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PT Bank Maybank Indonesia Tbk
ONE TEAM
ONE DIRECTION
NEW ENERGY
2024 Annual Report
Financial Services
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Governance Responsibility
One Team
One Direction
New Energy
The spirit of Maybank Indonesia’s “One Team, One
Direction, New Energy” reflects a shared desire to
unify our vision, pool our strengths, and instill new
motivation and innovation into every aspect of our
business. Collaboration is the key to achieving unity and
sustainable growth in various fields. With one clear goal,
all Maybankers move in one rhythm, allowing us to adapt
to market dynamics and the increasingly challenging
Indonesian financing industry.
“One Team, One Direction, New Energy” encapsulates
the work culture transformation that emphasises
togetherness, common goals, and renewed energy. These
three pillars are the foundation for growing sustainably
and presenting a financial experience where human
values always come first. It is the persona that Maybank
Indonesia embraces to face future challenges and gain a
competitive advantage in the banking industry.
2024 Annual Report PT Bank Maybank Indonesia Tbk 1
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Theme
Continuity
2020 2021 2022
Bank For All Growing With You One Bank Impacting Many
It certainly was not business as usual in 2020. The Amidst the challenges, Maybank Indonesia’s The theme for the 2022 report reflects Maybank
Coronavirus Disease 2019 (COVID-19) pandemic caused commitment to grow and benefit all stakeholders Indonesia’s position as a financial institution
an escalation in risk, volatility and uncertainty. COVID-19 has never wavered. Driven by ingenuity, that continues to create a positive impact on
also led to the implementation of mobility restriction creativity, and resilience, Maybank Indonesia has customers, communities and the environment.
and social distancing. The Bank sought to adapt swiftly in continued to grow as a business entity together Efforts that are manifested include through
managing banking operations to minimise the impact of with communities. The growth is founded upon digital banking innovations according to changes
economic activity decline towards the sustainability and environment, social, and governance principles in customer preferences, a commitment to
operating profit of the Bank. In order to stay connected that are increasingly important for a world that is implementing sustainable finance, and a focus
and continue to transact, online transaction or digital has more equitable, prosperous, and more sustainable on Environmental, Social and Governance (ESG)
been the key choice among society for various activities aspects in banking operations. The theme also
or needs. The pandemic thus became the impetus to represents the spirit of ‘One Maybank’, an
accelerate the strategy of digital transformation; one that initiative to maximise synergies between Maybank
has been consistently carried out by Maybank Indonesia Group entities in Indonesia in order to present a
over the past few years. more comprehensive financial solution service for
service users, as a differentiating strategic factor
In 2020, M2U application was continuously improved that provides added value to Maybank Indonesia
along with the refinement and development of new in the long term.
features in order to be at the forefront in serving
customers’ need regardless of distance, time, or the
need for face-to-face interactions. Maybank Indonesia
also continues to expand its digital ecosystem by
developing more and more digital banking solutions with
the advantages of being more practical, faster speed,
and secured transactions. All products and services are
designed to fulfill various needs of Maybank Indonesia’s
different customer segmentations, among others Young
Professional, Young Families, Silver Age, and Golden Age.
With consistency to build excellence in serving all
communities with quality product innovation, simple
process, and digital connectivity, Maybank Indonesia
continue to strengthen its position as a BANK FOR ALL,
now and in the future.
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2023 2024
Exceeding Expectations One Team, One Direction, New Energy
“Exceeding Expectations” can be an appropriate
The spirit of Maybank Indonesia’s “One Team, One Direction,
expression to describe Maybank Indonesia’s
presence in the Indonesian banking market New Energy” reflects a shared desire to unify our vision, pool
and industry to date. The expression manifests our strengths, and instill new motivation and innovation
itself, for example, when Maybank Indonesia
innovates to provide “great” rather than just into every aspect of our business. Collaboration is the key to
“good” products and services, or when Maybank achieving unity and sustainable growth in various fields. With
Indonesia looks to be a trendsetter and leader
in certain fields. “Exceeding Expectations” also
one clear goal, all Maybankers move in one rhythm, allowing us
describes Maybank Indonesia’s commitment to adapt to market dynamics and the increasingly challenging
to creating added value for shareholders,
Indonesian financing industry.
Maybankers, society, and the community by
maintaining excellent levels of growth and
financial performance, ensuring work-life “One Team, One Direction, New Energy” encapsulates the
balance for Maybankers, and delivering a
long-term positive impact for customers, the work culture transformation that emphasises togetherness,
community, and the environment. common goals, and renewed energy. These three pillars are the
By ‘Exceeding Expectations’, Maybank Indonesia
foundation for growing sustainably and presenting a financial
will be able to remain relevant in the future as experience where human values always come first. It is the
one of the leading banks in Indonesia.
persona that Maybank Indonesia embraces to face future
challenges and gain a competitive advantage in the banking
industry.
2024 Annual Report PT Bank Maybank Indonesia Tbk 3
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Table of Contents
The content structure of the Maybank Indonesia Annual Report refers to the
Annual Report writing guidelines and regulations that prevail in Indonesia.
03 COMPANY PROFILE
76 General Bank Information
Referring to the Integrated Report framework recently issued by
International Integrated Reporting Council (IIRC), which suggests that an 77 Maybank Indonesia in Brief
annual report shall refer to 6 (six) capitals namely Financial, Manufactured, 79 Corporate Logo and Identity
Intellectual, Human, Relationship & Social and Natural, then principally, 80 Our Journey
Maybank Indonesia’s 2024 Annual Report has covered discussion on the 82 Organisational Structure
referred six capitals.
84 Vision, Mission, and Corporate Culture
Below is Maybank Indonesia Annual Report’s content when viewed under the 86 Core Business
6-capital scheme suggested by IIRC for an annual report writing. 88 Products and Services
91 Board of Commissioners Profile
Annual Report Integrated Report 100 Board of Directors Profile
Maybank Indonesia Capital 110 Changes in the Composition of Management after Fiscal Year
Main Highlights Summary of 6 capital 111 Senior Management Profile
Management Report Summary of 6 capital 119 Employee Statistics and Profiles
Manufactured, Intellectual & 120 Shareholding Composition
Company Profile
Relationship 123 Corporate Group Structure
Management Discussion and Financial, Intellectual & 124 Maybank Group Profile
Analysis Manufactured 125 Subsidiaries and Joint Ventures
Manufactured, Human & 128 Share Listing Chronology
Functional Review
Intellectual 130 Other Securities Listing Chronology
Corporate Governance Report Relationship & Social 135 Ratings
Corporate Social Responsibility Relationship & Social 135 Public Accountant & Public Accountant Firm Services
Consolidated Financial Financial 136 Capital Market Supporting Institutions and Professions
137 Information on Corporate Website
138 Operational Areas
2 Theme Continuity
6 Disclaimer and Limitation of Liability 140 Branch Offices Address
7 Our Competitive Advantage
8 Maybank Group Strategy
MANAGEMENT DISCUSSION
10
11
7 Initiative Programmes Uplift Indonesia
12 Pillars Uplift Indonesia
04 AND ANALYSIS
12 Strategic Policies (Strategic Thrust) ‘Uplift Indonesia’
14 Key Achievement 2024 152 Macroeconomic Review
18 Overview of Sustainability Performance 2024 156 Global Banking
22 Initiatives and Digital Performance Achievements
160 Community Financial Services (CFS)
23 New Feature Launched in 2024
172 Shariah Banking
177 Maybank Finance
01 MAIN HIGHLIGHTS 180 WOM Finance
182 Profitability By Segments
26 Financial Highlights 184 Financial Review
30 Operational Highlights 185 Financial Performance Analysis
31 Shares Highlights
193 Consolidated Statement of Profit or Loss and Other
33 Bond, Sukuk, or Convertible Bond Highlights Comprehensive Income
34 Corporate Ratings
196 Consolidated Statement of Cash Flows
36 Event Highlights in 2024
196 Key Financial Ratios
42 Maybank Sustainability Day 2024
44 Awards and Certifications 197 Prime Lending Rate
198 Commitments and Contingencies
199 Earning Assets Quality Report and Other Information
02 MANAGEMENT REPORT 200 Other Material Information
202 Capital Structure
49 Report of the Board of Commissioners
203 Investment Property
57 Report of the Board of Directors
70 Report from the Shariah Supervisory Board 203 Material Commitments for Capital Goods Investment
72 Statements of Accountability for 203 Capital Goods Investment Realised In The Last Fiscal Year
2023 Annual Report by the Board of Commissioners of 204 Material Information and Facts Subsequent to the
PT Bank Maybank Indonesia Tbk Accountant’s Report Date
73 Statements of Accountability for 204 Comparison of Targets and Realisation 2024
2023 Annual Report by the Board of Directors of
204 Projections 2025
PT Bank Maybank Indonesia Tbk
205 Dividend Distribution Policy
206 Employee and/or Management Stock Ownership Program
(ESOP/MSOP)
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206 Realisation of the Use of Proceeds from Public Offering 554 Access to the Company’s Information
206 Significant Changes in the Bank and the Bank Business and Data
Groups in 2024 556 Code of Ethics and Code of Conducts
206 Significant Prohibition, Restrictions, and Constraint to 558 Corporate Culture
Transfer Funds Between the Bank and Other Entities in tThe 559 The Company's Vision in Supporting Sustainable
Business Group Performance and the Role of Corporate Governance
206 Provision of Funds, Commitments, and Other Facilities 559 Integrity as a Business Strategy for Long-Term Sustainability
560 Transparency of Financial and Non-Financial Conditions that
206 Other Important Transactions in Significant Amounts
Have not Been Disclosed in Other Report
206 Material Transactions Related to Investment, Expansion, 561 Quarterly Publication Report
Divestment, Acquisition, and Restructuring
562 Provision of Funds to Related Party and Large Exposure
206 Material Transactions Containing Conflicts of Interest and 563 Provision of Funds for Social and Political Activities
Transactions with Affiliated/Related Parties
564 Procurement Policy of Goods and Services
208 Changes in Laws and Regulations that Have a Significant 565 Customer Protection Policy
Impact on Banks
565 Anticorruption Policy
211 Changes in Accounting Policies 565 Creditors' Rights Safeguard
212 Compliance As Taxpayers 566 Dividend Distribution Policy
212 Marketing Aspects 566 Conflict of Interest Policy (including Insider Trading)
214 Business Prospects 567 Affiliate and Conflict of Interest Transactions in accordance
with Financial Services Authority Regulation No. 42/
216 Business Continuity Information
POJK.04/2020 concerning “Affiliate Transactions and
218 Business Continuity Management Conflict of Interest Transactions”
219 Guidelines And Support of Maybank 568 Bad Corporate Governance Practices
Group on the 2025 Business 568 Bank Strategic Plan
Sustainability Plan
568 Ratio of Highest and Lowest Salary and
220 Results and Progress Achieved by Variable Remuneration Received by Employees
Maybank Indonesia in Implementing ESG 569 Implementation of OJK Public Company Governance
Guidelines
573 General Guidelines for Indonesian Corporate Governance
05 FUNCTIONAL REVIEW (PUGKI)
583 Implementation of Corporate Governance Aspects and
Principles in Accordance with the Guidelines of Corporate
234 Human Capital
Governance Principles for Banks Issued by the Basel
251 Information Technology Committee in Banking Supervision
255 Branch Network Development 585 Integrated Governance Implementation Report
257 Operations and Customer Service 590 Implementation of the ASEAN Corporate Governance (CG)
263 Risk Management Scorecards
598 Board of Commissioners Approval Sheet Good Corporate
Governance (GCG) Implementation Report 2023
06 GOOD CORPORATE GOVERNANCE 599 Board of Directors Approval Sheet Good Corporate
Governance (GCG) Implementation Report 2024
414 Good Corporate Governance 600 GCG Report Shariah Business Unit 2024
414 Corporate Governance Policy Basis
415 Year-On-Year Focus of Governance Implementation
CORPORATE SOCIAL
419
420
Corporate Governance Roadmap
Bank's Governance Structure
07 RESPONSIBILITY
421 Self-Assessment Results of Good Corporate Governance
Implementation in 2024 619 Foundation for the Implementation of Corporate
422 Information on Major and Controlling Shareholders Social Responsibility (CSR)
423 General Meeting of Shareholders 619 Implementation of Sustainable Finance in Realising
441 Board of Commissioners Corporate Social Responsibility
460 Board of Directors 620 Sustainability Achievements in 2024
474 Affiliation between Board of Commissioners, Board of 622 Economic, Environmental, and Social Performance
Directors and Majority/Controlling Shareholders
475 Board of Commissioners and Directors Diversity Policy
478 Committees of the Board of Commissioners
504 Remuneration Policy 625 MAYBANK INDONESIA
508 Committees of the Board of Directors CONSOLIDATED FINANCIAL
523 Corporate Secretary STATEMENTS 2024
527 Corporate Security Management
528 Compliance Unit
531 Administrative Sanctions 961 PARENT COMPANY CONSOLIDATED
532 Implementation of the Anti-Money Laundering Program, FINANCIAL STATEMENTS 2024
Counter-Terrorism Financing, and Prevention of the
Financing of Weapons of Mass Destruction Proliferation
Program (AML CFT & CPF)
534 Whistleblowing System and Anti Fraud 968 ANNUAL REPORT 2024 CROSS
536 Legal Issues REFERENCE
540 Taxation Management and Control 968 Financial Services Authority Circular Letter
541 Internal Audit Unit No. 9/SEOJK.03/2020: Transparency and Publication of
545 Internal Control System Conventional Commercial Bank Reports
548 Investor Relations 972 SEOJK No. 16/SEOJK.04/2021:
549 Risk Management Annual Report of Public Company
552 Public Accountant/External Auditor
2024 Annual Report PT Bank Maybank Indonesia Tbk 5
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Main Highlights Management Report Company Profile Management Discussion
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Disclaimer and
Limitation of Liability
The 2024 Annual Report of PT Bank Maybank Indonesia Tbk discloses the
projections, plans, strategies, policies, and objectives of the Bank, which
are classified as forward-looking statements in the implementation of the
prevailing regulations, except for historical matters.
These statements involve potential risks, uncertainties, and may
materially differ in their actual developments from those reported herein.
The prospective statements in this Annual Report are prepared on the
basis of various assumptions regarding the current and future conditions
of the Bank as well as the business environment in which the Bank
conducts its business. The Bank does not guarantee that these documents
whose validity have been ascertained will bring expected results.
The annual report contains the words “Bank,” “Maybank Indonesia,” and “Bank Maybank Indonesia” which are defined
as PT Bank Maybank Indonesia Tbk engaged in the business activities of Commercial Banking/Banking Services. Often
times the word “the Company” is also used for ease of reference to address PT Bank Maybank Indonesia Tbk in general.
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Our Competitive
Advantage
High Quality Services
01 The Bank has the expertise to understand the
increasingly unique needs of its clients and offer them
need-based solutions by ensuring high-quality service
and optimal customer satisfaction.
Fast and Efficient Processes
02 The Bank consistently provides the fastest processes
for SME financing and multifinance.
Product Innovation and Comprehensive Solutions
03 The Bank offers integrated, need-based financial
services for customers through holistic solutions,
including securities, asset management, and
insurance.
Regional Connectivity
04 Maybank Indonesia is one of the leading banks with an
extensive regional network in Southeast Asia, which
can support cross-border operations.
2024 Annual Report PT Bank Maybank Indonesia Tbk 7
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Maybank Group
Strategy
Maybank Group introduced an extensive suite of solutions, implemented through the 12 Strategic Programs, to help its customers and
communities through unprecedented times. The M25+ strategy will direct the Group on a deeper purpose of becoming a “Values-Driven
Platform, Powered by a Bionic Workforce that Humanises Financial Services”.
Infusing the principles of ethical banking (fairness,
inclusivity, preservation of environment and Upskilling and equipping Maybankers with the
exclusion of harmful activities to mankind) as a right technological capabilities, further unlocking
differentiator to drive economic value for the Group their potential
“We are a values-driven platform, powered by a
bionic workforce that Humanises Financial Services”
Providing customers with hyper-personalised
Orchestrating digital ecosystems and
solutions to support them through their life
integrating customer offerings across the
journeys and serving the Community as the Force
region
for Good
Maybank Indonesia’s M25+ is based on 5 key strategic thrusts as further articulated in the
Uplift Indonesia program into 5 initiatives
KEY STRATEGIC THRUSTS IN MAYBANK INDONESIA’S M25+
Building on the foundation laid by the M25 plan, M25+ should give a boost to meaningful differentiation across five key strategic thrusts
and create firmer foundational capacities and capabilities for long-term sustainable growth, as elaborated below:
01 02 03
Intensify Customer-centricity Accelerate Digitalisation and Strengthen Maybank’s position
Full agile and iterative Minimum Viable Product Technology Modernisation elsewhere than Malaysia
(MVP) approach, through customer journeys and End-to-end STP platform that integrates with Regionalisation of business and product
imagining the end-state model ecosystems within and beyond banking solutions, and technological platforms and
applications, with clear leadership in Malaysia
04 05
Drive Leadership in Sustainability Agenda Achieve True Global Leadership in Islamic
Expanded scope to embrace ethical banking principles, Banking
deepening social impact and execution of decarbonisation Global Islamic wealth management (IWM), Singapore as hub
strategy and Middle East/ASEAN countries as spoke
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12 STRATEGIC PROGRAMMES (SPS)
SP1 SP2 SP3 SP4
Reshape wholesale target Build a regional Reimagine the consumer Reimagine the SME
operating model transaction banking banking customer journey banking customer journey
proposition
To enhance group-wide coverage Reimagine customer journey Reimagine SME journey
model and build deeper sector Establish cross-country across key growth milestones across key growth milestones
expertise, offering tailored target operating model for and beyond banking while and beyond banking while
solutions regional trade, payments, and orchestrate within select digital orchestrate within select digital
financial supply chain and cash ecosystems ecosystems
management
SP5 SP6 SP7 SP8
Build global Islamic Become a regional leader Uplift Indonesia Redefine our
banking leadership in Insurance International footprint
Establish global IWM hub in Strengthen Life coverage in
Continue to strengthen Refocus Maybank’s global
Singapore and Middle East/ core markets, scale and expand fundamentals, footprint, redesign target
ASEAN countries as spoke; regionally, and deliver customer- differentiate and grow operating model for select
establish as-a-service offering to centricity via STPs and analytics markets, and optimise
through expansion of
expand into new markets investment portfolio
select key levers
SP9 SP10 SP11 SP12
Be the Sustainability Elevate Maybankers Drive hyper Build Next-Gen
leader in SEA personalisation through Technology capabilities
Initiate strategic workforce
advanced analytics
Build segment-specific business planning, reimagine the Build a digital-ready architecture,
strategies and develop a employee value proposition, implement an operating
Develop platforms that
sustainability integrated target enhance performance model that drives seamless
enable hyper-personalisation
operating model management and institutionalise collaboration and prioritisation
experiences for customers
Agile@Scale of initiatives
2024 Annual Report PT Bank Maybank Indonesia Tbk 9
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5 Initiative Programmes
Uplift Indonesia
01 Global Banking
Providing seamless regional financing, tailored client expertise,
operational excellence, and innovative regional trade platform to
enhance transaction banking services and premium services for top-
tier clients.
02 SME
Empowering SMEs with tailored digital financing, value-added services
via integrated platforms, and seamless loan channeling distribution
enhanced growth and operational excellence.
03 Retail Consumer
Delivering enhanced branch productivity, omni-channel experiences,
integrated offerings for New To Bank (NTB) acquisition, payroll
solutions, and tailored wealth services to engage customers and target
affluent segments effectively.
04 Shariah Acceleration
Providing tailored Shariah wealth solutions and specialised services
for Islamic organisations, comprehensive halal ecosystem offerings,
and innovative regional Islamic Banking-as-a-Service with Sharia-
compliant products.
05 Enablers
Driving growth through ecosystem partnerships, seamless digital
integration, streamlined operations, enhanced risk management,
data-driven insights, and a unified culture of “One Team, One
Direction, New Energy”.
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5 Pillars
Uplift Indonesia
In achieving the ‘Uplift Indonesia’ strategy, the Bank has developed five pillars consisting of 5 strategic pillars, namely Global Banking,
SME, Consumer, Shariah Acceleration, and Enablers. These strategic pillars and capabilities position Maybank as a regional bank that
continues to grow financially, becoming the customers’ first choice for transactions and consistently meeting customer expectations for
the finest digital-based experience.
Uplift Indonesia’s five strategic pillars and capabilities (enablers) include strengthening current businesses and launching the M25+
transformation strategy, which will assist the Bank in meeting its ambitions for 2024 and beyond.
Maybank Indonesia: Humanising Financial Services
“A leading regional bank focused on increasing stakeholder value through
comprehensive solutions, superior customer experience,
and adherence to prudent principles”
1-Maybank: Integrated financial solution with full suite of products & services
01 02 03
Global Banking SME Consumer
Utilisation of Regional Fastest, easy and Comprehensive Wealth
Client Coverage for efficient credit Management proposition
Inbound/Outbound processing services supported by digital services
ASEAN-ID opportunities with beyond banking
solutions
Shariah Acceleration: Shariah Wealth Management services focus on penetrating the
04 Islamic ecosystem, and offering innovative and comprehensive Shariah product solutions
Enabler: Strategic partnerships, operational simplification, effective risk management, balance
05 sheet and cost optimisation, and extensive and productive branch services
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Strategic Policies
(Strategic Thrust)
‘Uplift Indonesia’
Strategic Policies and Results Achieved in 2024
Intensify customer-
01 centricity 02 Accelerate Digitalisation
and Technological
The Bank has provided personalised and tailored solutions to
Modernisation
meet the evolving needs and preferences of our diverse client The Bank continues to develop features in digital banking
base. and technological innovation, as well as improving our
• Achieved regional growth by leveraging cross-regional digital platforms and infrastructure to provide safe,
collaboration, deepening relationships with large efficient and user-friendly services.
corporations, and increasing wallet share through strategic • The Bank successfully launched gold savings products
account planning. on M2U, digital credit card features, and digital virtual
• In CFS Non-Retail, the Bank established partnerships to account partnerships.
launch digital loan channeling, which was consistent with • Accelerated process automation and efficiency
its ecosystem partnership strategy. This initiative has through SCP1, as well as implemented a new IVR
enhanced the Bank’s ability to penetrate new markets and verification flow at the Contact Center to handle
expand solutions offered to the SME segment in the future. customer requests.
Additionally, the Bank introduced two web-based solutions • Modernisation of core banking and IT infrastructure to
designed to support SME businesses in gaining easier strengthen cybersecurity.
access to banking loan facilities and improving access to • Improved branch productivity through concierge
comprehensive digital banking services for SME customers. services, product guide cards, sales rhythm, and
• In CFS Retail, the Bank has started a Branch Transformation salesforce optimisation.
initiative, aimed at enhancing the productivity of service
& sales teams at selected branches. This is expected to
improve service quality and customer loyalty.
Grow regionally as
03 1-Maybank
To strengthen Maybank’s position outside Malaysia, the Bank has invested in transformation efforts to enhance collaboration among entities in
Indonesia, including Maybank Asset Management, Maybank Sekuritas Indonesia, and Etiqa Insurance.
• MSID launched a trade platform (Trade ID) to expand service offerings and increase the number of RDN accounts.
• Introduced Maybank Asset Management products, such as the Sukuk Fund and Index Fund while enhancing cross-selling to Maybank
Indonesia’s customer base through branch events, meetings, and digital marketing.
• Participated in one of the biggest automotive events in Indonesia to deepen relationship with customers.
• Collaborated with the Maybank Group for cross-border lending to several companies operating in selected industries.
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Drive Leadership in Achieve True Global
04 the Sustainability 05 Leadership in Islamic
Agenda Banking
With a commitment to pushing the sustainability agenda, the In order to achieve its aspiration to become a leader in Islamic
Bank has set new standards in responsible banking and makes a banking, the Bank has developed and offered innovative
positive contribution to the environment and society. financial solutions that comply with Shariah principles.
• The Bank has launched high-impact sustainability initiatives • Forged strategic partnership through API and BaaS with
on the environment, such as sustainable lending. partners to acquire NTB and Hajj funding (bundle with
• Integrated the ESG Global Banking roadmap to support financing).
customers’ transition toward sustainable practices. • Strengthened the halal ecosystem through partnerships
• Established a Sustainability Council to strengthen and with leading Islamic organisations.
formulate more effective sustainability strategies. • Developed a fully integrated Shariah Wealth proposition,
• Received a gold award from “The Corporate Transparency develop global connectivity, and digitalise product and
and Emissions Reduction Award 2024” for sustainability services.
efforts to reduce carbon emissions.
Strategic Policies for 2025 and in the Coming Years
In 2025, the Bank’s five strategic themes will be streamlined into three major themes: i) Deepening Customer Relationships, ii) Executing
Efficient and Resilient Operations, iii) Conducting Business with the MyImpact Principles.
M25+ Strategic Themes Theme 2025
Intensify Customer
01 Centricity
Accelerating Digitalisation and
01 Intensify Customer-Centricity
02 Technology Modernisation
02 Drive More Efficient Operations
Strengthening Maybank’s
03 Position Outside Malaysia
Driving Sustainable Growth
04 (Sustainability Agenda)
05
Achieving Global Leadership
in Islamic Banking
03 Delivering MyImpact
Agile Ways of Working
1. Intensify Customer-Centricity • Improve digital services through platform development
• Global Banking Strategy: Intensify regionalisation and enhancing customer experience via system
and operational excellence through digitalisation, automation.
collaborative KPIs, and innovative products. • Strengthen IT infrastructure through core banking
• CFS Non-Retail: Optimise SME loan processes with system modernisation.
enhanced pre-approval and streamlined post-approval • Increase workplace quality by driving cultural
workflows. transformation with a fit-to-win organisational structure
• CFS Retail: Expand into new segments through Wealth, and a “one team, one direction, new energy” culture.
Payroll, and Personal Loan offerings.
• Shariah: Strengthen the Halal Ecosystem and Shariah 3. Delivering MyImpact
Wealth Management by boosting sales productivity and • Promote household well-being across ASEAN through
ecosystem penetration. CSR programs.
• Achieve carbon neutrality and drive active participation
2. Driving Operating Model Efficiency, Resiliency, and Future in sustainability initiatives.
Proofing
• Enhance branch and employee productivity while
fostering customer centricity.
2024 Annual Report PT Bank Maybank Indonesia Tbk 13
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Key
Achievement 2024
“Maybank Indonesia concluded the year 2024 with a
promising outlook, marked by healthy loan growth
across the Bank’s key segments, paving the way for
stronger growth momentum.”
HOW WE USE OUR CAPITAL
FINANCIAL
Total Loans and Shariah • Loans grew by 10% supported by growth in all segments.
Financing (Loans)
• Global Banking recorded loans of Rp44.7 trillion, a 7.2% increase compared
Rp 127.6 trillion •
to 2023 supported by pertumbuhan segmen Local Large Corporate (LLC) and
Financial Institutions Group (FIG).
Total Community Financial Services (CFS) loans stood at Rp82.9 trillion
Total Equity compared to Rp74.3 trillion in the previous year, growing 11.6%.
31.2 trillion
• Total assets of Shariah Business Units (UUS) grew 4.7% to Rp43.0 trillion in
Rp December 2024. It represented 23.4% of Maybank Indonesia’s total assets of
December 2024.
• Maybank Finance financed approximately 40 thousand car units with total
Total Deposits
financing of Rp7.9 trillion in 2024, higher 2.9% than Rp7.7 trillion in 2023.
Rp 119.0 trillion • WOM Finance financed about 184 thousand motorcycle units with a total
financing of Rp6.2 trillion in 2024.
INTELLECTUAL
• Digital Credit Card features in M2U ID App, such as credit card application
for existing customers, TREATS loyalty points management and redemption,
XCash application for invited existing customers, credit card activation and
PIN management
Innovation in Digital • Government Bonds transaction in the secondary market through M2U ID App
Services • M2U QR Pay transaction using Maybank Credit Card as source of fund
• Credit Card application for New to Bank customers in M2U ID App
• Request Physical Gold Pick-up through M2U ID App which enable the
conversion of digital gold saving into physical gold and pick-up the physical
gold bar at Pegadaian branch office
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MANUFACTURED
The Bank’s IT strategic plan consists of four pillars: Focus on Connectivity,
Infrastructure Enhancement through Modernisation & Cyber Defence
Focus on IT Development Capability, Utilisation of Business Processes for Productivity and Efficiency, and
Improvement of the Working Environment.
Investment on IT development reached Rp600 billion in 2024 compared to
IT Development Funding previous year of around Rp522 billion.
There are a total of 75 initiatives divided into four main categories, namely
Initiatives in Operational Productivity Improvement, Strengthening Internal Controls, Enhancement of
Development Services & Business Support, and Regulatory Compliance.
• 1 Non-Operational Head Office, 10 Regional Offices, 79 Main Branch Offices,
214 Sub-Branch Offices.
• The Bank has 17 Shariah Branch Offices and 3 Shariah Sub-Branch Offices.
Office Network • For overseas banking services, the Bank also has 1 Branch Office in Mumbai,
India.
• The Bank is also supported by 22 units of KCP Mobile for comprehensive
services, especially in remote areas.
Channel 747 ATMs (including 26 Cash Recycle Machine)s
HUMAN
Employees 6,992 Employees
Maybank continues to strengthen its organisational culture to successfully adopt
digital transformation of TEAMWORK, INTEGRITY, GROWTH, EXCELLENCE &
EFFICIENCY, RELATIONSHIP BUILDING.
Corporate Culture
In 2024, the ratio of education funds realised by the Bank in 2024 reached 6.48%
of the total gross salary in 2023 of Rp86.78 billion.
RELATIONSHIP & SOCIAL
• The Bank’s Macroprudential Inclusive Financing Credit (PIM as of 2024
amounted to Rp29.0 trillion or 27.00% of the Bank’s total credit (Bank only).
Cooperation with • In order to support the government and regulators’ efforts to increase
Government financial inclusion and drive non-cash payment transactions, Maybank
Indonesia has been proactive in conducting socialisation while running
various promotional programs to increase customer activities in the Digital
Banking platform, especially through the Bank’s M2U ID App.
Financial Literacy and Inclusion Activities:
• Maybank Cashville Kidz Program, a financial education program for
Elementary School (SD) students to understand the mechanism of financial
literacy for the future
• Negeri di Awan Program, an integrated and comprehensive program
CSR Programs specifically designed by involving Maybankers as volunteers in empowering
the community through educational activities
• Maybank Internship Program, which aims to provide opportunities for
students to learn more about the bank’s operational activities
Community Empowerment Programs:
• Reach Independence and Sustainable Entrepreneurship (R.I.S.E.), which aims
to improve entrepreneurial knowledge, the capabilities of micro-businesses
for disabled & marginalised MSMEs, and create an independent society
through business development.
2024 Annual Report PT Bank Maybank Indonesia Tbk 15
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
NATURAL
• The inauguration of Maybank Eco Village Gianyar Bali Program was
held on Friday, August 23, 2024, coinciding with the implementation of
Maybank Marathon Bali 2024, which focuses on solutions regarding waste
management, especially organic waste management. This facility was
established in Sanding Village, Gianyar, Bali, and is expected to be able to
CSR Initiatives process organic waste with a processing capacity of up to 500 kg per day.
• The mangrove planting that has been carried out in the Mangrove Arboretum
Park, Tanjung Benoa, Bali, is part of the main initiative for the implementation
of the Maybank Marathon Bali 2024. A total of 4,500 mangroves planted are
expected to absorb 247,310.95 kgCO2e over an eight-year lifespan, equivalent
to electricity savings of 277,566 kWh or reducing car travel by 3.8 million
kilometres.
• Energy efficiency sector: Rp1.5 trillion
• Biological Resources Management and Sustainable Land Use Sector: Rp2.1
trillion
• Product Sector that Can Reduce the Use of Resources and Produce Less
Financing for sustainable Pollution (Ecoefficient): Rp146 billion
business initiatives • Environmental Building Sector that Meets Nationally, Regionally, or
Internationally Recognised Standards or Certifications: Rp827 billion
• Environmentally Friendly Transportation: Rp346 billion
• Renewable Energy: Rp56 billion
• MSME activities: Rp17.1 trillion
• Implementation of POJK 51/2017
• Implementation of Green Taxonomy Indonesia
• Implementation of Risk Acceptance Criteria (RAC)
Policy initiatives on • Published ESG Risk Management Framework
Green Loans • Adoption of Maybank Group’s Sustainable Product Framework (SPF)
• Adoption of Maybank Group’s Transition Finance Framework (TFF)
• Adoption of climate policy
CUSTOMERS
Number of Debtors Number of debtors of 603 thousand customers in 2024 and depositors of
and Depositors 1.2 million customers in 2024.
Responsibility to the The overall customer experience is measured by satisfaction levels using the NPS
Consumer (Net Promoter Score) methodology performed by external parties.
• Commitment to Protect Deposits and Customer Data Confidentiality
Service Quality • Provision of a Center for Complaints and Customer Complaints Handling
Improvement Program • Provision of Product and Service Information
• Launching MyProtection RENCANA, a traditional shariah-based life insurance
product to protect family financial plans. Introducing MyProtection Waris
Syariah, a traditional shariah-based life insurance product designed as a
solution for inheritance preparation and future financial protection.
New Products and • Development of Loyalty (Treats) Features in M2U ID App for Credit Card Treat
Activities Points management features
• Credit card application features for existing Bank customers and credit card
management features
• QRIS transaction features with credit card funding sources
16 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
INVESTORS
• Profit Before Tax (PBT) registered at Rp1.6 trillion. In 2024, the Bank was able
to sustain upward trend in PBT for the past three quarters. The Bank’s PBT in
fourth quarter of 2024 was at Rp755 billion, increased by 34.5% from Rp562
billion in third quarter of 2024.
• The Bank’s Interest Income increased by 9.9% in line with higher loan average
balance and better earning assets composition. However, interest expense
Market Capitalisation remained high causing Net Interest Income (NII) to drop by 1.8%. Net Interest
Rp 17.5 trillion Margin (NIM) contracted by 59 bps to 4.37%.
• Fee-based income increased by 5.8% to Rp2.2 trillion. This positive growth
is driven by a nearly doubled fee income from asset recovery, as well as
contributions from the subsidiary’s two-wheeler financing and Premier
banking (Wealth Management) fees.
EMPLOYEES
• In 2024, the ratio of education funds realised by the Bank reached 6.48% of the total gross salary in 2023.
This percentage reflects the Bank’s commitment to implementing strategic plans in sustainable employee
development.
• Implement talent and successor development programs based on the principle of 70% (experiential-based):
20% (relationship-based): 10% (formal learning) which can be adapted to dynamic business goals
• Fulfilling human resources competency is focused on fostering a culture of self-learning via a digital learning
platform and continually improving Future Ready Skills to ensure the bank’s resilience in the digital age.
REGULATORS
The results of the governance self-assessment at the Bank individually and in a consolidated basis (including
the subsidiaries of WOM & Maybank Finance) each resulted in a score of 2 with a rating of “Good”. The rating
reflects that the Management of the Bank and its Subsidiaries have implemented good corporate governance.
COMMUNITIES
Maybank Indonesia and Maybank Foundation, together with People System Consultancy, continue the Reach
Independence and Sustainable Entrepreneurship (R.I.S.E.) training series for disabled and marginalised
communities. This program aims to enhance entrepreneurial knowledge, microenterprise capabilities of
disabled & marginalised MSMEs, and create independent communities.
ENVIRONMENT
• The Bank has identified that at least 19,4% of the Bank only total loans portfolio has met the Sustainable
Business Activities Category (KKUB).
• Maybank Indonesia implements various efforts in energy use and waste management as well as the use of
environmentally friendly materials.
• Continuing the eco-friendly initiative as an employee’s daily lifestyle in participating in a plastic diet by not
providing drinking water in plastic packaging or single-use plastic plates for office activities.
• The Bank implemented Mobile Working concept, which could lead to a decline in fossil fuels and CO2.
2024 Annual Report PT Bank Maybank Indonesia Tbk 17
Page 20
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Overview of Sustainability
Performance 2024
Economic Aspect Performance
19.44% 4.37% 15.07% 27.00%
Sustainable Business Environmentally Friendly Micro Small Medium Macroprudential
Activity Category (SBAC) Business Activities Enterprises (MSME) Inclusive Financing Ratio
financing to total credit (EFBA) financing to total category financing to (RPIM)
(Bank only) credit (Bank only) total credit (Bank only)
Description Unit 2024 2023 2022
Economic Performance - Consolidated
Operating Income after Provision Rp billion 1,589 2,348 2,056
Profit After Tax and Minority Interest (PATAMI) Rp billion 1,116 1,743 1,471
Customer Deposits Rp billion 119,004 115,503 105,706
Total Loans Rp billion 127,581 116,002 107,815
Number of Local Suppliers Supplier 1,270 1,064 1,216
Economic Performance Related to Sustainability - Bank Only
Sustainable Business Activity category (SBAC) Financing Rp billion 22,095 21,846 24,820
Environmentally Friendly Business Activities (EFBA) financing Rp billion 4,972 3,971 7,277
Micro, Small and Medium Enterprises (MSME) category financing Rp billion 17,122 17,875 17,543
Percentage of Loans under Sustainable Business Activity category (SBAC) to Total Loans % 19.44% 21.34% 25.87%
Environmentally Friendly Business Activities (EFBA) financing to total credit % 4.37% 3.88% 7.58%
Micro, Small and Medium Enterprises (MSME) category financing to total credit % 15.07% 17.46% 18.28%
18 2024 Annual Report
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Governance Responsibility
Environmental Performance
2,850 Total trees planted
Description Unit 2024 2023 2022
Energy Usage Intensity GJ/Employee 15.26 15.46 15.15
GHG Emissions Scope 1 Tonnes of CO2e 2.778 *)
2.377 2.285
GHG Emissions Scope 2 Tonnes of CO2e 29,266 29,861 29,347
GHG Emission Intensity Tonnes of CO2e/Employee 3.14 3.16 3.10
Water Usage Megaliters 104.24 117.89 69.70
Paper Usage Million Sheet 27.48 38.56 40.56
*)
In 2024, the calculation for Scope 1 GHG Emissions for the first time covers additional calculation of emissions from Generator Fuel sources, Light Fire
Extinguishers, Air Conditioner Refrigerants.
Social Aspect Performance
Reach Independence & Sustainable Maybank Women Eco-Weavers
Entrepreneurship (R.I.S.E) (MWEW)
2,432 50 50 Weavers Farmers
18,990
Differently Abled Individuals and the Marginalised
Cotton trees
eMpowering Youth Across ASEAN Financial Literacy
(eYAA)
10,502 Beneficiaries
19,082 Participants
Description Unit 2024 2023 2022
Women in Board of Commissioners and Board of Directors position % 20.00 13.95 13.47
Customer Satisfaction Survey Score 36 38 24
2024 Annual Report PT Bank Maybank Indonesia Tbk 19
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Governance-related Performance
2-Good Rating “2-Good”
99% Employees
Governance Composite Participated in the Anti-Fraud,
Assessment Bribery and Corruption training
and e-learning
100% Employees
B CDP rating
Participated in the Code of Higher than the Asia regional
Conduct training and Global average of C
Maybank Indonesia’s Performance towards Group Sustainability
Commitments
01 02 03 04
Commitment 1 Commitment 2 Commitment 3 Commitment 4
Mobilised Improved the lives of Achieved 20% Achieved
IDR9.1 trillion in 264,495 households emission reduction 307,260 hours on
Sustainable Finance in Indonesia for Bank’s Scope 1 sustainability in
accumulated up to throughout 2024 and 2 against 2019 Maybank Indonesia
2024 baseline throughout 2024
20 2024 Annual Report
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Governance Responsibility
2024 Annual Report PT Bank Maybank Indonesia Tbk 21
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Initiatives and Digital
Performance Achievements
M2U
• M2U transaction volume grew by 16% YoY,
reaching more than Rp131.7 trillion. M2U Transaction Volume (Rp trillion)
• M2U financial transactions exceeded 24.8 36.79
34.11
million, growing by more than 17% YoY. 30.80 30.83 29.93
• More than 230K saving accounts have been
opened digitally through M2U as of fourth
quarter 2024.
• Third Party Fund volume through M2U reach
more than Rp10.0 trillion and grow by more
than 19% YoY. Q4'23 Q1'24 Q2'24 Q3'24 Q4'24
QR Pay Total M2U Transaction (million)
6.40 6.83
5.79 5.65 5.96
• QR Pay & CR Cardless Withdrawal transactions
volume in M2U as of Q4 24 reach more than
Rp799 billion, grow by more than 85% YoY.
• The number of Maybank QR Pay merchants
exceeded 169,000.
Q4'23 Q1'24 Q2'24 Q3'24 Q4'24
M2E M2E Transaction Volume (million)
1.13 1.18
1.05 1.09 1.09
• The total frequency of financial transactions
exceeded 4.3 million, growing by 6% YoY.
• The current account balance of M2E users
exceeded Rp27 trillion, growing by more than
6% YoY.
Q4'23 Q1'24 Q2'24 Q3'24 Q4'24
22 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
New Feature
Launched in 2024
Government Bond transactions in the secondary
market through the M2U ID application
Credit Card applications for new customers
through the M2U ID application. ID
Digital Credit Card features in M2U such as:
• Credit card application for existing customers
• TREATS loyalty points management and
redemption
• XCash application for invited existing customers
• Credit card activation and PIN management
Request Physical Gold Pick-up through
M2U ID App which enable the conversion
of digital gold saving into physical gold and
pick-up the physical gold bar at Pegadaian
branch office
2024 Annual Report PT Bank Maybank Indonesia Tbk 23
Page 26
The Maybank Beasiswa Prestasi program, which has been in place since 2011, represents the spirit of ‘One Team, One Direction, New Energy’ as a manifestation of support for the high-achieving generation in pursuing a brighter future.
Page 27
26 Financial Highlights 30 Operational Highlights 31 Shares Highlights 33 Bond, Sukuk, or Convertible Bond Highlights 34 Corporate Ratings 36 Event Highlights in 2024 42 Maybank Sustainability Day 2024 44 Awards and Certifications Main Highlights
Page 28
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Financial
Highlights
in million Rupiah
CONSOLIDATED STATEMENT OF FINANCIAL
2024 2023 2022 2021 2020
POSITIONS
Total assets 197,179,822 171,803,070 160,813,918 168,712,977 173,190,035
Loans 1)
127,581,015 116,002,006 107,815,087 101,770,531 105,271,330
Loans - net 1)
123,561,591 112,479,905 104,456,619 98,502,884 102,041,553
Financial investments - net
Marketable securities 39,956,998 30,584,181 28,429,318 29,102,397 24,099,718
Government recapitalisation bonds - - - - -
Investment in shares 195,182 167,793 170,369 172,312 173,768
Allowance for impairment losses (1,015) (397) (4,391) (5,453) (6,722)
Total financial assets - net 40,151,165 30,751,577 28,595,296 29,269,256 24,266,764
Earning assets - net 175,014,964 153,315,630 141,563,727 153,576,899 158,618,651
Deposits from customers 119,003,891 115,502,508 105,706,302 114,898,775 115,003,047
Deposits from other banks 6,020,257 4,782,896 3,165,693 5,162,363 8,236,126
Borrowings 14,426,809 7,744,928 9,949,742 6,917,309 6,041,622
Total liabilities (excluding minority interest) 165,971,431 141,007,036 131,279,968 139,826,538 145,844,522
Total equity 31,208,391 30,796,034 29,533,950 28,886,439 27,345,513
AVERAGE CONSOLIDATED STATEMENT OF
2024 2023 2022 2021 2020
FINANCIAL POSITIONS
Total assets 184,491,446 166,308,494 164,763,448 170,951,506 171,136,433
Loans 1)
121,791,511 111,908,547 104,792,809 103,520,931 113,925,044
Loans - net 1) 118,020,748 108,468,262 101,479,752 100,272,219 111,030,161
Financial investments - net
Marketable securities 35,270,590 29,506,750 28,765,858 26,601,058 19,682,864
Government recapitalisation bonds - - - - 561,455
Investment in shares 181,488 169,081 171,341 173,040 170,778
Allowance for impairment losses (706) (2,394) (4,922) (6,088) (27,106)
Total financial assets - net 35,451,371 29,673,437 28,932,276 26,768,010 20,387,991
Earning assets - net 164,165,297 147,439,679 147,570,313 156,097,775 155,215,611
Deposits from customers 117,253,200 110,604,405 110,302,539 114,950,911 112,802,027
Deposits from other banks 5,401,577 3,974,295 4,164,028 6,699,245 5,685,093
Borrowings 11,085,869 8,847,335 8,433,526 6,479,466 7,615,529
Total liabilities (excluding minority interest) 153,489,234 136,143,502 135,553,253 142,835,530 144,121,218
Total equity 31,002,213 30,164,992 29,210,195 28,115,976 27,015,215
Note:
1) Include consumer financing receivables
26 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
in million Rupiah
CONSOLIDATED STATEMENTS OF INCOME 2024 2023 2022 2021 2020
Net interest income and sharia 7,105,410 7,233,623 6,977,850 7,117,279 7,259,810
Other operating income 2,386,388 2,036,965 1,680,086 1,890,220 1,932,907
Allowance for impairment losses on financial instruments (1,369,376) (1,115,060) (1,266,220) (1,540,064) (2,075,674)
and provision for possible losses on non-earning assets
Other operating expenses (7,903,158) (6,922,700) (6,601,742) (6,787,773) (7,341,808)
Operating income - net 1,588,640 2,347,888 2,056,194 2,219,726 1,850,909
Non operating income/(expenses) - net 11,673 6,786 (15,968) (17,064) (32,264)
Income before tax expense 1,600,313 2,354,674 2,040,226 2,202,662 1,818,645
Tax expense - net (401,670) (536,924) (507,015) (501,734) (534,253)
Income/(loss) for the year 1,198,643 1,817,750 1,533,211 1,700,928 1,284,392
Income/(loss) for the year attributable to:
Equity holders ot the parent company 1,115,963 1,743,406 1,471,070 1,666,316 1,266,348
Non-controlling interest 82,680 74,344 62,141 34,612 18,044
Total comprehensive income/(loss) for the year - net of tax 1,219,342 1,869,253 1,151,472 1,794,195 1,613,692
Total comprehensive income/(loss) for the year attributable
to:
Equity holders ot the parent company 1,133,078 1,793,756 1,087,721 1,755,903 1,590,380
Non-controlling interest 86,264 75,497 63,751 38,292 23,312
Basic earings/(loss) per share 15 23 19 22 17
Shares data:
The amount of shares issued and paid-up (thousands) 76,215,196 76,215,196 76,215,196 76,215,196 76,215,196
2024 Annual Report PT Bank Maybank Indonesia Tbk 27
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
FINANCIAL RATIOS 2024 2023 2022 2021 2020
Capital
Capital Adequacy Ratio (Total Rasio) 25.55% 27.74% 26.65% 27.10% 24.31%
Fixed assets to capital 18.34% 17.64% 18.02% 18.73% 18.68%
Asset Quality
Non performing earnings assets to earnings assets 1.82% 2.08% 2.49% 2.32% 2.58%
Non performing loan (NPL) ¹⁾ 2.68% 2.92% 3.46% 3.69% 4.00%
Non performing loan - net (NPL - net) ¹⁾ 1.42% 1.88% 2.34% 2.56% 2.49%
Allowance for impairment losses on financial assets to 2.35% 2.36% 2.45% 2.18% 2.09%
earning assets
Fullfillment of required allowance for possible losses 108.37% 123.03% 110.56% 95.59% 92.73%
Rentability
Return on assets (ROA) 0.85% 1.41% 1.25% 1.34% 1.04%
Return on equity (ROE) 3.93% 6.20% 5.44% 6.36% 5.13%
Net interest margin (NIM) 4.37% 4.96% 4.89% 4.69% 4.55%
Operating expenses to operating revenues (BOPO) 89.56% 83.13% 83.10% 82.69% 87.83%
Net interbank taking to Tier I Capital 10.46% 8.00% 2.30% -33.81% -18.83%
Liabilities to total equity 5.32 4.58 4.45 4.84 5.33
Liabilities to total assets 0.84 0.82 0.82 0.83 0.84
Liability
Loans to Deposits (LDR) 2) 89.84% 84.25% 86.92% 76.28% 79.25%
Compliance
Percentage of Legal Lending Limit (LLL) violation 0.00% 0.00% 0.00% 0.00% 0.00%
Minimum Statutory Reserves (GWM) Rupiah
Primary 2) 7.12% 7.12% 8.47% 4.13% 3.88%
Penyangga Likuiditas Makroprudensial 2) 20.40% 26.98% 26.78% 26.78% 21.99%
Macroprudential Liquidity Buffer (PLM) 2) 4.38% 4.58% 4.45% 4.47% 4.36%
Minimum Statutory Reserves (GWM) Foreign Currency 2)
5.70% 4.61% 2.61% 3.38% 7.37%
Note:
1) Include consumer financing receivables
2) Bank only
28 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Total Assets Loans
(in billion Rupiah) (in billion Rupiah)
197,180 127.581
171,803 173,190 116,002
160,814 168,713 107,815 101,771 105,271
2024 2023 2022 2021 2020 2024 2023 2022 2021 2020
Customers’ Deposits Profit Before Tax
(in billion Rupiah) (in billion Rupiah)
119,004 115,503 114,899 115,003 2,355
105,706 2,203
2,040
1,819
1,600
2024 2023 2022 2021 2020 2024 2023 2022 2021 2020
Profit After Tax and
Net Interest Income Minority Interest (PATAMI)
(in billion Rupiah) (in billion Rupiah)
7,105 7,234 6,978 7,117 7,260 1,743 1,666
1,471
1,266
1,116
2024 2023 2022 2021 2020 2024 2023 2022 2021 2020
2024 Annual Report PT Bank Maybank Indonesia Tbk 29
Page 32
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Operational
Highlights
OPERATIONAL SUMMARY
Description 2024 2023 2022 2021 2020
1. Total Employees 6,992 6,965 6,922 6,803 6,887
2. Total Branch Offices 97 97 97 98 94
3. Total Sub Branch Offices 217 240 248 258 267
4. Total ATMs 721 739 869 1,033 1,349
5. Total Cash Deposit Machines (CDM) - - - - 79
6. Total Cash Recycle Machines (CRM) 26 26 26 - -
7. KCP Mobile 22 22 22 22 22
8. Digital Transaction (Rp Billion) 141,121 129,632 114,626 95,264 78,348
GLOBAL BANKING SEGMENT Rp Trllion
Description 2024 2023 2022 2021 2020
Deposits from Customer 29.8 31.4 24.3 34.9 31.1
Current Account 12.2 11.5 9.4 12.0 8.9
Saving Account - - - - -
Time Deposits 17.6 19.9 14.9 22.9 22.1
Total Loans 44.7 41.7 40.6 38.0 34.5
CFS NON-RETAIL SEGMENT Rp Trllion
Description 2024 2023 2022 2021 2020
Deposits from Customer 44.0 38.3 38.6 36.2 33.1
Current Account 23.7 20.0 20.4 18.9 14.0
Saving Account 0.7 0.7 0.7 0.7 0.7
Time Deposits 19.5 17.6 17.4 16.6 18.4
Total Loans 36.9 30.8 28.2 29.5 36.7
CFS RETAIL SEGMENT Rp Trllion
Description 2024 2023 2022 2021 2020
Deposits from Customer 45.2 45.7 42.8 43.8 50.8
Current Account 3.7 4.2 2.6 1.5 1.7
Saving Account 22.6 22.5 21.2 21.2 20.5
Time Deposits 18.9 19.0 19.1 21.1 28.6
Total Loans 46.0 43.5 39.0 34.3 34.0
30 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Shares
Highlights
Initial Public Offering
Maybank Indonesia is one of the leading private banks in Indonesia, part of the Malayan Banking Berhad (Maybank) group, one of the
largest financial services provider groups in ASEAN. Previously Maybank Indonesia was known as PT Bank Internasional Indonesia Tbk
(BII), which was founded on May 15, 1959, obtained its license as foreign exchange bank in 1988 and listed its shares as a public company
in Jakarta and Surabaya Stock Exchange (now merged into the Indonesia Stock Exchange) in 1989.
Share Price Performance
Price Market
Transaction Total Shares
Year Quarter Highest Lowest Closing Capitalisation
Volume Outstanding
(Rupiah) (Rupiah) (Rupiah) (Rupiah)
I 272 240 258 121,178,800 76,215,195,821 19,663,520,521,818
II 262 199 208 69,309,500 76,215,195,821 15,852,760,730,768
2024
III 258 208 232 225,427,400 76,215,195,821 17,681,925,430,472
IV 232 206 208 56,387,600 76,215,195,821 15,852,760,730,768
I 250 222 230 69,975,800 76,215,195,821 17,529,495,038,830
II 256 226 256 84,956,100 76,215,195,821 19,511,090,130,176
2023
III 304 256 266 303,226,700 76,215,195,821 20,273,242,088,386
IV 264 242 242 53,027,000 76,215,195,821 18,444,077,388,682
Bank Stock Trading in the Last 2 Years
Description 2024 2023
Highest Price (in Rupiah) 272 304
Lowest Price (in Rupiah) 199 222
Closing Price (in Rupiah) 208 242
Market Capitalisation (in billion Rupiah) 15,853 18,444
Net Income per Share (in Rupiah) 14.64 22.87
Book Value per Share (in Rupiah) 409 404
P/E (x) 14.07 10.58
P/BV (x) 0.50 0.60
2024 Annual Report PT Bank Maybank Indonesia Tbk 31
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Shares Performance
2024 Closing Price (Rp)
400
Transaction Volume (Shares)
80,000,000
350 70,000,000
300 60,000,000
250 50,000,000
200 40,000,000
150 30,000,000
100 20,000,000
50 10,000,000
0 0
January February March April May June July August September October November December
2023 Closing Price (Rp)
400
Transaction Volume (Shares)
80,000,000
350 70,000,000
300 60,000,000
250 50,000,000
200 40,000,000
150 30,000,000
100 20,000,000
50 10,000,000
0 0
January February March April May June July August September Occober November December
Closing Price Transaction Volume
Corporate Actions Suspension and/or Delisting
Throughout the fiscal years ending on 31 December 2024 and Throughout 2024 and 2023, Maybank Indonesia was not
31 December 2023, Maybank Indonesia did not undertake any subjected to any stock trading sanctions, including temporary
corporate actions resulting in alterations to its shares, such as suspension of stock trading (suspension) or removal from stock
stock splits, reverse stock combinations, stock dividends, bonus listing (delisting) on the stock exchange.
shares, changes in par value of shares, issuance of convertible
securities, and capital increases and decreases.
32 2024 Annual Report
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Governance Responsibility
Bond
Highlights
Outstanding Bonds in The Past 2 Years
Nominal Date of
Amount Interest Tenor Date of Listing Maturity Payment
Bond Series Rating
(in Millions Rate (year) Issue on the Date Status
Rupiah) Exchange
Shelf Registered Bonds IV Bank Maybank Indonesia Tranche I Year 2022
Series A 400,000 3.80% 370 hari idAAA 8 July 2022 11 July 2022 18 July 2023 Paid
(Pefindo)
Series B 300,000 6.25% 3 idAAA 8 July 2022 11 July 2022 8 July 2025 Not Paid Off
(Pefindo)
Series C 300,000 6.80% 5 idAAA 8 July 2022 11 July 2022 8 July 2027 Not Paid Off
(Pefindo)
Shelf Registered Bonds III Bank Maybank Indonesia Tranche I Year 2019
Series C 68,000 8.70% 5 idAAA 3 July 2019 4 July 2019 3 July 2024 Paid
(Pefindo)
Shelf Registered Bonds II Bank Maybank Indonesia Tranche III Year 2018
Series C 75,000 8.80% 5 idAAA 26 October 29 October 26 October Paid
(Pefindo) 2018 2018 2023
Shelf Registered Bonds II Bank Maybank 645,500 7.15% 5 idAAA 15 March 16 March 15 March Paid
Indonesia Tranche II Year 2018 (Pefindo) 2018 2018 2023
Shelf Registered Bonds II Bank Maybank Indonesia Tranche I Year 2017
Series B 300,000 8.50% 7 idAAA 11 July 2017 12 July 2017 11 July 2024 Paid
(Pefindo)
Series C 100,000 8.65% 10 idAAA 11 July 2017 12 July 2017 11 July 2027 Not Paid Off
(Pefindo)
Shelf Registered Subordinated Bonds 800,000 9.625% 7 idAA 10 June 2016 13 June 2016 10 June 2023 Paid
II Bank Maybank Indonesia Tranche II (Pefindo) dan
Year 2016 AA(idn) (Fitch)
2024 Annual Report PT Bank Maybank Indonesia Tbk 33
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Corporate
Ratings
No Rating Agencies Rating Date Criteria Rating
1 PEFINDO March 2025 Corporate Rating idAAA, Stable Outlook
Shelf Registered Bond IV/2022 idAAA
Shelf Registered Bond II/2017 idAAA
34 2024 Annual Report
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2024 Annual Report PT Bank Maybank Indonesia Tbk 35
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Event
Highlights in 2024
16-18 The Sales & Service Summit Award 2024 (SSSA
January 2024) carried “Employees Are The Greatest
Assets” as the theme and aims to encourage
Maybank Indonesia employees to undergo a total transformation,
encompassing behaviour, mindset, and
Organises Sales & Service analytical approaches. SSSA is anticipated to
Summit Award cultivate a fresh perspective among employees.
25
30
January
January
Maybank Indonesia Maybank Indonesia Launches
Announces Maybank Tabungan Emas Pegadaian in M2U
Marathon 2024 ID App
Maybank Indonesia announced that the World Maybank Indonesia held a press conference
Athletics’ Elite Label Road Race, Maybank to introduce the Tabungan Emas Pegadaian in
Marathon, will be held on 25 August 2024 at collaboration with PT Pegadaian through the M2U
Bali United Training Center, Gianyar Bali. The ID App. This innovation aims to enrich Maybank
announcement was conveyed through a press Indonesia’s array of digital products and demonstrate
conference attended by the media and partners. its ongoing commitment to provide convenience and
comfort for customers, including the ability to invest
securely at any time and anywhere.
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22 Maybank Indonesia UUS
March Cooperates with PP
Muhammadiyah to Develop
Maybank Indonesia Supports II Halal Ecosystem
Festino Event in 2024 Maybank Indonesia through its Shariah Business
Maybank Indonesia is collaborating with Il Unit (UUS), signed a strategic cooperation
Festino to organise a cycling race with title agreement with one of the largest Islamic
event sponsorship as Maybank Cycling Series da’wah organisations in Indonesia, Pimpinan
Il Festino 2024 in Yogyakarta on May 5, 2024. Pusat (PP) Muhammadiyah in Yogyakarta. UUS
Maybank Cycling Series Il Festino 2024 will be Maybank Indonesia will provide shariah-based
held on a new route with more beautiful and financial solutions for PP Muhammadiyah and
challenging scenery in Yogyakarta. its ecosystem.
2
May
1 Maybank Indonesia held AGMS with nine approved
agendas, which includes approval of the consolidated
April financial statements, the use of net profit, and the
distribution of dividends to shareholders. In addition,
Annual General the shareholders also approved changes to the
composition of the Bank’s Board of Commissioners,
Meeting of Directors, and Shariah Supervisory Board.
Shareholders (AGMS)
2024 Annual Report PT Bank Maybank Indonesia Tbk 37
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18
May
The Launch of Maybank Manchester United
Credit Card
Maybank Indonesia expanded its co-brand credit card by launching
Maybank Manchester United Credit Card. The unveiling ceremony
was held attended by Chairman Maybank Group Tan Sri Dato’ Sri Ir.
Maybank Cycling Series Il Zamzamzairani Mohd Isa, President & Group CEO Maybank Dato’
Khairussaleh Ramli, Community Financial Services Director dan
Festino Acting President Director Maybank Indonesia Steffano Ridwan,
Maybank Cycling Series Il Festino was held Country Manager of Visa Indonesia Vira Widiyasari at Plenary Hall,
in Yogyakarta and attended by hundreds Jakarta Convention Center. Maybank Holds Its
of cyclists from within and outside the Annual Marathon,
country such as Australia, Singapore, Marking Event’s
Thailand, and several other countries.
Carrying the mission of Humanising 13th Year
Financial Services, Maybank Indonesia
took part in a bicycling event which
prioritised best quality and standards of
implementation as this is in line with the
Bank’s commitment to deliver experience
that differentiate Maybank Indonesia from
the competition.
23-25
August
28
May
5 The first and only elite road
race in Indonesia, the Maybank
May Marathon, hosted by Maybank
Indonesia, took place in new
venue, Bali United Training
Center. Runners gathered from
57 countries, meeting at the
Maybank Indonesia Signs start line to reach personal best
Agreement with PT Sarana in their respective categories.
Multigriya Finansial The starting and finish lines
were located at the Bali United
(Persero) Training Center Gianyar. The
PT Sarana Multigriya Finansial (Persero) Marathon started at 4:30 a.m.,
(SMF) and Maybank Indonesia held the followed by the Half Marathon
signing ceremony of the Uncommitted at 5:30 a.m. and the 10K at 6 a.m.
Facility Line agreement at Grha SMF, The Wheelchair category began
Jakarta. This collaboration between at 6:15 a.m. This year, Maybank
SMF and Maybank Indonesia has a total Marathon offered a total
transaction value of Rp4 trillion. prize more than Rp2.4 billion
(US$156,456) for 83 winners.
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6
September
Maybank Indonesia Named as
Fortune 100 Indonesia's Biggest
Company
Maybank Indonesia has been named "Fortune 100
Indonesia's Biggest Company in 2024" by Fortune
Indonesia Magazine, recognising the company’s
innovation, dedication, and strong vision.
12
September
Maybank Marathon Appreciation Night
To celebrate the Maybank Marathon Bali (MMB) 2024 event’s
success, Maybank Indonesia handed a token of appreciation to all
parties supporting this event. There were four lucky MMB 2024
participants selected to take part in the Boston Marathon 2025.
19
September
Maybank Indonesia and Batumbu
Agreement Signing
Maybank Indonesia signed a strategic cooperation agreement with
PT Berdayakan Usaha Indonesia (“Batumbu”) for loan channeling to
SMEs of Batumbu’s clients worth Rp1 trillion; the loan channeling
was of Maybank Indonesia’s effort to extend financing and promote
the growth of local SMEs.
2024 Annual Report PT Bank Maybank Indonesia Tbk 39
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23
October
Maybank Indonesia
Collaborates with
Allianz Syariah
Maybank Indonesia in collaboration
with Allianz Syariah launched
MyProtection Waris Syariah, a
traditional shariah-based life insurance
product. The product was specially
27
designed for Maybank Indonesia
customers who have maximum self-
protection needs, accompanied by
September optimal cash benefits. The presence of
Maybank Indonesia held an Extraordinary General MyProtection Waris Syariah provided
Meeting of Shareholders (EGMS). The EGMS option for Maybank Indonesia
Extraordinary
approved the appointment of new members of the customers in designing future financial
General Meeting of Board of Commissioners, Board of Directors, and targets, especially for the next
Shareholders (EGMS) Shariah Supervisory Board of Maybank Indonesia. generation of customers.
Maybank Indonesia-
Sarana Multi
Infrastruktur Sign
Financing Facility
Agreement 22
November
23
PT Bank Maybank Indonesia Tbk and
PT Sarana Multi Infrastruktur signed
IB Mudharabah recurring promissory
November financing facility agreement and
recurring promissory loans worth of
Rp2 trillion. The signing ceremony
held by Head of Financial Institution Maybank Indonesia Handed
Group Maybank Indonesia, Golfina
Kusmarningrum and Director Sarana
Over Scholarship of ‘Maybank
Multi Infrastruktur, Aradita Priyanti Beasiswa Prestasi 2024’
accompanied by Syariah Director PT Bank Maybank Indonesia Tbk (Maybank
Maybank Indonesia, Romy Buchari and Indonesia) handed over the “Maybank Beasiswa
Sarana Multi Infrastruktur Director Prestasi 2024” scholarship to 700 Elementary,
Sylvi J. Gani. High School, and university students, worth
Rp2.7 billion in total. The scholarship was given
to children of Maybank Indonesia employees
from all regions of Indonesia. Maybank
Indonesia has held the Maybank Beasiswa
Prestasi Program annually since 2011. In 2023,
the scholarship was also given to 700 students.
40 2024 Annual Report
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29 4
November
December
Maybank Indonesia & Allianz Life
Launch Ambulance Waqf Program Maybank Indonesia Participated
as Official Bank Partner in
Allianz Life Syariah Indonesia, Maybank Indonesia, and
Dompet Dhuafa hold collaboration of goodness through Manufacturing Indonesia 2024
the Ambulance Joint Waqf program to Dompet Dhuafa. The largest manufacturing industry exhibition in
This program is a special initiative to invite customers to Southeast Asia, Manufacturing Indonesia 2024,
share goodness through joint ambulance waqf with the officially opened on Wednesday (4/12) at the
purchase of shariah-based insurance products, namely Jakarta International Expo Kemayoran. Organised
MyProtection Bijak II, MyProtection RENCANA Syariah, by PT Pamerindo Indonesia, the exhibition adopts
and MyProtection Waris Syariah, launched by Allianz the theme “35 Years of Innovation - Driving the
Syariah together with Maybank Indonesia. Future of Manufacturing” and features over 1,300
exhibitors from 32 countries/regions. PT Bank
Maybank Indonesia Tbk, as the Official Bank Partner
of Manufacturing Indonesia 2024, reaffirmed
its commitment to providing technology-based
financial solutions to support SME growth in the
manufacturing sector.
23
December
Maybank Indonesia
Disburses Executing
4 Loan to Akulaku
Digital technology-based financing
December
company PT Akulaku Finance
Indonesia (AFI) signed separate
Maybank Indonesia Releases New executive funding agreements with
Features, Facilitates Investment three leading banks, namely PT Bank
Maybank Indonesia Tbk, PT Artha
in SBN on The Secondary Market Graha Internasional Tbk, and PT Bank
KEB Hana Indonesia. The funding
PT Bank Maybank Indonesia Tbk launched a feature
obtained from the three separate
to purchase government securities (SBN) in the
agreements reached a total of Rp600
secondary market through its mobile banking
billion. The funding support from the
application, the M2U ID App. This step was in line
three banking institutions allows PT
with its commitment to continue providing secure,
Akulaku Finance Indonesia (AFI) to
affordable, and inclusive financial solutions. Through
obtain stronger funding access to
the M2U ID App, SBN investment on the secondary
increase financing capacity for the
market can now be accessed by more people,
community, especially in serving more
including retail investors looking for flexibility
users who access digital financing
and optimal investment. Investing in SBN on the
services.
secondary market via the M2U ID App provides
various attractive benefits for investors.
2024 Annual Report PT Bank Maybank Indonesia Tbk 41
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Maybank
Sustainability Day 2024
42 2024 Annual Report
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2024 Annual Report PT Bank Maybank Indonesia Tbk 43
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Awards and
Certifications
7th Infobank Satisfaction, Loyalty, and 13th Infobank – Isentia Digital Brand Gold Category Corporate Emission
Engagement 2024 oleh Infobank dan Recognition 2024 Transparency Award at the “Best Corporate
Marketing Research Indonesia (MRI) • The 2nd Highest Digital Index/Vehicle Loan Transparency and Emission Reduction 2024”
• The Most Satisfying KMBI Bank in Mobile Conventional Bank held by Investortrust.id in collaboration
Banking • The Best/Conventional Bank/KBMI 3/Asset with Bumi Global Karbon Foundation (BGK
• The Best KBMI 3 Bank in Marketing Class Rp150 < Rp200 Triliun Foundation)
Engagement • The Best/Debit Card Conventional Bank/
• The 2nd Best KBMI 3 Bank in Brand KBMI 3/Asset Class Rp150 < Rp200 Triliun
Interactivity • The Best/Vehicle Loan Conventional Bank/ Best Companies to Work for in Indonesia
• The 2nd Best KBMI 3 Bank in Customer KBMI 3/Asset Class Rp150 < Rp200 Triliun by HR Asia
Engagement • The Best/Internet Banking Conventional for nine consecutive years
• The 2nd Best KBMI 3 Bank in Customer Bank/ KBMI 3/Asset Class Rp150 < Rp200
Satisfaction Triliun
• The 3rd Most Satisfying KBMI 3 Bank in • The Best/Mobile Banking Conventional
Branch Office Bank/ KBMI 3/Asset Class Rp150 < Rp200 The Winner of 5th Indonesia Top Awards
• The 3rd Most Satisfying KBMI 3 Bank in ATM Triliun 2024 in KMBI 3 Category
Service • The 2nd Best/Credit Card Conventional held by The Iconomics
• The 2nd Best KBMI 3 Bank in Customer Bank/ KBMI 3/Asset Class Rp150 < Rp200
Loyalty Triliun
• The 2nd Best/Deposit Conventional Bank/ “Wealth Management Platform of The Year
KBMI 3/Asset Class Rp150 < Rp200 Triliun – Indonesia”
• The 2nd Best/Savings Account Conventional at the Asian Banking & Finance Retail
Bank/ KBMI 3/Asset Class Rp150 < Rp200 Banking Awards 2024
Triliun
44 2024 Annual Report
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Overall HREA Winner Human Capital on Resilience Excellence Best Islamic Project Finance Deal – PT PLN
at the HR Excellence Awards 2024 by Human Award (HCREA) 2024 Batam Rp588 Billion (IMBT)
Resources Online, and held by First Indonesia Magazine at the The Asset Triple A Islamic Finance
Gold recognition for: • The Best Leadership in Human Capital Awards
• Excellence in AI-Powered HR Solutions Development
• Excellence in Cross-Generational Workforce • The Most Resilience Company 2024
Engagement • The Best Employee Value & Performance The Most Transaction Growth in Digital
• Excellence in Employee Volunteerism • The Best Company of Culture & Employee Channels
• Excellence in HR Communication Strategy Experience at the ATM Bersama Award 2024
• Excellence in Hybrid Working • The Best Career Development Program held by PT Artajasa Pembayaran Elektronis
• Excellence in In-House Talent Pipeline (Artajasa)
Strategy
• Best HR Team (MNC) ‘Fortune 100 Indonesia’s Biggest Company
in 2024’ Best Disclosure and Transparency
Silver recognition for: by Fortune Magazine Indonesia
• Excellence in Graduate Recruitment and and Top 50 Emiten BigCap
Development at the the 15th IICD CG Conference and Award
• Excellence in Talent Acquisition held by the Indonesian Institute for
• Excellence in Total Rewards Strategy Jawa Pos Most Popular Brand of the Year Corporate Directorship (IICD)
2024
in Financial (Shariah Banking) Category
2024 World’s Best Consumer Digital Bank Gold Star Award
Awards in Asia-Pacific in Medium Cap Category at the Investortrust
by Global Finance Indonesia Product Experience of the Year ESG Awards 2024
award in the ‘SME Banking’
category at The Asian Experience Awards
2024 TIME World’s Best Companies 2024 Award –
presented by Maybank Group
the Asian Business Review • Ranked 103rd out of 1000 companies across
the globe
• Highest sustainability score for a bank
across Asia
2024 Annual Report PT Bank Maybank Indonesia Tbk 45
Page 48
The Leadership Townhall Meeting exemplifies the ‘One Team, One Direction, New Energy’ spirit by demonstrating collaboration and bonds between leaders and employees in achieving sustainable growth and the Company’s vision.
Page 49
46 Report of the Board of Commissioners
56 Report of the Board of Directors
70 Report from the Shariah Supervisory Board
72 Statements of Accountability for
2024 Annual Report by the Board of Commissioners of
PT Bank Maybank Indonesia Tbk
73 Statements of Accountability for
2024 Annual Report by the Board of Directors of
PT Bank Maybank Indonesia Tbk
Management
Report
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
48 2024 Annual Report
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Board of
Commissioners’ Report
We saw how the implementation of Strategic Programs (SP) 7,
which continued to embed M25+ as Strategic Thrusts in the
strategic plan, has driven the bank business towards a more
collaborative model.
Dato’ Khairussaleh Ramli
President Commissioner
Dear Shareholders and Stakeholders,
Throughout 2024, we, the Board of Commissioners, worked collaborative model. We saw the fruit of the Board’s labour as
in our capacity to oversee the Board of Directors, including the Bank registered an annualised increase of 9.9% in interest
overseeing the execution of the Bank’s Business Plan (RBB) and income and shariah income, driven by higher loan average
its Sustainable Finance Action Plan (RAKB). We also watched balance and better earning assets composition. However, the
over the formulation and execution of strategies and policies high rate-induced soaring expenses put pressure on Net Interest
by the Board of Directors to ensure that Maybank Indonesia Income (NII), which fell by 1.8%. Net Interest Margin (NIM) was
remained on the right track. down 59 bps to 4.37%.
2024 was an equally challenging year for all of us here as we Fee-based income was recorded to have increased to Rp2.2
worked closely with the Board of Directors and all Maybankers trillion, up 5.8% compared to the previous year. This positive
to overcome business dynamics and complexity in many aspects. growth is driven by a nearly doubled fee income from asset
Despite all that we saw occurring, Maybank Indonesia delivered recovery, as well as contributions from the subsidiary’s two-
fairly strongly on its management’s collective efforts, further wheeler financing and Premier banking (Wealth Management)
marking its sustainably resilient business model. fees, offsetting the decline in Global Market transaction fees.
Total loans disbursed increased by 10.0% to Rp127.6 trillion from
Board of Directors’ Performance Rp116.0 trillion in the previous year. Non-retail and retail loans
Assessment under the Community Financial Services (CFS) business unit grew
In our assessment, we thought that the Board of Directors by 11.6% to reach Rp82.9 trillion from Rp74.3 trillion.
performed well this year, as reflected in the Bank’s sustained
performance in finances, among others through 14.8% assets Furthermore, we concluded the year 2024 with a promising
growth to reach Rp197.2 trillion, despite global and domestic outlook, marked by improvement and upward trend in Profit
macroeconomic challenges and tight banking liquidity before Tax (PBT), especially in the last three quarters, driven by
conditions. Further proof were the terrific results of the Key healthy loan growth across the Bank’s key segments, in line with
Performance Indicators (KPI) set for them early in the year. the M25+ strategy implementation. In fourth quarter of 2024,
the Bank’s PBT was recorded at Rp755 billion, up 34.5% from third
We saw how the implementation of Strategic Programs (SP) quarter of 2024 at Rp562 billion. This strong result was further
7, which continued to embed M25+ as Strategic Thrusts in the reflected in the PBT fourth quarter of 2024, which increased by
strategic plan, has driven the bank business towards a more 8.1% from Rp699 billion posted in fourth quarter of 2023.
2024 Annual Report PT Bank Maybank Indonesia Tbk 49
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Knowing all the challenges of the digital era, we’ve remained Oversight of the Bank Strategy and Policy
consistent in exercising a strict oversight role over data security Formulation and Execution
policies and execution. We always ensure that Maybank We did a range of activities in our supervisory duties and
Indonesia’s customer data protection system and information accountability to see if the Bank’s management remained
technology infrastructure run at the highest standards. We consistent with its Articles of Association; this involved
have manifested our oversight through routine evaluations and overseeing strategy and policy formulation and execution.
periodic audits as we assumed a rigorous role in overseeing the We did that for the entire oversight process cycle, from initial
implementation of cybersecurity policies, ensuring regulatory formulation to execution.
compliance, and adopting the latest technology to protect
customer data from any potential threats. We spent the entire 2024 watching over how the Bank’s new
Strategic Programs (SP) 7: ‘Uplift Indonesia’ which is integrated
We are encouraging every Maybanker to continue to live our with the Maybank Group’s M25+ strategy, was implemented
agile, customer-driven way of working, empowering teams to here in the country. By positioning Indonesia as one of the main
make decisions and encouraging collaboration. A special mention markets for the Maybank Group, Maybank Indonesia receives full
should be given to the Board of Directors for their fruitful effort support to realise Maybank Indonesia’s aspirations, especially in
to strengthen Maybank Indonesia’s position as one of the leading strengthening the Bank’s position in the coming years.
banks in Indonesia with regional and international networks of
its holding, the Maybank Group. We oversee and provide all the necessary support, advice, and
recommendations for the formulation and execution of SP7:
Let us also give a special mention here that in 2024, Maybank Uplift Indonesia, an initiative designed to keep the Bank relevant
Group was named TIME’s World’s Best Companies for two and competitive in a dynamic market. This strategic program
consecutive years, ranked 103rd out of 1.000 companies across should strengthen our business sustainability measures and
the globe while top-ranked in Malaysia. Maybank was also ranked generate greater contributions, especially in supporting the
1st in Malaysia and ranked 17th in FORTUNE’s Southeast Asia 500 development of MSMEs and the acceleration of Shariah-based
2024 list and was named one of the World’s Best Banks in the businesses in Indonesia.
FORBES 2024 Global 2000 list, ranked first in Malaysia.
We’ve done even more than just overseeing the Bank’s strategy,
Following in the footsteps of the Maybank Group, we greatly as we attended closely to sustainability aspects to assist debtors
appreciate Maybank Indonesia for the Indonesia Product and/or prospective debtors as they made a decarbonisation
Experience of the Year award it won under the ‘SME Banking transition towards sustainable practices that aligned with
category at The Asian Experience Awards 2024. This award Maybank Group’s Sustainability Commitment. The Group has
further reflects Maybank Indonesia’s success in offering a planned to mobilise RM80 billion for sustainable financing in
wide range of financial solutions for the non-retail segment, 2025.
especially for Small and Medium Enterprises (SMEs) business
actors, supported by a network of branches spread throughout Therefore, we will support every effort the Board of Directors
Indonesia and reliable data processing and analysis capabilities makes to distribute a total loan of Rp1.5 trillion to energy
(data analytics). efficiency sector under the Sustainable Business Activity
Category (KKUB) and another Rp17.1 trillion to the MSME sector.
While we celebrated our success, we remained cognisant of In 2024, the total loan distributed to KKUB reached Rp22.1
how important it is to improve areas that are vital to long-term trillion, which contributed 19.4% of the Bank’s total loans.
growth. More importantly, we want to see how the core values
of T.I.G.E.R. and workplace behaviours are lived up to among the Furthermore, we also evaluate the Bank’s financial and
Maybank Indonesia workforce. operational business performance. Overall, we also oversee the
development of digital business development and cybersecurity
capacity and capabilities, human resource development,
implementation of digital banking technology, credit strategies
that prioritise the principle of prudence, and supervision of
the implementation of risk management systems and internal
controls.
50 2024 Annual Report
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View on the Bank’s Business Prospects View on the Implementation of Bank
Prepared by the Board of Directors Governance
As we embark on 2025, we ask all Maybankers to take part in We realise that Good Corporate Governance (GCG), or what is
realising the M25+ aspirations and achieving our further goal, commonly known as corporate governance in short, is one of
which is to become a financial institution that has the biggest the key components in improving Bank performance, protecting
and most positive societal and environmental impacts. We are stakeholder interests, and increasing regulatory compliance.
optimistically calling for their participation upon learning that Fully aware of this notion, we are of the opinion that Maybank
the Board of Directors had prepared its business prospects, as Indonesia has implemented the principles and recommendations
stated under the Bank’s business and sustainable finance action stipulated in the OJK Circular Letter on Governance Guidelines
plans, after weighing all external factors and other presumptions and has been consistent in making improvements to its GCG best
that may affect the Bank’s performance in the future. practices at all levels of the organisation.
In 2025, the IMF, in its latest World Economic Outlook, edged up At Maybank Indonesia, we run GCG by referring to 3 (three)
the global growth projection to 3.3%, having observed stronger- aspects of Governance implementation: Governance Structure,
than-expected growth, especially in the United States. Overall, Governance Process, and Governance Outcome. Our
while signs of optimism are visible, we expect to see the global commitment to implementing an effective governance structure
economy in the upcoming 2025 under equally heavy challenges, and process resulted in governance outcomes that met what our
which require an exceedingly prudent set of policies and stakeholders had come to expect.
strategies to overcome.
As a result, Maybank Indonesia was able to maintain its GCG
An outlier, the domestic economy is projected to grow steadily self-assessment score individually and consolidated for the
in 2025. The government has set a growth projection of 5.2% period of December 2024 with a score of “2” or falling under the
for Indonesia in the 2025 State Budget, with inflation expected “Good” rating. The self-assessment method involves the Board
to remain under control at 2.5%. Economic growth in 2025 is of Commissioners, Board of Directors, Independent Parties,
projected to be driven by more bustling domestic activities after Executive Officers, and Independent Units. Through this self-
the new administration touts proactive economic programs assessment, we strive to improve and enhance the quality of
and policies and active participation of the private sector in GCG implementation, which can determine a follow-up plan
infrastructure development, strong and sustainable consumer that entails making all the necessary corrective actions should
growth, an increase in the SME and Small Business segments deficiencies be identified one way or the other.
that will come with government stimulus programs and social
assistance. Meanwhile, banking credit is also predicted to Frequency and Procedures for Giving
continue to experience growth at around 11.85% in 2025. Advice to The Board of Directors
Board of Commissioners hold regular meetings, as a forum where
We have learnt the trend, and as we look forward, we remain we give advice, suggestions, direction, and recommendations
confident that, with its competitive advantages, Maybank to the Board. The Meeting of the Board of Commissioners shall
Indonesia can execute the right strategies and policies and be convened periodically, at least, once within 2 (two) months
deliver even more in the future. We think that the Board of and/or shall be convened at any time if deemed necessary by the
Directors had carefully prepared the 2025 Bank’s Business Plan President Commissioner or by 2 (two) or more other members of
after “Risk Posture” as one of the key elements in strategic the Board of Commissioners or by the Meeting of Directors or at
planning was taken into account. Such careful preparation should the request of 1 (one) or more shareholder/s jointly representing
ensure that every planned business initiative aligns with the 1/10 (a tenth) of total shares with valid voting right.
Bank’s risk appetite. We opine that when preparing the RBB, the
Board of Directors also evaluated realistic growth targets, having Maybank Indonesia’s Articles of Association also stipulate that
considered market potential in various segments. the Board of Commissioners is required to hold a Board of
Commissioners Meeting together with the Board of Directors
We are optimistic that as we embark on 2025, we can keep the periodically at least once every 4 (four) months.
growth momentum we created for Maybank Indonesia in 2024
as we work to promote our new “from play not to lose, to play to
win” culture.
2024 Annual Report PT Bank Maybank Indonesia Tbk 51
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and Analysis
In addition, we can also give advice informally based on certain View on the Implementation of the
needs that require quick decisions or if there are major changes Violation Reporting System
in Bank policy to remain regulatorily compliant. We assume a very pivotal role in the implementation of
the Bank’s Whistleblowing System (WBS) with monitoring,
We optimise our supervisory function and provide advice that evaluating, and following up on alleged violations in order to
the Board may need as they manage the Bank’s business. All anticipate the exact same incident from reoccurring. We also
meetings we held in 2024 have been well documented. During play an essential role in improving existing weaknesses and
the year, we held 3 (three) joint meetings of the Board of strengthening the WBS system mechanism to make it more
Directors and 10 (ten) Board of Commissioners meetings. effective.
Performance Assessment of Our Throughout 2024, we received and followed up on 827
Supporting Committees whistleblowing reports. Of that figure, as many as 29 reports
In order to assist and support the implementation of the related to violations of the code of ethics. We have carried
duties and responsibilities of the Board of Commissioners and out comprehensive supervision and have imposed sanctions
in terms of supervising the management of the Bank by the on parties/ perpetrators who have proven to have committed
Board of Directors, the Board of Commissioners has formed violations as stipulated in the Board of Directors Regulation
committees consisting of the Audit Committee, Risk Oversight concerning Employee Disciplinary Guidance and The Collective
Committee, Nomination and Remuneration Committee and Labour Agreement (PKB), referring to the provisions and
Integrated Governance Committee. As a strategic initiative, the applicable laws and regulations.
Board of Commissioners has also formed the Whistleblowing
Governance Committee, and the Information and Technology Changes to the Composition of the Board
Oversight Committee. Through the Board of Commissioners of Commissioners
Effectiveness Evaluation assessment framework, the Board of During 2024, Maybank Indonesia made changes to the
Commissioners has assessed that these committees, and the composition of its Board of Commissioners to strengthen
Board of Commissioners assessed that the effectiveness of corporate governance and oversight functions. By bringing on
these committees in 2024 is Satisfactory in carrying out their board new members who have new expertise, experience, and
duties and responsibilities and in line with the guidelines of each perspectives, Maybank Indonesia is committed to improving
committee. its oversight quality, supporting strategic decision-making, and
ensuring regulatory compliance.
This assessment is based on the Effectiveness of the Committee
in assisting the Board of Commissioners in carrying out its Maybank Indonesia convened an Annual General Meeting of
roles and responsibilities, the Effectiveness of the Committee Shareholders (AGMS) held on April 1, 2024, which approved the
Chair in carrying out his/her roles and responsibilities and the end of term of office of Ibu Budhi Dyah Sitawati as Independent
Effectiveness of the interface in each Committee Meeting. Commissioner, Datuk Lim Hong Tat as Commissioner and Putut
Eko Bayuseno as Independent Commissioner of the Company.
Further descriptions of the implementation of the duties of each
committee can be seen in the Corporate Governance chapter in The AGMS also approved to re-appoint Datuk Lim Hong Tat
this Annual Report. as Commissioner and Putut Eko Bayuseno as the Independent
Commissioner of the Company. The AGMS appointed Marina R.
Tusin as the Company’s Independent Commissioner.
The Company hereby expresses its highest appreciation and
gratitude for the thoughts, hard work, and services of Budhi Dyah
Sitawati for the progress of the Company.
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Later, in its Extraordinary General Meeting of Shareholders Through this opportunity, we would like to thank Achjar Iljas
(EGMS) held on September 27, 2024, the Bank also agreed to for his contribution and dedication over the last decade as the
appoint Daniel James Rompas as the Company’s Independent Bank’s Independent Commissioner that has brought progress and
Commissioner. success to Maybank Indonesia.
Thus, the incumbent composition of the Board of Commissioners On behalf of the Board of Commissioners, we would like to
of Maybank Indonesia is as follows: express our sincere gratitude to the Board of Directors and
• Dato’ Khairussaleh Ramli as President Commissioner Maybankers who have poured their thoughts, dedication, hard
• Edwin Gerungan as Commissioner work, and intelligence into maintaining the Bank’s performance
• Datuk Lim Hong Tat as Commissioner in 2024. Indeed, it is your unwavering commitment that has
• Dato’ Zulkiflee Abbas Abdul Hamid as Commissioner made Maybank Indonesia the extraordinary organisation it is
• Achjar Iljas as Independent Commissioner today. Thank you for all that you have shown this year.
• Hendar as Independent Commissioner
• Putut Eko Bayuseno as Independent Commissioner We would also like to extend our deepest gratitude to all of
• Marina R. Tusin as Independent Commissioner our customers, shareholders, and other stakeholders for their
• Daniel James Rompas as Independent Commissioner* continued trust in us. The same appreciation also goes to
our business partners, and we hope that we can continue the
*) The appointment of Daniel James Rompas as Independent Commissioner of the
Company takes effect as of 3 January 2025 as per approval from the relevant Regulator. cooperation that we together established this year far into the
future.
Appreciation and Closing We will continue to support the Board of Directors in seeking
As a closing remark, allow us to reflect on what an eventful and improvements in all main business lines and will focus on
meaningful year 2024 was for all of us at Maybank Indonesia. overseeing the implementation of the Bank’s various strategies.
While the year brought so many challenges, it was also a year Finally, we are confident that Maybank Indonesia will continue to
of extraordinary growth, resilience, and accomplishments. provide added value through its sustainable performance in the
Together, we celebrated the Bank’s achievements, advanced the future.
M25+ corporate strategy, deepened agile working methods, and
realised our shared commitment to sustainability.
Jakarta, March 2025
On Behalf of the Board of Commissioners
PT Bank Maybank Indonesia Tbk
Dato’ Khairussaleh Ramli
President Commissioner
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Main Highlights Management Report Company Profile Management Discussion
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Board of Commissioners
Edwin Gerungan Marina R Tusin Hendar Daniel James Rompas Dato’ Khairussaleh Ramli
Commissioner Independent Independent Independent President Commissioner
Commissioner Commissioner Commissioner
54 2024 Annual Report
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Governance Responsibility
Dato’ Zulkiflee Abbas Achjar Iljas Datuk Lim Hong Tat Putut Eko Bayuseno
Abdul Hamid Independent Commissioner Independent
Commissioner Commissioner Commissioner
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
56 2024 Annual Report
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Board of
Directors’ Report
The M25+ transformation strategy objective is to keep the entire
organisation customer-driven and make it more competitive while
creating differentiation in the market through a more aligned approach
with the Bank’s Humanising Financial Services mission.
Steffano Ridwan
President Director
Dear Shareholders and Stakeholders,
Let us all first use this fine occasion to express our gratitude for We expect the global dynamics to remain deterring factors for
the bounties and grace of God the Almighty that have enabled the nation’s economy in the future, with risks likely to come as
us to overcome the many challenges we encountered over the high commodity price volatility, a possible reintroduction of a
course of 2024. high-rate regime, global supply chain disruptions, and climate
change-induced vulnerability in food and energy security. Such a
What we delivered this year was attributable to our collective likely occurrence offers a weaker global economic outlook with
effort to bolster the ‘One-Maybank’ spirit as we worked to growths of only 3.2% in both 2024 and 2025.
build more solid collaboration amongst Divisions, Work Units,
Directorates, and Subsidiaries (WOM Finance and Maybank
Finance), with a scheme to make it even more solid with At the end of 2024, Indonesia’s economy remained in fine fettle
Maybank Sekuritas, Maybank Asset Management, and Etiqa amidst growing uncertainty and various global challenges
Indonesia. Collaboration enables us to overcome the increasingly such as geo-economic fragmentation, geopolitical tensions,
complex business dynamics while keeping growth momentum, as and the global economic growth that was projected to remain
we did in 2024. sluggish. Indonesia’s economic growth grew by 5.03% in 2024,
slightly slowing from 5.05% in the previous year. Growth was
Macro Economic and Banking Industry observed across all expenditure components, mainly achieved
Review In 2024 by the Exports of Goods and Services. Other driving factors
The global economy saw a widening growth divergence and of Indonesia’s annual economic growth were strong domestic
persistent uncertainty in financial markets. The United States demand, prudent monetary policy, and significant contributions
(US) economy grew more substantially than expected, driven from commodity exports. Indonesia’s inflation rate at the end of
by pro-domestic fiscal stimulus packages and more significant 2024 was recorded at 1.57% annually.
technological investments to boost productivity. Quite the
opposite, the economies of Europe, China, and Japan were
still doing poorly as consumer confidence there weakened
and productivity regressed, while India had to see drags in its
economy due to a deterred manufacturing sector.
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This achievement was buoyed by the government’s policy to Bank Performance Analysis 2024
control the prices of subsidised energy and national food and
Bank Indonesia’s (BI) policy to prevent imported inflation from Strategy Execution and Strategic Policies
increasing further. Both BI and the Government continued to Maybank Indonesia has undertaken various initiatives to cement
direct their proactive policies that focus on price stability and its position as one of the key players in the Indonesian market
inflation control towards maintaining people’s purchasing power by executing the M25+ transformation strategy. The strategy’s
through price stability and social protection programs. objective is to keep the entire organisation customer-driven
and make it more competitive while creating differentiation in
Bank Indonesia decided to pause the BI-Rate at 6.00% the market through a more aligned approach with the Bank’s
approaching year-end, the Deposit Facility interest rate at 5.25%, Humanising Financial Services mission. A particular initiative
and the Lending Facility interest rate at 6.75%. The decision was the SP7: Uplift Indonesia, which was designed to keep
was consistent with the direction of monetary policy to ensure Maybank relevant to and competitive in a dynamic market. This
that inflation remained under control within the target and to initiative has seven main categories (SP7): Economic Value,
support sustainable economic growth. The BI-Rate policy was Customer Centricity, Bionic Workforce, Ecosystem & Beyond
also supported by foreign exchange market intervention, a pro- Banking, Regionalisation, MyImpact, and Agile. Implementing
market monetary operations strategy, and adequate foreign this initiative enables Maybank Indonesia not only to meet the
exchange reserves. The monetary policy became more effective growing needs of its customers but also to supply them with a
with a pro-market monetary operations strategy through constant stream of the best banking products and services, which
optimised fiscal instruments such as Bank Indonesia Rupiah will eventually drive the Bank’s sustainable growth far into the
Securities (SRBI), Bank Indonesia Foreign Currency Securities future.
(SVBI), and Bank Indonesia Foreign Currency Sukuk (SUVBI) to
attract foreign portfolio inflows while deepening the money We also continued to observe how the financial industry was
market and foreign exchange market (PUVA). developing, more specifically in the banking sector, made all
the necessary adjustments to our business model, and drove
The focus of monetary policy was how to make the Rupiah our operations towards a more dynamic and increasingly
exchange rate more stable amidst global economic uncertainty competitive direction. We further shifted the Bank’s current
due to the US policy’s new direction and escalated geopolitical strategic focus from previously a product-centred to a segment-
tensions in some parts of the world. Despite such downward centred approach, especially the Large Local Corporate (LLC),
pressure on exchange rates, which caused the rupiah to Retail Small Medium Enterprise (RSME), SME+, and auto loan
depreciate 4.16% from the previous year’s corresponding figure, segments through the Bank’s subsidiaries, namely WOM Finance
the pressure appeared quite under control. and Maybank Finance. We have chosen this approach since
market share analysis has become increasingly essential in the
The stability of the financial system was manageably controlled Bank’s business reviews over the past several years. We have just
with high and inclusive intermediation, sustained by stronger recently conducted a review of the retail and non-retail segments
capital and a lower risk of non-performing loans. Bank Indonesia up to the levels of regional and even branch offices. The approach
noted that in December 2024, the banking AL/DPK ratio and should allow leaders in each branch/region to decide which of
LDR were recorded at 25.59% and 88.57%, respectively. Loose the identified potential market targets are achievable.
banking liquidity conditions then continuously pushed strong
credit growth, corresponding to banks’ intention to distribute For us to deliver sustainable business growth, we’ve been
credit and liquidity incentives through the central bank’s perseverant in our managing credit growth as we remained
Macroprudential Liquidity Incentive Policy (KLM) package. consistent in applying the principles of prudence and focused
on healthy credit growth through an efficient capital utilisation
Bank Indonesia noted that as of December 2024, credit growth strategy with RRWA (Return on Risk Weighted Assets) carefully
had reached 10.39% with the following details: working capital taken into account. What we did next was to have the Bank
credit grew by 8.35%, consumer credit by 10.61%, and investment participate in supporting the government, where we directed
credit by 13.62%. Shariah financing and MSME credit also credit growth to some of the priority sectors, including the
expanded by 9.87% and 3.37%, respectively. rapidly growing MSME segment. The Bank will continue to
develop digital banking services to provide relevant and
As demand keeps growing, we expect some further increases innovative services to customers, both individuals through
in credit growth in 2025. Such a highly optimistic projection M2U and corporates with M2E, which aims to make Maybank
on banking growth corresponds to the increasingly strong Indonesia the Bank of Choice.
domestic demand due to the onset of BI’s low-rate regime and
the government’s fiscal stimulus packages, such as tax relief
for property purchases, green vehicles, and social assistance
programs for the needy, including free nutritious meals.
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The implementation of strategic steps that aligned and Role of the Board of Directors in Formulating Strategic
comprehensive in the Global Banking segment and the CFS Strategies and Policies
Banking segment as well as in the development of quality human It is our responsibility to review, monitor, and oversee the Bank’s
resources, future-ready skills, and the provision of adequate strategy execution throughout the process cycle. We play an
infrastructure are absolute foundations needed to support the important role in devising the Bank’s strategies and policies
Bank’s achievement of a focus on community-based “Humanising according to the mandates bestowed upon us under the Board of
Financial Services.” Directors Charter.
In implementing the Bank’s Business Plan, the Bank also aligns The next important thing we do is ensure the devised strategies
various business achievement efforts with the Company’s culture and policies are properly executed across all levels of the Bank’s
or the TIGER Values as we call them, which consist of “Teamwork, organisation. In our key tasks and roles, devising strategies
Integrity, Growth, Excellence & Efficiency, and Relationship entails analysing the Company’s internal and external situations
Building.” The Bank’s Corporate Values are focused on mobilising to better understand the business environment and all of its
human resources to deliver better service to customers and challenges therein and setting the Bank’s strategic objectives
increase the effectiveness of the Bank’s overall performance. that serve as the basis for formulating the Bank’s strategies and
strategic policies.
Pertaining to POJK No. 12 of 2023 concerning Shariah Business
Units, which governs the Spin-Off Plan of the Shariah iB Unit into During 2024, we implemented the Bank’s M25+ strategy with
the Shariah Business Entity, and POJK No. 30 of 2024 concerning the SP7: Uplift Indonesia initiative, which focused on 7 main
Financial Conglomerates and Financial Conglomerate Holding categories. The M25+ strategy should answer the various needs
Companies, the Bank embraces its commitment to regulatory of Maybank’s business network to keep it not only relevant but
compliance. The Bank has just recently set up a task force to fulfil also customer-driven, as we provide the customers with access
the matters specified in the POJK. It is the Bank’s commitment to comprehensive and wide-reaching financial solutions and
to do all necessary things to fulfil the referred provisions and services.
regulations by having prior discussions and requesting approval
from the OJK & all relevant Regulators. Processes Carried Out by the Board of Directors for the
Implementation of Strategic Strategies and Policies
For the various strategic initiatives achieved, Maybank Indonesia To ensure the effective execution of the Bank’s strategies and
garnered recognition and appreciation in 2024 from external policies, we back them up with initiatives, action plans, and
parties. The Bank has won various awards this year, including achievable goals, as stated in the Bank’s Business Plan and
Wealth Management Platform of the Year - Indonesia at the Sustainable Finance Action Plan. Both documents are prepared
2024 Asian Banking & Finance Retail Banking Awards, and Best for no other purpose than to ensure the execution of the Bank’s
Consumer Digital Banks in Asia-Pacific by Global Finance, as well strategic strategies and policies remains on the right track.
as Indonesia Product Experience of the Year - SME Banking at
The Asian Experience Awards 2024. 2024 Performance Achievements
Despite the many challenges it had to contend with, Maybank
Through this Annual Report, we would like to emphasise that by Indonesia delivered fairly strongly in terms of growth, driven by
implementing the M25+ strategy, we are not only adapting to strategies that became the Bank’s key focuses, such as the LLC
changes but also seeking to create new opportunities to provide segment as the mainstay of our Global Banking business. Other
more value to customers, communities, and stakeholders. business growth was also reflected in various key indicators’
achievements, both in terms of more extensive credit distribution
As One Team One Direction New Energy, we will continue to and healthily maintained asset quality.
ignite new enthusiasm in every step of the business. We are
exerting this effort to bring sustainable innovations, strengthen Total loans distributed increased by 10.0% to Rp127.6 trillion
synergies, and encourage inclusive and sustainable growth for from Rp116.0 trillion in the previous year, driven by growth in
Maybank Indonesia. all segments, especially increased financing in the Community
Financial Services (CFS) segment that showed constant increase
in contribution to the Bank’s credit growth, growing by 11.6%
to Rp82.9 trillion from Rp74.3 trillion in the previous year’s
corresponding period.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
The CFS Non-Retail segment consistently continued to The Bank’s liquidity position is at a healthy and maintained level
contribute to the Bank’s loans growth and recorded a 19.7% with an LDR ratio (Bank only) at 89.84%, a liquidity coverage
growth to Rp36.9 trillion, supported by Business Banking, ratio (LCR - Bank only) of 188.97%, and a net stable funding
which grew by 25.0% to Rp14.8 trillion, and SME+, which grew ratio (NSFR) of 109.77%. Both the LCR and NSFR ratios are well-
by 22.4% to Rp6.3 trillion, and RSME, which grew by 14.1% to managed and above the minimum regulatory requirement.
Rp15.8 trillion. This growth was the result of the Bank’s steps in
increasing productivity across all business lines, accelerating the We also noted that customer deposits grew by 3.0%, supported
availability of banking solutions for customers, and increasing by low-cost funds (CASA), which grew by 6.6% from 10.8%
the strength of the ‘One Maybank’ collaboration. growth in current accounts and 0.3% growth in savings. In line
with the Bank’s strategy to increase low-cost funding, time
The CFS Retail segment managed to grow by 5.8% to Rp46.0 deposits were recorded to have decreased by 0.7%. The Bank’s
trillion, supported by growth in all retail credit sub-segments. funding profile remains well maintained, as reflected in the low-
The Bank’s Automotive Loan grew by 5.9%. Credit Card & cost funds ratio (CASA ratio) of 52.86%.
Personal Loans business grew 11.3% and Housing loans grew by
4.7%. In 2024, the Bank recorded a strong and sufficient Bank capital
ratio to support its business growth. The Bank’s Capital Adequacy
Global Banking grew by 7.2% to Rp44.7 trillion. Large Local Ratio (CAR) was recorded at 25.55% with total capital of Rp30.3
Corporate (LLC) segment credit grew by 65.2% in line with the trillion.
implementation of the super growth strategy in this segment,
and Financial Institution (FIG) segment experienced a 10.1% On the other hand, shariah financing through the Bank’s iB Unit
growth, which was channelled through medium-term financing (UUS) reached Rp31.7 trillion, up by 5.0% from the previous
to banking institutions and non-bank financial institutions. year, driven by commercial, SME, and four-wheeler financing.
The contribution of Shariah Financing to total credit (Bank only)
The Bank is committed to always playing an active role in reached 27.9%.
supporting the growth of the government’s priority sectors.
As of 31 December 2024, the Bank’s total macroprudential In line with the Bank’s funding strategy to maintain strong
inclusive financing credit ratio (RPIM) reached 27.0%. The liquidity with optimum low-cost funding, UUS CASA had a
Macroprudential Inclusive Financing Credit (PIM) balance was strong growth of 12.1% to Rp20.2 trillion from Rp18.1 trillion the
recorded at Rp29.0 trillion previous year. The quality of Shariah Banking assets improved
with a lower figure of 2.21% (gross) in Non-Performing Financing
We also reclassified some of our MSME debtors as non-MSMEs (NPF) from the previous position of 2.56%.
with a total of Rp2.2 trillion during the fourth quarter of 2024.
We did this after a review we had on certain debtors whose Targets Versus Achievements in 2024
businesses could no longer be classified under MSMEs and As we explained, we prepared the Bank Business Plan (RBB) by
the calculation of the RPIM Ratio. This reclassification process closely observing economic growth and the banking industry.
aligned with the Bank’s fulfilment of its commitment to the Bank We even reviewed Risk Posture and market targets and potential
Indonesia audit results in early 2024. (Market Sizing and Addressable Market) to decide on the focus
of business strategy while referencing them in preparing financial
On the other hand, the Bank has identified at least 19.4% or projections and target segments.
Rp22.1 trillion of the Bank’s loan portfolio that has met the
Environmental, Social & Governance (ESG) criteria. We continue In 2024, the Bank recorded Profit before Tax (PBT) and Net Profit
to monitor and are committed to increasing the number of (PAT) - Bank only of Rp916 billion and Rp710 billion, respectively.
portfolios so long as it is in accordance with the Bank’s risk The figures were accounted below of revised RBB targets by
appetite. 48.7% and 50.7%, respectively, largely driven by the pre-emptive
provisioning made by the Bank in first quarter of 2024.
Through oversight, monitoring, and control over loan
distribution, the Bank has succeeded in recording gross NPL Meanwhile, the Bank’s Interest Income continued to grow amidst
ratios of 2.68%, improving compared to the previous 2.92%. the increasing cost of funds. The growth in interest income was
Meanwhile, the Loan at Risk/LaR Ratio (Bank only) was recorded driven by increasing credit volume that were associated with
to improve to 8.22% from 8.94% in the previous year. improved earning assets which grew alongside increasing public
consumption and the persistently resilient Indonesian economy.
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We also recorded an increase in fee-based income from asset The rapid changes in customer and market behaviours, especially
recovery income, fee income from subsidiary’s two-wheeler in terms of the development of information and digital
financing, and Premier banking (Wealth Management) fees. technology, have created what we now call a talent gap and war.
We recorded an increase in overhead costs driven by sustained This underlies why the Bank has been developing its information
investment in IT capability and security, and ongoing key technology by implementing a core banking modernisation
initiatives delivery in line with Maybank Group M25+ strategy. process with a focus on HR competency.
The Bank’s Interest Margin Ratio (NIM - Bank only) was recorded Accelerating digital transformation is both a challenge and
at 3.34% while in the previous year it was 3.89%, and lower than a great opportunity. With the increasing adoption of digital
the revised RBB target of 3.73%. This is mainly due to cost of services by customers, Maybank Indonesia continues to develop
funds that remained high. a reliable, secure, and market-driven technology infrastructure.
To address this challenge, we have adopted an end-to-end
Challenges Encountered and How We Anticipated Straight Through Processing (STP) platform, which enables faster,
Them more accurate, and more integrated transaction processes with
In 2024, the national banking industry, including Maybank a broader financial ecosystem. In addition, we continue to invest
Indonesia, had to contend with various complex challenges in improving our cybersecurity system to protect customer data
amidst the dynamics of the global and national economy. and privacy from increasingly complex threats in this domain.
Global economy-induced uncertainties, including regression
in economic growth in some of the more developed nations, Despite all the uneasy challenges, we also spotted enormous
exchange rate volatility, and inflationary pressures, had lagged growth opportunities in 2024. The rapidly growing use of various
impacts on the banking sector. One of the main challenges we technologies in the financial services sector has brought changes
encountered was how to improve operational efficiency amidst to the banking industry and driven faster transformation towards
soaring costs due to inflation, high interest rates, and energy digital banking that made it relevant to current customer needs.
price fluctuations. To anticipate this, Maybank Indonesia had
taken some strategic steps, which involved optimising internal Three aspects drive the development of digital services for
processes and digitising operations to reduce costs without customers: growing digital transactions, digital behaviour, and
compromising the quality of service to customers. In addition, digital opportunities, which correspond to rapid internet access
we also remained cautiously observant of market conditions penetration and a larger middle-class section of Indonesian
to ensure that the Bank ran healthy portfolio management and society as a demographic bonus. The Bank sees an enormous
effective risk mitigation. opportunity in developing digital solutions and financial services
for customers, both individuals and corporations, especially small
We also still see high cost of funds during 2024 which put and medium industries (MSMEs), which generate more than 60%
pressure on margins even though Bank Indonesia has lowered of Indonesia’s GDP and represent more than 90% of all business
its benchmark interest rate (BI rate) by 25bps to 6.00% in actors. Indonesian MSMEs are expected to be able to enter the
September 2024. This is mainly due to fierce competition global supply chain with the help of technology, especially from
between banks to maintain and acquire customer deposits. The the banking sector.
Bank will continue to focus in reducing the portion of high-cost
funding and low-yielding loans to maintain better margins going Digital banking continues to be developed both for individual
forward. customers through M2U and corporate customers through
M2E. The development aims to ensure that the solutions offered
At the national level, the increasingly tight competition in the to customers are relevant to their current banking which are
financial services industry and behavioural changes as customers supported by the Bank’s complete digital ecosystem as a financial
gravitate towards digital services require rapid adaptation service gateway provider.
and continuous innovation. There is no need to explain that
the rapid technological advances today have resulted in
changes in customer behaviour patterns, prompting the Bank
to make constant adjustments if it intends to meet customers’
growing need for financial solutions. We are very aware of this
irreversible trend as we’ve seen some key challenges that need
to be managed exceptionally well, including technological
developments that require the Bank to build high standards for
the security and protection of customer data privacy, considering
that the number of cyber security attack incidents continues to
increase year after year.
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and Analysis
We are using every strength we have to continue to deliver Commitment and Implementation of
growth. The Bank optimises its position as one of the Maybank Environmental, Social, and Governance
Group’s home markets with a regional network in the ASEAN Policies
region (with Malaysia, Singapore, and Indonesia as home We take an active role in educating and assisting customers
markets) to strengthen the Bank’s business operational network. to transition to sustainable financing practices while sharing
awareness and knowledge about sustainability for Maybank
As part of its commitment to sustainability, Maybank Indonesia Indonesia employees. We also continue to implement sustainable
also encounters challenges in integrating Environmental, Social, finance across all lines of the Bank’s operations and make the
and Governance (ESG) practices into daily operations. To address Environment, Social, and Governance/ESG culture part of the
this, we are expanding our green financing portfolio, engaging Bank’s DNA.
local communities through community empowerment programs,
and continuing to raise internal awareness of the importance of Until the end of 2024, we had identified that at least 19.4% of the
sustainability in strategic decision-making. Bank’s loans portfolio met the ESG criteria. We monitored and
remained committed to increasing the number of portfolios on
With a proactive approach to existing challenges, Maybank condition that they fall under the Bank’s risk appetite.
Indonesia is optimistic that it can maintain sustainable
growth, provide added value to customers, and contribute to As we implement Maybank Indonesia’s sustainability
strengthening the Indonesian financial sector as a whole. We commitment as an essential part of the Maybank Group, we have
believe that every challenge is an opportunity to be better, more undertaken numerous initiatives that involve continuing to strive
resilient, and more relevant for the future. to increase the portfolio included in the sustainable finance
category through all segments, namely Global Banking and
Digital Banking Development CFS. We are also committed to improving the standard of living
Digital Banking has become an integral part of our overall of partners who work together and, achieving Carbon Neutral
strategy for now and long into the future. The notion is for Scope 1 and 2 emissions by 2030 and achieving a position
consistent with Maybank Indonesia’s mission, namely equivalent to Net Zero Carbon by 2050. We have continued
Humanising Financial Services where customers always come various Living Sustainability initiatives with a target of 1 million
first in our business strategy while digital serves as the main hours per year for Maybank Group employees to be actively
enabler that provides a better customer experience and improves involved in implementing sustainable finance through strategic
customer financial well-being. projects related to the Sustainable Development Goals (SDGs).
We have developed Digital Banking services with a focus on As a banking entity in Indonesia, Maybank Indonesia takes an
providing a better transaction experience and services that are active role in supporting sustainability objectives. This approach
relevant to customers’ financial and lifestyle needs, with M2U as aligns with the 8 principles of sustainable finance regulated by
the main platform for Digital Banking services. Several features the Financial Services Authority (OJK), the Indonesian Taxonomy
that the Bank has launched during 2024 include the Personal for Sustainable Finance; we have also aligned it with Maybank
Loans application feature for selected customers, a new feature Group’s ESG by focusing on community empowerment.
for investing in Government Securities (SBN) in the secondary
market to enrich investment product choices. To facilitate The implementation of ESG practices in Maybank Indonesia’s
customer transactions, the Bank has also launched the QRIS operations can be seen, among other indicators, in the many
transaction feature using funds from credit cards. activities carried out, such as the 12th Maybank Marathon Bali
2024, with more than 12,700 participants from all over the
We also continue to develop M2E digital services for customers world. We regularly run programs of social and environmental
in the business segment by adding payment features, including responsibility based on the four CR principles, namely
bill payments and other payments, to the app. Further, we run Community, Environment, Workplace, and Marketplace. We also
programs to support the acquisition and activation of M2E user carry out environmental conservation initiatives where we do
customers while socialising the app amongst our customers some carbon footprint measures through energy efficiency and
through online and offline events. the use of more environmentally friendly resources.
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Other Performance
Organisational Structure
To ensure the organisation runs with effective and efficient governance while helping to achieve the Company’s strategic objectives, we
have reorganised the organisation, which took effect on January 1, 2025. Adjustments and changes were made to structural governance
bodies, including Corporate Brand & Marketing Communication, CFS Non-Retail Credit Process, Global Banking, Digital, Corporate
Treasury Liquidity Management, GB & BB Remedial and SME & Consumer Collection, and Operations, Personal Data Protection (PDP).
This structural change is an important step to ensure Maybank Indonesia develops into a more integrated, more flexible, and more
efficient company capable of achieving its stated vision and mission. We are confident that this change will help strengthen Maybank
Indonesia’s position in facing the increasingly dynamic challenges and support the Bank’s long-term success.
Maybank Indonesia has disclosed its organisational structure in detail in the Company Profile Chapter of this Annual Report.
Main Activities and Types of Products and Services Offered
Maybank Indonesia carries out its main activities in banking services by raising and providing funds to the public and charging
competitive interest rates on the funds they use. In carrying out these main activities, Maybank Indonesia offers a variety of banking
products and services, including lending to small and medium business debtors, which have been described in the Company Profile
chapter in the discussion of Products and Services.
Interest Rates for Fund Collection and Provision
Given below are the Bank’s interest rates for collecting and distributing rupiah-denominated funds in 2024:
Prime Lending Rate Interest Rate for
Period Rupiah-Denominated
Corporation Credit Retail Credit Mortgage Non-Mortgage Funds
March 8.00% 9.00% 8.00% 8.75% 1.34% - 4.14%
June 8.15% 9.00% 8.10% 8.75% 1.32% - 4.16%
September 8.15% 9.00% 8.10% 8.75% 1.31% - 4.34%
Non MSME MSME Non-
Mortgage/
Period KPA
Mortgage/
Corporation Retail Medium Small Micro Non-KPA
December* 7.21% 8.57% 8.57% 8.57% N/A 8.53% 9.00% 1.31% - 4.56%
* The Bank made adjustments to the Prime Lending Rate (SBDK) based on the Financial Services Authority Regulation No. 13 of 2024 concerning
Transparency and Publication of Prime Lending Rates for Conventional Commercial Banks.
Office Locations, Business Partners, and Service Networks
As of December 31, 2024, Maybank Indonesia had 314 branches, including Shariah branches spread across Indonesia and including one
overseas branch in Mumbai, India; 22 Mobile sub branches and 747 ATMs (including 26 Cash Recycle Machines/CRM) connected to more
than 20,000 ATMs included in the ATM PRIMA, ATM BERSAMA, ALTO, CIRRUS networks, and connected to 3,500 Maybank ATMs in
Singapore, Malaysia, and Brunei.
We continued to develop the Bank’s business partners and service networks during 2024 to deliver even more with higher
competitiveness and more efficient operations. We also empowered branches and regional offices to deliver the best banking services
and assist businesses and local communities as they grow and thrive.
To achieve its stated business targets, the Bank worked in synergy with business units and the Maybank Group whose ultimate goal was
to realise a commitment to integrity and perseverance where we place services and top priorities on the customers.
Important Changes Occurring in Banks and Bank Business Groups
Throughout 2024, there were no important changes occurring in the Bank or Bank Business Group.
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Business Prospects, Economic Based on the economic growth and banking industry conditions
Developments, and Target Markets explained above, the Bank conducted in preparing the 2025 Bank
The global economy is estimated to grow at a lower 3.2% in Business Plan (RBB) also conducted a study on “Risk Posture”
2025. The rate of global economic growth will remain relatively and market targets and potential (Market Sizing & Addressable
stagnant compared to the previous year’s corresponding figure. Market) as a basis for determining the focus of business strategy
Several global issues, such as heated geopolitical conflicts, global and a reference in preparing financial projections and target
inflation, energy crises, and international trade tensions, could segments. Based on the results of the Risk Posture study, we will
make the global supply chain situation even worse. The economic keep our focus on credit and financing growth in 2025, for which
activity in China, the European Union, the United Kingdom, and we have formulated growth projections in sectors that offer
Japan that is projected to remain low will be amongst the key strong potential and fit the Bank’s risk appetite.
factors of stagnant economic growth. In the United States, the
Fed will still rely on the results of economic data releases and Digital trust is crucial for the Bank, especially in supporting
developments in the impact of new government policies on the growth in the retail segment, since it helps growth in low-cost
economy to determine its monetary interest rate policy. The funds. Technology risk will remain a concern, especially related
transition of the new United States Government’s policies is to cybersecurity, the availability of competent human resources,
expected to trigger inflation and force the Fed to reintroduce its technology infrastructure, and social engineering. In terms of
high-rate regime. The IMF recently stated that tariffs and trade operational risk, the Bank will focus on competent procedures
uncertainty in various countries pose a risk of slower global to overcome potential internal fraud and errors in the IT system.
economic growth. Policies and work plans for implementing risk management in
2025 will be explained separately in Chapter 2, point 3, related to
In 2025, the Indonesian economy is projected to experience Risk Management and Compliance Policies.
significant momentum in its transformation efforts to achieve
higher, sustainable growth and global competitiveness. The In relation to the projections of global and domestic economic
transition of new leadership in Indonesia under President growth that have been explained above and also internal
Prabowo’s leadership is adding a new spirit of national optimism studies related to Risk Posture and Market Sizing, the Bank’s
to support an economic policy approach that focuses on Management has prepared strategic focuses and initiatives to
economic development based on food and energy security and support the Bank’s business growth during 2025 in the Bank’s
increasing the competitiveness of the national industry while Business Plan (RBB). The Bank’s strategy formulation aligns with
remaining observant and watchful of all possible changes at the the Corporate Plan and M25+ Strategy, including:
global level any time in the future. The domestic economy is 1. Credit growth is a top priority through growth engines
projected to slightly increase in growth from 5.03% (yoy) in 2024 focused on super growth area segments such as LLC & MNC
to 5.17% (yoy) in 2025. (Local Large Corporations), RSME, SME+, and Auto segments
through the Bank’s subsidiaries, namely WOM Finance and
Economic growth in 2025 is projected to come from more Maybank Finance. In addition, the Bank will continue to grow
bustling domestic activities with various economic programs of momentum in the business banking segment.
the new government, well-maintained inflationary pressures, 2. Increasing productivity across all business segments to
strong and sustainable consumer growth, an increase in the SME ensure they can contribute positively to increasing the Bank’s
and Small Business segments along with various government business growth in a sustainable manner.
stimulus programs and social assistance, an increase in the 3. Increasing fee income with accelerated growth in Transaction
realisation of foreign and domestic direct investment, and a Banking, Client Coverage, Wealth Products (Banca &
decrease in interest rates by Bank Indonesia, which is expected Investment), digital banking, and Global Market.
to continue until the end of 2025.
As we look ahead, Maybank Indonesia will continue to
Banking credit growth stood at 10.39% at the end of 2024 and transform in line with the Maybank Group’s M25+ strategy.
is projected to thicken up to 11.85% in the upcoming 2025. This transformation initiative can support the Bank’s business
Banking credit is projected to grow high in line with increasingly objective of leading the charge in financial solutions.
strong domestic demand as credit interest rates are moving on
a downward trend and various government fiscal stimuli such
as tax relief for property purchases, green vehicles, and social
assistance programs for the poor, and free nutritious meals.
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The development of M25+ has formulated 13 strategic programs, Utilisation of Information Technology
including (SP #7) Uplift Indonesia. By positioning Indonesia Maybank Indonesia continues to transform Information
as one of the main markets for Maybank Group, Maybank Technology (IT) by focusing on strengthening IT infrastructure
Indonesia is fully supported in realising its aspirations, especially and banking cybersecurity, which entails continuing to
in strengthening its position in the coming years. The M25+ coordinate with regulators. In addition, we are developing
strategy should answer the various needs of Maybank’s business digitalisation and IT HC development to support the provision of
network to remain relevant and meet customer expectations by reliable, safe, and easy technology services to customers, in line
providing access to comprehensive and wide-reaching financial with the Bank’s vision.
solutions and services.
As previously stated, we are also implementing initiatives to
Human Capital Development accelerate digitalisation and technology modernisation with an
We are committed to becoming a leading financial services end-to-end Straight Through Processing (STP) platform that is
provider in Indonesia that runs on a Humanising Financial fully integrated with banking’s internal and external ecosystems.
Services mission and becoming an employer of choice by Through this platform, we are seeking to improve operational
implementing an innovative and sustainable Human Capital efficiency, accelerate transaction processes, and provide a more
(HC) management framework to create value and serve the seamless and responsive customer experience. With integrated
community. The M25+ transformation is our strategic program to technology, we ensure that Maybank Indonesia’s banking
drive sustainable growth and achieve the Bank’s vision. services can meet customer needs in the digital era with optimal
speed, security, and convenience.
The M25+ transformation is more than just a strategic initiative
since it constitutes a holistic approach to delivering growth, In a planned and periodic manner, we continue to improve
pursuing efficiency, and making a real impact. This program the capabilities and capacities of the internal IT team through
integrates a focus on strengthening work culture, accelerating technical, non-technical and leadership training. We also sent IT
digitalisation, and developing human resources that are the HR to certified training programs so they have the capabilities
foundation for business sustainability in today’s increasingly and competencies that meet national and international
complex and competitive era. standards.
The year 2024 provided significant momentum for continuing Implementation of Bank Governance
to intensify cultural transformation initiatives, with the aim of We implement Good Corporate Governance (GCG) consistently
creating a more adaptive, collaborative, and results-oriented in every business activity. We interpret corporate governance
work environment. Cultural transformation is one of Maybank as not just an obligation but rather something that we should
Indonesia’s strategic priorities in strengthening the organisation practice to maintain the transparency and accountability of
to face future challenges. the Bank’s management to the public, especially in achieving
the vision of becoming a leading financial service provider in
We also continue to develop HC to produce future leaders Indonesia.
who are competent, adaptive, and highly competitive amidst
the ever-changing dynamics of the industry. All our HC Implementing GCG within the Bank is backed by a committed
training and development programs are designed to align with pool of human resources who are eager to create value and serve
Maybank Indonesia’s strategy so they can be implemented communities with the mission of Humanising Financial Services.
efficiently, effectively, and integrated to drive the Bank’s overall By referring to 3 (three) governance aspects, i.e., Governance
performance. Structure, Governance Process, and Governance Outcome, we
manifest GCG in our daily banking operations that align with the
Bank’s TIGER values: Teamwork, Integrity, Growth, Excellence
and Efficiency, and Relationship Building.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
We have gone even further as we also apply the principles of Our supporting committees always give us recommendations,
corporate governance consisting of four pillars including Ethics, second opinions, or suggestions worthy of consideration before
Transparency, Accountability, and Sustainability (ETAK). We we make and implement tactical or strategic decisions. Our
believe this will encourage the Bank to accelerate performance assessment suggests that the committees performed their
and increase added value for Stakeholders and the community. respective duties and responsibilities well in accordance with
applicable regulations and the Bank’s internal provisions.
In the period of December 2024, we conducted a self-assessment We further based this assessment on several other criteria,
of the implementation of GCG within the Bank and earned including the implementation of their respective duties and
a composite score of 2, which reflects that the Bank and responsibilities, performance achievements during the financial
Subsidiaries have implemented Good Governance and have year, competence, and attendance at meetings. In addition, the
adequately fulfilled the principles of GCG. We will continue decisions and recommendations given by the committee during
to strive to improve the quality of GCG implementation by the meeting discussion also served as a reference in assessing the
following up on recommendations according to the results of performance of the supporting committees.
the self-assessment and implementing GCG based on relevant
regulatory standards, both nationally and internationally. Changes in the Composition of the Board
of Directors
Then, related to the transparency aspect, we can also convey that In 2024, Maybank Indonesia made changes to the composition
until the end of 2024, information regarding share ownership of the Board of Directors as a strategic step to strengthen
(direct and indirect) of the incumbent members of the Board leadership and encourage sustainable growth amidst increasingly
of Commissioners and Directors and/or members appointed in complex industry dynamics. Changes in the composition of the
the financial year, both at Maybank Indonesia and the Maybank Board of Directors also aim to realise the Bank’s commitment to
Group, mirrors that informed in the Company Profile Chapter of adapting to market demands and ensuring more responsive and
this Annual Report. There is no share ownership either directly adaptive management to future challenges and opportunities.
or indirectly by the Board of Commissioners and Directors in
Maybank Indonesia, subsidiaries, or groups connected to the Maybank Indonesia convened an Annual General Meeting of
Company. Shareholders (AGMS) on April 1, 2024, which approved the end
of the term of office of Taswin Zakaria as President Director of
Assessment of Committees under The the Company, Thilagavathy Nadason as Director of the Company,
Board of Directors Muhamadian as Director of the Company, Irvandi Ferizal as
In discharging our duties, we are assisted by our supporting Director of the Company and Widya Permana as Director of the
committees as we run banking operations where the priority Company.
is placed on the principle of prudence. Board of Directors are
required to form committees at the minimum Risk Management The AGMS also approved the reappointment of Irvandi
Committee, Credit Committee, Credit/Financing Policy Ferizal and Widya Permana as Directors of the Company. The
Committee, Information Technology Steering Committee. Board AGMS appointed Steffano Ridwan, previously a Director of
of Directors of Maybank Indonesia also formed Asset & Liabilities the Company, as the President Director. Then, the AGMS also
Committee (ALCO), Internal Audit Committee, Integrated Risk appointed Shaiful Adhli Yazid as Director of the Company, Yessika
Management Committee, Credit Restructuring Committee, Effendi as Director in Charge of the Company’s Compliance
Human Capital Committee, Human Capital Disciplinarian Function, and Romy Hardiansyah as Director of the Company’s
Committee, Transformation Steering Committee and Joint Shariah Business Unit.
Steering Committee.
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The Company hereby expresses its highest appreciation and Appreciation and Closing
gratitude for the thoughts, hard work, and services of Taswin We welcome 2025 with a renewed enthusiasm to continue
Zakaria, Thilagavathy Nadason, and Muhamadian for the our ‘homework’ at Maybank Indonesia. All of this year’s
progress of the Company. achievements should serve as the foundation on which to move
forward even better.
Furthermore, Maybank Indonesia also convened an Extraordinary
General Meeting of Shareholders (EGMS) on September 27, On behalf of the entire Board of Directors, we would like to
2024, which appointed Bianto Surodjo as Director of the express our sincere gratitude and high appreciation to the
Company. Board of Commissioners for all the direction, advice, and
recommendations given to us. We also express the same
Thus, given below is the incumbent composition of the Board of appreciation to our customers and business partners for their
Directors: ongoing support, trust, and long-standing cooperation. Our
• Steffano Ridwan as President Director gratitude and appreciation also extend to Maybankers who
• Irvandi Ferizal as Director have worked with full dedication and love in discharging their
• Effendi as Director respective duties and responsibilities.
• Widya Permana as Director
• Ricky Antariksa as Director We would also like to express our gratitude and appreciation
• Bambang Andri Irawan as Director to all other stakeholders for our long-established cooperation,
• Shaiful Adhli Yazid as Director which have enabled Maybank Indonesia to keep delivering
• Yessika Effendi as Director in Charge of Compliance Function sustainable performance to date. Before we conclude this report,
• Romy Hardiansyah as Director of Shariah Business Unit we are calling for the participation of all Maybankers in igniting
• Bianto Surodjo as Director the One Team, One Direction, and New Energy spirit to make
Maybank Indonesia more resilient as we work to realise the
mission of humanising financial services.
Jakarta, March 2025
On behalf of the Board of Directors
PT Bank Maybank Indonesia Tbk
Steffano Ridwan
President Director
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Main Highlights Management Report Company Profile Management Discussion
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Board of Directors
Bambang Andri Irawan Ricky Antariksa Effendi Irvandi Ferizal Yessika Effendi
Director Director Director Director Director
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Steffano Ridwan Shaiful Adhli Yazid Widya Permana Bianto Surodjo Romy Hardiansyah
President Director Director Director Director Director
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Sharia Supervisory
Board Report
Following our supervision throughout 2024, we are of the opinion that
Maybank Indonesia UUS activities are generally consistent with the
DSN-MUI Fatwa, DPS opinions, applicable Sharia principles, and other
relevant provisions.
Bismillahirrahmanirrahim
Assalamu’alaikum wa Rahmatullahi wa Barakatuh.
By saying Alhamdulillahi Rabbil ‘Alamin, let us express
our gratitude to Allah SWT for all the gifts and grace
bestowed upon us. Shalawat and greetings may always
be bestowed upon the Prophet Muhammad SAW and his
family and friends.
Alhamdulillah, throughout 2024, the Maybank
Indonesia Sharia Business Unit (UUS) Sharia Supervisory
Board (DPS) continued to carry out its duties and
responsibilities by ensuring that every business activity
runs in accordance with Sharia principles and applicable
regulations. We have held 22 meetings and issued
DPS Opinions regarding Sharia products and business
activities, as well as provided other suggestions and
recommendations needed to support the development
of Maybank Indonesia’s UUS business. Several
important discussions regarding products and activities
from a Sharia compliance perspective include the iB
Multicurrency Current Account, Updating M2U Web
services (M2U Web Revamp), developing features for
mobile banking services (M2U ID App), the development
of special Hajj registration and payment services, and
others.
In terms of the Sharia Review, during the first and second
semesters of this year, we conducted supervision and
inspections by randomly testing product samples and
transactions from branches throughout the region,
including Sharia Branch Offices and Maybank Sharia
Services, as well as holding sharing sessions for all
employees to provide enlightenment and deepen the
meaning of Sharia aspects.
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DPS has also reported the results of supervision to OJK Following our supervision throughout 2024, we are of the
semesterly, with a copy sent to the Board of Commissioners opinion that Maybank Indonesia UUS’s activities do not violate
and the Board of Directors for follow-up in accordance with the DSN-MUI Fatwa, DPS opinions, applicable Sharia principles,
applicable regulatory provisions. or other relevant provisions. We hope that management in
charge of Sharia activities will remain committed to adhering
Maybank Indonesia’s implementation of the Shariah First to Sharia principles as well as applicable laws and regulations.
strategy and Leverage Business Model remains consistent Furthermore, the implementation of the Shariah First Strategy
throughout 2024. This has established Maybank Indonesia as an in every offer made for all Maybank Indonesia banking products
innovative and thought-leader in the Sharia banking industry, and propositions necessitates increased attention from all lines
while also ensuring that the bank’s business and operations are to ensure that the principles of prudence and reputation are
always in line with Sharia principles. always met when carrying out Sharia activities. We hope that
the implemented strategy will contribute significantly to the
This continues to be supported by a commitment to continuously development of the national Sharia banking industry.
strengthen the implementation of the Sharia Governance
Framework (SGF) and Sharia Compliance Policy (SCP) for In closing, we would like to express our heartfelt gratitude and
all internal stakeholders, ensuring the fulfillment of Sharia appreciation to management and all employees for Maybank
compliance in the Bank’s Sharia business activities. DPS, in Indonesia UUS’s performance achievements in 2024.
collaboration with the Shariah Advisory & Assurance Unit (SAA),
held meetings and training on Shariah compliance in general in
an effort to strengthen Shariah compliance in the Bank. Not to mention, DPS encourages all stakeholders to remain
grateful for the end of this difficult time. May Allah Ta’ala always
On the social side of Sharia banking, Maybank Indonesia UUS provide taufik and guidance to all of us in carrying out Sharia
is becoming more involved in managing Benevolent Funds and banking activities so that we can achieve sustainable business
Zakat. We note that DPS is always asked for its consideration growth in the future with full blessings.
on plans and implementation of benevolent fund distribution
programs to ensure that they are consistent with the goal of Wassalamu’alaikum wa Rahmatullahi wa Barakatuh.
providing benefits and empowering people.
We also appreciate management’s initiative to provide Sharia
financial education in several Indonesian universities and
communities. We hope that this concern can continue to be
shared with other community-based communities to significantly
strengthen Sharia’s socioeconomic role in the country.
On behalf of the Sharia Supervisory Board
We are also grateful for management’s growing enthusiasm to Dr. KH. M. Saad Ih MA
actively participate in the productive economic empowerment Chairman
of the poor and independent Islamic boarding schools through
collaboration with various institutions. We sincerely hope that
steps like this can become part of efforts to promote harmony
and cooperation in order to provide real solutions to people’s
needs.
2024 Annual Report PT Bank Maybank Indonesia Tbk 71
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Statements of Responsibility for
2024 Annual Report by the Board of Commissioners of
PT Bank Maybank Indonesia Tbk
We, the undersigned, hereby state that all information contained in the 2024 Annual Report of
PT Bank Maybank Indonesia Tbk has been comprehensively presented and take full responsibility for
the accuracy of the contents of the Company’s Annual Report.
This statement is made truthfully.
Jakarta, March 2025
BOARD OF COMMISSIONERS
Dato’ Khairussaleh Ramli
President Commissioner
Edwin Gerungan Datuk Lim Hong Tat Dato’ Zulkiflee Abbas Abdul Hamid Achjar Iljas
Commissioner Commissioner Commissioner Independent Commissioner
Hendar Putut Eko Bayuseno Marina R. Tusin Daniel James Rompas
Independent Commissioner Independent Commissioner Independent Commissioner Independent Commissioner *)
*)
The appointment of Daniel James Rompas as Independent Commissioner of the Company takes effect as of 3 January 2025
as per approval from the relevant Regulator.
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Statements of Responsibility for
2024 Annual Report by the Board of Directors of
PT Bank Maybank Indonesia Tbk
We, the undersigned, hereby state that all information contained in the 2024 Annual Report of
PT Bank Maybank Indonesia Tbk has been comprehensively presented and take full responsibility for
the accuracy of the contents of the Company’s Annual Report.
This statement is made truthfully.
Jakarta, March 2025
BOARD OF DIRECTORS
Steffano Ridwan
President Director
Irvandi Ferizal Effendi Widya Permana Ricky Antariksa
Director Director Director Director
Bambang Andri Irawan Yessika Effendi Romy Hardiansyah Shaiful Adhli Yazid Bianto Surodjo
Director Director Director Director Director
2024 Annual Report PT Bank Maybank Indonesia Tbk 73
Page 76
The Maybank Marathon international running event in Bali embodies the spirit of ‘One Team, One Direction, New Energy’—together facing challenges, transforming to develop potential, and achieving higher achievements.
Page 77
76 General Bank Information
77 Maybank Indonesia in Brief
79 Corporate Logo and Identity
80 Our Journey
82 Organisational Structure
84 Vision, Mission, and Corporate Culture
86 Core Business
88 Products and Services
91 Board of Commissioners Profile
100 Board of Directors Profile
110 Changes in the Composition of Management after
Fiscal Year
111 Senior Management Profile
119 Employee Statistics and Profiles
120 Shareholding Composition
123 Corporate Group Structure
124 Maybank Group Profile
125 Subsidiaries and Joint Ventures
128 Share Listing Chronology
130 Other Securities Listing Chronology
135 Ratings
135 Public Accountant & Public Accountant Firm
Services
136 Capital Market Supporting Institutions and
Professions
137 Information on Corporate Website
138 Operational Areas
140 Branch Offices Address
Company
Profile
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and Analysis
General Bank
Information
Company Name Swift Code
PT Bank Maybank Indonesia Tbk IBBKIDJA
Nick Name Composition of Shareholders
Maybank Indonesia • Sorak Financial Holdings Pte.Ltd. 45.02%
• Maybank Offshore Corporate Services (Labuan) Sdn. Bhd
Date of Establishment 33.96%
15 Mei 1959 • Vital Solution Fund 8.73%
• Public 12.29%
Company Name Change Effective Date
PT Bank Internasional Indonesia Tbk changed to Head Office Address
PT Bank Maybank Indonesia Tbk (Company name change has Sentral Senayan III
been effective as of September 23, 2015) Jl. Asia Afrika No. 8, Gelora Bung Karno
Jakarta 10270, Indonesia
Business Field
T: (62-21) 2922 8888
Commercial Banks/Banking Services
F: (62-21) 2922 8799
Legal Basis of Establishment E: customercare@maybank.co.id
• Business license as a Commercial Bank through Decree W: www.maybank.co.id
of the Minister of Finance of the Republic of Indonesia
Contact Center
No.138412/U.M.II dated October 13, 1959, which was amended
by Decree of the Financial Services Authority Commissioner
E: customercare@maybank.co.id
Number 18/KDK.03/2015 dated September 23, 2015
investorrelations@maybank.co.id
• Business license as a Foreign Exchange Bank through Decree
of the Board of Directors of Bank Indonesia No.21/11/Dir/UPPS Facebook: www.facebook.com/MaybankIndonesia
November 9, 1988 X: @MaybankID
Authorised Capital Instagram: @maybankid
Rp12,864,765,605,400 or 476,608,857,231 shares consisting of: Call Center: 1500611 or +6221 78869811
• Rp349,331,607,900 or 388,146,231 Class A shares nominal (from overseas)
Rp900 per share
• Rp2,000,520,000,000 or 8,891,200,000 Class B shares Subsidiaries
nominal Rp225 per share • PT Wahana Ottomitra Multiartha Tbk (67.49%)
• Rp10,514,913,997,500 or 467,329,511,000 Class D shares • PT Maybank Indonesia Finance (99.99%)
nominal Rp22.50 per share
Number of Employees
Issued and Fully Paid Capital 6,992 employees
Rp3,855,908,223,675.50 or 76,215,195,821 shares consisting of:
• Rp349,331,607,900 or 388,146,231 Class A shares nominal Total Assets
Rp900 per share Rp197.2 trillion
• Rp2,000,520,000,000 or 8,891,200,000 Class B shares
Data Access and Corporate Information
nominal Rp225 per share
Corporate Secretary
• Rp1,506,056,615,775.50 or 66,935,849,590 Class D shares
Sentral Senayan III
nominal Rp22.50 per share
Jl. Asia Afrika No. 8
Share Listing Date Gelora Bung Karno - Senayan
21 November 1989 Jakarta Pusat 10270 Indonesia
T: +62 21 2922 8888
Stock Exchange E: CorporateSecretary@maybank.co.id
Indonesia Stock Exchange
Investor Relations
Stock Code Sentral Senayan III
BNII Jl. Asia Afrika Indonesia. 8
Gelora Bung Karno – Senayan
ISIN Code
Jakarta Pusat 10270 Indonesia
ID1000099302
T: +62 21 2922 8888
E: InvestorRelations@maybank.co.id
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Maybank Indonesia
in Brief
COMPANY NAME CHANGE BRIEF INFORMATION
DATE OF ESTABLISHMENT
15 May 1959
COMPANY NAME CHANGE
PT Bank Internasional Indonesia Tbk
changed its name to PT Bank Maybank Indonesia Tbk
COMPANY NAME
CHANGE EFFECTIVE DATE
23 September 2015
BASIS OF RATIFICATION
• Resolution of Extraordinary General Meeting of Shareholders (EGMS) of PT Bank
Internasional Indonesia Tbk dated 24 August 2015
• Approval of Ministry of Law and Human Rights of Republic of Indonesia by means of
Decree of Ministry of Law and Human Rights No. AHU-0941203. AH.01.02 Year 2015
dated 26 August 2015
• Decree of Board of Commissioners of Financial Services Authority
No. 18/KDK.03/2015 dated 23 September 2015
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BRIEF HISTORY
PT Bank Maybank Indonesia Tbk is one of the leading private No.18/KDK.03/2015 dated September 23, 2015, BII changed its
banks in Indonesia which is part of the Malayan Banking Berhad name to Maybank Indonesia, affirming its identity as an integral
(Maybank) Group, one of the largest financial service provider entity that is inseparable from the Maybank Group which
groups in ASEAN. Previously, PT Bank Maybank Indonesia Tbk constantly strives to present Humanising Financial Services to all
named PT Bank Internasional Indonesia Tbk (BII) established on stakeholders.
May 15, 1959, and obtained foreign exchange bank license in 1988
and listed its shares on the Jakarta and Surabaya Stock Exchanges Through Community Financial Services (Retail Banking and
(now Indonesia Stock Exchange) in 1989. Non-Retail Banking) and Global Banking, Maybank Indonesia
provides a comprehensive range of products and services for
In 2008, Maybank acquired BII through its wholly owned individuals and corporate customers. The Bank also provides
subsidiary, Maybank Offshore Corporate Services (Labuan) automotive financing through its subsidiaries, WOM Finance for
Sdn. Bhd. (MOCS) and Sorak Financial Holdings Pte. Ltd. two-wheeled vehicles and Maybank Finance for four-wheeled
(SORAK). Then, through the Extraordinary General Meeting vehicles. Maybank Indonesia also continues to develop digital
of Shareholders decision, PT Bank Internasional Indonesia Tbk banking services and capacity through M2U (App & Web), M2E
dated 24 August 2015, the approval of the Minister of Law and for corporate customers, and other various channels.
Human Rights of the Republic of Indonesia through Decree
of the Minister of Law and Human Rights No. AHU-0941203.
AH.01.02 of 2015 dated 26 August 2015, and Decision of the
Board of Commissioners of the Financial Services Authority (OJK)
By the end of 2024, Maybank Indonesia has 314 branches ALTO, CIRRUS network and connected to 3,500 Maybank
including Shariah branches spread across Indonesia and ATMs in Singapore, Malaysia and Brunei. Furthermore,
one overseas branch (Mumbai, India). In addition, Maybank Maybank Indonesia has also managed customer deposits of
Indonesia also has 22 KCP Mobile and 747 ATMs (including Rp119.0 trillion and has total assets of Rp197,2 trillion.
26 Cash Recycle Machines) connected to more than 20,000
ATMs incorporated in the ATM PRIMA, ATM BERSAMA,
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ASSOCIATION MEMBERSHIP LIST OF MAYBANK INDONESIA
Organisation Name Membership Status
Inisiatif Keuangan Berkelanjutan Indonesia (IKBI) √
Perhimpunan Bank Nasional (PERBANAS) √
Asosiasi Sistem Pembayaran Indonesia (ASPI) √
Asosiasi Emiten Indonesia (AEI) √
Indonesian Corporate Secretary Association (ICSA) √
Corporate
Logo and Identity
Maybank Tiger is a symbol Maybank Brand is not just
of noble and great power. a name, but is a unity of values
A symbol that indicates and symbols as outlined in its
Maybank’s honest leadership visual identity so that it reflects
and strength. outlined in its visual identity so
The “friendly” typeface that it reflects.
symbolises a down to earth
human character. The letterings
are designed uniquely and
easily legible, refining the
appearance of the dashing and
mighty.
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Our
Journey
1988- 2003-
1959 1979 1990
1989 2004
Established on May 15, 1959 Merged with PT Bank Tabungan • Obtained license as a Foreign • Issued Visa and MasterCard • The first local bank to
by eleven business players Untuk Umum 1895 Surabaya. Exchange Bank. kredit cards provide Cash Deposit
originating from Jakarta, Machine (CDM) service.
• Listed its shares on Jakarta • Became the first issuer of
Bandung, Magelang, Semarang
Stock Exchange and Mastercard Travelers Cheque • The first local bank to
and Surabaya.
Surabaya Stock Exchange introduce multifunction
(now the Indonesia Stock shariah cards functioning as
Exchange). (sekarang Bursa charge card, debit card and
Efek Indonesia). ATM.
2015 2016 2017 2018 2019
• Announced the change • Officially announced the • Signed a Memorandum • Appointed as one of Hajj • Issued Shelf Registered
of name of PT Bank Bank’s new logo – Maybank of Understanding (MoU) Funds Management Partners Bond II Tranche IV and Shelf
Internasional Indonesia Indonesia – that is in line with PT Railink to support (BPS-BPIH) by Hajj Funds Registered Bond III Tranche
Tbk to PT Bank Maybank with the Maybank Group a cashless transaction Management Agency (BPKH) I at Rp640.5 billion and Rp1
Indonesia Tbk, hence corporate identity, hence for payment system and subsequently launched trillion respectively.
becoming one entity with providing added value to the of Soekarno- Hatta Hajj and Umrah savings
• Launched the new M2U
Maybank Group. customers. International Airport train. account named MyArafah.
Maybank App mobile
• Achieved notable • Issued Shelf Registered • Issued Shelf Registered • Issued Shelf Registered banking application with
performance from Shariah Subordinated Bonds II Bank Bonds II Tranche I amounting Bonds II Tranche II and a more modern and user-
Banking by taking the 5th Maybank Indonesia Tranche to Rp835 billion and Tranche III at Rp645.5 friendly appearance.
position in Shariah Banking II Year 2016 with a nominal Shelf Registered Sukuk billion and Rp379 billion
• Joined the Indonesian
industry and the 1st position amount of Rp800 billion Mudharabah II Tranche I respectively
Sustainable Financial
in the Shariah Business Unit and Shelf Registered Sukuk amounting to Rp266 billion.
• Completed Rp2 trillion rights Initiative (IKBI) as a form of
in terms of assets. Mudharabah I Bank Maybank
• Issued Negotiable Certificate issue. commitment to implement
Indonesia Tranche II Year
• Launched internet- of Deposits (NCD) sustainable finance.
2016 with a nominal amount • Provided Indonesia’s first
based mobile banking amounting to Rp400 billion.
of Rp700 billion. ever shariah hedging facility • Offered Cash Collection
“Maybank2U”
to corporate customers Solution facilities for the first
• Supported the National
time to corporate customers
Infrastructure Development • Undertook strategic
of PT Federal International
by providing shariah partnership with PT Angkasa
Finance (FIF GROUP)
financing facility to Pura II (Persero) (“AP II”) by
PT Waskita Karya (Persero) providing additional term
Tbk and PT Jasa Marga loan facility of Rp3 trillion
(Persero) Tbk.
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Governance Responsibility
2014
2013 • Launched Micro Banking
Services, BII Pilihan Bijak
2012
Mitra Usaha.
“The Best Bank in Service • Issued Subordinated Bonds
Quality” for four consecutive of Rp1.5 trillion and Sukuk
Mudharabah of Rp300
2008
years according to Institute of
Service Management Studies billion.
• The first bank in Indonesia to
provide Paperless Account (ISMS) Trisakti. • Conducted Right Issue VII of
2006
Opening System to reduce Rp1.5 trillion.
time in account opening • Launched the “Shariah First”
Acquired by Malayan Banking
service. strategy as Shariah products
Berhad (Maybank) through
a wholly owned subsidiary, • Broke new records with total and service provider across
MOCS. assets exceeding Rp100 business segments.
Launched Corporate Social
trillion and net profit of more • Provided Musyarakah
Responsibility program namely
than Rp1 trillion. financing facility to Garuda
“BII Berbagi”
Indonesia.
2024
2023 1. Maybank Indonesia,
through its Sharia Business
2022 • Maybank Indonesia has launched
Unit (UUS), signed a
strategic cooperation
a Gold Savings opening feature agreement with one of
2021
on M2U ID App to further the largest Islamic da’wah
• Issued Shelf Registered Bond IV enrich the choice of investment organisations in Indonesia,
Tranche I Year 2022 amounting products that can be selected by
customers.
the Muhammadiyah
2020
to Rp1 trillion Central Leadership
• Launched the Customer Fund • Maybank Indonesia Shariah (PP) in Yogyakarta, to
• Launching the My Happy
Account (RDN) facility to Business Unit launched an
&Lucky Bank lottery program by
integrated wealth management
provide sharia-based
emphasising the introduction encourage customers in trading financial solutions for PP
or investing in stock/securities solution “Shariah Wealth
• Allianz Life and Maybank of the Bank’s main features, Muhammadiyah and its
instruments. Management (SWM)” which
Indonesia introduced downtime products and services expected
offers Shariah-based investment ecosystem.
life insurance, SmartProtection to increase customer interest to • Along with Maybank Group solutions covering financial,
and iB SmartProtection for the actively conduct digital financial organised the 2022 Maybank social and spiritual aspects. 2. Maybank Indonesia
financing of both conventional transaction. Sustainability Day at Taman expanded its co-brand credit
• Development of new Shariah
and shariah products. • Presenting the U Savings, Bhagawan, Bali on August 27, card with the launch of the
2022 to enhance awareness PAYDI life insurance products
• Maybank took an active role in a savings solution that can
(development of unit-linked Maybank Manchester United
accommodate and facilitate all and encourage sustainability Credit Card.
supporting the Government to insurance to be marketed face-
daily financial needs which can practices to the participants and
fight COVID-19 outbreak through to-face or without face-to-face
a series of social activities, be easily accessed digitally by the Bank’s partners. 3. Maybank Indonesia signed
including but not limited to
including; donating personal using the M2U ID application. • Organised the Maybank Syariah branch distribution channels with
a Rp4-Trillion Uncommitted
protective equipment (PPE), • Distributing medical aid for entrepreneurship competition a referral business model. Facility Line agreement
providing basic groceries and COVID-19 Countermeasures called ISYEFpreneur which with PT Sarana Multigriya
food packages to the affected is a collaboration between • Maybank Indonesia successfully
to 25 government and private
organised the first and only ‘Elite’
Finansial (Persero) (SMF).
communities, including the hospitals in partnerships with UUS Maybank Indonesia and
disabled. Indonesian Islamic Youth Label Road Race in Indonesia, 4. Maybank Indonesia signed
Good Seeds.
Economic Forum (ISYEF). Maybank Marathon with start a strategic cooperation
• DinMaybank was named “The • Appointed by Bank Indonesia and finish location at Bali Safari &
World’s Best Consumer Digital • Launched a new feature in the agreement with PT
and the Central Bank of China Marine Park, Gianyar.
Banks 2020” for the Asia-Pacific as ACCD (Appointed Cross M2U app for customers’ financial Berdayakan Usaha Indonesia
region and the “Best Website management, namely 360 Digital • Fulfillment of the 7.5% free float (“Batumbu”), under which
Currency Dealer) banks for
portion of shares in connection
Design” for the sub-category Rupiah and Yuan Local Currency Wealth, which is capable to it funnelled a total loan of
award. consolidate all financial activities with the UBS AG London sales
Settlement.
transaction of 13.95 billion shares Rp1 trillion to Batumbu SME
that customers conduct through customers.
• Maybank became the first bank • Won the title of best workplace (18.31%), and the Vital Solution
the app.
in Indonesia to facilitate PT Bio in Asia for six years in a row, Fund purchase transaction of
Farma Inc, a state-owned producer organised by Business Media
5. Launched a feature of
6.65 billion shares (8.73%)
and distributor of pharmaceutical International, an Asian HR
Government Securities (SBN)
products, in the response to publisher. purchase in the secondary
COVID-19 through vaccine supply. market through its M2U ID
• Maybank was named “Best Digital Banking App, which now can
Bank” in the 3rd Global Retail be accessed by more people,
Banking Innovation Awards 2020 including retail investors
held by Digital Banker. seeking flexibility and
optimal investment.
2024 Annual Report PT Bank Maybank Indonesia Tbk 81
Page 84
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Organisational
Structure
As of January 2025
BOARD OF
COMMISSIONERS
Internal Audit
Audit Committee
Committee
Risk Oversight Risk Management
Committee Committee
Nomination &
Asset Liabilities
Remuneration
Committee (ALCO)
Committee
IT Oversight IT Steering
DIRECTOR LEGAL,
Committee Committee DIRECTOR RISK DIRECTOR DIRECTOR INFORMATION
COMPLIANCE, CORPORATE
MANAGEMENT OPERATIONS TECHNOLOGY
SECRETARY and ANTI FRAUD
Integrated Good Integrated Risk
Corporate Governance Management
Committee Committee 5)
Whistleblowing
Governance Other Supporting
Committee Committees IT Architecture, Digital
Credit Risk Management Delivery & Operations
Anti Fraud 2) Credit Operations
IMANUEL CIPTA IDAMAN MOHAMED ZAKI
RUDY STEVEN GULTOM DEWI YULIA WARDOYO
TARIGAN BIN MOHD YUNUS
Compliance
Internal Audit 1) Retail Credit Portfolio & Policy Operation Processing Center IT CFS Delivery & Operation
E IWAN NUGROHO
HARISENO ACHARYAMA EMIL ANANDA HILMY IRWAN SANTOSO (Vacant)
SUSANTO
Non Retail Credit Policy & Customer Experience IT Global Banking Delivery &
Strategy & Transformation Corporate Legal & Litigation
Strategic Risk Management Management Operation
MICHAEL ADRIAN KHUSNUDHON
A. DIMAS AGUSNUGROHO CLARA INDA TIARA RACHMAT SETIAWAN
Delivery Channel &
Corporate Secretary IT Analytic Reporting &
Corporate Communications Non Retail Credit Process Cash Operation
PUTU DEWIKA Corporate Delivery
BAYU IRAWAN SHINTA KUSUMA DEWI BENYAMIN NURPATRIA
ANGGANINGRUM RICKY INDRAYANTO DJAYA
SETIAWAN
Market, Liquidity & Treasury Operation System Support &
Pricing & Data Analytics Financial Crime Compliance Credit Risk Management Development IT Infrastructure & Operation
SONNY SUPRIYADI RIKA I NYOMAN HADIJAYA JANTO TIRTADJAJA JOHANES SETIYABUDI
SIMBARA GIRI
IT Governance, Planning
Sustainability
Personal Data Protection Enterprise Risk Management Branch Operations Assurance & Project Management
MARIA TRIFANNY
MAYA OCTAVIA WIDJAYA YOSEF OKTAVIANUS S. HENDRIK PROGO EDWARD CAHYADI
FRANSISKA
KARSONO
Corporate Brand & Marketing
Technology Risk Management Branch Control Operations IT Security
Communications 4)
RUSDI RACHIM IWAN SUHERMAN KOK PATRIA INDRAJAYA
REZA VARINDRA
Operational Risk & Business
Process and Service Excellence Digital Banking
Continuity
ILHAM RIZKI KINAN CHARLES BUDIMAN
SURYO PRASETYA
Reporting Lines
Coordination Lines Core Banking Project
SETIASMO
Supervision Lines
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Governance Responsibility
GENERAL MEETING
OF SHAREHOLDERS
SHARIAH
SUPERVISORY BOARD
BOARD OF DIRECTORS
PRESIDENT DIRECTOR
DIRECTOR
DIRECTOR DIRECTOR DIRECTOR DIRECTOR
COMMUNITY FINANCIAL
HUMAN CAPITAL FINANCE SHARIAH BUSINESS UNIT GLOBAL BANKING
SERVICES
Financial Planning,
Business Human Capital 1 Performance Management & Sharia Global Banking Corporate Banking Business Banking PT Wahana
RAHARTATY Investor Relation JUFLI IRAWAN HERTANTO GUNADI MARIANA HUSIN Ottomitra
NURMALA DAMANIK Multiartha Tbk
Business Human Capital 2 Sharia Community Financial Financial Institution Group SME Banking
Corporate Treasury GOLFINA KUSMARNINGRUM TJHANG DAVID W
PAULUS DANANG YANRI Services PT Maybank
(Vacant)
HATMOKO DANDY SUPRANDONO Indonesia Finance
Non Retail Strategic SUBSIDIARIES
Syndication
Sharia Wealth & Halal Partnership
Talent Acquisition Finance & Accounting RIFAN ARISTA
Ecosystem PAULUS CHOLOT JANALA
RENI ASTUTI DEWI LUCAS ANITA
AZZADY BIN JAMALUDDIN
Regional Client Coverage Consumer
Rewards, Organisation Procurement, Premises & (Vacant) TJAN CHRISTIAN
Sharia Product Management
Development & Strategy Vendor Relation
BAGINDA SAUMAR
NELDA VICTORIA SIBURIAN YULINDA SIMANJUNTAK
Global Markets Wealth Management
Talent Management & I MADE BUDHI P ARTHA SUMITRO
Organisation Learning GB & BB Remedial Sharia Advisory & Assurance
MARTUA BANGUN ROBERT P SITINJAK M FAISAL MUCHTAR
JAYAWINATA
Transaction Banking Community Distribution
ADE RANGKOTO HARRYANTO PRAMONO
Sharia Process Development,
Employee Relations &
SME & Consumer Collections Compliance & ERU
Health Safety
EDWIN D. BRETHONIERE AGUS RACHMAT
YULIA PRIHANDINI Business Planning,
HIDAJATULLOH
Performance, & Embedded Risk Retail Credit Process &
Unit (ERU) 3) Fraud Monitoring
MUHAMMAD HENDRO DERANOVITRI
Sharia Strategy Planning, WIJANARKO
HC Operations Performance & Finance
CHAIRANY DANUSAPUTRA AGUS RACHMAT
HIDAJATULLOH (Pjs) CFS Business Planning &
Maybank Indonesia - India
Performance Management 3)
MOHIT VARMA
ABDUR RAZZAQ
Note:
1. In discharging its duties, the Internal Audit work unit submits reports to the President Director or the Board of Commissioners
and is authorised to communicate directly with the Board of Directors, Board of Commissioners, Audit Committee, and Sharia
Supervisory Board.
2. The National Anti-Fraud function is responsible to the President Director and reports directly to the Board of Commissioners.
3. Double solid reporting line to the Director of finance.
4. Coordination with the work units of the Director of Community Financial Services, Director of Global Banking, and Director of
Sharia Business.
5. Dotted line to Integrated Good Corporate Governance Committee.
2024 Annual Report PT Bank Maybank Indonesia Tbk 83
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Vision, Mission, and
Corporate Culture
Vision
To be the leading financial services provider in Indonesia, driven by
passionately committed and innovative people, creating value and
serving communities.
Mission
Humanising Financial Services
Through this mission, with being at the heart of the community, we will:
01 Make financial services simple, intuitive,
and accessible
02 Build trusted partnerships for a sustainable
future together
03 Treat everyone with respect, dignity,
fairness and integrity
Board of Commissioners and Board of Directors Approval for The Bank’s
Vision and Mission
The vision and mission of Maybank Indonesia have been reviewed and approved by Board of Commissioners and Board
of Directors. The Bank conducts a periodic review on this Vision & Mission.
To date the Bank’s Vision & Mission are deemed to be valid and aligned with the current condition.
At the end of November 2014, the Board of Commissioners and the Board of Directors convened and agreed to refine
the Bank’s vision and mission in accordance with the latest strategy devised and implemented by the Bank. The
alignment of vision and mission was also held in conjunction with the joint pact during the BII Maybank Leaders Offsite
Meeting in Bogor. The event was held on 21 March 2014.
The latest review was conducted on 29 November 2024 together with BOD and BOC approval in the Bank Business Plan
(RBB) 2025-2027.
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Governance Responsibility
Corporate Culture
Teamwork
We work together as a team based on
mutual respect and dignity.
Integrity
We are honest, professional and
ethical in all our dealings.
Growth
We are passionate about constant
improvement and innovation.
Excellence & Efficiency
We are committed to deliver
outstanding performance and
superior services.
Relationship Building
We continuously build long-term and
mutually beneficial partnership.
2024 Annual Report PT Bank Maybank Indonesia Tbk 85
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Core
Business
Business Lines According to the Latest Articles of Association
The main and supporting lines of business according to Company’s latest Articles of Association detail that the Bank’s objectives
and business fields are General Banking businesses. In accordance with Article 3 of the Bank’s latest Articles of Association, to
achieve these aims and objectives, the Bank carries out the main business activities and support as follows:
Business Activities Performed
Business Activities Based on Articles of Association
Performed Not Performed
CORE BUSINESS
a. Accumulate funds from the public in the form of deposits in the form of demand deposits, √
time deposits, certificates of deposit, savings and/or other equivalent forms.
b. Issue Letters of Credit. √
c. Buy, sell or guarantees at own risk and for the benefit of and at the behest of its customers, √
letters, as follows:
I. Draft notes whose validity period is not longer than the normal are accepted by the √
Company;
II. Letters of credit and other securities whose validity period is not longer than in the √
normal of trading securities in question;
III. Government securities and government guarantees; √
IV. Bank Indonesia Certificates (SBI); √
V. Bonds; √
VI. Futures trading; √
VII. Other term securities. √
d. Provide loans √
e. Borrow funds and/or lend funds to other banks, either by using letters, telecommunication √
advice or by promissory notes, checks, or other means.
f. Transfer funds, both for its own sake, and for the benefit of customers. √
g. Receive payments from bills for securities and perform calculations with or between third √
parties.
h. Provide safe storage to store valuables and securities. √
i. Conduct safekeeping for the benefit of other parties based on contract. √
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Business Activities Performed
Business Activities Based on Articles of Association
Performed Not Performed
j. Placing funds from customers to other customers in the form of securities not listed on the √
stock exchange.
k. Perform Factoring, Credit Card business and Trustee activities. √
l. Carry out all other activities commonly carried out by the bank insofar as they do not conflict √
with the applicable statutory provisions, including acting as a Custodian Bank.
m. Provide financing and/or conducting activities based on Shariah Principles, in accordance √
with the provisions stipulated by the Financial Services Authority and the National Shariah
Council.
n. Carry out temporary investment activities to overcome the consequences of credit failures √
or financing failures based on Shariah Principles, provided that bank must withdraw
participation, by fulfilling the conditions set by the Financial Services Authority.
SUPPORTING BUSINESS ACTIVITIES
a. Conduct activities in Foreign Exchange in accordance with the provisions stipulated by the √
Financial Services Authority.
b. Partake in equity capital involvement in banks or other companies in the financial sector, such √
as leasing, venture capital, credit card business, consumer financing, securities companies,
insurance, and settlement and deposit clearing institutions, by fulfilling the conditions set by
the Financial Services Authority.
c. Carry out temporary investment activities to overcome the consequences of credit failures √
or financing failures based on Shariah Principles, provided that bank must withdraw
participation, by fulfilling the conditions set by the Financial Services Authority.
d. Act as founder and administrator of a Pension Fund in accordance with the provisions of the √
applicable pension fund legislation.
e. Sell all or part of collateral, through auction or otherwise, in the event that the debtor does √
not fulfill its obligations to the Company, provided the purchased collateral shall be disbursed
as soon as possible.
f. Carry out all other business support that is commonly carried out by a bank insofar as it does √
not conflict with applicable laws.
Business Activities Undertaken in the Fiscal Year
As of 31 December 2024, Maybank Indonesia has carried out all business activities stipulated in the latest Articles of Association.
2024 Annual Report PT Bank Maybank Indonesia Tbk 87
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Products and
Services
FUNDINGS
CFS RETAIL
SAVINGS
• Maybank Reguler Saving WEALTH MANAGEMENT
• Maybank MAKSI Saving • Maybank Premier
• Maybank Pro Saving • Third Party Fund Services
• Maybank Woman One Saving - Government Bonds
• Maybank SuperKidz Saving - Open end Mutual funds with asset class on money market,
• Maybank MyPlan Saving bond, equity and balanced; and Close end Mutual funds
• Maybank Super Valas Saving - Dual Currency Investment
• Maybank TabunganKu - Bancassurance (Life Insurance and General Insurance)
• Maybank Tabungan SimPel (Simpanan Pelajar)
• Maybank EduPlan Saving MORTGAGE
• Maybank U Saving • Kredit Properti
• Maybank Tabungan RDN (Rekening Dana Nasabah) • Kredit Properti Multiguna
• Maybank Tabungan Payroll • Kredit Properti Bebas Bunga
• Kredit Properti Fix & Fix
DEMAND DEPOSITS
• Maybank Rupiah Demand Deposits CREDIT CARD & PERSONAL LOANS
• Maybank Foreign Currency Demand Deposits • Maybank Visa Infinite Credit Card
• Maybank Multicurrency Demand Deposits • BMW Maybank Visa Infinite Credit Card
• Maybank DHE Demand Deposits • MINI Maybank Visa Infinite Credit Card
• Maybank Visa Platinum Credit Card
TIME DEPOSITS • Fitness First Maybank Visa Platinum Credit Card
• Maybank Time Deposits • Celebrity Fitness Maybank Visa Platinum Credit Card
• Maybank Deposito On-Call • Maybank JCB Platinum Credit Card
• Maybank Deposito Online • Maybank Mastercard White Card
• Maybank Mastercard Platinum Credit Card
• Maybank Visa Platinum Corporate Credit Card
• Maybank Manchester United Credit Card
CFS NON RETAIL • Maybank Personal Loan
AUTO LOANS
• Investment Loans • Joint Financing - Auto Finance
• Working Capital Loans
• SME Loans Maybank Finance:
• Kredit Usaha Rakyat • Investment Financing
• Commercial Property Financing - Finance Lease IDR
• Kerjasama Perbankan Kredit UMKM (KPKU) - IMBT (Ijarah Muntahiyah Bin Tamliq)
• eBiz Pintar - Installment Financing
• Multipurpose Financing
- Goods Multipurpose Financing
- Service Multipurpose Financing
MAYBANK DIGITAL BANKING • Working Capital Financing
WOM Finance:
• M2U ID App • Multipurpose Goods Financing
• M2U ID Web - New Bike Financing (PPSA)
• M2E • Multipurpose Services Financing
• CoOLPay - MotorKu Multipurpose Financing (PPSA)
• Maybank ATM - MotorKu Funding Facility
• Maybank Direct Debit - MobilKu Multipurpose Financing
• Maybank Virtual Account - MobilKu Funding Facility
• Western Union • Investment Financing
- Sale and Leaseback MobilKu
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Governance Responsibility
• Working Capital Financing Structure Trade Finance
- MobilKu Business Capital Facility • Invoice Financing Buyer
- Sale and Leaseback MobilKu • Invoice Financing Seller
- Sale and Leaseback MotorKu • Forfaiting
• Purchase Financing (Murabahah Contract) • Banker’s Acceptance
- New Motorcycle Sharia Financing • Risk Participation
- “MasKu” Gold Sharia Financing
CUSTODIAN BANK
• Safekeeping Services:
GLOBAL BANKING - Bond Settlement
- Bond Safekeeping
- Corporate Action
TREASURY AND GLOBAL MARKETS • Fund Services:
• Foreign Exchange (Spot, Forward, Swap, DNDF) - Fund Accounting
• Fixed Income (Bond) - Unit Registry
• Interest Rate Swap (IRS)
• Cross Currency Swap (CCS) CASH MANAGEMENT
• Currency Option • Payment Services
• Interest Rate Futures - Outgoing Fund Transfer (Overbooking, BI-FAST, SKN, RTGS &
• Forward IB Real Time Online Transfer)
• Cross Currency Hedging IB (CCH IB) - Outgoing Remittance (SWIFTgpi)
• Call Spread Option (CSO) - Outgoing Remittance (Local Currency Settlement) using the
• Dual Currency Investment (DCI) respective local currencies of the related countries (IDR, MYR,
• Swap Investment (SWI) CNY)
• Digital Investment (DGI) - Payroll Payment
• Money Market (Interbank Lending/Borrowing, Repo, Rev. Repo, - Bulk Payment
Cross Ccy Repo) - Tax Payment (Modul Penerimanaan Negara)
• Other Treasury Services - Cash Delivery
- SWIFT MT101
TRADE FINANCE
Import • Collection Services
• Letter of Credit (LC) – Sight & Usance: LC Local/SKBDN – Sight & - Incoming Transfer (Overbooking, BI-FAST, SKN, RTGS & Real
Usance Time Online Transfer)
• LC/SKBDN Usance Payable at Sight and LC/SKBDN Usance - Incoming Remittance (SWIFTgpi)
Payable at Usance - Incoming Remittance (Local Currency Settlement) using the
- Inward Documentary Collection respective local currencies of the related countries (IDR, MYR,
- Trust Receipt Financing CNY, KRW)
- Shipping Guarantee - Foreign Telegraphic Transfer (FTT)
- Cheque Clearing (Inkasi & Intercity Clearing)
Export - Cash & Cheque Deposit
• Export LC/SKBDN Advising - Cash & Cheque Pick Up Service
• Transfer L/C/SKBDN - Direct Debit & SKN Direct Debit
• L/C Confirmation
• Pre-shipment Financing • Liquidity Management Services
• Post Shipment Financing (Negotiation & Discounting) - Scheduled Transfer
• Export Collection Basis - Target Balance
• Outward Documentary Collection - Funding Balance
- Sweep In, Sweep Out & Sweep Balance
Bank Guarantee - BI Fast Sponsor Bank
• Standby LC
• Demand Guarantee • Information/Account Management Service
• Counter Guarantee - Information/Account Mutation in MT940/950 format
• E-Guarantee - Information/Account Mutation through API
2024 Annual Report PT Bank Maybank Indonesia Tbk 89
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
CORPORATE ELECTRONIC CHANNELS
• Maybank2E • Other Shariah Banking Services
• Maybank CoOLPAY (Corporate Online Payment Gateway & - Foreign Currency Hedging iB
Financial Value Chain) - Sharing Restricted Invesment Account iB (SRIA iB)
• Trade Connex - Shariah Life Insurance Product with Business Reference Model
- Shariah Life Insurance Product with Integrated Business Model
FINANCIAL SUPPLY CHAIN MANAGEMENT (FSCM) - Shariah Life Insurance Product (PAYDI)
• Distributor Financing
• Supplier Financing • Wealth Management
- Government Sukuk
- Sharia Mutual Fund (Open ended fund, to also include offshore
SHARIAH BANKING fund, protected mutual fund, and index mutual fund)
- Sharia Bancassurance ( Sharia life insurance and Sharia general
insurance)
FUNDING PRODUCTS
• Maybank iB Savings (Mudharabah, Wadiah) DIGITAL SERVICES
• Maybank MAKSI iB Savings (Mudharabah) • Maybank2U ID
• Maybank Pro iB Savings (Mudharabah) • Maybank2E
• Maybank Women One iB Savings (Mudharabah) • Maybank CoOLPay (Corporate Online Payment Gateway &
• Maybank SuperKidz iB Savings (Mudharabah) Financial Value Chain)
• Maybank MyArafah iB Savings • Trade Connex
• Maybank MyPlan iB (Mudharabah) • eCustody
• Maybank TabunganKu iB (Wadiah)
• Maybank Simpel iB (Mudharabah)
• Maybank Super Valas iB (Mudharabah)
• Maybank iB Current Account (Mudharabah, Wadiah)
• Maybank iB Time Deposits (Mudharabah)
• Maybank Rekening Tabungan Jemaah Haji (RTJH) (Mudharabah)
• Maybank U Savings iB
• Maybank Current Account Multicurrency iB (Mudharabah)
FINANCING PRODUCTS
• Consumer
- Property Ownership Financing iB (Musyarakah Mutanaqisah)
- Property – based Consumer Financing iB (Musyarakah
Mutanaqisah)
- Kredit Properti Fix & Fix
- Property Financing iB Bebas (Musyarakah Muthanaqisah)
- Joint Financing – Shariah Auto Finance
• Non Consumer
Cash
- Musyarakah Mutanaqisah (MMq)
- Musyarakah Financing
- Mudharabah Financing
- Murabahah Financing
- IMBT Leasing iB
- Invoice Financing iB Buyer
- Invoice Financing iB Seller
- Working Capital Line - Musyarakah
- Sharia Trade Financing Trust Receipt iB – Musyarakah
- Sharia Trade Financing LC/SKBDN UPAS iB – Kafalah Bil Ujrah
- Sharia Trade Financing LC/SKBDN UPAU iB - Kafalah Bil Ujrah
- Sharia Trade Financing Pre- Shipment Financing – Musyarakah
Non Cash
- Letter of Credit (L/C) iB (Kafalah)
- SKBDN iB/Domestic L/C iB (Kafalah)
- Shariah Guarantee (Guarantee iB)
- Documentary Collection iB
90 2024 Annual Report
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Governance Responsibility
Board of
Commissioners Profile
Dato’ Khairussaleh Ramli
President Commissioner
Citizenship
Malaysian citizen
Age
57 Years old
Domicile
Malaysia
History of Education Education and Training 2024
• Bachelor of Science in Business Administration, Washington • Fireside Chat at the United Kingdom Education Centre (UKEC) in
University, USA London – Making Your Mark
• Advanced Management Program, Harvard Business School, Boston • JC3-GFANZ CEO Roundtable Luncheon – A Just Transition towards
Legal Basis of Appointment a Shared Future
Appointed as President Commissioner of PT Bank Maybank • Mandatory Accreditation Programme Part II
Indonesia, Tbk based on the decision of the Annual General Meeting Leading for Impact (LIP) – Building High-impact Boards for
of Shareholders (AGMS) dated 25 March 2022 and has received Sustainable Growth
approval for the Fit and Proper Test Assessment from the Financial • Global Forum on Islamic Economic and Finance – “A Just Transition
Services Authority with an effective date of 4 October 2022, with a towards a Shared Future”
term of office until the closing of the Company’s Annual GMS in 2025 • Briefing on IFRS 17
Working Experience • BNM Sasana Symposium 2024 – Structural Reforms: Making it a
• Director, Corporate Services, Pigas Engineering Sdn Bhd (1997- Reality for Malaysia – Roles of Finance in implementing Structural
1998) Reforms (zoom)
• Bursa Malaysia Berhad: • Ageas Partnership Days 2024 – Reinsurance, Sustainable
- Senior Manager, International Affairs (1998-2001) Investments and Insights on AI, New Technologies and Innovation
- Vice President, Planning and Development (2001-2002) • Maybank Board Strategy Session: -
- Senior Vice President, Finance and Strategy (2002-2004) i. AI/Gen AI; and
- Chief Financial Officer (2004-2006) ii. M25+ “Tech-for-Tech”: An Analysis and the Journey Ahead
• Telkom Malaysia Berhad: • Maybank Annual Board Risk Workshop
- Chief Executive, TM Ventures (2006-2008) - Risk Landscape
- Group Strategy Officer (2008) - Economic Outlook
• Group Chief Financial Officer, Malayan Banking Berhad Group - Basel III Reforms
(2008-2012) - Al Frontier: Navigating Opportunities and Risks Responsibly
• President Director and Chief Executive Officer, PT Bank Maybank (PwC)
Indonesia, Tbk (2012-2013) - Cyber and Technology Risk Management (Deloitte)
• RHB Banking Group: • PayNet – AI, Digital Identity & the Future of Payments: Role of
- Deputy Group Managing Director (2013-2015) National Payments Infrastructures
- Group Managing Director (2015 – 2022) • ESG: Global Trends and Rising Stakeholder Demand for Board of
• Non-Executive Director - Cagamas Holdings Berhad (2022-2024) Directors
Concurrent Position • IIF Annual Membership Meeting titled – Views from C-Suite:
Other Listed Company Opportunities, Risks and Challenges for Emerging Markets
• President & Group Chief Executive Officer - Malayan Banking • Sustainable Finance Forum 2024
Berhad Group (Maybank) (since 2022) • Refreshment Training on AML/CFT/PF Training
Other Institution • i. Banking-as-a-Service; and
• Non-Executive Director - Payments Network Malaysia Sdn Bhd ii. Open Banking
(Paynet) (since 2022) Affiliate Relationship
Committee Membership • Not affiliated with members of the Board of Commissioners and
Member of Nomination and Remuneration Committee Board of Directors of the Bank;
• Affiliated with majority Shareholders of the Bank.
Term of Office
2022 – 2025
2024 Annual Report PT Bank Maybank Indonesia Tbk 91
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and Analysis
Marina R Tusin
Independent Commissioner
Citizenship
Indonesian citizen
Age
68 Years old
Domicile
Jakarta, Indonesia
History of Education Committee Membership
Bachelor of Psychology, University of Indonesia, Indonesia • Chairwoman also Member of Nomination and Remuneration
Legal Basis of Appointment Committee
Appointed as Independent Commissioner of PT Bank Maybank • Member of Risk Oversight Committee
Indonesia, Tbk based on the decision of the Annual General Meeting • Member of Whistleblowing Governance Committee
of Shareholders (AGMS) dated 1 April 2024 and has received approval Education and Training 2024
for the Fit and Proper Test Assessment from the Financial Services • Sertifikasi Manajemen Risiko Jenjang 6 - LSPP
Authority with an effective date of 19 July 2024, with a term of office • National Anti Fraud Conference 2024
until the closing of the Company’s Annual GMS in 2027 • Penyelarasan SMR BOC: 18-20 September 2024
Working Experience • Seminar Nasional dan Pengukuhan PIA 2024
• Researcher, UNIKA Atma Jaya Research Centre (1981-1983) • M25+ Grand Showcase
• Partner, PT PwC Indonesia Konsultan (1983-2002) • Refreshment Training on AML/CFT/PF Training
• Founding and Managing Partner, TASS Consulting (2002-2012) Affiliate Relationship
• President Director, PT PwC Consulting Indonesia (Partner PwC Not affiliated with other members of the Board of Commissioners,
South East Asia Consulting) (2013-2024) the Board of Directors and the majority Shareholders of the Bank.
Concurrent Position Term of Office
Other Listed Company 2024 – 2027
No concurrent positions
Other Institution
No concurrent positions
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Achjar Iljas
Independent Commissioner
Citizenship
Indonesian citizen
Age
76 Years old
Domicile
Jakarta, Indonesia
History of Education Other Experience – International
• Bachelor of Economics, Universitas Indonesia, Indonesia • Assistant to Executive Director, IMF, Washington, D.C., USA (1986-
• Master of Arts in Economics, Duke University, USA 1990)
• Master of Law and Business Science, Universitas Padjadjaran, • Adviser and/or member of the Indonesian delegation to
Bandung international conferences and meetings such as IGGI/CGI, IMF,
Legal Basis of Appointment World Bank, ADB, IDB, GATT/WTO, APEC, and BIS (1999-2002)
• Appointment: Resolution of AGMS dated 22 April 2013 • Alternate Governor for Indonesia, World Bank Group (1999-2002)
• Effectively in serve: 20 February 2014 • Member, Executive Committee, APRACA (Asia Pacific Rural &
• Reappointment: Agricultural Credit Association) (1999-2002)
- AGMS dated 22 April 2016 • Member, EMEAP (Executive Meeting of East Asia & Pacific Central
- AGMS dated 29 March 2019 Banks (1999-2002)
- AGMS dated 25 March 2022 • Member, Board of Directors SEACEN Centre (The South East Asia
Working Experience Central Banks Research & Training Centre) (1999-2002)
• BNI 1946 (PT Bank BNI Tbk), Kramat Branch, Jakarta (1967-1973) • Member, SEANZA (South East Asia, New Zealand & Australia
• Internal Audit Department, First National City Bank (Citibank) Central Banks) (1999-2002)
Jakarta (1974) • Founding Signatories of IIFM (International Islamic Financial
• Bank Indonesia (central Bank), staff to Deputy Governor: Market), Bahrain (2001)
1. Director, Economics & Statistics Department (1993-1996) • Member, Preparation Committee, IFSB (Islamic Financial
2. Executive Director, Economic & Monetary Statistics Department Supervisory Board), Kuala Lumpur, Malaysia (2000- 2002)
(1996-1997) Concurrent Position
3. Executive Director, Economic Research & Monetary Policy Other Listed Company
Department (1996-1998) No concurrent positions
4. Deputy Governor, in charge of various areas including (1998- Other Institution
2002): • Advisor, IAEI (since 2004)
- Economic Research & Monetary Policy Department; • Advisor, ASBISINDO (since 2006)
- Economic & Monetary Statistics Department • Lecturer in Postgraduate Studies at Institute Technology and
- Human Resources Department; Business Ahmad Dahlan (ITBAD) (since 2009)
- Credit Department; • Lecturer in Postgraduate Studies at STIE Indonesia Banking School
- Foreign Department; (since 2014)
- Legal & Secretariat Department. • Faculty Member, Bank Indonesia Institute (since 2016)
• Independent Commissioner, PT Bank Negara Indonesia Tbk (2003- Committee Membership
2010) • Chairman also Member of Audit Committee
• Independent Commissioner, PT BNP Paribas Indonesia (2005- • Member of Risk Oversight Committee
2007) Education and Training 2024
• President Commissioner, PT Bank Negara Indonesia Syariah (2010- • Risk Management Certification Training (Jenjang 6)
2013) • Resertifikasi SMR BOD BOC
Other Experience – Domestic • Annual Board Risk Workshop 2024
• Chairman, Expert Board, Economic Council, PP Muhammadiyah • Penyelarasan SMR BOC: 18-20 September 2024
(2003-2005) • GS: Future of Work AI-Driven Banking
• Chairman, Economic Council, PP Muhammadiyah (2005-2006) • M25+ Grand Showcase
• Member, Advisory Board, ABSINDO (Baitul Maal Wattamwil • Refreshment Training on AML/CFT/PF Training
Association) (2005-2010) Affiliate Relationship
• Member, Shariah Banking Committee, Bank Indonesia (2013-2014) Not affiliated with other members of the Board of Commissioners,
the Board of Directors and the majority Shareholders of the Bank.
Term of Office
2022-2025
2024 Annual Report PT Bank Maybank Indonesia Tbk 93
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and Analysis
Hendar
Independent Commissioner
Citizenship
Indonesian citizen
Age
67 Years old
Domicile
Jakarta, Indonesia
History of Education Concurrent Position
• Bachelor of Economic in Management, Universitas Padjadjaran Other Listed Company
Bandung. No concurrent positions
• Master of Art, in Development Economics, Center for Other Institution
Development Economics Williams College, USA • Lecturer at STIE Indonesia Banking School (IBS) Jakarta (since
• Doctoral degree in Business Management, Universitas Padjadjaran, 2017)
Indonesia. • Advisor PT Visa Worldwide Indonesia (since 2022)
Legal Basis of Appointment Committee Membership
• Appointment: Resolution of Extraordinary GMS dated 16 October • Chairman also Member of Risk Oversight Committee
2017 • Chairman also Member of Integrated Good Corporate Governance
• Effectively in serve: 22 January 2018 Committee
• Reappointment: • Alternate Chairman also Member of Whistleblowing Governance
- AGMS dated 30 March 2020 Committee
- AGMS dated 31 March 2023 • Member of Audit Committee
Working Experience • Member of Nomination and Remuneration Committee
• Credit Planning and Supervision Staff, General Credit Bank Education and Training 2024
Indonesia (1983-1990) • Risk Management Certification Training (Jenjang 6)
• Head of Credit Section, Bank Indonesia Padang Branch (1990-1995) • Resertifikasi SMR BOD BOC
• Head of Section for Balance of Payments Statistics Division, • Annual Board Risk Workshop 2024
Economic and Monetary Affairs Bank Indonesia (1995-1996) • Executive Overview Direktur Keuangan (as Facilitator)
• Economic Researcher, Department of Microeconomic Studies, • ESG Talk: Global Trends and Rising Stakeholder Demand” by Ernst
Economic Research Affairs and Monetary Policy Bank Indonesia & Young
(1996-1997) • Penyelarasan SMR BOC: 18-20 September 2024
• Deputy Head of the Balance of Payments Statistics Section, • GS: Future of Work AI-Driven Banking
Economic Research Affairs and Monetary Policy Bank Indonesia • M25+ Grand Showcase
(1997-1999) • Refreshment Training on AML/CFT/PF Training
• Head of Balance of Payment Statistics Section Bank Indonesia Affiliate Relationship
(1999-2003) Not affiliated with other members of the Board of Commissioners,
• Head of Policy Analysis and Planning Bank Indonesia (2003- 2004) the Board of Directors and the majority Shareholders of the Bank.
• Head of the Monetary Policy Bureau (2004-2009) Term of Office
• Executive Director of the Monetary Management Department 2023 – 2026
Bank Indonesia (2009-2013)
• Assistant Governor of Bank Indonesia Payment System, Money
Circulation and Information System Management, Bank Indonesia
(2013)
• Deputy Governor of Bank Indonesia (2013-2016)
• President Commissioner PT Kebon Agung (2017-2023)
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Edwin Gerungan
Commissioner
Citizenship
Indonesian citizen
Age
76 Years old
Domicile
Jakarta, Indonesia
History of Education Concurrent Position
Bachelor of Philosophy/Economy, Principia College, Elsah, Illinois, Other Listed Company
USA No concurrent positions
Legal Basis of Appointment Other Institution
• Appointment: Resolution of the AGMS dated 31 March 2017 • President Commissioner - PT Melchor Tiara Pratama (Melchor
• Effectively in serve: 2 March 2018 Group) (since 2021)
• Reappointment: Committee Membership
- AGMS dated 30 March 2020 • Member of Nomination and Remuneration Committee
- AGMS dated 31 March 2023 • Member of Risk Oversight Committee
Working Experience • Member of Information Technology Oversight Committee
• Vice President, Head of Treasury and Financial Markets Citibank Education and Training 2024
NA (1972-1997) • Risk Management Certification Training (Jenjang 6)
• Senior Advisor, Atlantic Richfield (1997-1999) • Resertifikasi SMR BOD BOC
• Executive Vice President, PT Bank Mandiri Indonesia Tbk (1999- • Annual Board Risk Workshop 2024
2000) • Penyelarasan SMR BOC: 18-20 September 2024
• Head of BPPN, Indonesian Bank Restructuring Agency (“IBRA”)/ • GS: Future of Work AI-Driven Banking
BPPN (2000-2001) • M25+ Grand Showcase
• Commissioner, PT Bank Central Asia Tbk (2002-2003) • Refreshment Training on AML
• Independent Commissioner, PT Bank Danamon Indonesia Tbk Affiliate Relationship
(2003-2005) • Not affiliated with other members of the Board of Commissioners
• President Commissioner, PT Bank Mandiri Indonesia Tbk (2005- and Board of Directors of the Bank;
2014) • Affiliated with majority Shareholders of the Bank.
• President Director, PT BHP BILLITON (2007-2013) Term of Office
• Commissioner, PT Indonesia Infrastructure Finance (2014-2018) 2023 - 2026
• Independent Non-Executive Director, Malayan Banking Berhad
(2015-2024)
2024 Annual Report PT Bank Maybank Indonesia Tbk 95
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and Analysis
Datuk Lim Hong Tat
Commissioner
Citizenship
Malaysian citizen
Age
65 Years old
Domicile
Selangor, Malaysia
History of Education Committee Membership
Bachelor of Economics in Business Administration (Honors), • Member of Risk Oversight Committee
University of Malaya, Malaysia • Member of Information Technology Oversight Committee
Legal Basis of Appointment Education and Training 2024
• Appointment: Resolution of Extraordinary GMS dated 18 October • Risk Management Certification Trainig
2018 • Qualification 6 Field of Bank Risk Management Fast Track
• Effectively in serve: 5 August 2019 • Mandatory Accreditation Programme Part II: Leading for Impact
• Reappointment: • Annual Board Risk Workshop 2024
- AGMS dated 26 March 2021 • Penyelarasan SMR BOC: 21-23 Agustus 2024
- AGMS dated 1 April 2024 • ESG Talk: Global Trends and Rising Stakeholder Demand” by Ernst
Working Experience & Young
• Chief Manager, Maybank (1997-2000) • Areca Capital Sdn Bhd - Anti Money Laundering and Anti Bribery
• President & CEO, Maybank Philippines Inc (2000-2006) and Corruption Training
• Senior Executive Vice President, Maybank (2006-2008) • The Future of Work In AI-Driven Banking: Preparing for a New
• Deputy President, Maybank Malaysia (2008-2013) Landscape
• Group Head CFS & CEO, Maybank Singapore (2014-2017) • Refreshment Training on AML/CFT/PF Training
• Non-Executive Director, Maybank Philippines Inc (2014-2023) Affiliate Relationship
• Group CEO – CFS, Maybank (2017-2018) • Not affiliated with other members of the Board of Commissioners
• Senior Advisor, Creador (Private Equity Co,). (2018-2021) and Board of Directors of the Bank;
Concurrent Position • Affiliated with majority Shareholders of the Bank.
Other Listed Company Term of Office
• Independent Non-Executive Director – Malaysia Smelting 2024-2027
Corporation Berhad (MSC) (since 2022)
• Independent Non-Executive Director/Maybank (Cambodia) Plc
(MCP) (since 2024)
Other Institution
• Senior Advisor, Areca Capital Sdn Bhd. (since 2018)
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Putut Eko Bayuseno
Independent Commissioner
Citizenship
Indonesian citizen
Age
63 Years old
Domicile
Jakarta, Indonesia
History of Education Concurrent Position
Bachelor of Laws degree, Bhayangkara University, Surabaya, East Java Other Listed Company
Legal Basis of Appointment No concurrent positions
• Appointment: Resolution of AGMS dated 26 March 2021 Other Institution
• Effectively in serve: 7 September 2021 Commissioner, PT Agincourt Resources (since 2020)
• Reappointment: AGMS dated 1 April 2024 Committee Membership
Working Experience • Chairman also Member of Whistleblowing Governance Committee
• Adjutant to the President of the Republic of Indonesia, Susilo • Member of Risk Oversight Committee
Bambang Yudhoyono, Indonesia National Police Agency. (2004- • Member of Audit Committee
2009) Education and Training 2024
• Vice Chief of Metro Jaya Regional Police, Indonesia National Police • Annual Board Risk Workshop 2024
Agency (2009-2011) • Penyelarasan SMR BOC: 18-20 September 2024
• Chief of Banten Regional Police, Indonesia National Police Agency • GS: Future of Work AI-Driven Banking
(2011) • M25+ Grand Showcase
• Chief of West Java Regional Police, Indonesia National Police • Training SMR J6 BOC 13 November 2024
Agency (2011-2012) • Ujian Sertifikasi SMR J6 BOC 20 November 2024
• Chief of Metro Jaya Regional Police, Indonesia National Police • Refreshment Training on AML/CFT/PF Training
Agency (2012-2014) Affiliate Relationship
• Head of the Security Maintenance Board, Indonesia National Not affiliated with other members of the Board of Commissioners
Police Agency (2014- 2017) and the majority shareholder.
• Chief Executive of the Illegal Levy Eradication Task Force - the Term of Office
Coordinating Ministry for Political, Legal and Security Affairs, 2024-2027
Indonesia National Police Agency. (2017-2019)
• Inspector of General Supervision, Indonesian National Police
(2017-2019)
• Advisor, PT Hyundai Indonesia (2019-2021)
• Commissioner, PT Infosys Solusi Terpadu (2019-2021)
2024 Annual Report PT Bank Maybank Indonesia Tbk 97
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and Analysis
Dato’ Zulkiflee Abbas
Abdul Hamid
Commissioner
Citizenship
Malaysian citizen
Age
67 Years old
Domicile
Malaysia
History of Education Education and Training 2024
• Bachelor of Science in Marketing, Southern Illinois University • Global Forum on Islamic Economics and Finance (GFIEF)
• Master of Business Administration, Southern Illinois University • Briefing on IFRS 17
• Advanced Management Programme, The Wharton School of • Engagement Session with FIDE FORUM Members on BNM Annual
Business, University of Pennsylvania Report 2023, Economic and Monetary Review 2023 and Financial
Legal Basis of Appointment Stability Review 2H 2023
Appointed as Commissioner of PT Bank Maybank Indonesia, Tbk • BNM Sasana Symposium 2024 (SS2024)
based on the resolution of the General Meeting of Shareholders • Maybank Board Strategy Session:
(GMS) dated 25 March 2022 and has received approval of Fit and - AI/Gen AI; and
Proper Test Assessment from the Financial Services Authority with an - M25+ “Tech-for-Tech”: An Analsys and the Journey Ahead
effective date of 6 July 2022, with a term of office until the closing of • Preparation for e-Invoicing Implementation
the Company’s Annual GMS in 2025. • Maybank Annual Board Risk Workshop:
- Risk Landscape
Working Experience - Economic Outlook
• Enterprise Banking, Corporate Banking, International Banking and - Basel III Reforms
Credit Management, Maybank (1981-2005) - Al Frontier: Navigating Opportunities and Risks Responsibly
• Affin Bank Berhad: (PwC)
- Director, Business Banking (2005-2009) - Cyber and Technology Risk Management (Deloitte)
- Managing Director/Chief Executive Officer (2009-2015) • FIDE Elective: Market Risk Management - Banking Sector
• Chief Executive Officer, Affin Holdings Berhad (2014-2015) • Preventing Fraud: The Board’s Roles and Responsibilities
• Independent Non-Executive Director, Maybank Islamic Berhad • Distinguished Board Leadership Series 2024: Digital
(2016-2017) Transformation of the World’s Best Bank
• President/Managing Director, Bank Kerjasama Rakyat Malaysia • ESG: Global Trends and Rising Stakeholder Demand for Board of
Berhad (2017-2019) Directors
Concurrent Position • Directors Guide to Cybersecurity Oversight
Other Listed Company • Khazanah Megatrends Forum 2024
• Independent Non-Executive Director, di Malayan Banking Berhad • Carbon Markets: What Directors Need to Know
Group (Maybank) (since 2019) • IIF-Maybank Sustainable Finance Forum 2024
• Independent Non-Executive Director and Chairman Maybank Affiliate Relationship
Islamic Berhad (since 2019) • Not affiliated with other members of the Board of Commissioners,
Other Institution the Board of Directors and the majority Shareholders of the Bank;
No concurrent positions • Affiliated with majority Shareholders of the Bank.
Committee Membership Term of Office
• Chairman also Member of Information Technology Oversight 2022-2025
Committee
• Member of Risk Oversight Committee
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Daniel James Rompas*
Independent Commissioner
Citizenship
Indonesian citizen
Age
66 Years old
Domicile
Jakarta, Indonesia
History of Education Concurrent Position
Bachelor of Economics, Universitas Jayabaya Jakarta, Indonesia Other Listed Company
Legal Basis of Appointment No concurrent positions
Appointed as Independent Commissioner of PT Bank Maybank Other Institution
Indonesia, Tbk based on the resolution of the Extraordinary General • Member of the Board of Trustee Dana Pensiun Gereja Kristen
Meeting of Shareholders (EGMS) on 27 September 2024. Indonesia (“GKI”) (since 2019)
• Treasurer, Lembaga Perguruan Tinggi Teologi Indonesia (since
*) The appointment of Daniel James Rompas as Independent Commissioner of the Company 2023)
takes effect as of 3 January 2025 as per approval from the relevant Regulator.
Committee Membership
• Observer of Audit Committee
Working Experience
• Observer of Risk Oversight Committee
• Control Division, Citibank, Jakarta (1982-1985)
• Observer of Integrated Good Corporate Governance Committee
• Credit Dept, PT Citicorp Leasing Indonesia, Jakarta (1985-1986)
Education and Training 2024
• PT Bank Niaga/PT Bank CIMB Niaga, Jakarta:
• Sertifikat Kompetensi Kualifikasi 6 Bidang Manajemen Risiko
- Overseas Branch Department (1987-1996)
Perbankan Tanpa Berjenjang - LSPP
- Merchant Banking Group Head (1996-1998)
• Training SMR BOC Jenjang 6-7 Oktober 2024
- Remedial Group Head (1998-1999)
• GS: Future of Work AI-Driven Banking
- Risk Management Director (1999-2004)
• M25+ Grand Showcase
- Business Banking Director (2004-2006)
• Refreshment Training on AML/CFT/PF Training
- Vice President Director/Retail Banking Director (2006-2008)
Affiliate Relationship
- Credit & Enterprise Risk Management Director concurrently
Not affiliated with other members of the Board of Commissioners
Finance & Corporate Planning Director (2008-2009)
and the majority shareholder.
- Vice President Director - Credit & Risk Management (2009-
Term of Office
2013)
2024-2027
- Vice President Director - MSME, Commercial Banking & Shariah
(2013-2016)
• Treasurer, Yayasan Marturia, Diakonia dan Koinonia (“MARDIKO”)
(2019-2024)
• Lembaga Pembiayaan Export Indonesia (LPEI), Jakarta:
- Chairman of the Board of Directors concurrently Executive
Director (2019-2021)
- Member of Board of Director (2022-2024)
• President Commissioner, PT IEB Prima Aset (2022-2023)
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and Analysis
Board of
Directors Profile
Steffano Ridwan
President Director
Citizenship
Indonesian citizen
Age
51 Years old
Domicile
Jakarta, Indonesia
History of Education • Head of Business Banking (Board of Management) PT Bank BTPN
Bachelor of Science in Business Administration Oklahoma State Tbk (2018-2020)
University, United States of America. • Director Community Financial Services (CFS) PT Bank Maybank
Legal Basis of Appointment Indonesia Tbk (2020-2024)
Appointed as President Director of PT Bank Maybank Indonesia, Concurrent Position
Tbk based on the resolution of the Annual General Meeting of Other Listed Company
Shareholders (AGMS) dated 1 April 2024 and has received approval of No concurrent positions
Fit and Proper Test Assessment from the Financial Services Authority Other Institution
with an effective date of 11 July 2024, with a term of office until the A member of Board of Commissioners PT Maybank Finance Indonesia
closing of the Company’s Annual GMS in 2027 (since 2020)
Working Experience Committee Membership
• Sales Supervisor, Herbalife International Inc., Stillwater, Oklahoma, • Chairman also Member of Risk Management Committee
USA (1994-1995) • Chairman also Member of Assets & Liabilities Management
• Management in Trainee, Builders Square, Tulsa, Oklahoma, USA Committee
(1995) • Chairman also Member of Information Technology Steering
• CITIBANK Committee
- Citiphone Banking Office/Liabilities Product & Complaint • Alternate Chairman also Member of Integrated Risk Management
Resolution Champion – Assistant Manager (1996-1998) Committee
- Branch & ATM Expansion Project – Assistant Manager (1998- • Chairman also Member of Credit Committee 1
1999) • Chairman also Member of Credit Restructuring Committee 1
- Bank Card Sales Manager (1999-2000) • Chairman also Member of Credit Policy Committee
- Bank Card Deputy Regional Sales Manager (2001) • Chairman also Member of Human Capital Committee
- Bank Card Regional Sales Manager for Jakarta Area – Assistant • Chairman also Member of Transformation Steering Committee
Vice President (2001- 2002) • Chairman also Member of Joint Steering Committee
• Standard Chartered Bank Education and Training 2024
- Head of National Sales, Consumer Banking (2003-2006) • Training SMR BOD Jenjang 7
- Value Centre General Manager Shared Distribution Consumer • Resertifikasi SMR
Banking (2006-2007) • Essentials of Islamic Banking & Finance
• Retail Banking Lending Head – Senior Vice President, PT Bank • Guru Series: Economic Outlook Indonesia
Danamon Indonesia Tbk (2007-2008) • Data Summit 2024
• PT Bank DBS Indonesia • M25+ Grand Showcase
- Head of Consumer Finance Business – Senior Vice President Affiliate Relationship
(2008-2009) Not affiliated in financial or familial relationships with other members
- Deputy Head of Consumer Banking Group (2010) of the Board of Directors, Board of Commissioners, the majority and
- Managing Director, Director of Consumer Banking Group (2010- controlling shareholder.
2015) Term of Office
- Acting President Director (CEO) for DBS Indonesia (2015) 2024-2027
- Managing Director, Director of Commercial & SME Banking
(2015-2018)
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Governance Responsibility
Shaiful Adhli Yazid
Director
Citizenship
Malaysian citizen
Age
52 Years old
Domicile
Jakarta, Indonesia
History of Education Concurrent Position
• B.A. (Econ.) Accounting and Finance, The University of Manchester Other Listed Company
• Master of Business Administration (Distinction), University of No concurrent positions
Wales-Cardiff, Wales Other Institution
Legal Basis of Appointment No concurrent positions
Appointed as Director of PT Bank Maybank Indonesia, Tbk based Committee Membership
on the decision of the Annual General Meeting of Shareholders • Chairman also Member of Internal Audit Committee
(AGMS) dated 1 April 2024 and has received approval for the Fit and • Member of Risk Management Committee
Proper Test Assessment from the Financial Services Authority with • Member of Assets & Liabilities Management Committee
an effective date of 26 August 2024, with a term of office until the • Member of Information Technology Steering Committee
closing of the Company’s Annual GMS in 2027 • Member of Credit Committee 1 & 2
• Member of Credit Restructuring Committee 1 & 2
Working Experience • Member of Credit Policy Committee
• Auditor, Deloitte Touche Tohmatsu Johor, Malaysia (1996-1999) • Member of Human Capital Committee
• Manager-Audit, KPMG Singapore (1999-2005) • Member of Human Capital Disciplinarian Committee
• Head of Finance-South East Asia, Macquarie Bank Singapore • Member of Transformation Steering Committee
(2005-2011) • Member of Joint Steering Committee
• Credit Suisse AG Singapore (2011-2012) Education and Training 2024
- Head-Accounting Policy & Assurance Group, APac • Sertifikasi Manajemen Risiko Perbankan - Jenjang 7
- Director, Head-Finance New Business • Guru Series: Economic Outlook Indonesia
• Senior Manager, Operational Risk-Malaysia and Indonesia, Royal • Seminar Penyelarasan SMR BOD
Bank of Scotland Singapore (2013) • Leaders Walk the Talk-Lite Agile
• Partner, Forrestone Management Consultants Singapore • Lite Agile Mini Showcase & Awards Daya
(2013-2015) • Global CFO Forum 2024 Fin. Transformation
• CFO, National Bank of Abu Dhabi (2015-2018) Affiliate Relationship
• Chief Financial Officer (“CFO”), Maybank Islamic Not affiliated in financial or familial relationships with other members
Berhad(2018-2023) of the Board of Directors, Board of Commissioners, the majority and
• Adviser-Group Finance, Malayan Banking Berhad (2023-2024) controlling shareholder.
Term of Office
2024-2027
2024 Annual Report PT Bank Maybank Indonesia Tbk 101
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and Analysis
Irvandi Ferizal
Director
Citizenship
Indonesian citizen
Age
56 Years old
Domicile
Jakarta, Indonesia
History of Education Education and Training 2024
Bachelor in Psychology with cum laude, Universitas Padjadjaran • Training SMR BOD Jenjang 7
Legal Basis of Appointment • Resertifikasi SMR
• Appointment: Resolution of EGMS dated 1 December 2015 • Essentials of Islamic Banking & Finance
• Effectively in serve: 21 January 2016 • Guru Series: Economic Outlook Indonesia
• Reappointment: • Seminar Penyelarasan SMR BOD
- Resolution of GMS dated 6 April 2018 • Sesi Brown Bag IBI
- Resolution of GMS dated 26 March 2021 • Leaders Walk the Talk-Lite Agile
- Resolution of GMS dated 1 April 2024 • Lite Agile Mini Showcase & Awards Daya
Working Experience • GS: Future of Work AI-Driven Banking
• Training & Development Manager PT Kalbe Farma (1992-1996) • Data Summit 2024
• Training & Development Manager TNT Indonesia (1996-1998) • M25+ Grand Showcase
• Country HR Director TNT Indonesia (1998-2008) Affiliate Relationship
• Head of Human Resources for Sub Region Indonesia Nokia Not affiliated in financial or familial relationships with other members
Siemens Network (2008- 2011) of the Board of Directors, Board of Commissioners, the majority and
• Director of HR Indonesia & HR Leader for Southeast Asia Region controlling shareholder.
(ISC Department) Mondelez International (2011-2015) Term of Office
Concurrent Position 2024-2027
Other Listed Company
No concurrent positions
Other Institution
No concurrent positions
Committee Membership
• Chairman also Member of Human Capital Disciplinarian
Committee
• Member of Risk Management Committee
• Member of Information Technology Steering Committee
• Member of Internal Audit Committee
• Member of Human Capital Committee
• Member of Transformation Steering Committee
• Member of Joint Steering Committee
• Member of Whistleblowing Governance Committee
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Effendi
Director
Citizenship
Indonesian citizen
Age
54 Years old
Domicile
Jakarta, Indonesia
History of Education • Deputy Chairman also Member of Credit Policy Committee
• Bachelor of Petroleum Engineering, Institut Teknologi Bandung • Member of Assets & Liabilities Management Committee
(ITB) (1994) • Member of Information Technology Steering Committee
• Master of Business Administration, MMU University Malaysia • Member of Internal Audit Committee
Legal Basis of Appointment • Member of Human Capital Committee
• Appointment: Resolution of AGMS dated 31 March 2017 • Member of Transformation Steering Committee
• Effectively in serve: 21 July 2017. • Member of Joint Steering Committee
• Reappointment: • Member of the Whistleblowing Governance Committee
- AGMS dated 30 March 2020 Education and Training 2024
- AGMS dated 31 March 2023 • New Year Townhall
Working Experience • Sale Summit Award
• Project Engineer Oil Production Sharing, PT Arco Indonesia (1994- • Maybank Marathon Press Conference
1995) • BOD Risk Management Certification Training Session
• Account Officer, PT Bank Danamon Indonesia Tbk (1995-1999) • Ujian BSMR Level 7
• Senior Staff (Manager) Task Force BBKU- Asset Management • Maybank Group Townhall: 4Q & Full Year FY 2023 Performance
Investment, Indonesia Bank Restructuring Agency (“IBRA”) (1999- Results and M25+ Updates
2000) • Business Alignment - Q1 2024
• Group Head (AVP) Risk Management Credit Review Division, IBRA • Annual General Meeting
(BPPN) (2000-2004) • Leadership Townhall Meeting
• Financial Controller (on behalf of IBRA), PT Pindo Deli Pul & Paper • BOD Offisite Meeting
Mills ad PT Lontar Papyrus Pulp & Paper Industry (APP Sinar Mas • Seminar Penyelarasan Sertifikasi Manajemen Risiko
Group) (2002-2003) • Engagement Session with EXCO
• Credit Adviser – Credit Risk Division, PT Bank Central Asia Tbk • Launch Event Maybank x Manchester United Cobrand Card
(2004-2007) • 2nd Annual Chief Risk Officer
• Senior Risk Manager (AVP), PT Bank Internasional Indonesia Tbk • Pembicara di METI ROUNDTABLE TALK SERIES #2 - Inovasi
(2007-2008) Pendanaan untuk Membuka Peluang Investasi Pengembangan
• Corporate Banking Risk Head (VP), PT Bank Maybank Indonesia Energi Terbarukan
Tbk (2008) • Sosialisasi Implementasi Undang-undang PDP Konglomerasi
• Bankwide Risk Head (VP), PT Bank Maybank Indonesia Tbk (2008- Maybank Indonesia
2009) • Guru Series Economic Outlook Indonesia 2024-2025
• Credit Risk Management Group Head (SVP-PE) PT Bank Maybank • Pembicara di Leaders Sharing Session - Area Branch Manager
Indonesia Tbk (2009- 2015) Preparation Program Batch 1
• Chief Credit Officer (EVP-PE), PT Bank Maybank Indonesia Tbk • Lite Agile Mini Showcase & Awards Day
(2015-2017) • Guru Series - Digital Banking, The Future of work In AI - Driven
Concurrent Position Banking for a new Landscape
Other Listed Company • Business Alignment - Q4 2024
No concurrent positions • Cloud & AI Summit for Financial Services Industry
Other Institution • Maybank Indonesia Staff Townhall
No concurrent positions • Refreshment Training on AML/CFT/PF
Committee Membership • Client Visit ke Pontianak
• Chairman also Member of Integrated Risk Management • Workshop Business Banking 5-6 December 2024 - Boost Energy
Committee 2025
• Alternate Chairman also Member of Credit Committee 1 Affiliate Relationship
• Chairman also Member of Credit Committee 2 Not affiliated in financial or familial relationships with other members
• Alternate Chairman also Member of Credit Restructuring of the Board of Directors, Board of Commissioners, the majority and
Committee 1 controlling shareholder.
• Chairman also Member of Credit Restructuring Committee 2 Term of Office
• Deputy Chairman also Member of Risk Management Committee 2023-2026
2024 Annual Report PT Bank Maybank Indonesia Tbk 103
Page 106
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Yessika Effendi
Director
Citizenship
Indonesian citizen
Age
52 Years old
Domicile
Jakarta, Indonesia
History of Education Concurrent Position
• Bachelor of Science (Math & Comp. Science) Other Listed Company
• Master of Business Administration (MBA), Purdue University No concurrent positions
Global Other Institution
Legal Basis of Appointment No concurrent positions
Appointed as Director of PT Bank Maybank Indonesia, Tbk based on Committee Membership
the decision of the Annual General Meeting of Shareholders (AGMS) • Member of Risk Management Committee
dated 1 April 2024 and has received approval for the Fit and Proper • Member of Information Technology Steering Committee
Test Assessment from the Financial Services Authority with an • Member of Credit Policy Committee
effective date of 11 July 2024, with a term of office until the closing of • Member of Internal Audit Committee
the Company’s Annual GMS in 2027 • Member of Human Capital Committee
• Member of Human Capital Disciplinarian Committee
Working Experience • Member of Transformation Steering Committee
• Citibank, N.A: • Member of Joint Steering Committee
- Manager Associate - Project Manager (1997-1998) • Member of Whistleblowing Governance Committee
- Assistant Manager - Collection and IATA-BSP Unit Head - Education and Training 2024
Citibank, N.A, Jakarta (1998-1999) • Sertifikasi Kompetensi - Manajemen Risiko Perbankan Jenjang 7
- Manager-Trade Operation Unit Head - Citibank, N.A, Jakarta • Guru Series: Economic Outlook Indonesia
(1999-2001) • Leaders Walk the Talk-Lite Agile
- Assistant Vice President - Deputy Transaction Delivery Head - • M25+ Grand Showcase
Citibank, N.A, Jakarta (2001) Affiliate Relationship
- Assistant Vice President-Document Checking and Export Not affiliated in financial or familial relationships with other members
Booking Unit Head - Citigroup Trade Services, Penang Malaysia of the Board of Directors, Board of Commissioners, the majority and
(2001-2003) controlling shareholder.
- Vice President - Trade and Remote Branches Operation Head - Term of Office
Citigroup, Jakarta (2004-2006) 2024-2027
- Senior Vice President - Cash and Trade Operations Head -
Citibank, N.A, Jakarta (2006-2008)
- Director - Global Transactions Services Operations Head -
Citibank, N.A, Jakarta (2008-2010)
- Direktur Kepatuhan - Citibank, N.A, Jakarta (2010-2017)
• Compliance Director, PT Bank HSBC Indonesia (2017-2020)
• Director of Compliance, Legal and Corporate Secretary, PT Bank
Commonwealth Indonesia (2020-2024)
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Governance Responsibility
Widya Permana
Director
Citizenship
Indonesian citizen
Age
55 Years old
Domicile
Jakarta, Indonesia
History of Education Education and Training 2024
• Bachelor of Economics, Universitas Padjadjaran, Bandung • Sales & Service Summit Award 2024
• Master of Business Administration, The University of Texas at San • CFE Exam - Fraud Prevention & Deterrence
Antonio, USA • Trade Transformation ID Workshop
Legal Basis of Appointment • BOD Risk Management Certification Training Session
• Appointment: Resolution of EGMS dated 18 October 2018 • CFE Exam - Financial Transactions & Fraud Schemes
• Effectively in serve: 18 January 2019 • BOD SMR Recertification Exam - Level 7
• Reappointment: • Essentials of Islamic Banking & Finance and Islamic Social
- Resolution of AGMS dated 26 March 2021 • Risk Management Certification Alignment Seminar
- Resolution of AGMS dated 1 April 2024 • Guru Series: Economic Outlook Indonesia
Working Experience • Islamic Sharing Session with Mufti Menk
• Head of Treasury Operations, Bank Credit Lyonnais Indonesia (1997- • Guru Series – Digital Banking, The Future of Work in AI-Driven
2001) Banking: Preparing for a New Landscape
• Head of Asia Control & Coordination Capital Markets Operations, • Refreshment Training on AML/CFT/PF Training
Credit Agricole, Hong Kong (2001-2005) • End Year Dialogue Activities Between Members of the Board of
• Head of Wholesale Banking Operations, Bank DBS Indonesia (2005- Commissioners and the Financial Services Industry
2009) • Business Banking Workshop - Branch Ops
• Acting Head of Technology & Operations, Bank DBS Indonesia (2010) Affiliate Relationship
• Head of Institutional Operations, Bank ANZ Indonesia (2010-2015) Not affiliated in financial or familial relationships with other members
• Director of Operations &Technology, Bank Sumitomo Mitsui Indonesia of the Board of Directors, Board of Commissioners, the majority and
(2015-2018) controlling shareholder.
Concurrent Position Term of Office
Other Listed Company 2024-2027
No concurrent positions
Other Institution
No concurrent positions
Committee Membership
• Member of Risk Management Committee
• Member of Assets & Liabilities Management Committee
• Member of Information Technology Steering Committee
• Member of Internal Audit Committee
• Member of Human Capital Committee
• Member of Transformation Steering Committee
• Member of Joint Steering Committee
2024 Annual Report PT Bank Maybank Indonesia Tbk 105
Page 108
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Bianto Surodjo
Director
Citizenship
Indonesian citizen
Age
52 Years old
Domicile
Jakarta, Indonesia
History of Education Concurrent Position
Bachelor of Chemical Engineering with Cum Laude, Faculty of Other Listed Company
Industrial Technology, Institut Teknologi Bandung (ITB) No concurrent positions
Legal Basis of Appointment Other Institution
Appointed as Director of PT Bank Maybank Indonesia, Tbk based on No concurrent positions
the resolution of the Extraordinary General Meeting of Shareholders Committee Membership
(EGMS) on 27 September 2024 and has obtained approval of Fit and • Member of Risk Management Committee
Proper Test from the Financial Service Authority (OJK), with effective • Member of Assets & Liabilities Management Committee
date December 23, 2024 with term of office until the closing of the • Member of Information Technology Steering Committee
Company’s AGMS in 2027. • Member of Credit Committeee 1 & 2
Working Experience • Member of Credit Restructuring Committee 1 & 2
• PT Procter & Gamble Indonesia, Tbk. (Fast Moving Consumer • Member of Credit Policy Committee
Good): • Member of Internal Audit Committee
- Sr. Research Associate for Asia-Pacific (1995-1997) • Member of Human Capital Committee
- Assistant Brand Manager (1997-1999) • Member of Transformation Steering Committeee
- Brand Manager (1999-2000) • Member of Joint Steering Committee
- Country Market Operations Manager (2000-2001) Education and Training 2024
• ABN AMRO Bank, N.V.: • MGIP Oktober 2024
- Product Manager - Liabilities (2001-2003) • Lite Agile Mini Showcase & Awards Day
- Prod. Manager Liabilities, FX & Investment (2003-2004) • Data Summit 2024
- Head of Products (2004-2005) • M25+ Grand Showcase
- Head of Products & FX Sales Distribution (2006) • Seminar Penyelarasan SMR bagi BOD
• PT Bank Internasional Indonesia, Tbk: Affiliate Relationship
- Head of Product & Business Development (Wealth Not affiliated in financial or familial relationships with other members
Management) (2006-2007) of the Board of Directors, Board of Commissioners, the majority and
- Head of Product & Business Development (Wealth Management controlling shareholder.
& Funding) (2007-2009) Term of Office
• Head of Premier & Wealth Management, PT Bank Barclays 2024-2027
Indonesia (2009-2010)
• PT Bank Permata, Tbk:
- Head of Retail Liabilities, Wealth Management & e-Channel
(2010-2013)
- Direktur (2014-2018)
• Direktur (Bisnis), PT Asuransi Allianz Life Indonesia (2019-2023)
• Komisaris Utama, PT Asuransi Allianz Life Syariah Indonesia (2023-
2024)
• Direktur (Strategic Transformation & Market Management),
PT Asuransi Allianz Life Indonesia (2024)
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Ricky Antariksa
Director
Citizenship
Indonesian citizen
Age
59 Years old
Domicile
Jakarta, Indonesia
History of Education Committee Membership
Bachelor of Industrial Engineering, Universitas Trisakti Jakarta • Member of Risk Management Committee
Legal Basis of Appointment • Member of Asset & Liabilities Management Committee
• Appointment: Resolution of AGMS dated 30 March 2020 • Member of Information Technology Steering Committee
• Effectively in serve: 13 July 2020 • Member of Credit Committee 1 & 2
• Reappointment: AGMS dated 31 March 2023 • Member of Credit Restructuring Committee 1 & 2
Working Experience • Member of Credit Policy Committee
• Citibank N.A. • Member of Human Capital Committee
- Management Associate & Junior Dealer (Management Trainee) • Member of Transformation Steering Committee
(1990-1995) • Member of Joint Steering Committee
- Risk Treasury Desk (1996-1999) Education and Training 2024
- Head of Fixed Income Sales & Trading (2000-2005) • BOD Risk Management Certification Training Session
• PT Bank Lippo Tbk • BOD Risk Management Re-examination
- Head of Fixed Income Sales & Trading (2006) • Essentials of Islamic Banking & Finance and Islamic Social Finance
- General Manager, Treasury Group (2006-2008) Programme
- Executive General Manager, Treasury – Treasury Group, PT Bank • SP9A Net Zero Carbon Calculation (NZCC) BOD Technical
CIMB Niaga Tbk (2008-2009) Workshop
• PT Bank Internasional Indonesia Tbk • Seminar Penyelarasan Sertifikasi Manajemen Resiko bagi Direksi
- Head of Global Market – Treasury (2009-2014) • Guru Series: Economic Outlook Indonesia 2024-2025
- Head, State Owned Enterprise (2014) • Lite Agile Mini Showcase & Awards Day
• PT Bank Maybank Indonesia Tbk • GS: Future of Work AI-Driven Banking
- Acting Head, Corporate Banking 1 (2014-2015) • Data Summit 2024
- Head, Public Sector & Energy (2014-2018) • M25+ Grand Showcase
- Acting Head, Local Corporate & Multinationals (2018-2019) • AML/CFT/PF Refreshment Training
- Head, Public Sector (2018-2020) Affiliate Relationship
Concurrent Position Not affiliated in financial or familial relationships with other members
Other Listed Company of the Board of Directors, Board of Commissioners, the majority and
No concurrent positions controlling shareholder.
Other Institution Term of Office
No concurrent positions 2023-2026
2024 Annual Report PT Bank Maybank Indonesia Tbk 107
Page 110
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Bambang Andri Irawan
Director
Citizenship
Indonesian citizen
Age
46 Years old
Domicile
Indonesia
History of Education Concurrent Position
• Bachelor of Science in Math, Institut Teknologi Bandung (ITB) Other Listed Company
• Master of Management, PERBANAS Institut No concurrent positions
• PhD candidate School of Business Management, Institut Teknologi Other Institution
Bandung (ITB) No concurrent positions
Legal Basis of Appointment Committee Membership
Appointed as Director of PT Bank Maybank Indonesia, Tbk based on • Deputy Chairman also Member of Information Technology
the resolution of the Extraordinary General Meeting of Shareholders Steering Committee
(EGMS) dated September 28, 2022 and has obtained approval for Fit • Member of Risk Management Committee
and Proper Test Assessment from the Financial Services Authority • Member of Internal Audit Committee
with an effective date of November 15, 2022, with a term of office • Member of Human Capital Committee
until the closing of the Company’s Annual GMS in 2025. • Member of Transformation Steering Committee
Working Experience • Member of Joint Steering Committee
• IT Development Officer, Bank Niaga (2001-2004) Education and Training 2024
• Retail Banking Support Department Head, Information • Sustainability Day 2023
Technology, Bank Mega (2004-2005) • Workshop IT Head - 2024
• SAVP, Customer Touchpoints Group Head, Information • Risk Management Certification Training
Technology, Bank Danamon Indonesia (2005-2009) • Guru Series: Economic Outlook Indonesia
• Vice President, e-Channels Head, Bank Barclays Indonesia (2009- • Seminar Penyelarasan SMR BOD
2010) • Sesi Brown Bag IBI
• Senior Vice President, Head of IT Application Management, Bank • GS: Future of Work AI-Driven Banking
Commonwealth Indonesia (2010-2015) • Data Summit 2024
• Executive Vice President, Head of Hub Operations, Productivity & • M25+ Grand Showcase
Process Excellence, Bank Commonwealth Indonesia (2015-2016) • Refreshment Training on AML/CFT/PF
• Executive Vice President, Head of Technology, Bank Affiliate Relationship
Commonwealth Indonesia (2016-2018) Not affiliated in financial or familial relationships with other members
• Chief Operation Officer and Operations & Technology Director, of the Board of Directors, Board of Commissioners, the majority and
Bank QNB Indonesia (2018-2022) controlling shareholder.
Term of Office
2022-2025
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Romy Hardiansyah
Director
Citizenship
Indonesian citizen
Age
52 Years old
Domicile
Indonesia
History of Education Committee Membership
Bachelor of Science: Business Administration, San Jose State • Member of Risk Management Committee
University • Member of Information Technology Steering Committee
Legal Basis of Appointment • Member of Credit Committee 1 & 2
Appointed as Director of PT Bank Maybank Indonesia, Tbk based • Member of Credit Restructuring Committee 1 & 2
on the resolution of the Annual General Meeting of Shareholders • Member of Credit Policy Committee
(AGMS) dated 1 April 2024 and has obtained approval for Fit and • Member of Human Capital Committee
Proper Test Assessment from the Financial Services Authority with an • Member of Joint Steering Committee
effective date of 11 Juli 2024, with a term of office until the closing of Education and Training 2024
the Company’s Annual GMS in 2027 • Sales & Service Summit Award 2024
Working Experience • Training Motivasi & Negosiasi untuk All Sales Mortgage
• Production Control Analyst/Proto Engineering (1996-1997) • Training Sales Performance for Shariah Leader 2024
• Senior Officer-Investment Banking, Sumitomo Niaga Bank • Essentials of Islamic Banking & Finance and Islamic Social Finance
(sekarang SMBC) (1997-1999) Programme | 31 Januari 2024
• ABN-AMRO: • Workshop - SWM Customer Journey Mapping
- Relationship Manager-Global Corporate (1999-2001) • SP7 QBR & BRP (Quarterly Business Review & Big Room Planning)
- Manager, Credit Structuring (2001-2002) for Q2 FY2024
• Senior Business Information Specialist, Financial Institutions • Workshop with Bapak Steffano Ridwan & WOM Finance
Group/McKinsey & Company (2002-2004) • Workshop Strategy Maybank x WOM Finance
• Assistant Vice President, ABN-AMRO (2004-2005) • Sosialisasi dan Diskusi Shariah Wealth Management (SWM)
• Senior Vice President, Global Banking & Markets, HSBC (2005- dengan CX Management
2009) • Business Alignment Meeting Q1 2024
• Team Leader, Large Corporate/Bank Al-Bilad (2009-2010) • Seminar Penyelarasan Sertifikasi Manajemen Risiko bagi BOD
• HSBC: • MBI Leaders Alignment: One Team, One Direction, New Energy
- Senior Manager-HSBC Global Amanah (2011-2012) • Webinar: Peluang dan Tantangan Pelindungan Data Pribadi dalam
- Head of Large Corporate & Public Sector (2013) Transaksi di Era Digital
• Emirates Islamic Bank: • Lite Agile Mini Showcase & Awards Day
- Head of Transaction Banking & Corporate Advisory (2013-2017) • Data Summit 2024
- Head of Syndication & Capital Markets (2017-2019) • Training SMR J7 BOD: 1 November 2024
• Head of Shariah Banking, PT Bank Maybank Indonesia, Tbk (2019- • Ujian Sertifikasi SMR J7 BOD: 4 November 2024
2024) • M25+ Grand Showcase
Concurrent Position Affiliate Relationship
Other Listed Company Not affiliated in financial or familial relationships with other members
No concurrent positions of the Board of Directors, Board of Commissioners, the majority and
Other Institution controlling shareholder.
No concurrent positions Term of Office
2024-2027
2024 Annual Report PT Bank Maybank Indonesia Tbk 109
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Changes in the Composition
of Management after
Financial Year
There were no changes in the composition of members of the Board of Directors and/or members of the Board of Commissioners after
the end of the financial year until the submission deadline of the 2024 Annual Report.
Maybank Indonesia’s Board of Commissioners,
Directors, and Shariah Supervisory Board after EGMS
at Sentral Senayan III Building for appointment of new
members of the Board of Commissioners, Board of
Directors, and Shariah Supervisory Board of Maybank
Indonesia agenda.
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Governance Responsibility
Senior Management
Profile
Hariseno Acharyama Charles Budiman
Head, Internal Audit Head, Strategy, Transformation & Digital Office
Indonesian citizen, 45 years old. Indonesian citizen, 50 years old.
Joined Maybank Indonesia in 2015 with about 22 years of Joined Maybank Indonesia in December 2022 with more than 29
experiences in banking audit, risk and compliance area. He is years of experience in banking and management consulting. He
graduated from ITB and held professional certified on audit, risk started his career in Europe for 13 years with work experience
management and credit. Previously, he was the Head Credit & in various Management Consulting companies (EY, Accenture,
Treasury Audit Division at Maybank Indonesia, as well as lead BearinPoint and Gartner Consulting). He then continued his
several senior positions for area of audit, risk and compliance at career in Indonesia at 3 different banks: Commonwealth Bank,
joint venture banks and KPMG. Currently, he actively participates Maybank and KB Bukopin with focuses on Strategic Planning,
as stream leader at audit professional association. Transformation, Sales & Distribution and Digital.
Michael Adrian Sonny Supriyandi
Head, Strategy & Transformation Head, Pricing & Data Analytics
Indonesian citizen, 38 years old. Indonesian citizen, 56 years old.
Appointed as Head of Strategy and Transformation at Sonny joined Maybank Indonesia in 2019 with 30 years
Maybank Indonesia in November 2023, he leads the bank-wide experience in banking and non-banking industries. Previously
transformation aligned with the M25+ Maybank Group strategic Sonny was the Pricing Director at Virrata Ltd and Group Pricing
program. Joining in April 2023 as Head of Strategy, he brings over Expert at Luvata, United Kingdom.
a decade of consulting experience with Boston Consulting Group
and PricewaterhouseCoopers (PwC). Setiasmo Samami
He holds a PhD in Applied Physics from Nanyang Technological Core Banking Project Director
University, Singapore. Indonesian citizen, 56 years old.
Setiasmo joined Maybank Indonesia in December 2023, bringing
Bayu Irawan with him over 28 years of experience, primarily in the financial
Head, Corporate Communications services industry. Before joining Maybank Indonesia, he served
Indonesian citizen, 48 years old. as a Director at PT Bank BTPN Syariah from 2014 to 2017. He
Bayu joined Maybank Indonesia in September 2024 with also held the position of Head of IT Operation & Services,
more than 24 years of experience in various industries, of Infrastructure Engineering, and Cybersecurity at PT. Bank BTPN,
which 13 years of his career is in the banking industry. Prior Tbk (currently known as PT Bank SMBC Indonesia, Tbk).
to joining Maybank Indonesia, he was assigned as the SVP,
Head of Corporate Communications and Financial Inclusion at Maria Trifanny Fransiska
Commonwealth Bank & VP, Head of External Communications & Head, Sustainability
Stakeholders Engagement at Permata Bank. Indonesian citizen, 38 years old.
Maria joined Maybank Indonesia in 2019 with more than
15 years of experience in banking industry. Prior to joining
Maybank Indonesia, Maria previously held few roles such as
Process Excellence & Re-Engineering Division Head in Rabobank
International Indonesia, Head of IT COO in HSBC Indonesia and
Head of IT PMO in Commonwealth Bank.
2024 Annual Report PT Bank Maybank Indonesia Tbk 111
Page 114
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Rudy Steven Gultom Imanuel Cipta Idaman Tarigan
Head, Anti Fraud Head, Credit Risk Management
Indonesian citizen, 41 years old. Indonesian citizen, 44 years old.
Joined Maybank Indonesia since 2021 and effectively served as He joined Maybank Indonesia in 2014 with more than 20 years
Head, Anti Fraud since July 2022. He has more than 18 years of of experience in banking industry. Previously he was Business
experience in Telecommunication, FMCG (Fast Moving Consumer Manager and Regional Desk Manager at PT Bank CIMB Niaga,
Goods) and Banking industries. Previously he served as Forensic Tbk.
& Dispute Investigation Head in Danone Indonesia and Forensic
Audit Head in Smartfren Telecom (Sinar Mas Group). He holds Suryo Prasetya
Certified Fraud Examiner (CFE) and Enterprise Risk Management Head, Operational Risk & Business Continuity
Certified Professional (ERMCP) credentials. Indonesian citizen, 44 years old.
Joined Maybank Indonesia in 2019 with 22 years of experiences
E. Iwan Nugroho Susanto in banking and non-banking industries. Previously was the
Head, Compliance Head, Non Retail Credit Policy & Strategic Risk Management.
Indonesian citizen, 50 years old. Prior joining Maybank Indonesia he served as Enterprise Risk &
Iwan joined Maybank Indonesia in September 2024 with more Control Head at Bank Sahabat Sampoerna and Risk Modeling
than 20 years of experience in Compliance and focus on advisory Head Wholesale at Bank Danamon.
compliance. Prior to joining Maybank Indonesia, he served
as Head of Compliance at PT Bank Commonwealth, where he Yosef Oktavianus Senobua
was responsible for overseeing multiple units and building a Head, Enterprise Risk Management
compliance culture across the organisation. Indonesian citizen, 48 years old.
Iwan also has exposure in various leading Bank, such as Bank Joined Maybank Indonesia since August 2015 with 24 years of
ANZ Indonesia, Bank UOB Indonesia, and Bank Chinatrust experience in the banking especially in Risk Management area
Indonesia, where he held key roles in Compliance and risk and service industry. Prior to joining Maybank Indonesia, he
mitigation. served as Market & Liquidity Risk Analytics Head at PT Bank
Danamon Indonesia Tbk, Market Risk Management Head at PT
Muhammad Rida Koloay Bank CIMB Niaga Tbk, Market Risk Manager at PT Bank Lippo,
Interim Head, Corporate Legal & Litigation Tbk, and Strategic Planning at PT Bank OCBC NISP Tbk.
Indonesian citizen, 47 years old.
Joined Maybank Indonesia in 2020 as the Head, CFS, Syariah & Emil Ananda Hilmy
Branch Legal Advisor with 21 years experiences in Banking and Head, Retail Credit Portfolio & Policy
finance industry. Previously he was the Senior Legal Advisor in Indonesian citizen, 56 years old.
Qatar National Bank Indonesia. He joined Maybank Indonesia since September 2013 with 29
years of experience in banking and financial services industry.
Putu Dewika Angganingrum Previously he was Risk & Finance Director at PT Bank Sinar
Head, Corporate Secretary Harapan Bali, a subsidiary of PT Bank Mandiri Tbk.
Indonesian citizen, 35 years old.
Putu Dewika Joined Maybank Indonesia in February 2024 with Albertus Dimas Agusnugroho
over a decade of experience in the financial services industry in Head, Non Retail Credit Policy & Strategic Risk Management
Indonesia. Prior to joining Maybank Indonesia, he was a legal Indonesian citizen, 38 years old.
consultant at Baker McKenzie Indonesia and held the position of He joined Maybank Indonesia in 2019 with 13 years of experience
Corporate Secretary at one of the investment banks in Indonesia. in banking industry. Previously he served as Integrated Risk
Governance & Risk Scenario Analytics, Head. Prior joining
Rika Maybank Indonesia, he served as Manager, Risk Strategy &
Head, Financial Crime Compliance Planning at PT Bank UOB Indonesia.
Indonesian citizen, 40 years old.
Joined Maybank Indonesia on 27 October 2022 as the Head of
Financial Crime Compliance with 17 years experiences in the area
of financial crime compliance. Previously she was the Head of
FCC with PT Bank QNB Indonesia and Senior Manager with PT
Ernst & Young Indonesia.
112 2024 Annual Report
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Governance Responsibility
I Nyoman Hadijaya Simbara Giri Irwan Santoso
Head, Market, Liquidity & Treasury Credit Risk Management Head, Operation Processing Center
Indonesian citizen, 46 years old. Indonesian citizen, 55 years old.
Joined Maybank Indonesia in December 2013 with more than 21 Joined Maybank Indonesia in 2015 with 33 years of experiences in
years of experiences in banking, especially at assets & liabilities banking and non-banking industries. Previously he was the Head
management (ALM) and market & liquidity risk management. Trade Finance dan Treasury Ops at PT Bank OCBC Indonesia and
Previously he served at various position in Maybank Indonesia Head Treasury Ops at PT Bank OCBC NISP Tbk.
including Balance Sheet Risk Head and Treasury Trading Risk
Head, as well as handling treasury credit risk management Clara Inda Tiara
and market & liquidity risk modeling. Prior to joining Maybank Head, Customer Experience Management
Indonesia, he was the ALM Market Risk Manager at PT Bank Indonesian citizen, 47 years old.
Rabobank International Indonesia, ALM Risk Manager at PT Bank Clara joined Maybank Indonesia on January 2022 as Head of
Internasional Indonesia Tbk, and ALCO Support Sub Manager at Customer Experience Management with more than 20 years
PT Bank Pan Indonesia Tbk. of experience in the service quality, customer experience and
contact center area. Prior to joining Maybank Indonesia, she was
Robert P Sitinjak assigned as the Head of Customer Experience and Relations at PT
Head, GB & BB Remedial Bank Commonwealth and Quality Management Implementation
Indonesian citizen, 41 years old. Head at PT Bank OCBC NISP Tbk.
Joined Maybank Indonesia in 2013 as the Credit Reviewer with 16
years experiences in banking industries. Benyamin Nurpatria Setiawan
Head, Delivery Channel & Cash Operation
Edwin D. Brethoniere Indonesian citizen, 41 years old.
Head, SME & Consumer Collection He joined Maybank Indonesia in 2004 with more than 20
Indonesian citizen, 57 years old. years of experience in banking industry. Previously he was the
He joined Maybank Indonesia in May 2007 with experiences in Delivery Channel Operation, Head and Head, Delivery Channel &
banking and financial institution industry of more than 31 years. Centralise Cash Monitoring at Maybank Indonesia.
Previously he was the Head, Consumer Collection. Prior joining
Maybank Indonesia, he served a number of positions in PT GE Janto Tirtadjaja
Finance Indonesia, Standard Chartered Bank, and American Head, Operations System Support & Development
Express Bank. Indonesian citizen, 55 years old.
He joined Maybank Indonesia since October 1993 with 28
Rusdi Rachim years of experience in banking industry. Previously he was the
Head, Chief Information Security Department Head of Operation Center Division at Maybank
Indonesian citizen, 51 years old. Indonesia.
Joined Maybank Indonesia in June 2022 as the Chief Information
Security Officer (CISO) with 8 years experiences in banking, 3 Hendrik Progo
years in telecommunication industry and 12 years in consulting
(it infrastructure and security) industry. Previously he was Head, Branch Operations Assurance
SVP – Head of Corporate Information Security at Indosat, VP Indonesian citizen, 55 years old.
IT Security Management Head at Bank BTPN and Information He joined Maybank Indonesia since March 1993 with 31 years
Security Consulting and Architect at Dimension Data Indonesia of experience in banking industry and also experienced as an
(a NTT Company). auditor. Previously he was Regional Operation Head, Trade
& Loan Operation Head, Delivery Channel Operation Head,
Dewi Yulia Wardoyo Operation Processing Center Head and Branch Network Head at
Head, Credit Operations Maybank Indonesia.
Indonesian citizen, 54 years old.
She joined Maybank Indonesia since January 2019 with more Iwan Suherman Kok
than 32 years of experience in banking industry. Previously she Head, Branch Control Operations
was a Treasury Operations Head in PT Bank Sumitomo Mitsui Indonesian citizen, 56 years old.
Indonesia, Credit Administration & Lending Operations Head in He joined Maybank Indonesia since April 1993 with 31 years
PT Bank ANZ Indonesia, Commercial Loan Operations Head in of experience in banking industry. Previously he was Regional
Bank Barclays and Corporate & Retail Loan Operations Head in Operation Head Thamrin- Fatmawati, Regional Operation
Bank Rabobank International Indonesia. Head Juanda-Ekajiwa, International Payment Head, Trade
Finance Department Head, Treasury Operation Head and Credit
Operation Head at Maybank Indonesia.
2024 Annual Report PT Bank Maybank Indonesia Tbk 113
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Ilham Rizki Kinan Edward Cahyadi Karsono
Head, Process and Service Excellence Head, IT Governance, Planning & Project Management
Indonesian citizen, 42 years old. Indonesian citizen, 48 years old.
Kinan joined Maybank Indonesia in 28 February 2024 with He joined Maybank Indonesia in 12 April 2004 with more than
more than 18 years of experience in financial industry. Prior to 24 years of experience in banking and non-banking industry.
joining Maybank Indonesia, he was assigned several positions in Previously he was the software developer at BPK Gunung Mulia.
Bank Commonwealth Indonesia, including Treasury In-Business
Control and Business Management Head, Digital Business Patria Indrajaya
Control Governance and Oversight Head, and Operational Head, IT Security
Risk Management Head. Additionally, he also served as the Indonesian citizen, 49 years old.
Operational Risk Reporting and Analysis Head at Bank Permata. Joined Maybank Indonesia in September 2022 as the Head
of IT Security with 18 years experiences in IT Security field at
Mohamed Zaki Bin Mohd Yunus banking and financial industries. Previously he was the Head of IT
Head, IT Digital Delivery & Operation Security at PT Allianz Life Indonesia.
Malaysian citizen, 43 years old.
A seasoned Tech Professional with 18 years of comprehensive Rahartaty
experience in the IT industry – 13 years specifically within the Head, Business Human Capital 1
banking sector. Currently serving as Head of IT Architecture, Indonesian citizen, 47 years old.
Digital Delivery & Operations at Maybank Indonesia since 2022. She joined Maybank Indonesia in September 2016 with more
Previously held the position of Head of Digital Engineering in than 25 years of experience in non-banking and banking industry.
Maybank Group, having demonstrated a proven track record Previously she was the Talent Acquisition Lead at Mondelez
of driving digital technology transformation and operational International.
excellence in dynamic financial environment.
Paulus Danang Yanri Hatmoko
Rachmat Setiawan Head, Business Human Capital 2
Head, IT Global Banking Delivery & Operation Indonesian citizen, 48 years old.
Indonesian citizen, 54 years old. He joined Maybank Indonesia since January 2007. Previously,
Joined Maybank Indonesia since 1993 as the Data Center he held several positions at Maybank Indonesia include Talent
Operator with 31 years experiences in banking industries. Management and Organisational Learning Head, Human Capital
Previously he was the Head IT Global Banking at Maybank Development Head, Talent Management Head and People
Indonesia. Development Manager. Prior to joining Maybank Indonesia, he
served several positions at PT Astra Internasional Indonesia Tbk
Ricky Indrayanto Djaya – Isuzu Sales Operations in area of people development.
Head, IT Analytic Reporting & Corporate Delivery
Interim Head, IT CFS Delivery & Operation Reni Astuti Dewi
Indonesian citizen, 48 years old. Head, Talent Acquisition
Joined Maybank Indonesia in May 2023 as the Head IT Analytic Indonesian citizen, 46 years old.
Reporting & Corporate Delivery with 26 years experiences Joined Maybank Indonesia in 2004 as Personnel Officer with 24
in banking and IT industries. Previously he was the Head IT years experiences in banking and FMCG industries. Previously
Regulatory, Data & Analytics at PT Bank Danamon Indonesia. she was Regional Card Business Head for West & Central Java
and Business Human Capital for Community Financial Services
Johanes Setiyabudi Directorate before performing as Head Talent Acquisition in
Group Head of IT Infrastructure & Operation 2023.
Indonesian citizen, 49 years old.
Joined Maybank Indonesia in March 2022 as the IT Technology Chairany Danusaputra
Operations Head with 23 years experiences in banking and Head, Human Capital Operations
Oil & Gas industries. Previously he was the IT Infrastructure Indonesian citizen, 53 years old.
Development Head at Bank BTPN. She joined Maybank Indonesia in January 2021 with more than 29
years of experience in Human Resources within banking and non-
banking industry. Previously she was the SVP HR Shared Services
at PT Bank Commonwealth and PT Bank CIMB Niaga Tbk.
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Governance Responsibility
Nelda Victoria Siburian Yulinda Simanjuntak
Head, Rewards, Organisation Development & Strategy Head, Procurement, Premises & Vendor Relation
Indonesian citizen, 52 years old. Indonesian citizen, 51 years old.
She joined Maybank Indonesia since 25 July 2016 with 28 years Joined Maybank Indonesia in September 2004 as the MIS
of experience in banking and financial services industry, and Business Analyst with 28 years working experiences in financial
beverages industry. Previously she was the Strategic Business consultant and banking industries. Previously she was the IT
Partner Indonesia & Papua New Guinea at PT Coca-Cola User Representative Manager at Badan Penyehatan Perbankan
Indonesia, VP HR Relationship Manager at PT Bank Permata Tbk, Nasional (BPPN) and Senior Auditor at Arthur Andersen
Coordinator of Leadership & Managerial School and HR Advisor Accountant Public Firm.
at Royal Bank of Scotland (ABN Amro Bank NV), and Senior HR
Consultant at PT Siddharta Consulting KPMG International. She M. Faisal Muchtar
is a Certified Financial Planner (CFP), Certified Human Resources Head, Sharia Advisory & Assurance
Management level General Manager, Certified Professional Indonesian citizen, 51 years old.
Coach (CPC), and Certificate of Competence Banking Risk Faisal joined Maybank Indonesia in 2020 with more than 20
Management Qualification 5. years of experience in various Islamic Financial Institutions in
Indonesia and overseas. Prior to joining Maybank Indonesia, he
Martua Bangun Jayawinata was assigned as Head Shariah Audit of Bank Muamalat Indonesia,
Head, Talent Management & Organisation Learning Head Shariah Compliance of Bank Mega Syariah Indonesia,
Indonesian citizen, 44 years old. Head Shariah Syarikat Takaful Malaysia Berhad (STMB) in Kuala
Joined Maybank Indonesia in March, 1st 2021 as the Head, Lumpur and member of audit committee and risk committee of
Learning Business Partner 1 and Head, Talent Development PT Bank BTPN Syariah.
& Future Ready Skills with 17 years experiences in banking
industries. Previously he was the Human Resources Business Agus Rachmat Hidajatullah
Partner and Head, Learning Solution at Permata Bank and as Head, Sharia Process Development, Compliance & ERU
HRBP Learning Manager at OCBC NISP Bank. Interim Head, Sharia Strategy Planning, Performance &
Finance 1
Yulia Prihandini Indonesian citizen, 52 years old.
Interim Head, Employee Relations & Health Safety Agus Joined Maybank Indonesia on June 30, 1997, with over 27
Indonesian citizen, 36 years old. years of experience in the Banking Sector, including 22 years in
Yulia joined Maybank Indonesia in March 19 of 2018 with more the Islamic Banking Sector.
than 14 years of experience in Industrial Relations. Prior to
joining Maybank Indonesia, he was assigned as the Industrial Baginda Saumar
Relations Section Head at PT Astra International Tbk. Head, Sharia Product Management
Indonesian citizen, 46 years old.
Lucas Anita Baginda joined Maybank Indonesia in 2023 with more than 20
Head, Finance & Accounting years of experience in financial industry sector including Islamic
Indonesian citizen, 47 years old. Finance. Prior to joining Maybank Indonesia, he was assigned as
She joined Maybank Indonesia in 2017 with more than 14 the Head of SME & WB Syariah Product Management at Permata
years of experience in banking, and 3 years as auditor in Public Bank.
Accountant. Previously she was the Finance Operation Head in
Finance Accounting Division, Maybank Indonesia. Dandy Suprandono
Head, Sharia Community Financial Services
Nurmala Damanik Indonesian citizen, 49 years old.
Head, Financial Planning, Performance Management & Dandy joined Maybank Indonesia since 2013, with more than 23
Investor Relation * years of extensive experience in financial industry, ranging form
* term of office until 28 February 2025 Life Insurance, Auto Financing, Retail Banking including Wealth
Indonesian citizen, 58 years old. Management, SME Banking and Commercial. Banking. Prior to
She joined Maybank Indonesia since August 1991 with 33 years joining Maybank Indonesia, he was assigned as the VP, Head of
of experience in the banking industry. She has wide experience Bank at Work at Permata Bank and Regional Head of Consumer
as focal point in organising annual operating plan, performance Finance at HSBC Indonesia.
management, management reporting, expense controller,
investor relations, and sustainable finance. Previously she was
Branch Manager of Maybank Indonesia Mumbai and Head
Auditor for overseas branches, Capital Market, Credit Card and
Branches.
2024 Annual Report PT Bank Maybank Indonesia Tbk 115
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and Analysis
Jufli Irawan Ade Rangkoto
Head, Sharia Global Banking Head, Transaction Banking
Indonesian citizen, 44 years old. Indonesian citizen, 54 years old.
Jufli joined Maybank Indonesia in 2022 with more than 15 years Ade joined Maybank Indonesia since 19 Feb 2024 with more than
of experience in shariah banking and financial industry. Prior to 27 years of experience in Banking industry both in Indonesia and
joining Maybank Indonesia, he was assigned as Deputy Head Asia Pacific regional office. Prior to joining Maybank Indonesia,
of Project management Office at PT Waskita Karya Tbk, Sharia he was assigned as the Executive Director, Global Trade Finance
Global Banking Product Management, Head di PT Bank Maybank Department at Sumitomo Mitsui Bank, Singapore.
Indonesia Tbk dan AVP-Commercial Banking Product Portfolio di
HSBC Indonesia. I Made Budhi P Artha
Head of Global Markets & Corporate Treasury
Azzady Bin Jamaluddin Indonesian citizen, 51 years old.
Head, Sharia Wealth & Halal Ecosystem He joined Maybank Indonesia since 3 August 2015 with more
Malaysia citizen, 49 years old. than 27 years of experience in banking industry/Global Markets
Joined Maybank Indonesia in Nov 2023 as Initiative Owner in several institutions, named PT. Bank Ekspor Impor Indonesia
under Maybank M25 Strategic Program. 25 years experiences (Persero) Tbk, PT. Bank Mandiri (Persero) Tbk, Reuters Limited,
in Islamic Banking industry and previously he is the Head, Deutsche Bank AG Indonesia and Citibank N.A. Indonesia.
Community Banking, Maybank Islamic. Previously he was Head, Global Markets, Maybank Indonesia. He
is also actively involved in various market associations such as
Hertanto Gunadi Indonesia Foreign Exchange Market Committee (IFEMC) and ACI
Head, Local Corporate & Multinasionals Financial Markets Association (FMA) Indonesia.
Indonesian citizen, 53 years old.
Joined Maybank Indonesia on August 2023 as the Head Local M Hendro Wijanarko
Corporate & Multinationals under Global Banking with over 26 Head, Business Planning, Performance, & Embedded Risk Unit
years experiences in banking industry. Before joining Maybank (ERU)
he had extensive banking experiences with several banks such as Indonesian citizen, 43 years old.
Lippo Bank (now: CIMB Niaga), DBS Indonesia, OCBC Indonesia Joined Maybank Indonesia in September 2012 as the Manager
and later with MUFG as Head of Corporate Banking for over 10 Corporate Banking Business Planner with 17 years experiences
years. in banking and audit industries. Previously he was the Manager
Early Warning at Bank Banten (previously known as Bank Pundi
Richard ML Silaen Indonesia).
Head, Public Sector
Indonesian citizen, 44 years old. Mohit Varma
He joined Maybank Indonesia in 2016 with more than 21 years General Manager & Country Head, Maybank Indonesia - India
of experiences consultancy and banking industry. Previously India citizen, 49 years old.
He was Senior Relationship Manager at Maybank Indonesia and Mohit joined Maybank Indonesia in November 2013 with more
Team Leader, Local Corporate & Multinational at Bank Negara than 13 years of experience in banking industry. Prior to joining
Indonesia. Maybank Indonesia, he was assigned as the Deputy General
Manager ICICI Bank, Corporate Office, Mumbai.
Golfina Kusmarningrum
Head, Financial Institution Group Tjan Christian
Indonesian citizen, 53 years old. Head, Consumer
Joined Maybank Indonesia in January 2023 as the Head of Indonesian citizen, 48 years old.
Financial Institution Group with 27 years experiences in banking Joined Maybank Indonesia in December 2022 as the head of
industry. Previously she was the Head of Financial Institution at costumer with 24 years experiences in banking industries.
MUFG Bank Ltd, Jakarta Branch.
Tjhang David Wongso
Head, RSME Banking
Indonesian citizen, 44 years old.
He joined Maybank Indonesia in June 2020 with more than
22 years of experience in the banking industry. Previously he
held various positions in OCBC NISP Bank including Emerging
Business Head, Sales & Marketing Support Head, and Emerging &
Commercial Distribution Head.
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Paulus Cholot Janala Reza Varindra
Head, SME Plus Banking Head, Corporate Brand & Marketing Communication
Indonesian citizen, 54 years old. Indonesian citizen, 48 years old.
He joined Maybank Indonesia in August 2021 with more than He joined Maybank Indonesia in March 2019 with 23 years
27 years of experience in the banking, leasing, and automotive of experiences in marketing, brand building, new product
industry. Previously he was the president director at MNC Guna development, event and activation at companies including Philip
Usaha Indonesia. Morris, AIA, Bank Danamon, Samsung Electronics Indonesia
either in Indonesia or in other countries (Switzerland and
Mariana Husin Malaysia). Prior joining Maybank Indonesia, he held SVP position
Head, Business Banking as Head of Marketing Communication & Brand Strategy at Bank
Indonesian citizen, 50 years old. Danamon.
She joined Maybank Indonesia in April 2020 with more than 24
years of experience in banking industry. Previously she was the Abdur Razzaq
Commercial Banking Segment Head at BTPN (Member of SMBC Head, CFS Business Planning & Performance Management *
Group). Head, Financial Planning, Performance Management &
Investor Relation**
Sumitro * term of office until 2 February 2025
Head, Wealth Management ** term of office starts from 1 March 2025
Indonesian citizen, 51 years old. Indonesian citizen, 38 years old.
Joined Maybank Indonesia in 12 March 2012 as Head, He joined Maybank Indonesia in September 2020 with more than
Bancassurance and Investment Specialist with 9 years of 16 years of experience in manufacturing and banking industry.
experience in banking and 3 years in life insurance industries. Previously he was the Corporate Finance Manager at CIMB
He also appointed Head, Bancassurance and Investment Niaga, Regional Accountant at Caterpillar Pte, Ltd in Singapore
Management manage for Sales and Wealth Product. Previously and last position as Business Banking/SME Business Finance
he was the Head, Insurance Specialist for 4 years (2009–2012) at Head in UOB Indonesia.
HSBC Bank.
Patricia Hendrawirawan
Harryanto Pramono Head, CFS Business Planning & Performance Management*
Head, Community Distribution * term of office starts from 3 February 2025
Indonesian citizen, 53 years old. Indonesian citizen, 44 years old.
He joined Maybank Indonesia in April 2020 with more than 28 She joined Maybank Indonesia in February 2025 with more than
years of experience in banking industry. Previously he was the 20 years of experience in finance and banking industry. She
Region Head at HSBC and Permata, with the last position as earned a Master of Management (Finance) degree with cum
Head National Non Branch Sales at Bank Permata. laude predicate from University of Indonesia. Previously she
was the Marketing Analytics & MIS Deputy Dept. Head at Adira
Dera Novitri Quantum Multifinance, Business Plan and Project Development
Head, Retail Credit Process & Fraud Monitoring Dept. Head at UOB Buana Bank, Assistant Head of Strategy
Indonesia citizen, 56 years old. Management at ICBC Bank, Head of Strategic Planning and
She joined Maybank Indonesia since mid Feb 2019 with more Development at AXA Indonesia Insurance, and last position as
than 31 years of experience in banking and financial institution Head of Business Strategy and Liability Management at CIMB
industry. Previously she was a Credit Initiation Head in Citibank, Niaga Bank.
NA Jakarta, Unsecured Credit Underwriting Head and Consumer
Credit Operation Manager in Bank Danamon and Consumer
Processing Centre Head in Lippobank and experienced as
Account Officer in non-bank financial institution.
Shinta Kusuma Dewi
Head, Non Retail Credit Process
Indonesian citizen, 43 years old.
Shinta joined Maybank Indonesia in July 2024 with more than 22
years of experience in banking industry. Prior to joining Maybank
Indonesia, she was assigned as Head, Credit Approval at PT Bank
UOB Indonesia.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
REGIONAL DIRECTOR
Erlina Salim Muhammad Husni HS
Regional Director – North Sumatera Regional Director – West Java
Indonesian citizen, 45 years old. Indonesian citizen, 52 years old.
Erlina joined Maybank Indonesia in June, 1999 with more than 25 He joined Maybank Indonesia on 15 January 2021 with more than
years of experience in banking industry. 22 years of experience in banking industry. Previously he was the
Head Syariah Network at PT Bank Permata Tbk.
Sutardi
Regional Director – South Sumatera Dewi Irawati
Indonesian citizen, 40 years old. Regional Director - Central Java
Sutardi joined Maybank Indonesia in 2007 with more than 18 Indonesian citizen, 44 years old.
years of experience in banking industry. Previously, he was She joined Maybank Indonesia in January 2004 with 20 years
assigned as the Area Branch Manager for Jambi, Palembang and of experience in the banking industry. She has been a Regional
Pangkal Pinang, Lampung and Bengkulu. Director for Maybank Indonesia Central Java for the last 8
years and previously she was Maybank Indonesia’s Area Branch
Wan Juslian Johan Manager in Green Ville and Puri Kencana Area.
Regional Director - Jakarta 1
Indonesian citizen, 44 years old. Indrajani Harsono
Joined Maybank Indonesia in 2022 as the Regional Director Regional Director – East Java, Bali & Nusra
Jakarta 1 with 20 years experiences in banking and 2 years Indonesian citizen, 55 years old.
experience in consulting industries. He was SVP Region Head She joined Maybank Indonesia since 2018 with more than 27
Network Jakarta 3 & Kalimantan, Regional Wealth Sales Jakarta 1, years of experience in banking industry. Previously she was a
West Java, South Sumatera, East Indonesia and Branch Manager Regional Head in HSBC, Head of Area SME Banking – East Java
at PT Bank HSBC Indonesia. Previously, he was Branch Manager in Rabobank and Regional Business Manager Treasure Upcountry
Standard Chartered Bank. in DBS.
Osbie Osman Yulli Sumargo
Regional Director - Jakarta 2 Regional Director - Kalimantan
Indonesian citizen, 48 years old. Indonesian citizen, 39 years old.
Joined Maybank Indonesia in March 10, 2023 as the Regional Joined Maybank Indonesia in October 2018 as the Area Branch
Director – Jakarta 2 with 27 years experiences in banking Manager Samarinda with more than 18 years experiences in
industry. Previously he experienced in various positions and banking and non banking industries. Previously she worked at
leading several areas in Jakarta as Cluster Head in HSBC. He is Bank Chinatrust Indonesia, PT Bank Permata Tbk, and lastly
also experienced leading region in several cities in Indonesia with served as Branch Manager Samarinda at PT Bank Mega Tbk.
last position as Region Head in Permata Bank.
Hasvan Murphy
Rasuanir Regional Director - Sulawesi & Eastern Indonesia
Regional Director – Jakarta 3 Indonesian citizen, 48 years old.
Indonesian citizen, 54 years old. Joined Maybank Indonesia since 2019 with 23 years of
He joined Maybank Indonesia since 1995 with more than 29 experiences in banking industries. Previously he was the
years of experience in banking industry. Previously he was the Area Manager at Bank Danamon and Sales Distribution Head
Regional Director for South Sumatera and Area Branch Manager Bancassurance at Bank Danamon. He has a Master Business
in Tangerang & Bumi Serpong Damai Area, Lippo Cikarang Area, Applied Finance from Queensland University of Technology,
and Jatinegara Area. Australia in 2008 and hold PhD in Development Studies from
Hasanuddin University in 2024.
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Governance Responsibility
Employee Statistics
and Profiles
Information about Maybank Indonesia’s total headcount by gender, position, age, education level, and employment
status (permanent/contract) in 2024 is available in the Functional Review Chapter of the Human Resources
discussion.
“Wear the Change, Live the Culture Transformation”
Maybank Indonesia head office employees
simultaneously wear Maybank’s official dry fit on
Maybank Indonesia’s 65th Anniversary.
2024 Annual Report PT Bank Maybank Indonesia Tbk 119
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Shareholding
Composition
Shareholders and Percentage of Ownership at the Beginning and End of the Financial
Year
As of 1 January 2024
Ownership
No. Shareholders Number of Shares
Percentage
1. Shareholders who own 5% or more shares
a. Sorak Financial Holdings Pte. Ltd. 34,312,479,550 45.02%
b. Maybank Offshore Corporate Services (Labuan) Sdn. Bhd. 25,882,393,996 33.96%
c. Vital Solution Fund 6,653,168,749 8.73%
2. Members of the Board of Directors and Members of the Board of Commissioners Owning Shares
a. Board of Commissioners - -
b. Board of Directors - -
3. Public Shareholders Owning Less than 5% of Shares
a. Public (below 5%) 9,367,153,526 12.29%
Total 76,215,195,821 100.00%
As of 31 December 2024
Ownership
No. Shareholders Number of Shares
Percentage
1. Shareholders who own 5% or more shares
a. Sorak Financial Holdings Pte. Ltd. 34,312,479,550 45.02%
b. Maybank Offshore Corporate Services (Labuan) Sdn. Bhd. 25,882,393,996 33.96%
c. Vital Solution Fund 6,653,168,749 8.73%
2. Members of the Board of Directors and Members of the Board of Commissioners Owning Shares
a. Board of Commissioners - -
b. Board of Directors - -
3. Public Shareholders Owning Less than 5% of Shares
a. Public (below 5%) 9,367,153,526 12.29%
Total 76,215,195,821 100.00%
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Governance Responsibility
Top 20 Shareholders
No. Shareholders Number of Shares Composition (%)
1 Sorak Financial Holdings Pte Ltd 34,312,479,550 45.02%
2 Maybank Offshore Corporate Services 25,882,393,996 33.96%
3 Vital Solution Fund 6,653,168,749 8.73%
4 BNPP LDN/2S/Global Agility Fund 3,650,000,000 4.79%
5 BNPP LDN/2S/Multi Dynamic Fund 3,650,000,000 4.79%
6 Prosperindo, PT 940,513,633 1.23%
7 Clearstream Banking S.A. Luxembourg 214,074,400 0.28%
8 Pek Bing Tjie 55,045,400 0.07%
9 Phillip Securities Pte Ltd 52,101,097 0.07%
10 RHB Investment Bank Berhad 47,045,113 0.06%
11 Maybank Kim Eng Sec. Pte Ltd A/C Client 45,148,960 0.06%
12 CGS International Securities Singapore Pte Ltd 37,070,273 0.05%
13 Djufri Gono 24,993,800 0.03%
14 UOB Kay Hian Pte Ltd 14,313,911 0.02%
15 Herry Kasman 13,028,200 0.02%
16 Heryanto Abidin Lauw 10,430,000 0.01%
17 Citibank New York S/A Emerging Markets Core Equity Portfolio of DFA Investment 9,420,600 0.01%
Dimensions Group Inc
18 Wandi Wijaya 9,359,400 0.01%
19 Citibank New York S/A The Emerging Markets Small Cap Series of The DFA Investment 8,246,800 0.01%
Trust Company
20 Tan Tik Khoen 8,104,500 0.01%
Total Shareholders by Category
No. Shareholders Number of Shares Composition (%)
1. Foreign Institution 60,198,031,623 78.98%
2. PT Kustodian Sentral Efek Indonesia 15,070,399,997 19.77%
3. Individual - Domestic 3,855,900 0.01%
4. Individual - Foreign 850,666 0.00%
5. Limited Company NPWP 941,899,504 1.24%
6. Cooperatives 101,889 0.00%
7. Pension Fund 39,576 0.00%
8. Mutual Fund 13,610 0.00%
9. Foundation Non NPWP 3,056 0.00%
Total 76,215,195,821 100.00%
2024 Annual Report PT Bank Maybank Indonesia Tbk 121
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Information Disclosure on Maybank Indonesia Shares Transaction by Board of
Commissioners and Directors
Maybank Indonesia has a policy to report transactions carried out by management of the Bank's share ownership for three working days,
after the occurrence of ownership or any changes in ownership of the Bank's shares. Throughout 2024, the Board of Commissioners and
the Board of Directors of Maybank Indonesia did not record any transactions on the Bank's shares.
Share Ownership of Board of Commissioners and Directors
Up to 31 December 2024:
• There is no direct or indirect shareholding by the Board of Commissioners and Board of Directors in Maybank Indonesia, its
subsidiaries, or groups connected to the Company.
• The shares ownership of Board of Commissioner and Board of Directors which exceeds 5% in listed and non listed company are as
follows:
Shares Listed Company/Non Number
No Board of Commissioners Company Name
Ownership Listed Company of Shares
1. Dato’ Khairussaleh Ramli No - - -
2. Marina R Tusin No - - -
3. Achjar Iljas No - - -
4. Hendar No - - -
5. Daniel James Rompas No - - -
6. Edwin Gerungan No - - -
7. Datuk Lim Hong Tat Yes Non Listed Company Areca Capital Sdn Bhd 10%
8. Putut Eko Bayuseno No - - -
9. Dato’ Zulkiflee Abbas Abdul Hamid No - - -
Shares Listed Company/Non Number
No Board of Directors Company Name
Ownership Listed Company of Shares
1. Steffano Ridwan No - - -
2. Shaiful Adhli Yazid No - - -
3. Irvandi Ferizal No - - -
4. Effendi No - - -
5. Yessika Effendi No - - -
6. Widya Permana No - - -
7. Ricky Antariksa No - - -
8. Bianto Surodjo No - - -
9. Bambang Andri Irawan No - - -
10. Romy Hardiansyah No - - -
122 2024 Annual Report
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Governance Responsibility
Corporate Group
Structure
As at 31 December 2024
Citigroup Nominees (Tempatan)
Amanah Raya Trustees Berhad Other Institution and Retail
Sdn Bhd Permodalan Nasional Berhad
Amanah Saham Bumiputera Investors
Employees Provident Fund Board
30.51% 13.08% 6.52% 49.89%
Malayan Banking Berhad
Sorak Financial Holdings Maybank Offshore Corporate
Vital Solution Fund Public < 5%
Pte Ltd Service (Labuan) Sdn Bhd
45.02% 33.96% 8.73% 12.29%
PT Bank Maybank Indonesia Tbk
Finance
PT Maybank Indonesia Finance
99.99% PT Wahana Ottomitra Multiartha Tbk
67.49%
2024 Annual Report PT Bank Maybank Indonesia Tbk 123
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Maybank Group
Profile
Maybank Banking Berhad Established in 1960, Maybank is the largest financial services
14th Floor, Menara Maybank group in Malaysia with an established presence in the ASEAN
100, Jalan Tun Perak region.
50050 Kuala Lumpur, Malaysia
Tel: (6) 03-2070 8833 In serving our mission, we provide an array of financial products
Fax: (6) 03-2711 3421 and services through three key business pillars, supported by
Website: http://www.maybank.com shared corporate functions across our global network of 18
countries.
We provide a full suite of conventional and Shariah-compliant
Our Purpose products and services in commercial banking, investment
banking and insurance, to over 16 million retail, non-retail and
We are a values-driven platform, powered by a corporate customers.
bionic workforce that Humanises Financial Services
driven by Help Deliver Value Across ASEAN…
Being at the heart of ASEAN, we take a leading role in
supporting our communities navigate the transition into
Our Mission global endemicity and a sustainable future.
Humanising Financial Services
Being at the heart of the community, we will:
And Beyond.
Make financial services simple, intuitive We are in 18*) countries including all 10 ASEAN countries,
1 and accessible with Malaysia, Singapore and Indonesia being our home
markets. We are also present in international financial
Build trusted partnerships for a sustainable centres such as London, New York, Hong Kong and Dubai.
2 future together
*) The non-ASEAN countries are Greater China, India, Pakistan, Saudi Arabia,
Treat everyone with respect, dignity,
3 fairness and integrity
UAE, UK, USA and Uzbekistan
shaped by Board of Directors Position
Tan Sri Dato’ Sri Non-Independent Non-Executive Director
Zamzamzairani Mohd Isa (Chairman)
Our Values Dato’ Khairussaleh Ramli Non-Independent Executive Director
(Group President & Chief Executive Officer)
Teamwork Dr Hasnita Dato’ Hashim Senior Independent Non-Executive
Director
Integrity Anthony Brent Elam Independent Non-Executive Director
Growth Che Zakiah Che Din
Fauziah Hisham
Independent Non-Executive Director
Independent Non-Executive Director
Excellence & Efficiency Shariffuddin Khalid Independent Non-Executive Director
Relationship Building Dato’ Zulkiflee Abbas
Abdul Hamid
Independent Non-Executive Director
Shirley Goh Independent Non-Executive Director
Our Core Values, TIGER are the guiding principles
for all Maybankers to serve our mission of Datuk Yee Yang Chien Non-Independent Non-Executive Director
Humanising Financial Services. Chiam Sou Hong Independent Non-Executive Director
Vittorio Furlan Independent Non-Executive Director
124 2024 Annual Report
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Governance Responsibility
Subsidiaries and
Joint Ventures
Finance
PT Maybank Indonesia Finance
Core Business Multifinance
Percentage of Ownership 99.99% PT Bank Maybank Indonesia Tbk
0.01% Koperasi Karyawan PT Bank Internasional Indonesia Tbk
Operating Status Operating since 1991
Total Assets 2024 Rp8.2 trillion
Address Wisma Ekajiwa 10th Floor
Jl. Mangga Dua Raya
Jakarta 10730, Indonesia
Tel: 021 - 623 000 88
Fax: 021 - 623 000 99
Call Center: 0804-1-168-811
Website: www.maybankfinance.co.id
Key Management Board of Commissioners
President Commissioner : Budhi Dyah Sitawati
Commissioner : Steffano Ridwan
Commissioner Independen : Herwan Ng
Board of Directors
President Director : Alexander
Director : Miki Effendi Lim
Director : Arief Soerendro
PT Maybank Indonesia Finance (Maybank Finance) is licensed to As of the end of 2024, Maybank Finance has branch offices in
engage in investment financing, working capital, multipurpose, almost all major cities in Indonesia consisting of 30 branch offices
other activities approved by OJK, and is also allowed to perform and 11 representative offices spread across Indonesia.
activities based on shariah principles.
Vision
Company Profile To be a digital-based leading finance company in each market
Maybank Finance previously known as PT BII Finance Center, segment it serves as well as always care to the community &
was established on 13 February 1991 as a company licensed environment.
in investment financing, working capital, multipurpose, and
other activities approved by OJK, and also allowed to engage Mission
in activities based on Shariah principles. Currently, 99.99% of • Running business as an extension of PT Bank Maybank
Maybank Finance shares is owned by Maybank Indonesia. Indonesia Tbk (Maybank Indonesia) in the financing industry.
• Providing high economic and social added value to
The change of name from PT BII Finance Center to PT Maybank stakeholders (shareholders, customers, business partners
Indonesia Finance was based on Deeds of Minutes of Meeting in and employees), environment and society.
Extraordinary General Meeting of Shareholders No. 105 dated 18 • Making digital technology as foundations for product
November 2015 and approval from Ministry of Law and Human creation, process acceleration and service improvement.
Rights No. AHU.0947396. AH.01.02 Year 2015 dated 7 December
2015.
2024 Annual Report PT Bank Maybank Indonesia Tbk 125
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
PT Wahana Ottomitra Multiartha Tbk
Core Business Financing Company
Percentage of 67.49% PT Bank Maybank Indonesia Tbk
Ownership 25.01% PT Wahana Makmur Sejati
7.50% Public
Operating Status Operating since 1982
Total Assets 2024 Rp6.9 trillion
Address PT Wahana Ottomitra Multiartha Tbk
Altira Office Tower 32nd, 33rd, 35th Floor
Jl. Yos Sudarso Kav. 85
Kel. Sunter Jaya, Kec. Tanjung Priok, Jakarta Utara 14350
Tel: (62-21) 21882400
Fax: (62-21) 21882420
Contact Center: 150 999
Website: www.wom.co.id
Key Management Board of Commissioners Board of Directors Shariah Supervisory Board (SSB)
President Commissioner/Independent President Director Chairman
Commissioner Djaja Suryanto Sutandar Dr. H. Abdul Jabar Majid, M.A.
Sarastri Baskoro Vice President Director* Member
Commissioner Njauw Vido Onadi Prof. Dr. Ir. H. M. Nadratuzzaman Hosen
Thilagavathy Nadason Director
Commissioner Cincin Lisa Hadi
Taufik Aulia Director
Independent Commissioner Anthony Yuarez Panggabean
Myrnie Zachraini Tamin Director
Independent Commissioner Wibowo
Rallyati Arianto Wibowo, S.E.
*) The appointment of Njauw Vido Onadi as Vice President Director has been approved by OJK and effective as of 5 February 2025.
Company Profile a one-stop solution platform providing convenience to WOM
PT Wahana Ottomitra Multiarta Tbk (WOM Finance) was Finance’s consumers in accessing their financial needs through
established in 1982 under the name of PT Jakarta Tokyo Leasing the KAWAN application.
engaged in consumer financing. In 2000, the Company’s name
was officially changed to PT Wahana Ottomitra Multiartha in line In 2024, the Company issued Sustainable Bonds V WOM Finance
with its business transformation. Phase I worth IDR1 trillion in July, and the issuance of this
corporate action was carried out through the Sustainable Public
In 2004, WOM Finance became a publicly listed company after Offering (PUB) mechanism. The issuance of this bond aims to
conducting its Initial Public Offering (IPO) and listing its shares at strengthen the Company’s capital. The Company also received
Indonesia Stock Exchange under WOMF ticker symbol. In 2005, Rp3.8 trillion in a bank credit facility. As of December 2024,
PT Bank Maybank Indonesia Tbk (formerly PT Bank Internasional the Company had 10 regional offices and was supported by 211
Indonesia Tbk) acquired 43% shares in the Company. After the network offices spread throughout Indonesia to serve around 285
rights issue in February 2015, Maybank Indonesia ownership in thousand active customers.
WOM Finance became 68.55%. As of December 2021, Maybank
Indonesia owned 67.49% of WOM Finance’s shares and PT Vision
Wahana Makmur Sejati was the second largest owner of WOM To be one of the best financing companies in Indonesia through
Finance’s shares with ownership of 25.01%. good corporate governance implementation.
WOM Finance is also persisting in its journey towards Mission
digitalisation, in this endeavor, it has integrated G-Suite and • Placing the satisfaction of the customers and business
adopted digital payment methods across various marketplaces partners as the first priority.
including Tokopedia, Bukalapak, and QRIS (Quick Response • Establishing IT-based infrastructures to promote sound
Code Indonesian Standard). The implementation of G-Suite is processing.
aimed at enhancing WOM Finance productivity and operational • Developing and expanding business network, particularly in
connectivity. In 2022, WOM Finance launched the KAWAN potential areas.
application, as one of WOM Finance’s digital transformation and • Optimising company performance.
126 2024 Annual Report
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Governance Responsibility
Joint Ventures
Name Share Ownership Line of Business
PT Penjamin Kredit Pengusaha Indonesia 9.83% Guarantee Fund Services
PT Sarana Sulut Ventura 7.14% Venture Capital
PT Sarana Sulsel Ventura 5.78% Venture Capital
PT Sarana Jambi Ventura 4.50% Venture Capital
PT Sarana Riau Ventura 3.37% Venture Capital
PT Sarana Bali Ventura 3.05% Venture Capital
PT Sarana Sumsel Ventura 2.81% Venture Capital
PT Sarana Kalbar Ventura 2.45% Venture Capital
PT LOLC Ventura Indonesia 2.32% Venture Capital
PT Sarana Lampung Ventura 1.69% Venture Capital
PT Sarana Sumbar Ventura 1.35% Venture Capital
PT Bank Capital Indonesia Tbk 0.06% Bank
PT Aplikanusa Lintas Arta 0.03% Communication Network System
2024 Annual Report PT Bank Maybank Indonesia Tbk 127
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Share Listing
Chronology
Maybank Indonesia carried out an Initial Public Offering (IPO) of Thus, the total ownership of Maybank Indonesia shares by
12,000,000 Common Shares on 21 November 1989 and listed on Maybank declined from 97.29% to 78.98%, and the total
the Jakarta Stock Exchange (JSX) and Surabaya Stock Exchange shareholding of Maybank Indonesia by UBS AG London
(BES), under BNII as stock trading code. The two stock exchanges amounted to 18.31%. The share sells down by the majority
later merged, and are now called the Indonesia Stock Exchange shareholders was carried out in order to fulfill the provisions of
(IDX). The nominal value of the shares offered at the time of the Bapepam-LK (now the Financial Services Authority - OJK) No.
IPO was Rp1,000.00 per share. IX.H.1 concerning Takeover of Public Companies, Attachment to
Decision of Chairman of Bapepam-LK Kepnumber 26/BL/2011
After the initial offering, Maybank Indonesia took several dated 31 May 2011.
corporate actions in equity which caused changes in the number
of outstanding shares, such as bonus share distribution, stock Moreover, in 2014 Maybank Indonesia once more carried out a
dividends, stock split, reverse stock, warrants conversion, corporate action in Rights Issue VII by offering 6,774,684,073
Employee Stock Option Plan (ESOP) and Limited Public Offering shares at an offering price of Rp221 per share and successfully
(PUT) or Rights Issue. On 19 June 2013, the majority shareholder raised Rp1,488,967,207,524 of net funds after deducting the cost
of Maybank Indonesia carried out a corporate action to release of issuing equity securities. The Rights Issue VII raised the total
a portion of Maybank Indonesia’s shares to UBS AG London outstanding shares of Maybank Indonesia to 67,746,840,730
totaling 5,065,380,000 shares, equivalent to 9.00% of the total shares.
outstanding shares of Maybank Indonesia.
In 2018, Maybank Indonesia completed a corporate action
In June 2013, Maybank Indonesia carried out the Rights Issue in Rights Issue VIII by issuing 8,468,355,091 shares Series D
VI corporate action by offering 4,690,165,987 series D shares at with exercised price at Rp236 per share and raised capital of
a price of Rp320 per share, with accumulated funds amounting Rp1,998,531,801,476 (gross). The proceeds from Rights Issue
to Rp1,496,150,854,642 net after the cost of issuance of equity VIII increased the Maybank Indonesia number of shares to
securities. The realisation of Rights Issue VI increased the total 76,215,195,821 shares.
outstanding shares of Maybank Indonesia to 60,972,156,657
shares. On 8 December 2023, UBS AG London sold 13,953,168,749 shares
or 18.31% to Vital Solution Fund amounted to 6,653,168,749
On 22 November 2013, Maybank Indonesia once more shares or 8.73% and the rest to public. After the completion
relinquished its shares to UBS AG London amounting to of this transaction, Maybank Indonesia has fulfilled the 7.50%
5,675,040,000 shares or equivalent to 9.31% of Maybank Free-Float share portion, as regulated in PT Bursa Efek Indonesia
Indonesia’s total outstanding shares. Regulation Number I-A regarding Registration of Shares and
Equity Securities Other than Shares Issued by Listed Companies.
In 2024 Maybank Indonesia did not hold any corporate actions
which caused changes in its outstanding shares.
128 2024 Annual Report
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Governance Responsibility
Description Date Stock Issued Number of Shares
Initial Public Offering (nominal Rp1,000) 21/11/1989 12,000,000 12,000,000
Bonus Shares 8/7/1990 28,000,000 40,000,000
Company Listing 18/7/1990 100,000,000 140,000,000
Share Dividends & Bonus Shares 6/8/1991 63,000,000 203,000,000
Share Dividend 4/8/1992 60,585,920 263,585,920
Limited Public Offering I 15/2/1994 52,717,184 316,303,104
Share Dividend 26/8/1996 35,144,789 351,447,893
Bonus Shares 26/8/1996 253,042,483 604,490,376
Bonus Shares 23/10/1996 362,694,226 967,184,601
Bonus Shares 4/11/1996 - 1,934,369,204
Limited Public Offering II 16/1/1997 1,289,579,469 3,223,948,673
Warrant Conversion I 1997 10,453,776 3,234,402,449
Warrant Conversion I 1998 42,520 3,234,444,969
Warrant Conversion I 1999 2,500 3,234,447,469
Bonus Shares 8/3/1999 646,888,994 3,881,336,463
Limited Public Offering III (nominal Rp125) 6/4/1999 62,101,383,408 65,982,719,871
Limited Public Offering III (continued) 21/6/1999 26,810,616,592 92,793,336,463
Warrant Conversion I 1999 23,982 92,793,360,445
IBRA (C-B) Warrant Conversion 1999 329,041,216 92,793,360,445
Warrant Conversion I 2000 101,862 92,793,462,307
IBRA (C-B) Warrant Conversion 2000 216,216 92,793,462,307
IBRA (C-B) Warrant Conversion 2001 95,830,560 92,793,462,307
Reverse Stock Split (10:1) 19/6/2002 - 9,279,346,231
Limited Public Offering IV 11/7/2002 38,504,000,000 47,783,346,231
2005 82,510,000 48,247,150,231
2006 381,294,000 48,247,150,231
2007 416,553,500 48,663,702,731
After ESOP Implementation 2008 1,364,733,500 50,028,436,231
Limited Public Offering V 2010 6,253,554,529 56,281,990,760
Limited Public Offering VI 2013 4,690,165,897 60,972,156,657
Limited Public Offering VII 2014 6,774,684,073 67,746,840,730
Limited Public Offering VIII 2018 8,468,355,091 76,215,195,821
2024 Annual Report PT Bank Maybank Indonesia Tbk 129
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Other Securities
Listing Chronology
PT Bank Maybank Indonesia Tbk (“Maybank Indonesia”) issued Bonds Issued by Maybank Indonesia
Bonds to support its business growth. The Bonds are listed on the On 11 July 2017, Maybank Indonesia 2 (two) Bonds
Indonesian Stock Exchange (IDX). simultaneously:
1. Bank Maybank Indonesia Shelf Registered Bonds II Phase
Bonds and Sukuk Matured in 2024 I Year 2017 Series A (matured on July 11, 2022), Series B
For Shelf Registered Bonds II Bank Maybank Indonesia Tranche (matured on 11 July 2024), and Series C
I Year 2019 amounting to Rp68,000,000,000 (sixty eight billion 2. Bank Maybank Indonesia Shelf Registered Sukuk
rupiah) maturing on 3 July 2024, the settlement of principal and Mudharabah II Phase I Year 2017 (matured on 11 July 2020).
last interest payment of the Bonds on 3 July 2024.
Through the Shelf Registered Public Offering (“PUB”) scheme,
For Shelf Registered Subordinated Bonds II of Bank Maybank as regulated in the Financial Services Authority Regulation No.
Indonesia Tranche I Year 2017 amounting to Rp300,000,000,000 36/POJK.04/2014 concerning Continuous Public Offering of Debt
(three hundred billion rupiah) with maturity date on 11 July 2024, Securities and/or Sukuk dated 8 December 2014.
the settlement of principal and last interest payment on 11 July
2024.
The details of the Bonds are as follows:
Bonds Name Bank Maybank Indonesia Sustainable Bonds II Phase I Year 2017
Tenor Series A: 5 years
Series B: 7 years
Series C: 10 years
Nominal Amount Series A: Rp435,000,000,000
Series B: Rp300,000,000,000
Series C: Rp100,000,000,000
Coupon Rate Series A: 8.00% (per year)
Series B: 8.50% (per year)
Series C: 8.65% (per year)
Issuance Date 11 July 2017
Current Rating PEFINDO : idAAA
First Coupon Payment 11 October 2017
Last Coupon Payment/ Maturity Date Series A: 11 July 2022
Series B: 11 July 2024
Series C: 11 July 2027
Use of Proceeds To increase earning assets mainly in the form of loans to support business growth of Maybank
Indonesia as well as to strengthen long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT Bahana Securities
PT Indo Premier Securities
PT Maybank Kim Eng Securities
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aryanti Artisari, SH., M.Kn
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Governance Responsibility
Chronology of Coupon Payment:
Series B Series C
1. 11 October 2017 Rp6,375,000,000 1. 11 October 2017 Rp2,162,500,000
2. 11 January 2018 Rp6,375,000,000 2. 11 January 2018 Rp2,162,500,000
3. 11 April 2018 Rp6,375,000,000 3. 11 April 2018 Rp2,162,500,000
4. 11 July 2018 Rp6,375,000,000 4. 11 July 2018 Rp2,162,500,000
5. 11 October 2018 Rp6,375,000,000 5. 11 October 2018 Rp2,162,500,000
6. 11 January 2019 Rp6,375,000,000 6. 11 January 2019 Rp2,162,500,000
7. 11 April 2019 Rp6,375,000,000 7. 11 April 2019 Rp2,162,500,000
8. 11 July 2019 Rp6,375,000,000 8. 11 July 2019 Rp2,162,500,000
9. 11 October 2019 Rp6,375,000,000 9. 11 October 2019 Rp2,162,500,000
10. 11 January 2020 Rp6,375,000,000 10. 11 January 2020 Rp2,162,500,000
11. 11 April 2020 Rp6,375,000,000 11. 11 April 2020 Rp2,162,500,000
12. 11 July 2020 Rp6,375,000,000 12. 11 July 2020 Rp2,162,500,000
13. 11 October 2020 Rp6,375,000,000 13. 11 October 2020 Rp2,162,500,000
14. 11 January 2021 Rp6,375,000,000 14. 11 January 2021 Rp2,162,500,000
15. 11 April 2021 Rp6,375,000,000 15. 11 April 2021 Rp2,162,500,000
16. 11 July 2021 Rp6,375,000,000 16. 11 July 2021 Rp2,162,500,000
17. 11 October 2021 Rp6,375,000,000 17. 11 October 2021 Rp2,162,500,000
18. 11 January 2022 Rp6,375,000,000 18. 11 January 2022 Rp2,162,500,000
19. 11 April 2022 Rp6,375,000,000 19. 11 April 2022 Rp2,162,500,000
20. 11 July 2022 Rp6,375,000,000 20. 11 July 2022 Rp2,162,500,000
21. 11 October 2022 Rp6,375,000,000 21. 11 October 2022 Rp2,162,500,000
22. 11 January 2023 Rp6,375,000,000 22. 11 January 2023 Rp2,162,500,000
23. 11 April 2023 Rp6,375,000,000 23. 11 April 2023 Rp2,162,500,000
24. 11 July 2023 Rp6,375,000,000 24. 11 July 2023 Rp2,162,500,000
25. 11 October 2023 Rp6,375,000,000 25. 11 October 2023 Rp2,162,500,000
26. 11 January 2024 Rp6,375,000,000 26. 11 January 2024 Rp2,162,500,000
27. 11 April 2024 Rp6,375,000,000 27. 11 April 2024 Rp2,162,500,000
28. 11 July 2024 Rp6,375,000,000 28. 11 July 2024 Rp2,162,500,000
29. 11 October 2024 Rp2,162,500,000
The Report on the Realisation of the Use of Proceeds from the Public Offering of Bank Maybank Indonesia's Shelf Registered Bonds
II Phase I Year 2017 and Bank Maybank Indonesia's Shelf Registered Sukuk Mudharabah II Phase I Year 2017 has been reported to the
Financial Services Authority through letter No. S.2018.312/DIR FIN dated 9 January 2018.
Furthermore, on 3 July 2019, Maybank Indonesia issued Shelf Registered Bonds III Bank Maybank Indonesia Phase I Year 2019 Series A
(matured on 13 July 2020), Series B (matured on 3 July 2022), and Series C (matured on 3 July 2024), through the Shelf Registered Public
Offering (“PUB”) scheme, as stipulated in the Financial Services Authority Regulation No. 36/POJK.04/2014 concerning Shelf Registered
Public Offering of Debt Securities and/or Sukuk dated 8 December 2014.
2024 Annual Report PT Bank Maybank Indonesia Tbk 131
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
The details of the Bonds are as follows:
Bonds Name Bank Maybank Indonesia Shelf Registration Bond III Phase I Year 2019
Tenor Series A: 370 hari
Series B: 3 tahun
Series C: 5 tahun
Nominal Amount Series A: Rp308,000,000,000
Series B: Rp624,000,000,000
Series C: Rp68,000,000,000
Coupon Rate Series A: 7.55% (per year)
Series B: 8.50% (per year)
Series C: 8.70% (per year)
Issuance Date 3 July 2019
Current Rating PEFINDO : idAAA
First Coupon Payment 3 October 2019
Last Coupon Payment/ Maturity Date Series A: 13 July 2020
Series B: 3 July 2022
Series C: 3 July 2024
Use of Proceeds To increase earning assets mainly in the form of loans to support business growth of Maybank
Indonesia as well as to strengthen long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT Bahana Sekuritas
PT Indo Premier Sekuritas
PT Maybank Kim Eng Sekuritas
PT Trimegah Sekuritas Indonesia Tbk
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aulia Taufani, S.H.
Chronology of Coupon Payment: The Report on the Realisation of the Use of Proceeds from the
Series C Public Offering of Bank Maybank Indonesia's Shelf Registered
Bonds III Phase I Year 2019 has been reported to the Financial
1. 3 October 2019 Rp1,479,000,000 Services Authority through letter No. S.2020.007/DIR FIN dated
2. 3 January 2020 Rp1,479,000,000
January 14, 2020.
3. 3 April 2020 Rp1,479,000,000
4. 3 July 2020 Rp1,479,000,000
5. 3 October 2020 Rp1,479,000,000 Furthermore, on July 8, 2022, Maybank Indonesia issued Shelf
6. 3 January 2021 Rp1,479,000,000 Registered Bonds IV Bank Maybank Indonesia Phase I Year
7. 3 April 2021 Rp1,479,000,000 2022 Series A (matured on July 18, 2023), Series B, and Series
8. 3 July 2021 Rp1,479,000,000
C, through the Continuous Public Offering (“PUB”) scheme, as
9. 3 October 2021 Rp1,479,000,000
10. 3 January 2022 Rp1,479,000,000
stipulated in the Financial Services Authority Regulation No. 36/
11. 3 April 2022 Rp1,479,000,000 POJK.04/2014 concerning Shelf Registered Public.
12. 3 July 2022 Rp1,479,000,000
13. 3 October 2022 Rp1,479,000,000
14. 3 January 2023 Rp1,479,000,000
15. 3 April 2023 Rp1,479,000,000
16. 3 July 2023 Rp1,479,000,000
17. 3 October 2023 Rp1,479,000,000
18. 3 January 2024 Rp1,479,000,000
19. 3 April 2024 Rp1,479,000,000
20. 3 July 2024 Rp1,479,000,000
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Governance Responsibility
The details of the Bonds are as follows::
Bonds Name Bank Maybank Indonesia Shelf Registration Bond IV Phase I Year 2022
Tenor Series A: 370 hari
Series B: 3 tahun
Series C: 5 tahun
Nominal Amount Series A: Rp400,000,000,000
Series B: Rp300,000,000,000
Series C: Rp300,000,000,000
Coupon Rate Series A: 3.80% (per year)
Series B: 6.25% (per year)
Series C: 6.80% (per year)
Issuance Date 8 July 2022
Current Rating PEFINDO : idAAA
First Coupon Payment 8 October 2022
Last Coupon Payment/ Maturity Date Series A: 18 July 2023
Series B: 8 July 2025
Series C: 8 July 2027
Use of Proceeds To increase productive assets in order to develop Maybank Indonesia's business, namely for
lending.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT BNI Sekuritas
PT Indo Premier Sekuritas
PT Maybank Sekuritas Indonesia
PT Trimegah Sekuritas Indonesia Tbk
Legal Firm
Melli Darsa & Co.
Trustee
PT Bank Mandiri (Persero) Tbk
Notary
Aulia Taufani, S.H.
Chronology of Coupon Payment: The Report on the Realisation of the Use of Proceeds from the
Series B Public Offering of Bank Maybank Indonesia's Shelf Registered
Bonds IV Phase I in 2022 has been reported to the Financial
1. 8 October 2022 Rp4,687,500,000 Services Authority through letter No. S.2023.001/MBI/DIR FIN –
2. 8 January 2023 Rp4,687,500,000
Corporate Finance & Capital Management dated 9 January 2023.
3. 8 April 2023 Rp4,687,500,000
4. 8 July 2023 Rp4,687,500,000
5. 8 October 2023 Rp4,687,500,000
6. 8 January 2024 Rp4,687,500,000
7. 8 April 2024 Rp4,687,500,000
8. 8 July 2024 Rp4,687,500,000
9. 8 October 2024 Rp4,687,500,000
Series C
1. 8 October 2022 Rp5,100,000,000
2. 8 January 2023 Rp5,100,000,000
3. 8 April 2023 Rp5,100,000,000
4. 8 July 2023 Rp5,100,000,000
5. 8 October 2023 Rp5,100,000,000
6. 8 January 2024 Rp5,100,000,000
7. 8 April 2024 Rp5,100,000,000
8. 8 July 2024 Rp5,100,000,000
9. 8 October 2024 Rp5,100,000,000
2024 Annual Report PT Bank Maybank Indonesia Tbk 133
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Overview of Other Securities Issues
Subordinated Long Term Notes Conducted Without Going Through Public Offering PT Bank Maybank Indonesia Tbk Year 2023
Maybank Indonesia issued the Long Term Notes Subordinated without Going Through Public Offering PT Bank Maybank Indonesia Tbk
Year 2023 ("Subordinated LTN") on 23 August 2023 as stipulated in the provisions of the Financial Services Authority (OJK) Regulation
No. 39/POJK.04/2019 regarding the Issuance of Debt Securities and/or Sukuk conducted without going through public offering, with
details as follows:
Securities Name Subordinated Long Term Notes Issued Without a Public Offering of PT Bank Maybank Indonesia
Tbk Year 2023
Tenor 10 years
Nominal Amount Rp100,000,000,000
Coupon Rate 7.90% (per year)
Issuance Date 23 August 2023
First Coupon Payment 23 November 2023
Last Coupon Payment/ Maturity Date 23 August 2033
Use of Proceeds as Supplementary Capital ("Tier 2 Capital") as stipulated in the applicable regulations and will be
used for lending and to strengthen the long-term funding structure.
Institution and Capital Market Supporting Joint Lead Underwriters
Professionals PT Maybank Sekuritas Indonesia
Legal Firm
Tumbuan & Partners
Notary
Aulia Taufani, S.H.
Chronology of Coupon Payment:
1. 23 November 2023 Rp1,975,000,000
2. 23 February 2024 Rp1,975,000,000
3. 23 May 2024 Rp1,975,000,000
4. 23 August 2024 Rp1,975,000,000
5. 23 November 2024 Rp1,975,000,000
Upon the issuance of the Subordinated LTN, Maybank Indonesia has obtained approval from OJK-Bank Supervisor through letter
No. S-100/PB.32/2023 on 6 October 2023, to consider the Subordinated LTN as a component of Additional Capital (Tier II) in the
calculation of Maybank Indonesia Minimum Capital Adequacy Ratio (CAR).
134 2024 Annual Report
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Governance Responsibility
Ratings
As part of the Maybank Indonesia’s policy to provide information to shareholders and public, Maybank Indonesia conducts ratings to
assess the Company’s performance and condition through independent party, namely PT Pemeringkat Efek Indonesia (PEFINDO).
PEFINDO
March 2025
Corporate Rating idAAA/Stable Outlook
Shelf Registered Bond IV Tranche I/2022 idAAA
Shelf Registered Bond II Tranche I/2017 idAAA
Public Accountant & Public
Accountant Firm Services
PUBLIC ACCOUNTING FIRM PUBLIC ACCOUNTING FIRM
Public Accountant Name: Yasir Public Accountant Office Purwantono, Sungkoro & Surja
Terdaftar No. AP.0703 Gedung Bursa Efek Indonesia, Tower 2, 7th Floor
Jl. Jenderal Sudirman Kav. 52-53 Jakarta 12190, Indonesia
Tel. (62-21) 5289 5000
Website: www.ey.com/id
Services provided:
Auditing the Consolidated Financial Statements for the Financial
Year 2024 including a review of the modelling related to
Expected Credit Losses in accordance with PSAK 71.
Other services:
Review of the Consolidated Financial Statements as of 30 June
2024 and issuance of Comfort Letter.
Service Period:
Financial Year 2024
Fee provided:
- Rp4,330,500,000 for audit of Consolidated Financial
Statements for the year ended 31 December 2024
- Rp164,000,000 for review of Expected Credit Loss modelling
in accordance with PSAK 71
- Rp1,152,000,000 for review of Consolidated Financial
Statements as of 30 June 2024
2024 Annual Report PT Bank Maybank Indonesia Tbk 135
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Capital Market Supporting
Institutions and Professions
Custodian Rating Agency
PT Kustodian Sentral Efek Indonesia PT Pemeringkat Efek Indonesia (Pefindo)
Indonesia Stock Exchange Building, Equity Tower 30th Floor
Menara I, 5th Floor Sudirman Central Business District
Jl. Jendral Sudirman Kav. 52– 53, Jakarta 12190 Lot 9
Tel. +62 21 5299 1099 Jl. Jendral Sudirman Kav. 52-53
Faks. +62 21 5299 1199 Jakarta 12190, Indonesia
Tel. +62 21 509 684 69
Faks. +62 21 509 684 68
Trustees
Notary Public
PT Bank Mandiri (Persero) Tbk
International Banking & Financial Institutions Group Aulia Taufani, S.H.
Plaza Mandiri 22nd Floor Menara Sudirman 18th Floor ABD
Jl. Jend. Gatot Subroto Kav. 36-38 Jl. Jend Sudirman Kav.60
Jakarta, 12190 Jakarta Selatan 12190
Tel. +62 21 526 5045 Tel. +62 21 520 4778
Faks. +62 21 527 4477 Faks. +62 21 520 4779
Listing Services
Bursa Efek Indonesia
Indonesia Stock Exchange Building
Tower I 6th Floor
Jl. Jend. Sudirman Kav.52-53
Jakarta 12190
Tel. +62 21 5150515
136 2024 Annual Report
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Governance Responsibility
Information on
Corporate Website
Maybank Indonesia has a website, www.maybank.co.id, which Information related to Investor Relations consisting of:
is equipped with various important information that is updated • Financial Highlights, Annual Reports, Financial Statements,
regularly. The Bank’s website is created and managed based on Monthly Publication Reports, Company Presentations, GMS,
OJK Regulation No. 8/POJK.04/2015 regarding Website of Public Share Information, Dividend Information, Corporate Actions,
Companies. Maybank Indonesia website can be accessed by Bond Information, Credit Ratings, Leverage and Liquidity
customers and public to gather information about the Company. Coverage Ratio, and Corporate Research www.maybank.co.id
• Information on Products and Services offered by the Bank.
The Bank continuously improves the website to become more The information includes the following products and
informative, accessible, easy to navigate and user-friendly. services: Retail Banking, Global Banking, Business Banking,
The website has information display in two languages, namely Global Markets, Shariah and E-Banking.
Indonesian and English. Maybank Indonesia is committed to • The website also provides other information related to the
continuously improve the implementation of the Disclosure Bank’s office network and electronic network, Corporate
Principle as mandated by the prevailing laws and regulations. Governance (GCG) implementation report, Corporate Social
To improve the implementation of good corporate governance, Responsibility (CSR) activities, news and information for the
especially in providing access to comprehensive information media.
on the Bank’s performance to shareholders, customers, the
public, government, and other stakeholders, Maybank Indonesia The Bank’s website also contains career opportunities in the
provides access to the required information on the Bank’s official Bank, banking education to customers, and a glossary of terms
website. along with information on interest rates applicable in the
Bank, as well as other information related to the principle of
Information on the Bank’s website generally consists of: transparency in the management of the Company.
General information about the Bank consisting of Maybank
Indonesia Profile, Vision and Mission, Profiles of the Board of
Commissioners, Board of Directors, Shariah Supervisory Board,
Organisational Structure, Group Structure, Subsidiaries &
Associates, Capital Market Supporting Institutions & Professions,
Awards, Guarantees and Protections, Company Articles of
Association, Committees, and Maybank Foundation Scholarship
Program.
2024 Annual Report PT Bank Maybank Indonesia Tbk 137
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Operational
Areas
Aceh
MEDAN
Pekanbaru
Pontianak
Jambi
PALEMBANG
Pangkal Pinang
Padang
Muarabungo
Bengkulu
JAKARTA 1
JAKARTA 2
Lampung JAKARTA 3
WEST JAVA
CENTRAL JAVA
Regional Office Total Branches * Total ATM
North Sumatra
South Sumatra
345 895**
Jakarta 1 2022 2022
Jakarta 2
Jakarta 3 337 765**
West Java
2023 2023
Central Java
East Java, Bali, & Nusa Tenggara
Kalimantan
Sulawesi & Eastern Indonesia
314 747
2024 2024
* Total Branches: Number of Conventional ** Including 26 Cash Recycle Machines (CRM)
Branch Offices + Number of Overseas Branch
Offices + Number of Shariah Branch Offices
138 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Tarakan
Samarinda Gorontalo
Manado
Palu Ternate
Sorong
Jayapura
Mamuju
Kendari
Sampit
BALIKPAPAN
Banjarmasin Ambon
MAKASSAR
Bali
Kupang
EAST JAVA
Nusa Tenggara
Total Regional Total Conventional Total Main Total Sub-Branch
Offices Branch Offices Branch Offices Offices
10 10 10 324 316 79 79 79 245 237
293 214
2022 2023 2024 2022 2023 2024 2022 2023 2024 2022 2023 2024
Total Overseas Total Shariah Total Micro Total KCP
Branch Offices Branch Offices Offices Mobile
1 1 1 19
20 20 1 22 22 22
0 0
2022 2023 2024 2022 2023 2024 2022 2023 2024 2022 2023 2024
2024 Annual Report PT Bank Maybank Indonesia Tbk 139
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Branch Offices
Address
Conventional Branch Office
Branch Name Address Phone
REGIONAL OFFICE NORTH Gedung Sinar Mas Land Plaza Lt.3, Jl. Diponegoro No. 18, Medan
SUMATRA
KC DIPONEGORO MEDAN Jl. Diponegoro No. 18, Medan 061-4537 888
KCP SUMATERA Jl. Sumatera No. 93 C, Medan 061-88817811
KCP GLUGUR Jl. Glugur No. 71A, Medan Petisah, Medan 061-4152011
KCP BINJAI Jl. Jend. Sudirman No. 207 A-B, Binjai 061-8822325
KCP RING ROAD Jl Gagak Hitam /Ring Road Nomor 8-9, Kel Sunggal, Kec Medan Sunggal, Medan 061-42577079
KCP TOMANG ELOK Jl. Gatot Subroto Komp. Tomang Elok Blok C No. 105 Medan 061-8462222
KCP TANJUNG MORAWA Jl. Pahlawan No. 40 Tanjung Morawa, Deli Serdang 061-7940622
KCP BRIGJEN KATAMSO Jl. Brigadir Jendral Katamso No. 761 AB, Medan 061-7878008
KCP LUBUK PAKAM Jl. Sutomo No. 7 Kelurahan Lubuk Pakam Pekan Kecamatan Lubuk Pakam 061-7951238
Kabupaten Deli Serdang
KC PALANG MERAH, MEDAN Jl. Palang Merah No. 15, Medan 061-4512800
KCP JL BANDUNG MEDAN Jl. Bandung 88/11, Pasar Baru, Medan 061-4559811
KCP THAMRIN MEDAN Jl. Thamrin No. 75 - C-I Medan 061-7348000
KCP KRAKATAU Jl. Krakatau No. 138 A Medan 061-6630050
KCP PULO BRAYAN Jl. K.L. Yos Sudarso No. 2 M-N, Pulo Brayan, Medan 061-6620888
KCP A.R.HAKIM Jl. A.R. Hakim No. 8, Medan 061-7352688
KCP SUTOMO Jl. DR. Sutomo No. 18 I-J Medan 061-4565088
KCP CEMARA ASRI Jl. Cemara Boulevard Blok B 1 No. 76, Kompleks Cemara Asri, Deli Serdang 061-6638286
KC BATAM Raja Ali Haji No. 38 Batam 0778-456377
KCP CITRAMAS PENUIN Jl. Pembangunan Komp. Citramas Bl. A No. 18, Penuin Batam 0778-422710
KCP BATU AJI Komplek Sentosa Perdana Blok DD No. 9 & 10, Batam - Kepri 0778-392087
KCP PALM SPRING BATAM CENTER Komplek Palm Spring BTC Blok D1 No. 10, Batam Centre 0778-466705
KCP BOTANIA GARDEN Ruko Botania Garden, Botania Garden Blok A1 No 1A dan 1B, Batam Center - Batam 0778-7495222
KC PEMATANG SIANTAR Jl. DR. Sutomo No. 245 Pematang Siantar 21118 0622-420777
KCP TEBING TINGGI Jl. Suprapto No.107, Tebing Tinggi 0621-325811
KCP KISARAN Jl. Imam Bonjol No. 148 Kelurahan Kisaran Kota, Kecamatan Kisaran Kabupaten 0623-348811
Asahan
KC RANTAU PRAPAT Jl. Diponegoro No. 19 Rantau Prapat 21412 0624-327333
KC TANJUNG PINANG Jl. Merdeka No. 6 F- G Tanjung Pinang 29111 0771-311800
KCP TANJUNG UBAN Jl. Permaisuri No. 7 Tanjung Uban 0771-81800
KC PEKANBARU Komp. Senapelan Plaza, Jl. Jend. Sudirman No. 69 Pekanbaru 0761-31922
KCP RIAU Jl. Riau No. 10 FG Kel. Tampan Kec. Tampan, Kota Pekanbaru, Riau 0761-848811
KCP DUMAI Jl. Sukajadi/ P. Diponegoro No. 106 & 108, Dumai 28812 0765-32811
KCP NANGKA Komp. Citra Plaza Jl. Teuku Tambusai (D/H Jl. Nangka) No. 12 Pekanbaru 0761-28230
KC PADANG Jl. Jend. Sudirman No. 14 Padang 25121 0751-30811
KCP PONDOK/ PLAZA MINANG Jl. Pondok No. 86 - C, Kota Padang, Provinsi Sumatera Barat 25121 0751-33148
KCP BUKIT TINGGI Jl. Jend. A. Yani No. 92 Bukit Tinggi 0752-625811/5
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Branch Name Address Phone
REGIONAL OFFICE SOUTH Jl. Kapten Rivai No. 1293, Lantai 5, palembang, Sumatera Selatan
SUMATRA
KC BENGKULU Jl. Soewondo Parman No. 51-52, Kelurahan Penurunan, Kecamatan Ratu Samban, 0736-344100
Kota Bengkulu, Provinsi Bengkulu
KC JAMBI Jl. DR. Sutomo No. 54 Jambi 36113 0741-32141 47
KCP JELUTUNG Jl. Hayam Wuruk No. 74-75, Jelutung, Jambi 0741-20611
KCP SIPIN, JBI Jl. Kapt. A. Bakarudin No. 67 & 68, Sipin, Jambi 36122 0741-63981
KCP TALANG BANJAR Jl. Rang Kayo Pngai No. 36 RT 003 RW 003, Kelurahan Talang Banjar, Kecamatan 0741-34700
Jambi Timur, Kota Jambi
KC MUARA BUNGO Jl. Sudirman No. 55, RT 015 RW 006, Kelurahan Bungo Barat, Kecamatan Muara 0747-321181
Bungo, Kabupaten Bungo, Jambi
KC PALEMBANG Jl. Kapten Rivai No. 1293 Palembang 30129 0711-311909
KCP SUKAMTO Jl. R. Sukamto No. 28 E, Palembang 0711-314222/33
KCP LETKOL ISKANDAR Jl. Letkol. Iskandar No. 901 ABCD Palembang 0711-370771/2
KCP KEBUMEN DARAT Jl. Kebumen Darat No. 742, Palembang 0711-361447
KCP POLYGON Perumahan Bukit Sejahtera (Polygon) Bl. BA No. 17, Palembang 0711-442605
KCP LEMABANG Jl. RE Martadinata No. 18 B, Kel. 8 Ilir, Kec. Ilir Tengah 1, Palembang 0711-710334
KCP BANYUASIN Jl. Sultan Mahmud Badaruddin II KM 12 No.6, Kelurahan Alang-alang lebar, Kec 0711-5645217
Alang-alang lebar (dr.Sukarami) Palembang 30154
KCP LUBUK LINGGAU Jl. Garuda Nomor 2, RT 005 RW 000, Kelurahan Pasar Pemiri, Kecamatan Lubuk 0733-320170
Linggau Barat II, Kota Lubuk Linggau
KC BANDAR LAMPUNG Jl. Pattimura No. 15, Kelurahan Kupang Kota, Kecamatan Teluk Betung Utara, Kota 0721-487409/10
Bandar Lampung
KCP TANJUNG KARANG Jl. Kartini Komp. Pertokoan Pasar Tengah Blok B / II No. 15 Tanjung Karang Lampung 0721-266651
3511
KCP RADEN INTEN Jln. Raden Intan No. 144/88 Tanjung Karang, Bandar Lampung 0721-250270
KCP METRO LAMPUNG Komp. Ruko Sumur Bandung Blok B No. 5 Metro, Lampung 0725-4781114
KCP BANDAR JAYA Jl. Proklamator No. 25 Kelurahan Bandar Jaya Barat, Kecamatan Terbanggi Besar, 0725-527611
Kabupaten Lampung Tengah, Propinsi Lampung
KCP ANTASARI Jl. Pangeran Antasari No. 36 C, Kelurahan Kedamaian, Kecamatan Tanjung Karang 0721-5600588
Timur, Kota Bandar Lampung, Lampung
KC PANGKALPINANG Jl. Jendral Sudirman, RT. 005 RW. 002, Kelurahan Gedung Nasional, Kecamatan 0717-424324
taman Sari, Kota Pangkalpinang, Provinsi Kepulauan Bangka Belitung, Kode pos
33127
REGIONAL OFFICE WEST JAVA Jl. R.E. Martadinata No. 23 Bandung
KC RE MARTADINATA Jl. R.E. Martadinata No. 23 Bandung 022-4240720
KCP GATOT SUBROTO Jl. Jenderal Gatot Subroto Nomor 251, RT 001 RW 03, Kelurahan Cibangkong, 022-73517501
Kecamatan Batununggal, Kota Bandung
KCP BUAH BATU Jl. Buah Batu No. 261 Bandung 022-7305595
KCP KOPO SAYATI Jl. Raya Kopo Bihbul No. 16 D Bandung 022-5415858
KCP JL AHMAD YANI BANDUNG Jl. A. Yani No. 702 Bandung 022-7202914
KCP BATUNUNGGAL Jl. Batununggal Indah No. 153, Kelurahan Batununggal, Kecamatan Bandung Kidul, 022-7563466
Wilayah Gedebage, Kota Bandung, Provinsi Jawa Barat
2024 Annual Report PT Bank Maybank Indonesia Tbk 141
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Main Highlights Management Report Company Profile Management Discussion
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Branch Name Address Phone
KCP MOHAMMAD TOHA Jl. Mohammad Toha No. 111 A dan 165, Kelurahan Cigereleng, Bandung 022-42826965/
42826599
KC ASIA AFRIKA Jl. Asia Afrika No. 113 Bandung 022-4214024
KCP SETIA BUDI BANDUNG Jl. Dokter Setiabudhi No. 170 E, Kelurahan Hegarmanah, Kecamatan Cidadap, Kota 022-2032616
Bandung, Propinsi Jawa Barat
KCP CIMAHI Jl. Amir Mahmud no. 294, Cimahi 022-6658188
KCP KOMPLEK SUMBER SARI Ruko Sumber Sari No. 130 Jl. Soekarno Hatta, Bandung 022-6079900
KCP SURYA SUMANTRI Jl. Surya Sumantri No. 56 Bandung 022-2003390
KCP PASIR KALIKI Jl. Pasirkaliki No. 154, Bandung 022-84468050
KCP RANCAEKEK Jl. Rancaekek No. 147, Bandung 022-7797022
KCP JL CIBADAK BANDUNG Jl. Cibadak No. 88 Bandung 022-4207809
KCP KOPO PLAZA Ruko Bumi Kopo Kencana Bl. D-14, Jl. Lingkar Selatan, Bandung 022-6079717
KCP KOTA BARU PARAHYANGAN Ruko Tatar Pancawarna, Jl. Pancawarna no. 11, Kota Baru Parahyangan, Desa 022-86861195
Cipendeuy, Kecamatan Padalarang, Kabupaten Bandung Barat, Provinsi Jawa Barat
KCP UJUNGBERUNG Jl AH Nasution 113, Kec Ujungberung, Bandung 022-63734481
KCP GARUT Jl. Ciledug No. 177, RT 001 RW 010, Desa/Kelurahan Kotakulon, Kecamatan Garut 0262-238071
Kota, Kabupaten Garut
KCP TAMAN KOPO INDAH Ruko 1B-20 RT 10 RW 11, Desa Rahayu, Kecamatan Margaasih, Kabupaten Bandung 022-5421334
KC SUKABUMI Jl. Jendral Sudirman No. 72, Kelurahan Benteng, Kota Sukabumi 0266-214800
KCP CIANJUR Jl. HOS Cokroaminoto No. 98 Cianjur 43215 0263-282800
KCP CIBADAK Jl. Siliwangi No. 81 B, RT 001, RW 018, Kelurahan Cibadak, Kecamatan Cibadak, 0266-534700
Kabupaten Sukabumi, Provinsi Jawa Barat
KC TASIKMALAYA Jl. Juda Negara Ruko No. 16-17 Tasikmalaya 0265-338408
KC CIREBON Jl. Siliwangi No. 49 Cirebon 0231-202150
KCP PAGONGAN Komplek Ruko Cirebon Grand Center D.10, Jl. Pagongan Kel. Pekalangan, Kec. 0231-233350
Pekalipan, Kota Cirebon
REGIONAL OFFICE JAKARTA 1 Gedung Sinar Mas Land Plaza, Menara 1 lt. 3 Jl. M.H. Thamrin Kav. 22 No. 51,
Jakarta
KC THAMRIN, JKT Jl. MH Thamrin Kav. 22 No. 51, Tower 2 lt. 1, Jakarta 10350 021-2300888
KCP PROKLAMASI Jl. Proklamasi No. 23 Jakarta Pusat 10320 021-3906889
KCP WISMA KEIAI Wisma KEIAI Lt. Dasar, Jl. Jend. Sudirman Kav. 3-4, Jakarta 021-5724031-36
KCP TANAH ABANG Jl. Fachruddin Bl. D 18-19 Tanah Abang, Jakarta Pusat 10250 021-2303035/3923520
KC SUMMIT MAS, JKT Summitmas Tower II Jl. Jend. Sudirman Kav. 61, Jakarta 021-2526333
KCP WOLTER MONGINSIDI Jl. Wolter Monginsidi No. 64B, Kebayoran Baru, Jakarta Selatan 021-72796941/43
KCP PALMERAH Jl. Palmerah Utara 36-38, Jakarta 021-5305119
KCP PERMATA HIJAU Jl. Perak No. 17B , Permata Hijau , Jakarta 12210 021-5357333
KCP SENTRAL SENAYAN 3 Gedung Sentral Senayan 3, Ground Floor, Jl. Asia Afrika 8, Gelora Bung Karno, 021-29228857
Senayan, Jakarta Pusat 10270
KC MT. HARYONO, JKT Wisma Korindo Lt. 1, Jl. MT. Haryono Kav. 62 Jakarta 021-7976061-5
KCP WISMA MULIA Suite G 01, Wisma Mulia Jl. Jend. Gatot Subroto 42, Kuningan Barat, Mampang 021-52906000
Prapatan Jakarta 12710
KCP GRAHA IRAMA Jl. HR Rasuna Said Kav. 1-2 Ground Floor Blok B Jakarta Selatan 021-5261330-4
KCP SUPOMO Jl. Profesor Supomo SH Blok Z Persil 25 (Supomo No. 55), Kec. Tebet, Kel. Tebet 021-83780897-8
Barat, Jakarta Selatan
KC FATMAWATI, JKT Jl. R.S. Fatmawati No. 28 Jakarta 021-7511900
KCP AMPERA Jl. Ampera Raya 10 Pejaten Barat, Jakarta 12510 021-7180149-50
KCP KEMANG Jl. Kemang Raya No. 6 Jakarta 021-7181404
KCP PANGLIMA POLIM Jl. Panglima Polim Raya No. 79 Jakarta 021-2700811
KCP TB SIMATUPANG Gedung Graha Simatupang, lt. 1 & 2, Jl. T B Simatupang Kav. 38, Jakarta Selatan 021-7813292-94
KCP DEPOK Jl. Margonda Raya No. 38 Depok 021-7751368
KC PONDOK INDAH, JKT Jl. Metro Pondok Indah Kav. II UA No.65-66, Jakarta 12310 021-7500027
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Branch Name Address Phone
KCP BONA INDAH Jl. Karang Tengah, Kompleks Perumahan Bona Indah Blok A2/B Kavling No. 6, Lebak 021-7548033
Bulus, Cilandak, Jakarta Selatan, DKI Jakarta
KCP PAMULANG Jl. Siliwangi Ruko Pamulang Permai 1 Blok SH 19/12, Ds. Pamulang Barat, Kec. 021-74701403
Pamulang, Kab. Tangerang Selatan
KCP BINTARO JAYA Jl. Bintaro Utama 3 A Rukan Blok A No.1 , Pondok Aren, Tangerang 021-7351158-60
KCP KEBAYORAN ARCADE Jl. Ruko Kebayoran Arcade II, Kaveling Blok KA/B2 22, Kelurahan Pondok Jaya, 021-29511826
Kecamatan Pondok Aren, Kota Tangerang Selatan
KCP BINTARO PERMAI Jl. RS Veteran No. 1, Kel. Bintaro, Kec. Pesanggrahan, Jakarta Selatan 021-73692589
KCP RADIO DALAM Jl. Radio Dalam No. A/1b (Komplek Yado) Kec Kebayoran Baru, Gandaria Utara 021-72798989
Jakarta Selatan
KC JATINEGARA, JKT Jl. Jatinegara Timur 59 Jakarta 021-2800320/2800333
KCP MATRAMAN Jl. Matraman Raya No. 55 Jakarta 021-8510761-65
KCP PEMUDA Jl. Matraman Raya No. 55 Jakarta 021-4714850
KC ROXY MAS, JKT Jl. Hasyim Ashari Blok B1 12 A, Jakarta 021-6329515
KCP CENTRAL PARK Garden Shopping Arcade Blok B / 08 /BC, Kawasan Podomoro City. 021-29209059
Jl. S. Parman Kav. 5-9 Tanjung Duren Selatan, Grogol Petamburan,
Jakarta Barat
KCP DAAN MOGOT Jl. Daan Mogot Raya Km 1 No. 10, Rukun Tetangga No. 011, Rukun Warga 04, 021-29200611
Kelurahan Jelambar, Kecamatan Grogol Petamburan, Jakarta Barat.
KCP GREEN VILLE Komp. Pertokoan Green Ville Blok A 17-18 Jakarta 021-5656044
KCP JEMBATAN LIMA Jl. Moch. Mansyur No. 65 D, Jakarta 11270 021-6304135
REGIONAL OFFICE JAKARTA 2 Gedung Wisma Eka Jiwa lt. 6, Jl. Mangga Dua Raya, Jakarta 10730
KC KOTA Jl. Gajah Mada No. 187, Jakarta Barat 021-2310811
KCP SUKARJO WIRYOPRANOTO Jl. Sukarjo Wiryopranoto No. 71A Kel. Maphar, Kec. Taman Sari, Jakarta Barat. 11150 021-3448188
KCP GARUDA Jl. Garuda No. 22B, Jakarta 021-4211844
KCP LINDETEVES TRADE CENTER Lindeteves Trade Center, Ruko RA-47 dan kios C31 No. 10, Ground Floor 2 (GF2) 021-62320643
KCP GLODOK PLAZA Komp. Glodok Plaza, Jl. Pinangsia Raya Blok E No. 9-10, Jakarta 021-628-1100
KCP MANGGA BESAR Jl Mangga Besar Raya No 42C RT. 002 RW. 002, Kelurahan Taman Sari, kecamatan 021-6261184
Taman Sari, Jakarta Barat 11180
KCP KETAPANG INDAH Komplek Ketapang Indah Blok B-2 No.18 Jakarta Barat 021-6338566
KC PURI KENCANA, JKT Komp. Puri Niaga III, Jl. Puri Kencana B1. M - 8 No. 1 JKL, Jakarta 11610 021-583-56536
KCP PURI SENTRA NIAGA Jl. Kompleks Ruko Sentra Niaga Puri Indah Blok T 1 nomor 8, Kecamatan 021-22500505
Kembangan, Kelurahan Kembangan Selatan, Jakarta Barat
KCP TAMAN PALEM Ruko Taman Palem Lestari Blok D10/25, Cengkareng, Jakarta Barat 021-55959008
KCP KEBUN JERUK INTERCON Komplek Intercon Plaza No. 3 Jl. Meruya Ilir No. 14, Jakarta 021-5841501
KCP KEBON JERUK PLAZA Jl. Raya Perjuangan Blok A No.7-8 Jakarta 021-5308885
KCP DAAN MOGOT BARU Ruko Daan Mogot Baru, Jl. Tanah lot Blok LB V No.31-32, Tangerang 021-5447188
KCP GREEN GARDEN Komp. Perumahan Green Garden Jl. Raya Daan Mogot Km. 3 Blok 22 No. 46, Jakarta 021-5828359
KCP DUTA MAS JELAMBAR Komp. Pertokoan Taman Duta Mas, Blok E1 No. 15 Jl. Tubagus Angke, Jakarta 021-5678021
KC EKAJIWA, JKT Gedung Wisma Eka Jiwa lt. 6, Jl. Mangga Dua Raya, Jakarta 10730 021-612-1611
KCP HARCO MANGGA DUA Ruko Agung Sedayu Blok G No. 2, Jl. Mangga Dua Raya, Jakarta 10730 021-62202790
KCP PANGERAN JAYAKARTA Jl. Pangeran Jayakarta No. 129, Blok A9-10, Kel. Mangga Dua Selatan, Kec. Sawah 021-6242677
Besar, Jakarta Pusat 10370
KCP MAL MANGGA DUA Gd. Mal Mangga Dua Blok RM No. 1-2, Jl.Mangga Dua Raya, Jakarta Pusat 10730 021-6129160
KCP KALI BESAR Jl. Kalibesar Barat No. 18-19, Jakarta Barat 021-2600811
KC KELAPA GADING, JKT Jl. Raya Barat Boulevard Blok LC5 No. 9-11, Jakarta 021-4503181
KCP KLP. GADING BULEVARD I Jl. Kelapa Gading Boulevard Blok PA-19 No. 11, Jakarta Utara 14240 021-4514425
KCP KLP. GADING BULEVARD II Jl. Raya Boulevard I-3 no. 4, Jakarta 021-4515253
KCP KLP. GADING KIRANA Jl. Gading Kirana Timur Blok A 13 No. 35, Jakarta Utara 021-4513212-15
KCP CAKUNG CILINCING PT. Bimaruna Jaya, Jl. Cakung Cilincing Km.1,5, Jakarta Timur 021-4619401
KC PLUIT, JKT Jl Pluit Kencana Raya No. 80 Blok D Kav. 34, Jakarta 021-6604333
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Branch Name Address Phone
KCP BANDENGAN Jl. Bandengan Utara No. 85/A 10, Jakarta 021-6601469
KCP BUKIT GOLF MEDITERANIA Rukan Exclusive A 6-7, Bukit Golf Mediterania, Jakarta Utara 021-55966101
KCP TELUK GONG Ruko Duta Indah Square 1, Jl. Raya Teluk Gong No. 15 Blok A No. 1, Jakarta Utara 021-66670575
KCP MUARA KARANG RAYA Jl Pluit Karang No 197 Blok A7 Kav No 2 Jakarta Utara 021-22667767
KCP MUARA KARANG Jl. Pluit Karang Timur Bl. B 8 No. 112 Jakarta 021-660-1478
KCP PESONA INDAH KAPUK Rukan Pesona Indah Kapuk Jl. Kapuk Kamal Raya Blok A No. 3A & 5, Jakarta 021-55951850
KC CEMPAKA MAS, JKT Ruko Grand Cempaka Jl. Letjend. Suprapto Blok A No.34, Cempaka Putih, Jakarta 021-4215915-20
10640
KCP TANJUNG PRIOK Jl Enggano No. 38, Tanjung Priuk, Jakarta 021-430-0419
KCP SUNTER PARADISE Jl. Bismaraya Blok A5 No. 50, Sunter, Jakarta 021-6452804-05
KCP SUNTER PODOMORO Jl. Sunter Agung Utara Blok A36 d No. 40-41, Sunter, Jakarta Utara 021-64716300
KCP DANAU SUNTER II Jl. Danau Agung II C3/C4 RT 010/011 No. 77 A-B, Jakarta Utara 021-6518105
REGIONAL OFFICE JAKARTA 3 Gedung Kantor Cabang Jatinegara Lt.3, Jl. Jatinegara Timur 59,
Jakarta Timur
KC BEKASI, JTN-JKT Ruko Kalimalang Commercial Center, Jl. Jend. A. Yani Blok A-1 No. 8 Bekasi 021-8849060
KCP KALIMALANG, Pertokoan Duta Permai Bl.B-1 No.14-16, Jl. Kalimalang, Bekasi 021-88954311
KCP PONDOK GEDE Jl. Raya Jatiwaringin No. 93B, Kelurahan Jatiwaringin, Kecamatan Pondok Gede, 021-85527460
Kota Bekasi, Provinsi Jawa Barat
KCP HARAPAN INDAH Ruko Sentra Niaga 2 Blok SN2 No. 7, Bulevar Hijau, Harapan Indah, Medan Satria, 021-88387040
Bekasi Barat
KCP GRAND WISATA Ruko Grand Wisata Blok AA 9 No. 23, Bekasi 021-82616054
KCP KEMANG PRATAMA Ruko Kemang Pratama Kav. AM No. 07 B, Bekasi 021-82415222
KC LIPPO CIKARANG Komp. Ruko Thamrin Bl. B No. 2 Bl. B No. 2 Lippo Cikarang Jl. MH. Thamrin, Bekasi 021-89909052
17550
KCP CIBITUNG Komplek Perkantoran Kawasan Industri, MM 2100 Blok C No. 12 A dan B, Cibitung 021-8981338-40
- Bekasi
KCP JABABEKA Jl. Niaga Raya Ruko Capitol No. 2 M , Jababeka II 021-89830717
KCP CIKARANG PLAZA Ruko Cikarang Plaza, Jl. Sumantri Blok No. 17 & 18, Cikarang, Jawa Barat 021-8905011-13
KCP DELTAMAS PERUMAHAN KOTA DELTAMAS, BLOK B NO. 1, LOKASI PALAIS De PARIS, DESA 021-89970005
SUKAMAHI, CIKARANG PUSAT
KC KARAWANG, JKT Jl. Jend. A. Yani No. 85 Karawang 0276-403304
KCP SENTRA KIIC Sentra KIIC Room #1, Unit C, Sentra KIIC, Jl. Permata Raya Lot-CA 1, Kawasan 021-8905404-05
Industri KIIC, Telukjambe Karawang - Jawa Barat 0267-644008, 646382
KCP CIKAMPEK Jl. Jend. A. Yani Ruko No. 60C Cikampek 0264-311761/3
KCP SURYA CIPTA KARAWANG Gedung Suryacipta Square, Jl. Surya Utama Kav.C-1, Kawasan Industri Suryacipta, 0267-8610234
Karawang
KCP BUKIT INDAH Kompleks Sentra Niaga Blok A-II No. 29 Kanto No. 44, Kota Bukit Indah, Kabupaten 0264-8371185/88
Purwakarta
KCP TUPAREV Jl. Tuparev No. 56, Kecamatan Karawang Barat, Kabupaten Karawang, Jawa Barat 0267-8490899
KCP PURWAKARTA Jl. Jendral Sudirman No. 59 Purwakarta 0264-311761-3
KC BOGOR, JKT Jl. Suryakencana No. 231 Bogor 0251-8330316
KCP PAJAJARAN Komp. Pertokoan Jl. Pajajaran No. 20 (28 L), Bogor 0251-8317291
KCP CITRA GRAN CIBUBUR Perumahan Citra Gran Kawasan City Walk Blok CW No. 10 dan 11, Cibubur 021-29060515-7
KCP BARANANGSIANG Jl. Raya Pajajaran No. 78 N, Bogor 0251-8330082
KCP CIBINONG Jl. Mayor Oking Jayaatmaja No. 27 Komp. Pertokoan Cibinong Indah Bl. A No.3, 021-8753692
Cibinong
KCP KOTA WISATA Ruko Trafalgar Bl. H-2&H-3 Sentra Eropa, Perum. Kota Wisata Jl. Transyogi km 6, 021-84934504
Cibubur, Bogor
KC CILEGON Jl. Lingkar Selatan No. 2, Kedaleman, Kec. Cibeber, Kota Cilegon, Banten. 42422 0254-395401
KC TANGERANG, JKT Jl. Daan Mogot No. 33, Tangerang 021-5513626
KCP CITRA RAYA CIKUPA Jl. Boulevard Utama Ruko Square 2 Blok B 5A/01, Perumahan Citra Raya Cikupa, 021-5961190
Tangerang
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Branch Name Address Phone
KCP CBD CILEDUG CBD Ciledug Trade Mall & Shopping Arcade Ruko A3/27, Jl. HOS Cokroaminoto No. 021-73458080
93 Ciledug, Tgr
KCP TANGERANG CITY Ruko Business Park, Tangerang City A 36, Jl. Jendral Sudirman dan Jl. Perintis 021-29239700
Kemerdekaan, Kota Tangerang
KC BUMI SERPONG DAMAI Ruko BSD Sektor 7 Jl. Raya Serpong Blok RN No.56-57, Tangerang 15310 021-5371455
KCP ALAM SUTERA Ruko Sutera Niaga I No. 36 & 37, Ruko Alam Sutera, Tangerang 021-53124750
KCP SUMMARECON SERPONG Jl. Gading Serpong Boulevard Blok AA No. 27 Gading Serpong, Tangerang Banten 021-5467910
KCP KARAWACI Ruko Pinangsia, Karawaci Office Park Blok H No.2 Lippo Karawaci, Kecamatan 021-5469297
Cibodas, Kelurahan Panunggangan Barat, Tangerang, Banten 15138
KCP SUTERA PALMYRA Ruko Jalur Sutera 25A No 1, Perumahan Alam Sutera, Kecamatan Bencongan, 021-29315001-06
Tangerang, Banten
KCP PASAR MODERN SERPONG Jl. Ruko Golden Madrid 1 Blok C No. 6 BSD, Tangerang 021-5389032
KCP TERAS KOTA Ruko CBD Bidex Blok A/5 BSD, Serpong, Tangerang 021-5389029
REGIONAL OFFICE CENTRAL JAVA Jl. Pemuda No. 150 Semarang
KC SEMARANG Jl. Pemuda No. 150 Semarang 024-3511506
KCP GANG BESEN Jl. Gang Besen No. 20-22, Semarang 024-3546440
KCP BSB CITY Ruko Taman Niaga Bukit Semarang Baru (BSB) Blok E No. 3A, Semarang 024-76670611
KC SULTAN AGUNG Komp. Pertokoan Sultan Agung 1, Jl. Sultan Agung No. 55, Semarang 024-8315590
KCP UNGARAN SEMARANG Jl. Diponegoro No. 758, Ungaran 024-6925765
KCP SETIABUDI BANYUMANIK Ruko Setiabudi, Jl. Setiabudi No. 121 Kav 11, Kelurahan Srondol Kulon, Kecamatan 024-7466081
Banyumanik, Kota Semarang, Propinsi Jawa Tengah
KC TEGAL Jl. Jend. Sudirman No. 40 Tegal 0283-358500
KCP PEMALANG Jl. Jendral Sudirman Timur No.31Candramawa RT 004/004 Desa/Kelurahan 0284-325800
Wanarejan Selatan. Kecamatan Taman, Pemalang
KC KUDUS Jl. Dr. Lukmonohadi No. 65 Komp. Rukan Panjunan, Kudus 0291-432 841
KC PEKALONGAN Jl. Diponegoro No. 4 Pekalongan 0285-421337
KC PURWOKERTO Jl. Jend. Sudirman No. 660-662 Purwokerto 0281-638623
KCP PURBALINGGA Jl. Jendral Ahmad Yani nomor 63 Ruko No.3, Kelurahan Kandanggampang, 0281-891851
Kecamatan Purbalingga, Kabupaten Purbalingga, Propinsi Jawa Tengah
KC SALATIGA Jl. Diponegoro Nomor 20, Kelurahan Salatiga, Kecamatan Sidorejo, Kota Salatiga, 0298-326280
Propinsi Jawa Tengah
KC SOLO Jl. Slamet Riyadi No. 307 Solo 0271-722910
KCP PALUR Jl. Raya Palur No. 295, Desa Palur, Kecamatan Mojolaban, Kabupaten Sukoharjo, 0271-827584
Propinsi Jawa Tengah
KCP URIP SUMOHARJO Jl. Urip Sumoharjo No. 29, Kelurahan Kepatihan Wetan, Kecamatan Jebres, 0271-632651
Kotamadya Surakarta, Propinsi Jawa Tengah
KCP VETERAN Jl. Veteran No. 140, Solo 0271-656811
KCP SOLO BARU Jl. Raya Solo Permai LJ No. 36, Desa Madegondo, Kecamatan Grogol, Kabupaten 0271-7889566
Sukoharjo, Propinsi Jawa Tengah
KC MAGELANG Jl. A. Yani No. 11 Magelang 0293-368111
KCP TEMANGGUNG Jl. Diponegoro No. 27, Kelurahan Temanggung I, Kecamatan Temanggung, 0293-492808
Kabupaten Temanggung, Propinsi Jawa Tengah
KC YOGYAKARTA Jl. Jend. Sudirman No. 48 Yogyakarta 0274-561416
KCP JL BRIGJEND KATAMSO Jl. Brigjend. Katamso No. 143 Yogyakarta 0274-389281
KCP GEJAYAN Jl. Gejayan CT X/22, Yogyakarta 0274-555606
REGIONAL OFFICE EAST JAVA, Jl. Jembatan Merah No. 3, Surabaya
BALI & NUSRA
KC SURABAYA Jl. Jembatan Merah No. 3, Surabaya 031-5326444/49
KCP MERR Ruko Promenade Kav 20 Jl Dr Ir Soekarno Kav 20 Baruk Rungkut Surabaya 031-87860868
KCP PAKUWON CITY Jl. Pakuwon Boulevard II AA2-07, Kelurahan Kejawan Putih Tambak, Kecamatan 031-5967026
Mulyorejo, Kota Surabaya, Provinsi Jawa Timur
KC MAYJEND SUNGKONO, SBY Jl. Mayjen Sungkono No 109 Surabaya 031-5671137
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Branch Name Address Phone
KCP PEMUDA Gedung Sinarmas Land Plaza, Jl. Pemuda No. 60 - 70, Surabaya 031-7347110
KCP SUPER MAL PAKUWON Supermall Pakuwon Indah, Ruko The Terrace No. 07 - 08, Jl. Puncak Indah Lontar 2 031-7390434-7
Surabaya
KCP ARGOPURO Jl . Argopuro No. 53 A Surabaya 60251 031-5320537
KCP DARMO Jl. Raya Darmo No. 121 Surabaya 031-5672347
KCP CITRALAND SURABAYA Ruko G Walk Galeria Blok M No. 1, Citra Raya, Surabaya 031-7414394-99
KC JEMUR ANDAYANI, SBY Jl. Jemur Andayani No. 19 Surabaya 031-8433620
KCP MAL GALAXY SRBY GD. Galaxi Mal LT. Dasar No. 73 Jl. Darma husada Indah Timur No. 37 Surabaya 031-5937175
KCP PONDOK CHANDRA Jl. Palem No. 22-23 Pondok Chandra Surabaya 031-8669531
KCP MANYAR Jl. Ngagel Jaya Selatan Blok D3 -D4 Surabaya 031-5043983/81
KCP KERTAJAYA Jl. Kertajaya No 198 Surabaya 031-5015741
KCP SIDOARJO Jl. Gajah Mada No. 14-16 Sidoarjo Surabaya 031-8962508/09
KC MOJOKERTO Jl. Jaksa Agung Suprapto No 30 Mojokerto 0321-383811
KC GRESIK, SBY Jl. Veteran No. 1, Kompleks Plaza Matahari Blok A3-4, Gresik 031-3977933
KCP PERAK Jl. Perak Timur No. 192, Surabaya 031-3286445
KCP MARGOMULYO Jl. Margomulyo No.g Blok AA - 06 Surabaya 031-7494785
KCP TUBAN Jl. Basuki Rahmat No. 145, Tuban 0356-322017
KC JEMBER Jl. Gatot Subroto No 48 Jember 0331-484706
KCP BANYUWANGI Jl. A. Yani No.32, Banyuwangi 0333-418811
KC JOMBANG Jl. Merdeka No. 133-135 Jombang 0321-864532
KC KEDIRI JL.Hayam Wuruk No 20 B-C Kediri 0354-685582
KCP TULUNGAGUNG Jl. Jendral Sudirman No. 78, Tulungagung 66212 0355-335811
KCP MADIUN Jl. Dr. Sutomo No. 76E, Kartoharjo, Kec. Katoharjo, Kota Madiun, Jawa Timur. 63117 0351-467811
KC MALANG Jl. Basuki Rahmat No. 91-92 Malang 0341-368875
KCP SOEKARNO HATTA MALANG Jl. Soekarno Hatta A 10 Kav. 07, Komplek Ruko Soekarno Hatta Business Center, 0341-482002
Malang
KC PROBOLINGGO Jl. DR. Sutomo No. 78 Probolinggo 0335-422384
KCP PASURUAN Jl. Panglima Sudirman No. 92A, Pasuruan 0343-419737
KC DENPASAR Jl. Udayana No. 1 Denpasar Bali 0361-237250
KCP GATOT SUBROTO DENPASAR Jl. Gatot Subroto Tengah No. 312 Denpasar 0361-411500
KCP UBUD Jl. Raya Ubud Gianyar Bali 0361-976595
KCP SINGARAJA Jl. Dipenegoro No. 95 B Singaraja Bali 0362-21234-7
KCP SANUR Kompleks Ruko Sanur Raya No. 14, Jl. By Pass Ngurah Rai, Desa Sanur Kaja, Kec. 0361-274844
Denpasar Selatan, Kota Denpasar
KCP GIANYAR Jl. Dharma Giri No. 8 B, Gianyar Bali 0361-8958199
KC SUNSET ROAD, DPS Jl. Sunset Road No 811, Kuta - Badung, Bali 0361-8477250
KCP KEROBOKAN Jl. Raya Kerobokan No. 58 Br. Taman, Kuta-Badung, Bali 0361-737737
KCP SESETAN Jl. Diponegoro No. 369, Unit D Kel. Pedungan, Kec. Denpasar Selatan, Denpasar, Bali 0361-4481558
KCP KUTA SQUARE Jl. Bakung sari Komp Pertokoan Kuta Square Blok E3 & 4 Kuta Denpasar Bali 0361-756671
KC KUPANG Jl. Siliwangi No. 35 Kupang 0380-822889
KC MATARAM Jl. AA Gde Ngurah NO 48 C-D Cakranegara Mataram Lombok 0370-635027
REGIONAL OFFICE KALIMANTAN Jl. Jend. Ahmad Yani No. 811 Kelurahan Klandasan Ilir Kec. Balikpapan Selatan -
Balikpapan
KC BALIKPAPAN Jl. Jend. Ahmad Yani No. 811 Kelurahan Klandasan Ilir Kec. Balikpapan Selatan - 0542-731176
Balikpapan
KCP BALIKPAPAN BARU Jl. MT. Haryono, Komp. Balikpapan Baru Blok B2 No. 1 Balikpapan 0542-875123
KCP KEBUN SAYUR Jl. Letjen Soeprapto RT 17 No. 24 Balikpapan 0542-735262
KCP BALIKPAPAN PERMAI Kompleks Pertokoan Balikpapan Permai, Jl. Jendral Sudirman No. 640 Balikpapan 0542-744330
KC TARAKAN Jl. Yos Sudarso No. 7 RT 13 Tarakan, Kalimantan Utara 0551-2028811
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Governance Responsibility
Branch Name Address Phone
KCP KCP TANJUNG REDEB Jl. Durian I No. 41, Kelurahan Tanjung Redeb, Kecamatan Tanjung Redeb, Kabupaten 0554-26611
Berau, Kalimantan Timur
KC BANJARMASIN Jl. Lambungmangkurat no. 68 Banjarmasin 0511-4367711/6
KCP AHMAD YANI BANJARMASIN JL A hmad Yani Km 2,5 No. 39 A, Banjarmasin 0511-3257811/3273760
KCP BANJAR BARU Jl. A. Yani Km. 37, Komplek rumah toko (ruko) Mawar Business Center Kavling 3, 0511-4777324
Banjarbaru
KC PONTIANAK Jl. Tanjung pura No. 128 Pontianak 0561-739220
KCP AHMAD YANI PONTIANAK Jl. Jendral Ahmad Yani No. B 34, Pontianak, Provinsi Kalimantan Barat 0561-768333
KCP SANGGAU Jl. Ahmad Yani No 60, Sanggau 0564-24599
KCP SINGKAWANG Jl. Pangeran Diponegoro No. 95 Kecamatan Pasiran kelurahan melayu, Singkawang, 0562-636809/0562-
Kalbar 636954/0562-
636126/0562-638251
KCP KETAPANG Jl. MT. Haryono No. 57 Kabupaten Ketapang, kalimantan Barat 0534-34580/34578
/34594
KCP SINTANG Jl. MT. Haryono No. 8, RT. 01 RW. 01, Kelurahan Kapuas Kanan Hulu, Kecamatan 0565-24382/24340/
Sintang, Kabupaten Sintang, Kalimantan Barat 24320/24241/24228
KC SAMARINDA Jl. Panglima Batur No.1-3-5 Samarinda 0541-732751/528
KCP PAHLAWAN Ruko Permata Kaltim, Jl. Pahlawan No. 6, Samarinda 0541-744811
KCP ANTASARI SAMARINDA Jl. Pangeran Antasari No. 17, Kel. Air Putih Kec. Samarinda Ulu, Kota samarinda 0541 7779981
KC SAMPIT Jl. Rahadi Usman No.3, Sampit, Kalimantan Tengah 0531-23464
KCP PANGKALAN BUN Jl Pangeran Antasari No. 128, Kelurahan Raja, Kecamatan Arut Selatan, Kabupaten 0532-28832
Kotawaringin Barat
REGIONAL OFFICE SULAWESI & Jl. Kajaolalido No. 6, Lt. 3, Makasar
EASTERN INDONESIA
KC MAKASSAR Jl. Kajaolalido No. 6 Makasar 0411-3628515
KCP BANDANG Jl. Bandang No. 55 A Makassar 0411-3615315
KCP VETERAN SELATAN MKSR Jl. Veteran Selatan No. 223A / 459, Makassar 0411-831811
KCP PERINTIS MAKASSAR Jl.Perintis Kemerdekaan Km 9, Komplek Ruko Gunung Mas Kavling 10, Tamalanrea 0411-581811
Jaya, Kecamatan Tamalanrea, Kota Makassar, Sulawesi Selatan
KCP PANAKKUKANG Komp Panakkukang Mas Jl. Boulevard BL.F No. 5 C Makasar 0411-425116
KCP LATIMOJONG Jl. Gunung Latimojong No 87B, Kelurahan Lariangbangi, Kecamatan Makassar, Kota 0411-3630200
Makassar
KCP PASAR DAYA Jl. Kapasa Raya, Kompleks Pasar Grosir Daya Niaga Modern Blok RA No. 01 dan 02, 0411-514699
Kota Makassar, Sulawesi Selatan
KCP OPU DAENG RISADJU Jl. Opu Daeng Risadju, Ruko Cendrawasih Square Blok A/10, Kel Sambung, Kec 0411-877445
Mamajang, Makasar
KCP PALOPO Jl. Mangga No. 52 Kelurahan Lagaligo, Kecamatan Wara Kota Palopo, Propinsi 0471-351352
Sulawesi Selatan
KC MAMUJU Jl Diponegoro Kompleks Ruko Ponegoro Mas,Petak No.13-14, Kelurahan Karema, 0426-2323729
Kecamatan Mamuju, Kabupaten Mamuju, Sulawesi Barat
KC GORONTALO Jl. H. Nani Wartabone No. 32B-C, Gorontalo 96112 0435-828611
KC KENDARI Jl. H. Abdul Silondae No. 82-84, Kendari 0401-3127000
KC MANADO Jl. Kawasan Mega Mas Jl. Pierre Tendean Boulevard Blok I C1 No. 24,25,26 dan Blok I 0431-860543
C2 No. 27,28,29 Manado
KCP WALANDA MARAMIS Jl. Walanda Maramis No. 66, Manado 0431-878395
KC PALU Jl. Sam Ratulangi No. 17, Kelurahan Talise, Kecamatan Mantikulore, Kota Palu 0451-423789
KC AMBON Jl. Diponegoro No.75A Ambon 0911-354346/354343
KC TERNATE Jl. Mononutu No. 127 Desa/ Kelurahan Tanah Raja, Kecamatan Kota Ternate, 0921-3122811
Kabupaten Maluku Utara, Propinsi Maluku
KC JAYAPURA Jl. Percetakan Negara No. 8 Irian Jaya 0967-536712
KC SORONG Jl. Basuki Rahmat No 11 Sorong 0951-321412
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Premier
Branch Name Address
PW ALAM SUTRA Ruko Sutera Niaga 1 No. 36 – 37 Jl. Raya Serpong Tangerang 15310
PW BANDUNG MARTADINATA Jl. LL.RE. Martadinata No. 23 Bandung 40115
PW BOGOR Jl. Suryakencana No. 231, Lantai 2 Bogor 16126
PW CEMPAKA MAS Graha Cempaka Mas Jl. Letjend Suprapto Blok A 1-2 No. 33-34, Jakarta Pusat 10640
PW DENPASAR Jl. Udayana No. 1 Denpasar 80232
PW JUANDA (KOTA) Jl. Gajah Mada No.187. Kel.Glodok Kec.Taman Sari, Jakarta 11120
PW KELAPA GADING Jl. Raya Boulevard Barat Blok LC 5 No. 9-11 Kelapa Gading Permai Jakarta 14240
PW MAKASSAR Jl. Kajaolalido No. 6 Makassar 90111
PW MANGGA DUA MALL Gd. Mal Mangga Dua Blok RM No. 1-2, Mangga Dua Raya Jakarta 10730
PW MEDAN DIPONEGORO Gedung Sinarmas Land Lantai 2 Jl. Diponegoro No.18 Medan 20152
PW MEDAN PALANG MERAH Jl. Palang Merah No. 15 Medan 20152
PW PALEMBANG Jl. Kapten Rivai No. 1293 Palembang 30129
PW PANGLIMA POLIM Jl. Panglima Polim Raya No. 79 Jakarta 12160
PW PERMATA HIJAU Jl. Perak Blok B No. 17 Lantai 2, Permata Hijau Jakarta 12210
PW PLUIT Jl. Pluit Kencana Raya No. 80 – 82, Blok D Kav. 34 Jakarta 14450
PW PONDOK INDAH PLAZA Jl. Metro Pondok Indah Kav II Blok UA No 65-66 Lantai 2 Jakarta 12310
PW PROKLAMASI Jl. Proklamasi No. 23 Jakarta 10320
PW PURI KENCANA Komp. Rukan Puri Niaga III Jl.Puri Kencana Blok M8 No. 1 JKL Jakarta 11610
PW SEMARANG Jl. Pemuda No. 150 Semarang 50132
PW SENTRAL SENAYAN 3 Gedung Sentral Senayan 3, Lantai dasar Jl. Asia Afrika No. 8 Jakarta 10270
PW SOLO Jl. Slamet Riyadi No. 307 Solo 57142
PW SURABAYA Jl. Jembatan Merah No.3 Surabaya 60175
PW SURABAYA SUNGKONO Jl. Mayjend Sungkono No. 109 Surabaya 60225
PW THAMRIN Sinarmas Land Tower 2, Lantai dasar Jl. MH Thamrin Kav. 22 No. 51 Jakarta 10350
PW WISMA MULIA Wisma Mulia, Lantai Dasar Jl. Jend Gatot Subroto 42 Jakarta 12710
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Shariah Branch Office
Branch Name Address Phone
KCS BANDA ACEH Jl. Panglima Polim No. 50-52, Banda Aceh 0651-26888
KCS DIPONEGORO MEDAN Jl. Diponegoro No. 18, Medan 061-4537888
KCS PALEMBANG Jl. Kapten Rivai No. 1293, Palembang 071-1311909
KCS JAKARTA Jl. Jatinegara Timur No. 59, Jakarta 021-2800811
KCS BANDUNG Jl. Asia Afrika No 113, Bandung 022-4238010
KCS SEMARANG Jl. Brigjen Sudiarto No. 198 Blok DE, Ruko Maja Mas Semarang 0216-717205
KCS SURABAYA Jl. Juwono No. 5 Surabaya 031-566921
KCS BALI Jl. Sunset Road No. 811, Kuta, Kab Badung Bali 0361-3003811
KCS KAJAOLALIDO MAKASSAR Jl. Kajaolalido No. 6, Makassar 0411-3636616
KCS BANJARMASIN Jl. Lambungmangkurat No. 68, Banjarmasin 0511-4367711
KCS CIREBON Jl. Siliwangi No. 49, Cirebon 0231-207060
KCS YOGYAKARTA Jl. Jend. Sudirman No. 48, Yogyakarta 027-4561416
KCS BALIKPAPAN Jl. Jend. Ahmad Yani No. 811, Balikpapan 0542-731176
KCPS DEPOK Jl. Margonda Raya No. 38, Depok, Jawa barat 021-7751368
KCPS TANGERANG Jl. Daan Mogot No. 33, Tangerang 021-5513626
KCS PADANG Jl. Jendral Sudirman No. 14, Kota Padang, Sumbar 0751-30811
KCS JAMBI Jl. Sutomo No 54, Jambi 0741-32141
KCS MALANG Jl. Basuki Rahmat No. 91 92, Malang 0341-368875
KCS SAMARINDA Jl. Panglima Batur No. 1-3-5 Samarinda 0541-732751
KCPS KELAPA GADING Jl. Kelapa Gading Boulevard Blok PA-19 No. 11 021-4514425
Overseas Branch Office Address
Office Name Region Address Phone
One Indiabulls Centre, Tower 2B, 702, 7th Floor, Elphinstone
PT Bank Maybank Indonesia Tbk India +91 22 67303400
Road (West), Mumbai 400 013, India
2024 Annual Report PT Bank Maybank Indonesia Tbk 149
Page 152
The Maybank Sales & Service Summit Awards 2024 event embodies the spirit of ‘One Team, One Direction, New Energy’, demonstrating the entire team’s collaboration and dedication to providing service excellence for customers.
Page 153
152 Macroeconomic Review 206 Employee and/or Management Stock
156 Global Banking Ownership Program (ESOP/MSOP)
160 Community Financial Services (CFS) 206 Realisation of the Use of Proceeds from Public
Offering
172 Shariah Banking
206 Significant Changes in the Bank and the Bank
177 Maybank Finance Business Groups in 2024
180 WOM Finance 206 Significant Prohibition, Restrictions, and
182 Profitability By Segments Constraint to Transfer Funds Between the
Bank and Other Entities in tThe Business
184 Financial Review
Group
185 Financial Performance Analysis
206 Provision of Funds, Commitments, and Other
193 Consolidated Statement of Profit or Loss and Facilities
Other Comprehensive Income
206 Other Important Transactions in Significant
196 Consolidated Statement of Cash Flows Amounts
196 Key Financial Ratios 206 Material Transactions Related to Investment,
197 Prime Lending Rate Expansion, Divestment, Acquisition, and
Restructuring
198 Commitments and Contingencies
206 Material Transactions Containing Conflicts
199 Earning Assets Quality Report and Other
of Interest and Transactions with Affiliated/
Information
Related Parties
200 Other Material Information
208 Changes in Laws and Regulations that Have a
202 Capital Structure Significant Impact on Banks
203 Investment Property 211 Changes in Accounting Policies
203 Material Commitments for Capital Goods 212 Compliance As Taxpayers
Investment
212 Marketing Aspects
203 Capital Goods Investment Realised In The Last
214 Business Prospects
Fiscal Year
216 Business Continuity Information
204 Material Information and Facts Subsequent to
the Accountant’s Report Date 218 Business Continuity Management
204 Comparison of Targets and Realisation 2024 219 Guidelines And Support of Maybank
Group on the 2025 Business
204 Projections 2025
Sustainability Plan
205 Dividend Distribution Policy
220 Results and Progress Achieved by
Maybank Indonesia in Implementing ESG
Management
Discussion
and Analysis
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Macroeconomic
Review
In order to achieve sustainable business growth,
Maybank Indonesia continues to strive to manage
credit growth by applying the principle of prudence
and focusing on healthy credit growth.
Global Macroeconomic On the other hand, the more expansive US fiscal policy drove US
The increasingly high uncertainty in the global financial market Treasury yields higher, both in short-term and long-term tenors.
posed a risk of slower growth in global economic growth. The US As the US dollar continued to strengthen extensively, global
trade policy plan to impose higher tariffs on a broader section investors gravitated towards investing their portfolios back in the
of commodities within a larger group of countries led to the risk US. Such a reversed trend added pressure to the world currencies
of increasing fragmentation of world trade. As the pre-existing and kept foreign capital from flowing into developing countries.
geopolitical tensions raged on to suck in more nations, this
emerging trend caused a slower growth of 3.2% in the global For Indonesia and most of its global peers, this meant having
economy, according to data from Bank Indonesia. to take a robust policy response to mitigate the potentially
negative impacts of such an unfavourable landscape and the
Worldwide inflation edged up due to supply chain disruptions. subsequently higher uncertainty in global financial markets on
The US also had to see a bit of delay in the Fed Funds Rate (FFR) their economies.
cuts due to this somewhat unanticipated increase in inflation.
Global GDP Growth
(%)
Country 2024 2023
Global 3.2 3.0
Developed Nations 1.7 1.6
United States 2.7 2.3
European Zone 0.8 0.6
Japan (0.1) 1.5
Developing Countries 4.1 4.0
Source: Indonesian Economic Report 2024
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Governance Responsibility
Indonesia’s Macroeconomy Bank Indonesia raised its benchmark rate by 25 basis points
In 2024, Indonesia demonstrated steady economic growth to 6.25% in the first half of 2024, only to reduce it to 6.00%
driven by strong domestic demand. The domestic economy was in the third quarter and hold it there until the end of the year
doing well amidst growing uncertainty and the emergence of to maintain domestic monetary stability, particularly the
various global challenges such as geo-economic fragmentation, performance of the Rupiah. It was accompanied by persistently
geopolitical tensions, and a persistently slow global economy. high Rupiah volatility as the year came to a close, as global
Based on data from the Central Statistics Agency (BPS), investors sold their investment assets in the Indonesian financial
Indonesia’s economy expanded by 5.03% (yoy) in 2024, a market in anticipation of inward-looking policies imposed by the
relatively slower rate compared to 2023, where growth was a new Donald Trump administration in the US. BI maintained the
slightly higher 5.05% (yoy). In terms of production, the highest Rupiah exchange rate’s stability despite pressure from global
growth was seen in the Other Service Business Field at 9.80%. investors to sell in the domestic financial market in order to
Meanwhile, the highest growth in terms of expenditure was contain imported inflation. The Rupiah continued to weaken from
achieved by the Consumption Expenditure Component of Non- early October 2024 to the end of 2024, despite the Fed’s policy
Profit Institutions Serving Households (PK-LNPRT) at 12.48%. of lowering interest rates by 25 basis points to 4.25%-4.50% at
Indonesia expected an annualised growth of 4.7-5.5% (yoy), the end of 2024. The USD/Rp exchange rate closed slightly above
driven by strong domestic demand, prudent monetary policy, and 16,000, reaching 16,157 at the end of 2024.
significant contributions from commodity exports.
In December 2024, Indonesia’s inflation rate stood at 1.57% (yoy). Indonesian GDP
This lower inflation was supported by the government’s policy of Growth in the Latest
maintaining subsidised energy and national food prices, as well 3 Years
(%)
as Bank Indonesia’s (BI) policy of preventing imported inflation 5.31 5.05 5.03
from rising further. The BI’s proactive policy, which focused
on price stability and inflation control, and the government’s
subsequent supportive policies aimed to maintain people’s
purchasing power through price stability and social protection
programs.
2022 2023 2024
2024 Annual Report PT Bank Maybank Indonesia Tbk 153
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
5.03% 1.57% 4.98%
Economic Growth Inflation 2024 Household
2024 Consumption Growth
12.48% 2.29% USD 155.7
billion
Component of State Budget Deficit
Foreign Exchange
Consumption to GDP 2024
Reserves 2024
Expenditure of
Nonprofit Institutions
Serving Households
(PK-LNPRT)
Banking Industry Review
Bank Indonesia, in its Monetary Policy Review published in The same trend was seen in the performance of digital economic
December 2024, stated that the resilience of the domestic and financial transactions, as it showed constant growth until
financial system, including the banking industry, was manageably December, driven by a safe, smooth, and reliable payment
controlled. Banking liquidity remains adequate, as reflected in system. BI-RTGS transactions grew by 19.5% (yoy) to Rp12,316.3
the healthy ratio of 25.59% in Liquid Assets to Third Party Funds trillion. In the retail sector, the volume of BI-FAST transactions
(AL/TPF) in December 2024. The banking capital adequacy increased by 50.3% (yoy), with total transactions reaching 364.5
ratio (CAR) in December 2024 was recorded at 26.68% or million. Transactions using mobile applications were recorded
considered strong since it could absorb risks and support credit at 2,228.2 million transactions, growing by 29.6% (yoy), while
growth. The industry was also able to keep the non-performing Electronic Money (EU) transactions grew by 19.2% (yoy) to
loan (NPL) ratio at a lower 2.08% (gross) and 0.74% (net) by 1,378.2 million transactions.
December 2024. The resilience of banking capital and liquidity
was also supported by the achievement of strong figures for Maybank Indonesia’s Position in the
bank profitability and robust risk management, in addition Banking Industry in Indonesia
to the sustained ability of corporate clients to settle financial As one of the leading private banks in Indonesia, Maybank
obligations and make profits, as per the results of the latest Indonesia continues to offer a comprehensive range of products
banking stress test. and services for individual and corporate customers through
Community Financial Services (Retail Banking and Non-Retail
Credit/financing growth until December 2024 remained strong, Banking), Global Banking, Sharia Banking, and auto loans
reaching 10.39% (yoy). Based on usage groups, working capital through subsidiaries: WOM Finance for two-wheeled vehicles
credit growth grew by 8.35% (yoy), consumer credit rose by and Maybank Finance for four-wheeled vehicles. Maybank
10.61% (yoy), and investment credit increased by 13.62% (yoy). Indonesia also continues to develop Digital Banking services and
Sharia financing and MSME credit also grew, respectively, by capacities through the M2U ID App, M2U ID Web, and various
9.87% (yoy) and 3.37% (yoy). other channels.
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Maybank Indonesia is part of the Malayan Banking Berhad (Maybank) group, which is one of ASEAN’s largest financial services providers.
As of December 31, 2024, Maybank Indonesia had 314 branches, including Sharia branches throughout Indonesia and one overseas
branch (Mumbai, India), 22 KCP Mobile, and 747 ATMs (including 26 Cash Recycle Machines) linked to over 20,000 ATMs in the ATM
PRIMA, ATM BERSAMA, ALTO, and CIRRUS networks, as well as 3,500 Maybank ATMs in Singapore, Malaysia, and Brunei. Maybank
Indonesia currently manages customer deposits of Rp119.0 trillion and total assets of Rp197.2 trillion.
Maybank Indonesia continues to study developments in the financial industry, specifically in the banking industry, and makes
adjustments to its business model and operations toward a more dynamic and increasingly competitive direction. Further, the Bank
has shifted its current strategic focus from product-oriented to market-driven approaches in each segment. The Bank has done that in
recent years since share analysis is becoming increasingly essential in this study. The study is conducted for both Retail and Non-Retail
segments up to the regional office and branch levels, which will allow Regional Directors to identify and set achievable target market
potentials.
In order to achieve sustainable business growth, Maybank Indonesia continues to strive to manage credit growth by applying the
principle of prudence and focusing on healthy credit growth through an efficient capital utilisation strategy with due consideration
of RRWA (return on risk-weighted assets). In addition, the Bank also participates in Government programs by directing credit to the
Government’s priority sectors, including the continuously expanding MSME segment.
Maybank Indonesia’s position in the banking industry in Indonesia can be seen from the Bank’s market share in terms of assets, credit,
and DPK, each recorded at 1.6%, 1.6% and 1.3% as of December 2024, with detailed information as follows:
In Rp billion unless otherwise stated
Description 2024 2023 2022
Asset Industry 12,460.96 11,765.83 11,113.32
Maybank Indonesia 197.18 171.80 160.81
Market Share 1.6% 1.5% 1.4%
Financing Industry 7,942.95 7,186.94 6,497.62
Maybank Indonesia 127.58 116.00 107.82
Market Share 1.6% 1.6% 1.7%
Third Party Fund Industry 8,837.24 8,457.93 8,153.59
Maybank Indonesia 119.00 115.50 105.71
Market Share 1.3% 1.4% 1.3%
Source: Indonesian Banking Statistics (SPI) December 2024 and the Bank’s Audited Financial Statements
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Main Highlights Management Report Company Profile Analisis
Management
dan Pembahasan
Discussion
and
Manajemen
Analysis
Global
Banking
Total Global Banking loans reached Rp44.7 trillion, up
7.2% compared to the previous year of Rp41.7 trillion.
Global economic growth has slowed down due to global Transaction Banking continued to improve facilities and services
economic uncertainty, such as the continuation of geopolitical for corporate customers and established strategic partnerships
tensions, economic weakness in several major countries, with several top-tier companies, including state-owned
including China, as well as the certainty of the timing and enterprises (SOE), in assisting infrastructure financing and non-
magnitude of the decline in monetary interest rates in developed retail customers in the CFS segment. Transaction Banking also
countries, particularly the Fed Funds Rate (FFR). Meanwhile, continued to increase the penetration of trade finance products
Indonesia’s economic recovery continues, bolstered by strong and launched bundling programs to boost Current Account
domestic demand, a trade balance surplus, and controlled balances.
inflation.
To show appreciation to customers, Transaction Banking
Amidst the economic challenges in 2024, Global Banking also organised a gathering with selected customers who had
continued to show positive performance with total loans supported Maybank Indonesia on National Customer Day 2024.
reaching Rp44.7 trillion, driven by credit growth in the Local
Large Corporates (LLC) segment. Global Banking Credit grew Trade Finance
7.2% compared to 2023 of Rp41.7 trillion. This achievement is in Maybank Indonesia continues to offer financing solutions for
line with the continued increase in trading and business activities trade finance transactions and improves services by providing
that has driven the demand for financing. convenience in services for export customers to submit export
documents to be processed in advance through the web-based
Transaction Banking TradeConnex. Moreover, to improve trade product completeness,
Maybank Indonesia offers facilities and services, including Letter there is a Risk Participation product that aims to increase trade
of Credit (L/C) issuance, Bank Guarantee, Cash Management income. Maybank Indonesia also offers special programs to
Services, including Internet Banking e-channel solutions support customers with their trade transactions in the form of
(CoOLPAY, Maybank 2 Enterprise, TradeConnext). The Bank a reward program for newly joined Trade Finance customers,
also improves its digital services by introducing Application fee discount programs for customers using Bank Guarantee
Programming Interface (API) Inquiries for non-retail customers, services, and reward programs for customers who increase the
e-Custody, Securities Services, and other features. In 2024, volume of trade transactions at the end of the year. This is done
Transaction Banking successfully was transformed by increasing to boost revenue growth and trade transaction volume. Maybank
customer product ownership through collaboration with all Indonesia also offers Maybank E-Guarantee, which supplements
product partners and business units, as well as providing a services to guarantee customers, both banks and customers.
diverse range of banking solutions tailored to customer needs.
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Cash Management Securities Services
Maybank Indonesia’s Cash Management provides an end-to-end In 2024, Maybank Indonesia Custodian Bank remained focused
solution for corporate customers to manage their company’s cash on further improving its systems and infrastructure, particularly
flow effectively so as to improve and optimise the company’s by upgrading framework and database versions to the most
efficiency and business competitiveness. In 2024, Maybank recent, better versions, as well as implementing system
Indonesia supports one of Bank Indonesia’s initiatives by enhancements and work flow simplification. After successfully
becoming one of the Appointed Cross Currency Dealer (ACCD) upgrading the framework and database to the latest version
Banks for KRW currency. of the Custodian core system, the Bank’s current focus is on
improving the Fund Services system. This is to ensure the
Cash Management Maybank Indonesia also provides programs Custodian system works faster, is safe, and positively impacts
to help all customers improve their digitalisation, transactions, daily work processes while mitigating operational risks and
funds, and rewards, such as a free transaction fee program addressing cyber security concerns.
through the Maybank2E (M2E) electronic channel, a special
current account service of Rp and USD for selected customers,
and a special program to support the implementation of Local
Currency Settlement (LCS) between Indonesia - Thailand, Maybank Indonesia continues to collaborate with the Sharia
Indonesia - China, and Indonesia - Malaysia. Furthermore, in Business Unit and discuss sharia capital market products.
collaboration with other units, Maybank Cash Management The Bank also works with the Global Market Work Unit on
assists customers in managing Natural Resource Export Proceeds Government Securities products and other securities that are
by launching the DHE SDA Bailout Fund program, which offers increasingly appealing to the younger generation. Collaboration
various added values for customers to be able to use funds that with the FIG Work Unit is ongoing to provide attractive,
have been held for 3 months for operational purposes. competitive, and comprehensive capital market product
solutions that improve customer satisfaction.
Through the services and programs implemented in 2024, Cash
Management Maybank Indonesia aims to increase the Current Global Markets
Account (CA) Balance, Net Interest Income (NII), and Fee Based Global Markets provides a wide range of banking products to
Income (FBI) for Maybank Indonesia. both individual and corporate clients, such as foreign exchange,
bonds, hedging, structured products, and other services.
In 2024, Maybank Indonesia made several improvements to the
Global Markets transaction-related system and received several
appointments from regulators for monetary money market
activities, the development of securities and foreign exchange
markets, and transaction settlements in local currencies.
A significant system development has been completed on
Kondor+, the main transaction system in Global Markets, with
the goal of increasing efficiency in handling larger transaction
Financial Supply Chain Management volumes and more complex financial transactions, supporting
Financial Supply Chain Management is a leading financing service product development and improving hedging capabilities,
that focuses on a community’s business chain from upstream to and remaining responsive in the face of changing business
downstream, starting from suppliers and producers (principals) requirements.
to distributors. For this service, Maybank collaborates with
principals to provide financing to suppliers through the Supplier Maybank Indonesia has also completed the development of
Financing Program or to distributors through the Distributor one of the M2U system’s features, which allows customers to
Financing Program. make bond transactions in the secondary market more easily
and quickly, complementing the previously available features for
All financing in this service is provided with the CoOLPay purchasing retail bonds in the primary market.
(Corporate Online Payment) facility, a web-based payment
facility with complete security features so that payment
transactions can run in real-time and safely.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
In terms of products and services, Global Markets continuously strengthens collaboration with other product units in the
Maybank Indonesia has been appointed form of bundling products or programs so as to provide more benefits for customers,
by Bank Indonesia as an Appointed especially in terms of pricing and transaction costs, strengthen branding to become one
Cross Currency Dealers (ACCD) Bank of the leaders in its field, and utilise the full support of its parent company, Malayan
for Local Currency Transactions (LCT) Banking Berhad, in terms of fulfilling the funding and liquidity aspects for the bank.
between Rupiah and Won; this also
complements the appointments that Maybank Indonesia, through Global Markets, consistently becomes a primary dealer
the Bank has previously obtained for in bond products issued by the government, allowing customers to benefit from bond
Ringgit, Yuan, and Baht currencies. Bank transactions at more competitive prices. Most importantly, Global Markets continues
Indonesia has also appointed Maybank to be committed to improving the quality of service to customers, providing easy access
Indonesia as one of the main dealers in to all products offered, and always being up-to-date with innovative products that can
the Bank Indonesia Rupiah Securities provide solutions to the increasingly diverse needs of customers.
(SRBI) and Repurchase Agreement (Repo)
transaction mechanisms whose purpose
is to facilitate the sale of SRBI & Repo
to the market, increase market liquidity,
encourage the investor base expansion,
support Bank Indonesia’s liquidity
management, and increase the efficiency
of money market operations.
Furthermore, Maybank Indonesia has also
been appointed as one of the pilot banks
in the formation and development of
the Central Counterparty (CCP), namely
clearing for Securities and Exchange
Rates (SBNT) transactions. It is expected
that with the CCP, money market, and
foreign exchange market, transactions
will be more efficient, support the 2024 Strategy Focus
stability of the financial system, and Throughout 2024, Global Banking implemented several initiatives that focus on the
facilitate hedging instruments. following business strategies:
1. Achieving credit growth with a focus on adding new customers and increasing
In 2025, Maybank Indonesia, through Relationship Manager productivity by leveraging the strong presence of the
Global Markets, continues to be Maybank Group network in the regional area;
committed to becoming a bank that is 2. Expanding the Financial Institution Business ecosystem across the Maybank Group
able to provide custom-solution products network;
to meet customer needs, including 3. Intensifying cross-border collaboration synergies and deepening existing
the development of several structured relationships;
products as the key differentiator. 4. Achieving fee-based growth with a focus on trade & cash management transactions
through end-to-end solutions and also leveraging the Maybank Group network
The digitalisation process and (Inbound & Outbound).
development of transaction platforms
will continue in accordance with the Performance and Achievements in 2024
development roadmap that has been
prepared. The primary goal is for Loans
customers to be able to obtain real-time Total Global Banking loans reached Rp44.7 trillion, up 7.2% compared to the previous
and competitive foreign exchange and year of Rp41.7 trillion. This achievement is mainly attributed to the Financial and
bond quotation prices, conduct end-to- Insurance Activities, reaching Rp14.1 trillion, the Utilities and Infrastructure sector with
end transactions conveniently online, total financing amounting Rp9.1 trillion, and the Mining and Quarrying sector recorded
and reduce the number of transactions at Rp7.7 trillion. The increase in Global Banking credit growth in 2024 by portfolio was
settled and documents submitted at driven by the growth of the Local Large Corporates portfolio of 65.2% on an annualised
branch offices. basis and the Financial Institutions Group of 10.1%. Meanwhile, the SOE segment
decreased by 25.6%.
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Loans by Industry Loans by Industry
as of 31 December 2024 as of 31 December 2023 Agriculture, Forestry, and Fishing
3% 6% 0% 2% 3% 0% Education, Health, & Other Services
Mining and Quarrying
17% 16% Transportation & Storage
2% Manufacturing
32% 3% 30% Wholesale and Retail Trade
2024 2023 Utilities & Infrastructure
12% 0% 15%
Construction
2% 0% 1% Real Estate Activities
5% Automotive
5% 20% 1% 25% Financial & Insurance Activities
0% Telecommunication, Media and Technology
Loans by Segment Loans by Segment
as of 31 December 2024 as of 31 December 2023
1% 1%
33% 21%
Overseas
36% 35% Local Large Corporate
2024 2023 State Owned Enterprises
Financial Institution
30% 43%
Deposits
Global Banking’s total customer deposits in 2024 amounted to Rp29.8 trillion from Rp31.4 trillion in the previous. This year, Current
Account Saving Account (CASA) ratio recorded at 40.88%, an increase of 36.68% in the previous year.
Third Party Funds Third Party Funds
as of 31 December 2024 as of 31 December 2023
40.88% 36.68%
59.12% 63.32% Current Account Saving Account (CASA)
2024 2023 Time Deposits
Global Banking Development Plan and Strategy in 2025
Looking ahead, Global Banking has set the following strategic focus and initiatives in 2025:
1. Intensification of customer engagement through regionalisation supported by collab tools
2. Intensification of operational excellence & digitalisation of Transaction Banking
3. Enhancing Global Markets customer proposition through innovative and collaborative products
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Community
Financial Services (CFS)
Throughout 2024, Maybank Indonesia actively organised
a range of activities for customers, covering relevant
topics to support and enhance customers’ knowledge,
particularly in helping them grow and develop their
businesses.
Community Financial Services (CFS) is the main pillar of Maybank CFS NON-RETAIL
Indonesia’s business and is offered at all of its branch offices. The
Bank offers a wide range of financial solutions for Retail, SME, Focus And Initiatives in 2024
and Business Banking customers within the CFS segment. Maybank Indonesia’s CFS Non-Retail segment encompasses
Business Banking, Small and Medium Enterprise Plus (SME+), and
CFS is supported by teams dedicated to product development Retail Small and Medium Enterprises (RSME). In 2024, CFS Non-
and innovation, as well as a digital banking network, portfolio Retail carried out a variety of programs, projects, and initiatives
management, and other support teams at the Head Office. designed to drive business growth, including the following:
Throughout 2024, CFS successfully distributed excellent banking 1. Continuing the growth of MSME financing by focusing on
products and services to individuals, small, medium, and growing increasing sales force productivity and enhancing Sharia
businesses, contributing to the ongoing growth of communities financing and digitalisation efforts.
across Indonesia. Through the CFS segment, Maybank Indonesia 2. Expanding digital financing through Digital Loans and
continues to enhance its banking intermediation function, community-based financing initiatives.
create sustainable business opportunities, and drive growth, 3. Strengthening customer relationships to increase share of
all while improving service to remain competitive and expand wallet and banking transaction activities, by leveraging data
the Bank’s market share. CFS credit growth is also a main focus, centers for cross-selling and disciplined account planning.
with growth initiatives targeting super growth segments such as 4. Enhancing collaboration between teams at the Head Office
non-retail MSMEs and the automotive sector through the Bank’s and branch networks to acquire new customers and build
subsidiaries, WOM Finance and Maybank Finance. stronger business relationships with existing customers.
5. Maintaining collaboration with the Trade Finance, Treasury,
and Wealth Management teams to increase product
penetration among CFS Non-Retail customers and increase
the contribution of non-interest income to total operating
income.
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SME Banking This award event honors a number of
Maybank Indonesia disburses loans to SMEs using a customer-centric solutions companies that are capable of creating
approach, through a fast and easy process, flexible interest rates, and products tailored and delivering the best brand experience
to meet customer needs, ensuring optimal service for SME customers. for customers. For Maybank Indonesia,
this award strengthens the Bank’s
The banking products and services for SME entrepreneurs include both short-term and reputation and is a global recognition of
long-term loan/financing facilities for working capital or business investments, as well as the Bank’s success in providing various
savings facilities such as savings accounts, current accounts, and term deposits. financial solutions, particularly to small
Maybank Indonesia’s SME Banking services offer several advantages, including a diverse and medium-sized enterprises (UKM).
product portfolio, an extensive branch network across the country, latest digital
banking platform, and robust data analysis support. In 2024, to reinforce its position
in the SME segment, SME Banking
The development of technology infrastructure is also leveraged to continuously improve implemented a go-to-market strategy
internal processes. SME loan facilities are equipped with a Loan Origination System focused on building communities and
(LOS) that incorporates Application and Behavior Scorecards. This technology enables ecosystems to enhance its reach and
an efficient end-to-end loan process and process automation, minimising human support the sustainability of SME
intervention without compromising the principle of prudence. In addition, the Bank also businesses. On September 19, 2024, the
empowers technology to optimise customer relationships, among others, through data Bank entered into a strategic cooperation
analytics, to increase customer transaction activity through the Bank. agreement with PT Berdayakan Usaha
Indonesia (Batumbu) valued at Rp1
In line with the utilisation of Information Technology in the financial sector, Maybank trillion, designating it as a channeling
Indonesia has also introduced the digital financial product eBiz Pintar, specifically partner. This partnership aims to expand
designed to meet the needs of young entrepreneurs (early-stage entrepreneurs). This the financing market for the SME
allows customers to apply for loans quickly and easily, anytime and anywhere, without segment, with a particular focus on the
the need to visit a branch. rapidly growing Financial Supply Chain
Management (FSCM) business.
Additionally, to support and enhance
customer knowledge, particularly in
developing their business, Maybank
Indonesia actively organises events for
customers on relevant topics.
Maybank Indonesia received the Indonesia Product Experience of the Year award
in the ‘SME Banking’ category at The Asian Experience Awards 2024, in recognition
of its various innovations in the SME Banking segment.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Business Banking
Business Banking offers banking and
relationship management services to
medium and large domestic companies,
focusing on delivering comprehensive
financial services (One Stop Financial
Solution) to optimise customer benefits
and obtain maximum share of wallet from
customers. The products and services
available to customers are not limited
to business loans and funding facilities.
Business Banking collaborates with
retail segments and Global Banking to
meet the needs of companies, including
those of the organisation, company
management, employees, and their
supply chains.
The growth of the Business Banking
portfolio is supported by the presence
of reliable and proactive Business
Relationship Managers, ongoing CFS Non-Retail Performance and Achievements 2024
improvements in terms of business, In 2024, demand for CFS Non-Retail loans grew by 19.7%, reflecting the resilience of
credit risk, and operations, as well as the the Indonesian economy. The Business Banking segment grew by 25.0% driven by
advanced technology updates. new customer growth with more competitive pricing. The RSME segment continued
to show positive progress, growing by 14.1% to Rp15.8 trillion. Meanwhile, SME+ loans
Maybank Indonesia focuses on managed to grow well amidst tight competition in the segment and grew by 22.4% to
strengthening business relationships Rp6.3 trillion. This growth across all segments is a result of the Bank’s efforts to enhance
with Japanese companies operating productivity across all business lines, accelerate the availability of banking solutions for
in Indonesia through its International customers, and strengthen the ‘One Maybank’ collaboration.
Strategic Business division. This division
is dedicated to offering financial The table below outlines the performance achievements of CFS Non-Retail in 2024 and
solutions and banking services to the previous year:
these companies, covering a range of
needs from retail to corporate banking. Description (in Rp trillion) 2024 2023 2022
Business Banking Loans 14.8 11.8 10.5
SME+ Loans 6.3 5.1 5.0
RSME Loans 15.8 13.9 12.7
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Plans and Strategies for 2025
In alignment with the Bank’s strategic focus for 2025, CFS Non-Retail will implement initiatives aimed at strengthening customer
relationships, enhancing the efficiency of its operational model, and supporting the Government’s Sustainable Finance Movement,
through:
• Growth of the MSME financing portfolio through community-based financing, supply chain financing, and business ecosystem
integration
• Development of systems and technology to support the expansion of digital financing via eBiz Pintar, alongside improvements in
service quality and Turn Around Time for customers
• Deepening customer relationships by offering tailored products and services, leveraging data analytics, and fostering synergy with
other business units within the Bank to deliver added value to customers while optimising the Bank’s revenue
• Portfolio monitoring through early alert and watchlist mechanisms as a preventive measure to mitigate the risk of non-performing
loans.
CFS Retail
Focus and Initiatives in 2024 Mass Banking
In 2024, Maybank Indonesia implemented various strategic Mass Banking is a banking service provided by Maybank
focuses and initiatives to enhance business growth as follows: Indonesia for customers in general, and as a media for them to
1. Intensification of Customer Centricity perform financial management. This service also serves as one
• Accelerating the mortgage growth in the secondary of the many entry points to introduce customers to Maybank
market and increased cross-selling Indonesia’s diverse and comprehensive product range, such as
• Encouraging new acquisitions in Credit Card & Personal Wealth Management, Credit Card, Mortgage, and Personal Loan
Loan (KTA) through digital channels & co-branding products.
initiatives
• Developing and refining unique value propositions Wealth Management
through micro-segmentation and One Maybank Maybank Indonesia offers services in the Wealth Management,
2. Acceleration of Digitalisation and Modernisation of Bank’s IT which is classified into Privilege, Priority customer segments and
Technology & Infrastructure Premier, Bancassurance and Mutual Fund Investment Products.
• Development of Digital Wealth, Digital Liabilities, Digital
Lending, Digital Payment and Digital Platform features at Privilege
the M2U apps Privilege is one of Maybank Indonesia’s customer segments,
• Integration (API) and providing a single connection to focusing on individual customers with a minimum placement
subsidiaries and sister companies through the M2U fund of Rp50 million to less than Rp500 million. The Bank
application understands that the needs of individual customers with such
3. Growing Regionally as One Maybank wallet sizes require more comprehensive financial services than
• Collaboration with Maybank Asset Management in the those with wallet sizes below Rp50 million. As such, it is deemed
issuance of CPF and the opening of RDN with Maybank necessary to provide them with personalised services through
Sekuritas Indonesia face-to-face touch points. The Bank allocates a dedicated
• Encouraging all branches to promote referrals to salesperson (“Personal Financial Advisor,” or PFA) to attend to
subsidiaries the banking needs of these customers.
• Initiating a micro insurance business with ETIQA ID
2024 Annual Report PT Bank Maybank Indonesia Tbk 163
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and Analysis
Through PFA, the Bank provides comprehensive financial This priority banking service, which has exclusive branches,
solutions for customers, including funding, lending, and wealth provides special facilities and quality investment product
management services. The Bank continues to increase the offerings designed as alternative financial solutions to serve
number and supervision of PFAs to reach Privilege segment and meet the needs of premier customers. Wealth Management
customers, increase wallet size, and also cross-sell the Bank’s services offer end-to-end benefits that are personally delivered
financial solutions. This step emphasises the Bank’s customer- by competent, professional, and licensed Relationship Managers
centric approach in order to provide optimal services. (RM) to assist customers in managing their finances.
The services provided include a series of funding, lending, and Since October 1, 2024, Maybank Premier has enhanced Premier
wealth management programmes, including the Maybank GIFT, benefits to include a variety of exclusive services such as airport
Arisan Programme, White Card Credit Card Programme, KPR handling, airport pick-up, medical check-up facilities, and Safe
Programme, KPM Programme, bancassurance, and investment Deposit Box services. These benefits are specifically tailored to
programme that have all been specifically designed to provide Premier customers’ lifestyle needs, making the experience more
high returns in the short and long term. convenient and valuable.
The Bank has implemented a Premier strategy by improving
the effectiveness and efficiency of segmentation strategies,
particularly Priority Customer Services, the Bank’s customer-
centric step to provide the best possible service to customers.
The Bank also provides a wide range of products to meet the
needs of each segment of the Bank.
2024 Initiatives
In 2024, the Premier segment was able to post Asset Under
Management (AUM) of Wealth Management products with
Priority Customer Service – Premier a growth of 24% over the last 3-year period (2021-2024). The
Premier is the Bank’s priority customer service as it transforms highest growth occurred in investment products by 26%, with
to become fully integrated with the Maybank Group. The Priority Bonds products contributing 55% to the Bank. Along with the
Customer Service business has continued to grow positively and growth of AUM, non-interest income has also grown in the last 3
significantly over the previous year. years by 18%.
Priority Customer Service emphasises customer centricity by
offering a variety of Wealth Management products. The Bank has
worked closely with PT Allianz Life Indonesia, which provides
protection products, as well as all Investment Managers, to
achieve non-interest income targets.
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Bancassurance 2024 Initiatives
In line with the Bank’s commitment as a comprehensive Throughout 2024, Maybank Indonesia has launched several
financial service provider, or ‘One Stop Financial Solution’, in Mutual Fund products to provide investment solution options
2024, Maybank Indonesia and Allianz Indonesia continued to for Customers, including Sukuk-based IDR fixed income, global
strengthen cooperation by expanding the variety of insurance technology-based Sharia Equity Mutual Funds and Infobank15
products provided to Bank customers, ranging from life insurance Banking Index Mutual Funds, which are the first financial Index
products, health insurance, and general insurance. Maybank Mutual Funds sold at APERD Bank.
Indonesia further enriches the range of attractive products that
can be marketed to customers to meet customer protection Mortgage (KPR)
needs, ranging from life insurance products combined with Mortgage (KPR) is a loan facility for customers in the form
investment, term life insurance products, and health insurance of installments to purchase properties, including houses,
products to asset protection products such as houses, vehicles, apartments, shophouses (ruko), office properties (rukan), and
or businesses. land/plots, from developers (new properties), individuals, and
property agents. Maybank KPR offers several types of facilities
Maybank Indonesia is committed to continuing to be the to suit customer interests and needs, including Interest-Free
customers’ primary provider of life insurance, health insurance, Mortgage, Multipurpose Property Loans, and many more.
and general insurance protection solutions in Indonesia. In the
Bank’s strategic plan, bancassurance will continue to be one of Maybank Indonesia offers products that are tailored to customer
the leading products to increase non-interest income. needs, in line with the customer-centric strategy, so that
customers get the type of credit that suits their capabilities and
2024 Initiatives needs. Maybank KPR always follows market developments and
In 2024, Maybank and Allianz developed various insurance supports government policies to increase economic growth as
products to meet customer protection needs. In addition to well as policies set by BI. The Bank provides one-stop solution
expanding Bancassurance distribution through in-branch programs with attractive process and pricing to customers.
marketing channels with a reference business model, the two
companies also added traditional sharia life insurance products. 2024 Initiatives
These products are designed in accordance with Sharia financial By the end of 2024, the Bank has collaborated with many major
principles, providing protection options that suit the needs of developers in Indonesia, namely 47 developer groups with 295
customers who want Sharia-based solutions. projects. Maybank Indonesia’s mortgage business is expected
to continue to grow in the future due to the recalibration of the
business model so that it is increasingly focused on the targeted
Mutual Fund Investment Products segments.
As a mutual fund selling agent, the Bank offers mutual fund
products from reputable Investment Managers. Aligning To foster good relations with partner Developers & Property
with global and domestic economies and capital markets Agents, during 2024, Maybank KPR, together with partner
development, the Bank actively offers various types of mutual Developers, created special programs for prospective Maybank
fund products suited to different customers’ risk profiles. The KPR customers, and held joint activities in the form of Joint
Bank also provides access for customers to invest in overseas Events, Customer Gatherings, Sponsorship Events, Property
capital markets, such as in America, Europe, and Asia, through Expos, Product Launching & Socialisation as many as 110 events.
several Sharia-based mutual funds, with various investment These joint programs and activities are aimed at raising brand
themes. awareness of mortgages at Maybank Indonesia with the hope of
increasing mortgage disbursements.
Maybank Indonesia always implements proper risk management
to pick which mutual fund products to be distributed. Looking forward, Maybank KPR will increase primary and
Transparency of information, such as mutual funds historical secondary market penetration by offering programs according
performance and market developments, is conveyed to to community needs and simplifying the mortgage approval
customers along with other information provided, such as market process. The Bank will also show appreciation and increase
outlook, NAV performance, etc. The Bank has also provided and the loyalty of existing mortgage customers by providing top-
enhanced online services for customers who wish to subscribe, up facilities that can be used for various consumptive needs.
switch, and redeem mutual funds, as well as provide balance expanding the mortgage marketing network by offering
information at the same time through digital services, namely programs for employees of Maybank payroll companies.
M2U ID App. Furthermore, Maybank Indonesia will also increase cooperation
and improve relationships with developers and property agents
in an effort to increase mortgage referrals to Maybank.
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Credit Cards
Car/Motorcycle Ownership Loan (KPM) Maybank Indonesia has two types of credit cards, namely
In order to provide customers’ needs for motor vehicle Individual Customer Credit Cards and Corporate Credit Cards.
ownership, Maybank Indonesia continues to distribute Car/ Individual Credit Cards for Individuals consist of several types,
Motorcycle Ownership Loans (KPM) for both four-wheeled and including: Maybank Visa Infinite, Maybank Platinum (Visa/
two-wheeled vehicles through its Subsidiaries, Maybank Finance MasterCard/JCB), Maybank Gold (Visa/MasterCard), and
and WOM Finance. In addition to the two subsidiaries, Maybank Maybank White Card.
Indonesia has formed an Auto Loan Work Unit, which is tasked
with monitoring the performance of subsidiaries and establishing 2024 Initiatives
Joint Finance with Financing Companies, both with subsidiaries In 2024, Maybank Indonesia implemented various programs
and other Financing Companies (Other Finco), to ensure that and initiatives for the Credit Card business such as the
performance development is sustainable, synergised well, and implementation of the dining promo program at BOGA Group,
the loan portfolio is maintained soundly. the Maybank Credit Card Submission project via M2U ID App &
Card Management, the Co-brand Credit Card Launching project,
and the Maybank Personal Loan sales channel addition project.
Until the end of 2024, by continuing to focus on maintaining
and managing the existing portfolio as well as implementing a The dining promo program at BOGA Group is a program
super growth strategy, the outstanding Auto Loan portfolio on a that provides benefits in the form of discounts to Maybank
consolidated basis increased by 5.9% to Rp24.5 trillion compared cardholders at restaurants such as Pepper Lunch, Shaburi &
to the outstanding at the end of 2023 of Rp23.1 trillion. Kintan, Ocean8, Paradise Dynasty, Leten, Kimukatsu, Shaburi,
Yakiniku Like, Bakerzin, Putu Made, Kintan and Ebiga JJampong.
2024 Initiatives This program aims to increase the active rate and utilisation of
In 2024, initiatives undertaken by Auto Loan include: Maybank cards as well as to increase Credit Card sales volume.
1. Improved monitoring of the condition of the joint financing
portfolio for motor vehicles with Finco through the audit In line with digital transformation and efforts to increase
channelling team. competitiveness and excellent service to customers, now,
2. Updated the Product Development Assessment (PDA) Joint M2U ID App has the capability to apply for credit cards, card
Financing Auto Loan for a healthier Joint Finance portfolio management, and QRIS with Maybank Credit Card funding
development plan and adjusted to Maybank Group policies. sources. Customers can easily apply for Maybank Credit Cards
through the M2U ID App. Both Existing-To-Bank (ETB) customers
In addition, Auto Loan also carried out various projects during and invited customers (ETB Invited) can apply for additional (Add
2024, namely enhancing the SSBB system application (a system On) and supplement cards, while New-To-Bank (NTB) customers
that covers Maybank Joint Financing transactions with Maybank can apply for new credit card (NTB CC) and subsequently open an
Finance), SSWB (a system that covers Maybank Joint Financing account at the Bank.
transactions with WOM Finance), and CAMS (a system that
covers Maybank Joint Financing transactions with Finance In addition, at the end of 2024, Maybank Credit Card customers
Company other than subsidiaries). The enhancements carried out can enjoy the convenience of transactions using QRIS with
are as follows: funding sources from Maybank Credit Cards through the M2U
1. Data improvement on the core system to improve the quality ID App. Optimising Maybank Credit Cards through the M2U ID
of reporting data App is the Bank’s initiative to continue to keep up with the times,
2. Further development of features on the Auto Loan competing with competitors by providing the best products and
application (SSBB, SSWB, and CAMS) including updates services for customers.
to customer data, especially the addition of validation
and mapping in accordance with reporting references to
regulators.
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Governance Responsibility
In 2024, Maybank Indonesia collaborated with a well-known international football club,
Manchester United, by launching a Cobrand Card: Maybank Manchester United Credit
Card on May 18, 2024. This collaboration is one of Maybank Indonesia’s strategies in
increasing the acquisition of new Credit Card customers, by targeting a new segment,
namely Manchester United football club fans.
In the future, Maybank Credit Card will continue to develop digital features on the
M2U ID App platform with a scope of Maybank Credit Card digital onboarding, loyalty
management, and new features for Credit Card management through the M2U ID App.
Maybank Credit Card will also continue to develop previous year’s Cobrand partnerships
with well-known gyms, namely Maybank Fitness First Credit Card and Maybank Celebrity
Fitness Credit Card to increase the acquisition of new credit card customers.
Customer Deposits
2024 Initiative
The Bank’s strategy in 2024 is to continue
increasing third-party funds by acquiring
new customers, increasing active
customer transactions and increasing
the loyalty and wallet size of existing
customers. For new customers, Maybank
Awards Indonesia prioritises and optimises U by
In 2024, Maybank Indonesia Credit Card received an award at the VISA Indonesia Client Maybank Savings products with features
Forum 2024 Award for Excellence in Platinum Volume Growth - Regional and Excellence that have been designed according
in Approval Rate for Infinite Card - Regional given by Visa. In addition, Maybank to current customer needs, such as
Indonesia also received certification from Bank Indonesia, namely Capability Digital Smart Savings, Smart Spending, and QR
Onboarding through the M2U ID App and Capability QR with Maybank Credit Card Cardless ATM Withdrawal.
funding sources.
Moreover, the Bank provides more
Personal Loan (KTA) benefits for customers who make
In order to improve services by providing convenience for customers, in 2024, additional transactions through Debit Cards, QR,
channels were added for customers who applied for the Maybank Personal Loan. This or Digital services to foster the habit of
year, a special application (Branch Personal Loan Application) was created for Maybank transacting with Maybank and ultimately
Personal Loan applications through Customer Service at Branches for Maybank ETB support the growth of third-party funds.
(Existing-To-Bank) Customers. The aim is to speed up the Personal Loan application
process and reduce the physical filling of application forms from the customer’s side. Maybank Indonesia also collaborates
with sister companies within the
2024 Initiative Maybank Group, such as Maybank
Maybank’s development and marketing strategy for Personal Loan (KTA) in 2024 was to Sekuritas Indonesia, to obtain third-
offer more competitive and aggressive products through the development of the M2U ID party funds through the development of
App for Maybank Personal Loan applications for ETB Regular customers. RDN (Customer Fund Account) savings
products with a strategy of opening
In 2024, outstanding Personal Loans increased by 16.8% and were recorded at Rp693 through digital channels. Additionally,
billion, higher than Rp594 billion in 2023. the Bank collaborates with Maybank
Finance, which offers more benefits for
Maybank Finance customers who also
open banking services.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
The implementation of a segmentation-based approach also Customer Deposit Performance in 2024
focuses on increasing customer transactions through programs In 2024, the CFS segment succeeded in growing third-party
and improved product features, such as the opening of a special funds by 6.1% to Rp89.2 trillion from Rp84.1 trillion the previous
Safe Deposit Box service for Premier segment customers that year.
answers customer needs for banking facilities and excellent
services. Awards
Several awards received by Maybank Indonesia related to the
Maybank Indonesia also runs various initiatives and programs, CFS segment for Customer Deposits are as follows:
including: 1. The Best Debit Card Conventional Bank (Asset class Rp150 -<
1. 100% NTB Cashback 200T) from Infobank 13th Digital Brand Awards - April 2024
Program offers for new customers who carry out transaction 2. The 2nd Best Savings Account Conventional Bank (Asset
activities after opening an account as NTB. class Rp150 -< 200T) from Infobank 13th Digital Brand Awards
2. Maybank Gift Program - April 2024
Program offers for third-party fund deposits to increase 3. The 2nd Best Deposit Conventional Bank (Asset class Rp150
customer acquisition and loyalty for both new and existing -< 200T) from Infobank 13th Digital Brand Awards - April
customers by providing appreciation in the form of attractive 2024
gifts given in advance.
3. Bonus Interest 2025 Plan and Strategy
Offer a top-up program in savings by providing rewards in The strategic plan in developing and marketing customer savings
the form of bonus interest/extra yields from an increase in products in 2025 is to continue increasing third-party funds
the monthly average balance with a minimum transactions through the development of products, programs and services
of 3 times per month through the M2U ID App/Web/Debit for customers based on segmentation and supporting active
Card/QR Pay. transactions through:
4. Special Gift USD 1. Rejuvenation & Customisation of Products and Services,
Cash reward offer based on increase in average account especially in promoting increased penetration and better
balance. experience in low-cost products such as Savings.
5. RDN Welcome Gift 2. Feature Development in existing products and new product
Program for customers who open a Maybank RDN account development to address customer needs such as:
for the first time and conduct stock transactions. - Multicurrency savings products: one savings account with
6. Merchant Deals 2024 multiple currencies.
Offers promos at merchants using Maybank Debit Cards. - Dynamic Currency Matching feature in Debit Cards which
gives customers advantages in making cash withdrawals and
purchases abroad without conversion fees.
3. Diversification and addition of acquisition channels to obtain
third-party funds through cooperation with merchants, other
companies (such as collaboration with the new Securities
Company to expand the reach of Maybank RDN accounts),
other communities, and Maybank sister company groups.
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Digital Banking 4. To improve customer experience and security in transactions
Maybank Indonesia is one of the pioneers of Digital Banking using internet banking, Maybank has also launched Secure2u
services in Indonesia, launching the first Internet Banking service for M2U Web as a replacement for SMS TAC for transaction
in Indonesia in 1998. Digital Banking has become an integral part authorisation.
of Maybank Indonesia’s overall strategy in recent years and also
in the future. This is in line with Maybank Indonesia’s mission, The very dynamic and competitive business development
namely Humanising Financial Services where Maybank Indonesia encourages Maybank Indonesia to always continuously update
always puts customers first in its business strategy and digital is its strategic journey in order to provide digital banking service
the main enabler to provide a better customer experience and solutions that are relevant to customer needs so that it can
improve customers’ financial well-being. win the competition. Through various development plans,
it is expected to further increase the number of active user
As one of the main drivers in increasing third-party funds, new customers, transactions, third-party funds, and transaction-based
customer acquisition and also as a source of fee-based income, revenue from Digital channels.
Maybank Indonesia has developed Digital Banking services with
a focus on providing a better transaction experience and services In addition to the addition of these features, the M2U ID App has
that are relevant to customers’ financial and lifestyle needs, with fundamentally also optimised and improved the capabilities of
M2U as the main platform for Digital Banking services. M2U is the system platform architecture, which has adopted the latest
equipped with various features and the latest technology, such technological capabilities, affecting the application’s ability to
as the ability to log in on mobile App and the Web with 1 user process more transactions with a much better response time
ID, various online services for opening savings accounts and than previously. Moreover, by optimising the fundamental
investment products, transferring funds and paying routine bills, architecture of the system platform, the Bank will be able to
as well as providing innovative services to meet the daily lifestyle innovate, providing new service features to its customers faster
needs of customers. than ever before, allowing the Bank to adapt to customer needs
that are increasingly dynamic and changing swiftly.
Maybank Indonesia continues to develop superior products and
services through the utilisation of Digital Banking channels that Performance Achievement in 2024
can be a holistic solution for the needs of today’s customers. The By the end of 2024, Maybank Indonesia has successfully
Bank’s Digital Banking products and services target segments moved most of its customer transactions from traditional
that provide growth opportunities through superior products channels through M2U services, such as Branches and ATMs
and convenient and highly competitive distribution, which can to digital channels by providing Omni Channel and Mobile
ultimately increase Maybank Indonesia’s market share. First customer experience financial solutions. Various feature
developments, communication and promotion programs have
2024 Initiatives been implemented, resulting in benefits for both customers and
In 2024, Maybank Indonesia continued to develop Digital Maybank Indonesia, including improving customer experience
Banking services in line with the Bank’s mission of “Humanising and loyalty, increasing the number of users and transactions, and
Financial Services”, particularly for Digital Wealth, Digital increasing revenue from digital channels and cross-selling.
Liabilities, and Digital Payment features as well as strengthening
the Digital Platform, which aims to further facilitate customers The number of active M2U users grew by 9% and customer
in conducting banking transactions and assist customers in financial transactions made through M2U grew by 17% in 2024.
managing their finances. These initiatives include: The increase in the number of users and transactions contributed
1. Development of the Digital Wealth features in M2U, to the revenue growth from the Digital channels of 28% in 2024.
including for the purchase of secondary market Government
Securities Bonds (SBN) and the addition of a physical For business segment customers, Maybank Indonesia also
withdrawal feature for Pegadaian gold savings. continues to develop M2E digital services. To facilitate customer
2. Development of the Digital Platform features, including transactions, the Bank continues to add payment features
consolidated statement launching that can be downloaded including bill payments and other payments on M2E. The
on M2U & interactive financial reports launching. Bank also continues programs to support the acquisition and
3. Development of various Digital Financing features, including activation of M2E user customers as well as socialisation with
the launch of Virtual Credit Card features to facilitate credit customers through online events and physical meetings. This is
card applications, TREATS loyalty points & a new dashboard reflected in the increase in the number of active M2E users by
management. 12%.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
ATM and CRM Network Development Awards
Maybank Indonesia provides ATM and CRM services that have In 2024, Maybank Indonesia’s Digital Banking successfully won
the advantage of interconnection with many ATM networks external awards for its performance, namely:
to make it easier for customers to make cash withdrawal and 1. The Best Consumer Digital Bank in Indonesia at the Best
deposit transactions without relying on branch office operations, Digital Bank Awards 2024 held by Global Finance.
namely: 2. The Most Transaction Growth Digital Channel 2024 held by
1. Three Main Local Networks: ATM Bersama, Prima, ALTO ATM Bersama/Artajasa.
2. International Networks: Maybank Group, MasterCard/Cirrus, 3. The Best Mobile Conventional General Bank 2024 - KBMI 3
Visa/Plus, MEPS, Union Pay and Asia Payment Network. held by Infobank & Marketing Research Indonesia (MRI).
2025 Plan and Strategy
Maybank Indonesia will continue to develop products and
services through the Digital platform and develop strategic
cooperation with Maybank Group entities to win market
competition. The development of the Bank’s digital banking
capabilities is aligned to support the direction of development
through the Bank’s digital platform, namely M2U and M2E. The
Bank has prepared a strategic journey related to the development
of digital banking so as to be able to provide innovative and
relevant digital banking service solutions to customer needs
through the continuous development of digital products
and services. In addition, to expand the reach of services to
customers, the Bank is also developing Bank as a Service (BaaS)
as a distribution channel for products and services. Through
BaaS, the Bank can reach new customer segments and business
partners, such as fintech startups and other non-traditional
financial institutions.
The focus of Maybank Indonesia’s digital development strategy in
2025 includes
1. Expanding product and service offerings to cover CFS
Retail segment initiatives, including the development of
digital lending product applications in M2U, such as for
Personal Loan products, and the development of payment
transactions including for QRIS TUNTAS and cross-border
In 2024, Maybank Indonesia continued to optimise the transactions, as well as the development of various digital
productivity of its ATM network after the New Normal conditions wealth products, such as for insurance purchases and Multi
from the pandemic, where the trend of ATM usage is decreasing. Currency Savings products in M2U
Maybank Indonesia has optimised the number of ATM machines 2. For the Non-Retail segment, M2E will continue to be
to obtain optimal results in terms of operational maintenance developed with the addition of the Soft Token feature
costs compared to the expected return. Maybank Indonesia to replace the hard Token as a transaction authorisation
also provides cardless cash withdrawal services as a form of method. In addition, the Foreign Exchange transaction
innovation to facilitate customer transactions by simply scanning feature in M2E will also be developed to further facilitate
the QR code on the ATM machine through the M2U ID App. Non-Retail customers in transacting foreign exchange
3. Developing a digital ecosystem through strategic
Data on the development of Maybank Indonesia’s ATM and CRM partnerships with a focus on potential industry and
networks over the past 3 years are as follows: community sectors, including the Sharia community,
improving API capabilities to support the development of
Description 2024 2023 2022 BaaS services, including the development of solutions related
to opening Savings Accounts and digital Hajj registration.
ATM 721 739 869
CRM 26 26 26
TOTAL 747 765 895
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Governance Responsibility
The highly dynamic and competitive business development (in Rp trillion)
encourages Maybank Indonesia to continuously update its Description
2024 2023 2022
strategic journey in order to provide relevant digital banking (Ending Balance)
service solutions to customer needs so that it can win the
Car and Motorcycle Loans 24.5 23.1 19.5
competition. Through various development plans, it is expected
Mortgages 16.9 16.2 16.0
to further increase the number of active user customers,
transactions, third-party funds, and transaction-based revenue Credit Card and Personal Loans 4.0 3.6 3.0
from Digital channels.
CFS Retail Plan and Strategy in 2025
In addition, Maybank Indonesia is also updating and rejuvenating In 2025, the Bank has established CFS Retail business
various infrastructures to ensure the implementation of fast and development plan and strategy with the following details:
convenient digital banking services, while still paying attention
to aspects of customer security and protection which are crucial Intensification of Customer Centricity
factors in digital banking services. • Accelerate mortgage growth by strengthening relationships
with developers & property agents
• Drive Credit Card & Personal Loans acquisition growth
through digital channels & co-brands
• Build and sharpen value proposition through micro-
segmentation and One Maybank.
Accelerate of Digitalisation and Technology Modernisation
• Features Development on Digital Wealth, Digital Liabilities,
Digital Lending, Digital Payment and Digital Platform on
M2U
• Integration (API) and building one connection between
CFS Retail Performance and Achievement subsidiaries & sister companies through the M2U application.
in 2024
Strengthen Maybank’s Position Outside Malaysia
CFS Retail Lending • Synergising between Maybank Group entities in Indonesia in
CFS Retail segment loans consistently contribute to the Bank’s offering a one-stop solution for all customer financial service
credit growth. In 2024, CFS Retail recorded total retail loans needs.
growing by 5.8% to Rp46.0 trillion from Rp43.5 trillion in 2023.
This increase was mainly supported by growth in automotive Driving Sustainable Growth
financing by 5.9%, credit card and Personal Loans businesses by • Continue sustainability financing such as continuing electric
11.3%, and the Mortgage segment by 4.7%, in line with economic vehicle financing through subsidiaries.
recovery and increasing purchasing power. All CFS Retail
segment loans also started to show positive growth at the end Continuing Shariah First Strategy
of the year. NPL (gross) for retail loans was recorded at 1.95%, • Increasing penetration of Sharia financing to the CFS
improving from 2.14% the previous year. segment through the Shariah First strategy in all segments
and issuing Shariah Wealth Management products.
2024 Annual Report PT Bank Maybank Indonesia Tbk 171
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Main Highlights Management Report Company Profile Analisis
Management
dan Pembahasan
Discussion
and
Manajemen
Analysis
Shariah
Banking
Maybank Indonesia Syariah Business Unit (UUS)
continues to strengthen its business foundation through
the ‘shariah first’ strategy, with Syariah Business Unit
assets accounting for 23.4% of the Bank’s total assets as
of December 2024, the highest in Indonesia.
Initiatives and Strategies in 2024 The following are a number of initiatives focus on continuously
Indonesia’s economy was well maintained amidst increasing growing the Shariah business portfolio in Maybank Indonesia
uncertainty and various global challenges. Indonesia’s economic and also in continuing to improve Shariah literacy in the larger
growth has been driven by domestic consumption, investment, society:
and exports, which increased during 2024. In addition, inflation 1. Presenting a comprehensive wealth management concept,
is still under control due to government policies for maintaining in accordance with the financial, social and spiritual needs
subsidised energy and food prices, as well as Bank Indonesia’s of customers in accordance with Shariah principles through
(BI) proactive measures for managing price stability. This Shariah Wealth Management.
condition also supports Maybank Indonesia UUS’s ability to 2. Strengthening penetration in the halal ecosystem
achieve good performance. through collaboration with Islamic organisations, related
communities, and synergy between Maybank entities to
In order to strengthen its position in the Sharia Banking sector, increase Shariah customers.
in 2024 Maybank Indonesia UUS continued to optimise the 3. Increasing penetration of the CFS Banking segment in
implementation of the Leverage Model and the “Shariah First” selective industries spectrum and expanding the retail
strategy, which has proven effective in promoting synergy and portfolio, as well as maintaining the growth momentum
coordination between Maybank Indonesia UUS and all units of of the Global Banking segment, especially for Local Large
the Bank. Moreover, Maybank Indonesia also positions Shariah Corporate customers through continuous collaboration with
services and products as banking solutions that can benefit all Global Market and Transaction Banking (trade and cash
levels of society (inclusive for all). management) to provide financial solutions to customers
based on Shariah products.
4. Accelerating digital transformation by developing M2U and
M2E application capabilities and developing Digital Banking
features in a sustainable manner so that they are always
relevant to customer needs.
5. Focus on developing Sharia-based business and
Environmental, Social and Governance (ESG) as well as
making UUS a reference in the sharia financial industry,
especially in supporting economic growth and positioning
itself as a Shariah Center of Excellence.
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Performance and Achievements in 2024
In 2024, the profitability and achievements of Maybank Indonesia UUS and its comparison with 2023, are as follows:
in billion Rupiah
Description 2024 2023 Growth (%)
Total Assets 42,964 41,040 4.7%
Financing 31,749 30,240 5.0%
Third Party Funds 36,784 35,074 4.9%
Time Deposits 16,545 17,021 -2.8%
Low-Cost Funds (CASA) 20,238 18,053 12.1%
Total Assets Third Party Funds
In 2024, Maybank Indonesia UUS’s total In 2024, total Third Party Funds reached Rp36.8 trillion or grew by 4.9% compared to
assets grew by 4.7% YoY to Rp43.0 2023. This increase was driven by a surge in low-cost funds (CASA), which grew rapidly
trillion from Rp41.0 trillion in 2023. by Rp2.2 trillion or 12.1% compared to the previous year. This resulted in an increase in
This growth was driven by an increase the CASA ratio to 55.02% from 51.47% last year. This is in line with Maybank Indonesia
in Financing, which grew by 5.0% YoY, UUS’ strategy to focus more on raising low-cost funds and to become the transaction
mainly from the CFS Non-Retail segment bank of choice for customers.
and also an increase in treasury assets.
Financing
In 2024, Maybank Indonesia UUS’s
total financing reached Rp31.7 trillion,
growing by 5.0% compared to 2023. This
growth was in line with the double-digits
increase in Non-Retail CFS financing,
as well as a raise in four-wheeled
automotive financing.
Profit
With the implementation of a proactive risk mitigation strategy, Maybank Indonesia UUS
set aside a provisioning fee of Rp317 billion; thus, the current year’s profit is recorded at
Rp415 billion in 2024.
Human Capital Development
Maybank Indonesia continues to support the implementation of the Leverage Model
and accelerate the growth of Maybank Indonesia UUS while maintaining business
and operational conformity with Sharia principles. With this implementation, the
organisational structure of Maybank Indonesia UUS always pays attention to effective
and efficient work processes.
The organisational development of Maybank Indonesia UUS is directly under the
President Director (who also serves as the Director of the Sharia Business Unit).
Maybank Indonesia UUS has several work units covering business work lines and
supporting functions.
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and Analysis
In developing Human Resources (HR) competency, Maybank Social Function through Benevolent Fund
Indonesia UUS mobilises all available resources and translates and Zakat Fund Management
the required competencies into education and training Maybank Indonesia UUS recognises that the success in carrying
materials. Every year, Maybank Indonesia UUS implements out its business activities cannot be separated from the support
several education and training methods in order to improve HR of all stakeholders. As part of its commitment to sustainability,
capabilities/competencies, as follows: Maybank Indonesia UUS continues to perform social functions
1. Provide Sharia banking training to employees who handle sustainably, through direct contributions both to community
or are related to Sharia business at Branch Offices and Head activities as well as to environmental development.
Offices according to the level of training required by each
employee. This social function is realised through the Benevolent Fund
2. Provide opportunities for Sharia Supervisory Board Management Unit (UPDK), which operates in accordance with
(DPS) Members to attend training/seminars/workshops the provisions of the Fatwa of the National Sharia Council of the
in accordance with the self-development needs of DPS Indonesian Ulema Council (DSN MUI). In its implementation,
members to support and improve Sharia supervision Maybank Indonesia UUS establishes coordination and
activities at UUS Maybank Indonesia. cooperation (mutual partnership) with Maybank Indonesia
3. Training to enhance both external and internal functional and stakeholders to support social programs, community
skills in the areas of Risk Management, Business empowerment and environmental protection.
Development, Super Service Excellence, Sharia Law, Financial The Maybank Indonesia UUS benevolent fund distribution
Analysis, Financing Analysis, Sharia Capital Markets (Sukuk), program focuses on five strategic sectors, namely:
Trade Finance, and others. 1. Infrastructure Development, Educational Facilities for Places
of Worship
Network Development and Office 2. Productive Economic Empowerment of the Dhuafa
Channeling Communities, supporting community-based small businesses
With the implementation of the Leverage Model, all Maybank that use sustainable business practices.
Indonesia Branch Offices can offer Maybank Indonesia UUS 3. Education (Development of Outstanding Human Capital and
products and all Maybank Indonesia branches have implemented the Dhuafa), especially the development of outstanding and
the “Shariah First” strategy which can accelerate the business competitive dhuafa human resources to create long-term
growth of Maybank Indonesia UUS. As of December 31, 2024, impacts for future generations.
the total Sharia Office networks was recorded at 17 Sharia Branch 4. Donations/Humanitarian Assistance, and Other Social
Offices (KCS) and 3 Sharia Sub-Branch Offices (KCPS). Activities, including support for disaster victims that pay
attention to aspects of rebuilding.
In carrying out the expansion of the Sharia Branch Office (KCS) 5. Sharia Financial Literacy, to increase financial inclusion in line
network, Management determines the approach taken in with sharia principles and sustainability.
developing building infrastructure. Initially, the Sharia Branch
Office is located in the same building as the Conventional Branch In 2024, Maybank Indonesia UUS benevolent funds distributed
Office, also known as the co-location branch. However, it is through partner institutions. Some of the leading programs for
still ensured that this co-location branch still carries out a clear distributing benevolent funds this year are as follows:
separation of functions and infrastructure between Sharia and 1. Productive economic empowerment programs such as
Conventional. developing businesses for the dhuafa and independent
Islamic boarding schools in collaboration with various
Then, after the business at the Sharia Branch is considered to institutions such as the Bahrul Maghfiroh Indonesia
have grown well and is generating a level of profitability that Foundation, the Arrohman Indonesia Orphanage Foundation,
is sufficient to stand alone, the Sharia Branch concerned may the Rumah Zakat Foundation, the PP Muhammadiyah
be directed to have its own infrastructure separate from the Economic Council, the National Committee for Sharia
Conventional Branch, also known as a standalone branch. Economics and Finance (KNEKS) and the Indonesian Ulema
Council’s Food, Drug and Cosmetics Research Institute
As of December 2024, the number of Sharia office networks (LPPOM MUI) in facilitating halal certification for food and
includes: beverage sellers.
2. Educational scholarship assistance to Rumah Kepemimpinan,
Type of Shariah Branch Office Total Muhammadiyah University of Kudus, the Darul Quran Mulia
Foundation, and Baiturrahmah Padang University.
KCS 17
KCPS 3
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3. Assistance for clean water distillation equipment at efficiently communicate and implement Shariah provisions to
Muhammadiyah 3 Vocational School in Pekanbaru and umrah internal stakeholders in order to ensure the fulfilment of Shariah
assistance to religious teachers and mosque caretakers in compliance in the Bank’s Shariah business activities. As a policy,
collaboration with the Hiro Untuk Kebaikan Foundation. the SCP is the basis for preparing the Bank’s internal provisions
4. Assistance for worship facilities and infrastructure as well as concerning the fulfilment of Shariah principles in running the
mosques construction. business activities.
5. Assistance for orphans in 20 Maybank Indonesia Shariah
Branch Offices in collaboration with Baznas, Darul Quran In order to improve compliance with Shariah principles, Maybank
Mulia, Rumah Zakat, Tahfidzul Quran Al Abrary, Amanah Indonesia is committed to continuously updating the SGF and
Muda Indonesia, Nurul Hayat, Lazismu, Rumah Yatim, SCP, while maintaining the main principles so that Maybank
Dompet Sosial Madani, Baitul Maal Hidayatullah, Wahdah Indonesia’s business activities continue to run well and receive
Inspirasi Zakat, and so on. relevant guidance. Maybank Indonesia is also committed to
6. Eid al-Adha sacrificial animals assistance in 20 Maybank continuing to conduct socialisation and training to improve
Indonesia Shariah Branch Offices in collaboration with understanding and awareness of compliance risks, particularly
BAZNAS, Lazismu, Rumah Yatim, Dompet Sosial Madani, those related to Shariah principles, on an ongoing basis.
Rumah Zakat, Nurul Hayat, Bahrul Maghfiroh, and so on.
7. Sharia Financial Literacy in several universities such as the Awards
University of Indonesia, Muhammadiyah North Sumatra, Maybank Indonesia UUS has successfully received several awards
UIN North Sumatra, Pamulang University, Muhammadiyah from external parties for its performance and achievements
Bekasi Business Institute, and the Beginner Stock Investor throughout 2024 as follows:
Community. 1. The Asset Triple A Islamic Finance Awards as Best Islamic
Project Finance Deal – PT PLN Batam Rp588 billion (IMBT).
Furthermore, since 2019, Maybank Indonesia has officially 2. Euromoney Awards 2024 as Best Islamic Local Currency Deal
become a Zakat Collection Unit (UPZ) of BAZNAS (referring – Indonesia: Permodalan Nasional Madani Rp1 trillion Shariah
to the Decree of the Chairman of the National Zakat Agency Financing – 2024.
Number 56 of 2019). By becoming a UPZ, it is expected to 3. Euromoney Awards 2024 as Best Islamic Project Finance Deal
support more transparent and accountable management of – Indonesia: PLN Batam Rp588 billion Ijarah Muntahiyah Bit
zakat funds in accordance with sharia principles and governance. Tamlik (IMBT) financing – 2024.
Through various programs implemented, Maybank Indonesia 4. Jawa Pos Awards 2024 as Most Popular Brand of The Year
UUS is committed to not only meeting the social needs of the 2024 in the Sharia Banking Category from Jawa Pos.
community, but also creating long-term impacts that are in line
with the principles of sustainability and Sharia. Plan and Strategy in 2025
In line with Maybank Indonesia’s strategic vision that prioritises
Implementation of Sharia Governance the growth of sharia banking, Maybank Indonesia UUS will
Sharia compliance management at Maybank Indonesia UUS continue to implement the Sharia First and Leverage Model with
is carried out based on Sharia governance policies that are in full commitment. This ensures that all resources owned by the
accordance with the Bank’s Sharia business activities, to ensure Bank are utilised optimally to accelerate the growth of sharia
that the supervision and control functions of Sharia compliance business while maintaining compliance with sharia principles,
are effective and good. This governance policy is outlined in the which are the main foundation.
Sharia Governance Framework (SGF), which is the framework
for managing Sharia compliance at the Bank level. An effective Maybank Indonesia UUS will continue to strengthen
Sharia governance policy can enhance the supervision and collaboration with the Bank’s Line of Business (LOB) and make
control of Sharia compliance by the Sharia Supervisory Board, sharia products and solutions the main choice for customers.
Board of Commissioners, UUS Directors, Board of Directors, and With the Sharia First strategy, several key initiatives will be
Executive Officers towards the Bank’s Sharia business activities. implemented to ensure sustainable growth and greater relevance
in the market, including:
Maybank Indonesia UUS also develops a Sharia Compliance 1. Sharia Wealth Management (SWM): UUS Maybank Indonesia
Policy (SCP) based on Sharia principles as stated in the fatwas will utilise SWM’s customer base to accelerate the acquisition
of the National Sharia Council-Indonesian Ulema Council (DSN- of new sharia customers (NTB), expand service coverage, and
MUI) and applicable Sharia banking regulations. This SCP is part strengthen its position in the sharia market.
of the Bank’s Shariah Governance Framework (SGF) and is the 2. Halal Ecosystem and Synergy: Strengthening penetration
basis for preparing the Bank’s internal provisions concerning in the halal ecosystem through collaboration with Islamic
the fulfilment of Shariah principles in conducting Shariah organisations, related communities, and synergy between
business activities. The SCP allows the Bank to effectively and Maybank entities to increase sharia customer acquisition.
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3. Leading Sharia Products and Solutions: Perfecting sharia 9. Sharia Center of Excellence: Leading sharia innovation
features such as IMBT and RPSIA to meet the needs of through the annual “Sharia Thought Leaders” forum, which
various institutional customers/investors. involves industry players, regulators, and academics to
4. Increasing SME Growth and Motor Vehicle Financing: discuss sharia economic challenges and innovations. This
Optimising collaboration between the Parent and subsidiary forum strengthens UUS Maybank Indonesia’s position as
networks to accelerate customer growth in the SME and a center of excellence for sharia banking and serves as
Motor Vehicle Financing segments. a reference in supporting economic growth and sharia
5. Mass Market Development: Developing the mass banking innovation leadership.
market through innovative business models based on payroll
& ecosystem, to expand the reach of sharia services and Through these steps, UUS Maybank Indonesia is committed
optimise fund collection. to continuing to make Sharia the Main Differentiator, offering
6. Focus on Digitalisation: Accelerating digital transformation innovative solutions, focusing on customer needs, and
by developing M2U and M2E application capabilities, as well strengthening the sharia values used by the Bank. A halal
as Banking as a Service (BaaS) and Regional i-BaaS-based ecosystem-based approach and stronger digital partnerships will
solutions to increase mass customer acquisition. strengthen UUS Maybank Indonesia’s position in an increasingly
7. Global Banking Growth: Expanding the customer base of competitive market.
large corporations (LLC/MNC) and financial institutions
(FIG) through ongoing collaboration with Global Market and With a positive spirit and mature strategy, Maybank Indonesia
Transaction Banking. is committed to continuing the momentum that has been built,
8. Sustainability and ESG (Environmental, Social, and realising the M25+ vision, and ensuring that all plans launched in
Governance): Supporting sharia-based financing that is in 2024 will be strengthened in 2025. The five pillars of the strategy,
line with ESG principles, as well as distributing charity and which include customer centricity, digitalisation, termination,
zakat funds that have a positive impact on society and the and sharia banking, will strengthen UUS Maybank Indonesia’s
economy. position as a leader in the sharia financial industry and play
an active role in supporting sustainable Indonesian economic
growth.
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Maybank
Finance
Despite facing challenging economic conditions, Maybank
Finance recorded total sales of Rp12.8 trillion in 2024,
experiencing an increase of 1.0% compared to Rp12.6 trillion
in 2023.
Maybank Finance is committed to delivering exceptional b. IMBT (Ijarah Muntahiyah Bin Tamliq)
performance by providing outstanding service and consistently A financing product with a finance lease scheme for
nurturing mutually advantageous long-term partnerships. To heavy equipment and industrial machinery with Shariah
that end, Maybank Finance continues to expand its business by principles for productive purposes. The consumer
optimising its focus on financing four-wheeled vehicles, industrial benefits by having the opportunity to own the goods for
machinery, and heavy equipment to achieve sustainable productive use over a specific period, tailored to their
growth. Maybank Finance is supported by authorised dealers, economic capacity.
showrooms, and suppliers throughout Indonesia. Currently, c. Installment Financing
Maybank Finance has 30 branch offices and 11 representative A financing product with a consumer financing scheme
offices spread across Indonesia. for productive-purpose vehicles for a specified duration,
aligned with their economic capability.
Product and Services 2. Multipurpose Financing
In line with Financial Services Authority Regulation No. 35/ Multipurpose financing here refers to all types of consumer
POJK.05/2018, Maybank Finance’s business activities include financing for goods/products and services with the following
Investment Financing, Working Capital Financing, Multifunction benefits:
Financing, and other financing activities based on OJK approval. a. Multipurpose fund facility.
In detail, Maybank Finance’s business activities are elaborated as A consumer financing scheme for non-productive
follows: vehicles (passenger cars). The benefit for the debtor is
1. Investment Financing that they can own the goods for consumptive purposes
Investment financing refers to all types of lease financing/ instead of for business purposes or any other productive
lease for business purposes with the following products and activities within the agreed period.
benefits: b. Multipurpose Consumer Financing.
a. Finance Lease Rp A variation of multipurpose financing offered to eligible
A financing product with a finance lease scheme for consumers with a proven record of credit quality for the
heavy equipment, industrial machinery, and productive purchases of consumable goods such as mobile phones,
purpose vehicles. The benefit for the debtor is that watches, prepaid credit, etc.
they can own the goods for productive purposes within
a certain period according to the lessee’s economic
capacity.
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3. Working Capital Financing Initiatives and Strategies 2024
Working capital financing refers to consumer financing that The positive outcomes in the growth of multifinance industry
will be one in 1 (one) cycle for productive business purposes. financing in 2024 were aligned with sustained risk management
The benefit for the debtor is that they have funds to run practices. To capitalise on opportunities and ensure ongoing
their productive business by pledging the vehicle’s vehicle performance growth, Maybank Finance executed the following
registration certificate (BPKB) for a certain period during initiatives and strategies throughout the year:
which the pledged vehicle can still be used by the debtor. 1. Utilising Maybank Indonesia branches across the country to
contribute to increasing sales of four-wheeled vehicles.
2. Boosting sales of four-wheeled vehicles with a focus on
financing new cars.
3. Boosting sales of electric and hybrid vehicles.
4. Boosting financing for heavy equipment, industrial
machinery, and commercial vehicles.
5. Continuously developing information technology systems to
anticipate rapid business growth.
6. Strengthening marketing through Digital Marketing to
directly reach potential consumers.
Performance in 2024
Based on data from GAIKINDO (the Association of Indonesian
Automotive Industries), car sales fell year on year (YoY).
Wholesale car sales (factory-to-dealer distribution) fell by 13.9%
to 865,723 units in 2024 compared to 1,005,802 units last year.
The downward trend also occurred in retail sales (dealer-to-
consumer distribution), falling by 10.9% to 889,680 units.
Despite facing challenging economic conditions and a weakening
national automotive market, Maybank Finance’s total sales
recorded an increase of 1.0% to Rp12.8 trillion in 2024 compared
to Rp12.6 trillion in 2023. Meanwhile, total financing in 2024
reached Rp7.9 trillion, which increased by 2.9% when compared
to 2023 of Rp7.7 trillion.
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Gross and net non-performing loans (NPLs) remained under control and recorded at low levels of 0.31% and 0.15%, respectively.
Maybank Finance’s pre-tax profit in 2024 amounted to Rp581 billion, up from Rp571 billion in 2023, representing a 1.7% increase.
Performance 2024 2023 Growth
Sales (Rp billion) 12,769 12,643 1.0%
Total Financing (Rp billion) 7,944 7,723 2.9%
NPL 0.31% 0.21% 0.10%
Profit before tax (Rp billion) 581 571 1.7%
Gearing ratio 1.01 1.14 -0.13
ROA 7.67% 7.76% -0.09%
ROE 11.93% 12.62% -0.69%
Awards in 2024
In 2024, Maybank Finance received several awards in various categories as follows:
1. The Best Indonesia Annual Report (IARA) III 2024 – Gold Award (B) (Excellent) (4 Star) – Category: Private Company – Sector:
Multifinance
2. The Best Indonesia Finance for Multifinance – Private Company 2024 (PLATINUM Award – Very Excellent – Asset category Rp1-10
Trillion in the Indonesia Finance Award (IFA) 2024 from Economic Review
Plan and Strategies for 2025
The global and domestic economic situation in 2025 is expected to remain quite challenging, including for the multifinance industry.
Faced with this possibility, Maybank Finance continues to enhance the Company’s financial performance by implementing strategies in
2025, as follows:
1. Focus on new car financing in the upper-middle segment.
2. Increase marketing of four-wheelers, heavy equipment, and industrial machinery financing.
3. Explore the market potential of electric and hybrid car financing.
4. Improve the speed of credit application processing services.
5. Improve customer service through service quality programs in synergy with Maybank Indonesia.
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Main Highlights Management Report Company Profile Analisis
Management
dan Pembahasan
Discussion
and
Manajemen
Analysis
WOM
Finance
Understanding the conditions of 2024 and
implementing the right strategies and policies, WOM
Finance managed to book revenue of Rp2.2 trillion,
an increase of 8.6% from year 2023 of Rp2.0 trillion.
Indonesia’s economy was doing well in 2024, demonstrating - Multipurpose Services Financing
resilience to the spillover effects of recent global occurrences. • MotorKu Multipurpose Financing (PPSA)
The economy grew pretty strongly, driven by restored domestic • MotorKu Funding Facility
demand, which corresponded to stable investments. The • MobilKu Multipurpose Financing
country’s financial system remained steady on its sustained • MobilKu Funding Facility
capitalisation, offering a view of lower risk of non-performing - Investment Financing
loans. • Sale and Leaseback MobilKu
- Working Capital Financing
Knowing how the year’s economic landscape would develop, • MobilKu Business Capital Facility
WOM Finance executed the right strategies and policies to • Sale and Leaseback MobilKu
eventually deliver Rp2.2 trillion in revenue, up 8.6% from • Sale and Leaseback MotorKu
Rp2.0 trillion in 2023. The largest revenue contributors were - Purchase Financing (Murabahah Contract)
multipurpose, working capital, and investment financings. The • New Motorcycle Sharia Financing
revenue growth came with fairly larger outlays for expenses, • “MasKu” Gold Sharia Financing
which experienced a considerable increase to Rp1.8 trillion from
Rp1.7 trillion in 2023. It translated into an annualised increase of
11.2% in net profit from Rp236 billion in 2023 to Rp263 billion in Business Strategies and Initiative in 2024
2024. In 2024, the Company did many initiatives to develop the
application of the latest technology in support of its long-term
Products and Services goal of becoming a leading financing company in the field of
The Company provides an array of products and services information technology. This year, the Company laid a greater
designed to meet the needs of consumers. Those products and focus on the development of the Company’s information
services offered are as follows: technology on improving business processes and enhancing
- Multipurpose Goods Financing infrastructure to increase efficiency and customer service.
• New Bike Financing (PPSA)
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The following are some of the key projects we initiated and • The Most Outstanding Women 2024, Category: Mrs.
completed in 2024: Cincin Lisa Hadi, The Most Outstanding Woman 2024, Mrs.
• Development of a credit scoring system. Thilagavathy Nadason, The Most Outstanding Woman 2024,
• Enhancement of features in the “KAWAN” application. and Mrs. Myrnie Zachraini Tamin, The Most Outstanding
• Development of an Internal Data Entry system. Woman 2024.
• Continued development of the Shariah – Murabahah system. • Info Bank Multi Finance Award 2024, Category: The
• Adjustment of systems related to Consumer Data Protection Excellence Performance Multifinance Company (Asset Class
policies. Rp5 Trillion to <Rp10 Trillion, Category: Multifinance).
• Improvement of application security. • SPEx2 Award 2024, Category: Outstanding Achievement in
• Development of infrastructure for the Company’s core Sustainability & Governance.
system. • SQ Award 2024, Category: Financing Automotive 2W.
• Updating of infrastructure and network devices. • TOP Human Capital Awards 2024, Category: TOP Human
Capital Awards 2024 #Stars 4 and Mr. Djaja as The Most
In 2024, WOM Finance has also successfully maintained its Committed Top Leader on Human Capital 2024.
ISO/IEC 27001:2013 certification and transitioned to ISO/IEC • Economic Review The Best Indonesia IT & Digital
27001:2022, as well as received several prestigious awards, Operational Excellence Award - 2024, Category: GOLD
including: Award (B) (Excellent) (4 Star ****), Category: Multifinance
• TOP LEADER on Digital Implementation 2024 organised by Public Company – Asset > Rp5 T.
IT Works. • Warta Ekonomi Best CMO Awards 2024, Category: Mr.
• TOP DIGITAL # Stars 5 organised by IT Works. Wibowo as Best Chief Marketing Officer 2024 in Maintaining
• The BEST INDONESIA IT & DIGITAL OPERATIONAL Customer Loyalty through Continuous Innovation, Category:
EXCELLENCE AWARD - 2024 as a GOLD Award (B) Multifinance.
(Excellent) (4 Star **). • Infobank 100 CEO & TOP 200 Future Leaders 2024,
Category: Mr. Djaja Suryanto Sutandar as TOP 100 Best
Performance and Achievements in 2024 CEOs, Mr. Njauw Vido Onadi, and Mrs. Cincin Lisa Hadi as
With a comprehension of conditions of 2024 and with the TOP 200 Future Leaders 2024.
right strategy and policy execution, WOM Finance successfully • TOP Digital Awards 2024, Category: TOP Digital #Stars 5
recorded revenues of Rp2.2 trillion, increasing by 8.6% from and Mr. Djaja Suryanto Sutandar as TOP Leader on Digital
Rp2.0 trillion in 2023. The total financing funnelled in 2024 Implementation 2024
reached Rp5.4 trillion. The increase in revenue led to a net profit
rise of 11.2% year-on-year, from Rp236 billion in 2023 to Rp263 Business Development Plan and Strategy
billion in 2024. for 2025
To face the upcoming 2025, WOM Finance has prepared a
WOM Finance also recorded an asset growth of 4.7% to Rp6.9 series of strategies that are adjusted to current circumstances.
trillion from previously Rp6.6 trillion. Gross and net Non- The strategies will involve geographic expansion and market
Performing Financing (NPF) in 2024 were recorded at 1.96% and penetration by extending the marketing network to new
0.88%, respectively, down from the previous year’s figures of potential areas in order to keep growing the business. WOM
2.08% and 0.90%. Finance will also focus on developing the commercial (fleet)
and corporate segments with an emphasis on a robust credit
Indicator initiation process, as well as continuing to develop and
2024 2023 Growth (%)
(in million rupiah) improve the KAWAN application to enhance the efficiency and
effectiveness of business processes.
Net Profit 262,915 236,407 11.2%
Total Financing 5,429,489 5,844,995 (7.1%) In addition, continuous improvements will be made to the credit
Disbursement
initiation process by regularly evaluating credit policies and
NPF Gross / % 1.96% 2.08% (0.12%)
procedures. WOM Finance will also collaborate with external
NPF Net / % 0.88% 0.90% (0.02%) parties and shareholders to create new business opportunities
and increase financing for the Micro, Small, and Medium
Awards Enterprises (MSMEs) sector while maintaining a focus on a
Throughout 2024, the Company received several awards, healthy portfolio quality.
including the following:
• Infobank 13th Digital Brand Awards 2024, Category: The Best Furthermore, WOM Finance will also conduct talent
Financing Company 2024 - Assets of Rp5 Trillion to Rp10 development through ongoing training to create a ready pool of
Trillion. talent to support the Company’s business growth.
• Top CSR Award 2024, Category: TOP CSR Awards 2024
#Stars 4 and Mr. Djaja Suryanto Sutandar as TOP Leader on
CSR Commitment 2024.
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and Analysis
Profitability
By Segments
Operating segment
Operating segments are reported in accordance with the internal reporting provided to the chief operating decision maker which is
responsible for allocating resources to certain segments and performance assessments. Maybank Indonesia is organised into three
operating segments based on products and services as follows:
• Global Banking segment
• Business Banking segment
• Retail segment
For the years ended 31 December 2024 and 2023, Maybank Indonesia and subsidiaries divided the segment based on business units. The
segment information of Maybank Indonesia and subsidiaries based on operating segments is as follows:
(in Rp million)
Head Office and
Description 2024 Global Banking CFS Non-Retail CFS Retail Total
Others
Interest income - net 3,280,172 858,473 3,116,650 (149,885) 7,105,410
Inter-segment interest income/(expenses) (2,058,290) 537,159 911,761 609,370 -
Interest income after inter-segment income 1,221,882 1,395,632 4,028,411 459,485 7,105,410
- net
Operating income/(expenses) - gross 723,847 485,090 1,444,305 (266,854) 2,386,388
Operating expenses (502,174) (597,367) (2,473,105) (2,961,136) (6,533,782)
Operating income/(expenses) before 1,443,555 1,283,355 2,999,611 (2,768,505) 2,958,016
allowance for impairment losses - net
Allowance for impairment losses (773,798) (174,284) (689,434) 268,140 (1,369,376)
Operating income/(expenses) - net 669,757 1,109,071 2,310,177 (2,500,365) 1,588,640
Non-operating income/(expense) - net (77) 1,434 (3,518) 13,834 11,673
Profit before allocation of indirect costs 669,680 1,110,505 2,306,659 (2,486,531) 1,600,313
Indirect costs (550,495) (763,511) (1,044,991) 2,358,997 -
Income before tax expenses 119,185 346,994 1,261,668 (127,534) 1,600,313
Tax expenses (401,670)
Income for the year 1,198,643
Total assets 89,935,174 37,242,430 32,302,363 37,699,855 197,179,822
Total liabilites 66,709,330 44,472,721 45,623,566 9,165,814 165,971,431
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(in Rp million)
Head Office and
Description 2023 Global Banking CFS Non-Retail CFS Retail Total
Others
Interest income - net 3,380,822 665,075 3,109,046 78,680 7,233,623
Inter-segment interest income/(expenses) (2,074,137) 764,736 1,021,444 287,957 -
Interest income after inter-segment income 1,306,685 1,429,811 4,130,490 366,637 7,233,623
- net
Operating income/(expenses) - gross 836,652 311,653 1,248,150 (359,490) 2,036,965
Operating expenses (434,592) (529,736) (2,280,697) (2,562,615) (5,807,640)
Operating income/(expenses) before 1,708,745 1,211,728 3,097,943 (2,555,468) 3,462,948
allowance for impairment losses - net
Allowance for impairment losses (123,458) (242,093) (618,330) (131,179) (1,115,060)
Operating income/(expenses) - net 1,585,287 969,635 2,479,613 (2,686,647) 2,347,888
Non-operating income/(expense) - net 139 (7,707) (2,506) 16,860 6,786
Profit before allocation of indirect costs 1,585,426 961,928 2,477,107 (2,669,787) 2,354,674
Indirect costs (525,561) (739,198) (1,009,949) 2,274,708 -
Income before tax expenses 1,059,865 222,730 1,467,158 (395,079) 2,354,674
Tax expenses (536,924)
Income for the year 1,817,750
Total assets 75,318,479 30,857,283 29,829,534 35,797,774 171,803,070
Total liabilites 40,917,984 39,756,518 46,081,937 14,250,597 141,007,036
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and Analysis
Financial
Review
The Bank is focused on achieving “super growth” to
strengthen its fundamentals, especially in key areas
such as large-scale domestic corporate loans (Local
Large Corporate/LLC), non-retail small and medium
enterprises, and the automotive financing retail segment.
Financial Performance Analysis General Discussion of the Bank’s Financial
The following financial performance analysis is based on Performance
the Consolidated Financial Statements of PT Bank Maybank Maybank Indonesia achieved a Profit Before Tax (PBT) of Rp1.6
Indonesia Tbk and its subsidiaries for the year ending December trillion and a Profit After Tax and Non-Controlling Interest
31, 2024. These Financial Statements have been audited by (PATAMI) of Rp1.1 trillion in 2024. This performance was driven
the Public Accounting Firm Purwantono, Sungkoro & Surja (a by a positive profit growth trend over the last three quarters of
member of the Ernst & Young global network) in line with the the year, following substantial provisions made in Q1 2024 to
Independent Auditor’s Report No. 2.1032/AU.1/07/0703-2/1/ maintain asset quality. The increase in profit reflects the Bank’s
II/2025, dated February 20, 2025. The audit resulted in an commitment to strengthening its business foundation and
unqualified audit opinion, confirming that the consolidated adhering to prudent asset management practices.
financial statements of PT Bank Maybank Indonesia Tbk
(Maybank Indonesia or the Bank) fairly present, in all material By the end of December 2024, the Bank’s total assets grew by
respects, the consolidated financial position as of December 31, 14.8% compared to the previous year, reaching Rp197.2 trillion,
2024, along with its financial performance and cash flows for supported by loan growth across all business segments. This
the year, in accordance with Indonesian Financial Accounting result aligns with the ‘super growth’ strategy implemented
Standards. The Consolidated Financial Statements are also throughout 2024, which aimed to boost loan growth in key
included in the last chapter of this Annual Report. segments, including large-scale domestic corporate clients,
non-retail small and medium enterprises, and retail automotive
financing. The Bank also implemented strategic initiatives
based on the Maybank Group’s M25+ strategy, which focuses
on enhancing business operations, technology capabilities, and
the ‘One Maybank’ approach to drive growth in segments with
high growth potential. As a result, loan growth across all core
segments increased by 10.0%, reaching Rp127.6 trillion as of
December 31, 2024, compared to Rp116.0 trillion in the previous
year. Additionally, the Bank’s Gross NPL improved to 2.68% from
2.92% in the previous year, reflecting better loan quality and
higher loan balances.
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Customer deposits increased by 3.0%, rising from Rp115.5 trillion to Rp119.0 trillion, with a 6.6% growth in CASA. The Bank’s funding
profile remains resilient, as indicated by the improvement in the low-cost fund ratio (CASA ratio), which strengthened to 52.86% as of
December 31, 2024, an increase from 51.08% in the previous year. To optimise low-cost deposits, the Bank implements various strategies,
including leveraging digital banking services to expand the CASA portfolio and customer base. These include the M2U digital platform
for retail customers and M2E for corporate customers.
As of December 31, 2024, the Bank’s liquidity indicators were at a sound level. The Loan to Deposit Ratio (LDR) was 89.84%, the Liquidity
Coverage Ratio (LCR) was 188.97%, and the Net Stable Funding Ratio (NSFR) was 109.77%, all reflecting solid liquidity.
The Bank’s capital remains strong and sufficient to support ongoing business growth, with a Capital Adequacy Ratio (CAR) of 25.55%,
and a Common Equity Tier 1 (CET1) ratio of 24.39%.
Financial Performance Analysis
Consolidated Statement of Financial Position
ASSETS
Maybank Indonesia’s total assets reached Rp197.2 trillion in 2024, reflecting a 14.8% growth from Rp171.8 trillion in 2023. This increase
was mainly driven by growth in loans, financial investments, and securities held, which contributed to a higher yield on the Bank’s
earning assets compared to the previous year.
A more detailed breakdown of the Bank’s total assets for 2024 is as follows:
(in billion Rupiah)
Growth
Asset 2024 2023
Nominal Percentage
Cash 1,862 1,570 292 18.6%
Current account with Bank Indonesia 10,696 8,152 2,544 31.2%
Current account with other banks - net 2,571 2,192 379 17.3%
Placements with Bank Indonesia and other banks - net 2,999 2,494 504 20.2%
Trading Securities 1,942 1,298 644 49.6%
Financial Investments - net 40,151 30,752 9,400 30.6%
Securities purchased under resale agreement - net 838 2,333 (1,495) -64.1%
Derivatives receivables - net 1,381 981 400 40.8%
Loans and Sharia receivables/financing
127,581 116,002 11,579 10.0%
Shariah - gross
Loans and Sharia receivables/financing 123,562 112,480
11,082 9.9%
Shariah - neto
Acceptance Receivables 1,571 786 785 100.0%
Deferred Tax Assets 613 691 (77) -11.2%
Fixed assets and right-of-use assets - net 3,992 3,828 164 4.3%
Intangible assets - net 366 364 3 0.8%
Prepayments and other assets 4,635 3,883 752 19.4%
Total Assets 197,180 171,803 25,377 14.8%
Cash
In 2024, the Bank recorded cash earnings of Rp1.9 trillion, an increase of 18.6% from Rp1.6 trillion in the previous year. This growth was
driven by a 19.5% rise in Rupiah balances and an 8.6% increase in foreign currency balances. Cash in Rupiah accounted for 92.7% of the
total, while cash in foreign currency made up 7.3%. Cash contributed 0.9% to the Bank’s total assets.
Current Accounts with Bank Indonesia
Current accounts with Bank Indonesia (BI) increased by 31.2%, from Rp8.2 trillion in the previous year to Rp10.7 trillion in 2024,
contributing 5.4% to total assets. This amount still meets and exceeds the Bank’s Minimum Statutory Reserve requirement (GWM) set
by BI.
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As of December 31, 2024, the Bank’s Minimum Statutory Trading Securities
Reserves (GWM) for Rupiah currency consisted of the daily Maybank Indonesia’s trading securities consist of Government
primary GWM, averages, and the Macroprudential Liquidity Debenture Debt, both in Rupiah and foreign currency. In 2024,
Buffer (PLM) at 8.33%, 7.65%, and 20.40%, respectively this account increased by 49.6%, which was primarily due to the
(compared to 7.12%, 8.81%, and 26.98% on December 31, 2023). Bank Indonesia Rupiah Securities amounting to Rp1.5 trillion.
The GWM for Foreign Currency was 4.38% (down from 4.58% on
December 31, 2023). Meanwhile, the Government Debenture Debt (SUN) and
Government Treasury Bond (SPN) in both Rupiah and foreign
The Macroprudential Intermediation Ratio (RIM) remains currencies that are traded were decreased. Ratings for SUN,
within the target range. On both December 31, 2024, and 2023, SRBI and SPN trading securities are BBB (S&P) and unrated,
the Bank’s Capital Adequacy Ratio (CAR) exceeded the CAR respectively.
incentive, reflecting the Bank’s compliance with BI’s regulations
regarding the Minimum Statutory Reserve Requirement for In terms of interest rates, the average annual interest rate for
Commercial Banks. Rupiah-denominated trading securities was 7.06% in 2024, while
foreign currency was 3.15%, compared to 6.93% and 3.89% the
Current Accounts with Other Banks previous year. In accordance with Bank Indonesia regulations,
In 2024, current accounts with other banks increased by 17.3%, trading securities on December 31, 2024, and December 31, 2023,
reaching Rp2.6 trillion, driven by a significant rise in foreign are classified as current. This account accounted for 1.0% of total
currency (forex) current accounts. Current accounts with other assets in 2024.
banks in foreign currency grew by 16.6%, from Rp2.0 trillion
to Rp2.4 trillion. These accounts contributed 1.3% to Maybank Financial Investment
Indonesia’s total assets. As of December 31, 2024, and December Financial investments consist of investments in marketable
31, 2023, all current accounts with other banks held by Maybank securities and equity. Investment in marketable securities is
Indonesia were classified as current assets, in compliance with classified either as amortised at cost or at fair value, with the
applicable OJK regulations. The average annual interest rate for movements recorded through other comprehensive income
current accounts with other banks in 2024 was 0.20% for Rupiah and equity. In 2024, the Bank’s financial investments, including
and 0.19% for foreign currency, compared to 0.17% and 0.22%, marketable securities and equity, were Rp40.2 trillion, an
respectively, in 2023. increase of 30.6% from Rp30.8 trillion in the previous year, with a
contribution of 20.4% of total assets.
Placements with Other Banks and Bank Indonesia
In 2024, placements with other banks and Bank Indonesia Maybank Indonesia’s investments in securities are classified
increased by 20.2%, reaching Rp3.0 trillion, compared to Rp2.5 based on the issuer type, including securities issued by the
trillion in 2023. This growth was primarily due to an increase Government and SOEs, Banks, and other entities. The largest
in placements with Bank Indonesia and other banks in foreign share comes from securities issued by the Government and SOEs,
currency, which rose from Rp2.3 trillion to Rp3.0 trillion. which accounted for 86.7% in 2024 and 89.6% in 2023.
In addition, the Bank has investments in shares of Rp195.2
In accordance with applicable OJK regulations, all placements billion. These include equity investments of Rp159.5 billion in
with other banks and Bank Indonesia as of December 31, 2024, PT Maybank Sekuritas Indonesia, Rp27.1 billion in PT Kliring
and December 31, 2023, are classified as current. Additionally, Penjamin Efek Indonesia, and Rp1.7 billion in PT Bank Capital
there were no collateral placements with Bank Indonesia or other Indonesia Tbk, as well as long-term equity participation in
banks. various companies amounting to Rp6.9 billion.
The average annual interest rate for foreign currency time
deposits with Bank Indonesia of Deposit was 5.35%, while the
interest rate for call money products was 6.25%. Placements
with other banks and Bank Indonesia accounted for 1.5% of total
assets in 2024.
(in billion Rupiah)
Growth
Financial Investment 2024 2023
Nominal Percentage
Securities 39,957 30,584 9,373 30.6%
Equity Participation 195 168 27 16.3%
Provision for Loan Impairment Losses (1) (0) (1) -155.7%
Total - Net 40,151 30,752 9,400 30.6%
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Securities Composition by Issuer
7.1% 6.2% 7.1% 3.3%
86.7% 89.6%
Government and SOEs
2024 2023 Bank
Others
Securities Purchased under Resale Agreement This strategic support has driven a 10.0% increase in loan
In 2024, Maybank Indonesia held securities purchased under growth across all core segments, reaching Rp127.6 trillion as
a resale agreement (reverse repo) valued at Rp838.4 billion, a of December 31, 2024, an increase from Rp116.0 trillion in the
significant decrease from Rp2.3 trillion in the previous year. previous year.
This decline aligns with the reduction in the ownership of these
securities in Rupiah, from Rp2.3 trillion in 2023 to Rp829.0 billion Global Banking loan grew by 7.2%, reaching Rp44.7 trillion, an
in 2024. As a result, the proportion of this account in total assets increase from Rp41.7 trillion. The Large Local Corporate (LLC)
decreased to 0.4% in 2024, compared to 1.4% in the prior year. loan segment had a significant growth of 65.2% (YoY) due to the
‘super growth’ loan strategy in this segment, while the Financial
For 2024, Maybank Indonesia’s Rupiah-denominated repo Institution (FIG) segment experienced a 10.1% (YoY) growth,
securities consist of Bank Indonesia Rupiah Securities, while the which was disbursed through medium-term financing for banking
foreign currency repo securities are in the form of Government and non-bank financial institutions.
Securities (Sovereign Securities).
Retail and non-retail loans, which were classified as Community
Derivative Receivables Financial Services (CFS), grew by 11.6%, reaching Rp82.9 trillion,
In 2024, Maybank Indonesia recorded a 40.8% increase in an increase from Rp74.3 trillion in the same period last year.
derivative receivables, rising to Rp1.4 trillion from Rp981.0 billion
in the previous year. This growth was primarily due to a rise in The CFS non-retail loans grew by 19.7%, reaching Rp36.9 trillion
derivative receivables from third parties, which increased to from Rp30.8 trillion, driven by a 25.0% increase in Business
Rp934.8 billion in 2024 from Rp707.3 billion in the previous year. Banking commercial loans, a 22.4% rise in Small and Medium
Enterprises (SME+) loans, and a 14.1% increase in the Retail SME
Loans disbursed, Sharia & Consumer Receivables/Financing (RSME) loans segment.
The Bank is focused on achieving “super growth” to strengthen
its fundamentals, especially in key areas such as large-scale The CFS retail loans segment continued to contribute to the
domestic corporate loans (Local Large Corporate/LLC), non-retail Bank’s overall loan growth. As of December 31, 2024, the CFS
small and medium enterprises, and the automotive financing retail loans segment grew by 5.8%, reaching Rp46.0 trillion
retail segment. Additionally, the Bank is implementing strategic from Rp43.5 trillion, supported by a 5.9% increase in automotive
initiatives based on the Maybank Group’s M25+ strategy, financing, a 4.7% rise in mortgages, and an 11.3% growth in credit
which aims to enhance business operations and technological cards and personal loans.
capabilities while reinforcing the “One Maybank” approach to
foster growth through business segments with the potential for
further growth.
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Loan composition by segment is as follows:
(in billion Rupiah)
Growth
Loans by Business Segment 2024 2023
Nominal Percentage
Global Banking 44.709 41.721 2.988 7,2%
Community Financial Services (CFS) 82.872 74.281 8.591 11,6%
CFS - Non Retail 36.870 30.810 6.060 19,7%
CFS - Retail 46.002 43.471 2.531 5,8%
Total 127.581 116.002 11.579 10,0%
The Bank’s loan composition by segmentation aligns with its strategic direction to gradually increase the share of CFS loans. As of
December 2024, the composition of Global Banking and CFS loans was 35% and 65%, respectively, compared to 36% and 64% in
December 2023.
Loans Composition by segment (%)
35.0% 36.0%
65.0% 64.0% CFS
2024 2023 Global Banking
Based on currency type, loans in Rupiah and foreign currency were recorded at Rp107.2 trillion and Rp20.4 trillion, respectively. The
portion of these loans was 84.0% in Rupiah and 16.0% in foreign currency in 2024.
Loans Composition by Currency (%)
16.0% 13.4%
84.0% 86.6% Rupiah
2024 2023 Foreign Currency
In terms of economic sectors, the Bank’s loan disbursement is primarily focused on the business services, trade, restaurants and hotels,
and mining sectors. In 2024, these three sectors grew by 19.1%, 20.2%, and 53.1%, respectively.
The Bank remains committed to a selective and prudent loan growth strategy. The Bank risk appetite is strictly implemented, with a
focus on selective loan growth in industries that are considered to have strong prospects.
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(in billion Rupiah)
Growth
Loans by Economic Sector 2024 2023
Nominal Percentage
Agriculture and forestry 1,062 1,137 (75) -6.6%
Mining 5,442 3,555 1,887 53.1%
Industry 20,586 19,547 1,039 5.3%
Electricity, gas, and water 3,443 2,254 1,189 52.8%
Construction 8,100 10,976 (2,877) -26.2%
Trade, restaurants, and hotels 18,148 15,098 3,050 20.2%
Transportation, warehouse, and communication 3,608 2,297 1,311 57.1%
Business services 20,718 17,399 3,319 19.1%
Social/community services 473 269 204 75.9%
Others * 46,000 43,469 2,531 5.8%
Total - gross 127,581 116,002 11,579 10.0%
* It includes consumer mortgages, auto loans, and others, as well as consumer financing receivables from subsidiaries
Loan Interest Rate Non Performing Loans
In 2024, the average annual interest rate charged to debtors As of December 31, 2024, and 2023, in accordance with Bank
by the Bank was 8.70% for Rupiah loans and 6.14% for foreign Indonesia Circular Letter No. 13/30/DPNP dated December
currency loans, compared to 8.73% and 6.17%, respectively, in the 16, 2011, the consolidated Non-Performing Loans (NPL) ratio
previous year. calculated on a gross basis was 2.68% and 2.92%, respectively.
When calculated on a net basis, the NPL ratios were 1.42% in
Syndicated Loan 2024 and 1.88% in 2023. The improvement in the NPL ratio was
As of December 31, 2024, the total syndicated loan provided supported by improved loan quality and increased loan balances.
by the Bank was Rp13.6 trillion, an increase from Rp9.4 trillion Additionally, the Bank’s Loan at Risk (LAR) ratio improved to
as of December 31, 2023. The Bank’s role as a syndicate leader 8.22% in December 2024, compared to 8.94% in the previous
ranged from 5% to 67% as of December 31, 2024 (compared to year.
8% to 44% as of December 31, 2023), while its participation as a
syndicate member ranged from 3% to 25% (compared to 3% to Allowance for Impairment Losses (CKPN)
16% as of December 31, 2023) of total syndicate loans. The allowance for impairment losses required for loans granted,
in line with the Financial Services Authority’s provisions for the
Joint Financing Loans calculation of the Capital Adequacy Ratio (KPMM), amounted
The Bank enters into agreements for joint financing, particularly to Rp3.7 trillion as of December 31, 2024, compared to Rp2.9
with subsidiaries such as WOM and MIF, to fund retail auto loans. trillion as of December 31, 2023. Management believes that this
The Bank’s loan risk in these joint financing arrangements is allowance is adequate.
associated with the subsidiary’s debtors.
Acceptance Receivables
In 2024, there was no balance in the joint financing facilities In 2024, the Bank recorded acceptance receivables of Rp1.6
with WOM (December 31, 2023: none). The total balance of trillion, a 100.0% increase from Rp785.6 billion in 2023. This
joint financing facilities with MIF as of December 31, 2024, was rise corresponds with an increase in the value of the account
Rp10.3 trillion (December 31, 2023: Rp9.3 trillion). This amount is in both Rupiah and foreign currency. Based on collectability, all
recorded under Auto Loan and Sharia Loan, as well as other types acceptance receivables are classified as current in 2024.
of loans.
Deferred Tax Assets
Restructured Loans In 2024, the Bank’s deferred tax assets amounted to Rp613.1
Restructured loans include those with extended terms and/or billion, compared to Rp690.6 billion in the previous year.
reduced interest rates.
As of 2024, the total amount of restructured loans reached Rp6.5
trillion (gross), compared to Rp6.7 trillion (gross) in the previous
year.
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Fixed Assets and Right-of-Use Assets
The Bank reported Rp4.0 trillion in fixed assets and right-of-use assets in 2024, reflecting a 4.3% increase from Rp3.8 trillion in the
previous year. This growth is aligned with the rise in asset acquisition costs.
As of December 31, 2024, and 2023, the Bank’s additions and reductions in fixed assets primarily involved computer hardware, ATM
machines, land, buildings, and motor vehicles used in the Bank’s operational activities.
Intangible Assets
Intangible assets in 2024 included software worth Rp359.2 billion and goodwill worth Rp7.1 billion, compared to Rp356.5 billion and Rp7.1
billion, respectively, in the previous year.
The Bank’s additions and reductions in intangible assets as of December 31, 2024, and 2023 primarily related to software and licenses
used in the operational activities of the Bank and its subsidiaries.
Prepaid Expenses and Other Assets
In 2024, Maybank Indonesia recorded prepaid expenses and other assets of Rp4.6 trillion, reflecting a 19.4% increase from Rp3.9 trillion
in the previous year. The prepaid expenses primarily consist of prepaid taxes, fixed asset maintenance, and software maintenance.
LIABILITIES
(in billion Rupiah)
Growth
Liability 2024 2023
Nominal Percentage
Liability
Obligations due immediately 1,071 1,077 (6) -0.6%
Deposits from customers 119,004 115,503 3,501 3.0%
Deposits from Other Banks 6,020 4,783 1,237 25.9%
Securities purchased under resale agreement 14,803 2,017 12,786 633.9%
Derivatives Payables 1,356 963 393 40.8%
Acceptances payables 1,416 512 904 176.6%
Securities issued 3,714 4,222 (508) -12.0%
Borrowings 14,427 7,745 6,682 86.3%
Taxes Payable 316 395 (79) -20.0%
Accrued expenses and other liabilities 3,745 3,691 54 1.5%
Subordinated bonds 99 99 0 0.0%
Total Liabilities 165,971 141,007 24,964 17.7%
Obligations due Immediately
In 2024, the Bank recorded obligations due immediately of Rp1.1 trillion, a decrease of 0.6% from the previous year. This decrease was
primarily due to a reduction in immediate liabilities in foreign currencies, which decreased from Rp53.6 billion in the previous year to
Rp43.1 billion, mainly attributed to the decrease in liabilities for the purchase of fixed assets and software.
Deposits from Customers
In 2024, total customer deposits amounted to Rp119.0 trillion, an increase of 3.0% compared to Rp115.5 trillion in the previous year. The
Bank’s Low-Cost Funds (CASA) balance grew by 6.6%, reaching Rp62.9 trillion, with Current and Savings accounts recorded at Rp39.6
trillion and Rp23.3 trillion, respectively.
On the other hand, Time Deposits decreased slightly by 0.7%, from Rp56.5 trillion in 2023 to Rp56.1 trillion in 2024. The Bank continued
to enhance liquidity through low-cost savings by optimising digital services for customer deposits and cash management for corporate
operational accounts. As a result, the Bank’s CASA ratio increased to 52.86% in 2024, compared to 51.08% in 2023.
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Customer deposits in Rupiah still made up a dominant share of 76.6% in 2024, slightly up from 76.3% in the previous year. The
contribution of customer deposits to total liabilities was 71.7% in 2024, compared to 81.9% in the previous year.
(in billion Rupiah)
Growth
Customers Deposit 2024 2023
Nominal Percentage
Current Account 39,600 35,753 3,847 10.8%
Savings 23,302 23,243 59 0.3%
Time Deposits 56,102 56,506 (404) -0.7%
Total 119,004 115,503 3,501 3.0%
Customer Deposit Composition by Type of Product (%)
47.1% 48.9%
33.3% 31.0%
Current Account
2024 2023 Savings
Time Deposits
19.6% 20.1%
The annual average interest rates for the three types of customer deposits are as follows:
2024 2023
Average interest rate paer year
Rupiah Forex Rupiah Forex
Current Account 3.30% 2.49% 2.83% 1.65%
Savings 1.31% 0.42% 1.10% 0.32%
Time Deposits* 3.43%-4.56% 1.39%-2.59% 3.05% - 4.08% 0.80% - 3.97%
* ≤ 1 month and > 12 months
Deposits from Other Banks
Deposits from other banks serve as a key source of funding for business growth. In 2024, deposits from other banks were recorded at
Rp6.0 trillion, reflecting a 25.9% increase from Rp4.8 trillion in the previous year. The contribution of this account to total liabilities was
3.6% in 2024, compared to 3.4% in 2023. This growth was primarily driven by an increase in call money and demand deposits from other
banks.
Securities Sold under Repurchase Agreements
Maybank Indonesia recorded Rp14.8 trillion in securities sold under repurchase agreements in 2024, a significant increase from Rp2.0
trillion in the previous year.
Derivative Payables
Maybank Indonesia’s derivative payables increased by 40.8%, reaching Rp1.4 trillion, compared to Rp963.1 billion in the previous year.
This increase was driven by higher derivative liabilities from both third parties and related parties.
Acceptance Payables
In 2024, the Bank recorded acceptance payables of Rp1.4 trillion, a 176.6% increase compared to Rp512.0 billion in the previous year.
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Securities Issued
The Bank issues debt securities as a funding source. In 2024, the total amount of outstanding debt securities or bonds was Rp3.7 trillion,
a decrease from Rp4.2 trillion in 2023.
The bonds issued by Maybank Indonesia accounted for Rp698.5 billion of the total outstanding bonds. The remaining bonds were
issued by subsidiaries, with Maybank Indonesia Finance issuing Rp899.1 billion and WOM Finance issuing Rp2.1 trillion. More detailed
information on these debt securities can be found in the bond overview section and company profile related to the bond listing
chronology.
The composition of debt securities, in the form of consolidated corporate bonds issued by Maybank Indonesia and its subsidiaries, is as
follows:
Securities Issued Composition
57.0% 36.4%
18.8% 25.2%
MBI
2024 2023 MIF
WOM
24.2% 38.4%
In both 2024 and 2023, the Bank and its subsidiaries complied with the provisions related to restrictions and obligations as outlined
in the Trustee Agreement. The funds raised through the issuance of Maybank Indonesia bonds were used to enhance earning assets to
expand the Bank’s business, primarily for loan disbursement.
Borrowings
On a consolidated basis, the Bank obtained loans from third parties, with most of the funds being used by subsidiaries to support auto
loans. In 2024, the total loans received amounted to Rp14.4 trillion, an increase from Rp7.7 trillion in the previous year, which, from the
total loans, the interbank loans in foreign currencies increased significantly to Rp7.7 trillion from Rp1.6 trillion in the prior year.
Tax Payables
In 2024, Maybank Indonesia recorded Rp316.3 billion in tax payables, a decrease from Rp395.2 billion in the previous year. This reduction
aligns with the decline in taxable income for the Bank and its subsidiaries.
Accrued Expenses and Other Liabilities
The accrued expenses and other liabilities accounts increased due to a rise in provisions for employee benefits and lease liabilities. In
total, this account reached Rp3.7 trillion, reflecting a 1.5% increase from Rp3.7 trillion in the previous year.
Subordinated Loans and Bonds
The Bank did not issue any subordinated bonds in 2024, and by the end of the year, the balance of outstanding subordinated bonds was
zero.
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EQUITY
In 2024, the Bank’s total equity amounted to Rp31.2 trillion, an increase of 1.3% from Rp30.8 trillion in 2023. This growth was mainly due
to a 1.9% increase in retained earnings, which raised to Rp17.5 trillion from Rp17.1 trillion in the previous year.
(in billion Rupiah)
Growth
Equities 2024 2023
Nominal Percentage
Issued and fully paid capital 3,856 3,856 - 0.0%
Additional paid-in capital 6,357 6,357 - 0.0%
Other equity components 2,167 2,150 17 0.8%
General reserve 771 771 - 0.0%
Retained earnings 17,456 17,124 331 1.9%
Non-controlling interest 602 538 64 11.9%
Total 31,208 30,796 412 1.3%
Consolidated Statement of Profit or Loss and Other Comprehensive Income
(in billion Rupiah)
Growth
Consolidated Income Statement 2024 2023
Nominal Percentage
Interest and Syariah income 13,062 11,884 1,178 9.9%
Interest and Syariah expenses 5,957 4,650 1,307 28.1%
Net interest and Syariah income 7,105 7,234 (128) -1.8%
Total other operating income 2,152 2,035 118 5.8%
Operating income - gross 9,258 9,268 (11) -0.1%
Total other operating expenses 6,300 5,805 494 8.5%
Operating income before provision - net 2,958 3,463 (505) -14.6%
Provision Expense 1,369 1,115 254 22.8%
Operating income after provision - net 1,589 2,348 (759) -32.3%
Non-operating income - net 12 7 5 72.0%
Profit before tax 1,600 2,355 (754) -32.0%
Tax expense - net (402) (537) 135 -25.2%
Profit after tax 1,199 1,818 (619) -34.1%
Non-controlling interest 83 74 8 11.2%
Profit after tax and Controlling Interest (PATAMI) 1,116 1,743 (627) -36.0%
Earnings per share (full amount) 14.6 22.9 (8) -36.0%
Interest and Sharia Incomes
In 2024, Maybank Indonesia recorded consolidated net interest and sharia income of Rp13.1 trillion, up 9.9% from Rp11.9 trillion in 2023
due to a better composition of productive assets along with an increase in the average credit balance. Interest and sharia income was
mainly contributed by an increase in loans, sharia income, and securities of 9.3%, 6.2%, and 31.8%, respectively.
(in billion Rupiah)
Growth
Interest and Shariah Incomes 2024 2023
Nominal Percentage
Loans 6,171 5,648 523 9.3%
Shariah 2,637 2,483 154 6.2%
Consumer financing receivables - net 2,186 2,116 70 3.3%
Marketable securities 1,843 1,399 445 31.8%
Placements with Bank Indonesia and other banks 220 235 (14) -6.0%
Others 5 4 1 24.9%
Total Interest and Shariah Income 13,062 11,884 1,178 9.9%
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Interest Income and Shariah Components
1.7% 2.0%
14.1% 11.8%
47.2% 47.5%
Loans
16.7% 17.8% Shariah
2024 2023 Consumer financing receivables - net
Marketable securities
Others
20.2% 20.9%
Interest and Shariah Expenses
Maybank Indonesia’s interest expense increased by 28.1% in 2024, reaching Rp6.0 trillion from Rp4.7 trillion in 2023. This increase was
primarily driven by time deposit expenses, sharia expenses, borrowings, and demand deposit expenses, which rose by 27.0%, 13.8%,
88.0%, and 28.1%, respectively.
Interest expense from time deposits accounted for the largest portion, 31.5% of total customer savings interest expense in 2024, a
decrease from 31.7% in 2023. Meanwhile, CASA interest expense increased to 16.8% from 16.3% the previous year.
(in billion Rupiah)
Growth
Interest and Shariah Expenses 2024 2023
Nominal Percentage
Time deposits 1,874 1,475 398 27.0%
Shariah 1,348 1,185 164 13.8%
Borrowings 1,061 565 497 88.0%
Demand deposits 764 596 167 28.1%
Securities issued 273 331 (59) -17.7%
Premium on third party fund guarantee 241 226 16 6.9%
Savings 237 163 74 45.1%
Call money 151 72 79 108.8%
Subordinated bonds 8 37 (29) -78.7%
Total Interest and Shariah Expenses 5,957 4,650 1,307 28.1%
Interest Expense Components and Shariah
4.0% 6,6% 3.5% 6.5%
4.7% 7.9% Time deposits
31.5% 31.7%
Shariah
Borrowings
12.8% 12.8%
2024 2023 Current accounts
Securities issued and Subordinated Bonds
Savings
Others
17.8% 12.1%
22.6% 25.5%
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Net Interest Income Profit Before Income Tax
In 2024, the Bank recorded net interest income of Rp7.1 trillion In 2024, the Bank posted a profit before income tax of Rp1.6
from Rp7.2 trillion in 2023. This was due to an increase in interest trillion. The Bank recorded a PBT growth trend in the last three
and sharia expenses of 28.1%, which suppressed net interest quarters of 2024. This achievement was supported by positive
income. The Bank recorded a Net Interest Margin (NIM) ratio business growth in 2024.
decrease of 59 bps to 4.37% from 4.96% in 2023.
Net Profit After Tax and Non-Controlling Interests
Other Operating Income (PATAMI)
In 2024, the Bank recorded other operating income (fee-based In 2024, the Bank recorded a Consolidated Net Profit After Tax
income) of Rp2.2 trillion, an increase of 5.8% compared to and Non-Controlling Interests (PATAMI) of Rp1.1 trillion from
Rp2.0 trillion in 2023. This positive growth was driven by the Rp1.7 trillion in 2023.
growth in asset recovery fees, which almost doubled, as well as
contributions from subsidiary two-wheeled vehicle financing and Earnings per Share
fees related to Premier banking services (Wealth Management), Earnings per Share (EPS) in 2024 amounted to Rp14.6 per share
offsetting the decrease from Global Market transaction fees. from Rp22.9 per share in 2023.
Other Operating Expenses Profit for the Year Attributable to Owners of the
Other Operating Expenses (Overhead costs) of Rp6.3 trillion Parent Entity
increased by 8.5%, reflecting the Bank’s continued investment Profit for the year attributable to Owners of the Parent Entity
in IT infrastructure and capability enhancements, as well as the reached Rp1.1 trillion in 2024 compared to Rp1.7 trillion in the
implementation of transformative initiatives aligned with the previous year.
Maybank Group’s M25+ strategy. If IT infrastructure costs and
M25+ initiatives are not considered, overhead costs rise by 5.6%. Comprehensive Profit for the Year Attributable to
Owners of the Parent Entity
Provision Expenses Comprehensive profit for the year attributable to Owners of the
Provision expenses include allowances for impairment losses on Parent Entity reached Rp1.1 trillion in 2024 compared to Rp1.8
financial instruments as well as allowances for losses on non- trillion in the previous year.
productive assets. In 2024, the Bank recorded provision expenses
of Rp1.4 trillion, compared to Rp1.1 trillion in 2023.
The Bank consistently takes conservative measures and
proactively reserves provisions for portfolios across all business
segments amidst challenging economic conditions. The Bank
assists debtors who are still facing challenges by implementing a
credit restructuring program to maintain the quality of the Bank’s
assets.
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Consolidated Statement of Cash Flows
(in billion Rupiah)
Growth
Cash Flow Statement 2024 2023
Nominal Percentage
Net cash (used in)/provided by operating activities (7,314) 5,263 (12,577) -239.0%
Net cash used in investing activities (7,230) (4,028) (3,202) 79.5%
Net cash provided by/(used in) financing activities 18,005 (2,511) 20,515 -817.2%
Increase/(decrease) in cash and cash equivalents 3,461 (1,276) 4,737 -371.4%
Cash and cash equivalents at the beginning of the year 14,413 15,740 (1,327) -8.4%
Cash and cash equivalents at the end of the year 18,129 14,413 3,716 25.8%
Cash Flows from Operating Activities
In 2024, the Bank reported that net cash obtained from operating activities recorded a deficit of Rp7.3 trillion. In the previous year, net
cash obtained from operating activities recorded a surplus of Rp5.3 billion. This was mainly influenced by increase in loans and Sharia
receivables/financing, which recorded at a deficit of Rp12.9 trillion. Meanwhile, in 2024, deposits from customers and other banks were
recorded at Rp4.7 trillion, from Rp11.4 trillion in 2023.
Cash Flows from Investing Activities
In 2024, Maybank Indonesia posted a net cash deficit from investment activities of Rp7.2 trillion, mainly due to the purchase of
marketable securities measured at fair value through other comprehensive income worth Rp8.2 trillion. In the previous year, the Bank
reported that net cash obtained from investment activities was a deficit of Rp4.0 trillion due to the purchase of marketable securities
measured at fair value through other comprehensive income valued at Rp2.6 trillion.
Cash Flows from Financing Activities
In 2024, Maybank Indonesia reported a surplus of Rp18.0 trillion in net cash obtained from funding activities. In the previous year, the
Bank reported net cash used for funding activities of Rp2.5 trillion. In 2024, the Bank recorded sales of securities sold under repurchased
agreements of Rp12.8 trillion and proceeds from borrowings of Rp6.7 trillion. Meanwhile, in 2023, the Bank recorded proceeds from
subordinated long term notes and repayments of subordinated bonds.
Key Financial Ratios
The Bank is committed to performing its intermediary function in the distribution of loans to various customer segments while adhering
to Bank Indonesia and Financial Services Authority regulations and applicable laws. In addition, the Bank consistently implements good
corporate governance and prioritises the principle of prudence in its business operations.
In 2024, the Bank met the applicable provisions regarding regulatory compliance ratios, including capital, productive assets, profitability,
liquidity, and ongoing compliance as follows:
Key Financial Ratio 2024 2023 2022 2021* 2020
Capital
Capital Adequacy Ratio (CAR) 25.55% 27.74% 26.65% 27.10% 24.31%
Tier 1 Capital CAR 24.39% 26.57% 25.57% 25.89% 22.80%
Supplementary Capital CAR 1.16% 1.17% 1.08% 1.21% 1.51%
Asset Quality
1. Non-performing earning assets and non-performing non-producing 1.36% 1.55% 1.88% 2.71% 2.81%
assets to total earning assets and non-producing assets
2. Non-performing earning assets to total earning assets 1.82% 2.08% 2.49% 2.32% 2.58%
3. Non-performing loan ratio (NPL) - Gross 2.68% 2.92% 3.46% 3.69% 4.00%
4. Non-performing loan (NPL) ratio - Net. 1.42% 1.88% 2.34% 2.56% 2.49%
5. Provision for impairment losses on financial assets to earning assets 2.35% 2.36% 2.45% 2.18% 2.09%
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Key Financial Ratio 2024 2023 2022 2021* 2020
Revenues
1. Return on Average Assets (ROA) 0.85% 1.41% 1.25% 1.34% 1.04%
2. Return on Average Equity (ROE) 3.93% 6.20% 5.44% 6.36% 5.13%
3. Net Interest Margin (NIM) 4.37% 4.96% 4.89% 4.69% 4.55%
4. Other Operating Income to Operating Income (BOPO) Ratio 89.56% 83.13% 83.10% 82.69% 87.83%
5. Cost to income ratio (CIR) 69.02% 63.84% 63.25% 59.62% 59.66%
Liquidity
1. Loan to Deposit Ratio (LDR) 101.85% 96.32% 98.31% 86.18% 89.10%
2. Leverage Ratio 13.99% 15.96% 16.67% 15.74% 14.26%
3. Liquidity Coverage Ratio (LCR) 185.35% 210.22% 172.28% 183.97% 212.63%
4. Net Stable Funding Ratio (NSFR) 109.00% 114.19% 108.09% 109.03% 115.07%
Kepatuhan
1. a. Percentage of BMPK Violations - - - - -
i. Related Party - - - - -
ii. Unrelated Party
b. Percentage of LLL Exceedance
i. Related Party - - - - -
ii. Unrelated Party - - - - -
2. Statutory Reserve Requirement (GWM)
a. GWM Rupiah
i. Daily 8.33% 7.12% 8.47% 4.13% 3.88%
ii. Average 7.65% 8.81% 8.18% 3.71% 3.21%
b. Foreign Exchange GWM 4.38% 4.58% 4.45% 4.47% 4.36%
3. Net Open Position 4.66% 3.81% 2.15% 2.86% 6.42%
*) After restatement in accordance with DSAK-IAI press release on ‘Attribution of Benefits in the Service Period’.
Prime Lending Rate
The Prime Lending Rate (SBDK) aims to improve the implementation of good governance and encourage fair competition in the banking
industry, among others, by promoting better market discipline. Furthermore, the disclosure and publication of the SBDK is an attempt to
provide clarity to customers and facilitate their decision to weigh the benefits, costs, and risks of the credit offered.
SBDK is used as the basis to determine the lending rate that the Bank will charge to its customers. The calculation of the SBDK only
applies to loans denominated in Rupiah. SBDK does not take into account the estimated risk premium component, the amount of which
depends on the Bank’s assessment of the risk of each debtor or group of debtors. Therefore, the amount of credit interest charged to
debtors may differ from SBDK.
In determining the SBDK, the Bank takes into account 3 (three) components, namely the Cost of Funds for Credit (HPDK) arising from
customer fund raising activities, overhead costs incurred by the Bank in the form of non-interest operating costs incurred for fund
raising and lending activities, including tax costs that must be paid, and profit margin components set by the Bank in lending activities.
However, the calculation of the SBDK does not take into account the risk premium component of each customer. The estimated risk
premium is the Bank’s assessment of the prospects for credit repayment by prospective debtors. Maybank Indonesia has reported the
calculation of SBDK to Bank Indonesia and published 4 (four) types of loans in Rupiah, namely corporate loans, retail loans, micro loans,
and consumer loans (consisting of mortgages and non-mortgages) for the SBDK period of March, June, and September 2024.
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The Financial Services Authority has issued the most recent related regulation, namely POJK No. 13 of 2024 concerning Transparency
and Publication of Prime Lending Rates for Conventional Commercial Banks, replacing OJK Regulation Number POJK No. 37/
POJK.03/2019 concerning Transparency and Publication of Bank Reports and OJK Circular Letter Number 9/SEOJK.03/2020 concerning
Transparency and Publication of Conventional Commercial Bank Reports. Based on this regulation, Maybank Indonesia has adjusted the
Prime Lending Rate for the December 2024 period.
Maybank Indonesia periodically reviews the SBDK through the Assets & Liabilities Management Committee (ALCO) Meeting and has
published it through the Bank’s website (https://www.maybank.co.id/others/SBDK).
Information regarding Maybank Indonesia’s Prime Lending Rate (SBDK) report for the 2024 reporting period is as follows:
Prime Lending Rate by Credit Segmentation
Prime Lending Rate
Period
Corporation Credit Retail Credit Mortgage Non-Mortgage
March 8.00% 9.00% 8.00% 8.75%
June 8.15% 9.00% 8.10% 8.75%
September 8.15% 9.00% 8.10% 8.75%
Non MSME MSME Non-
Mortgage/
Period KPA
Mortgage/
Corporation Retail Medium Small Micro Non-KPA
December* 7.21% 8.57% 8.57% 8.57% N/A 8.53% 9.00%
* The Bank made adjustments to the Prime Lending Rate (SBDK) based on the Financial Services Authority Regulation No. 13 of 2024 concerning
Transparency and Publication of Prime Lending Rates for Conventional Commercial Banks.
Commitments and Contingencies
Maybank Indonesia is committed to providing customers with loan facilities and contingencies, including bank guarantees and standby
L/C. In 2024, the cumulative total of commitment liabilities and contingent liabilities amounted to Rp1.6 trillion and Rp3.1 trillion,
respectively. The Bank’s commitments and contingencies, as well as their comparison over the last two years, are detailed below:
(in billion Rupiah)
Growth
Commitments and Contingencies 2024 2023
Nominal Percentage
Commitments
Commitments Receivables
Others - 140 (140) (100%)
Total Commitment Receivables - 140 (140) (100%)
Commitment Liabilities
Unused loan commitments granted to customers 1,022 1,171 (149) (12.7%)
Outstanding irrevocable L/Cs 547 1,093 (546) (49.9%)
Others - 158 (158) (100%)
Total Commitment Liabilities 1,570 2,422 (852) (35.2%)
Contingencies
Contingent receivables
Guarantees received 27 14 13 87.8%
Total Contingent Receivables 27 14 13 87.8%
Contingent Liabilities
Guarantees issued in the form of:
Bank guarantees 2,121 1,686 435 25.8%
Standby L/Cs 932 94 838 892.7%
Total Contingent Liabilities 3,052 1,780 1,272 71.5%
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Earning Assets Quality Report and Other Information
(in million Rupiah)
Individual
No. Items 31 December 2024 (Audited) 31 December 2023 (Audited)
C SM S D L Total C SM S D L Total
I. Related Party
1. Placement with other banks
a. Rupiah - - - - - - - - - - - -
b. Foreign Exchange 178,409 - - - - 178,409 177,405 - - - - 177,405
2. Spot and Derivatives/Forward
Receivables
a. Rupiah 368,610 - - - - 368,610 201,596 - - - - 201,596
b. Foreign Exchange 78,013 - - - - 78,013 72,064 - - - - 72,064
3. Trading Securities
a. Rupiah 123,296 - - - - 123,296 150,949 - - - - 150,949
b. Foreign Exchange - - - - - - - - - - - -
4. Securities sold under
repurchase agreements (repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign Exchange - - - - - - - - - - - -
5. Securities purchased under
resale agreements (reverse
repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign Exchange - - - - - - - - - - - -
6. Acceptance Receivables - - - - - - - - - - - -
7. Loans and Financing
a. Micro, Small, and Medium
Enterpises (MSMEs)
Debtors
i. Rupiah 34,544 - - - - 34,544 20,250 - - - - 20,250
ii. Foreign Exchange - - - - - - - - - - - -
b. Non-Micro, Small, and
Medium Enterpises
(MSMEs) Debtors
i. Rupiah 345,817 - - - - 345,817 489,817 - - - 489,817
ii. Foreign Exchange - - - - - - - - - - - -
c. Credit Restructuring
i. Rupiah 15,344 - - - - 15,344 24,251 - - - - 24,251
ii. Foreign Exchange - - - - - - - - - - - -
8. Capital Investment 584,146 - - - - 584,146 584,146 - - - - 584,146
9. Other Receivables 15,176 - - - - 15,176 4,031 - - - - 4,031
10. Commitment and
Contingencies
a. Rupiah 443,880 - - - - 443,880 296,198 - - - 296,198
b. Foreign Exchange 6,828 - - - - 6,828 16,600 - - - - 16,600
II. Unrelated Party
1. Placement with other banks
a. Rupiah 47,740 - - - - 47,740 27,580 - - - - 27,580
b. Foreign Exchange 2,508,836 - - - - 2,508,836 2,009,866 - - - - 2,009,866
2. Spot and Derivatives/Forward
Receivables
a. Rupiah 900,781 - - - - 900,781 707,714 - - - - 707,714
b. Foreign Exchange 37,308 - - - - 37,308 519 - - - - 519
3. Trading Securities
a. Rupiah 23,837,735 - - - 23,837,735 26,914,816 - - - 26,914,816
b. Foreign Exchange 3,591,362 - - - - 3,591,362 3,116,052 - - - - 3,116,052
4. Securities sold under
repurchase agreements (repo)
a. Rupiah 14,469,530 - - - - 14,469,530 2,051,000 - - - - 2,051,000
b. Foreign Exchange - - - - - - - - - - - -
5. Securities purchased under
resale agreements (reverse
repo)
a. Rupiah 829,024 - - - - 829,024 2,329,696 - - - - 2,329,696
b. Foreign Exchange 9,399 - - - - 9,399 3,426 - - - - 3,426
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(in million Rupiah)
Individual
No. Items 31 December 2024 (Audited) 31 December 2023 (Audited)
C SM S D L Total C SM S D L Total
6. Acceptance Receivables 1,574,241 - - - - 1,574,241 786,695 - - - - 786,695
7. Loans and Financing
a. Micro, Small, and Medium
Enterpises (MSMEs)
Debtors
i. Rupiah 15,397,046 211,665 32,622 37,936 1,001,813 16,681,082 15,285,482 252,022 67,549 79,020 1,491,376 17,175,449
ii. Foreign Exchange 398,276 8,951 - - 2 407,229 662,230 11,347 - 1 6,115 679,693
b. Non-Micro, Small, and
Medium Enterpises
(MSMEs) Debtors
i. Rupiah 72,831,081 1,729,712 106,752 115,503 1,433,569 76,216,617 65,942,334 1,792,748 103,885 109,433 1,233,339 69,181,739
ii. Foreign Exchange 18,935,621 664,912 - - 366,353 19,966,886 13,932,110 902,309 - 2 - 14,834,421
c. Credit Restructuring
i. Rupiah 2,607,234 754,536 32,401 27,446 1,530,800 4,952,417 2,151,582 1,009,809 99,348 105,263 1,749,341 5,115,343
ii. Foreign Exchange 586,166 614,974 - - 366,353 1,567,493 640,113 913,655 - - - 1,553,768
8. Penyertaan modal / Capital 35,677 - - - - 35,677 8,289 - - - - 8,289
Investment
9. Other Receivables 1,111,729 13,334 21 4 32,736 1,157,824 1,095,831 19,556 5,620 25 27,535 1,148,567
10. Commitment and
Contingencies
a. Rupiah 40,316,739 77,818 - - 295 40,394,852 35,459,931 53,358 752 22 1,165 35,515,228
b. Foreign Exchange 68,689,938 - - - - 68,689,938 59,878,881 - - - - 59,878,881
III. OTHER INFORMATION
1. Total bank assets pledged: - -
a. To Bank Indonesia - -
b. To Other Party - -
2. Foreclosed assets 735,274 743,664
C: Curent, SM: Special Mention, S: Substandard, D: Doubtful, L: Loss
Other Material Information
Solvency
Maybank Indonesia evaluates its ability to meet both short-term and long-term obligations using various ratios, such as liquidity,
solvency, and profitability ratios. Maybank Indonesia is recognised for its strong debt repayment ability, as reflected in ratings from
national and international rating agencies.
The national rating agency, Pefindo, awarded Maybank Indonesia a corporate rating of idAAA with a Stable outlook. Additionally,
the Bank’s involvement as a participant in the insurance program at the Deposit Insurance Agency (LPS) further reinforces its debt
repayment ability.
Short-Term Debt Repayment Ability (Bank Liquidity)
Maybank Indonesia assesses its ability to meet short-term obligations using the liquidity ratio. One of the indicators of a healthy
liquidity ratio is the comparison between the amount of loans disbursed and the available funding, or Loan to Deposit Ratio (LDR).
Maybank Indonesia also uses the Liquidity Coverage Ratio (LCR), which compares High-Quality Liquid Assets (HQLA) with the estimated
total net cash outflow for the next 30 days in a crisis scenario. The regulator determines a minimum LCR of 100%, as outlined in POJK
No. 42/POJK.03/2015 concerning LCR.
In 2024, Maybank Indonesia’s LDR ratio reached 89.84% (Bank only), and the Liquidity Coverage Ratio (LCR) was 188.97% (Bank only).
The Bank also maintains the Net Stable Funding Ratio (NSFR) by increasing the stability of the Bank’s funding, which is adjusted for the
asset composition and administrative accounts. The NSFR ratio is calculated by comparing the amount of available stable funding to the
amount of stable funding required. In 2024, the Bank’s NSFR ratio reached 109,77% (Bank only), exceeding the regulatory minimum of
100% as determined by POJK No. 50/POJK.03/2017 concerning NSFR.
Overall, based on these ratios, Maybank Indonesia has met the criteria of “very liquid” in assessing the health level of banks.
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Long-Term Debt Repayment Ability (Solvency Ratio)
One of the key indicators for measuring the solvency ratio is the capital ratio. The Capital Adequacy Ratio (CAR) compares a bank’s
capital to its Risk-Weighted Assets (RWA).
Maybank Indonesia consistently ensures that its capital is sufficient to meet the regulatory requirements, covering loan risk, market risk,
and operational risk. In 2024, the Bank’s CAR ratio was recorded at 25.55%, significantly higher than the minimum CAR ratio required by
the regulator.
Profitability Ratio
Maybank Indonesia evaluates its profitability and performance efficiency through various financial ratios, including Return on Assets
(ROA), Return on Equity (ROE), Net Interest Margin (NIM), Cost to Income (CIR) ratio, and Operating Expense to Operating Income
(BOPO) ratio.
In 2024, Maybank Indonesia reported profitability ratios with an ROA of 0.85% and an ROE of 3.93%. The Net Interest Margin (NIM)
ratio was recorded at 4.37%, while the BOPO ratio was recorded at 89.56%.
Compliance Ratio
In 2024, Bank Indonesia implemented a combination of monetary, macroprudential, and payment system policies, as well as Rupiah
currency management, to ensure and maintain Rupiah stability. These policies are regularly evaluated in response to global and
domestic economic dynamics. The integrated policies involve monitoring several compliance ratios, including the Minimum Statutory
Reserve (GWM) ratio, the Legal Lending Limit (BMPK) ratio, and the Net Open Position (PDN) ratio.
In 2024, Maybank Indonesia successfully met the regulator’s BMPK ratio requirements, ensuring that there were no violations or
surpasses. The Bank also met the GWM and PDN ratios, as specified in the table in the main financial ratios section.
Loan Collectability Level and Earning Asset Quality Analysis
Maybank Indonesia strictly manages the quality of its earning assets, particularly loans, for each loan exposure. This has had a positive
impact on improving the Bank’s Non-Performing Loan (NPL) ratio. In 2024, Maybank Indonesia recorded a gross NPL ratio (Bank only)
of 2.88% and a net NPL ratio of 1.54%, showing improvement compared to the previous year, which were recorded at 3.17% and 2.06%,
respectively. On a consolidated basis, the gross NPL ratio was 2.68%, and the net NPL ratio was 1.42%, compared to the previous year’s
figures of 2.92% (gross) and 1.88% (net). In addition, the Loan at Risk (LaR) improved to 8.22% as of December 31, 2024, compared to
8.94% on December 31, 2023.
The Bank classifies the loan provided to customers based on its collectibility level, as follows:
(in Billion Rupiah)
Changes
Description 2024 2023 2022
2024-2023 2023-2022
Current 120,666 108,669 100,862 11,0% 7.7%
Special Mention 3,667 4,086 3,353 -10,3% 21.9%
Non-Performing 3,248 3,247 3,600 0,0% -9.8%
Total Non-performing Loan 6,915 7,333 6,954 -5,7% 5.5%
Total Loans - Gross 127,581 116,002 107,815 10,0% 7.6%
% of overdue amount to the loan amount provided—gross 5.4% 6.3% 6.4% -0.9% -0.1%
Maybank Indonesia remains committed to controlling loan risk to maintain the level of loan collectability. In 2024, the Bank’s gross non-
performing loans amounted to Rp6.9 trillion, representing 5.4% of total loans, a decrease from 6.3% in 2023.
Maybank Indonesia continues to closely monitor the loan portfolio’s quality and helps affected customers in managing their obligations.
The Bank proactively supports debtors, particularly those still impacted by the pandemic, by assessing their business conditions and
focusing on restructuring.
Restructured loans include those with extended terms and/or reduced interest rates. In 2024, the total amount of restructured loans
reached Rp6.5 trillion, a decrease of 2.4% or Rp158 billion compared to Rp6.7 trillion in 2023.
2024 Annual Report PT Bank Maybank Indonesia Tbk 201
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and Analysis
Capital Structure
Maintained Capital Structure
In compliance to OJK Regulation No. 11/POJK.03/2016 regarding Minimum Capital Adequacy Requirement for Commercial Banks and
OJK Regulation No. 34/POJK.03/2016 regarding changes on POJK No. 11/POJK.03/2016, Bank is required to provide a minimum capital in
accordance with the risk profile. The Bank’s minimum capital based on the current risk profile is 9% up to less than 10% of Risk Weighted
Assets (RWA). In addition to the minimum capital adequacy requirement in accordance with the risk profile, Bank is also obligated to
provide additional capitals as buffers with breakdown as follows: (i) Capital Conservation Buffer; (ii) Countercyclical Buffer; and/or
(iii) Capital Surcharge for Systemically Important Bank. For FY2024, the additional capital as buffer required are Capital Conservation
Buffer of 2.5%, Countercyclical Buffer of 0%, and Capital Surcharge for Systemically Important Bank of 1%. The Countercyclical Buffer
and Capital Surcharge for Systemically Important Bank requirement will be reviewed by Otoritas Jasa Keuangan twice a year. All of the
required additional capital as buffer must be fulfilled by Common Equity Tier 1 (CET 1).
As of 31 December 2024, the Capital Adequacy Ratio (CAR) for bank only stood at 23.65%, which is still well maintained above the
minimum capital requirement after incorporating the required additional capital as a buffer. In addition, Tier 1 ratio (currently the same
as the CET 1 ratio) was 24.39%, also still above the minimum requirement (Tier 1 of 6% and CET 1 of 4.5%), which indicates that the Bank
has the required capital reserves to absorb all identified risks and ensures the availability of sustainable capital to overcome all risks,
especially in the event of a financial and economic crisis that could disrupt financial system stability.
Bank planned to optimize its capital structure. As of 31 December 2024, the Bank’s capital structure consists of 95% equity and 5%
subordinated debt. Going forward, the Bank will constantly maintain its optimum capital structure in order to support the business
growth. In addition, Bank will also maintain sound and robust capital structure to establish more room for optimum business growth,
and at the same time maintaining prudent capital level and in compliance with the prevailing standards.
(in Billion Rupiah)
2024 2023
Capital
Individual Consolidated Individual Consolidated
Capital
Core Capital (Tier I) 23,664 28,879 23,766 28,582
Supplementary Capital (Tier II) 1,225 1,377 1,113 1,257
Total Capital 24,889 30,256 24,878 29,839
Risk Weighted Assets (RWA)
RWA for Loan Risk 89,925 102,154 81,016 92,585
RWA for Market Risk 5,638 5,618 3,719 3,709
RWA for Operational Risk 9,645 10,626 10,181 11,255
Total RWA 105,207 118,398 94,916 107,548
Capital Ratio
TIER 1 CAR 22.49% 24.39% 25.04% 26.57%
TIER 2 CAR 1.16% 1.16% 1.17% 1.17%
CAR Ratio 23.65% 25.55% 26.21% 27.74%
Management’s Policy on Capital Structure
The Bank’ management designed an optimal capital structure in the capital planning process and monitored its capital requirement on
a regular basis which supported by data analysis. The optimum capital structure will be constantly maintained to ensure a strong capital
level while at the same time provide sufficient room to support business growth.
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Capital requirement of the Bank is calculated using Capital Adequacy Ratio (CAR) tools, which reflects the capability to cover
anticipated loss risk borne by the Bank. The higher CAR indicates the higher capability of the bank to absorb risks from its loans or other
earning assets and to provide contribution to profitability.
Based on Risk Based Bank Rating (RBBR) assessment as of June 2024, the Bank’s risk profile stood at Low to Moderate (2) which implied
to minimum total capital of 9% up to less than 10% of Risk Weighted Assets (RWA). In addition, following POJK No. 34/POJK.03/2016
regarding changes on POJK No. 11/POJK.03/2016 regarding Minimum Capital Adequacy Requirement for Commercial Banks, the Bank
is required to set aside additional Capital as Buffers i.e. Capital Conservation Buffer of 2.5%, Countercyclical Capital Buffer of 0% and
Capital Surcharge for D-SIB buffer of 1%. Thus, the minimum total capital to be fulfilled for 2024 is 13.5% of RWA. Bank’s CAR (Bank
Only) after taking into account credit risk, market risk and operational risk factors as of 31 December 2024 was 23.65%, or still well
maintained above the minimum regulatory requirement..
The Basis of Management’s Policy Setting on Capital Structure
In managing its capital plan, the Bank is taking into consideration economic forecast, potential business growth, risk appetite, stress
test result and the targeted capital ratio. With these consideration in mind, the Bank will be able to manage through the economic cycle,
take advantage of business growth and strategic opportunities, maximize its shareholders return, and operate the business within risk
appetite and in compliance with prevailing regulations.
To accomplish this objective, Bank’s capital management policy is being set to ensure strong capital linkage with Bank’s business
strategy and future growth and also to ensure compliance with the regulation. In addition, Bank will continuously align its capital
management and financial adequacy to risk appetite in the capital planning process and Internal Capital Adequacy Assessment Process
(ICAAP).
Investment Property
As of December 31, 2024, Maybank Indonesia did not hold any property assets intended for investment purposes.
Material Commitments for Capital Goods Investment
As of the end of 2024, Maybank Indonesia did not have material commitments related to capital goods investment. Therefore,
information regarding the parties involved in these commitments, the purpose of the commitments, the source of funds intended to
fulfil them, the currency in which the commitments are denominated, and the action planned to mitigate risks associated with the
foreign currency position is not included in this Annual Report.
Capital Goods Investment Realised In The Last Fiscal Year
The Bank made capital goods investments primarily in land, buildings, computer hardware, ATM machines, motor vehicles, and software,
including licenses, all of which support the Bank’s operational activities and align with its ongoing business expansion.
In 2024, Maybank Indonesia invested Rp505 billion in capital goods, compared to Rp596 billion in the previous year. The majority of the
Bank’s investments were focused on infrastructure development, particularly in digital development, IT infrastructure modernisation,
and enhancing cyber resilience. Detailed information regarding capital goods investments in 2024 and 2023 is provided as follows:
(in Billion Rupiah)
Investment Value
No Types of Capital Expenditures Investment Objective
2024 2023
1 Land Offering future benefit values to support 6 4
or fulfil the operations needs in line with
2 Buildings, including renovation 48 33
sustainable business expansion
3 Office Equipment 261 337
4 Installations 34 22
5 Motor Vehicles 26 20
6 Software (intangible assets) 129 180
TOTAL 505 596
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and Analysis
Material Information and Facts Subsequent to the Accountant’s Report Date
Maybank Indonesia did not report any material information and facts that occurred after the date of the Accountant’s Report.
Comparison of Targets and Realisation 2024
Financial Targets and Realisation
Maybank Indonesia has established several targets for the 2024 financial year, as outlined in the bank’s business plan (RBB). The
comparison between the targets set and the actual realisation for the 2024 financial year is as follows:
No Description Target 2024* Realisation in 2024**
1 Deposits Rp121 trillion Rp119 trillion
2 CASA Rp63 trillion Rp63 trillion
3 Loans Rp111 trillion Rp114 trillion
4 Total Assets Rp170 trillion Rp183 trillion
5 LDR 87.51% 89.84%
6 NPL - gross 2.88% 2.88%
7 ROA 1.07% 0.54%
8 ROE 5.98% 3.05%
9 NIM 3.73% 3.34%
10 CIR 66.20% 73.87%
11 BOPO 85.31% 92.62%
12 CAR 22.80% 23.65%
* Bank Business Plan/RBB Target (Bank only)
** Performance Realisation (Bank only)
Projections 2025 to support its business growth in 2025. The preparation of
strategies conducted by the Bank is in line with the Corporate
Financial Projections Plan and the M25+ Uplift Indonesia Strategy, which aims to
Maybank Indonesia has established targets or projections for the strengthen Maybank Indonesia in providing innovative financial
2025 financial year as follows: services and the best experience for customers.
No Description Projections 2025* The Bank’s management has formulated both shor-term and
long-term business development strategies and continues to
1 Deposits Rp131 triliun carry out the transformation process to ensure sustainable
2 CASA Rp70 triliun business growth. The preparation of the Bank’s 2025 business
3 Loans Rp122 triliun plan was conducted by considering the improvement of the
transformation process followed by the development of new
4 Total Assets Rp191 triliun
initiatives, while observing the prospects for economic growth,
5 LDR 92.97%
market dynamics, and crucial factors that influence the Bank’s
6 NPL - gross 2.66% business development.
7 ROA 0.98%
8 ROE 5.56% The Bank’s business growth in 2025 will be driven by 4 business
9 NIM 3.51%
lines, namely Global Banking, Retail and Non-Retail CFS, as
well as Sharia Business Unit (SBU). These 4 (four) business
10 CIR 69.90%
lines are expected to make a significant contribution to
11 BOPO 87.27%
the achievement of the Bank’s 2025 business plan through
12 CAR 21.04% improving collaboration and synergy across business lines and
* Bank Business Plan/RBB Target (Bank only) entities, focusing on increasing new customer acquisition,
and deepening and expanding the Bank’s existing customer
In relation to the projections of global and domestic economic base. The implementation of initiatives is also supported by
growth and internal reviews related to Risk Posture and Market Enablers (support unit) to ensure the availability of adequate
Sizing, the Bank has prepared strategic focuses and initiatives infrastructure, thus enabling the business to grow rapidly.
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Dividend Distribution Policy
Dividend Policy
Dividends represent a form of profit distribution to shareholders based on the net income earned during the respective financial year
(after deducting allocations for reserves). A dividend may only be distributed if the company has a profit, which is the net income of the
respective fiscal year after deducting the accumulated losses from previous fiscal years.
The bank distributes dividends in accordance with the prevailing regulations in Indonesia, particularly those related to the capital
market, stock exchange, taxation, and banking. Dividend distribution must be approved by shareholders in the General Meeting of
Shareholders (GMS).
In accordance with the Financial Services Authority Regulation of the Republic of Indonesia No. 17 of 2023 on the Implementation
of Governance for Commercial Banks and to enhance the management of shareholders’ rights in dividend distribution, the Bank has
established an internal policy on dividend distribution. This policy is outlined in the Board of Directors (BOD) Regulation No. PER.
DIR.2024.001/DIR COMPLIANCE regarding the “Guidelines for the Process and Mechanism of Corporate Dividend Payment to
Shareholders.” This internal policy is to ensure that the Bank’s dividend distribution to shareholders is carried out in compliance with
applicable laws and regulations while adhering to good corporate governance principles and protecting the Bank’s interests. The BOD
Regulation provides implementation guidelines for relevant work units involved in the Bank’s dividend distribution, aiming to facilitate a
more effective, accountable, organized, and timely process while ensuring compliance with prevailing regulations.
The BOD Regulation No. PER.DIR.2024.001/DIR COMPLIANCE regarding the “Guidelines for the Process and Mechanism of Corporate
Dividend Payment to Shareholders” has been communicated to shareholders and is available on the Bank’s website.
Dividends for Financial Year 2021
In accordance with the decision of the Annual General Meeting held on March 25, 2022, the Bank distributed dividends for the 2021
fiscal year. From the net profit of the Bank for the 2021 fiscal year amounting to Rp1,644,969,584,617, Rp6,47496 (six rupiah, four seven
four nine six cents) per share, or 30% of the net profit with a total maximum of Rp493,490,875,385 was distributed as dividends to
shareholders.
Dividends for Financial Year 2022
In line with the decision made at the AGMS held on 31 March 2023, the Bank has paid dividends for financial year 2022. Of total net
profits of Rp1,471,070,391,742,- for financial year 2022, a dividend of Rp7.72061,- (seven rupiah point seven two zero six one cents) per
share or 40% of the maximum total net profit with the amount of Rp588,428,156,697,- was paid to the shareholders.
Dividends for Financial Year 2023
In line with the decision made at the AGMS held on 1 April 2024, the Bank paid dividends for financial year 2023. Of total net profits of
Rp1,743,406,226,869,- for financial year 2023, as a dividend of Rp10.29365,- (ten rupiah point two nine three six five cents) per share or
45% of the maximum total net profit with the amount of Rp784,532,802,091,- was paid to the shareholders.
Dividends for Financial Year 2024
The decision to determine the distribution of dividends from the Bank’s net profit for the Financial Year 2024 will be submitted at the
2025 Annual GMS.
Below is the detailed information regarding the dividend payments made by the Bank over the past five financial years:
% NET Dividend per Share Total Dividend Announcement
Fiscal Year AGMS Date Payment Date
PROFIT (In Rp Full Amount) Payment (Rp billion) Date
2024 The decision on the distribution of dividends from the Bank’s net profit for the financial year 2024 will be made at the 2025 Annual
GMS
2023 April 1, 2024 45% 10,29365 784,5 April 2, 2024 April 30, 2024
2022 March 31, 2023 40% 7,72061 1.471,1 April 3, 2023 April 28, 2023
2021 March 25, 2022 30% 6,47496 493,5 March 29, 2022 April 28, 2022
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and Analysis
Employee and/or Management Stock Expansion
Ownership Program (ESOP/MSOP) In 2024, Maybank Indonesia did not undertake any expansion
As of the end of 2024, Maybank Indonesia did not have a activities; therefore, information related to the objectives,
stock option program for the Board of Directors, Board of transaction values, and sources of funds for expansion activities
Commissioners, or employees. Therefore, the Bank does not is not provided.
provide information regarding the number of ESOP/MSOP
shares, their realisation, the time period, the requirements for Divestment
employees and/or management who are eligible, and the exercise Maybank Indonesia did not engage in any divestment activities
price. in 2024; therefore, detailed information related to the objectives,
transaction value, and funding sources for divestment activities
Realisation of the Use of Proceeds from is not provided.
Public Offering
In 2024, Maybank Indonesia did not issue any securities. Acquisition
In 2024, Maybank Indonesia did not pursue any acquisition
Significant Changes in the Bank and the activities, therefore, information related to the objectives,
Bank Business Groups in 2024 transaction value, or funding sources for acquisition activities is
Throughout 2024, there were no significant changes in the Bank not provided.
or its Business Group.
Restructuring
Significant Prohibition, Restrictions, and There were no debt or capital restructuring activities in 2024.
Constraint to Transfer Funds Between the As a result, Maybank Indonesia does not provide information
Bank and Other Entities in tThe Business regarding the objectives, transaction value, or funding sources
Group for restructuring activities.
In 2024, Maybank Indonesia did not record any significant
prohibitions, restrictions, or constraints in transferring funds Material Transactions Containing
between the bank and other entities within the business group. Conflicts of Interest and Transactions with
Affiliated/Related Parties
Provision of Funds, Commitments, and
Other Facilities Transactions Containing Conflicts of Interest
In accordance with the Bank’s internal policy on providing funds In 2024, Maybank Indonesia did not engage in any transactions
to related parties (individuals or groups, including Executive involving conflicts of interest. As a result, the Bank does not
Officers, Board of Directors, and Board of Commissioners provide information on the names of the parties involved, the
of the Bank), such transactions have been conducted fairly, nature of their affiliation, explanations regarding the fairness of
with reasonable terms, and with the approval of the Board of the transaction, the reasons for the transaction, the realisation of
Commissioners. Details regarding transactions involving the transactions during the last financial year, Company policies on
provision of funds to related parties are discussed under Material the transaction review mechanism, or compliance with relevant
Transactions with Conflict of Interest and Transactions with regulations and provisions.
Affiliated/Related Parties.
During 2024, Maybank Indonesia conducted Affiliate
Other Important Transactions in Transactions that complied with the requirements of Financial
Significant Amounts Services Authority Regulation No. 42/POJK.04/2020 concerning
Throughout 2024, Maybank Indonesia did not conduct any Affiliate Transactions and Conflict of Interest Transactions
other substantial transactions involving significant amounts, (“POJK 42”). These Affiliate Transactions were carried out in line
aside from those explained in this Analysis and Management with the provisions of POJK 42, including the application of the
Discussion section. “arms’ length” principle and the implementation of procedures
to ensure that the transactions adhered to generally accepted
business practices and met fairness principles.
Material Transactions Related to
Investment, Expansion, Divestment, In accordance with POJK 42, not all Affiliate Transactions are
Acquisition, and Restructuring required to be reported to the Financial Services Authority
(“OJK”) and the Indonesia Stock Exchange (“BEI”) if they do
Investment not meet the reporting criteria determined by OJK and BEI.
In 2024, Maybank Indonesia did not engage in any investment Throughout 2024, all Affiliate Transactions conducted by
activities; therefore, information related to the objectives, Maybank Indonesia did not involve Conflicts of Interest as
transaction values, and sources of funds for investment activities defined under Financial Services Authority Regulation No. 42/
is not provided. POJK.04/2020 concerning “Affiliate Transactions and Conflict of
Interest Transactions.”
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Transactions with Affiliated or Related Parties
In 2024, Maybank Indonesia conducted transactions with related parties because the entities are under the same control and/or
management. In these affiliated/related transactions, the Board of Commissioners and the Audit Committee play critical roles in
ensuring that the transactions adhere to the arm’s length principle. Furthermore, the Board of Directors ensures that all transactions
follow proper procedures and adhere to generally accepted business practices.
The Bank and its subsidiaries conduct transactions with related parties in accordance with the provisions of Statement of Financial
Accounting Standards (PSAK) No. 7 regarding “Related Party Disclosures.” The types of transactions and balances with related parties,
including whether or not they are conducted under the same terms and conditions as those with unrelated parties, are disclosed in the
notes to the consolidated financial statements.
Fairness, Review Mechanism, and Compliance with Provision and Regulations on Transactions with Affiliated
Parties
Transactions with related parties are conducted under the same terms and conditions as those with third parties, with the exception
of loans made to key management personnel. Maybank Indonesia’s affiliate transactions comply with the requirements outlined in
Financial Services Authority Regulation No. 42/POJK.04/2020 regarding Affiliate Transactions and Conflict of Interest Transactions at
the time the transactions are conducted. As part of its regular business activities, the Bank conducts transactions with related parties
due to ownership and/or management relationships. All related party transactions follow mutually agreed-upon policies and terms and
conditions.
Reason Behind Transaction With Related Parties
Transactions with related parties are mainly conducted to support the benefit and continuity of the Bank’s operations and are associated
with the lending and borrowing of funds as part of regular business activities.
Value of Related Party Transactions
In the event a transaction occurs with an affiliate/related party, the Bank provides details such as the name of the party, the relationship,
the nature, and the value of the transaction, as outlined in the information table below. In 2024, the total value of related party
transactions on the asset side was Rp957 billion, while on the liability side, it was Rp4.0 trillion.
The following details provide information regarding related parties with Maybank Indonesia and the nature of the transactions
conducted in 2024:
Nature of
Related Party Nature of Transaction
Relationship
Board of Commissioners, Board of Key management Loans and Sharia receivables/financing, customer deposits, accrued expenses and
Directors, and Executive Officer personnel other liabilities, interest income, interest expenses, and personnel expenses.
Malayan Banking Berhad Ultimate shareholder Current accounts with other banks, derivative receivables, prepaid expenses and
other assets, deposits from other banks, derivative liabilities, acceptance liabilities,
securities issued, accrued expenses and other liabilities, subordinated bonds,
interest income, interest expense, and bank guarantees.
Sorak Financial Holdings Pte. Ltd. Shareholder Deposits from customers, Interest expenses
Maybank Offshore Corporate Services Shareholder Deposits from customers, Interest expenses
(Labuan) Sdn. Bhd.
PT Maybank Sekuritas Indonesia Owned by the same Loans from Sharia receivables/financing, equity investments, derivative receivables,
ultimate shareholder prepaid expenses and other assets, customer deposits, derivative liabilities, interest
income, and interest expenses.
MIB Securities India (D/H Kim Eng Owned by the same Deposits from customers, Interest expenses
Securities India Pvt. Ltd.) ultimate shareholder
PT Maybank Asset Management Owned by the same Deposits from customers, Interest expenses
ultimate shareholder
UBS AG *) Shareholder Interest income
MBB Labs Private Limited Owned by the same Deposits from customers, Interest expenses
ultimate shareholder
PT Asuransi Etiqa Internasional Owned by the same Loans from Sharia receivables/financing, customer deposits, interest income, and
Indonesia ultimate shareholder interest expenses.
Maybank Singapore Limited Owned by the same Deposits from other banks, Interest charges
ultimate shareholder
*) Since December 8, 2023, UBS AG was no longer Bank’s related party
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and Analysis
(In million Rupiah)
Description 2024 2023
Assets
Current accounts with other banks 61 97
Financial investments 160 160
Derivative receivables 447 274
Loans and Sharia receivables/financing 143 251
Prepaid expenses and other assets 146 109
Affiliated party transactions for assets 957 891
Liabilities
Obligations due immediately 1 2
Customer deposits 404 408
Deposits from other banks 2,915 1,439
Derivative liabilities 508 253
Acceptance liabilities 56 0,5
Securities issued 52 76
Accrued expenses and other liabilities 6 2
Subordinated bonds 99 99
Affiliated party transactions for liabilities 4,042 2,279
Changes in Laws and Regulations that Have a Significant Impact on Banks
Legislation Impact on Maybank Impact on Financial
No Changes and Explanations
(BI, OJK, BEI) Indonesia Statements
Bank Indonesia Regulation (“PBI”) / Bank Indonesia Board of Governors Regulation (“PADG”)
1. PBI Number 2 of 2024 The regulatory framework of PBI and PADG The Bank makes adjustments No impact on Financial
and PADG Number 24 Information System Security and Cyber Resilience to internal policies and Statements.
of 2024 concerning (hereinafter referred to as KKS) includes 3 pillars, submits reports to Bank
Information System namely: Indonesia as a result of the
Security and Cyber 1. Governance which includes KKS Strategy and issuance of this regulation.
Resilience for Payment Policy and KKS Culture
System Providers, 2. Prevention which includes Identification,
Money Market and Protection, and Detection
Foreign Exchange 3. Handling which includes Response and Recovery
Market Participants, These three pillars are supported by the following
as well as Other foundations:
Parties Regulated and 1. Direct and indirect supervision by Bank
Supervised by Bank Indonesia
Indonesia 2. Collaboration with other parties to strengthen
KKS in preventing and handling cyber incidents.
There is an obligation for the Bank to submit an
annual report to Bank Indonesia regarding KKS.
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Legislation Impact on Maybank Impact on Financial
No Changes and Explanations
(BI, OJK, BEI) Indonesia Statements
2. Bank Indonesia PBI and PADG Alternative Dispute Resolution Banks are required to No impact on Financial
Regulation (PBI) Institution within the Financial Sector regulate register as members of Statements.
Number 3 of 2024 that Consumers can submit complaints to Bank LAPS-SK.
concerning Alternative Indonesia, disputes to institutions or dispute
Dispute Resolution resolution bodies or disputes to the Court. In
Institution within handling complaints submitted by Consumers,
the Financial Sector Banks are required to become members of
and Regulation of the alternative dispute resolution institution within the
Board of Governors financial sector.
(PADG) Number 18 Banks are required to become members of LAPS-SK
of 2024 concerning and Banks are also required to:
Implementing a. pay membership fees in accordance with LAPS-
Regulations for SK regulations;
Alternative Dispute b. implement agreements and decisions of LAPS-
Resolution Institution SK; and
in the Financial Sector. c. publish LAPS-SK through websites or other
media officially managed by the Organiser.
Financial Services Authority Regulation (“POJK”)/Financial Services Authority Circular Letter (“SEOJK”)
1. POJK Number Banks are required to strengthen governance in 1. The Bank identifies No impact on Financial
2 of 2024 and fulfiling sharia principles in the Bank's business and and adjusts the current Statements.
SEOJK Number 15/ operational activities, including through: internal provisions,
SEOJK.03/2024 1. Regulations regarding the sharia governance including adjustments
concerning the framework and strengthening the authority, to the Articles of
Implementation of structure, and function of the third party funds Association, guidelines
Sharia Governance and the function of sharia risk management. for the Bank's internal
for Sharia Commercial 2. Submission of Reports on the Implementation of policies, and the Sharia
Banks and Sharia Sharia Governance and Self-Assessment of the Supervisory Board
Business Units Implementation of Sharia Governance charter.
2. The Bank prepares the
Sharia Governance
Implementation Report
and Self-Assessment
of Governance
Implementation.
2. Financial Services Banks are required to prepare and implement anti- The Bank prepares and No impact on Financial
Authority Regulation fraud strategies, including reporting obligations for: carries out reporting Statements.
(POJK) Number 12 of a. Anti-Fraud Strategy, which must be reported no obligations, and there are
2024 concerning the later than 3 (three) months from the enactment sanctions imposed on the
Implementation of of this POJK. violation of provision.
Anti-Fraud Strategies b. Reports or corrections to the Anti-Fraud Strategy
for Financial Services implementation report, which are reported
Institutions every semester for the positions at the end of
June and the end of December, no later than the
31st of the following month after the end of the
reporting month.
c. Reports of Fraud incidents with significant
impacts, which are reported no later than 3
(three) working days after the occurrence of
Fraud with significant impacts is detected.
3. Financial Services There is an addition of the Prime Lending Rate Addition of components No impact on Financial
Authority Regulation (SBDK) Details Report component to the OJK, in the prime lending rate Statements.
(POJK) Number 13 namely SBDK, SBK, and weighted average calculation reported to the
of 2024 concerning SBK realisation. As well as the added credit OJK.
Transparency and segmentation, namely medium, small, KPA, and
Publication of Basic non-KPA. There are administrative
Credit Interest Rates There is an explanation of the procedure for sanctions and fines for
for Conventional submitting reports with the addition of channels for violating these provisions.
Commercial Banks submitting digital SBDK Publication Reports and/or
electronic media.
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and Analysis
Legislation Impact on Maybank Impact on Financial
No Changes and Explanations
(BI, OJK, BEI) Indonesia Statements
4. Financial Services 1. OJK requires the establishment of an 1. Appoint PIKK Director Prepare consolidated
Authority Operational or Non-Operational Financial to oversee the function financial statements which
Regulation (POJK) Conglomerate Holding Company (PIKK) for each or management unit of include subsidiaries and
Number 30 of 2024 Financial Conglomerate group that meets the Financial Conglomerate. sister companies as set out
concerning Financial criteria set out in accordance with the provisions 2. Prepare the structure of in these provisions.
Conglomerates of this POJK. Financial Conglomerate,
and Financial 2. Require PIKK to have control over conglomerate including ownership
Conglomerate Holding members. If share ownership restructuring is adjustment to show
Companies needed, the realisation of the plan is carried out control over Financial
within 1 (one) year. Conglomerate.
3. Consolidate financial reporting with all members 3. Adjust short-term and
of the financial conglomerate (subsidiaries and long-term corporate
related companies). plans.
4. Appoint the Board of Directors and members of 4. Submit the structure of
the PIKK Board of Commissioners and prepare Financial Conglomerate
the structure of the Financial Conglomerate. to OJK to obtain OJK
5. Submit documents for approval for the approval.
establishment of PIKK to OJK no later than 6
(six) months since the regulation comes into
effect (December 23, 2024).
6. Carry out duties and responsibilities as PIKK
as stipulated in these provisions, including
preparing a strategic plan for the Financial
Conglomerate for a period of 5 (five) years in
the form of a corporate plan for the Financial
Conglomerate, in line with the preparation of
business plans from members of the Financial
Conglomerate group.
5. Financial Services This POJK requires banks to have a financial There are administrative The process of financial
Authority Regulation reporting process with integrity by: sanctions and fines for reporting with integrity
Number 15 of 2024 1. Preparing, determining, and ensuring the violating these provisions. ensures that financial
concerning the implementation of internal control policies and information and financial
Integrity of Bank procedures in the financial reporting process, no reports:
Financial Reporting later than 3 (three) months from the date this a. are as they are and do
POJK is enacted; not contain material
2. Establishing a special work unit or appointing misstatements;
an executive officer who is responsible for b. represent information
preventing fraud or manipulation in financial that is neutral or free
information and/or financial statements, no later from bias; and
than 6 (six) months from the date this POJK is c. can be accessed by
enacted. various parties who need
financial information and
financial statements, and
have included all relevant
information.
6 Financial Services It is regulated regarding the Bank's obligation to: Making adjustments to the No impact on Financial
Authority Regulation • establish internal procedures regarding the current internal provisions Statements.
Number 44 of 2024 disclosure of Bank Secrecy. to comply with POJK No. 44
concerning Bank • carry out requests for the disclosure of Bank of 2024 concerning Bank
Secrecy Secrecy in accordance with written permission Secrecy.
from the Financial Services Authority.
• provide information to the curator or
liquidator regarding Customer Deposits and/or
Investments related to the implementation of
bankruptcy or liquidation.
• provide Bank Secrecy to parties appointed by the
Depositor or Investor Customer.
• provide Bank Secrecy to legal heirs.
• provide Bank Secrecy information to Bank
Indonesia for the purpose of conducting tasks
in the fields of monetary, macroprudential, and
payment systems.
• provide Bank Secrecy information to the Deposit
Insurance Agency.
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Legislation Impact on Maybank Impact on Financial
No Changes and Explanations
(BI, OJK, BEI) Indonesia Statements
Other regulations:
1 Indonesia Deposit Adjustment of reporting obligations: There are sanctions No impact on Financial
Insurance Corporation • detailed SCV data per Customer must be imposed for violating these Statements.
Regulation Number submitted no later than July 10 for the position at provisions.
4 of 2024 concerning the end of June and January 10 of the following
Reporting of Deposit year for the position at the end of December;
Insurance Data Based • SCV data per Customer and summary SCV data
on Bank Customers per Bank must be submitted no later than the
10th of the following month; and
• maintain the reporting data for 5 (five) years.
2. Indonesia Deposit Additional Periodic Reports that are mandatory are: There are sanctions imposed No impact on Financial
Insurance Corporation 1. Report on the results of the Bank's self- for periodic report late Reports
Regulation assessment of its compliance with the Bank's submission.
Number 3 of 2024 obligations (there are no regulations regarding
concerning Reports of the format and procedures for submitting
Participating Banks in reports due on June 30, 2025 and reported every
the Deposit Insurance 2 years).
Agency
Resolution plan (further procedures are stated in
the Indonesian Deposit Insurance Corporation
Regulation No. 2 of 2024)
Changes in Accounting Policies
The Financial Accounting Standards Board of the Institute of Indonesia of Chartered Accountants (“DSAK-IAI”) revised several
accounting standards that were effective on January 1, 2024, including changes in accounting policies that have no impact and those that
have an impact that have been implemented by the Bank in 2024. Changes in PSAK and ISAK that occurred in 2024 have no impact on
the amounts reported in Maybank Indonesia’s consolidated financial statements.
Changes in accounting policies have been adopted in information presented outside the financial statements and have been checked in
the financial statements. Changes in accounting policies and their impact on Maybank Indonesia’s financial statements are as follows:
Amendment of Changes Impact on Maybank Indonesia's Financial
No Summary of Changes
in Accounting Policy Statements
1. Amendment to PSAK 116 The amendments to PSAK 116, 'Leases' include the There are no substantial changes to the
“Leases” - Lease Liabilities requirements for sale and leaseback transactions in PSAK 116 accounting policies of the Bank and its
in a Sale and Leaseback that explain how entities account for sales and leasebacks subsidiaries; and there is no material impact
Transactions after the transaction date. Sale and leaseback transactions on the amounts reported for the current or
where some or all of the lease payments are variable lease prior years.
payments that are not dependent on an index or interest
rate are likely to be impacted.
2. Amendment to PSAK 201 The amendments to PSAK 201, ‘Presentation of Financial There are no substantial changes to the
“Presentation of Financial Statements’, clarify how the conditions that an entity must accounting policies of the Bank and its
Statements” - Long-Term comply with within twelve months after the reporting period subsidiaries; and there is no material impact
Liabilities with Covenants affect the classification of liabilities. on the amounts reported for the current or
prior years.
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Compliance As Taxpayers
Maybank Indonesia always fulfils its tax obligations for state financing, social development, and domestic economic progress.
Information regarding taxes paid by the Bank to the Government of the Republic of Indonesia in 2024 and 2023 is as follows:
(In billion Rupiah)
Total
No Description
2024 2023
1 Corporate Income Tax 41 414
2 Employee Income Tax Article 21 379 327
3 Income Tax Article 4(2) 899 696
4 Income Tax Article 23/26 186 31
5 VAT 36 32
Marketing Aspects Marketing Strategy
Maybank Indonesia can achieve business objectives more
Analysis of Market Segments and Competitive effectively by understanding the market and responding to
Conditions changes with the right marketing strategy. For this reason, the
As part of an effective business strategy, Maybank Indonesia implementation of a marketing strategy plays an important role
regularly conducts in-depth evaluations of the market segments in shaping the Bank’s image, attracting potential customers,
it serves and closely monitors the tight compe-tition in the and establishing a strong market share. Additionally, the
industry. Domestic economic growth and the increasing number implementation of an effecti-ve marketing strategy can also
of middle-class community groups can have a positive impact on help the Bank to remain competitive in a challenging market and
economic activities and the ban-king industry. promote growth, foster trust, and improve customer satisfaction.
In 2024, banking liquidity remained adequate, thus strengthening In general, Maybank Indonesia’s marketing strategy in 2024 was
lending capacity, and banking intermediation continued to to continue to refine the implementation of one of the M25+
improve. Banking resilience remained intact, as evidenced by pillars, namely Uplift Indonesia, to increase and en-courage
strong capitalisation and low credit risk. Furthermore, digital Maybank’s growth in the Indonesian market share. Increasing
economic and financial transactions continued to perform well, market share is done by strengthening Maybank’s brand equity
supported by a secure, smooth, and reliable payment system. through a brand awareness campaign supported by marketing a
Such market developments also have an impact on the Bank’s series of Product and Service solutions developed with a focus on
performance. As a result, Maybank Indonesia consistently up- customer centricity.
dates its strategies and policies in order to continue to provide
banking service solutions that are appropriate and relevant to Maybank Indonesia also develops a series of solutions with a
customer needs and segments. focus on strengthening digital platforms, Sharia-based financial
manage-ment options, and One Maybank service in-tegration
With an understanding of market segments and competitive to assist customers and communities in realising their dreams
conditions in the banking in-dustry, Maybank Indonesia remains and full potential. In 2024, Maybank once again organised the
discipli-ned in implementing cost management polici-es at annual Maybank Marathon 2024 in Bali, which was the first and
all organisation levels and within its bu-siness activities to only marathon event to receive the ‘Elite’ Label Road Race from
ensure that every cost incurred contributes to the sustainable World Athletics in Indonesia. For Maybank Indonesia, sports
improvement of the Bank’s revenue. Moreover, Maybank are a platform to stand up for a change in economic and social
Indonesia continues to leverage various opportunities by impacts. Maybank Indonesia in collaboration with Ma-ybank
providing innovative banking products and services that are Group launched the Maybank Cycling Series Il Festino in May
tailored to the needs and target mar-ket. 2024 in Yogyakarta.
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Marketing Campaign Maybank Indonesia also pays great attention to the development
Part of Maybank Group’s strategy through M25+ is to make of local SME businesses in Indonesia. Through collaboration
Sharia Banking products and solutions the main products with events such as Lala Market, which targets the Young
offered to customers (Shariah First Strategy); thus, in 2024 Professional and Young Family segments, Maybank Indonesia,
Maybank Indonesia continued the communication and marketing as the main sponsor, creates an ecosystem that is be-neficial for
campaign for Shariah Wealth Management services based on 5 both merchants who have opened Maybank business accounts
pillars, namely Wealth Creation, Wealth Accumulation, Wealth and for custo-mers to enjoy various lifestyle merchants. In
Preservation, Wealth Purification, and Wealth Distribution. addition, Maybank Indonesia also launched Maybank eBiz MAXI,
Custo-mers who use Shariah Wealth Management services, are an easy and convenient financing solution for businesses, in the
expected to find Sharia-based financial solutions to manage form of working capital, investment, or trade/finance/forex up
their wealth, resulting in financial, social, and spiritual be-nefits, to Rp80 billion, and a tenor of up to 15 years. The Maybank eBiz
as well as peace in their current and future lives. With the aim MAXI campaign was conducted comprehensively with the aim of
of educating con-sumers, the Bank organised talk shows and introducing this financing product to prospective customers, so
workshops, as integrated marketing communications activities that they consider and then apply for Maybank eBiz MAXI as a
using channels such as national private television, leading radio solution to develop their business. Most of the campaigns were
net-works, digital advertising, exposure on social media, and car-ried out through digital platforms, such as META, LinkedIn,
event activation in big cities, as well as collaborating with Islamic and programmatic. To build and maintain communication
Scho-lars/Ulama and influential Al-Quran Tafsir Fi-gures in the and engage-ment with Small and Medium Enterprises (SMEs)
Indonesian Muslim community. customers, Maybank Indonesia also provides education through
content related to SME businesses that can be a source of in-
Furthermore, Maybank Indonesia also ac-tively and consistently spiration and knowledge for SME entrepre-neurs in Indonesia.
communicates the M2U ID App and all its advantages, with the Additionally, to further demonstrate its commitment to the
goal of making the Maybank M2U ID App the first choice for SME bu-siness and strengthen its presence in this ecosystem,
conducting financial transac-tions, managing finances, opening Maybank Indonesia became an official bank partner at the
savings products, monitoring expenses and investing. The 2024 Manufac-turing Series Exhibition event at the Jakarta
campaign using the television advertising format is carried out International Expo Kemayoran.
through widely distributed media channels such as televisi-on,
radio networks, social media, digital platforms, and outdoor Marketing Programs
media (billboards). These media channels were chosen to target In order to raise Maybank Indonesia’s brand awareness, sports
the Young Professional and Young Family segments in the Mass programs such as the Maybank Marathon and Maybank Cycling
Banking customer base, resulting in increased brand awaren- Series make Maybank Indonesia a bank that supports and
ess and consideration in these segments. In addition, Maybank facilitates a healthy lifestyle through international competitions.
Indonesia also actively enhances the knowledge of prospective Maybank Indonesia maintains its position as the top of mind
customers about the benefits and features of the M2U ID App for prestigious sports activities for cyc-lists and marathon
through articles, social me-dia and advertisements that appear enthusiasts by conducting a series of promotional activities
on Kum-paran and CNBC digital media. through digital channels, influencer involvement, and also offline
activations that are close and relevant to the community.
Collaborating with Manchester United, a giant English football Maybank Indonesia consistently conducts communication and
club, Maybank launched the Maybank Manchester United marketing campaigns for its excellent services and products,
Credit Card in May 2024. The launch event was attended such as Maybank Shariah Wealth Management, M2U ID App,
by football legend Ryan Giggs, whose presence had been Maybank Manchester United Credit Card, and Maybank eBiz
awaited by the media and football fan communities in Jakarta MAXI. Campaigns are carried out on various channels that are
and its surroundings. At the event, Maybank Indo-nesia also relevant to the target market of each product, such as digital
presented celebrity football fans, Ibnu Jamil and Mario Delano, platforms, social media, bill-boards, radio, television, as well as
who interacted with the visitors who attended and promoted offline activations in major cities in Indonesia.
the benefits of having a Maybank Manches-ter United Credit
Card. After the event, Maybank Indonesia continued its
communication and marketing campaign on social media to
inform the benefits and features of the card among Manchester
United fans and football fans in general. Moreover, Maybank
Indone-sia also provided a special opportunity to watch a
Manchester United match live at Old Trafford for customers with
the largest credit card usage during the program period, and get
Manchester United merchandise prizes such as a Manchester
United jersey signed by Manchester United players.
2024 Annual Report PT Bank Maybank Indonesia Tbk 213
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Main Highlights Management Report Company Profile Management Discussion
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Market Share of the community, and building financial resilience. For
Maybank Indonesia constantly strives to de-velop and implement Maybank Indonesia, sports are not just events, but also a
the right marketing and product offering strategies in order platform to fight for change in economic and social impacts.
to provide banking service solutions that suit customer needs 2. The marketing strategy for Products and Services aims to
through the development of superior products and services. improve and refine the delivery of solutions that align with
In 2024, Maybank Indonesia maintained its market share in customers’ needs across a variety of products and services,
the industry, with the Bank’s market share in as-sets reaching such as:
1.6%, as well as 1.6% and 1.3% in credit and third party funds, a. Continuing the positioning of SME Digital Loan and
respectively. Detailed information regarding the Bank’s market Beyond Banking Features to integrate a sustainable
share in terms of assets, credit, and third party funds towards ecosystem between merchants/MSMEs and buyers while
the growth of the Indonesian banking industry can be seen in providing a convenient and straightforward trading
the 2024 Macroeconomic Re-view section, especially regarding platform for both customers and partner merchants.
Maybank Indonesia’s position in the Indonesian Ban-king b. Providing a more comprehensive and attractive offering
Industry. for Premium Customers to support them in growing their
assets and receiving more personalised services.
Marketing Plan and Strategy 2025 c. Continuing the acceleration of the “Shariah First”
In 2025, Maybank Indonesia will continue to accelerate market strategy by advancing the campaign for Shariah-
expansion by maintaining a micro-segmentation approach and compliant flagship products, namely Shariah Wealth
prioritising tailored solutions to meet the specific needs of each Management and Hajj Savings, to cater to customers
segment. Meanwhile, the hyperpersonalisation approach is being need for a financial journey that is aligned with their
implemented to increase customer activity by ensuring that the faith.
solutions offered are increasingly tailored to customers’ needs d. The launch of the Maybank White Card through the
and lifestyles. M2U ID App, offering flexible reward categories, while
also continuing the promotion of Maybank Credit Cards
The strategic plan related to Maybank Indonesia’s branding tailored to various customer lifestyles, including the
in the future, with the aim of strengthening Brand Equity and BMW Maybank Credit Card, the Maybank Manchester
accelerating penetration growth in the Indonesian market, will United Credit Card, the Maybank Fitness First Credit
be divided into two main pillars, namely: Card, and others.
1. Strengthening the narrative of Humanising Financial Services e. Strengthening the marketing of the M2U ID App as
values and missions, to be carried out through a Brand a flagship digital product that reaches all segments,
campaign aiming at massively increasing Brand Awareness, especially the Young Professional and Young Family,
supported by ‘Leadership Profiling’ using award assets which incorporates innovative features such as
received by the Maybank Group, strengthening Maybank Secondary Bond, White Card, and Digital Wealth. In
Indonesia’s standing as an integral part of the Maybank addition, collaborating on technology with external
Group. Furthermore, this commitment is also reflected partners through a digital platform (Banking as a Service/
in Maybank Indonesia’s active role in promoting financial BaaS), where Maybank functions as a platform provider,
inclusion to strengthen the content of Maybank Sekuritas channel provider, and/or provider of products and
and Global Banking, by leveraging a holistic media strategy services.
to enhance awareness and sustainability, supporting ongoing f. Enhancing savings products to better align with and fulfil
ESG forums, fostering active engagement, and securing the core needs of customers across various segments.
earned media coverage.
Business Prospects
Maybank Indonesia plans to once again host two sporting
events in 2025, namely the Maybank Marathon 2025 in Macroeconomic
Bali, building on its 13 years of success. This event remains
a premier destination for runners and running enthusiasts. The global economy is expected to grow by 3.2% in 2025. The
In addition, Maybank Indonesia will continue the Maybank global economic growth will remain relatively stagnant compared
Cycling Series Il Festino 2025 in Yogyakarta and several other to its corresponding figures in 2023 and 2024. The persistently
cities. This sporting event aims to create a more equitable slow development of economic activity in China, the European
society by providing lifelong financial skills and knowledge Union, the United Kingdom, and Japan was one of the factors
to the community, addressing current and situational needs that contributed to the stagnation of economic growth. In the
214 2024 Annual Report
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United States, the Fed had to rely on the The Banking industry credit was estimated to grow at 11.71% (yoy) by the end of 2024
results of economic data releases and and experience another solid growth of 11.85% (yoy) in 2025. The development of
developments in the impact of the new banking credit is projected to continue to grow strongly in line with increasingly strong
government’s policies on the economy domestic demand when interest rates are on a downward trend and as government
to determine its monetary interest rate fiscal stimuli, such as tax relief for property purchases, green vehicles, social assistance
policy. The transition of the new United programs for the poor, and free nutritious meals, begin to take hold.
States Government’s policies is expected
to trigger inflation and force the Fed to There have been some adjustments in the 2025 State Budget in terms of basic
reintroduce its high-rate regime. The macroeconomic assumption components: an upward adjustment in the Rupiah exchange
IMF recently stated that tariffs and trade rate from Rp16,100.00/US$ to RP16,000.00/US$, a downward adjustment in the 10-
uncertainty in various countries pose a year SBN interest rate from 7.1% to 7.0%, and an upward adjustment in oil lifting to 605
risk of slower global economic growth. (thousand bpd) from 600 (thousand bpd). Assumptions for ICP and gas lifting remain
at US$82 per barrel and 1,050 (thousand bsmph), respectively. All have agreed that
The domestic economy is estimated to inflation can be suppressed at 2.5% in 2025. With maintained stability, it is projected that
grow by 5.17% (yoy) in 2025. Economic the domestic economy will grow at 5.2% in 2025. It offers a pretty realistic figure given
growth in 2025 is estimated to come from the dynamics of recovery and structural reform to drive faster economic performance,
the more bustling domestic activities yet with anticipation of risk of uncertainty that will continue to loom over the nation’s
when economic programs of the new economic performance in the future.
government take hold and inflationary
pressures ease, buoyed by strong Table of Basic Macroeconomic Assumptions
and sustainable consumer growth, an
Basic Assumption 2025 Target
increase in the SME and Small Business
Economic Growth 5.2%
segments along with various government
stimulus programs and social assistance, Inflation 2.5%
larger direct foreign and domestic SUN 10 Years Interest Rate 7.0%
investment, and Bank Indonesia’s lower Forex Rp16,000/USD
rate regime, which is expected to be Price of Crude Oil USD82/barel
prevailing quite lengthily from October
Oil Lifting 605 rpbh
2024 to the end of 2025.
Gas Lifting 1,005 rbsmph
Investment is estimated to continue to Source: Kementerian Keuangan
grow positively as direct investment
is lured through the tax holiday Implementation of 2025 Strategic Programs and Plans
program and the omnibus law, as well Knowing the various projections of economic growth conditions and the banking
as the acceleration of the national industry as previously described, as well as internal studies related to Risk Posture
infrastructure development program and Market Sizing, Maybank Indonesia has prepared strategic focuses and initiatives
and the new capital city (IKN). However, to support its business growth during 2025 in the Bank’s Business Plan (RBB). The
a slowdown in growth may as well be preparation of the Bank’s strategy execution will align with its Corporate Plan and M25+
seen in export performance due to Strategy, which include:
the upcoming year’s less favourable 1. Credit growth is a top priority through growth engines that are focused on super
international trade landscapes amidst growth area segments such as LLC & MNC (Local Large Corporations), RSME, SME+
global uncertainty caused by the current and KPM segments through the Bank’s subsidiaries, namely WOM Finance and
geopolitical conflict. Maybank Finance. In addition, the Bank will also continue the growth momentum in
the Business Banking segment.
The year 2025 will see multiple cuts 2. Increasing productivity across all business segments to ensure that all business
in Bank Indonesia’s interest that will segments contribute positively to the Bank’s business growth in a sustainable
accumulate to 50 bps to hit 5.25% by manner.
the end of next year, while inflation is 3. Increase fee income with accelerated growth in Transaction Banking, Client
projected to grow milder at 2.51%. coverage, Wealth Products (Banca & Investment), digital banking and Global Market.
4. Continue branch office transformation initiatives that entail improving branch
models & coverage, branch service excellence and branch digital operations based on
the results of a study conducted in 2024.
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5. Continue focusing on digital business development, which taking the necessary steps in accordance with the provisions and
will involve increasing penetration of M2U for the Retail directions of the government/regulator.
segment (individual) and M2E for the Corporate segment,
and accelerating the digital ecosystem development process To realise the Bank’s Vision and Mission, Maybank Group and the
(strategic partnerships through API and BaaS for new management have made improvements to the overall business
customer acquisition and Hajj Savings). strategy for the short, medium, and long terms known as M25+.
6. Continue strengthening the banking information technology This strategy improvement aims to ensure that the entire
and cyber security infrastructure by, e.g. continuing to Maybank Indonesia organisation remains relevant in meeting
coordinate with regulators (OJK & Bank Indonesia). customer needs, increasing competitiveness and creating
7. Accelerate the implementation of M25+ initiatives to support market differentiation in the market in line with the Humanising
the Bank’s business growth, including collaboration with all Financial Services mission.
entities under the Maybank Group.
8. Continue the momentum of the Sharia portfolio growth The development of M25+ has formulated 13 strategic programs,
through the halal ecosystem and digital ecosystem including the Uplift Indonesia. By placing Indonesia as one of
approaches and accelerate growth in the Sharia Wealth the main markets for the Maybank Group, Maybank Indonesia
Management segment. receives full support to realise its aspirations, especially in
9. Integrate the implementation of sustainable finance as strengthening the Bank’s position in the coming years. The
part of the Bank’s business strategy and expansion of the M25+ strategy should be the answer to the various needs of
sustainable financing portfolio in all segments (Global Maybank’s business network, including how to remain relevant
Banking and CFS). and capable of meeting customer expectations by providing
10. Exert further efforts to improve credit quality by accelerating access to comprehensive and broad-ranging financial solutions
the recovery process of problematic credit and proactively and services.
identifying customers who are vulnerable to deteriorating
credit quality. Matters that Have the Potential to Have a Significant
11. Sustainably manage the Bank’s cost structure management Impacts on the Company’s Business Continuity
by implementing efficiency initiatives through the Strategic Maybank Indonesia remains vigilant and aware of the banking
Cost Management Program (SCMP) to ensure that cost industry challenges and places priority on a prudent and
growth aligns with the Bank’s revenue growth. selective attitude in credit distribution to maintain the quality
12. Regarding the Spin-Off plan of the iB Unit into a Sharia of its earning assets. Maybank Indonesia is also committed to
Business Entity and other matters pertaining to the draft improving credit approval policy standards in order to deliver
POJK 2024 concerning Financial Conglomerates and quality loan growth, as well as actively monitoring loans that
Financial Conglomerate Holding Companies, the Bank will have the potential to become troubled loans.
remain committed to regulatory compliance.
Loan funnelling will be focused on strategic sector industries,
Business Continuity Information embracing the concept of sustainable financing, which should
ultimately drive sustainable economic growth in the end and
Business Continuity Plan eventually provide the Bank with a larger market. A larger market
To ensure consistency in achieving business goals and business will then emerge as a result of the economic growth, which will
continuity during times of emergency, Maybank Indonesia has have a positive impact on business continuity.
implemented a business continuity management strategy that
involves continuously monitoring the circumstances while Until the end of 2024, Maybank Indonesia had not identified
anything that could have a significant impact on its business
continuity. A testament to this was the PBT and PATAMI the
Bank still managed to post, indicating that the Bank did not have
issues related to business continuity.
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Management Assessment Of Significant Factors Opportunities
Impacting Business Sustainability The rapid development of various technologies in the financial
Maybank Indonesia conducts an assessment of the Bank’s services sector has brought changes to the banking industry and
business sustainability and makes every effort to address and accelerated the transformation towards digital banking, aligning
improve any potential issues that could disrupt its business with the needs of current customers. There are three aspects
continuity. As of the preparation and publication of the 2024 driving the development of digital services for customers,
Annual Report, Maybank Indonesia did not find any material namely increasing digital transactions, digital behaviour, and
uncertainty that could raise significant doubts about the digital opportunities. This is in line with the growth of internet
Bank’s ability to maintain business continuity. The Bank has access and the increasing middle class of Indonesian society,
made numerous efforts to manage potential factors affecting representing a demographic bonus. The Bank sees significant
its business sustainability, including preparing and publishing opportunities in developing digital solutions and financial
consolidated financial statements based on most current and services for customers, both individuals and corporations,
sustainable Financial Accounting Standards. particularly small and medium-sized enterprises (SMEs), which
contribute more than 60% of Indonesia’s GDP and represent
Based on the 2024 performance achievements and the Bank’s over 90% of all businesses. Indonesian SMEs are expected to
history, the Management believes that Maybank Indonesia’s enter the global supply chain with technological assistance.
business continuity is very good. This assessment is based on
the Bank achieving its financial ratios and having a strong overall Challenges
health to support business continuity in the future. Furthermore, 1. Technological advancements require the Bank to establish
shareholder support and synergy within the Maybank Group are high standards for the security and privacy protection
essential to the Bank’s ability to maintain business continuity. of customer data within the ecosystem, considering that
In addition to preparing the Bank’s strategic plan, Maybank Indonesia is one of the countries most at risk of cyber security
Indonesia also conducts regular evaluations and assessments of attacks with the number of incidents continuing to increase
its ability to meet targets and maintain its business sustainability. every year.
The Bank’s Management believes that there is no material 2. Rapid changes in market and customer behaviour, particularly
uncertainty that could cast significant doubts about the Bank’s in the development of information and digital technology,
ability to maintain the continuity of business activities. have led to a gap between the demand and supply of qualified
Human Resources (HR) in the technology and digital fields
Maybank Indonesia is optimistic about facing various challenges (talent gap & war). In addition, the Bank’s IT development
and seizing opportunities supported by competent human priorities for the years ahead, starting in 2024, involve core
resources, adequate business infrastructure, and an international banking modernisation processes with a focus on human
business network, laying the groundwork for Management’s resources directed towards this initiative.
confidence in the Bank’s future business growth. 3. From the business perspective, the Bank perceives that credit
growth is still quite challenging in the banking industry
Assumptions Used By Management in Conducting the considering the current global and domestic economic
Assessment conditions, resulting in increased competition among banks,
Maybank Indonesia conducts an assessment to determine the impacting the pressure on Net Interest Margin (NIM).
Bank’s business continuity by analysing current opportunities, 4. Additionaly, currently customers also have many alternative
challenges, strengths, and weaknesses, as follows: sources of financing such as non-traditional financial players
(fintech), and corporate customers can issue bonds as an
alternative financing method.
Strengths
1. The Bank is one of the Maybank Group’s home markets with
a regional network in the ASEAN region (with home markets
in Malaysia, Singapore, and Indonesia), strengthening the
Bank’s operational business network.
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2. Digital banking development continues to be carried out Business Continuity Management
for both individual customers through M2U and corporate Business Continuity Management (BCM) is an important
customers through M2E to ensure that the solutions offered pillar for Maybank Indonesia in ensuring the Bank’s resilience
to customers are relevant to their current banking needs. against both natural and non-natural disasters that could
3. Full banking licence to support the digital ecosystem as a arise unexpectedly. BCM is consistently and comprehensively
financial service gateway provider. developed as part of the Bank’s risk management framework.
The management of operational risks caused by disruptions or
Weaknesses disasters aims to prevent, endure, and sustain by responding
The Bank continues to carry out the improvement process effectively to potential threats to the Bank, especially those
to ensure sustainable business growth and more effective with a major impact (catastrophic events) that could disrupt
and efficient operations to support business growth. Several operations.
areas of improvement that still need attention include
customer retention, ongoing transformation activities, and the BCM Program In 2024
implementation of the latest information technology. The following are some of the BCM initiatives undertaken
1. Customer attrition rates are still relatively high, and the throughout 2024:
customer retention processes are increasingly difficult with • The BCM Secretariat utilises the GRC System to implement
intense competition in the industry from fintech and other the BCM System, supporting Business Functions in creating
non-banks entities. or updating Risk Assessments (RA), Business Impact Analyses
2. Manual processes that require human intervention still (BIA), and developing the Business Continuity Plan (BCP).
exist, but the Bank continues to carry out the transformation • In January-August 2024, the BCM Secretariat/ORCO
process to accelerate the automation process across all developed the Business Continuity Management Procedure,
Bank’s operations. incorporating new information and enhancements in several
3. Improving the capability and stability of IT infrastructure sections to align with regulatory updates and the current
and security are still in the development process, including state of the Bank.
efforts to protect the information and privacy of all • Annual updating of BCP documents consisting of the latest
customers and support future business growth. version of the Risk Assessment (RA), Business Impact
4. Lengthy resolution processes for non-performing loans and Analysis (BIA) documents, and BCP General and Pandemic by
low recovery rates. the BCM Coordinator to always be adjusted to the situation/
incident that occurs as well as the operational processes of
Based on the foregoing, management will focus on segments each unit so that the handling of each case is more effective,
that are the Bank’s primary growth engines, supported by the efficient, and measurable according to the Bank’s capabilities.
development of relevant digital banking and the development of • BCM Secretariat/ORCO conducted refreshment for BCM
information technology (IT) infrastructure and security. Coordinator (BCMC) in the BCM Workshop and Refreshment
training program in May 2024 to re-inform the latest BCM
issues and educate BCMC on the importance of BCP in
critical units.
• Perform BCP tests on all Critical Business Function
(CBF) units using scenarios such as fire, demonstration,
earthquake, etc., to assess readiness, evaluate processes and
systems in handling disruptions during and after an incident,
ensuring the Bank can resume normal operations within the
designated timeframe to minimise potential losses.
• Regular socialisation to increase awareness and
understanding of the importance of BCM through emails,
desktop wallpapers, and BCM WhatsApp groups related to
disaster preparation and learning materials from various
disasters that have occurred for future disaster readiness.
• Coordination of disaster management actions and handling
operational disruptions, such as during the demonstration
in Cikarang and various incidents targeting branch office
buildings in response to the disaster.
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BCM Development And Implementation Strategy in The Bank’s Commitment to
2025 Environment, Social, and Governance (ESG)
Looking ahead, BCM will specifically focus on developing new Maybank Indonesia’s ESG commitment is demonstrated through
programs that align with the Provisions and Policies set by the the integration of sustainability principles into every aspect of
Regulators as well as BCM Bank’s Policies and Procedures. Some the Bank’s activities, along with various initiatives that support
key BCM initiatives and programs planned for 2025 include: this objective. These efforts are carried out in accordance with
• Independent BCP testing by each critical unit to ensure the eight principles of sustainable finance regulated by OJK and
BCP processes are executed on schedule and facilities are are aligned with Maybank Group’s ESG principles. Maybank
maintained, allowing business and operational processes to Indonesia remains committed to understanding the diverse
remain operational. needs of its stakeholders while ensuring that its business
• Enhanced BCM awareness and knowledge for all employees operations benefit the communities and customers it serves.
through various media channels, including BCM E-Learning
and incident management videos. Maybank Indonesia periodically evaluates its policies on
• BCM Workshops/BCM Refreshment focusing on disaster and sustainability processes in business operations and investment
operational disturbance management. practices. These efforts contribute to effective risk management
• Desktop reviews with various CBF units to ensure BCP while also allowing the Bank to play an active role in supporting
documents are better aligned with incident handling, economic and social growth in the regions where it operates.
incorporating lessons learned from the real conditions during
the pandemic. Maybank Indonesia implements a Sustainable Finance Strategy
• BIA assessments for all work units at Maybank Indonesia as an integrated process within its activities, operations,
to ensure critical units can maintain their business and and social responsibility. Accordingly, Maybank Indonesia
operational processes following an incident. has developed a Sustainable Finance Action Plan (SFAP) in
compliance with Financial Services Authority (OJK) Regulation
Guidelines And Support of Maybank No. 51/POJK.03/2017 for Financial Services Institutions, Issuers,
Group on the 2025 Business and Public Companies. The SFAP has been submitted to OJK
Sustainability Plan alongside the Bank Business Plan (RBB).
Maybank Group is implementing the 2025 Sustainability Plan
to navigate and manage stakeholders’ expectations regarding Maybank Indonesia will continue to enhance the implementation
Environmental, Social, and Governance (ESG) issues, which of Sustainable Finance progressively. In doing so, the Bank will
is important for creating sustainable meaning and value. ensure that its efforts comply with the Maybank Group’s pillars
Through this plan, Maybank Group aims to create significant and commitments. This approach aims to create a comprehensive
and relevant long-term value regionally and globally. Achieving sustainability ecosystem within the Maybank Group while also
these sustainability goals enables Maybank Group to continue promoting a more sustainable future for all segments of society.
to innovate and create a broader impact in the regions where it The strategic steps for achieving this goal include:
operates. 1. Enhancing human resource capabilities, including the
development of new employee skill sets required to support
Based on this, Maybank Indonesia implements the the realisation of sustainable finance.
Environmental, Social, and Governance (ESG) Policy as a 2. Integrating ESG aspects into policy formulation and risk
guideline for all of its organisational units. This ESG Policy is management in business activities.
aligned with Maybank Group’s ESG Management Framework and 3. Adjusting operational and IT work systems (including Bank
will be implemented gradually. infrastructure).
4. Developing banking solution products and services to
support sustainable finance, followed by continuous
enhancements.
5. Gradually increasing the growth of the financing portfolio in
ESG-based business activities.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Results and Progress Achieved by
Maybank Indonesia in Implementing ESG
2010
First published Sustainability Report with 3 main scopes Education, Activities that support Healthy Living and Environment & Society.
2011
The scope of the sustainability program has grown to 4 (four) main scopes, namely:
• Education, Activities that support Healthy Living, Community Empowerment and Environment.
• Issuance of the second Sustainability Report
2012
• Launched the IMPACT (IMPlement with Acceleration through Collaboration and Teamwork) transformation program with a focus on three main
areas: continuing profit-enhancing growth, enhancing capabilities and strengthening fundamentals to ensure business continuity and developing
Corporate Responsibility (CR) talent based on the four CR principles of Community, Environment, Workplace & Marketplace.
• Continuing the focus of CR activities is based on 4 main pillars, namely Community Empowerment, Education, Activities to Support Healthy
Living, Care for the Environment.
• Main Activities Women Empowerment in Small Business Program, Providing scholarships for outstanding students from all over Indonesia who
come from underprivileged families to continue their education at leading universities in Singapore, Malaysia and Indonesia.
• Organised the first international Marathon BII Maybank Bali Marathon with the theme ‘Push Your Limit’. BII Maybank Bali Marathon 2012 has
received an international certificate for the route traveled from the Association of International Marathons and Distances Races (AIMS).
• Issuance of the Third Sustainability Report.
2013
• Implemented Banking Education Program including Apprentice Program, Regulatory Seminar, savings education for elementary school students
and training for journalists.
• Continued activities with 4 main focus areas: Education, Activities that support Healthy Living, Community Empowerment and Environment.
• Realised environmentally friendly Improvement Initiatives including Paperless Account Opening System, Solar-powered ATM, e-statement based
billing, paper and electricity consumption savings.
• Environmentally friendly lending policy initiatives.
• Issuance of the Fourth Sustainability Report.
2014
• Maybank 20/20 Sustainability Plan approved by Maybank Group Board.
• Improve HR competencies through training, education, implementation of performance management and provide attractive career paths.
• Improve service quality through the development of branch networks and technology-based service facilities.
• Launched PIJAR program to support the development of micro business segment through the implementation of quality community
empowerment banking concept.
• Increased access to micro financing through cooperation with Koperasi Mitra Dhuafa (KOMIDA), Association of Women Small Business
Facilitators (ASPPUK) in Sumatra, Kalimantan, Sulawesi, NTB, NTT and Java, empowerment program for underprivileged communities through
sharia cooperatives, BMT spread across 10 cities.
• Continuing activities with 4 main activity focuses: Education, Activities that support Healthy Living, Community Empowerment and Environment.
• Issuance of the fifth Sustainability Report, which was prepared based on the Sustainability Reporting Guidelines version 4 (GRI-G4) and
• Financial Services Sector (FSS). This report has been verified by the National Center for Sustainability Reporting (NCSR).
• Awards: Commendation for 1st time G4 Report 2013 and Commendation for 1st Year Sustainability Report 2013 by National Center for
Sustainability Reporting (NCSR).
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2015
• Implementation of Maybank 20/20 Sustainability Plan
• Reputational Risk Policy issued by Maybank Group Risk to support the inclusion of Environmental, Social and Governance in Maybank Group’s
investment products & services, precredit practices and supply chain.
• Continued activities with 5 main focus activities: Education, Art & Culture Preservation Activities that support Healthy Living, Community
Empowerment and Environment.
• Issuance of the sixth Sustainability Report.
• Annual Global CSR Award - Platinum Award for Women Empowerment category from Pinaccle Group International, March 19, 2015
• SRA Award 2015 for Sustainability Report (SR) 2014, Runner Up 2 Best SR.
2016
• Realised Banking Education Program including Apprentice Program, savings education for elementary school students and training for
journalists.
• Continued activities with 5 main activity focuses: Education, Art & Culture Preservation Activities that support Healthy Living, Community
Empowerment and Environment.
• Issuance of the seventh Sustainability Report prepared based on the GRI-G4 version of the Sustainability Reporting Guidelines and the
Sustainability Financial Report (SFR). This report has been verified by the National Center for Sustainability Reporting (NCSR).
• Continued environmentally friendly lending policy initiatives.
• Improved access to micro financing and community empowerment through cooperation with Mitra Dhuafa Cooperative (KOMIDA) in Majalaya
(West Java), Magelang and Grobogan (Central Java).
• SRA Award 2016 for Sustainability Report (SR) 2015, Commendation for Best Practice in Micro Financing for Women.
• In 2016, the Bank’s CSR program reached 17,069 beneficiaries.
2017
Progress of Business Sustainability Program Development until 2017:
• Continued the CSR program by focusing on 5 pillars: Education, Community Empowerment, Activities that support Healthy Living, Environment
and Art & Culture Preservation.
• Realised Banking Education Program including Apprentice Program, savings education for elementary school students and training for
journalists.
• Continued micro financing and community empowerment programs through cooperation with Mitra Dhuafa Cooperative (KOMIDA) in Majalaya
(West Java), Magelang and Grobogan (Central Java).
• Conducted community empowerment activities for 503 people with disabilities through the Reach Independence & Sustainable Entrepreneurship
(RISE) program in 5 cities in Indonesia.
• Maybank Women Eco Weavers empowerment program received recognition from ASEAN.
• Maybank Indonesia participated in the ASEAN 50th Anniversary celebration through the Maybank Women Eco Weavers program exhibition.
• Issuance of the eighth Sustainability Report prepared based on the GRI-G4 version of Sustainability Reporting Guidelines and Sustainability
Financial Report (SFR). This report has been verified by the National Center for Sustainability Reporting (NCSR).
• SRA Award in 2017 for Sustainability Report (SR) in 2016, Runner Up 2 Sustainability Report Category of Financial Services Company.
• Bronze Award for Best Community Program in Global CSR Award 2017 from Pinnacle Group International.
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and Analysis
2018
• Business Sustainability Program Development Process until 2018:
• Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that support Healthy Lifestyles,
Environment and Preservation of Arts and Culture.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring to women beneficiaries
of the micro financing program, weavers and people with disabilities and marginalised communities participating in the Reach Independence &
Sustainable Entrepreneurship program, including students participating in the Maybank internship program. The number of beneficiaries of this
program is 1,743 people.
• Issuance of the ninth Sustainability Report prepared based on the national Sustainability Reporting Guidelines; OJK regulations (Sustainability
Financial Report) and Global Reporting Initiative (GRI) Standard guidelines. The report was also verified by the independent National Center for
Sustainability Reporting (NCSR) which has been working in the field of Sustainability Reporting for 13 years.
• Continuing empowerment programs for women, communities with disabilities and marginalised communities and increasing access to funding
and micro financing for them through the Maybank Women Eco Weavers program, micro financing program for members of Koperasi Mitra
Dhuafa (KOMIDA) and the Reach Independence & Sustainable Entrepreneurship (RISE) program with a total of 2,766 beneficiaries until December
2018.
• The launch of the Scale Up Reach Independence & Sustainable Entrepreneurship (RISE) program in Yogyakarta was attended by the Governor of
Yogyakarta Sri Sultan Hamengkubuwono X, Gusti Kanjeng Ratu Hemas, OJK Board of Commissioners for Consumer Education and Protection,
• Mayor of Yogyakarta as well as representatives of OJK and BI Yogyakarta. The program focuses on training and mentoring for people with
disabilities who have become entrepreneurs.
• The signing of the eMpowering Youth Across ASEAN regional program cooperation between Maybank Foundation and ASEAN Foundation at
ASEAN Secretary, Jakarta. As a commitment of Maybank Group to make social economic changes for underprivileged communities in synergy
with ASEAN youth and local CSOs.
• Asia Sustainability Report Rating (ASRR) 2018 Award for Maybank Indonesia 2017 Sustainability Report; Gold Rank Sustainability Report.
• Gold Award for Best Excellence in Provision of Literacy & Education in Global CSR Award 2018 from Pinnacle Group International.
• Developed Sustainable Finance Action Plan (SFAP) in accordance with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for
Financial Services Institutions, Issuers and Public Companies. Broadly speaking, the RAKB covers the implementation of sustainable finance,
incentives, social and environmental responsibility and sanctions for a period of one year to five years.
2019
Business Sustainability Program Development Process until 2019:
• Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that support Healthy Lifestyles,
Environment and Preservation of Arts and Culture.
• Implementation of Sustainable Finance Action Plan (RAKB) in 2019 and preparation of Sustainable Finance Action Plan for 2020 in accordance
with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services Institutions, Issuers and Public Companies.
Broadly speaking, the RAKB covers the implementation of sustainable finance, incentives, social and environmental responsibility and sanctions
for a period of one year to five years.
• Continuing empowerment programs for women, communities with disabilities and marginalised communities and increasing access to
funding and micro financing for them through the Maybank Women Eco Weavers (MWEW) program, micro financing program for members of
Mitra Dhuafa Cooperative (KOMIDA), Reach Independence & Sustainable Entrepreneurship (RISE) program and micro financing program for
communities with disabilities members of PUSPADI Bali cooperative with a total of 3,255 beneficiaries until December 2019.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring to women beneficiaries
of the micro financing program, weavers and people with disabilities and marginalised communities participating in the RISE program, including
students and students participating in the Maybank internship program. The number of beneficiaries of this program in 2019 was 1,296 people.
• Implementation of financial education programs for elementary school students with an age range of 9-12 years through the Cashville Kidz
program designed for children to have good financial management and instill the habit of saving from an early age. The number of beneficiaries of
this program in 2019 was 559 students from 5 elementary schools in Jakarta; SDN 3 Menteng, SD Santa Maria, SD Santa Ursula, SD Jubilee and SD
Al-Izhar.
• Implementation of the first phase of the eMpowering Youth Across ASEAN program and the signing of the second phase of regional program
cooperation between Maybank Foundation and ASEAN Foundation at ASEAN Secretary, Jakarta. This cooperation is Maybank Group’s
commitment to make economic and social changes for underprivileged communities in synergy with ASEAN youth and local CSOs. In Indonesia,
the 2019 eMpowering Youth program was implemented in 4 areas namely, Sumedang and Purwakarta West Java, Ende East Nusa Tenggara and
Tana Toraja South Sulawesi.
• The issuance of the tenth Maybank Indonesia Sustainability Report which was prepared based on the national Sustainability Reporting
Guidelines; OJK regulations (Sustainability Financial Report) and Global Reporting Initiative (GRI) standards. The report was also verified by the
independent institution National Center for Sustainability Reporting (NCSR) which has been working in the field of Sustainability Reporting for 14
years.
• Bronze Award for Best Community Program in Global CSR Award 2019 from Pinnacle Group International.
• Asia Sustainability Report Rating (ASRR) 2019 Award for Maybank Indonesia 2018 Sustainability Report; Gold Rank Sustainability Report.
• Currently, the Bank’s total portfolio that is in accordance with the implementation of sustainable finance is at least 39% of the Bank’s total loan
portfolio.
• Periodically identify the Bank’s credit portfolio that meets the Environmental, Social and Governance (ESG) criteria. The Bank continues to
monitor and is committed to increasing the number of such portfolios that are in line with the Bank’s risk appetite.
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2020
Process of Business Sustainability Program Development until 2020:
• Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that support Healthy Lifestyles,
Environment and Preservation of Arts and Culture.
• Implementation of Sustainable Finance Action Plan (RAKB) in 2020 and preparation of Sustainable Finance Action Plan for 2021 in accordance
with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services Institutions, Issuers and Public Companies.
Broadly speaking, the RAKB covers the implementation of sustainable finance, incentives, social and environmental responsibility and sanctions
for a period of one year to five years.
• Implementation of the Maybank Fight COVID-19 pandemic support program through various initiatives including;
- donation of 1,100 Personal Protective Equipment (PPE) to 38 referral hospitals in various regions in Indonesia in collaboration with the Anne
Avantie Foundation;
- donations of PPE, medical equipment, masks and food for medical personnel and affected communities in collaboration with the Banking
Consultative Body and the Financial Services Industry Communication Forum of Yogyakarta, Aceh, West Sumatra and West Sulawesi;
- donation of prepared food packages to 5,000 people affected by the pandemic in Muara Baru slum, Jakarta. A collaboration between Artemis
and HARA Foundation;
- donation of food packages to Ojek Difa and PUSPADI Bali communities;
- supporting 24 members of Ojek Difa to improve their economy amidst the pandemic through an aquaponic catfish farming entrepreneurship
program.
• Maybank Foundation handed over a donation of 150 masks made by Cambodian women weavers, participants of the Maybank Women Eco
Weavers program, to the ASEAN Secretariat. The handover ceremony took place at the ASEAN Secretariat Building and was witnessed by
the Secretary General of ASEAN, Dato Paduka Lim Jock Hoi, State Envoys of Malaysia, Cambodia and Vietnam to ASEAN and the Maybank
Foundation Board of Trustees. In addition, Maybank Indonesia and Maybank Foundation donated 1,100 fabric masks made by 250 underprivileged
women weavers of the Maybank Women Eco Weavers Program in Cambodia to 5 beneficiary communities of the CSR program, namely: SD
Kenalan, Puspadi Bali, SLB Semin, Ojek Difa and Berdaya Bareng. In addition to donating cloth masks, Maybank Indonesia also provided brief
information material about the COVID-19 pandemic and how to prevent it..
• Continuing the program:
- empowerment for women through Maybank Women Eco Weavers (MWEW) Batch 2 Program in Lembata, East Nusa Tenggara and Tuban, East
Java.
- Reach Independence & Sustainable Entrepreneurship (RISE) 2.0. program for communities with disabilities and marginalised communities is
implemented in 16 cities in Indonesia and partly implemented online. The number of beneficiaries of the two programs until December 2020
was 1,725 people.
- Micro financing support for the PUSPADI Bali disability community, SLB Semin Gunung Kidul and SD Kenalan Kulon Progo with a total of 238
beneficiaries.
- Implementation of sustainable banking education and financial literacy programs through training and mentoring for people with disabilities
and marginalised communities participating in the RISE program, including students participating in the Maybank internship program. The
number of beneficiaries of this program in 2020 is 1,655 people.
- Issuance of the tenth Maybank Indonesia Sustainability Report prepared based on the national Sustainability Reporting Guidelines; OJK
regulations (Sustainability Financial Report) and Global Reporting Initiative (GRI) standards. The report was also verified by the independent
institution National Center for Sustainability Reporting (NCSR) which has been working in the field of Sustainability Reporting for 14 years.
- Asia Sustainability Report Rating (ASRR) 2020 Award for Maybank Indonesia 2018 Sustainability Report; Gold Rank Sustainability Report.
- The Most Appreciation Corporate Social Responsibility Award in Tempo Country Contributor Award 2020.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
2021
Development of Business Sustainability Program until 2021:
• Implementing sustainable CSR programs that focus on 5 pillars; Education, Community Empowerment, Activities that support Healthy Lifestyles,
Environment and Preservation of Arts and Culture.
• Implementation of Sustainable Finance Action (RAKB) in 2021 and preparation of Sustainable Finance Action Plan for 2022 in accordance with
Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services Institutions, Issuers and Public Companies. Broadly
speaking, the RAKB covers the implementation of sustainable finance, incentives, social and environmental responsibility and sanctions for a
period of one year to five years.
• Implementation of the Maybank Fight COVID-19 pandemic support program through various initiatives, including;
• donation of medical equipment for health workers in 22 hospitals in 10 provinces in collaboration with BenihBaik.com and Dompet Kemanusiaan
Media Group.
• supported the implementation of the “Gotong Royong” vaccination program for the banking industry initiated by Perbanas and attended by
54,537 vaccine recipients.
• donation of vitamins, milk and masks as self-protection against COVID-19 for 3,000 underprivileged communities in Jakarta and West Java in
collaboration with the Global Rescue Network (GRN).
Implementation of disaster response programs that occurred during 2021 through various initiatives, including:
• distributed basic food packages to 250 Mamuju earthquake victims in collaboration with the local government.
• supported fundraising for disaster relief organised by the Financial Services Authority (OJK) together with Financial Services Institutions (IJK)
entitled “OJK and IJK Care for Disaster” for disaster relief in Mamuju, Bantul, Semarang and Sumedang.
• built 10 permanent shelters and 1 community center for communities affected by the Central Sulawesi Earthquake and Tsunami in collaboration
with Habitat for Humanity Indonesia.
• donations of emergency supplies such as food, medicine and other logistical items for 210 flood and landslide victims in Lembata and Adonara in
collaboration with the Women-Headed Family Empowerment Foundation (PEKKA)..
Continuing the following program:
• Empowerment for women through the Maybank Women Eco Weavers (MWEW) Batch 2 Program in Lembata, East Nusa Tenggara and Tuban,
East Java through prototyping finalisation activities, digital documentation asset production, virtual launch, and planting assistance for lawa
(chocolate) seed cotton production in collaboration with BALITTAS (Balai Tanaman Pemanis dan Serat) with a total of 245 program beneficiaries
consisting of women weavers, artisans, farmers and virtual launch participants.
• Reach Independence & Sustainable Entrepreneurship (RISE) 2.0. for 1,320 disabled communities and marginalised communities from 12 provinces
in Indonesia and implemented online.
• Donations to Orphanages and Compensation for Orphans and Dhuafa in the holy month of Ramadan 2021 by distributing stationery packages,
basic food packages and compensation to 210 orphans and dhuafa in 3 orphanages, namely Yayasan An Nur (Jagakarsa, South Jakarta), Yayasan
Al-Afia (Jagakarsa, South Jakarta), Yayasan Kamil Insan (Pademangan, North Jakarta).
• Micro financing support for PUSPADI Bali disability community, and Kenalan Kulon Progo Elementary School with 176 beneficiaries.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring for people with
disabilities and marginalised communities participating in the RISE program, including students and students participating in the Maybank
internship program. The number of beneficiaries of this program in 2021 is 1,325 people.
• Issuance of the twelfth Maybank Indonesia Sustainability Report prepared based on the national Sustainability Reporting Guidelines; OJK
Circular Letter (Sustainability Financial Report) and Global Reporting Initiative (GRI) standards. The report was also verified by the independent
institution National Center for Sustainability Reporting (NCSR) which has been working in the field of Sustainability Reporting for 15 years.Asia
Sustainability Report Rating (ASRR) 2021 Award for Maybank Indonesia 2020 Sustainable Report; Gold Rank Sustainability Report.
• Indonesia Best CSR Award 2021 with Outstanding Program in Supporting Humanising Financial Services from Warta Ekonomi.
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2022
Development of Business Sustainability Program until 2022:
• Implementing CSR programs in a sustainable manner that focuses on 5 pillars, namely; Education, Community Empowerment, Activities that
support Healthy Lifestyles, Environment and Preservation of Arts and Culture, as well as remaining responsive in responding to the distribution
of aid for disaster victims..
• Implementation of Sustainable Finance Action Plan (RAKB) in 2022 and preparation of Sustainable Finance Action Plan for 2023 in accordance
with Financial Services Authority Regulation (POJK) No 51/POJK.03/2017 for Financial Services Institutions, Issuers and Public Companies.
Broadly speaking, the RAKB covers the implementation of sustainable finance, incentives, social and environmental responsibility and sanctions
for a period of one year to five years.
• Implementation of various programs related to sustainability during 2022, including:
- Organised a Sustainability Day event at Taman Baghawan - Bali on August 27, which is a manifestation of Maybank Indonesia and Maybank
Group’s commitment to encourage sustainable business practices, raise awareness and encourage sustainability practices to bank participants
and partners.
- Supported the implementation of environmental conservation through an integrated tree planting program in Laman Satong, West Kalimantan
with the program theme “High Quality and Affordable Healthcare as a Forest Conservation Incentives”. This reforestation program involves
planting 3000 tree seedlings on 1 hectare of degraded land in Gunung Palung National Park in collaboration with ASRI Foundation.
- Supported PT Socfindo in the Socfindo Conservation Green House program which aims to preserve rare medicinal orchids in North Sumatra.
- Supported the holding of the Indonesia Net Zero Summit event held on November 11 in Bali by KADIN and KADIN Net Zero Hub with
the theme “Industrial Decarbonisation at All Cost.” The event was attended by around 400 participants representing various industries,
businesses, organisations and the general public..
• Implementation of disaster response programs that occurred during 2022 through various initiatives, including:
- Handover of the construction program of 10 permanent shelters and 1 community center for communities affected by the Central Sulawesi
Earthquake and Tsunami disaster in collaboration with Habitat for Humanity Indonesia.
- Disbursement of disaster relief funds for Cianjur earthquake victims in collaboration with the Yayasan Benih Baik Indonesia for the
construction of growing houses and psychosocial activities.
• Continuing the program:
- Empowerment for women through the Maybank Women Eco Weavers (MWEW) program through participation in the exhibition of products
made by MWEW women weavers from East Lombok, Central Lombok, Tanah Datar, Sawah Lunto, Lembata and Tuban at the fashion week
event, Indonesia Fashion Week (IFW) 2022 located at the Jakarta Convention Center on 13 - 17 April.
- Reach Independence & Sustainable Entrepreneurship (RISE) 2.0. in 2022 has provided a total of 3,912 training packages for people with
disabilities in Indonesia conducted online. There was also the launch of a documentary film entitled “A Time to R.I.S.E” on September 30, 2022.
- Donations to Orphanages and Companionships for Orphans and Dhuafa in the holy month of Ramadan 2022 by distributing stationery
packages, food packages and compensation to 310 orphans and dhuafa children in 5 orphanages in Jakarta and Tangerang, namely Yayasan
Bangun Kecerdasan Bangsa, Yayasan Bina Ummat, Yayasan Rahmani Fikriyyah, Daarul Berkah Rahman, and Yayasan PAAW.. .
• Micro financing support for PUSPADI Bali disability community, and SD Kenalan Kulon Progo. 2022 is the last year of implementation of this
program with 182 beneficiaries.
• Organising the Maybank Marathon Bali 2022 event and inviting the participation of 40 wheelchair runners in collaboration with PUSPADI Bali.
In addition, it also supports the improvement of the quality of education through donations of educational equipment to 27 schools around the
marathon route.
• Implementation of banking education and financial literacy programs on an ongoing basis through training and mentoring for the disabled and
marginalised communities participating in the RISE program, including students participating in the Maybank internship program and Global
Money Week (GMW), as well as students participating in the Cashville Kidz program. The number of beneficiaries of this program in 2022 is 851
students.
• Issuance of the thirteenth Maybank Indonesia Sustainability Report prepared based on the national Sustainability Reporting Guidelines; OJK
Circular Letter (Sustainability Financial Report) and Global Reporting Initiative (GRI) guidelines.
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2023
Development Process of Business Sustainability Program until 2023:
• Implementing sustainable CSR programs that focus on 5 pillars, namely, Education, Community Empowerment, Preservation of Arts and Cultural
Heritage, Environmental Diversity, Healthy Living, and Disaster Relief.
• Implementation of Sustainable Financial Action Plan (RAKB) in 2023 and preparation of the Sustainable Financial Action Plan for 2024 in
accordance with the Financial Services Authority Regulation (POJK) No. 51/POJK.03/2017 for Financial Services Institutions, Issuers and Public
Companies. In general, the RAKB covers the implementation of sustainable finance, incentives, social and environmental responsibility, and
sanctions for a period of one to five years.
• Implementation of various programs related to Education:
- Providing students from various universities in Indonesia the opportunities to learn about banking operations and performance through the
Maybank Internship program. Throughout 2023, 60 students from 29 universities in various regions in Indonesia, such as the Polytechnic of
Manpower, State University of Jakarta, Bogor Agricultural Institute, and several other universities, have participated in this program.
- A financial literacy program with MoneyTree aims to teach children aged 9-12 about the importance of money and financial management.
so that they become financially savvy. Using four episodes of the animated series with four characters, Sens Andola, Penny Wise, Suzy
Spendamore, and Barry Maveric, making the program called Cashville Kidz, is an innovative and fun financial education program.
- To symbolise the launch of the Kasih Orang Tua Asuh (Foster Parents Love) Program, which is designed as part of the bank’s efforts to increase
awareness among Maybankers and to support the education of Indonesian children by becoming foster parents for underprivileged students
so that they can continue to receive a proper education. The series of symbolic activities aims to bring Maybankers together with foster
children for financial literacy educational activities. The beneficiaries of this program are 872 children from 19 elementary schools spread
across three regions (Jakarta, Medan, and Makassar).
- As part of Global CR Day, Maybankers who live and/or work outside the Jabodetabek area, such as in Medan, Lampung, Palembang, Jambi,
Bandung, Solo, Tegal, Purwokerto, Pekalongan, Malang, Surabaya, Sulawesi, Kalimantan, Bali, and Nusa Tenggara, also carry out various
social activities in the form of Financial Literacy, providing support for teaching and learning facilities, and sports facilities for schools. These
activities reach approximately 2,520 students from 14 elementary schools.
• Implementation of various programs related to Community Empowerment:
- Implementing an economic empowerment program for communities with disabilities and marginalised people entitled “Reach Independence
& Sustainable Entrepreneurship (RISE) 2.0.” RISE 2.0 program. RISE 2.0 Basic and Standard level training has been conducted for communities
with disabilities and marginalised people in West Java, East Java, Central Java, Riau, Jambi, North Sumatra, Aceh, Bengkulu, Lampung, Riau
Islands, NTT, NTB, Maluku, Gorontalo, South Sulawesi, North Sulawesi, Central Sulawesi, Jabodetabek, South Kalimantan, West Kalimantan,
North Kalimantan, and East Kalimantan with a total of 2,186 participants.
- Maybank Indonesia organised an annual program during the month of Ramadan, focusing on the provision of stationery and basic food
packages on April 14, 2023. The assistance was received by 300 beneficiaries from 5 orphanages, namely Yayasan Yatim Cinta Dhuafa Bintaro,
Yayasan Bukit Cahaya Indonesia, Yayasan Kamil Al Khoiriyah, Yayasan Baitussoleha, and Yayasan Muslimin Jaya.
• Implementation of various programs related to the Arts and Cultural Heritage Preservation:
- Maybank Indonesia engaged the participation of Maybank Women Eco-Weavers from several regions to showcase their weaving creations
at the Maybank Marathon in Taman Bhagawan, Bali on August 26, 2023. This assistance aims to revive female weaver MSMEs who suffered
during the pandemic’s economic downturn. To implement this, Maybank Indonesia and Maybank Foundation partnered with the Association
of Small Business Women Facilitators (ASPPUK) to open an exhibition stall to showcase and promote natural dye weaving products made by
women weavers supported by the Maybank Women Eco-Weavers program.
- Maybank Indonesia participated in supporting the preservation of one of the greatest cultures and traditions in Bali with the Ogoh-ogoh
activities as part of the Nyepi Day ritual series held on March 21, 2023. Ogoh-ogoh depicts a Hindu character named Bhuta Kala. The large-
sized Ogoh-ogoh, which resembles a giant statue, is carried by a group of people around the village on the eve of Nyepi Day.
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• Implementation of various programs related to Environmental Diversity:
- To celebrate Indonesia’s Independence Day, Maybank Indonesia organised a tree planting and waste sorting event, as part of the realisation
of the Sustainable Development Goals (SDGs); Global CR Day 2023 themed “For My Indonesian Earth.” Global CR Day is an annual initiative
by the Maybank Group to realise the Company’s commitment to building harmonious and sustainable relationships with communities, the
environment, as well as local and global stakeholders, in line with the Maybank Group’s mission, “Humanising Financial Services.” Maybank
Indonesia draws attention to the critical situation related to air quality and pollution in Jakarta, as well as waste management. The Global
CR Day activities held on Saturday, August 19, 2023 included planting 1,500 trees under the Becakayu Toll Road (Bekasi-Cawang-Kampung
Melayu) and waste sorting activities for organic and non-organic waste.
- In an effort to reduce the carbon footprint generated from the organisation and participants participating in the Maybank Marathon 2023,
Maybank Indonesia, in collaboration with Jejakin, conducted a mangrove planting activity at the Mangrove Arboretum Park, Tanjung Benoa,
Bali to protect the coastal environment and reduce coastal erosion. The activity took place on Friday, August 25, 2023 and resulted in the
successful planting of 2,000 mangrove seedlings. According to calculations and research by the Centre for International Forestry Research
(CIFOR), these 2,000 mangrove trees can absorb around 58,599 kg of CO2e within 8 years. This mangrove planting initiative in Bali was
undertaken to support the Maybank Marathon Bali 2023 to help reduce the event’s carbon footprint.
- On August 26, 2023, Maybank Indonesia together with Maybank Group organised a Sustainability Day event which was the first series of
Maybank Marathon 2023 activities. The Sustainability Day celebration showcased the sustainability journey, including the Bank’s and the
Group’s commitment and achievements, with sessions on R.I.S.E participation, the women’s economic empowerment with PT Permodalan
Nasional Madani, financial literacy by Citta Financial, mangrove forest education with Jejakin, sports equipment donation, and other
interactive sessions. The event also contributed to the community by engaging children in eco-friendly activities, supporting 27 schools along
the race route, organising student support, and distributing 14,000 eco-friendly bags.
- Focusing on regarding waste management solutions, especially organic waste management, and providing economic benefits to the
community, to better ensured its sustainability aspects, Maybank Indonesia launched the Eco Village Program including organic waste
processing activities using BSF maggot technology, waste sorting and selection (3R) education, and planting jackfruit trees as trees with
economic benefits. The launch event of the Eco Village Program-Towards a Beautiful & Clean Yogyakarta was held on Saturday, November 25,
2023 at 14.30 - 16.00 directly in the Petung Hamlet area, Bangunjiwo Village, Kasihan District, Bantul Regency, Special Region of Yogyakarta
Province. The BSF Maggot has the ability to decompose organic waste 2 to 5 times its body weight for 24 hours. Thus, Maybank’s BSF maggot
waste management method will be more effective in processing 500 kg of organic waste per day from 10,000 households in Petung Hamlet.
This program will also support the improvement of the circular economy through the cultivation of BSF maggots.
• Implementation of various programs related to healthy living:
- Implementing the Children Sprint and Wheelchair categories at the Maybank Marathon Bali event. Specifically for the Wheelchair category,
the number of participants reached 36 male and 14 female wheelchair runners from the Bali Disability Empowerment Center (PUSPADI Bali).
These disabled athletes took part in the 5K race on August 27, 2023. which was divided into 4 disability categories This activity is a real form of
Maybank’s support for disabled athletes and inclusiveness.
- Collaborating with the Indonesian Red Cross (PMI) to hold a blood donation activity, which is a routine program of Maybank Indonesia to
raise social awareness and promote a healthy lifestyles among employees, as well as meet the need for blood in Indonesia. This activity was
participated by 105 Maybankers on August 3, 2023, in a series of Maybank Sustainability Series events, and produced 81 blood bags.
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2024
Development Process of Business Sustainability Program until - EV Ecosystem initiatives that have been carried out by the Bank
2024: in 2024 include:
• Corporate Social Responsibility (CSR) work program was a. The Bank continues to finance electric and hybrid motor
adjusted by combining the focus of activities into three vehicles both directly and through subsidiaries., which in
main pillars, namely, Strengthening Education, Community 2024 reached a total of Rp1.91 trillion, namely Rp345 billion
Empowerment, and Environmental Diversity, as well as through direct financing from the Bank and Rp1.56 trillion
remaining responsive in responding to the distribution of through subsidiaries.
aid for disaster victims. b. Provision of Charging Stations for EV vehicles in Maybank
• Implementation of Sustainable Financial Action Plan Finance (MIF) Head Office area.
(RAKB) in 2024 and preparation of the Sustainable c. Organising events related to electric vehicles in collaboration
Financial Action Plan for 2024 in accordance with the with BYD.
Financial Services Authority Regulation (POJK) No. 51/ - The process of replacing LEDs and AC inverters in branch
POJK.03/2017 for Financial Services Institutions, Issuers, offices continues in 2024. There were an additional 171 branches
and Public Companies. In general, RAKB covers the including strategic buildings with installed LEDs and 143
implementation of sustainable finance, social responsibility branches, including strategic buildings with installed AC inverters.
programs, sustainability governance, and other activities - The reduction in emissions from Scope 1 and 2 for 2024, based
on sustainability. The initiative is divided into two stages, on internal calculations, was 1,241 tCO2e (bank only).
namely short-term and long-term plans. - The implementation of the “Duplex” project at the end of last
• Implementation of various programs with regard to year has resulted in a 28.7% reduction in paper usage compared
sustainability in 2024, including: to the same period last year.
Responsible Transition Enhancing Our Community
- The Bank collaborates with external parties, including • In 2024, the Bank remained consistent in organising 112
associations and NGOs, which focus on sustainability, training and e-learning programs related to sustainability
such as the Indonesian Renewable Energy Society (METI), for all employees, attended by 16,800 employees, with a
World Wildlife Fund (WWF), World Resource Institute total accumulation of 2,427 hours. In addition, each batch
(WRI), and Indonesian Sustainable Finance Initiative of the Induction program has received material related to
(IKBI). the fundamentals of sustainability, as well as the Bank’s
- Sustainability Hours activities (achievement of hours sustainability commitment.
spent by employees on sustainability activities) are • Training activities have been conducted for the Board of
running quite well at the Bank. In 2024, more than Directors in April 2024 regarding sustainability, focusing on
307,260 Sustainability Hours activities were recorded by “Financing Emissions and their calculation standards.” This
all employees. activity was attended by 4 of the 7 active Directors at that time,
- Updated industry Risk Acceptance Criteria (RAC) to as well as leaders in the business units.
include ESG-related criteria related to each industry: • The Bank has also integrated sustainability aspects into Key
a. Palm Oil RAC → issued on September 27, 2024; Performance Indicators (KPIs) at the management level, which
b. Mining RAC → issued on October 10, 2024; is two levels below the Board of Directors.
- Decarbonisation strategy per sector is conducted at the • The Bank also facilitates the broadcast of coverage on social
Maybank Group level, including consolidation from each media regarding the implementation of sustainability activities
country. that have been carried out and involve employees. Around 15
- The Bank has developed emission measurement contents were broadcasted this year through the Bank’s internal
capabilities, where the first phase, focusing on and external channels.
automating data collection and calculating emissions • The Green Lab Advocates (GLA) function in the Bank continues
from each debtor, has been completed and implemented to be developed and synergised. Roles and knowledge are also
in October 2024. developed periodically through internal activities and training
- In 2024, there was Global Banking (GB) financing on sustainability.
distribution of Rp827 billion for property projects • In terms of providing training to the sales team, the Bank has
that hold green certification, Rp283 billion for the conducted eight ESG Business Upskilling Series, focusing
provision of environmentally friendly transportation on employees who are directly involved with customers/
financing, and financing from Community Financial prospective customers. The focus sectors that are of concern
Services (CFS). There was an outstanding of Rp56 billion include: energy, renewable energy, agriculture, oil and gas, real
in the renewable energy sector and Rp63 billion for estate, and transportation.
environmentally friendly transportation financing. • The Maybank Sustainability Practitioner Certification Program, as
a certification program that collaborates directly with UNGCMYB
(United Nations Global Compact Network Malaysia and Brunei)
was implemented for Maybank Indonesia in November 2024, with
4 specialists participating in the program.
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• The Bank consistently supports employee physical health Negeri di Awan program serves as a strategic framework to
by providing 11 types of sports clubs that can be joined guide activities across regional offices and main branches. There
by employees both at the Head Office, Jakarta Region, are three main objectives of this program:
as well as Subsidiaries and sister companies. Meanwhile,
for out-region employees, the Bank continues to provide First, to enhance financial literacy and other essential skills,
material support for similar activities that can be carried empower individuals to manage their finances and improve
out independently as needed. This year, the Bank also held a other literacy competencies.
Sport Championship which was attended by approximately
480 employees. Second, to collaborate with stakeholders in addressing literacy
• Implementing literacy and education activities regarding challenges by providing integrated educational resources for
digital optimisation in improving the penetration of Sharia early childhood, housewives, and teachers.
finance by organising activities with the Sharia community,
MSMEs, and students, with a total number of 1,575 Finally, to increase interest in reading and arithmetic from
participants. an early age through the read-aloud method, which helps
• Participating in Sharia event activities, including the IB improve reading and arithmetic indexes in a fun and interactive
Vaganza expo, and the Indonesia Sharia Economic Festival, environment.
which is an annual program by Bank Indonesia on October
30 – November 3, 2024. Negeri di Awan program consists of four main activities,
• Conducting various corporate social responsibility (CSR) starting with the Maybank Indonesia Global CR Day event,
activities including: which is the beginning of the literacy movement. This activity
Education Strengthening Pillar reaches various beneficiary groups through various interesting
- Maybank Cash Ville Kidz: a financial education program activities, which are held simultaneously at Community Reading
for elementary school students (SD) implemented together Parks near Maybank Indonesia branch offices. This program
with Money Tree Asia Pte Ltd. (Money Tree) based on is carried out simultaneously in 66 locations throughout
animation that aims to prepare future leaders aged 9-19 to Indonesia, reaching 3,367 beneficiaries.
better understand the mechanisms and financial literacy for
their future. In 2024, the Cash Ville Kidz program reached This program also includes several main initiatives designed to
23 elementary schools and was attended by around 6,545 ensure broad participation, namely by implementing Teacher
students in Jakarta, Yogyakarta, and Medan. Literacy Training, Literacy Activities at Maybank Reading Parks,
and the Wall Magazine Project.
In 2024, the Maybankers BAIK community developed into
Employee Volunteering #JADIBAIK which was initiated Until December 2024, Negeri di Awan program has successfully
through the CashVille Bootcamp and CashVille Goes to carried out 3 main activities, reaching 66 reading parks, 289
School activities, as well as Global CR Day. Employee schools, 2,967 children, and 2,825 adults.
involvement in social and environmental activities increased
this year with a total involvement of 3,165 employee This program engages 2,632 employee volunteers, with a
volunteers in 2024. total contribution of 8,264 working hours. These numbers are
- Maybank Internship Program: an internship program expected to continue to increase, considering that several main
that provides opportunities for students to gain practical activities are still ongoing and scheduled to last until September
work experience, hone skills, expand networks, and learn 2025.
more about bank operations. A total of 8 students from
several universities in Indonesia, such as the University of Community Empowerment Pillar
Indonesia, Padjajaran University, Jakarta State University, - “Marathon of Kindness” at Maybank Marathon 2024:
Prasetia Mulya University, and Pertamina University have Since it was first held in 2012 in Bali, the Maybank Marathon
participated in the internship program during 2024. They has become an annual event that is eagerly awaited by running
were placed in several work units such as Sustainability, enthusiasts. In line with its commitment to sustainability,
Corporate and Brand Communication, Shariah, Human Maybank Marathon 2024 carries the tagline “Marathon
Capital and Market Intelligence. of Kindness,” where this event is more than just a running
- Negeri di Awan Literacy Program: this program is an competition that allows participants to develop themselves and
integrated and dynamic literacy initiative that combines overcome challenges, but more than that, it also contributes
education and employee volunteer activities in a fun way. and spreads kindness to society and the environment, thus
Collaborating with the Ministry of Education, the Financial providing a positive impact, especially in Bali.
Services Authority (OJK), and literacy communities, such as
Yayasan Pelangi Ekanusa, Community Reading Park Forum,
the Walking Library, Literacy Teachers and the Read Aloud
Community, this program aims to make literacy, especially
financial literacy, accessible to various groups.
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Marathon of Kindness focuses on four sustainability The final focus, in Carbon Offset, is the introduction of solar-
categories: Community Engagement, Waste Management, powered charging stations featuring 10 portable units, each
Carbon Offset, and Carbon Reduction. station equipped with four charging ports. This brings the total
to 40 charging ports in the Race Pack Collection (RPC) area, all
First, in the Community Engagement and Social Impact powered by renewable energy.
category, the event integrated various initiatives, including
the Shoe Donation Program and Run For Charity, which Moving forward, the event continues to integrate sustainability
were newly introduced in 2024. The Shoe Donation agendas into all its activities. This is in line with the spirit of
Initiative successfully collected 97 pairs of used running the Maybank Marathon, which encourages runners to adopt a
shoes and raised Rp75 million through auction to help healthy and sustainable lifestyle while creating a positive impact
the underprivileged. The Run for Charity Program was on the Indonesian community and the environment.
participated in by 23 runners and raised Rp478 million - Reach Independence & Sustainable Entrepreneurship (RISE):
to support various social activities. The School Cheering Maybank Indonesia and Maybank Foundation together with
Initiative involved 25 schools, and around 2,500 students People System Consultancy continue the Reach Independence
and teachers, creating a vibrant atmosphere for the and Sustainable Entrepreneurship (R.I.S.E.) training series for
marathon. The inclusion of a wheelchair race category communities with disabilities and marginalised. This program
promoted inclusivity, with 50 participants. Lastly, there was aims to enhance entrepreneurial knowledge, microenterprise
the presence of the Sustainability Pavilion, which showcased capabilities of disabled and marginalised MSMEs, and create an
Maybank Foundation’s flagship programs, namely RISE independent community through business development and
and MWEW, as well as other Maybank initiatives, to raise good financial planning so that it can have a positive impact on
awareness of sustainability practices. The pavilion recorded increasing income and welfare.
a transaction of Rp8.5 million, involving 25 schools and
around 12,700 visitors in sustainability education activities. In 2024, online and offline training activities were conducted
with a total of 2,432 participants from several cities/regencies in
Secondly, in the Waste Management category, new Sumatra, Java, Kalimantan, Sulawesi, NTB, and NTT.
initiatives were introduced, including Reusable Silicone - Art and Cultural Heritage Preservation Program:
Cups, Plogging Runners, and the Eco Village Program. In connection with the Nyepi Saka 1946 Day, which falls on
Reusable Silicone Cups replaced single-use plastic cups, March 11, 2024, Maybank Indonesia participated in supporting
with 1,300 cups sold to participants, reducing plastic waste the art and cultural activities of making Ogoh-ogoh through the
and the carbon footprint of the event. The Plogging Runner Denpasar and Mataram Branch Offices. Ogoh-ogoh is a work of
initiative, where six volunteers cleaned up trash along art sculpture that is carried in a parade and is part of a tradition
the 42.195 km route, raised environmental awareness. In that cannot be separated from the celebration of Nyepi Day.
collaboration with Eco-Bali, the event’s waste management The large-sized Ogoh-ogoh, which resembles a giant statue,
processes at least 98% of organic waste, paper, plastic, is carried by a group of people around the village on the night
and metal, leaving only 1.9% residue to be disposed of before Nyepi Day.
in landfills. In addition, the use of eco-friendly runner
flags also promotes environmentally friendly practices, Moreover, during Ramadhan 2024, Maybank Indonesia together
further establishing the event’s leadership in integrating with employees held a series of activities aimed at improving
sustainability into sporting events. self-quality and concern for others, such as Ramadhan studies,
religious lectures, and orphanage donations.
Third, in the Carbon Offset initiative, more than 2,500
mangrove trees were planted at the Mangrove Arboretum In addition, through the Maybank Islamic Regional Ramadhan
Park in Tanjung Benoa, continuing last year’s successful Relief 2024, an annual initiative committed to distributing basic
effort of planting 2,000 mangrove trees at the same necessities to underprivileged families in the ASEAN region, and
location. In 2024, almost 20% of the seedlings planted were Dubai, Maybank Indonesia also participated in distributing aid
donated through runners’ contributions, reflecting their to 590 families in Jakarta and Aceh.
active involvement in the Goodness Marathon effort.
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Pillar of Environmental Diversity - Maybank Women Eco-Weavers Program:
- Maybank Cycling Series Through the Maybank Women Eco-Weavers program, training
The Maybank cycling series was successfully implemented has been provided to 50 weavers and 50 farmers who have
in May 2024 in DIY Yogyakarta. Reaching 180 direct planted 18,990 cotton trees by September 2024. Training and
beneficiaries with the construction of waste management mentoring are carried out continuously.
facilities in the Bantul area, which will contribute to the - Blood donation:
management of organic waste and at the same time boost In 2024, the Bank organised a Blood Donation activity at the
the economy in the surrounding area. In addition, the Head Office which was attended by all employees both at the
facility will have an estimated impact of around 30,000 Head Office, Jakarta Region, as well as Subsidiaries and sister
indirect beneficiaries. companies. This activity was participated in by 191 employees
- Eco-Friendly Village Program: and successfully produced 150 blood bags.
Since November 2023, the Bank has helped solve the waste - FLPP (Housing Financing Liquidity Facility)
problem in Yogyakarta. Bangunjiwo was chosen because it The Bank also continues to distribute financing in the social
is part of the economic and social buffer zone of the City of category through FLPP (Housing Financing Liquidity Facility)
Yogyakarta, where of the 542.18 tonnes of waste produced financing, where in 2024 there was new financing of Rp500
daily by Bantul, 57.37 tonnes or 11% of it comes from Kasihan billion.
District, including Bangunjiwo. Ensuring Orderly Order and Commitment to Speech
• A sharing session related to the “Technical Workshop Green
Thus, the Eco Village program started in Bangunjiwo. With Financing” was held by Denton law firm. This activity was
the support of the BenihBaik.com NGO, Maybank Indonesia attended by 92 participants as an effort by the Bank to expand
together with the Maybank Indonesia Foundation began to knowledge in the scope of Corporate Legal & Litigation and
approach the community, to educate residents to dispose other related units in the aspect of sustainability.
of organic waste from households, so that only non-organic • The Maybank Sustainability Series program was implemented
waste is sent to the TPA. in July, attended by 61 participants, as part of capacity building
and efforts to strengthen sustainability throughout the Bank’s
As a first step, a maggot cultivation facility was established operations.
in Petung Hamlet, Bangunjiwo Village. Maggots are larvae • A talk show related to sustainability with Management has
that decompose organic waste. Local residents cultivate been held in the Maybank Group Sustainability Week (MGSW)
maggots, sort waste, and process organic waste into activity in September, attended by almost 200 participants.
animal feed and fertiliser that have economic value for the • A series of talk shows with ESG experts and players was held in
community. various sustainability activities this year, such as in the Maybank
Sustainability Series and the Industrial Update session.
Residents are starting to feel the result. “So far, the • The Bank continues Bottom-Up Climate Risk Stress Testing
economic benefits have shown a real increase, because (CRST), where the Bank’s assessment results for CRST have been
housewives use organic waste to make maggot feed. This submitted to OJK on July 30, 2024.
side business only requires an initial investment in the • The Bank has also conducted ESG screening on every non-retail
form of maggot seeds for Rp3,500 per gram, which can loan application and the implementation of Risk Acceptance
grow into 4 kg of maggots with a selling price of Rp7,000 Criteria (RAC) in certain sectors.
per kilogram,” said Mrs. Astuti Pujiasih, a resident of • Implementation guidelines governing the application of THI
Bangunjiwo Village. have been published and socialised to implementing work units.
This document will continue to be developed following the
The operation of this facility involves more than 20 workers. latest directions and updates from OJK.
Currently, the facility has processed up to 350 kg of organic • The Bank has submitted its Sustainability Report in accordance
waste, and is gradually expected to reduce the burden of with POJK No.51/POJK.03/2017 standards, while also using
organic waste by up to 500 kg per day. The facility has also international references, including:
begun to generate additional economic value for residents, - Global Reporting Initiatives (GRI) Standards 2021;
with a monthly income of up to Rp5.2 million. - Sustainable Banking Assessment (SUSBA);
- Environmental, Social, Governance Pillars by WWF for
Not only in Yogyakarta, the Eco-Village program has also Nature;
been expanded to Sanding Village, Tampaksiring, Gianyar - IFRS – S2; and
Regency, Bali, in conjunction with the Maybank Marathon - ASEAN Corporate Governance Scorecard.
2024, which was held in August 2024. The facilities and
training programs that are currently under development
further emphasise Maybank Indonesia’s commitment to
sustainability and community empowerment.
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Team buildings reinforce the spirit of ‘One Team,
One Direction, New Energy’, driving performance
while fostering cohesion and synergy among
Maybank Indonesia employees in facing common
challenges.
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234 Human Capital
251 Information Technology
255 Branch Network Development
257 Operations and Customer Service
263 Risk Management
Functional
Review
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Human
Capital
In facing increasingly tight business competition and
rapid technological developments, Maybank Indonesia
is committed to continuously improving the quality and
capabilities of human capital as one of the Bank’s main
assets.
Human Capital Development Framework to deliver growth, efficiency, and real impact. This program
2024 integrates a focus on strengthening work culture, accelerating
Maybank Indonesia’s commitment to promoting sustainable digitalisation, and developing human capital, all of which are
growth is reflected in its strategic program through the M25+ essential for business sustainability in an increasingly complex
Transformation, which provides alignment in digitalisation and competitive era.
acceleration, including system development in MyHR2U,
Human Capital development, and cultural transformation. These One of Maybank Indonesia’s strategic priorities in strengthening
initiatives include the implementation of Agile practices such the organisation to face future challenges is Cultural
as Daily Stand Up (DSU), Kanban, and Retrospective, as well transformation. 2024 represents an important momentum for
as the formation of Bionic Squad to promote cross-functional continuing to intensify cultural transformation initiatives, with
collaboration and innovation. Maybank Indonesia ensures that the aim of creating a more adaptive, collaborative, and results-
the implementation of Critical Few Behaviors improves every oriented work environment.
employee’s growth mindset, thereby supporting productivity and
business sustainability in an increasingly complex era. The Bionic Squad program is one of the main pillars in this
cultural transformation. Bionic Squad is a cross-work unit team
In 2024, Maybank Indonesia remains committed to becoming designed to encourage effective collaboration and innovation
a leading financial services provider in Indonesia and carrying through an agile approach. This approach not only increases
out the mission of Humanising Financial Services and becoming productivity but also creates a culture that encourages
an employer of choice by implementing an innovative and innovation and data-based decision-making. In addition
sustainable human resource management framework to create to building collaboration through Bionic Squad, Maybank
value and serve the community. Indonesia also emphasises the implementation of Critical Few
Behaviors as the main foundation in establishing a superior
The M25+ Transformation is Maybank Indonesia’s strategic work culture. Critical Few Behaviors refer to main behaviors that
program in driving sustainable growth and achieving the Bank’s have been identified as the key to organisational success. The
vision. In 2024, this transformation journey continued with a implementation of Critical Few Behaviors is designed to build
focus on several key pillars that support changes in all aspects a growth mindset across all levels of the organisation, ensuring
of the business and organisation. The M25+ transformation is that each person understands and carries out his/her role in
not just a strategic initiative, but a holistic approach designed supporting the Bank’s goals.
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In general, the implementation of Human Resouces development •Developing HC capabilities and readiness for
framework throughout 2024 is as follows: futurisation, including accelerating competency
1. Growth Acceleration for Bank Enhancement development programs and succession planning of
• Strengthening HC management to optimise employee technology and digital capabilities in order to create a
productivity in the spirit of growth. bionic workforce in accordance with the M25+ Unlimited
• Continuously revitalising the organisation to ensure an Potential (M25+UP) strategy.
optimal working model for the Bank’s business growth, • Optimising new work patterns to attract, retain, and
strategically addressing the appropriate workforce enhance engagement for all employees, including new
composition. generation talents.
• Strengthening the involvement of Unit Heads, Branch • Continuing to implement of a culture of innovation and
Managers and Line Managers as drivers of productivity, continuous improvement across all lines.
operational risk mitigation, and HC managers. • Strengthening HC digital transformation with a customer
• Improving productivity by ensuring optimal fulfilment of centric approach to enhance employee experience.
HC capabilities and capacities. 3. Human Capital Sustainability
• Ensuring productivity based on targeted and measurable • Adopting a sustainability culture and capabilities,
performance targets and focusing on the process and including encouraging sustainability initiatives in Human
end results. Capital.
• Implementing a performance-based reward system • Ensure the availability and readiness of successors for
and positive consequence management, supported by critical positions.
proactive employee retention efforts amid fierce HC • Ensure HC readiness through the implementation of
competition. succession planning and accelerated development
• Maximising the impact of hybrid learning methods in HC for talents in critical positions and their successors to
development to ensure positive outcomes for business address existing competency gaps.
growth. • Implement knowledge management more extensively.
• Encouraging engagement initiatives to strengthen • Continue the promotion and implementation of
employees’ pride as Maybankers (Proud to be Good Corporate Governance (GCG) and a culture
Maybankers), and involving Unit Heads, Branch of compliance, including preventive actions and
Managers and Line Managers in engagement sessions to mitigations, as part of Maybankers’ way of working.
enhance team synergy and energy. • Continue implementing mandatory job rotations.
2. Readiness to Face M25+ (M25+ Future-Ready) • Prioritise the fulfilment of mandatory training and
• Aligning organisational revitalisation continuously to certification programs as part of the HC competency
ensure the Bank’s readiness for futurisation, covering standards at Maybank.
workforce, workplace, and workstyle futurisation. • Implement cultural transformation to create a better
working environment for employees by adopting a more
flexible, open, and technology-based approach.
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Human Capital Profile and Demographics
Maybank Indonesia has a total of 6,992 employees. This figure considers business development and operational needs in terms of
quantity and quality.
Number of Employees by Level of Organisation
Level of Organisation 2024 2023 2022
Executive Vice President 15 14 8
Senior Vice President 95 79 81
Vice President 389 359 321
Assistant Vice President 586 529 479
Senior Manager 882 811 751
Manager 1,372 1,274 1,276
Assistant Manager 2,900 3,072 3,106
Staff 572 652 726
Non-Staff 181 175 174
TOTAL 6,992 6,965 6,922
Number of Employees by Directorate
Directorate 2024 2023 2022
Community Financial Services 4,091 4,115 498
Finance 194 183 179
Global Banking 180 170 160
Human Capital 140 174 300
Information Technology 400 395 320
Legal, Compliance, Corporate Secretary and Anti Fraud 116 110 106
Operations 947 996 1,029
Risk Management 468 459 450
Under President Director 339 363 3,880
Sharia Business Unit* 117 - -
TOTAL 6,992 6,965 6,922
* Became a Directorate in 2024
Number of Employees by Gender
Gender 2024 2023 2022
Male 3,119 3,108 3,105
Female 3,873 3,857 3,817
TOTAL 6,992 6,965 6,922
Number of Employees by Education Level
Education Level 2024 2023 2022
Doctorate 2 - -
Postgraduate 420 396 379
Bachelor 5,467 5,428 5,342
Associate (D1, D2, D3, D4) 752 766 803
High School and equivalent 351 375 397
Junior High School and equivalent - - 1
Elementary School and equivalent - - -
TOTAL 6,992 6,965 6,922
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Number of Employees by Employment Status
Employment Status 2024 2023 2022
Permanent 6,719 6,667 6,509
Non Permanent 273 298 413
TOTAL 6,992 6,965 6,922
Number of Employees by Age
Age 2024 2023 2022
17-25 years 270 366 333
26-30 years 1,204 1,193 1,268
31-35 years 1,488 1,539 1,564
36-40 years 1,479 1,398 1,334
41-45 years 988 936 871
46-50 years 686 651 698
>50 years 877 882 854
TOTAL 6,992 6,965 6,922
Number of Employees by Length of Services
Length of Services 2024 2023 2022
Less than 1 year 918 1,965 1210
1 - < 3 years 1,637 777 1028
3 - < 5 years 633 846 964
5 - < 10 years 1,275 1,045 1166
10 - < 15 years 983 811 872
15 - < 20 years 400 458 476
20 years and above 1,146 1,063 1206
TOTAL 6,992 6,965 6,922
Recruit Right
In today’s competitive business environment, recruitment strategy is a key element in supporting the sustainability and growth of the
Bank. Recruitment is more than just increasing the number of employees; it is, however, a strategic process that ensures the Bank has
competent, dedicated, and innovative individuals who align with the Bank’s vision and values.
One of the main pillars of the Bank’s recruitment strategy is using the 4C concept, which stands for Competence, Commitment,
Contribution, and Culturally Fit.
01 COMPETENCE
02 COMMITMENT
03 CONTRIBUTE
04 CULTURALLY FIT
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This concept emphasises the importance of recruiting individuals who not only have technical skills, but also the passion and values that
are in line with the culture that exists at Maybank Indonesia:
1. Competence: Competence includes technical and non-technical abilities that are relevant to the needs of the organisation.
Individual competencies can be identified through specific behavioral indicators, such as analytical skills, leadership, and innovation.
2. Commitment: Commitment ensures that individuals have an emotional and professional attachment to the goals of the
organisation.
3. Contribution: Contribution is not only measured by individual performance results, but also his/her contributions in creating a
collaborative and conducive work environment.
4. Cultural Fit: Cultural fit is a significant factor because individuals who have values that are align with the organisation are more likely
to have higher levels of productivity and performance satisfaction.
Maybank conducts its recruitment process without discrimination, including Ethnic, Religion, Racial, and Intergroup (SARA)
discrimination. These key principles are outlined in the DEI (diversity, equity and inclusion) policy which not only supports social
sustainability, but also gives real business impacts.
Maybank Indonesia successfully recruited 1,039 employees, which includes 948 professional hires from diverse backgrounds with
relevant skills and experience, as well as 91 fresh graduates from various universities who are actively participating in several
development programs. The data for the last three years related to Maybank Indonesia’s professional hires and fresh graduates are as
follows:
Description 2024 2023 2022
Fresh Graduates 91 119 218
Professional Hires 948 986 1,126
Total 1,039 1,105 1,344
This recruitment also contributes to the implementation of various Maybank Group Strategies, particularly Strategic Programme 7
(Uplifting Indonesia), which aims to strengthen Maybank Indonesia’s position through expansion and growth in various business lines.
Several initiatives developed by Maybank to achieve the “Recruit Right” goal include:
1. Enhancing the quality of the process and compliance in the entire recruitment process.
2. Continuing to strengthen the Know Your Employee (KYE) process by tightening SLIK checking.
3. Expanding positions in talent mapping to identify talents both from within and outside the Bank to fill strategic positions.
4. Collaborating with other work units to create synergy in understanding talent needs and market conditions.
5. Working with Maybank Group and independent external parties to review the Employee Value Proposition (EVP) through various
activities, namely:
a. Mini Survey and Focus Group Discussion (FGD) conducted internally,
b. Surveys and workshops conducted together with Maybank Group and independent external parties.
6. Strengthening Maybank Indonesia’s employer branding through various activities, such as:
a. Collaboration with universities: Bank employees serving as resource persons, guest lectures at various campus events.
b. Increasing the number of mass hiring, campus hiring, and job/career fairs.
c. Intensifying the publication of relevant content about the daily lives of Maybankers on social media.
7. Expanding the student internship acceptance pathway to:
a. Regular internship acceptance pathway from university partners.
b. Project-based internship acceptance pathway.
c. Acceptance pathway through Certified Independent Internship and Study (MSIB) Batch 7
8. Organising various programs in an effort to attract quality young talent through the #Mbassador program and intern engagement.
9. Digitising the employee recruitment process in line with continuous efforts of improvement and increasing productivity.
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Perform Right application of Agile methodology, as well as improve employee
Objectively, Maybank Indonesia manages its human capital learning experience with user interface (UI/UX) design based on
based on performance, emphasising coaching and one-on- Human-Centered Design principles.
one communication between employees and managers. Line
managers are equipped with the ability to conduct coaching MyNet functions as an internal communication channel that
and have powerful conversations, both of which are critical provides the latest information for employees. Through MyNet,
components of the managerial development program. employees can obtain information related to the Bank’s culture,
Maybank Indonesia also continuously streamlines performance employee engagement programs, training, product promotions,
management processes by utilising technology. and the latest news. In addition, MyNet also supports referral
and pipeline program communication, so that all employees can
The Bank monitors and evaluates employees’ performance continue to be connected with relevant information.
online through internet networks. To maintain the quality of
performance management in the Bank, the Human Capital Mayang2U is an Artificial Intelligence (AI)-based chatbot service
Directorate collaborates with relevant units to ensure that provides real-time responses to various employee questions
alignment between the Bank’s strategy and targets and the Key related to human capital policies and personnel administration.
Performance Indicators (KPIs) established for each unit and This service is designed to provide fast, accurate, and efficient
employee. The implementation of a coaching culture is part of all solutions in meeting the needs of personnel information and
employees’ Performance Improvement Plans (PIPs). services.
Employee performance management is implemented SAP is a platform used to manage organisational structures,
alongside other HC management processes to ensure process personnel data, payroll, and employee benefits. SAP helps ensure
effectiveness. Performance assessment results are critical in that employee data management runs transparently, structured,
determining employee development, career advancement, and efficiently. Equpped with integrated features, this platform
and remuneration acceptance, in accordance with the Bank’s is an important element in supporting the Bank’s personnel
meritocracy culture. administration process.
Career progression and employee promotion processes are The Bank continues to develop these systems by improving
implemented while taking into account the employees’ readiness data security, optimising user interface design (UI/UX), and
to assume higher positions. As part of its commitment to server performance. These measures aim to ensure that the HC
supporting business goals, Maybank Indonesia’s Human Capital information system can function optimally, innovatively, and
continues the Sales Culture program, which promotes a sales efficiently in supporting employee productivity and supporting
culture throughout the organisation. Maybank Indonesia’s the achievement of the Bank’s vision and mission.
Human Capital makes a significant contribution to strategic
initiatives that support business growth and the Bank Organisational Structure
productivity, as well as other transformation projects that require In 2024, Maybank Indonesia consistently improves and renews
coordination among various units within the Bank. itself in increasing productivity, organisational effectiveness
and optimal performance. The Bank has made the following
HC Information System organisational changes:
The Bank constantly develops internal systems for its employees 1. Improving the Bank’s system in Core Banking Systematics
to support digital and efficient human resource management, (CBS). The Bank has formed a new work unit under the
including MyHR2U, MyCampus, MyNet, Mayang2U, President Director, namely the Core Banking Project
MyJourney and SAP. One of the main platforms is MyHR2U, work unit to focus more on implementing Core Banking
an employee self-service and management self-service based Systematics, running in a planned and coordinated manner,
system that facilitates employees to access various employment managing risks during the migration or development process,
administration processes. Through this platform, employees and ensuring that the Bank’s business and operational needs
can apply for leave, update personal data, and access personnel- can be met efficiently and on time.
related information quickly and easily via the website or mobile 2. Establishment of the Sharia Business Unit Directorate to
application. ensure the implementation of the Sharia Banking growth
optimisation strategy that focuses on sharia-based services,
MyCampus is a platform that focuses on managing employee Sharia Wealth Management products, and approaches to the
training and development. MyCampus offers learning materials Muslim community as part of the alignment of the Maybank
in various interactive formats, such as videos, articles, e-books, Group’s strategy in implementing the M25+ Strategy which
and podcasts. This platform aims to form a growth mindset, focuses on building Global Islamic Banking leadership and
support the development of Future Ready Skills through the improving Indonesia in Islamic Banking.
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Develop Right participated in training, reflecting the Bank’s strong commitment
In facing increasingly tight business competition and rapid to continue to encourage the development of HC capabilities at
technological developments, Maybank Indonesia is committed all levels of the organisation.
to continuously improving the quality and capabilities of human
capital as one of the Bank’s main assets. This commitment is Talent management in Maybank Indonesia has always been
realised through various training programs that are designed in a a primary focus and emphasises Succession Management to
structured, comprehensive, and hierarchical manner according to ensure the availability of successors who are competent in terms
the organisational level to support employee development both of hard skills and soft skills so that they are ready to fill critical
personally and professionally. positions in the future. The critical positions referred to in the
Bank consist of Mission Critical Positions (MCP) and Operations
The HC development program aims to produce future leaders Critical Positions (OCP). Succession Management consists of
who are competent, adaptive, and highly competitive amidst the identification process, provision of fundamental data, and
the ever-changing dynamics of the industry. All of these training planning of appropriate development programs for talent. The
and development programs are designed in accordance with entire process is planned and reviewed periodically every year
Maybank Indonesia’s strategy so that they can be implemented along with the identification process (talent review), which
efficiently, effectively, and integrated to boost the Bank’s includes Talent Classification for all employees and identification
overall performance improvement. The employee development of potential talents as successors to leaders in critical positions
process involves four main components, namely Training Need in the Bank, so that the Bank has the right reference data for
Analysis, Training Design, Training Implementation, and Training employee development and remuneration in the future.
Evaluation.
Assessment and data collection are not only concerned with
Maybank Indonesia also takes advantage of technological achieved performance but also with each employee’s potential
innovation through various platforms, including e-learning, to for future development. Moreover, talent management also
create relevant and refreshing learning experiences. One of the includes Maybank Indonesia’s affiliated companies, such
leading initiatives is the launch of a new e-learning platform as Maybank Finance, WOM Finance, Etiqa, Maybank Asset
equipped with a learning wallet feature, which is designed to Management, and Maybank Sekuritas Indonesia, to align
offer flexibility, interactivity, and convenience in the learning the methodology used in the identification process to talent
process. With this approach, Maybank Indonesia is committed development, thus enabling the creation of a larger talent pool
to continuously improving HC capabilities as the Bank’s main within the Maybank Indonesia organisation.
asset while supporting the achievement of the Bank’s strategic
objectives. Employee Competency Development
Model
Maybank Indonesia also continues to run various leadership When developing employee competency, Maybank Indonesia
development programs for successors who are prepared to fill applies the 70:20:10 development principle to create effective
key positions in branches. This measure is taken to ensure the development programs. Based on this principle, every employee
sustainability of leadership quality and maintain high standards receives development opportunities through three main
in the Bank’s leadership management. approaches, namely on-the-job learning (70%), relationship-
based learning (20%), and formal training, either in classes or
In addition, the quality of training implementation continues to e-learning (10%).
be improved through various strategic initiatives. One of them
is preparing and equipping internal trainers to be able to deliver As an implementation of this principle, Maybank Indonesia
internal training materials online more effectively and efficiently. also provides a structured training model known as “Structured
This effort ensures that each training remains relevant, Learning.” This training model is designed holistically, covering
interactive, and able to provide optimal impact. all aspects of the 70:20:10 principle by offering briefing classes,
on-the-job training, and mentoring programs. In addition, several
Through the various efforts above, Maybank Indonesia has programs include comprehensive assessments, either through
successfully recorded a total of more than 380,000 training written tests or in-depth evaluations conducted by the Board of
hours in 2024, equivalent to an average of 7 days of learning per Examiners (BOE).
employee. This achievement includes various training methods,
including online training through e-learning platforms, which This approach ensures that each development program is not
contribute significantly to increasing access and effectiveness of only relevant but also able to encourage comprehensive and
learning. This achievement also shows an increase compared to sustainable employee competency improvement.
the previous year, both in terms of total training duration and the
number of employees involved. In 2024, 99% of employees had Meanwhile, in order to compile the content of the employee
competency development program, the Bank designed a program
that aligns employee fields of work, positions, and levels. This
program is then categorised into 5 (five) levels based on an
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organisational level as follows: • BOD Reachout Program (Region Adoption/Visit), a
• The Foundation level, which focuses on Execution, is mentoring, coaching, and online visit program to branch
intended for Staff and Assistant Manager levels. offices and regions in Indonesia to support performance
• Intermediate 1 level, which focuses on Building Relationships, achievement, develop key talents, and provide strategic
is intended for Manager and Senior Manager levels. direction in improving the effectiveness of work processes in
• Intermediate 2 level, which focuses on Influence and branches and regions.
Empowerment, is intended for Assistant Vice President and
Vice President levels. Moreover, the Board of Directors also plays an active role as
• The Advance level, which focuses on Strategic Direction mentors and sponsors in various internal development programs
and Alignment, is intended for Senior Vice President and of the Bank, ensuring the sustainability of HC development at all
Executive Vice President levels. levels of the organisation.
• C-Level level, which focuses on Visionary Direction and
Alignment, is intended for Director level. Realisation of Education and Training
Programs
These levels serve to assist employees to be able to follow To meet the needs of Human Capital (HC) and strengthen the
training programs according to what is needed for their position organisational bench strength for both business and nonbusiness
or position. This is also in line with the leadership competencies purposes, Maybank recruited 259 young Maybankers in 2024 as
that have been adopted by Maybank, which are called part of 10 batches of education programs for recent graduates. In
SEARCH(+) competencies and consist of: 2024, the learning process was carried out using both online and
SEARCH: face-to-face methods.
• Strategic Visioning
• Engaging and Developing Talent The programs conducted in 2024 include the Privilege Banking
• Spirit of Achievement Program for the marketing funding segment with a total of 3
• Cultivating Relationship batches and 64 participants, the Talenta Service Program for
• Customer Centricity Customer Service and Teller with 2 batches and 101 participants,
• Innovation and Change the Management Development Program for the Credit
segment with 3 batches and 53 participants, the Management
(+) Competencies: Development Program for the Mortgage segment with 1 batch
• Raising The Bar and 20 participants, and the Young Maybanker Program for
• Navigating Complexity non-business functions at the manager level with 1 batch and 21
• Global Acumen participants.
To develop HC sustainably, Maybank Indonesia pays special Maybank Indonesia continues to conduct face-to-face/offline
attention to employees who are considered to have high training to improve learning effectiveness, particularly for
potential and performance to be prepared as successors in the technically oriented banking training. The Bank also offers
future. They are given the opportunity to follow a specifically relevant and up-to-date learning media as a supplement in the
designed development program, based on the 70:20:10 principle, form of self-produced learning videos. These videos can be easily
in order to optimise the best potential in the talents. This accessed by all employees through the MyCampus application,
program is also designed to provide direct exposure to the Board thus supporting flexibility and convenience in the learning
of Commissioners, Board of Directors, and management, to process.
improve leadership and strategic thinking capabilities, as well as
business analysis acumen. Maybank Indonesia has produced more than 90 instructional
videos and interactive e-learning modules covering both
As part of an integrated development approach that covers all technical and non-technical banking materials. This number
levels of the organisation, Maybank Indonesia also offers an shows a significant increase compared to the previous year,
exclusive program for the Board of Commissioners through the reflecting the Bank’s commitment to providing high-quality,
BOC Executive Learning Course. This online learning program relevant learning content to support the development of
is supported by speakers and materials from leading world employee competencies on an ongoing basis. To provide wider
educational institutions, with a primary focus on 6 Future Ready learning opportunities for all employees, external online learning
Skills and Sustainable Finance. platforms are also offered, namely Qubisa and Percipio. These
internal and external training platforms are one of the flexible
The Board of Directors’ competency development is conducted self-learning media where employees can access them at any
through the BOD Privilege Program, which covers several leading time and anywhere from any device.
initiatives:
• Executive Speaking, a public speaking activities by the Board
of Directors in institutions, communities, or media related to
certain topics.
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In 2024, the Bank implemented numerous programs to improve In addition to these programs, there are many other training
skills and capabilities, with the main focus on enhancing programs themed Future Ready Skills through The Guru Series
employee performance and having an impact on the Bank’s seminars. In-person and online training and development, as
achievements. These programs include training to enhance well as ongoing activities include: General Induction Program,
selling skills, deepen business understanding, improve Induction Program, Go for Excellence, Roar Habit, Effective
credit analysis capabilities, and build a compliance culture Communication Skills, Manager as a coach, Problem Solving
to raise awareness of the importance of compliance among and Decision Making, Basic Human Centered Design, Coaching
all employees. The Bank also ensures that all mandatory for the Best Talent, Outplacement, Ms Excel, Creativity and
certification programs imposed by regulators are met properly. Innovation. These programs run throughout 2024, reaching more
In addition, the Bank also introduces learning journeys that than 6000 employees who participated in leadership and power
are specifically tailored to business units in order to develop skills training.
the capabilities needed to support employee performance.
Furthermore, the Bank emphasises improving technical skills Maybank Indonesia aligns its strategy with each function to
through programs such as data analysis, financial modeling, and bolster the organisation’s accomplishments in 2024. BIGER
effective utilisation of banking systems and software. (BIONIC TIGER) 2024 is a team-building session organised by
each work unit to enhance collaboration among employees,
By sharpening these skills, the Bank equips its employees with improve skills in utilising empowerment technology and the M2U
training needed to enhance decision-making processes as well as digital application, and raise awareness of sustainability efforts in
maintain a high level of accuracy in daily tasks. These trainings line with Maybank’s strategy. The session focuses on the themes
also reinforce a culture of continuous learning, ensuring that of Collaboration, Productivity, and Agility to align the directorate
employees are always ahead of industry trends and technological and regional strategies with Maybank’s strategy by carrying the
advancements. This comprehensive approach empowers Scale Up theme using the Indonesian children’s song “Naik-Naik
employees to perform optimally and promote success at both ke Puncak Gunung.”
the individual and organisational levels. Moreover, to develop
leadership capabilities for talents at various levels, in 2024 the Moreover, the Bank also organised the Sustainability Series and
Bank again implemented structured leadership development Sustainability Week as part of its initiatives to raise awareness
programs for talents as follows: and promote learning on the subject of sustainability among
a) M25 Unlimited Potential (M25UP) is an initiative program all Maybank Indonesia employees. During this event, the Bank
from Maybank Group Human Capital for Bank leaders as organised a series of talks on various sustainability topics
progressive leadership development by combining classroom related to the 17 Sustainable Development Goals. Additionally,
experiences, industry insights and action learning projects. there were a Sustainability Market, Blood Donor activities,
The strategic goal of this program is to ensure that Bank and sports activities. Furthermore, alongside talk series and
Managers and leaders support the Bank’s long-term strategic other endeavours, the Bank partnered with the Foster Parent
plans. Movement to offer educational support to underprivileged
b) The Executive Development Program (EDP) is a school children during this occasion.
comprehensive program for senior leaders of the Bank as an
effort to shape leaders’ mindset towards the M25+ strategy, The Bank held the M25+ Grand Showcase to raise awareness and
develop their potential, and enhance their readiness as knowledge among Maybankers about the most recent M25+ and
successors to leadership at the Bord Of Directors level. ongoing initiatives. During this event, the Bank hosted update
c) Conversation with C-Suite (CWC) is a program where Bank talks from speakers on M25+ and digital initiatives. In addition,
leaders and talents can interact directly with the Bank’s the Bank set up booths where employees could learn about the
Executive Committee at the Group level. This program Bank’s initiatives. This activity was organised for one day and was
provides learning opportunities for Bank leaders and talents attended by more than 250 employees who attended the Talk
from the Executive Committee through their leadership series session and more than 1,000 employees who participated
experiences and connecting them to the Bank’s goals. in all M25+ Grand Showcase activities.
d) Talents at Maybank Indonesia, especially BOD successors, are
also given the opportunity to develop themselves through
the Executive Coaching program. With this program, talents
are expected to be able to develop their leadership. This
Coaching Culture is continued through the Leaders Groom
Leaders program, where these BOD successors becomes a
coaches/mentors for young talents in the Bank.
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Faced with increasingly challenging current conditions, Maybank Indonesia continues to improve the competencies and capabilities
of its Human Capital employees in the HC field in order to remain relevant to current developments. This is accomplished by enrolling
employees in a variety of certification training programs, including the Certified Human Resources Professional (CHRP) training
program, HR Certification, Advanced Human Capital Accomplished (AHCA), Administrative Human Resources Professional (AHRP), and
Basic Human Resources Professional Program.
In 2024, Maybank Indonesia organised an initiative preparation program, namely the Area Branch Manager Preparation Program.
Furthermore, the Branch Manager Preparation Program and Service Manager Preparation Program are also held according to business
needs. These are intensive and holistic development programs aimed at the internal successor development process, especially for
becoming branch leaders in the Community Financial Services and Operations Directorate.
Following are the preparation programs implemented by Maybank Indonesia in 2024:
Number of
Name of Program Batch
Participant
Service Manager Preparation Program 6 25
Area Branch Manager Preparation Program 1 16
Branch Manager Preparation Program 4 15
In 2024, Maybank Indonesia carried out a cultural transformation. The Bank remains committed to supporting this transformation,
creating a better environment for employees, and ensuring the sustainability of the Bank’s growth in the future. By adopting a more
flexible, open, and technology-based approach, the Bank is expected to continue to grow and become the industry leader.
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The realisation of employee competency development data during 2024, which reflects the sustainability of this effort to support HC
growth at all levels of the organisation, is presented in the following table:
2024 2023 2022
Types of Education and Training Number of Number of Number of
Batch Batch Batch
Participant Participant Participant
Technical Program
Banking Skills (Treasury, Compliance, Audit, Operation, 274 11,686 254 7,636 326 13,067
Service Quality)
Credit Skills 24 405 21 371 47 790
Sales & Consumers 111 4,059 76 3,289 105 3,698
Technical – Non-Banking Skills 244 6,619 162 5,163 176 6,508
Leadership & Soft skills 227 7,781 166 6,375 102 3,287
Induction Program 44 742 67 839 36 757
Integrated Program
Privillege Banking Program 3 64 3 52 5 135
Talenta Service 2 101 2 98 5 219
Management Development Program RSME 3 53 3 33 3 73
Management Development Program Mortgage 1 20 2 39 2 48
Management Development Program Lending (SME+, - - 1 25 1 23
BB, GB)
Management Development Program - - - - 1 25
(for Operation)
Relationship Management Development Program 1 21 - - 1 17
(RMDP)
Information Technology Development Program (ITDP) - - - - 1 28
Digital Management Development Program (DMPD) - - - - 1 15
Young Maybankers Program (YMP) - - 1 29 - -
Certification Program*
Risk Management Certification - 589 - 2,260 - 2,078
Mutual Fund Certification (Waperd) - 749 - 911 - 964
AAJI Certification - 1,300 - 1,164 - 373
Treasury - 47 - 52 - 48
* The data submitted is only for targeted employees.
No E-learning Completion (%)
1 Code of Conduct 100%
2 KYC /APU PPT 100%
3 Information Risk Management 99%
4 Anti Bribery and Corruption 99%
5 Sanctions 99%
6 Living the Core Values of TIGER 99%
7 Information Security Awareness 94%
8 Anti Fraud Awareness 99%
9 Business Continuity Management 97%
10 LEAN 95%
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Employee Competency Development Expenses in 2024
The Bank continues to strive to manage education funds effectively to support various training programs. The shift in training methods
has contributed significantly to the increase in the realisation of education and training funds. In 2024, the education fund ratio realised
by the Bank in 2024 reached 6.48% of the total gross salary in 2023. This percentage reflects the Bank’s commitment to implementing
strategic plans for sustainable employee development.
This hybrid approach is believed to be able to provide flexibility while strengthening the effectiveness of training programs, thus
producing an optimal impact in improving the capabilities and competencies of the Bank’s HC.
Employee Education and Training Costs 2024 2023 2022
Ratio 6.48% 7.12% 3.32%
Total Rp86.78 billion Rp95.64 billion Rp76.86 billion
Reward Right Industrial Relations
Maybank Indonesia has consistently adhered to the Total The Bank implements and carries out an industrial relations
Rewards philosophy. This philosophy takes a comprehensive strategy as a strategic element that is inseparable from the
approach to providing compensation to employees in both sustainability of an organisation, where its management requires
financial and non-financial forms, including fixed and variable a comprehensive and integrative approach and is based on
compensation for both short and long terms. The Total Rewards fairness and transparency. An effective industrial relationship
philosophy integrates each reward component that is consistent is not only oriented toward fulfilling the rights and obligations
with the Bank’s culture and values in order to attract, retain, between management and workers but is also designed to create
and motivate employees to achieve the expected business a work ecosystem that supports productivity, employee welfare,
results. The Total Rewards philosophy is implemented using and business sustainability in a balanced manner.
the 3P principle (position, performance, and person), as well as
the equality principle for fair and competitive remuneration. To In this context, industrial relations governance serves as the
ensure competitive remuneration, the Bank takes part in market main framework that regulates how the Bank and employees,
surveys conducted by qualified and credible consultants. including Employee Unions as representatives of the workforce,
can work together to achieve sustainable harmony. Against the
In line with efforts to strengthen a performance-based culture, backdrop of global economic dynamics, changes in employment
the Bank emphasises a performance-based remuneration regulations, and digital transformation, industrial relations
strategy in which employees’ variable compensation is heavily governance must adopt a more adaptive and proactive approach.
influenced by their contributions and performance, while
also taking into account the Bank’s overall performance and Industrial Relations Governance: Structured Strategic
capabilities. The Bank’s target for annual total cash received by Pillar Based on Compliance and Collaboration
talent is higher than the market median, which includes both 1. Commitment to Inclusive and Adaptive Employment Policy
fixed and variable compensation, such as performance bonuses Good industrial relations governance begins with a full
or the Sales Incentive Plan (SIP) for sales employees. commitment to applicable multi-layered employment
regulations. This includes compliance with applicable laws
In an effort to improve employee retention and engagement and regulations and Bank provisions. This commitment is not
in accordance with the Bank’s “Humanising Financial Services” merely a form of legality, but a commitment to implementing
philosophy, which promotes a family-oriented culture, efforts the principles of fairness, openness, and respect for the
are being made to provide competitive benefits in addition to rights and obligations of the Bank and Employees in the
basic salaries and bonuses. These benefits are available to all workplace.
employees and include health plans, pension funds, various
annual and special leave options, and employee loans with
low interest rates. As a way to fulfil the Bank’s commitment to
sustainability, the Bank provides additional opportunities for
employees to own electric vehicles, both two-wheeled and four-
wheeled.
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2. Responsive and integrated organisational structure that of which is positioned as a business partner. Through an
is able to respond to the complexity of industrial relations intensive bipartite forum, the Bank and Employee Unions can
issues jointly develop strategies that not only accommodate the
The Bank establishes a special industrial relations work Bank’s needs, but also maintain the stability of employment
unit that has full authority to manage employment issues relationship.
strategically, both in terms of conflict prevention and 4. Socialisation of policies with humanising approach
resolution. This structure also has a role in providing The Bank, through the industrial relations work unit, plays an
strategic advice to ensure that all industrial relations policies active role in socialising every update to provisions related
are in line with applicable provisions and in accordance with to employment which is implemented through regular
the Bank’s long-term vision. education and sharing programs, both related to labor
3. Collaboration with various relevant internal and external provisions and other topics that support the improvement of
stakeholders employee knowledge and competence.
In managing industrial relations, the Bank establishes
productive cooperative relationships with the government Effective industrial relations governance and activities not only
and other institutions in the field of employment to create harmony in the workplace but also become the foundation
ensure that industrial relations policies and practices are for the Bank’s future success. By integrating the principles of
implemented in line with applicable provisions and norms. compliance, modern technology, and strategic collaboration with
4. Digital transformation as an enabler in modern industrial Employee Unions, the Bank can create an inclusive, productive,
relations and highly competitive work ecosystem. In the long term, well-
In the digital era, industrial relations governance is managed industrial relations not only strengthen organisational
increasingly moving towards the use of technology to stability but also become a major force in facing increasingly
improve efficiency, accuracy, and transparency in workforce complex and dynamic global challenges.
management. Digitalisation is applied in various aspects
of industrial relations, ranging from employee data Retirement and Employment Termination
management, automation of employment administration, to In terms of employment termination, Maybank Indonesia
the development of the use of artificial intelligence-based consistently adheres to the principles of balanced governance
data analytics to detect potential conflicts or employee in managing the retirement and termination of employment,
problems in the workplace early. based on applicable laws and regulations and the Bank’s internal
policies. In every termination of employment process, Maybank
Industrial Relations Activities: Strategic Initiatives for Indonesia prioritises the most effective approach, which involves
Harmony and Productivity two-way communication to ensure a fair and constructive
1. Formulation of inclusive employment policies resolution. This approach aims to maintain a balance between
The formulation of fair, flexible, and adaptive employment the rights and obligations of employees and the Bank, and, to the
policies is the first step in ensuring harmonious industrial extent possible, avoid potential industrial relations gaps.
relations. In this case, the Collective Labor Agreement (CLA)
is designed by involving the participation of Employee In order to support employees who are approaching retirement,
Unions, resulting in an agreement that reflects the balance the Bank has regulated the retirement age provisions through a
between the Bank’s business needs and employee welfare comprehensive Collective Labour Agreement (PKB). In addition,
while still adhering to the principle of legal compliance. Maybank Indonesia organises the Retirement Preparation Period
2. Systematic and collaborative conflict management program, a training that aims to equip employees with the skills
Conflict management is one of the Bank’s main focuses in the and insights needed to face retirement optimally. This program
industrial relations aspect, in which the industrial relations is designed not only to prepare financial aspects but also to
work unit actively collaborates with other work units to help employees adjust mentally and socially so that they can go
conduct early identification of potential conflicts through through retirement with confidence and maintained productivity.
analytical sentiment, and digitally integrated employee
reporting. Identified conflicts are managed through a In managing employment terminations, Maybank Indonesia
structured approach that prioritises deliberation efforts to always prioritises transparency, empathy, and respect for
reach consensus. employees’ rights. Each process is carried out based on
3. Partnership with Employee Unions constructive dialogue and openness, both in cases of employee
The Bank and Employee Unions have agreed and are termination due to retirement, organisational restructuring, or
determined to work together and strive for harmony, peace other reasons. The Bank ensures that all employee rights are
and order based on harmonious Industrial Relations and fulfilled in accordance with applicable laws and internal policies.
Pancasila between the Bank and Employee Unions, each
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Maybank Indonesia understands that the transition period Not only focusing on physical well-being, the Bank also helps
towards retirement or termination of employment is a significant build awareness of the importance of employee mental well-
phase in an employee’s career journey. Therefore, the Bank is being by having a Mental Health First Aider (MHFA) team and
committed to providing maximum support in accordance with collaborating with external parties to provide Employee Assistant
the Humanising Financial Services mission. With this step, Program (EAP) services in providing counselling for employees
Maybank Indonesia hopes to create a harmonious process, who need light psychological support. In addition, employees
maintain employee honour, and maintain its reputation as are also given space to contribute to sustainability actions by
an institution that prioritises the values of integrity and volunteering in various Corporate Social Responsibility (CSR)
sustainability. activities organised by the Bank, such as Cashville Kidz, Book
Donation, or teaching.
This commitment not only reflects Maybank Indonesia’s
responsibility to employees but is also part of the Bank’s Furthermore, in line with efforts to build an adaptive work
efforts to create a work environment that respects individual environment, employees and their wives this year were also
dignity and supports the sustainability of healthy industrial provided with financial literacy sessions through Financial Day
relations. Maybank Indonesia believes that success in managing activities and Business Essential Training. Inclusively, the Bank
retirements and terminations of employment is an important through the Women Council, also facilitates Women Leaders
key to building trust, harmony, and long-term stability for the with several engagement and self-development sessions ranging
organisation and all stakeholders. from topics related to building self-worth and resilience to
cybercrime. This year, in preparation for the implementation
Employee Engagement (Culture and of the disabled worker integration project, the Bank included
Engagement) employee representatives in participating in the Certified
Employees are the most important part for the Bank in achieving Disability Professional Management (CDPM) in Malaysia and
its strategic goals. Therefore, Maybank Indonesia strives to was given training related to the management of employees with
consistently create an agile and collaborative work environment disabilities.
and provide a work experience that pays attention to aspects of
work-life balance and employee well-being. Not only establishing a culture that is orientated towards work-
life balance and inclusivity, the Bank also shows its appreciation
In 2024, the Bank also re-emphasised the importance of to employees and work units that excel through programs such
employee health by regularly organising Health Talk, Healthy as the Best Employee Award (BEA) and the Best Business Unit
Reward Program, and Health and Wellness Day in collaboration Award. This year, representatives from Maybank Indonesia
with third parties. Additionally, the Bank provides facilities Regional West Java won the Best Executive category at the BEA
to employees in the form of health check-up services, blood event at the Maybank Group level.
donation activities, influenza vaccinations, and sports facilities
through various clubs or communities. As an effort to build harmonious relationships and employee
engagement towards the Bank, this year Maybank Indonesia
In addition, employees can actualise themselves through various organised various interactive dialogue programs between
activities organised by the Bank aimed at self-development, such Top Management and talents who were being prepared as
as hobby and talent activities (music, modelling, vocals, video future leaders of the organisation, such as the Martabak for
contests, host/MC), as well as internal and external challenges. Maybankers, Conversation with C-Suite, Leader Walk the Talk,
This year, as an effort to encourage a culture of collaboration, the and BOD Reachout Program activities. Employees can also use
Bank held an internal sports tournament attended by more than the Ping to Top channel to provide anonymous input to the Bank,
400 (four hundred) employees from the head office and branch and get the right response through senior or top management.
offices in Jakarta. In line with the Maybank Marathon event, Hereby, it is hoped that employees are engaged in contributing
the Bank also provides appreciation for employees through their positive ideas to the Bank.
the Podium for Maybankers program. Moreover, employees
are encouraged to participate in external competitions (such
as the Tennis Tournament, Porsebank, or friendly matches),
organised by Bank Indonesia or other banking institutions. In
practice, employees can take advantage of the right to self-
actualisation leave of 2 (two) days a year to participate in these
self-development activities.
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Maybank Indonesia remains committed to developing the most effective employee strategies and programs that are in line with the
Bank’s conditions and employee needs. Therefore, through the Employee Engagement Survey (EES), the Bank once again conducted an
assessment this year through a pulse check, which was successfully participated in by 98.9% of employees. The results of this survey
are used as references to determine the development area and engagement program strategy in the coming year; therefore, the Bank’s
mission to continue to present a harmonious work environment in line with its values can be realised.
Employee Turnover Control
In 2024, the Bank’s employee turnover rate was recorded at 10.21%. The Bank’s efforts to control employee turnover include:
1. Implementing Mobile Work work pattern that is adjusted to the type of work in each work unit to create flexibility in work patterns.
2. Emphasising competitive compensation acceleration by aligning employee competencies with job requirements (job-person
alignment).
3. Providing appropriate training and intervention programs according to the Bank’s business needs.
4. Continuing tactical referral program campaigns to accelerate the fulfilment of vacant positions.
5. Continuously providing various retention strategy programs through retention programs, succession planning, and total rewards
offerings that include employee engagement initiatives, well-being initiatives, and employee benefits (housing loans, vehicle loans,
and so on).
Employee Turnover Rate
Turnover 2024 2023 2022
Hired Employees 1,039 1,105 1,344
Voluntary Leaving Employees 703 723 888
Turnover Rate 10.21% 10.73% 13.25%
Awards
In 2024, Maybank Indonesia was once again honoured with several awards for its achievements in Human Capital management and
development. These awards serve as tangible expressions of external recognition, confirming Maybank Indonesia’s success in the Human
Capital sector. The awards received are as follows:
1. Best Companies To Work For in Indonesia organised by HR Asia The Media (the only company in Indonesia received it for 9th
consecutive years).
2. HR Excellence Award organised by Human Resources Online
Gold recognition for:
• Overall HREA Winner 2024
• Excellence in AI Powered HR Solutions
• Excellence in Cross Generational Workforce Engagement
• Excellence in Employee Volunteerism
• Excellence in HR Communication Strategy
• Excellence in Hybrid Working
• Excellence in In House Talent Pipeline Strategy
• Best HR Team
Silver recognition for:
• Excellence in Graduate Recruitment and Development
• Excellence in Talent Acquisition
• Excellence in Total Rewards Strategy
3. Human Capital on Resilience Award organised by First Indonesia
• The Best employee Value and Performance
• The Best Career Development Program
• The Best Company of Culture and Employee Experience
• The Most Resilience Company 2024
• Irvandi Ferizal – The Best Leadership in Human Capital Development
4. Indonesia Human Resources Award organised by Warta Ekonomi
• The Best Human Capital for Continuing Human Capital Transformation Process to Support Business Growth and Productivity
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5. Indonesia Human Capital Award organised by Economic Review
• Best Company in strategic Employee Experience Innovation 2024
• Best Company in Human Capital 2024 – Platinum Award
• Irvandi Ferizal – Best HC Director 2024 HC Visionary Exemplar Star 2024
Plan and Strategy for 2025
Maybank Indonesia’s HC development plan and strategy in 2025 are as follows:
1. A work environment that prioritises growth
a. Building a coaching culture that aims to assist employees in improving their performance, developing their potential to the
maximum to support productivity.
b. Encourage productivity by ensuring optimal fulfilment of HC capabilities and capacities and focussing on talent development in
terms of competence, commitment, and contribution.
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c. Implementing continuous organisational revitalisation e. In supporting the achievement of the Bank’s business
to increase the Bank’s productivity through a strategy and targets, a development program is
comprehensive organisational review and paying implemented for sales personnel in accordance with the
attention to the appropriate workforce composition. training roadmap based on their function, position, and
d. Supporting the M25+ strategy “Intensify Customer business segmentation.
Centricity” by strengthening the foundation and f. Strengthening the Bank’s image, including improving
provision of employees in strengthening the employer branding for fresh graduates and job seekers,
standardisation of services provided from various Bank through various programs involving universities and
touchpoints to customers. other related institutions. Some of the activities that
e. Supporting the M25+ strategy, especially to increase will be carried out include campus recruitment, job fairs,
sustainable long-term growth and provide more internships, speakers or practicing teachers in campus
comprehensive services that are in line with the activities that provide benefits to the Bank.
customers’ business goals. g. Increasing engagement with the younger generation as
f. Implementing a culture transformation program so that an effort to reach quality talents and the Bank’s social
employees can implement the critical few behaviors responsibility through organising activities as campus
expected by the Bank with the spirit of One Team, One ambassadors (Maybank student Mbassador), youth
Direction, and New Energy. empowerment programs, optimising social media and
g. Implementing a performance-based reward system other activities.
and positive consequence management, supported by h. Strengthening HC digital transformation with customer
proactive employee retention efforts amidst fierce HC centricity approach to improve employee experience
competition. i. Implementing the 4 pillars of the Employee Value
h. Implementing the principle of performance-based Proposition (EVP) - Go Ahead. Grow, Go Ahead. Fly,
remuneration strategy to strengthen a high-performance Go Ahead, Create, and Go Ahead. Care - as a real
culture. Recognising the demand and availability of labor manifestation of the Bank’s commitment to prioritising
and business needs, the Bank continues to strengthen the balance between work productivity and employees’
the remuneration structure to retain employees personal lives (work-life balance).
in accordance with the Bank’s needs and financial 3. Human Capital Sustainability
capabilities. a. Continuing the succession planning and development
2. Enhancing human resource capabilities and capacities program by emphasising the experiential-based side
a. Strengthening and accelerating the recruitment process in order to increase relevant exposure for related
to encourage the fulfilment of critical positions in the successors so that the level of readiness also increases
Bank’s organisation, especially in branch offices. for the intended position.
b. Continuing the focus on procuring HC who have the b. Supporting and realising the achievement of
capacity and quality to support business growth and sustainability by holding sustainability programs
anticipate future cadre needs through a comprehensive throughout 2025, so that employees can understand and
employee development program to accommodate the implement behavior in accordance with the Sustainable
needs of the Bank and employees. Development Goals in the Bank’s operational activities
c. Providing certification and training themed on coaching and in everyday life.
and mentoring to all internal instructors and line c. As a form of creating a harmonious work environment
managers, as well as forming an internal community in supported by productive and adequate human capital,
strengthening and maintaining a coaching culture at the the Bank provides various programs that focus on
Bank. efforts to increase employee engagement towards
d. Implementing employee development programs to the Bank, including various initiatives in the areas of
support the achievement of the Bank’s business strategy employee health and welfare, talent engagement, and
while still implementing the principle of prudence a work environment that supports Diversity, Equity and
that focuses on customers (customer centricity). Inclusion (DEI).
This development program aims to build a culture of d. Continuing the implementation of Good Corporate
compliance and strengthen employee capabilities in Governance (GCG) and a culture of compliance,
terms of technical and soft skill development, one of including preventive actions and mitigations, as part of
which is through providing Master’s scholarships to high- Maybankers’ way of life.
performing employees.
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Information
Technology
In addition to continuing to modernise and improve
cyber security defense capabilities by running a zero
trust program, the Bank implements its IT security
principles which is carried out holistically at every
stage of system development, including implementing
secure coding.
The sustainable improvement focus on Maybank Indonesia’s IT IT Strategic Plan
infrastructure throughout 2024 has significantly enhanced the In an effort to provide innovative banking technology services
quality of the Bank infrastructure to provide faster, more reliable, that are relevant to customer needs, Maybank Indonesia’s IT
and more secure services to customers. This improvement has strategic plan is prepared in line with the Bank’s 2021-2025
enabled its customers to easily access financial services through Corporate Plan, namely focusing on the Digital First Approach,
mobile applications, online platforms, and at branch offices. Segment Focus Uplift, Next Level Customer Experience, Risk
& Operation Excellence, Next-Gen Solution, Open Banking
The modernisation of the Bank’s IT infrastructure has also Enabled, Reinvent Workplace, and Alliance Expansion.
improved its security and compliance framework, reinforcing
its ability to better protect customer data and comply with Maybank Indonesia’s IT Strategic Plan also supports the Bank’s
applicable regulatory standards. Strict cybersecurity measures, IT vision, which is to provide high-quality technology services
combined with continuous monitoring and reporting, provide that support the Bank’s business development and provide added
protection against emerging threats. Furthermore, this IT value to customers. In general, the IT Strategic Plan is realised in
modernisation is the foundation of innovation that allows the the following four pillars:
Bank to deliver more personalised banking products and services, 1. Focus on Connectivity,
integrated with the financial ecosystem, fast, and secure, to 2. Improve Infrastructure through Modernisation & Cyber
improve customer satisfaction and provide a better banking Defense Capabilities,
experience in line with Maybank Indonesia’s vision of “To be 3. Leveraging Business Processes for Productivity and
the leading financial services provider in Indonesia, driven by Efficiency,
passionately committed and innovative people to create value 4. Improve Workplace Environment.
and serve the community.”
The implementation of these four pillars of the IT strategy is
supported by continuous improvement in aspects of governance,
project management, change management, IT operations,
security and improvement of IT Human Capital (HC) capabilities.
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Bank Vision & Mission
Business Strategy
IT Strategy
Improve Infrastructure Leveraging
through Modernisation Business Process Improve Working
Focus on Connectivity
and Cyber Defense for Productivity and Environment
Capabilities Efficiencies
Continuing the Apply automation process
Extended the use Applying organisation
improvement in cyber for bank-wide and execute
of micro-services, structure based on
security and infrastructure the agile methodology
Open API and the the functions to
modernisation. The for digital solutions,
implementation of support LOB’s and
virtualisation will supported by improving
mobile banking revamp team engagement. In
take in place as well policies and procedures to
as well as the front/ addition, this strategy
as the core banking prudentially running IT,
middle/back-end also capture and
modernisation, also the as well as developing
system in supporting prepare career and
robust implementation of young talent especially for
the core system training path for
the cloud technology and core and digital banking
stability the staff
analytic infrastructure
Process Continuous Improvement
(IT Governance | Project Management | Change Management | IT Operation | IT Security)
Uplift People Capabilities
Strengthening IT Human Capital c. Meeting the needs of the Bank’s IT specialists through
Maybank Indonesia recognises that the use of technology that professional recruitment, the IT Development Program
supports the sustainability of digital banking services requires (ITDP) implementation to develop young talents in the field
the availability of highly skilled IT personnel. This encourages of banking IT, staff augmentation in collaboration with third
Maybank Indonesia to always meet the needs of IT human capital parties, internship programs and university partnerships.
and increase its capacity and capabilities, among others, through: Moreover, IT HC group’s capacity is used selectively through
a. Improving knowledge, ability, and capacity of IT Human temporary assignments in accordance with applicable
Capital by providing technical, non-technical, and leadership regulations.
training in a planned and regular manner. Throughout 2024, d. Leadership regeneration as part of sustainability actions is
the Bank has routinely shared knowledge with the principle carried out by developing and improving the competence
of ‘from employees, by employees, and for employees’. IT of high potential talent through job rotation and special
management also consistently engages with the IT team assignments.
through organising townhalls and Bionic Tiger.
The Bank continuously implements agile working practices in
b. Conducting certified training so that IT HC has the ability specific work areas to foster a culture of innovation and ensure
to meet standards, including COBIT, CISA (Certified a timely provision of digital banking service features to meet
Information Systems Auditor), CISM (Certified Information customer needs.
Security Manager), CRISC (Certified in Risk and Information
Systems Control), CEH (Certified Ethical Hacker), CND Process
(Certified Network Defender), ISO 27001 certification, ITIL The Bank’s IT architecture unit consistently conducts
(Information Technology Infrastructure Library), DevOps assessments on the latest technological developments to be
certification, openshift certification, AWS Solutions implemented optimally to bring economic benefits to the Bank.
Architect, VMware Certified Professional, Nutanix Certified Studies conducted by the IT architecture unit are regularly
Professional. disseminated as a reference for IT development in areas such as
applications, infrastructure, and security.
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To ensure effective, efficient, and collaborative work processes, Technology
the Bank continuously improves its IT procedures and policies to Maybank Indonesia recognises that technology plays a crucial
provide guidelines that are always up to date and in compliance role as a key driver in banking progress, improving security,
with regulations and industry best practices. This effort is convenience, customer data protection, and transaction
supplemented by socialising every IT policy and procedure speed. This encourages the Bank to continue developing
through email, e-learning, and online sessions to all IT personnel digital application systems, IT systems support, technology
so that their knowledge and awareness continue to increase, modernisation, and cybersecurity.
with the ultimate target of the Bank’s IT personnel conducting IT
development, operations, and security with layered controls and a. Development of Business and Digital Supporting
implementing the principle of prudence. Technology
Maybank Indonesia focuses and supports digital
In implementing good IT Governance, the Bank continuously transformation and development in all Bank business
conducts the following: segments through strategic initiatives that are carried out
a. Raising awareness of cyber threats in an agile manner, to provide added value promptly to all
Maybank Indonesia continuously raises internal awareness of stakeholders. The developments that have been carried out
cyber threats through security awareness programs that are include:
carried out continuously, including: • Addition of features to the M2U application, namely
• Phishing simulation “Cetak Emas”; personal loan application; Secondary
• Cybersecurity training Bonds; Virtual Credit Card; addition of payment
• Email broadcast cooperation with various business partners.
b. IT risk assessment • Improvement of features in the M2E application,
In order to mitigate the risks associated with the including addition of payment cooperation with various
implementation of IT, the Bank has consistently identified, business partners, Virtual Account; BI FAST bulk process.
measured, monitored, and controlled risks effectively, • Development of digital sales tools to increase salesforce
including through RCSA (Risk Control Self-Assessment) productivity.
and KRI (Key Risk Indicator) based on relevant IT risk • Development of SME Digital Lending and Beyond
management policies. The Bank continuously conducts risk Banking as digital channels for the MSME customer loan
assessments on critical IT developments and ensures that all process.
risks are mitigated at an acceptable risk level. Reporting on b. Development of Supporting Technology for Support and
IT risks has been submitted to the Bank’s management as a Operational Functions
form of risk monitoring and supervision. The application of bank technology is also intended to
c. IT Operations and Services support automation and efficiency of processes in support
IT operational management is conducted to ensure that and operational work units as well as compliance with
the IT system is always available to support customer regulators. Developments that have been carried out include:
financial transactions. IT operational management is • Development of Decision Engine to improve reliability
carried out continuously, which includes aspects of system between customer needs and programs offered by the
maintenance, patch implementation, backup and restore, and Bank in order to increase product purchases.
network management. The Bank ensures that the recovery • Development related to compliance with regulators and
center is always available and can be activated whenever other supporting functions, such as PSAK 71, PSAK 73,
needed. The Bank has established a disaster recovery (DR) Antasena, and Personal Data Protection.
infrastructure that can run mission critical, transactional, and
regulatory services while the main data center’s IT system All development initiatives above are developed optimally
is malfunctioning. Tests on the reliability of the recovery with agile methodology, to accelerate the process of
system are conducted periodically. While the Bank activates developing and launching new features for customers and
the technology system in the recovery center area, services internal users of the Bank immediate utilisation.
to customers can be ensured to continue running normally
without interruption.
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c. Technology Modernisation IT Development Plan for 2025
The Bank conducts infrastructure modernisation to To maintain the sustainability of IT strategy implementation
strengthen its operations by upgrading mainframe and in improving the provision of services, products, and more
network systems as a long-term strategy, namely anticipating efficient operational support, IT development in 2025 remains
increased transactions from various channels in the future. oriented towards the 2021-2025 IT strategic plan. The 2025 IT
Strategic Plan is outlined in a work program that is structured
Infrastructure, application, and IT security device and systematically prepared with the aim of improving the
modernisation is carried out periodically to maintain the Bank’s scalability, effectiveness, and flexibility, with its main
availability, reliability, and security of the systems used by priority being to carry out core banking modernisation initiatives,
customers. switching systems, and digital development.
In 2024, the Bank has started a Core Banking System (CBS) The Bank continues to implement other technology initiatives,
modernisation program as a strategic measure to provide such as optimising and adopting several emerging technologies,
technology that has high capacity, scalability and flexibility such as AI machine learning as well as cloud technology
to support the growth of the Bank’s business and improve utilisation to support the Bank’s sustainable business growth
services to its customers. strategy.
d. IT and Cyber Security
Maybank Indonesia realises the importance of maintaining Digital development in 2025 will focus on adding various features
the security of bank assets and protecting customer data. As to digital channels, including M2U, M2E, SME Digital Lending,
part of a regional organisation, Maybank Indonesia’s Security and iBaaS (Islamic Banking-as-a-Service).
Operation Center (SOC) is integrated with the Maybank
group, so that it has a wider reach and is more responsive in In terms of cybersecurity, the Bank will continue to improve
anticipating the threat of cyber attacks. innovation and defense strategies by continuing the zero trust
program, which increases cyber defense capabilities, including
In addition to continuing to modernise and improve cyber by implementing initiatives that cover the areas of Network
security defense capabilities by running a zero trust program, Security, Application Security, Data Protection, System &
the Bank implements its IT security principles which is Infrastructure Security, and Security Management. The Bank also
carried out holistically at every stage of system development, consistently runs a cyber-attack simulation program as a means
including implementing secure coding. of validating and increasing the effectiveness of security controls.
As the crucial aspect in providing technology services, the Bank
will continue to improve the development of IT HC through
Training Need Analysis (TNA), which is carried out systematically
and structured by looking at technical and non-technical
aspects. This development covers the areas of IT governance,
infrastructure, IT operations, architecture, programming
languages, security, and project management. Process
refinement is an inseparable part that will continue to be carried
out, ensuring that the Bank’s workflows are up to date and in
compliance with regulations and industry best practices.
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Branch Network
Development
Maybank Indonesia continues to enhance its service
network with a strategy focused on optimising branch
offices to be more efficient and customer-centric.
This initiative aligns with the Bank’s commitment to
providing broader access to financial and banking
services for the community and businesses players in
variuos potential areas.
Strategy and Initiatives 2024 enhanced through 2025, aiming to balance economic growth
The Bank remains focused on establishing an optimal branch with social sustainability and environmental protection. The
distribution that builds an efficient network while maintaining primary goal is to ensure long-term prosperity for both current
and striving to enhance its performance. Branch offices are and future generations.
encouraged to deliver exceptional customer service and maintain
high productivity. This includes fully exploring the potential In response to evolving challenges and to strengthen
of surrounding areas to maximise their role in supporting the competitiveness, the Bank continues its transformation, refining
Company and contributing to the growth of both the business its digital banking and financial services towards greater
and local communities. efficiency. As part of the Branch Transformation Program, the
Bank is developing new concepts and innovations to improve the
In 2024, the Bank closed offices and relocated several offices overall customer experience.
whose performance had not been optimal after a comprehensive
assessment of various aspects. The relocated offices will be able Customer experience transformation is carried out covering
to improve their results in the future because they are supported various aspects of banking services, inclding working methods
by locations that have better business potential. and customer interactions. The service is focused on digital
concept tailored to customer needs that are able to optimise
As part of its support for the Sustainability program, the Bank business opportunities while creating more interactions with
has replaced all air conditioners in branch offices with inverters both customers and potential customers across all business
and switched to LED lighting, a move that began in recent years segments, while always prioritising excellent customer service.
and continues into 2024. This initiative will be expanded and
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Number of Maybank Indonesia Office In line with its branch network plan for 2025, the Bank will
Network continue to implement the Branch Optimisation initiative,
In 2024, Maybank Indonesia implemented several adjustments to supported by a thorough analysis of office distribution in relation
its office network, including relocating three Branch Offices (KC) to market potential. This strategy focuses on identifying the
and four Sub-Branch Offices (KCP), while also closing 23 Sub- most suitable branch model for development, ensuring that each
Branch Offices (KCP). office can make an optimal business contribution. Based on this
analysis and research, the Bank will carefully map out and close
As of December 31, 2024, Maybank Indonesia’s office network certain offices, aiming to create an efficient and effective branch
consists of one Non-Operational Head Office, ten Regional distribution while considering various factors that support the
Offices, 79 Main Branch Offices, and 214 Sub-Branch Offices. Bank’s growth. Expansion will be carried out selectively and in a
Additionally, Maybank Indonesia operates 22 KCP Mobile units. limited manner.
For Shariah-compliant banking services, the Bank has 17 Shariah
Branch Offices and 3 Shariah Sub-Branch Offices. The Bank also The Bank will also continue its transformation efforts to enhance
maintains an Overseas Branch Office in Mumbai, India. digital banking and financial services for a more advanced
direction. As part of the Branch Transformation Program, the
Branch Network Expansion Plan and Bank is developing concepts and innovations to improve the
Strategy 2025 overall customer experience. The transformation of customer
Maybank Indonesia is committed to ensuring that the expansion experience includes various aspects of banking services, from
of its office network not only supports business growth but also operational processes to customer interactions, with a focus on
adds value to customers in every banking interaction. The Bank digital concepts with features tailored to customer needs. The
recognises that the office network is a critical factor and key to goal is to optimise business opportunities while fostering more
overcoming future challenges, while also taking into account interaction with both existing and potential customers across all
market segmentation, sales strategies, efficiency, and operational business segments.
processes. With this in mind, the Bank conducts reviews and
research to determine the optimal number and model of branch Maybank Indonesia will implement this initiative while also
offices that align with industry/business/economic trends, as balancing the development of technology and digital to
well as strategies for achieving performance targets, including enhance acquisition quality through an agile approach. This
innovations in delivering exceptional service to customers. concept integrates both physical and digital interactions
to deliver a satisfying service experience. Moving forward,
the transformation will enable customers to enjoy a more
modern and sophisticated banking experience, gain a deeper
understanding of how to make the most of available banking
services, and access integrated consultation and solutions to
meet their financial needs.
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Operations and
Customer Service
Improving the quality of services and operations,
particularly in branch offices, digital channels, and
contact centres, is required to achieve the vision
of becoming a leading financial service provider in
Indonesia and carrying out the Humanising Financial
Services mission. This accountability is expected to
positively impact customer loyalty as well as Maybank
Indonesia’s business growth.
OPERATIONS 1.2. Agile Operations involve using agile working methods
to respond to customer needs quickly and flexibly while
The Operations Directorate is committed to enhancing maintaining quality.
operational quality by reinforcing Business as Usual (BAU), 1.3. Aim to be one of the top service providers for customers.
driving transformation, and improving customer experience.
These initiatives reflect the dedication to aligning operations 2. Transformation Agenda
with the Bank’s strategic goals and providing high-quality 2.1 Continuing the ongoing transformation:
services. Transformasi pada Credit Operations untuk meningkatkan
Service Level Agreement (SLA) dan kepuasan nasabah
The Operations Directorate begins 2024 with the “Operations melalui:
Directions 2024,” an operational development strategy built on 2.1.1. Automation of the end-to-end loan or financing
three (3) pillars, outlined as follows: process flow to streamline and standardise the
loan process, improve accuracy, transparency, and
1. Strengthening Business-as-Usual (BAU) efficiency
1.1. Human Capital (HC) and Communities 2.1.2. Digitalisation of the appraisal process to reduce
• Continuing efforts in HC development to cultivate the use of emails, paper, and manual data entry,
future leaders who excel in both technical and non- improve accuracy and Service Level Agreement
technical skills. (SLAs), and increase productivity.
• Continuing to develop a customer-centric mindset 2.1.3. Implementation of a system to register and track
with the aim of delivering exceptional service. original collateral documents, helping to mitigate
• Participating in and contributing to the Bank’s document loss, reduce customer complaints, and
sustainable growth by giving back to the community minimise reputational risks.
and society through social and environmental 2.1.4. Regionalisation of the Credit Documentation Unit
initiatives that will benefit future generations. (CDU) and Appraisal to increase productivity and
process quality by aligning Credit Operations with
CDU and Appraisal management, standardising
skills, and centralising processes for better control
and faster decision-making.
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2.2. Customer Experience Transformation to provide 3. Improving Business Services and Support
an exceptional experience for customers, including In terms of improving business services and support, twenty-
Contact Center transformation by strengthening nine (29) initiatives have been implemented, including
staff competency, continuously improving service opening accounts for conventional and Sharia products,
and operational processes, and developing systems increasing business volume, and supporting Maybank’s
to support faster customer service, easy access, and a Sharia First strategy, as well as establishing standard
better customer experience. procedures for ATM monitoring and cleanliness, thereby
3. Customer Experience Management improving customer experience.
3.1. Voice of Customer is defined as the process of collecting 4. Regulatory Compliance
and analysing customer input (internal and external) to In terms of regulatory compliance, eighteen (18) initiatives
improve overall business services and performance as were implemented in 2024 to ensure compliance with
measured by: regulatory provisions, such as improving the features of the
• Increased Net Promoter Score (NPS) Financial Information Services System (SLIK) (e.g., write-off
• Industry-wide Satisfaction, Loyalty, and Engagement transactions, collateral, credit limits) and strengthening
(SLE) Index compliance and security through hardware and system
• The Contact Center Service Excellence (CCSE) Index improvements.
for Indonesia
• Bank Service Excellence Monitoring (BSEM) Awards
predicate. As proof of its performance and achievements in 2024, the
Operations Directorate received numerous awards from external
The Operations Directions 2024, along with the continued parties, both national and international, which include the
technological adoption and automation of operational processes, following:
are expected to support the Bank in achieving its goals and 1. The 2024 Quality Recognition Award for the US Dollar
objectives for 2024. Clearing MT 103 STP Rate of 99.7% from J.P. Morgan
2. The 2024 Quality Recognition Award for EUR Clearing MT
Initiatives and Improvements 2024 103 STP Rate 98.26% from J.P. Morgan
In 2024, the Operations Directorate implemented a number of 3. The 2024 U.S Dollar Payment Straight through Processing
initiatives to improve operational efficiency and quality. There Excellence Award for Commercial Payments STP rate 99.61%
were 75 initiatives in total, divided into four major categories: from Citibank
increasing productivity, strengthening internal control, 4. Third ranked for the Satisfaction, Loyalty, and Engagement
improving business services and support, and meeting regulatory (SLE) Survey 2025 for Core Capital Bank Group (KBMI) 3 by
requirements. MRI and Infobank Magazine, as well as:
a. First ranked in category: Brand Interactivity
1. Increasing productivity b. First ranked in category: Customer Centricity
Seven (7) initiatives have been implemented to increase c. First ranked in category: Customer Resilience Level
productivity, including the introduction of telephone- d. Third ranked in category: Customer loyalty
based services for Foreign Exchange (FX) transactions that e. Third ranked in category: Customer Satisfaction at
eliminate the need to visit a branch or fill out forms, as well Branch Office
as the improvement of the calculation process for Personal f. Third ranked in category: Marketing Engagement
Loan (KTA) settlements to improve customer experience g. Third ranked in category: Strong Customer Engagement
during the calculation waiting period.
2. Strengthening Internal Control
In terms of internal control strengthening, twenty-one (21)
initiatives have been implemented within the Operational
Directorate, including standardising processes and improving
SLAs for timely and efficient preparation of back-to-back
(B2B) facility agreements and standardising the process of
reconciling swallowed Automated Teller Machine (ATM)
cards.
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Operational Development Strategy and 3.2. Branch back-office transformation to improve service
Plan 2025 standards, including centralised account opening and
In 2025, the Operations Directorate will begin with Operations SLIK processes.
Directions 2025, which is structured in three (3) pillars and 3.3. Trade Service Operations Transformation to become
includes the following details: the best service provider by improving SLA and Turn
1. Business as Usual (BAU) Excellence Around Time (TAT), resulting in customer satisfaction in
1.1. Human resource development efforts continue to transactions.
focus on strengthening leadership skills and improving 3.4. Treasury Operations Transformation through
technical competencies among employees. improvement, automation, and centralisation processes
1.2. Continued participation and contribution to the Bank’s of branch transactions, as well as strengthening of
sustainable growth by giving back to the community operational risk profile.
and society through various social and environmental
initiatives, with the goal of developing a better future Operations Directions 2025 focuses on cultural transformation,
for future generations. Supporting customer experience operational risk management awareness, effective financial
benefit through campaigns to promote a customer- budget management, and the implementation of agile work
centric culture within the Operations Directorate team. methods. This initiative aims to create an organisation that is
1.3. Improving operational resilience by strengthening more adaptive, efficient, and responsive to business challenges,
the control environment, including mapping SLIK with the goal of supporting the Bank’s aspirations and targets by
documentation and implementing risk-mitigation and 2025.
control initiatives.
1.4. Providing the best service (SLA) through evaluations to
improve the overall mortgage process. CUSTOMER SERVICE
2. Operational excellence
2.1. Using digitalisation approach to improve existing Starting a new chapter in 2024, the development of digital
processes, such as creating a library of frequently technology led to significant changes in many aspects of life,
encountered branch office issues and developing a new including the banking industry. As the world evolves rapidly,
mobile application for Service Manager checklists. Maybank Indonesia focuses on making customers’ lives easier
2.2. Using automation approach to improve work quality and and creating a more excellent customer experience through
accuracy by implementing Robotics Process Automation creativity and innovation, optimising capabilities and expertise
(RPA), End User Computing (EUC), and other process to provide solutions for customer needs while also providing the
automation initiatives. best customer experience.
2.3. Using a centralisation approach to improve control and
productivity by centralising processes, such as regulatory Improving the quality of services and operations, particularly in
reporting and Maybank credit card balance transfers into branch offices, digital channels, and contact centres, is required
Maybank accounts. to achieve the vision of becoming a leading financial service
2.4. Using an elimination approach to improve efficiency, provider in Indonesia and carrying out the Humanising Financial
such as conducting an Organisation Design (OD) review. Services mission. This accountability is expected to positively
3. Transformation Agenda impact customer loyalty as well as Maybank Indonesia’s business
3.1. Customer Experience transformation focuses on five growth.
areas, as follows:
• Sales to services conversion, in which the contact By having the service tagline, “Strengthen inside-out customer
centre should prioritise services for sales and engagement with customer centricity and agile ways of working
potential revenue, as well as end-to-end account behaviour,” in 2024, the Bank is dedicated to enhancing Human
opening functions for simple products. Capital (HC) quality to improve adaptability in delivering
• Customer Experience, in which the contact centre excellent services that meet the evolving needs and lifestyles
proactively contacts customers in response to their of mobile and constantly changing customers, implementing
online requests. responsive and collaborative work processes, and implementing
• A centralised, structured, and efficient target Agile Ways of Working with a prioritising customer-centric
operating model. approach. The Bank aims to continue innovating and driving
• People Enablement to improve ‘onboarding’ and web- transformations aligned with strategies and targets for M25+.
chat request management.
• Technology enablers that give contact centre agents
integrated tools for quickly understanding and
resolving customer issues.
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and Analysis
The Bank has developed a service development strategy, • Launch the Customer Service (CS) 2.0 program to
as described in the CX Transformation 2023-2025, with the improve customer service capabilities. CS 2.0 is more
following focus points: than just technology; it signifies a transformation in the
way customer service teams engage with customers.
A. Strengthening Service Culture and Enhancing Frontliner Customer service representatives must adjust to more
Competency efficient and effective working methods and develop the
To provide exceptional service to all customers, the Bank skills needed to deliver personalised and value-added
is committed to continuously improving service quality services. This training took place from September to
by providing various training programmes, including the November 2024 and was attended by over 100 customer
following: service representatives.
• The I Am Maybank training is intended to encourage • Frontliners receive regular updates and refreshers on
a service culture through core Maybanker behaviours, products and services through online Zoom sessions to
such as proactivity, ownership, and accountability, in ensure they are up to date about the latest offerings.
a consistent and sustainable manner. By December Between January and December 2024, a total of 96
2024, more than 5,000 employees had finished the I Am online Zoom sessions were conducted.
Maybank e-learning. • Developing support media for frontline employees to
• Training on Service Standards, Complaint Handling, and serve as guidelines for delivering services that align with
Consumer Protection, aimed at equipping staff with customer needs, including standard service videos and
fundamental knowledge about Maybank Indonesia’s e-Playbooks.
service standards and regulatory requirements for
managing customer complaints and ensuring consumer B. Transformation of Contact Center
protection. In 2024, over 1,000 participants attended As described above, this transformation involves several
the Service Standards and Complaint Handling training, programs, including:
while more than 4,000 participants took part in the • Developing a digital encyclopedia (MyPedia) that
Consumer Protection training. includes comprehensive information on all products
• Basic Human Centered Design training, which focuses and promotions at Maybank, enabling agents to provide
on developing a customer-centric culture and enterprise accurate and excellent service to customers.
thinking awareness to improve collaboration. This • Upgrading the contact center work area and supporting
training was attended by eighty-three (83) employees in tools. This renovation is designed to create a new and
2024, bringing the total number of participants to three refreshed layout that enhances team communication
hundred and eighty (380) between 2020 and 2024. and coordination while also contributing to improved
• Delivering Humanising Services training, which aims to customer service quality.
improve service delivery from the Maybank Customer • Updating the policies and procedures for managing
Care Team and become more skilled in handling customer complaints and conducting regular training/
customer questions, requests, and complaints, as well socialisation/refresher sessions on the latest policies and
as developing a high CX mindset, customer obsession, procedures.
and an attitude of winning customers’ hearts as part • Enhancing the Customer Handling System (CHS) and
of providing service. The training divides into two (2) Interactive Voice Response (IVR) to offer more efficient,
categories: the operational customer care team and faster, and secure banking transaction solutions.
the non-operational team. In 2024, the total number of
participants who have participated in this training was
one hundred and forty-three (143).
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C. Strengthening Engagement and Connection with Customers • The development of the Voice of Customer (VOC)
As part of its commitment to enhance engagement and platform, which plays a crucial role in helping Maybank
foster closer relationships with customers, Maybank Indonesia gain deeper insights into customer needs,
Indonesia organises Thematic Days in alignment with various preferences, and experiences. By systematically
national holidays and observances. These events offer gathering and analysing customer feedback, Maybank
customers added value by creating a unique atmosphere at can make better decisions, enhance its products and
all Head Offices, Branch Offices, and Maybank Customer services, and strengthen its customer relationships.
Care locations.
Keseluruhan pengalaman nasabah ini diukur tingkat
Additionally, for National Customer Day 2024, Maybank kepuasannya dengan cara:
Indonesia is hosting a series of recognition and appreciation 1. Survei NPS (Net Promoter Score) yang dilakukan secara
activities throughout September 2024 to honor customers internal Bank dengan menggunakan pihak ketiga yang
for their loyalty to the Bank Maybank Indonesia. These berpengalaman. Pada tahun 2024, Maybank Indonesia
activities include greetings and appreciation at all Branch memperoleh NPS tiga puluh enam (36).
Offices and Customer Care locations, as well as special 2. Survei Satisfaction, Loyalty and Engagement (SLE) yang
recognition for business and corporate clients and premier dilakukan oleh pihak independen secara Banking Industry.
customers, presented personally by the Board of Directors Pada tahun 2024, Maybank Indonesia memperoleh SLE
and Top Management. Other events include a Financial rank 2 di kategori KBMI.
Education Talkshow (online), which is open to Maybank
customers, alongside various other activities. Dengan memiliki hasil pengukuran ini maka Bank
berkesempatan untuk:
D. Customer Satisfaction Survey • Memiliki tolok ukur untuk melakukan perbaikan
The Voice of Customer is a process for gathering and kualitas layanan secara berkelanjutan guna memberikan
analysing customer feedback (both internal and external) pelayanan prima kepada seluruh nasabah.
to enhance overall business services and performance. This • Melakukan perbaikan-perbaikan segera agar berdampak
is measured through various tools, including Bank service pada pengalaman nasabah yang positif.
quality surveys utilising the Net Promoter Score (NPS), • Memberikan apresiasi kepada nasabah dan pemangku
Satisfaction, Loyalty, and Engagement (SLE) methodology, kepentingan yang telah memberikan umpan balik bagi
Mystery Shopping, and the Contact Center Service kemajuan dan perkembangan kualitas produk dan
Excellence Index (CCSEI). layanan Bank.
E. Developing Branch Services and Measuring Customer Customer Complaint Management
Satisfaction The Consumer Protection Policy and Customer Complaint
By combining digital and physical services and ensuring Handling Policy serve as the primary guidelines for the Bank
consistent service quality across branches, contact centres, in managing customer complaints. The Customer Experience
and digital channels, the Bank is able to offer an enhanced Management Division, part of the Operations Directorate, is
customer experience, boost customer loyalty, and stay dedicated to overseeing the management of these complaints.
competitive in an increasingly challenging market. The
initiatives include: To make it easier for customers to submit complaints, various
• A key strategy to improve customer experience at communication channels are available, including:
Maybank Indonesia branch offices is the introduction of • Maybank Customer Care, accessible 24/7 at 1500611 (local) or
the Concierge function, which assists customers with +6221 78869811 (international).
transactions and accelerates service times. With the • customercare@maybank.co.id.
concierge available, customers will feel more valued and Email Customer Care at Social Media: Twitter @maybankID,
at ease when visiting a branch. Facebook Maybank, and Instagram @maybankid.
• Head Office and Branches across Indonesia.
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and Analysis
In 2024, the Bank received 13,155 customer complaints, 90% of which were resolved within ten (10) working days, in line with regulatory
requirements. The Bank addressed the majority of 10,011 complaints within an average of five (5) working days. This success is supported
by an effective complaint handling process, internal Service Level Agreements (SLAs), collaboration between relevant work units and the
Customer Experience Management Division, and oversight from Maybank Indonesia’s Senior Management.
The table below provides information on managing customer complaints in 2024:
Resolved In Process Unresolved No. of
Type of Complaint Transaction
Amount % Amount % Amount % Complaints
Electronic Banking 6,397 100% 0 0% 0 0% 6,397
Credit Card 6,165 100% 0 0% 0 0% 6,165
ATM and Debit Card 3,156 100% 0 0% 0 0% 3,156
Clearing (Transfer)/Remittance 1,431 100% 0 0% 0 0% 1,431
Saving Account 473 100% 0 0% 0 0% 473
Other Payment System 70 100% 0 0% 0 0% 70
Bancassurance 28 100% 0 0% 0 0% 28
Loans/Home Mortgage/Apartment Mortgage 27 100% 0 0% 0 0% 27
Mutual Funds 26 100% 0 0% 0 0% 26
Personal Loan 20 100% 0 0% 0 0% 20
Loan 10 100% 0 0% 0 0% 10
Deposit 6 100% 0 0% 0 0% 6
Direct Debit 5 100% 0 0% 0 0% 5
Current Account 5 100% 0 0% 0 0% 5
Others 5 100% 0 0% 0 0% 5
Shares 2 100% 0 0% 0 0% 2
Safe Deposit Box 1 100% 0 0% 0 0% 1
Total 17,827 100% 0 0% 0 0% 17,827
Consumer Protection Policy
In 2024, the Bank upheld its commitment to consumer protection by adhering to regulatory guidelines, consistently aligning with
Maybank’s Mission of “Humanising Financial Services.” The Bank has undertaken various initiatives aimed at fostering mutually
beneficial and sustainable relationships with consumers.
With the service tagline “Strengthen the inside-out customer engagement with customer centricity and agile ways of working
behaviour” in 2024, the Bank prioritised enhancing product quality, improving information transparency, and/or making transactions
more convenient for customers. One key initiative has been the continuous training of all Bank staff on consumer protection.
The Bank also remains proactive in monitoring regulatory developments related to consumer protection and other relevant regulations,
ensuring that all business activities comply with these provisions and offer maximum protection to consumers. A key element of this
compliance is the timely submission of reports in accordance with regulatory requirements.
In terms of education and sosialisation to the community, the Bank follows the guidance of the Indonesian Payment System Association
(ASPI) by actively participating in the Joint Consumer Protection Education Movement (GEBER), providing educational content on
themes that have been mutually agreed upon.
Aligned with this, Maybank Indonesia focuses on designing various activities, programs, and policies aimed at enhancing customer
protection, particularly regarding savings and the confidentiality of customer data by always complying with applicable regulations and
provisions. Maybank Indonesia has implemented an information technology system that safeguards and protects all customer data, as
well as other protection activities. This system is particularly effective in controlling and monitoring awareness to minimise risks that
could affect the security and comfort of customers as Maybank’s partners.
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Risk
Management
The risk management strategy is consistently
adjusted to the evolving risk landscape, taking into
account material risks as well as other issues such
as cyber risk, geopolitical changes, climate change,
and advancements in artificial intelligence (AI). The
rapid changes in risk characteristics continue to be
balanced with the right strategy and supported by
reliable resources and technology and infrastructure
updates to continue to support the acceleration of
business growth and sustainably contribute to national
economic recovery and the development of long-term
financial stability.
Overview of Risk Management The Bank continues to strive to regularly monitor the risk level,
Implementation in Banking including the overall risk management process carried out
Maybank Indonesia considers the implementation of based on the implementation of Good Corporate Governance
comprehensive risk management as an important aspect for principles. In managing risk management, a corporate
the Bank in effectively managing the various risks. Therefore, governance structure is required to enhance the four-eyes
the Bank pays great attention to the effective and efficient principle and transparency in the risk management process.
implementation of risk management in daily banking operations. The Bank also continuously reviews and refines every policy
and procedure that builds the effectiveness of risk management
The implementation of good risk management practices is one of strategies in line with the increasingly complex business
the significant factors for the Bank’s success. The implementation development of the Bank.
aims to protect the Bank from losses that may arise from the
Bank’s various activities and to maintain the risk level to be Maybank Indonesia implements a holistic approach in
in line with the business strategy and growth of the Bank. managing 8 risk categories determined by the Financial Services
Therefore, the Bank maintains the balance between risks and Authority (FSA), namely Credit Risk, Market Risk, Liquidity Risk,
benefits in order to generate sustainable long-term value growth Operational Risk, Legal Risk, Compliance Risk, Strategic Risk, and
for the shareholders. Reputation Risk, and also 2 risk categories are related to Sharia,
namely Yield Risk and Investment Risk.
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and Analysis
Risk Management Achievement in 2024
01 02 03 04
Improvement of supporting Recovery from write-off Implementation of decision The implementation of
applications for the credit accounts has increased engine on LOB credit card alternate scores for digital
monitoring & tracking system significantly. The increase to automate SLIK checking, SMEs has enabled market
process and analysis at the shows our effective recovery policy, derivation, scoring, expansion and strengthened
credit proposal module, credit strategy and strengthens the limit recommendations, and the bank’s business position.
document management bank’s financial position. The integration with third parties By improving the accuracy
module, and SLIK validation achievement also reflects our via API. of credit assessments, the
module. commitment to maintaining bank can expand their digital
asset quality and stakeholder financing portfolio.
trust.
05 06 07 08
Attrition forecast model has Development of A-Score Validation of 23 credit risk A pilot project for climate
been implemented to minimise model for mortgage, PD models related to internal risk stress testing has been
attrition in the SME Retail model for mortgage, and rating based and 7 models implemented. This project
segment. This implementation Behavior Score for credit card. related to PSAK 71. This step helps strengthen preparedness
aims to increase customer These achievements help helps ensure that model risk in facing future climate risks.
retention and strengthen us run a more efficient risk management is run properly
business stability, by management. in adherence to all applicable
proactively identifying and standards.
addressing potential attrition.
09 10 11 12
The implementation of the Conducting Operational Conducting an integrated Implementing the first phase
new Governance Risk & Risk Certification attended risk management assessment of the phishing simulation
Compliance (GRC) system has by staff and Embedded Risk for cyber and technology system and security awareness
been carried out, including the Unit and Operational Risk & aspects together with platform. This step was
Operational Risk Management Business Continuity (ORCO), subsidiaries and related taken to increase employee
(ORM) and Business implementing annual ORM companies. This step aims to awareness and readiness for
Continuity Management Attestation attended by all ensure that all related units cybersecurity threats, as well
(BCM) modules. This Business Operational Risk are within a consistent and as strengthen protection
implementation ensures more Coordinators (BORC) 1 and up-to-date risk management of important data and
secured operational continuity 2 as well as Operational Risk framework, and to identify and information.
and increases accountability in Training attended by ERU and manage potential risks more
risk management. BORC 1, 2, and 3. selectively.
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Main Pillars of Risk Management Implementation b. Providing overall risk governance
1. Active Supervision by the Board of Commissioners and Board of Directors and oversight of the risk
The Bank applies the risk governance model purposed to regulate the duties and management framework,
responsibilities division in the risk management process, but at the same time, including monitoring and
also provides independence and separation of duties between the 3 (three) lines of reporting of the Bank’s overall
defence, which include the 1st Line, 2nd Line, and 3rd Line. risk exposure.
c. Reviewing, analysing and
evaluating the risk assessment
Maybank Indonesia Three Lines of Defence
and effectiveness of risk
management by Line 1.
Board of Directors, Board Risk Committees & Shariah Supervisory Board
d. Supporting the sustainable and
quality asset growth with optimal
yield through specific credit
management functions such as
External Line of Defence
Executive Level Management -
Risk Management Committee credit evaluation, approval and
monitoring.
1st Line of Defence 2nd Line of Defence 3rd Line of Defence e. Communicating risk strategies
and creating risk awareness
Risk Taken/Owners Risk Control Function Assurance within the organisation.
f. Ensuring compliance with the
applicable laws, regulations,
internal policies, procedures
Day to Day Risks Oversight, Independent and limits (including risk limits).
Management & Control & Assurance & It includes having policies and
Ownership of Risk Challenge 1st line Review procedures in place to detect
and minimise the risk of non-
compliance and to assess the
The Bank has implemented the three lines of defence principle in risk control as a adequacy and effectiveness of
whole. such policies and procedures on
Line 1: an ongoing basis.
a. Having and managing the day-to-day risks inherent in its business and/or
activities, including the risk taking. It includes identifying, assessing, controlling, Line 3:
mitigating, monitoring and reporting its risk exposure and ensuring that it is Providing reasonable assurance
within the established limits in the risk strategy, risk tolerance, risk appetite, and through independent assessment,
risk management framework, policies and procedures. review and validation on the
b. Designing and implementing activities and controls in the end-to-end process. following matters:
c. Reviewing the critical business, owning and being responsible for the a. Framework, policy and
effectiveness of each end-to-end process. risk management tools are
d. Encouraging and facilitating risk management by ensuring effective sufficiently strong and are
implementation and adherence to risk management frameworks, policies, consistent with the applicable
procedures and controls, including monitoring and reporting of risk exposures of regulatory standards.
businesses/functions. b. Control to mitigate risk is
e. Providing clarity to the risk owners regarding risk management practices. sufficient and effective to be
f. Understanding, comprehending and practicing risk management following the applied by Line 1.
Bank’s policies. c. Supervision of Line 1 by Line 2 is
sufficient.
Line 2:
a. Establishing and maintaining a risk management framework, policies and
procedures to identify, assess, control, mitigate, monitor and report on specific
risks as the function’s responsibility, including the Shariah Business Unit.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Risk Oversight
Committee (ROC)
Information and Board of
Technology Oversight Commissioners
Committee (ITOC)
Audit Risk Information
Committee (AC) Management and Technology Others
Internal Audit ALCO
Committee Monitoring supporting
Committee
(RMC) Committee committee
Board of Directors (ITSC)
Whistleblowing
Governance Committee
Nomination and
Remuneration
Committee (RNC)
Integrated Good Integrated Risk
Corporate Governance Management
Committee Committee (IRMC)
Global Banking Community
(Incl. Overseas Financial Services Operation IT Risk Management
Branch) (Incl. Subsidiaries)
Non Retail Market, Liquidity
Retail Credit Operational SME &
Credit Policy Enterprise Risk & Treasury Credit Risk GB Technology Risk
Portofolio Risk & Business Consumer
& Strategic Risk Management Credit Risk Management Remedial Management
& Policy Continuity Collection
Management Management
1st Line of Defence 2nd Line of Defence 3rd Line of Defence
Maybank
WOM Finance Indonesia
Finance
In order for the risks inherent in the Bank to be identified and managed effectively, it is necessary to have an appropriate risk
management organisation structure for the size, complexity, and capabilities, as well as the objectives and internal policies of the
Bank.
BOARD-LEVEL RISK COMMITTEES
Risk Oversight Committee (ROC)
The Risk Oversight Committee (ROC) is a Board of Commissioners-level committee that monitors the implementation of
principles and practices for risk management within the Bank’s risk management framework. ROC authorities and responsibilities
include evaluating and reviewing risk management policies and strategies for approval by the Board of Commissioners as well
as providing suggestions/advice to the Board of Commissioners regarding risk monitoring information and responsibilities
implementation.
Audit Committee (AC)
The Audit Committee is established by and responsible to the Board of Commissioners in assisting their duties and functions. The
Audit Committee is in charge of monitoring and evaluating audit planning and implementation as well as monitoring the follow-
up of audit results in order to assess the adequacy of internal control, including the adequate financial reporting process.
Nomination and Remuneration Committee (NRC)
NRC is a Board of Commissioners-level committee that assists the Board of Commissioners in performing supervisory duties and
functions, especially on matters related to remuneration and nomination policies.
Information Technology Oversight Committee (ITOC)
The IT Oversight Committee is a committee to assist the Board of Commissioners in fulfilling its oversight responsibilities with
respect to the overall role of technology in executing the business strategy of the Company.
Whistleblowing Governance Committee (WBGC)
The Bank has established a Whistleblowing Governance Committee (TKWB)/Whistleblowing Governance Committee (WBGC)
that functions to ensure Whistleblowing reports are followed up with appropriate attention, independence, investigation, and
corrective action.
Integrated GCG Committee (IGCG)
It is a committee of the Board of Commissioners of Maybank Indonesia Financial Conglomeration that assists the Board of
Commissioners in performing supervisory duties and functions, such as the adequacy of internal control and the implementation
of integrated functional compliance.
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MANAGEMENT-LEVEL RISK COMMITTEES
Risk Management Committee (RMC)
RMC is a Board of Directors-level committee that implements the implementation of Risk Management policies and the overall
risk exposure taken by the Bank individually and on a consolidated basis with the subsidiaries. RMC is also responsible for
evaluating and providing recommendations to the President Director regarding risk management.
Assets & Liabilities Management Committee (ALCO)
ALCO is a Board of Directors-level committee in charge of development, evaluation, and implementation, as well as providing
recommendations to the President Director regarding the Asset & Liability Management strategy of the Bank.
Credit Committee (CC)
CC is a Board of Directors-level committee that evaluates and takes decisions on loan proposals, Purchase/Sale Marketable
Securities, interbank limits, and post-approval monitoring. Furthermore, CC is also responsible for coordinating with ALCO on
credit funding aspects, as well as reviewing limits, internal ratings, and others related to the Bank’s assets.
Credit Restructuring Committee (CRC)
CRC is a Board of Directors-level committee that evaluates and makes decisions on loan restructuring agendas, asset takeovers or
transfer plans, asset sales, repossessions, write-offs, collect-offs, and other matters related to the rescue and settlement of non-
performing loans.
Information Technology Steering Committee (ITSC)
ITSC is a Board of Directors-level committee providing recommendations on IT-related policies to support the mission
achievement and strategic goals following business policies of the Bank.
Internal Audit Committee (IAC)
This is a committee established to assist the Board of Directors in performing its oversight function. This includes reviewing the
internal control system, the quality of financial statements, and the effectiveness of the internal audit function.
Human Capital Committee
The Human Capital Committee has been established with the objective of assisting the Board of Directors in providing strategic
direction and making important decisions in accordance with the main needs/key issues in the field of human capital at PT Bank
Maybank Indonesia Tbk.
Human Capital Disciplinarian Committee
Analyse/review the sanctioning plan including deciding the sanctioning of employees who commit violations decided in the
Human Capital (HC) Disciplinarian Committee Meeting.
Credit or Financing Policy Committee (KKP)
KKP is a committee that assists the Board of Directors in formulating policies, overseeing the implementation of policies,
monitoring the development and condition of the credit or financing portfolio and providing suggestions for corrective measures.
Transformation Steering Committee
The Transformation Steering Committee is responsible for leading and overseeing the bank's comprehensive transformation
across strategic, operational, technological, and cultural dimensions. The Committee ensures that the transformation aligns with
the bank's primary objectives and addresses the needs of all stakeholders, including customers, employees, and regulatory bodies.
Joint Steering Committee
The Joint Steering Committee has responsibilities that include overseeing and directing projects, ensuring that all activities
proceed according to plan, and meeting the established strategic objectives.
Integrated Risk Management Committee
The Committee is responsible for recommending an integrated framework or policy to identify, measure, monitor, manage and
control all significant risk factors to Maybank Indonesia’s Board of Commissioners as the Main Entity for evaluation and approval.
Risk Management Working Unit (RMWU)
Risk Management Work Unit (RMWU) is an independent business work unit that is responsible directly to the Director in charge
of the risk management function. RMWU is in charge of facilitating risk disclosure capabilities and supporting the effectiveness of
the development and implementation of the overall risk management strategy.
2. Adequate Risk Management Policy, Procedure, and Limit Setting
Effective Risk Management implementation must be supported by the framework, including Risk Management policies and
procedures as well as clearly defined risk limits in line with the Bank’s vision, mission, and business strategy. The Risk Management
policies and procedures are prepared by considering the type and complexity of business activities, the risk profile, and the risk level
to be taken, as well as regulations stipulated by the authority and/or sound banking practices. Also, the implementation of Risk
Management policies and procedures owned by the Bank must be supported by adequate capital and quality human capital.
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A. Policies and Procedures
The Bank designs and implements policies and procedures by considering the characteristics and complexity of business
activities, the risk level to be taken and risk tolerance, risk profile and regulations set by the authority and/or sound banking
practices.
Maybank Indonesia Risk Policy Level Structure consists of the following:
Level 0
Framework
Framework example:
(Risk Management Framework (KKMR), Credit Risk Framework,
Level 0 Market Risk & Liquidity Framework, Operational Risk Management
What we all must do
Framework, Other Risk Management Frameworks)
Level 1 Level 1
What we do at the Bank Level Bank Level Risk Management Policy
Level 2 Level 2
What we do at the Risk Management Policy at the Segmentation of
Segmentation Level Business/Products & Subsidiaries Level
Level 3 Level 3
How do we do it Risk Management Procedure
1. Framework - acting as the policy shield for the Bank’s risk policies (including subsidiaries)
2. Bank-Level Risk Policy - the policy regulating risk management at the bankwide level.
3. Risk Management Policy at Business/Product & Subsidiary Segmentation Level - the policy regulating risk management at
the business/product/activity segmentation level.
4. Bank Risk Management Procedure - is an implementation guideline containing written guidelines that regulate detailed
procedures for risk management at the Bank and Subsidiaries.
Policies and procedures are regularly reviewed and updated through authorised committees/officials to reflect changes in
market conditions, regulations and the business environment.
B. Risk Level to be Taken (Risk Appetite)
Risk Appetite Statements (RAS) is a comprehensive description of the risk appetite of all material risks inherent in the Bank’s
activities. The Risk Appetite Statements (RAS) translate the risk appetite into risk limits and controls to manage risk exposures
arising from the Bank’s business activities.
RAS is the basis for the Bank to apply steps of the Risk Management work program in 2024 so as to be able to minimise and
manage the risk effectively for the long-term returns to the stakeholders according to the risk level taken. Therefore, the RAS is
a reflection of risk-taking activities and how to manage them.
Risk appetite aligns the entire stakeholders needs by acting as a risk manager and driver of current and future business
activities. Effective risk appetite can be a strong driving force for the risk culture implementation in the Bank.
3. Adequate Risk Identification, Measurement, Monitoring and Controlling Process as well as Risk Monitoring and Reporting
Risk Management Process and Practice:
IDENTIFICATION MEASUREMENT CONTROL MONITORING REPORTING
New products and • Methodology • Qualitative and • Risk exposures • MIS
business activities • Modeling, quantitative control versus risk control • Reporting to
and initiatives validation, and • Preventive measures • MIS Management
technical analysis • Recovery plan
• Contingency Plan
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• Risk Identification is carried out by analysing all sources of risk, which is at 4. Comprehensive Internal Control
least carried out on the products and activities risks of the Bank and ensuring System
that the new products and activities risks have passed through appropriate Risk Internal control system in
Management processes prior to being introduced or implemented. implementing risk management
• Risk Measurement is used to measure the Bank risk exposure as the reference includes the following:
for controlling. Risk measurement is required to be carried out periodically for • Suitability among the internal
products and portfolios as well as all business activities of the Bank. control system with the types
• Risk Control is adjusted to the risk exposure and the risk level to be taken and level of risk inherent in the
and in line with the risk tolerance. The Bank may take control using facility of Bank’s business activities.
hedging mechanisms, and other risk mitigation methods such as the issuance of • Establishment of authority and
guarantees, insurance strategies, asset securitisation, and credit derivatives as responsibility for monitoring
well as additional Bank capital to reduce potential losses. compliance with policies,
• Risk Monitoring includes monitoring the magnitude of risk exposure, risk procedures, and limits.
tolerance, internal limit compliance, and the results of stress testing as well as • Determination of reporting lines
the consistency of implementing the established policies and procedures. and well-defined segregation of
• Risk Monitoring and Reporting includes management information system (MIS) functions from operational work
that is accurate, complete, clear, informative and timely. Adequate management units to work units that perform
information system availability is imperative in aggregating, supervising and the control function.
reporting risk exposures and reporting expectations to Senior Management and • Organisational structure that
Risk Committees on a regular basis and supporting compliance with the related distinctly defines the duties and
policies, limits and regulatory provisions/directives. responsibilities of respective
units and individuals.
• Business units are required to
3 Level of Risk Management Reporting: submit reports or information
periodically on risk exposures
managed by the work unit to the
less less Risk Management Unit.
• Accurate and timely financial and
BOARD/
GRANULARITY
operational activities reporting.
REGULATORY
REPORTING Risk Management Practice
FREQUENCY
Risk Management
MANAGEMENT REPORTING The risk management process at Bank
Maybank Indonesia enables the Bank
Management to identify, measure,
more OPERATIONAL REPORTING more
monitor and control all risks in running
business activities.
Reporting Description
Board/Regulatory • Summarising the aggregate risk exposures of the Bank and
business.
• Reporting for Regulatory purposes
Management Reflects the risk exposure of the Bank and its subsidiaries.
Operational Detailed reporting on risk exposure, compliance with policies,
procedures, etc.
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Management of 8 Main Categories of the Bank Risk and 2 Types of Shariah 1. Credit Risk Framework (KKRK)
Business Unit Risk - is the main policy/shield
a) Credit Riskt policy for credit that regulates
Definition: general policies required to be
Credit risk is the risk of loss arising from the failure of a counterparty to meet implemented Bankwide and as
its financial obligations in accordance with the agreed terms of a credit facility. a foundation for the downline
Credit Risk includes risks that are due to debtor default, concentration of funding policies.
(a.k.a. Credit Concentration Risk), counterparty failure (counterparty credit risk), 2. Credit/Financing Policy by
settlement failure (a.k.a. settlement risk), and country risk. Business Segment, CUS & PDA
- is a credit policy regulating
In terms of credit risk management, the Bank has credit policy architecture as the Business Segmentation/Cross
guideline in order to standardise policies, provisions, and procedures at each stage of Business Unit/Product Program
the credit process as follows: and its derivative from Credit
Risk Framework (CRF).
What do we do in credit at
3. Credit Procedures - is an
Credit Risk Framework (KKRK)
the Bank level implementation guideline that
contains written guidelines
governing in detail, including but
Level 2A
Credit/Financing Policy per Business Segment not limited to credit operations,
What we do at the
Segmentation Level program product transactions,
Level 2B and control activities in each
Credit Underwriting Standard (CUS) & Product Development credit-related Work Unit
Assessment (PDA)
function.
Bagaimana kita Level 3
mengerjakannya Credit Policy
Credit Process Flow
Non-Retail Credit
Target Market Analysis
Credit Initiation
• Industry Limit
Company/Plant Visit Introduction
• Referral, Walk In
Qualitative Analysis Collateral/Guarantee Analysis
Quantitative Analysis • Checking & Investigation: • Collateral Coverage Analysis
• FS Analysis (B/S, I/S) bank, Trade, Market Community • Collateral Valuation (Appraisal)
• Cash Flow Projection Analysis • Macro Economy Analysis • Guarantee Analysis
• Group Exposure Analysis • Insurance Analysis
Credit Proposal Credit Review Credit Approval
Book & Settlement
Legal Documentation
• CAC, Loan Ops, Trade Ops
Legal Review on Credit
Offering Letter Agreement & Collateral Security
• Loan Ledger: Withdrawal &/
Repayment
Agreement
• Accrual System
Account Management
• Covenant Monitoring
• Call Program/Report
• Review Date
• Early Warning System
Extention The Facility Y/N Terminate The Facility Remedial
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The non-retail segment includes loans sourced from target markets, which are diverse and complex in nature, thus requiring
more in-depth risk analysis, determination of facility structure, and determination of appropriate covenants. Generally, debtors in
this segment are corporate/commercial, Financial Institutions (“FIs”)/Non-Bank Financial Institutions (“NBFIs”), and Sovereigns.
The credit process in this segment begins with analysing the target market based on industry studies by taking into account the
industry limits to manage credit concentration risk in each industry group and also serves as a control medium that ensures the
funds provision according to the stipulated target market. Subsequently, credit initiation is carried out, followed by a credit analysis
process that includes quantitative, qualitative, and collateral/guarantee analysis, which is then followed by a review process
and decision-making with the four-eyes principle involving business function and review function. On an ongoing basis, account
management is carried out through regular monitoring and review with various supporting tools so that further follow-up can be
carried out immediately on these accounts.
Retail Credit
Monitoring quality of Credit Underwriting through some parameters such as FID (First
Installment Default), Fraud (New Booking Straight to Write Off), Vintage Analysis, and
Monitoring & Review
applying AQT (Acquisition Quality Trigger) through statistical approach.
• Monitoring & review for credit quality of each Credit Approver.
• Monitoring deviation & deviation review related to credit quality.
• Monitoring rejection rate & top reject reasons.
• Credit Scoring calibration regulary to ensure model accuracy.
• Regular monitoring for KS Value, Population Stability index (PSI), High Score Override,
and quality for Low Score Override.
Incoming Duplicate Survey/ Credit
Pre Screening Data Entry SLIK Checking Credit Scoring Credit Decision
Application Checking Verification Approval
Risk Management Implementation
Applying SLIK Criteria based on risk level
for each product.
Checking for Internal Blacklist, One Obigor
Collectability, Duplicate Reject, Duplicate in
Process, etc.
• Applying Card Rating policy for Carded Segment.
• Applying phone verification & field survey policy.
Credit Scoring is used as part of credit decision
to ensure consistency & credit quality.
Applying delegation limit authority & deviation approval authority in credit decision as
part of Four Eyes Principal.
As shown in the Retail Credit Process chart above, the Retail Credit process is systemised by relying on data from the Credit Bureau,
SLIK, and Scoring Model as well as risk cutoffs established based on Portfolio Analytics results. The credit process is directed
towards automation and increasingly moving to digitalisation to reduce Manual Judgement and potential Human Error in the
process. This is due to the Mass Market and Population Segmentation Assessment nature of Retail Credit Risk Supervision.
Therefore, in handling Retail Credit Risk, we continue to direct the development of data science that we have been doing. It
purposes to sharpen the development of the Retail Credit Risk Supervision process, which includes the following elements:
1. Population and Segmentation movement Analytics, this method is used for in-depth analysis of the quality movement of each
product and the behaviour profiling of the population segment.
2. Continue Assessment model, to find out whether the current model is applicable or must be recalibrated or re-developed.
3. Product assessment against target market.
4. Effort for Digitalisation with the direction of AI Modelling, and development as a future goal.
5. Improvement on customer experience without sacrificing the predetermined Risk Appetite.
Risk Mitigation Strategy:
Credit risk may arise from various banking functional activities, such as risks arising from lending/financing to debtors/customers, as
well as from treasury activities and investments and trade financing.
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To mitigate the potential impact, the Bank must manage In its objective to provide superior and more effective
credit risk both at the borrower level and at the portfolio services, to sustain sound business growth, and to generate
level in all functional activities of the Bank. In addition to the sustainable profits whilst upholding the principle of
account monitoring carried out by the Business Units on a prudence, the Credit-related Credit Risk Management Unit,
daily basis, the Risk Management Unit also manages credit in collaboration with the Business Units, refines credit/
risk separately, both functionally and organisationally, to financing policies to ensure better credit risk management,
ensure the integrity of the risk assessment process. evaluates credit approval authority limits, and ensures credit
underwriting, evaluation, and credit risk mitigation processes
Through a strong credit culture that includes clear credit are carried out in accordance with these credit policies.
policies, thorough credit evaluation, and good portfolio
management, the Bank continuously evaluates the credit Within the Business Unit, an Embedded Risk Unit (ERU) has
risk on its portfolio and reviews it by the business units been established to strengthen management of the daily
together with the risk management unit and oversight by risk inherent in the business and/or its operations. This
management. Furthermore, with the aim of improving credit is conducted by means of effective implementation and
competencies and ensuring credit staff’s understanding compliance with risk management frameworks, policies,
of the applicable credit policies, the Credit-related Risk procedures, and controls.
Management Work Unit continuously conducts credit
analysis training and socialisation of credit policies, as well as An effective credit approval process has enabled an
the implementation of e-learning related to credit policies, optimised credit decision process through the delegation of
both at the head office and branches. The unit also regularly credit approval authority across branches, regional offices,
invites industry practitioners as speakers to provide the and head office.
latest information on the condition of the industries that the
Bank focuses on.
The following diagram illustrates the loan approval process from branches to the Loan Officer.
Credit > Rp X billion Credit above RpX billion up to Credit above
Rp Y billion RpY billion
BRANCHES/AREA REGIONAL OFFICE HEAD OFFICE
Aplikasi Kredit Credit Application
Evaluasi Kredit Credit Evaluation
Branches/Area No Regional No Credit Committee
Stop
Authority? Authority? Decision
Not
Yes Yes Approved
Recommendation Recommendation
from from Regional
Yes Area Head? Yes Head
No No Approved
Keputusan Pemutus Keputusan Pemutus
Stop Stop
Kredit Kredit
Not Not
Approved Approved
Approved Approved
DOKUMENTASI, PENGIKATAN, PENCARIAN, & PROSES ADMINISTRASI KREDIT LAINNYA
The Credit Risk Management Unit evaluates each credit proposal submitted by business units in a certain number, both per
debtor and per group of debtors, to ensure that all risks have been identified and mitigated. At the evaluation stage, the Risk
Management Unit also uses the Risk Acceptance Criteria (RAC), which has been designed for several specific industries as an initial
filter. Furthermore, the Credit Risk Management Unit provides recommendations regarding proposal feasibility and, if necessary,
provides additional conditions/requirements to mitigate any credit risk that may arise from the loan. Recommendations for credit
submissions will be forwarded by the Credit Risk Management Unit to the Credit Committee.
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Credit applications under a certain amount are handled Credit risk management for the retail segment is also carried
directly by the business units in accordance with the out through the Loan Origination System (LOS) of each
delegation of authority granted. Credit approval authority product, where the parameters and criteria owned by each
held by business units is reviewed periodically and evaluated product are implemented in a system that is managed and
based on criteria that have been recommended by the Credit regulated by the risk management unit.
Risk Management Unit and discussed further for approval by
the Committee/Authorised Officer. In addition, the Bank specifically also manages counterparty
credit risk (CCR), which is a credit risk exposure on
In addition to providing credit proposal recommendations, transactions in the Global Market (Treasury) with other
the Credit Risk Management Unit also monitors credit parties, whether related to Pre-Settlement Risk (PSR) and/or
quality for all Bank portfolios by paying attention to early credit risk due to settlement failure (settlement risk).
indications of a possible decline in credit quality that may
arise due to changes in market conditions, industry outlook, The principle of CCR management begins with the
macroeconomic, and regulatory conditions. The Credit Risk establishment of effective governance, such as the
Management Unit also ensures that the Business Units availability of policies as well as detailed job descriptions,
oversee the quality of the Bank’s credit portfolio through an responsibilities, and authorities of all stakeholders
Early Alert Mechanism (EAM), a method of early detection of (Committees, risk taking units, risk management units,
customer conditions through a series of questions called an and other units involved, including internal audit). Then
early alert checklist, which must be assessed by the Business supported by a strong risk management process such as
Unit when conducting a business visit. The outcomes of the identification, risk measurement through the determination
business visit are presented through a web-based media (Call of PSR and its limits, as well as the monitoring and reporting
Report System) and can be processed to be followed up by process of the risk exposure.
both the Business unit and the Credit Risk Management unit
should there be indications of a customer’s deteriorating PSR is the risk where a counterparty defaults on payment
credit quality and to suggest needed measures. As an initial before final settlement, resulting in a breach of loan contract.
measure, Past Due Monitoring is exercised when a debtor is PSR may cause the replacement cost risk, which is the
past due in his obligations so that measures can be taken as potential cost of replacing a previous transaction, arising
soon as possible. In addition, to further improve the credit from market price fluctuations and is generally a certain
quality monitoring process, the Credit Risk Management percentage of the transaction amount
unit has also formed the Asset Quality Committee, which
functions to discuss the conditions of accounts and decide The PSR factor is calculated based on the movement or
upon action plans to mitigate the impact of credit risk. volatility of market price (exchange rates, interest rates) from
historical data one year before by using certain confidence
To optimise the risk control process, the Credit Risk intervals and is determined for each product or financial
Management Unit continuously reviews, develops, and instrument, currency, and transaction period. The magnitude
improves the systems and tools used as risk monitoring of a PSR factor will be reviewed periodically or should there
tools on an annual basis. As a tool to maximise the process be significant market price movements or changes.
of evaluating, monitoring, and controlling credit risk, a web-
based media has been developed called the Monitoring and Settlement Risk is a failed transaction risk settlement
Tracking System (abbreviated as MTREX). carried out on the date of settlement, which is influenced by
settlement arrangements such as exchange time, payment
In addition, the Risk Management Unit has also developed method, role of intermediary, and clearing house. The
the MyMIS application related to the provision of large funds amount of risk is calculated by the full payment amount
on a daily basis to support the Business Unit in monitoring on a certain settlement date. Determination of daily
debtor and obligor exposures so that the Bank can manage settlement limits is used to limit the number of counterparty
the provision of funds in accordance with regulatory settlements within one day.
requirements.
Settlement risk is mitigated through transaction settlement
mechanisms such as Good Fund Base, Payment versus
Payment (PvP), or Delivery versus Payment (DvP). In
addition, the Bank also develops and oversees collateral
or margin limits in derivative transactions as an effort to
mitigate CCR risk.
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To measure the level of credit risk, the Bank employs several measuring instruments as below:
1. Scorecard: To calculate the approximate default probability of a debtor. The scorecard results are used as a basis for determining
risk categories in credit decision making. Application Scorecard (A-Score) has been implemented in Retail products including
Credit Cards, Personal Loans, Mortgage, Auto 4 Wheelers (Maybank Finance), and SME. Meanwhile, the Behaviour Scorecard
(B-Score) has been implemented in Credit Card and RSME products.
2. Internal Borrower Risk Rating (BRR): To determine the debtor’s risk rating and loss expectation for a debtor based on a particular
type of scorecard (Medium Corporate Scorecard, Large Corporate Scorecard, Non-Bank Financial Institution, Contractor,
Property Investor, Real Estate Investor/Developer, Project Finance, etc.), quantitative and qualitative indicators. Internal
Borrower Risk Rating is used as a basis for determining risk categories and is one of the considerations of the Credit Committee
in deciding loans for non-retail credit segmentation, specifically Commercial and Corporate.
3. Return on Risk Weighted Asset (RRWA): To calculate the profits generated from business relationships with debtors compared to
risk-weighted assets.
Apart from managing credit risk on debtors, the bank also conducts a portfolio-wide credit risk management process with key stages
of the risk management process and building blocks established to ensure all areas of credit risk are addressed and mitigated at the
portfolio level.
Proses
Pengelolaan Identifikasi Pengukuran Pengendalian Pemantauan Pelaporan
Risiko Kredit
Portfolio
Building Risk Appetite Model Independent
Credit Policy Monitoring & Stress Testing
Blocks Statement Development Credit Review
Reporting
a. Risk Appetite Statement (RAS)
RAS is an important component of credit risk management in stating the risk appetite and tolerance level of the Bank for credit
risk.
b. Credit Policy
Credit policies are prepared in managing credit risk as facility to ensure that underwriting standards are in line with the Bank’s
risk appetite and regulatory requirements.
c. Model Development
Credit risk model is developed to ensure consistency in the determination of risk grading of debtors, credit facilities, and
collateral.
d. Portfolio Management and Reporting
Portfolio management is useful in identifying periodic changes in the risk profile of the loan portfolio, as well as in determining
whether the credit risk strategy, policies and models implemented by the Bank are in line with the RAS.
e. Stress Testing
Stress Testing is an analysis conducted under adverse economic scenarios (such as a recession or financial crisis), and is designed
to measure the Bank’s capital adequacy against the effects of economic deterioration.
f. Independent Credit Review
Independent credit review is intended to ensure that the lending process and lending decisions remain consistent with the risk
management strategy of the Bank.
Success in managing credit risk can be achieved by implementing a credit lifecycle, starting from offering appropriate products,
identifying the right target market, establishing prudent risk acceptance criteria, implementing strong controls in the credit
initiation and credit approval process, maintaining a healthy credit portfolio, and implementing adequate collection systems and
recovery practices.
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a) Market Risk the Bank clearly separates the trading book from the banking book and establishes
Definition: the criteria for instruments to be designated as trading book and banking book,
Market risk is the risk that the among others, from the intention or purpose of ownership of the instrument. In
fair value or future cash flows of a terms of accounting standards, accounting treatment is determined based on
financial instrument will fluctuate classification using the business model approach as follows:
due to changes in market variables,
such as interest rates, exchange Book Business Model Accounting Treatment
rates, equity prices, and commodity
prices. Market risk is inherent in all Banking Hold (Amortised Cost/AC)
bank portfolios, including positions Hold & Sell a. Measured at Fair Value through Other
on the Trading Book and Banking Comprehensive Income/FVOCI, or
b. Measured at Fair Value through Profit or
Book, both on balance sheets and Loss/FVTPL*.
administrative accounts. Trading Trading FVTPL
Note:
The definition of a trading book * Only allowed for financial instruments that failed the SPPI (Solely Payment of Principal and
instrument is any instrument, both Interest) assessment
financial and exchange rate, held
by the Bank for one or more of In general, the governance related to the trading book and banking book can be seen
the following purposes when first in the following figure:
booked:
a. Short-term sale and purchase;
Keuangan/Aktivitas Jangka Waktu
Aktivitas Bisnis Permodalan
b. Taking advantage of short-term Accounting dan Intensi
price movements;
c. Locking in arbitrage profits; and/ Trading Book
- Property Trading
FVTPL
- MtM - Short Term Pillar 1 Risiko -
- Corporate Sales - P&L - Actively Traded MRCC
or
d. Hedging risks arising from
- Loans & Deposits FVOCI
instruments that meet the - Other Assets & - Book Value
Medium to
Pillar 2 Risk
Banking Book Liabilities - Accrual - IRRBB &
criteria of short-term buying Long Tem
- Investments & - Equity Reserve Liquidity Risk
Reserve AC
and selling, taking advantage of
short-term price movements and
locking in arbitrage profits.
Market Risk Management Concept:
There are also no legal obstructions As the guideline in risk management, the Bank set out basic concepts of market risk
to selling or conducting hedging on management principles, as illustrated below:
the overall above instruments.
KET RISK
F MAR MA
While the definition of a banking SO NA
LE
G
book is all other positions that are
P
EM
CI
IN
Identification
EN
not included in the trading book.
CE
PR
T
SUP
VERNAN
Report Measurement
Market risk management aims to Proses
ERVISIO
Pengelolaan
mitigate the impact of changes in the Risiko Pasar
GO
above market variables on the Bank’s
N
financial condition (profitability and/ Monitor Control
PR
T
or capitalisation), including setting
EN
IN
EM
risk tolerance and limits. PL
CI
ES AG
OF
MAR M AN
Following the provisions on the KET RISK
implementation of risk management
for commercial banks and the The principle of risk management starts with describing the governance structure
provisions on the minimum capital and the roles and responsibilities of all committees, risk taking unit, such as Global
requirement for commercial banks, Markets and Corporate Treasury, other units involved, risk management units, and
internal audit units.
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Market, Liquidity & Treasury Credit Risk Management (MLTCRM) is an independent work unit appointed to fulfil the Bank’s market
risk management function to support the functions and responsibilities of the Assets and Liabilities Committee (ALCO) and Risk
Management Committee (RMC).
On an ongoing and periodic basis, MLTCRM establishes and/or reviews each market risk management policy and procedure,
measurement methodology and limits or restrictions in market risk management which are always adjusted to the size and
complexity of the bank, the latest market risk management practices, and related regulations.
Meanwhile, the market risk management process is generally described as follows:
1 Identification 2 Measurement 3 Control 4 Monitor 5 Reporting
Product features Measurement method Separation of duties The process of Daily report,
or characteristics, used in quantifying and responsibility, monitoring the amount monthly report,
measurement tools, risk, such as Net Open policy & procedure, of risk exposure, ad-hoc report,
controls, and required Position (NOP), PV01, determination of compliance with escalation report.
infrastructure. Value at Risk (VaR), limit, triggers, or established controls,
Profit & Loss, Earning threshold including including the process of
at Risk (EaR), Economic empowerment and escalating exceedances
Value of Equity (EVE), authority for approval and consistency in
stress testing, and and escalation of limit the application of
others. exceedances. established policies or
procedures.
The Bank also validates the market risk measurement model, which includes quantitative and qualitative aspects, by an independent
internal party towards the work unit that applies and develops the model or the risk-taking unit. If necessary, validation is carried
out or completed with the results of a review conducted by an external party who has technical competence and expertise in
developing a Risk measurement model.
Market Risk Management Strategy in Trading Book:
In managing market risk in the Trading Book, MLTCRM is responsible for developing and implementing policies, methodologies for
measuring, monitoring and reporting risk exposures to the approved limits.
The Bank adopts several measurement techniques to accurately quantify market risk exposures in the Trading Book, such as, Value
at Risk (VaR), Present Value of a basis point (PV01), Greeks (such as Delta, Gamma, and Vega), Stop Loss Limit, Foreign Exchange Net
Open Position (FX NOP), Stress Test, Back Testing, Jump to Default (JDT) and Credit Spread of a base point (CS01), which are briefly
described in the sections below.
VaR is defined as the maximum potential loss arising from normal market movements in the level of trust and the period of taking
certain positions based on the sensitivity or volatility of each instrument/portfolio variable and also the diversification effect that
reduces the risk position in the portfolio. VaR as a method of measuring risk has several limitations, including (but not limited to):
• VaR uses historical data to forecast future price movements. While future market movements can be far different from past
movements.
• Furthermore, the use of the method for taking a position in 1 (one) day assumes that the overall position in the portfolio can
be liquidated and hedged in 1 (one) day. In times of liquidity difficulties or specific market events, this assumption is likely to be
incorrect.
• In addition, the use of a confidence level of a certain percentage indicates that VaR does not include losses that exceed the
confidence level.
The following is the result of VaR measurement for the 2024 period ending on 31 December 2024 (in full Rupiah):
31 December 2024 (Unaudited) (in Rupiah)
Exchange Rate Interest Rate
Average 3,628,731,152 5,613,885,440
Highest 19,786,099,345 12,475,286,980
Lowest 283,205,686 1,594,649,988
Per end of period 18,245,291,691 3,227,673,080
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In addition to VaR, the Bank uses PV01 to measure losses The management of market risk in the Banking Book
from an instrument or collection of portfolios when interest position is mainly focused on managing the risk of market
rates change by 1 (one) basis point. PV01 acts as a measure interest rate changes by using a repricing gap analysis. In
of the sensitivity of the portfolio towards changes in interest this analysis, assets, liabilities, and administrative account
rates. While measuring the sensitivity of market risk to positions that are sensitive to interest rates are distributed
option values due to changes in underlying parameters, the in a certain time period based on the reprice adjustment
risk is represented through Greeks. Furthermore, the Bank period or based on the remaining maturity to produce a net
also sets a Stop Loss Limit to limit financial losses that can repricing gap for that time period.
occur on each portfolio on the Trading Book.
From the net repricing gap profile, we can measure the effect
FX NOP is a mechanism for measuring the total of positions, of changes in interest rates on net interest income (earnings
or permissible ownership, of a foreign exchange currency perspective) by using the analysis of Earning at Risk (EaR)
carried out to mitigate exchange rate risk. and on the economic value (economic perspective) of all
balance sheet cash flows by using the Economic Value of
Stress tests are used in monitoring market risks in extreme Equity (EVE) analysis.
market conditions. Because VaR generally does not produce
potential losses stemming from extreme market movements, By knowing the impact of changes in interest rates on the
the Bank uses stress test scenarios to monitor market risks Bank’s performance, both in terms of income and capital, the
originating from these extreme conditions. The stress test Bank can immediately restructure its assets and liabilities
scenario is based on historical data and future projections in terms of the repricing date or type of interest rates (fixed
that are used as hypothetical extreme events. or floating) to be adjusted due to the projected changes in
interest rates in the future so that the risks that arise can be
The Bank also conducts backtesting as the validation mitigated.
technique of the VaR model’s effectiveness, which is
currently practiced globally. Despite the VaR model The management of interest rate risk, from the perspective
estimating potential future loss outcomes, the calculations of net interest income and economic value, is carried out
are based on historical market data. In backtesting, the actual by measuring the sensitivity of assets and liabilities and
hypothetical loss/profit results in a day are compared with the position of the Bank’s administrative financial accounts
the VaR in a day so that it can be seen how well the VaR against various scenarios of interest rate changes. There are
model predicts future losses. several approaches or scenarios for interest rate changes
used by the Bank, namely the internal approach based on
Jump to Default (JTD) risk implies that a financial product, interest rate volatility and a 100-basis-point change in all
whose value is directly dependent on the credit quality of yield curves and a regulatory standard approach based on 6
one or more entities, may experience sudden price changes scenarios of interest rate changes.
due to an unexpected default of one of these entities.
The Bank also conducts an outlier test in the IRRBB
Credit spread of a basis point risk (CS01) represents the calculation process for capital adequacy assessment by
change in value of a financial instrument caused by a 1 comparing the maximum ∆EVE value at the end of the
basis point change in its credit spread. Credit spread is reporting quarter based on 6 scenarios of changes in interest
the difference between the yield of a risk-free financial rates with core capital (Tier 1) at the position at the end of
instrument and a riskier financial instrument for the same the reporting quarter.
maturity period.
Market Risk Management Strategy in Banking Book:
In addition to the adequacy of policies, procedures, and risk
limits determination in the Banking Book, the Bank also
utilises hedging related to risk management in the Banking
Book by using financial instruments, such as derivative
financial instruments, which have been approved by ALCO
and in accordance with the prevailing regulations and are
used only to reduce risk in the Banking Book and are not
used as a source to generate profit/income.
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In addition, the Bank also conducts stress tests to see the resilience or sensitivity of The ALM system to measure
the Bank in facing abnormal market conditions. and manage interest rate risk in
Banking Book positions has been
implemented so that more complex
additional methodologies such as
Group Repricing Gap (“GAP”) Bank dynamic simulations can be done
Approach Approach
In Accordance - Static/ automatically.
Sensitivity Analysis (“PV01”)
with Group Dynamic
Terms Balance
Sheet Regarding the management of
Earnings-at-Risk (”EaR”) - Interest Rate interest rate risk of securities
shock based
on volatility portfolios, the Bank has policies,
Economic Value of Equity (“IEV”) procedures, methodologies, and
or
Impact on Economic Value (“IEV”) monitoring procedures carried out on
Economic Value at Risk (“EVaR”) a daily basis. The risk management
process is carried out by setting
various types of limits, such as the
Regulator Approach
In Accordance with Regulator Terms position limits for the Fair Value
through Other Comprehensive
Asset Liabilities Yield Analysis Income/FVOCI and Amortised Cost/
AC limit PV01, the limit on the
Bank Approach Group Approach decrease in corporate bond prices,
- Position - PV01
- Mark to Market - Year to Date Loss the limit of losses to the revaluation
(MtM) - Minimum Holding process (mark to market), and the
- Decrease in Period
corporate bond loss limit (year to date/YTD loss) for
prices the FVOCI portfolio.
- Maximum number
of sales/month for
FVOCI (AFS) portfolio As a foreign exchange bank, the Bank
has and implements policies and
procedures as well as restrictions
For interest rate risk control and mitigation in the Banking Book, the Bank for managing the risk of the Bank’s
has established controls both quantitatively through setting limits, including overall exchange rate.
empowerment and authority in the approval and escalation of exceedances/triggers,
and qualitatively through management strategies, the transfer of risk through the c) Liquidity Risk
FTP instrument, and a hedging strategy. The limits stipulated in managing interest Definition:
rate risk on the banking book are Earning at Risk (EaR) and Economic Value of Liquidity risk might occur if the
Equity (EVE); all is determined to ensure that the interest rate risk of the Banking Bank is unable to fulfil its financial
Book position is managed carefully and in accordance with the pre-determined risk obligations to customers or
appetite. counterparties in a timely manner
with reasonable costs or the inability
The Bank has also validated the behaviour model used in the measurement of the Bank to develop its assets. To
of interest rate risk in the Banking Book such as repricing behaviour on Non- manage this liquidity risk, a strategic
Maturity Deposit (NMD) products, in this case current accounts and savings, and and systematic risk management
conditional prepayment rate (CPR) models of loans, especially for motor vehicle process is necessary, which is the
loans and mortgage loans (KPR). Validation is carried out by internal parties who are responsibility of all parties in the
independent of the work unit that applies and develops the model or risk-taking unit. Bank so that the business continues
In the event of necessity, validation is carried out or equipped with the results of a and grows and always strives to
review conducted by external parties who have competence and technical expertise ensure that any current and future
in the development of risk measurement models. liquidity and funding needs can
be met both in normal market
conditions and crisis conditions.
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As a guideline in managing liquidity risk, the Bank sets out the basic concepts of risk management, as illustrated below:
GOVERNANCE: MANAGEMENT, COMMITTEE, POLICY, PROCEDURE
OPERATIONAL TOOLS CONTROL
Cash Management Early Warning Limit & Optimalisation
REGULATOR and Primary Indicator of Liquidity
PERSPECTIVE Reserve
Daily Liquidity Liquidity Ratios Stress Test
Operations
INTERNAL
PERSPECTIVE Secondary Reserve LCP & Recovery Plan
Liquidity Gap
Management (RCP)
INFRASTRUCTURE: DATA, TECHNOLOGY, HUMAN CAPITAL
Liquidity risk management is carried out by covering two On an ongoing and periodic basis, MLTCRM evaluates
perspectives: the regulator perspective and the internal and updates each liquidity risk management policy and
perspective. The regulator’s perspective applies the concept procedure, methodology, or measurement, as well as limit/
and standard liquidity parameters set by the regulator so threshold/trigger determination in liquidity management,
that the Bank is required to fulfil these provisions. While the which is always adjusted to the size and complexity of the
internal perspective is the concept of risk management along bank, the latest market risk management practices, and
with parameters that are set internally and adjusted to the related regulations.
complexity, risk appetite, and conditions of the Bank, which
are basically more conservative than those of the regulator Liquidity Risk Management Strategy:
perspective. In managing liquidity risk, the MLTCRM work unit is
responsible for implementing policies, methodologies
Liquidity risk management begins with outlining the for measuring, monitoring, and reporting on liquidity
governance structure and the roles and responsibilities risk exposures and also for monitoring compliance with
of all committees, risk-taking units such as Global Market guidelines to support the functions of the Assets and
(Treasury) and other units involved, risk management units, Liabilities Committee (ALCO) and Risk Management
compliance units, and internal audit units. Committee (RMC).
In regard to the risk management unit, MLTCRM performs Continuous measures have been taken to manage liquidity
the function of the Bank’s liquidity risk management risk. On the asset side, a policy on the purchase of financial
independently to support the functions and responsibilities instruments has been established, which also includes
of the Assets and Liabilities Committee (ALCO) and Risk criteria or types of assets that can be purchased, especially
Management Committee (RMC). highly liquid assets, both for trading and for investment.
Meanwhile, on the liabilities side, analysis of types, products,
sources of liabilities, and maturities is always carried out
consistently so that liquidity can be maintained at all times.
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The Bank’s liquidity management is carried out centrally Interbank Taking and FX Swap funding measures the Bank’s
by Global Markets and Corporate Treasury in collaboration dependence on interbank loans (wholesale borrowing) and
with other business/supporting units, such as credit foreign exchange swap markets, which are determined based
business, funding, operations, information technology, on loan capacity and swaps through the interbank money
corporate communications, and risk management. Thus, the market. OCF measures the maximum cumulative net cash
need/availability of funding arising from the Bank’s daily flow difference at certain time periods arising from balance
operational activities can be managed properly to maximise sheet and administrative accounts. The Bank determines
the Bank’s performance. Also, if work units work together OCF limits based on potential funding needs for a certain
well, liquidity risk caused by other risks (such as credit risk, period of time and the maximum funding capacity that can
market risk, operational risk, legal risk, compliance risk, be obtained from the interbank money market.
reputation risk, and strategic risk) can be found and dealt
with correctly and on time. The concentration of depositors (ratio of the 50 largest
depositors) is used to measure the extent of dependence on
Moreover, the Bank has also determined and implemented core depositors to ensure diversification of obligations. The
measurements of liquidity risk both quantitatively and ratio is calculated by comparing the total funding of the 50
qualitatively. Quantitative measurements are performed by largest depositors with total third-party funds.
means of liquidity restrictions provisions such as Liquidity
Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Secondary Reserve is defined as the ratio of the number
Operating Cash Flow (OCF), Interbank Taking, Foreign of secondary reserves to total third-party funds, including
Exchange (FX) swap funding, Secondary Reserve, 50 largest demand deposits, savings, time deposits, and Negotiable
depositors stress testing, liquidity gap, as well as other Certificate Deposit/NCD. The purpose of this ratio is to
liquidity ratios, which all aim to manage liquidity risk within ensure that the Bank has adequate liquidity in the event the
the established risk appetite. Whereas qualitative control Bank does not have sufficient funds to meet unexpected
is carried out through the establishment and testing of the liquidity needs stemming from the withdrawal of customer
emergency Liquidity Contingency Plan (LCP) and active funds.
liquidity management.
The Bank validates the model used in measuring liquidity
LCR is an assessment of short-term liquidity resilience by risk, which includes quantitative and qualitative aspects,
measuring the adequacy of High-Quality Liquid Assets by an independent internal party from the work unit that
(HQLA) in order to endure in a crisis scenario within 30 days. applies and develops the model or risk-taking unit. If
LCR is calculated by comparing HQLA and the total net cash necessary, validation is carried out or completed with the
outflow for the next 30 days. results of a review conducted by an external party who has
technical competence and expertise in developing a Risk
NSFR is an assessment of long-term resilience that assesses measurement model.
the availability of medium-term and long-term funds as
stable funding to support illiquid assets and sustainable In strengthening the implementation of liquidity risk
business activities. The NSFR is calculated by comparing management, the Bank has determined and regularly tested
Available Stable Funding (ASF) with Required Stable Funding the LCP to ensure the Bank readiness in dealing with liquidity
and Sustainable (RSF). crises, including overseeing various Early Warning Indicators
(EWIs) conducted on a daily basis.
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In general, the process is described in the following diagram:
No
Analysis by MLTCRM Potentially
1 Monitoring Internal EW1 2 and related units 3 Crisis?
Yes
No
Potential to Alert ALCO and/or
6 Worsen? 5 Analysis 4 Task Force?
Yes
Report to ALCO Yes Execute Call Tree to
7 Chairman & the initial 8 Activate LCP 9 gather FCC & FCC
strategy (preliminary) Support
No
No
14 LCP Deactivate 10 Mengelola Krisis
Yes
Liquidity condition
13 improved?
Post Deactivation
15 Evaluation RCP Indicator
11 Triggered?
No
Yes
END Recovery Plan or RCP
12 Policy
Active liquidity management is carried out to ensure that the Bank has adequate liquidity, both in normal and crisis conditions, such
as conducting intra-day liquidity management, maintaining relationships with counterparties and ensuring Bank capacity and access
to markets, maintaining high quality liquid assets (High Quality Liquid Assets/HQLA), supervising administrative account activities,
maintaining varied and stable funding sources (core deposits), ensuring compliance with regulators, and monitoring e-channel
activities.
Moreover, several other strategic measures have been taken to mitigate liquidity risk and funding, including restructuring the source
and term of funding through the issuance of bonds and subordinated bonds.
Apart from ensuring the Bank’s liquidity resilience, liquidity management is also carried out in line with the Bank’s business plan
with the purpose of achieving profitability levels based on the predetermined targets. Excessive liquidity levels will cause the
Bank to bear greater liquidity costs and may reduce profits, and conversely, tight liquidity levels may cause the Bank to be unable
to fulfil its agreed financial obligations in a timely manner and/or fulfil these obligations at a higher cost. For this reason, the
Bank determines targets or ranges for certain liquidity ratios, such as LCR and NSFR, internally with optimal levels that meet the
minimum requirements of the regulator and conducts regular analysis of liquidity conditions and profitability.
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d) Operational Risk On an ongoing basis, the Bank
Definition: continues to make efforts to
Operational risk is the potential for loss due to insufficiency or failure of internal strengthen and improve operational
processes, people, and systems, or caused by external factors. The Bank has control processes, especially in the
implemented the management of operational risk, such as procedures that can context of mitigating operational
systematically identify the causes of failure in the day-to-day operations of an risks, including by continuing
organisation, assess the risk of losses, and take appropriate actions to minimise the to improve the quality and
possibility of such losses. completeness of work policies and
procedures in the field with adequate
process flow and control, organising
training for Bank personnel
Risk
Strategy
through classroom training and
e-learning to continuously improve
Governance staff understanding and ability in
Model managing operational risk, as well
as optimising the implementation
Reporting of operational risk work tools in
their respective work areas. As part
Definitions Linkage &
Loss Risk Assessment of operational risk management,
Structures
Data
Business Continuity Management
BUILDING BLOCKS
Key Risk Indications Capital Modeling
has also been prepared and reviewed
Mitigations
continuously to build the resilience
and capability of the Bank in terms
Information Technology of operational recovery in the event
of a disruption in critical functions
in accordance with predetermined
Program Peningkatan Kesadaran dan Pembelajaran yang Terstruktur
tolerance limits so that it can still
provide appropriate services to
Structured Awareness & Learning customers. Crisis management
simulations and their recovery
Risk Mitigation Strategy: are carried out periodically to test
In running a financial business, the Bank is required to have effective operational the Bank’s readiness in handling
risk management. Banking is required to continue to grow, but on the other hand, possible crises and provide input to
current various challenges are increasingly complex, such as the increasingly improve the effectiveness of their
fierce competition in the industry, advances in science and technology, changes in implementation. Periodically, the
regulations and best practices at the national and international levels, protection of Bank conducts BCP training in the
shareholder interests, and, of course, various operational loss events that occur in form of disaster/incident handling
the banking industry both in Indonesia and in the world. simulations carried out with various
incident/disaster scenarios. BCP
In response to current challenges and operational risks that may arise, the Bank, training is conducted by each
while taking into account the vision and growth of the business, has developed and Critical Business Function (CBF)
implemented an Operational Risk Management Policy supported by adequate and both at the Head Office and at CBF
consistent procedures. The Bank also implements Operational Risk Management Branch Offices. The Bank has also
tools based on an integrated Information Technology (IT) system to enable implemented a BCM System within
effective and efficient identification, documentation, monitoring, and mitigation of the GRC (Governance, Risk, and
operational risks. Compliance) system, which assists
the Bank in crisis management. In
In addition to the external factors above, changes in human behaviour, organisational addition, the Bank has reviewed and
structures, processes, and systems can be a factor in escalating the nature and level updated the Business Continuity
of operational risk. This makes continuous assessment, active roles and inter-unit Management (BCM) procedures,
collaboration, and monitoring risks and effectiveness of dynamic internal controls which include the addition of
very crucial in running effective risk management. To support this, the Bank has Incident Escalation Procedures and
implemented a GRC (Governance, Risk, and Compliance) system that assists the provisions for the use of the BCM
Bank in managing operational risks and ensuring compliance with applicable System.
regulations.
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The Bank also continuously strives to strengthen the control New Product Management
process in mitigating cyber risk by: Every new product and product development resulting in
1. Preparing human capital, technology and measures or the increasing operational risk exposure will be discussed
control procedures needed for effective mitigation which in the Product Working Group (PWG) which consists of
include: representatives from various work units such as Compliance,
- Providing Cyber Risk Management Policies, including Risk Management, Legal, Finance & Accounting, etc., who
policies, strategies, and procedures to mitigate Cyber together with the work unit that issued the new product
Risk in accordance with technology standards based assess the risks that may arise and prepare mitigation
on the best practices, formulate the provisions of measures to be submitted to and approved by the Risk
security that must be met by third parties, third Management Committee.
parties will conform to the Cyber Risk Assessment, as
well as the cooperation agreement on the security of In order to comply with regulatory requirements, the bank
Bank’s confidential data. updated its product launch procedures to be more detailed
- Establishing a team responsible for handling cyber and comprehensive.
threats and ensuring that there is a training program
so that employee skills are adequate to carry out In addition to the Product Working Group (PWG), the
cyber risk management. Bank has also made adjustments and improvements to the
- Organising periodic training and awareness on approval process for new products or services under the
cyber security assessments at least once a year to M25+ initiative. This is to support the Bank’s vision, mission,
employees. The training subjects on Awareness and strategy in promoting agile working principles and
include the latest cyber risks should be avoided. strengthening collaboration among work units, as well as
Meanwhile, awareness program for customers is clarifying the RACI (Responsible, Accountable, Consulted,
educative information as can be found on webpage and Informed) framework for establishing the tasks and
maybank.co.id containing subjects related to data responsibilities of each related work unit.
and transaction security through e-banking as well as
an explanation about the electronic banking frauds Anti Fraud & Whistleblowing:
that frequently happen. As part of efforts to protect customers and other
- Conducting cyber risk assessment, vulnerability stakeholders, the Bank has established the Anti-Fraud Unit
assessment, security risk assessment on a regular as a unit that carries out the function of implementing
basis to ensure the adequacy and effectiveness of the anti fraud strategies. The Bank applies the Zero Tolerance
Cyber Risk management in MBI. principle to fraud, where it is very clear that the organisation
- Conducting threat intelligence program by does not tolerate fraud and will implement stringent penalty.
continuous monitoring of hacking and malware
activities that befall globally and to subvert cyber In addition, the campaign on anti-fraud and various trainings
security threats and vulnerabilities from trusted are constantly carried out to bolster the Bank’s employee
external sources. vigilance on any possible fraud. The Bank has also established
- Monitoring the sources of cyber threats and devise a Whistleblowing Governance Committee (WBGC), whose
countermeasures. task is to review and assess the adequacy of policies and
- Conducting regular security assessments such as procedures related to whistleblowing, evaluate follow-up on
penetration testing and vulnerability assessment whistleblowing reports and review whistleblowing indicators.
either on infrastructure or application.
- Conducting a phishing e-mail simulation to raise The application of Anti-Fraud Strategy and the
awareness of cyber risks and determine employees’ implementation of the Whistleblowing policy jointly will
level of understanding of phishing e-mails. support the Bank’s overall risk management system to
2. The Bank also provides a comprehensive Disaster ultimately assist in the achievement of organisational
Recovery Plan (DRP) and Business Continuity Plan (BCP) goals and protect the interests of customers and other
against cyber risk. stakeholders.
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e) Reputation Risk f) Legal Risk
Definition: Definition:
Reputation risk is the risk associated with a decrease in the Legal risk is the potential of lawsuits and/or weaknesses
level of stakeholders trust arising from negative perceptions in juridical aspects. The weakness of the juridical aspect is
of the Bank. This risk arises when the Bank’s reputation is caused, among other factors, by the absence of supporting
affected by one or more events that have a negative impact legislation or weaknesses in the engagement, such as the
on the Bank’s reputation arising from negative publicity failure to fulfil the legal requirements for contracts and
regarding the Bank’s business activities, which can reduce flawed document construction.
public confidence in the Bank.
Legal risks can also arise from changes in the applicable
Risk Mitigation Strategy: legal and statutory provisions, as well as the implementation
Reputation risk is maintained by managing all risks that of court decisions that can cause losses to the Bank. As
have the potential to affect the Bank’s reputation through a company that is bound by the legal jurisdiction of the
good corporate governance and an effective reputation risk Republic of Indonesia, the Bank must always comply with
management process. all Indonesian legal regulations, including those issued
by relevant regulators, including the Financial Services
Reputation risk management is carried out by the Bank, Authority and Bank Indonesia.
among others, through the following steps:
1) Actively monitoring news in the mass media (print, In addition, the Bank must also follow all applicable laws and
online, television and radio newspapers) related to the regulations in the community, both those that are directly
Bank and the financial industry such as information on and indirectly related to the Bank’s business activities. Failure
the Bank’s activities and the banking industry including of the Bank to comply with applicable legal regulations
market developments, regulations, products/services, can result in lawsuits directed to the Bank. If lawsuits filed
etc., which may affect the perception of the public and against the Bank have a material value, they could have a
the Bank’s customers; direct impact on the Bank’s financial performance.
2) Preparing a written response to the media, if there is
negative coverage of the Bank, as an effort to balance or Risk Mitigation Strategy:
neutralise negative coverage through facts owned and/or To mitigate legal risks that might arise due to lawsuits or
known by the Bank; juridical weaknesses, the Bank established a Corporate Legal
3) Delivering information through press releases as & Litigation work unit. The Corporate Legal & Litigation unit
fact-based reporting material in the mass media and has the following roles:
not limited to social and digital media containing
education to the public regarding a product, program Corporate Legal
and/or service of the Bank. This is an effort to provide 1) Provide analysis, legal advice/studies to the Board of
understanding, create information transparency and Directors, Board of Commissioners, and all work units at
minimise misunderstandings; every level of the organisation;
4) Periodically, the Corporate & Brand Communications 2) Conduct legal analysis/advice on the initiatives for the
Unit provides the latest information on the Bank’s development of products, services, and activities of the
products and services to the mass media to increase Bank, new projects, and make policies and standard
awareness, brand and corporate image of the Bank; legal documents related to those products, services, and
5) Related to customer complaints that enter through news activities;
in the mass media against a product, program or service 3) Provide legal advice/studies related to legal risk exposure
of the Bank, followed up by the Customer Experience on a transaction at the corporate level, credit/financing
Management Unit in accordance with the specified transactions, as well as transactions arising from
deadline (SLA). Furthermore, the Corporate & Brand cooperation agreements with Debtors/Customers or
Communications Unit will assist in providing written partners;
responses to the media that reported the customer
complaint according to the handling carried out by the
Customer Experience Management Unit;
6) Preparing a monthly report of news coverage on the
Bank (both positive and negative), as a form of analysis
and to measure the Bank’s reputation risk mitigation
performance. In addition, news data is also used as a
reputation risk report to the regulators in Indonesia and
for the interest of Maybank Group.
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4) Conduct periodic reviews of agreements and/or standard g) Compliance Risk
documents that have been created; Definition:
5) Analyse and monitor legal risk management; Compliance risk is the risk due to the Bank does not comply
6) Periodically provide training related to legal materials to with and/or does not implement applicable laws and
relevant work units and/or Bank employees; regulations as well as provisions.
7) Disseminate legal policies.
Risk Mitigation Strategy:
Litigation The Compliance Work Unit continuously monitors and
1. Develop strategies for handling civil, criminal, identifies new regulations/regulatory changes and
bankruptcy cases, and other matters related to case communicates them to the Work Units. The Compliance
management, ensuring that the interests of the Bank, Work Unit conducts a Compliance Plan Self Assessment
management, and employees are legally protected; (CPSA) once in a year to measure the compliance level of all
2. Represent and act as the defender, advisor, and/or legal Branch Office Work Units, as well as performing compliance
counsel for the company, management, and employees of testing at Branch Offices/Work Units.
the Bank in assisting interactions with law enforcement,
courts, and/or relevant agencies; As part of the implementation of the Anti-Money Laundering
3. Provide/create legal studies related to the and Counter-Terrorism Financing, and Proliferation Financing
implementation or formulation of policies, products, of Weapons of Mass Destruction (AML, CTF, and PF), the
services, and activities of the Bank; Financial Crime and Compliance (FCC) Work Unit has been
4. Coordinate with legal consultants, authorities, or law established to manage the risks of money laundering,
enforcement agencies at the central, regional, and terrorism financing, and proliferation financing of weapons
branch levels concerning the handling and resolution of of mass destruction, as well as sanctions, through five
cases. pillars of the AML, CTF, and PF program implementation:
Active Oversight by the Board of Directors and Board of
With the existence of the Corporate Legal & Litigation work Commissioners, Policies and Procedures, Internal Controls,
unit, legal policies and legal document standards related Management Information Systems, and Human Capital and
to banking products or facilities offered by the Bank to the Training. In addition to the AML, CTF, and PF programs, the
public, where the legal policies and legal document standards Bank, through the FCC Work Unit, has also implemented
are made by referring to the provisions of applicable laws and an anti-bribery and anti-corruption program to protect
regulations as well as taking into account the interests of the customers and other stakeholders, continuously raising
juridical aspects of the Bank. employee awareness in mitigating bribery and corruption
risks in accordance with applicable policies and procedures.
In addition, one of the functions of the Corporate Legal &
Litigation work unit is to handle any legal issues related to h) Strategic Risk
litigation so that legal risks that may arise can be minimised Definition:
to a minimum. Legal risk management is carried out by Strategic risk is the risk resulting from making inappropriate
monitoring the development of legal cases that occur and strategic decisions, failure to anticipate changes in the
taking lessons learnt from these cases. The handling of legal business environment, inability to implement a strategic
cases carried out at the Bank always takes into account the decision, or a combination of these. This risk also includes
potential losses for both amicable settlement of cases or the Bank’s ability to create a competitive advantage in the
through court channels. The Bank also pays special attention midst of increasingly intense banking competition. Inability
to legal cases that have the potential to cause significant to face these business challenges, which continue to change
losses. from time to time, will result in failure to achieve the vision
that has been determined.
Risk Mitigation Strategy:
The Bank formulates risk mitigation for strategic
initiatives and service development plans by considering
competitiveness and competitive advantage factors,
market conditions, regulations, and business environment.
The Bank’s strategic programs are run with oversight and
governance to facilitate acceleration, risk mitigation and
escalation needs and directive in strategic decision-making.
The Bank also continues to evaluate the long-term strategic
plan that has been prepared by observing current market
developments and conditions, and the current performance
of the Bank. The Bank actively conducts visits to customers
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to get insights into customers’ banking and transactional 3. Growing regionally as 1-Maybank
needs so it can serve as a strategic partner that provides The Bank strengthened Maybank’s position outside
solutions for every one of the customer needs. Malaysia, with increased collaboration between entities
in Indonesia, including MAM, MSID and Etiqa.
To support the achievement of business goals and long- • MSID launched a trade platform (Trade ID) to expand
term objectives, the Bank has conducted various strategic service offerings and increase the number of RDN
initiatives during 2024 in accordance with the 5 Strategic accounts.
Thrusts, namely: • Launched Maybank Asset Management products,
1. Increasing customer focus including sukuk funds and index funds, and enhanced
The Bank has provided personalised and customised cross-selling to the MBI customer base through
solutions to meet the evolving needs and preferences of branch events, meetings, and digital marketing.
our diverse client base • Deepened relationships with customers by
• Achieve regional growth by leveraging cross- participating in one of the largest automotive events
regional collaboration, deepening relationships in Indonesia.
with corporate clients, and increasing market share • Ongoing collaboration with the Maybank Group
through strategic account planning. was also conducted for cross-border loans in several
• In non-retail CFS, the Bank has established companies operating in selected industries.
partnerships to launch a digital loan channeling 4. Driving Leadership in Sustainability Agenda
initiative in line with the ecosystem partnership With a commitment to drive the sustainability agenda,
strategy. This initiative enhances the Bank’s ability the Bank has set a new standard in responsible banking
to reach new markets and expand the solutions and making positive contributions to the environment
offered to the MSME segment in the future. and society.
Additionally, the Bank has introduced two web-based • The Bank has launched high-impact sustainability
solutions designed to deepen relationships with initiatives for the environment, such as providing
MSME business actors by providing easier access sustainability loans.
to banking loan facilities and improving access to • Integrated a global banking ESG roadmap to support
comprehensive digital banking services. customers’ transition to sustainable practices.
• In retail CFS, the Bank has implemented a branch • Set up a sustainability council to strengthen and
transformation initiative aimed at enhancing the formulate better sustainability strategies.
productivity of the service and sales teams in • Received a gold award from the “Corporate
selected branches. This is expected to improve Transparency and Emissions Reduction Award 2024”
service quality and customer loyalty. as recognition for efforts to reduce carbon emissions.
2. Accelerate Digitalisation and Technology 5. Achieving Global Leadership in Islamic Banking
Modernisation In pursuit of its aspiration to become a leader in Islamic
The Bank has continued feature development on digital banking, the Bank has developed and offered innovative
banking and technology innovation, and upgraded our financial solutions that comply with Shariah principles.
digital platforms and infrastructure to provide secure, • The Bank has established strategic partnerships to
efficient, and user-friendly services. acquire NTB, as well as funding and financing for
• The Bank successfully launched a gold savings Hajj.
product on M2U, a digital credit card feature, and a • Strengthened the halal ecosystem through
virtual account digital partnership. partnership agreements with leading Islamic
• Accelerated process automation and efficiency organisations.
through the Smart Credit Process 1 (SCP1), as well as
implement a new interactive voice response (IVR)
verification flow in the contact center to handle
customer requests.
• Modernised core banking and IT infrastructure to
strengthen cybersecurity.
• Enhanced branch productivity through concierge
services, product guide cards, sales rhythm, and sales
personnel.
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i) Rate of Return Risk In its efforts to mitigate the risk due to losses in the profit-
Rate of Return Risk is the risk due to changes in the rate of sharing financing provided to customers, the Bank in
return paid by the Bank to customers due to changes in the managing its business profit sharing can perform At tanazul
level of returns received by the Bank from channelling funds, ‘an al haq on the revenue of its part if the Realisation of
which can affect the behaviour of the Bank’s third-party fund Profit Sharing exceeds the Revenue Sharing level offered/
customers. the Banks’s expected level of the profit sharing. The Bank’s
right for the released profit sharing is given to the Customer
Changes in expectations of the level of returns paid by as an incentive for the Customer that has contribute a rate
Shariah Banks to customers can affect the behaviour of of return that matches/exceeds the Bank’s expectation
the Bank’s third-party fund customers and can trigger the by considering the ratio of Profit-Sharing Realisation to
transfer of customer funds from the Bank to other banks. Profit Sharing Projection above 80% accumulated since the
distribution of profit-sharing financing is given to customer.
Changes in expectations can be caused by internal factors
such as a decrease in the value of the Bank’s assets and/or Risk Management in Subsidiaries
external factors such as an increase in the return offered by The Bank has two subsidiaries that are engaged in financing four-
other banks. wheeled vehicles (PT Maybank Indonesia Finance) and financing
two-wheeled vehicles (PT Wahana Ottomitra Multiartha Tbk).
Rate of Return Risk Mitigation Strategy
MBI UUS always maintains the rate of return risk by The application of Risk Management in its subsidiaries has been
competitively managing the rate of return level paid to in place since the Company’s inception and continues to be
customers against other Shariah banks, which is to manage refined along with business expansion. The application of Risk
MBI UUS cash revenue through the income smoothing Management is based on the directives of the Board of Directors
method where if profit sharing has decreased at the end of under the supervision of the Board of Commissioners and the
the month, then funds are added from the income reserve Bank as the holding company. This aims to ensure effective
(in accordance with the Fatwa DSN-MUI No. 87/DSN-MUI/ and adequate accomplishments as well as compliance with the
XII/2021 concerning the Income Smoothing Method of Third- Company’s traits, complexity, and risk profile.
Party Funds).
To ensure that the implementation and supervision of Risk
j) Investment Risk Management are conducted in a sustainable manner, there are
Investment Risk (Equity Investment Risk) is the risk due to several steps undertaken by the subsidiaries, such as:
the Bank’s share in the loss of customers’ businesses financed 1. Active supervision by the Boards of Commissioners and
in profit-sharing-based financing using both the net revenue Board of Directors.
sharing method and the profit and loss sharing method. 2. Establishment of Risk Management Divisions.
3. Determination and continuous development of clear and
In the case of Shariah financing using the net profit and comprehensive risk management policies and procedures.
loss sharing method, the principal amount of financing 4. Strict supervision so that identification, measurement,
provided by the Bank to customers will not be recovered if monitoring and risk control are carried out continuously in
the customer’s business goes bankrupt. Meanwhile, financing accordance with business growth.
uses the net revenue sharing method; the profit sharing is 5. Creating and developing a risk management information
calculated from the income after deducting the capital. system.
6. Conducting a comprehensive internal control system.
Investment Risk Mitigation Strategy:
In general, to manage the 10 types of risk in Shariah banking Comprehensive, integrated and effective implementation of risk
(BUS/UUS) mentioned above, the Bank continuously management by subsidiaries has the aim to:
improves, updates and periodically enhances the policies, 1. Support business implementation in accordance with the
procedures and implementation of risk management to Company’s targets and objectives.
ensure the conformity with the development of the Bank’s 2. Assisting the managements by providing information that
business and change in the business environment as well as can be used to make informed, risk-based decisions.
compliance with the applicable regulations. 3. Assisting in determining adequate reserves to anticipate
measurable risk.
MBI UUS applies the net profit & loss sharing method in the 4. Avoiding potential sizeable losses.
Bank’s profit-sharing scheme, where all the Bank’s revenue, 5. Identifying and maximising the existing business
both operating and non-operating income, is used in the opportunities.
profit-sharing calculation.
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The Bank also encourages business synergy and Risk Other Risks
Management alignment in order to refine and strengthen the Apart from these two risks, the subsidiaries are also exposed to
implementation of risk management within its subsidiaries by other risks such as: Strategic Risk, Market Risk, Liquidity Risk,
implementing the following: Compliance Risk, Reputation Risk, and Legal Risk. All these
• Implementation of Risk-Based Pricing and improvement in inherent risks are managed by the subsidiary’s management
operational risk monitoring. with the support of the Bank’s risk management unit to ensure
• Development of a Scorecard model for subsidiaries. alignment with the Bank and Regulators.
• Policy Alignment from the credit process and Risk Appetite
so that all subsidiaries have an integrated credit policy with Risk Culture Campaign
the parent company and the Maybank Group as a whole. The risk management process will be optimal if each individual
• Automation Data Connection from Maybank Finance in order in the organisation enthusiastically participates in identifying,
to improve the quality of risk analysis for subsidiaries. managing, and monitoring risks consistently.
• Continuously carrying out the Zero Fraud Tolerance
Campaign and Enterprise Risk Management implementation. Therefore, the Bank carries out various comprehensive programs
to strengthen the Risk Culture within the Bank’s organisation
In carrying out daily business activities, the Bank’s subsidiaries by establishing the key values: “ACTION” (Alert, Committed,
are also confronted with several risks such as: Transparent, Integrity, Objective, & Noble); and “AWARE &
CARE”, ,” namely be AWARE of the risks of every action, as well
Credit Risk as being CARE or having concern and always trying to carry
Credit risk arises when customers financed by a subsidiary out mitigation of these risks to protect the bank from potential
experience difficulty in conducting payments according to the losses that could occur. The Bank also has a motto, “Risk is
agreed-upon payment schedule. Everybody’s Responsibility,” which means that risk management
is a collective effort of all work units and all Bank personnel.
The success in managing credit risk can be achieved by
implementing a credit cycle, ranging from offering appropriate The risk culture campaign program is carried out by utilising a
products, identifying the right target market, establishing variety of media, such as videos, posters, web portals, e-mails,
meticulous risk acceptance criteria, authorising strong controls newsletters, internal Bank articles, and desktop wallpapers, as
in credit initiation and credit approval, maintaining a healthy well as training at the head office and branch offices. To better
loan portfolio, and implementing an appropriate billing and understand operational risk, employees can learn through
recovery system. MADAM ORIS (Let’s Explore Operational Risk), which is sent
via e-mail to improve employee understanding of Operational
In addition to the credit cycle procedures mentioned above, Risk Management. The Bank also organises a number of award
subsidiaries must instill the importance of discipline in programs related to risk culture, namely, “SuperBanker Story,”
monitoring and evaluating the performance and quality of which gives appreciation to employees who have implemented
portfolios. Portfolio performance is monitored prudently by operational risk management well in their area.
means of leading, coincident, and lagging indicators that enable
subsidiaries to identify risks early and take appropriate and The rapid development of information followed by rampant
timely measures. misuse of data has led the Bank intensify awareness of
information security, both electronic and non-electronic
Operational Risk information. To support this matter, the Bank has updated the
Operational risk is the risk of loss due to insufficiency or failure Information Risk Management Procedure as an information
of internal processes, humans, and systems or caused by external security standard and one of the paramount assets for the Bank.
factors. Operational Risk Management is a discipline that can The Bank likewise applies several programs to disseminate
systematically identify the causes of failure in the day-to-day information on risk management in the form of posters, e-mail
operational activities of an organisation, assess the risk of losses, publications, e-learning, and “Premises Sweep” by conducting
and take appropriate actions to minimise the impact of these workspace inspections to ensure the safekeeping of Bank
losses. confidential information.
The subsidiaries apply operational risk management by
complying with Operational Risk Policies and Procedures as
determined and implemented at the Head Office, while still
adhering to the regulatory provisions. The Head Office likewise
has a role in monitoring the implementation of risk management
in subsidiaries.
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Human Capital & IT Risk Profile
Infrastructure In accordance with the provisions contained within the Financial Services Authority
Human Capital (HC) availability in Circular Letter (SEOJK) No. 34/SEOJK.03/2016 and the Financial Services Authority
professional risk management and Regulation (POJK) No. 18/POJK.03/2016 concerning Implementation of Risk
the latest and adequate information Management for Commercial Banks and Regulation of the Financial Services Authority
technology infrastructure are two (POJK) No. 38/POJK.03/2017 concerning the Implementation of Consolidated Risk
important factors that also measure the Management for Banks Conducting Control of Subsidiaries, the Bank prepares the risk
success of the functions and duties of the profile assessment to be reported to the regulator every quarter.
Risk Management Unit.
Individual Bank Risk Profile as of 31 December 2024 (self-assessment)
One of the emerging risks that Assessment as of 31 Dec 2024
has become a serious concern of Risk Profile Risk Level
management is the increasing risk of Inherent Risk KPMR
Rating
cybercrime, which is closely related to
the increasingly widespread use of the Credit Risk 3 2 2
internet and provides opportunities for Market Risk 2 2 2
perpetrators to commit cybercrimes
Liquidity Risk 2 2 2
as well as technological advances that
continue to grow in meeting market Operational Risk 2 2 2
needs that almost every activity requires Legal Risk 1 2 1
Information technology support. Reputation Risk 1 2 1
Strategic Risk 2 2 2
Specifically in dealing with cybercrime,
IT management has established Compliance Risk 2 2 2
security technology systems to be Composite Risk 2 2 2
able to identify, prevent, and monitor
the risk of cybercrime. In addition, the Internal Capital Adequacy Assessment Process (ICAAP)
management forewarns all stakeholders, As a guideline for the implementation of ICAAP, the Bank has an ICAAP policy that is
both employees and customers, on the aligned with the Financial Services Authority Regulation (POJK) regarding the Minimum
threat of cybercrime on an ongoing basis. Capital Adequacy Requirement (CAR) of Commercial Banks and Maybank Group
The Bank has conducted socialisation on provisions. The alignment is intended so that the internal ICAAP policy is in accordance
these threats via e-mail publications and with the latest regulations so that all risks can be identified, measured and reported.
e-learning, increasing awareness of cyber Reporting of Commercial Bank Minimum Capital Adequacy according to Risk Profile is
attacks, including ways to prevent and reported on a semesterly basis to the Financial Services Authority (OJK). Meanwhile, the
deal with cyber attacks, to all employees. ICAAP reporting to Maybank Group is reported quarterly.
In addition, the Bank also carried out
several initiatives such as:
Capital
• Periodic e-mail phishing exercise D-SIB
simulation
• Adding alerts to every e-mail Countercyclical
Capital Buffer
received from external parties
Capital Conservation
In mitigating cyber risk, IT management Buffer
Regulatory
works closely with third parties that PILLAR 2 Capital
provide cyber attack prevention system RWA Requirement
services. In addition, the Bank also
conducts Cyber Risk Assessment on CAR Based on
PILLAR 1 Risk Profile
outsourcing service providers that handle
RWA
high-risk Bank data, updates Data Loss
Prevention governance, and conducts
and reviews penetration and vulnerability
assessment results regularly. In addition,
the Bank has obtained international-
based Information Security Management
certification, namely ISO 27001 in 2023.
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In line with the provisions of Maybank Group, the Bank The obligation to establish Capital Surcharge for Domestic
has an ICAAP Procedure that explains the technical ICAAP Systematically Important Bank (D-SIB) refers to the Financial
mechanism. In terms of updating material risks that are carried Services Authority Regulation number 2/POJK.03/2018 regarding
out periodically (if needed), the Bank conducts a Material Risk Systemic Bank Determination and Capital Surcharge.
Assessment Process (MRAP) survey to identify material risks that
will be taken into account in the ICAAP calculation. The Financial Services Authority determines Systemic Banks
and Capital Surcharges based on Financial Services Authority
In conjunction with the ICAAP process and in line with Regulation No. 2/POJK.03/2018 concerning Determination
the recommendations of the Basel Committee on Banking of Systemic Banks and Capital Surcharges. In determining a
Supervision (BCBS), throughout 2024, the Bank has conducted a Systemic Bank, indicators such as Bank size, linkages with the
number of Stress Tests aimed at measuring the Bank’s resilience financial system, and the complexity of the Bank’s business
under various stress scenario conditions. activities are used. Banks designated as Systemic Banks are
required to establish a Capital Surcharge. The Financial Services
In 2024, scenarios that have been used in bankwide stress tests Authority determines Capital Surcharge in 5 buckets, and the
include: amount of Capital Surcharge in each bucket is determined: 1.0%
• Ad-hoc stress test (sensitivity analysis), (bucket 1); 1.5% (buckets 2); 2.0% (buckets 3); 2.5% (bucket 4);
• Bottom Up Stress Test OJK, and and 3.5% (bucket 5) of Risk Weighted Assets (RWA). Capital
• Group Stress Test 31 and 32. Surcharge must be met by using primary core capital (Common
Equity Tier 1–CET1).
Basel III Implementation
In conjunction with the implementation of Basel III, which In the event that the Bank has a systemic importance score that
took effect on January 1, 2016, the Financial Services Authority cannot be classified in the 1 (One) to 4 (four) bucket groups, the
(OJK) has issued provisions concerning the Minimum Capital OJK stipulates:
Adequacy for Commercial Banks (Financial Services Authority a. Grouping the Systemic Banks into group (bucket) 5 (five)
Regulation number 11/POJK.03/2016), where banks are required b. Forming 1 (one) group (bucket) above group (bucket) 5 (five)
to form additional capital as a buffer. The additional capital
mentioned above is in the form of (i) Capital Conservation Buffer, The OJK has informed that Bank Maybank Indonesia is
(ii) Countercyclical Buffer; and/or (iii) Capital Surcharge for designated as a Systematically Important Bank (SIB) in Bucket 1.
Systemically Important Bank (SIB).
The obligation to establish a Capital Surcharge for D-SIB applies
The obligation to form a Capital Conservation Buffer applies to to the Banks that are determined to have a systemic impact. The
Banks classified as Commercial Bank Business Activities (BUKU) determination of a Bank with systemic impact is carried out by
3 and BUKU 4. BUKU grouping refers to the Financial Services the competent regulator where the amount may be greater than
Authority Regulation number 6/POJK.03/2016 concerning the range stipulated in this provision.
“Business Activities and Office Network Based on Bank Tier 1
Capital.” In accordance with POJK 12/POJK.03/2021 concerning With regards to Basel III liquidity, the OJK has also issued the
Commercial Banks, the grouping of Banks based on Tier 1 Capital provisions relating to the Obligation to Fulfil Liquidity Coverage
(KBMI), Maybank Indonesia falls into the KBMI 3 category where Ratio for Commercial Banks through POJK No. 42/POJK.03/2015
the core capital (Tier 1) currently owned is in the range of Rp14 and also POJK No. 50/POJK.03/2017 concerning the Obligation
trillion to Rp70 trillion. to Fulfil the Ratio Net Stable Funding Ratio for Commercial
Banks. In accordance with the POJK provisions, the Bank is
On 28 December 2015, Bank Indonesia also issued PBI Number required to maintain adequate liquidity and stable funding
17/22/PBI/2015 concerning the Obligation to Establish a through measurement ratios, namely LCR and NSFR, and report
Countercyclical Buffer, where the amount of the Countercyclical these ratios to the regulators in accordance with the provisions
Buffer is set in the range of at least 0% - 2.5% of RWA. The of POJK.
obligation to establish a Countercyclical Buffer in accordance
with the latest announcement of macroprudential instruments
on the Bank Indonesia website dated 19 November 2020 is 0%.
The amount of the Countercyclical Buffer will be evaluated at
least once every six months to determine whether adjustments
to the buffer are required.
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In an effort to fulfil Basel III liquidity The Recovery Plan is designed to identify credible options in order to recover from
obligations, the Bank has implemented a crisis that has bearing on financial strength, liquidity position, capital position,
the Liquidity Coverage Ratio (LCR) operational capability and reputation should the Bank encounters a crisis. This Recovery
reporting system so that the LCR Plan aims to ascertain the following matters:
calculation and reporting procedure, both a) Reviewing and documenting the credible and specific recovery options that will be
individually and consolidated, can be available to Maybank Indonesia to deal with various crisis situations;
carried out automatically on a daily basis. b) Recovery options that can be rapidly and effectively deployed; and
c) Providing required business, organisational and structural information and analysis,
for regulators and key stakeholders.
The Bank has implemented the system
and reported Credit Risk RWA using The Recovery Plan presents an overview of financial-related crises, ranging from mild
the Standardised approach based on to severe, includes coordinating current crisis management plans, such as the Liquidity
the Basel III effective January 2023 Contingency Plan (LCP) and the Capital Contingency Plan (CCP) which focus on mild and
position reported in February 2023 severe stress levels, while the Recovery Plan focuses on extreme stress levels.
reporting. Meanwhile, the calculation
of Operational Risk RWA using the In the Recovery Plan, there are several trigger indicators and recovery rates in severe
Standardised approach based on Basel III crisis conditions, where potential risks are actively monitored to facilitate recovery plans.
Reforms in accordance with SEOJK No. 6/ Recovery Plan indicators such as Capital Adequacy Ratio (CAR) & CET 1 ratio for capital,
SEOJK 03/2020 began to be applied for Minimum Primary Reserve in Rupiah Liquidity Coverage Ratio (LCR), Net Stable Funding
the calculation of the December 2022 Ratio (NSFR) for liquidity, Return on Assets (ROA), Return on Equity (ROE), Operating
position reported in January 2023. Expenses on Operating Income (BOPO) for profitability, while for assets quality the
indicators are Gross Non-Performing Loan (NPL) & Net Non-Performing Loan (NPL).
Regarding the Minimum Capital Low-Quality Credit (LQC) and the Allowance for Impairment Loss Ratio (AILR)/Low-
Requirement for Commercial Banks, Quality Credit (LQC).
the Bank, as a member of the Central
Counterparty Institution, has considered The preparation of the Recovery Plan was carried out by both Bank Maybank Indonesia
and reported the capital calculation and Maybank Group as Controlling Shareholder.
for the Bank’s exposure to the Central
Business as Recovery Resolution
Counterparty Institution in accordance Usual Phase Phase
with SEOJK No. 16/SEOJK.03/2023 in the
Stress event
report for the period of September 2024. Stress events (market or idiosyncratic) cause a
decline in the financial position of the Bank
Recovery Plan
Maybank Indonesia is one of the leading
private banks in Indonesia and is part of
the Malayan Banking Berhad (Maybank)
group, one of the largest financial service
providers in ASEAN. POJK Number 5
of 2024 concerning the Determination
of Supervisory Status and Handling of
Issues in Commercial Banks, regulates.
that Maybank Indonesia shall is required
to prepare and submit a Recovery Plan to
the OJK. BAU
activity
Recovery Actions
Bank remains in control
Resolution Actions
Resolution authority in control
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Maybank Indonesia Integrated Financial Conglomeration
The Bank has actively carried out the integrated risk-based supervisory function on the Financial Conglomerate, as the regulator has
stipulated in the Financial Services Authority Regulation (POJK) No. 17/POJK.03/2014 concerning the Implementation of Integrated Risk
Management for Financial Conglomerates.
Structure of Maybank Financial Institution Ownership in Indonesia
Shareholder Composition of Financial Conglomerate December 2024
Amanah Raya Trustees Citigroup Nominees (Tempatan)
Permodalan Nasional Investor Institusi &
Berhad (B/O: Amanah Sdn Bhd (B/O: Employees
Berhad Ritel Lainnya
Saham Bumiputera) Provident Fund Board)
30.51% 33.96% 6.52% 49.89%
Malayan Banking Berhad
45.02% Sorak Financial Holdings Pte Ltd
33.96% Maybank Offshore Corporate 100% 100% Maybank Asset Management
Service (Labuan) Sdn Bhd Group Berhad
8.73% 100%
Vital Solution Fund
Maybank Asset Management
Sdn Berhad
12.29% 99%
Masyarakat Umum
Asset Management
PT Maybank Asset Management Indonesia
100% Maybank IB Holdings Sdn Bhd
PT Bank Maybank Indonesia Tbk
100% 100%
99.99% 67.49% Etiqa International Holdings Maybank IBG Holding Limited (d/h
Sdn Bhd Maybank Kim Eng Holdings Ltd
PT Maybank PT Wahana
79,87% 85%
Indonesia Ottomitra
Finance Multiartha Tbk PT Asuransi Etiqa Internasional PT Maybank Sekuritas
Indonesia Indonesia*
*) formerly PT Maybank Kim Eng Sekuritas Indonesia
Main Entity
Malayan Banking Berhad, or Maybank, as the controlling shareholder, appointed Bank Maybank Indonesia as the Main Entity based on
the largest asset criteria supported by the best Risk Management process in the conglomerate.
PT Bank Maybank Indonesia Tbk (MBI)
6 1 • Banking
• Retail Banking, Business Banking, and Global Banking
PT Asuransi
Etiqa PT Maybank Indonesia Finance (MIF)
5
Internasional
Indonesia
(AEII)
2 2 • Financing Company
• Financing of new amd used 4-wheeled vehicle
PT Maybank Maybank
PT Wahana Ottomitra Multiartha Tbk (WOM)
3
Sekuritas Indonesia
Indonesia Finance (MIF) • Financing Company
1 • Financing of new amd used 2-wheeled vehicle
(MSI)
Bank
PT Maybank Asset Management (MAM)
Maybank
Indonesia 4 • Investment Manager
• Mutual Funds and Discretionary Funds
4 (MBI) 3
PT Maybank Sekuritas Indonesia (MSI)
Maybank Asset
Management
Wahana
Ottomitra
5 • Brokers and Security Underwriters
• Advisory, IPO, and Equity Trading
(MAM) Multiartha
(WOM) PT Asuransi Etiqa Internasional Indonesia (AEII)
6 • Insurance Company
• Property and Motor Vehicle Insurance and other products
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Collaboration and Synergy between Entities Risk Management for Financial
Collaboration and synergy between entities has been carried out as a commitment in Conglomerates, that Financial
providing the best services to customers. Conglomerates shall establish Integrated
Risk Management comprehensively and
effectively. Maybank Indonesia’s Financial
Conglomerate is composed of the
MBI following members:
1. PT Bank Maybank Indonesia, Tbk.
(MBI),
AEII MIF 2. PT Maybank Indonesia Finance (MIF),
3. PT Wahana Ottomitra Multiartha,
Tbk. (WOM),
Sinergi dan
4. PT Maybank Sekuritas Indonesia
Kolaborasi
(MSID),
5. PT Maybank Aset Manajemen
MSI WOM (MAM), dan
6. PT Asuransi Etiqa Internasional
Indonesia (EII).
MAM
Malayan Banking Berhad or Maybank
as the Controlling Shareholder (PSP)
The quality of business collaboration will be further enhanced, including the Risk appointed PT. Bank Maybank Indonesia,
Management, Compliance and Audit components, to become the best financial Tbk. as the Main Entity based on the
conglomerate in Indonesia through One Maybank Go To Market initiative. largest total assets criteria and/or having
outstanding Quality of Risk Management
Progress of Integrated Risk Management Implementation Implementation (KPMR) as stipulated by
The Bank periodically evaluates the integrated risk profile to be reported to the regulator the OJK.
every semester, covering all Financial Institutions that are members of the Maybank
Indonesia Financial Conglomerate. Intra-group transaction risk management
is a series of methodologies and
The following is the Integrated Risk Profile based on self-assessment as of 31 December procedures used to identify, measure,
2024: monitor, and control the risk of intra-
KPMR (Quality group transactions arising from
Inherent Risk of Risk Risk Profile all Financial Institution business
Risk Profile
Rating Management Rating activities incorporated in a Financial
Implementation)
Conglomerate.
Credit Risk 3 2 2
The Intra-Group Transaction Policy
Market Risk 2 2 2
refers to the 4 pillars that have been
Liquidity Risk 2 2 2
determined by the OJK, as follows:
Operational Risk 2 2 2 1. Supervision by the Main Entity’s
Legal Risk 1 2 1 Board of Directors and Board of
Reputation Risk 1 2 1 Commissioners
Strategic Risk 2 2 2
2. Adequacy of policies, procedures,
and determination of risk limits for
Compliance Risk 2 2 2
intra-group transactions
Intra-Group Transaction Risk 2 2 2 3. Adequacy of the identification
Insurance Risk 2 2 2 process, measurement, monitoring
Risk Profile Rating 2 2 2 and risk control as well as the intra-
group transaction risk management
In line with the provisions of the OJK Regulation No. 45/POJK.03/2020 concerning information system
Financial Conglomerates, MBI as the Main Entity has submitted a Corporate Charter to 4. A comprehensive internal control
the OJK in accordance with the provisions. The Corporate Charter has been signed by the system for the implementation of
Board of Directors of each Financial Services Institution member of KKMBI. intra-group risk management.
Intra-Group Transaction Adjusting products and services to
Referring to the Financial Services Authority Regulation (POJK) No. 17/POJK.03/2014 meet the needs and characteristics of
and the OJK Circular Letter (SE) No.14/SEOJK.03/2015 concerning Integrated customers.
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Risk Management Focus in 2025
Inisiatif-inisiatif Utama Manajemen Risiko
• Determining the appropriate risk posture in the recovery
period to support sustainable business growth
• Adjusting credit risk policies to support healthy credit growth
strategies in each segment
Improving Risk Management • Developing Artificial Intelligence (AI)-based unsecured credit
processes as the basis for digital banking development in the
Capability and Efficiency
consumer and retail segments
• Utilising and developing technology to support the bank’s first
Strengthening Operational line of defence unit
and Cyber Integrity and Resilience • Developing information technology and cyber risk monitoring
tools and continuously improving the ability to respond to
Achieving Sustainable cyber incidents.
Growth • Reviewing risk management implementation to align with
changes in the broader business, economic and social
environment
• Assisting the Bank’s transition to sustainable (Environmental,
Social and Governance/ESG) endeavours through the
development of Risk Acceptance Criteria (RAC) requirements
for industries with high ESG risks.
Risk Management and Compliance Policy The focus area of Technology Risk and Cyber Risk is the 2nd line
Strategic goals have been determined to realise the vision of defence, where the function includes governance, compliance,
to make the principle of sustainability an integral part of and advisory functions on the current conditions and emerging
the Company’s strategy and culture and to make customers technology/cyber risks that affect IT capabilities in terms of
as partners to bring about change in a better world through infrastructure and resilience to cyber attacks.
sustainable growth. Proper Environmental, Social & Governance
(“ESG”) risk management is not only something that is good to The Red Team’s focus area is the 2nd line of defence, where its
do, but also something that can support healthy business growth. function is to verify and validate the Company’s cybersecurity
In addition, the Risk of Climate Change needs to be responded to implementation with the following methods:
in a measurable and targeted way in line with the government’s - Verification and validation of cyber security based on
commitment to reducing carbon emissions. vulnerability for example through penetration testing
− Verification and validation of cyber security based on scenarios
The paradigm shift in digital banking services requires creative for example: read teaming/purple teaming, phishing simulation,
steps in the development of products and services in the virtual social engineering, cyber drill (table top and technical)
world, which is likely to become a community trend in the
future. Risk Management must remain relevant to the direction The results above will then become an input for IT, which is then
of sustainable business growth, amidst the risks of climate implemented to improve the Company’s overall cyber resilience
change and digitalisation demands that adapt to the needs and and cyber security capabilities.
characteristics of customers.
In addition, the Bank’s various efforts to reduce the risk of
The Bank, through the Technology Risk Management Unit led by internal and external fraud include always conducting fraud
the CISO (Chief Information Security Officer), has a focus area to awareness for both employees and customers, such as never
oversee/improve IT capabilities both in terms of infrastructure sharing personal information, users, PINs, OTPs, or passwords
and resilience to cyber attacks, with 3 focus areas, namely with anyone; educating not to carelessly click on hyperlinks; and
Technology Risk, Cyber Risk, and Red Team. training and simulating phishing e-mails for employees.
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In line with Indonesia’s economic recovery and the lifting of - Conducting dissemination to the work units through
COVID-19 restrictions by the government since the end of 2022, the Helpdesk/Command Center policy services
the Bank sees this as the right momentum for credit growth. as well as formal forums aiming to increase the
One of the focuses of the Bank’s credit growth is in the SME understanding of the work unit in implementing
segment, which was severely impacted during the COVID-19 credit policies.
pandemic. Growth in the SME segment is, of course, carried out - Creating assessment on sector/industry and
by applying all the lessons learnt from the portfolio deterioration updating the sector/industry database.
that occurred as a result of the COVID-19 crisis in order to obtain 2) Limits
future portfolio growth that is more resilient. The Bank periodically reviews the implementation of
industrial limits to ensure that credit concentration risk
To support the achievement of business targets and in line is maintained and always support business growth.
with the implementation of risk management and compliance 3) System, Reporting, & Monitoring
that has been implemented in 2024, the Bank continues to - Regarding the portfolio growth plan for the SME
develop knowledge, understanding, and risk awareness in every segment, strict supervision of the active COVID
employee through training in accordance with the development restructuring portfolio continues to be carried out.
of the banking industry in supporting the implementation of The Bank conducts a periodic health check on the
effective risk management and compliance. In addition, the Bank entire COVID restructuring portfolio to be able
continues to improve the management of comprehensive risk to increase more detailed understanding of the
management and compliance in 2024, namely: portfolio. This enables the Bank to implement an
A. Credit Risk Management appropriate account strategy and handling in order
The Bank will continue to improve its efforts and credit risk to help the customer’s recovery process from the
management mechanisms to ensure the Bank’s credit risk COVID crisis, and this is in line with the regulations
profile is within the Bank’s risk appetite with the following set by the regulator/OJK.
initiatives: - Continuing the development and implementation
1) Policy and Guideline of the Decision Engine & Alternate Score for
- To support the growth strategy in the SME segment, Credit Card and Unsecured Credit (KTA) customer
the Bank will review several underwriting approaches acquisition processes.
before determining the ideal and appropriate - Developing the business opportunities stemming
framework to handle the expansion of this segment, from subsidiaries (Maybank Finance and WOM
including the possibility of doing fine tuning/ Finance) including strengthening the credit scoring
adjustments to the existing underwriting framework. engine by utilising alternate scores from third
- Periodically issuing new policies and/or review parties.
the Bank’s credit policies and guidelines to - Regularly monitoring and analysing credit portfolios
ensure that these policies are still effective in while developing proactive data analytics capabilities
supporting business activities and comply with to enhance credit portfolio quality to become more
applicable regulations/policies of the regulator. predictive.
In order to implement FSA Regulation No. 11/ - Enhancing the role of Credit Risk Review in
POJK.03/2020 concerning National Economic maintaining the quality of the credit process to
Stimulus as a Countercyclical Policy Impact of build a good and prudent credit culture through
the Spread of Coronavirus Disease 2019 as well independent and periodic reviews on approved credit
as the latest provisions regulated through OJK facilities.
Board of Commissioners Decree No. 34/KDK.03 - Development of the RSME Loan Originating System
/2022 concerning the Determination of the (LOS) for credit approval process by integrating the
Accommodation and Drinking Food Provision Sector, Credit Quality Checklist (CQC) into the LOS. The
the Textile and Textile Products and Footwear Sector, CQC serves as a guide for credit decision makers, and
the Micro, Small and Medium Business Segment, and a uniform decision-making process for RSME loans.
Bali Province as Sectors and Regions that Require
Special Treatment of Bank Credit or Financing,
the Bank revised its policies and implementation
provisions to carry out restructuring and handling
related to the COVID-19 situation aligned with these
regulatory regulations/policies and their changes and
developments in current condition/situation.
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- Use of the Retail Consumer Collection System for with related work units to be updated. As for BCM tools,
the collection process for the RSME segment. This the Bank uses Risk Assessment (RA), Business Impact
is in line with the reorganisation initiative of the Analysis (BIA), and Business Continuity Plan (BCP)
RSME Asset Quality Management unit to execute to ensure that the Bank has an appropriate method
the retail billing method for the RSME segment for service continuity, especially for Critical Business
with the objective of increasing the efficiency and Functions (CBF). The Bank continues to implement the
effectiveness of handling non-performing loans. Business Continuity Management strategy in dealing
- Monitoring and analysing credit portfolios on a with emergency conditions to ensure consistency in
regular basis to ensure that portfolio management is achieving business objectives and business continuity,
always well maintained. including continuously monitoring the situation and
- Developing CRR (Credit Risk Reviewer) system taking steps in accordance with the provisions and
applications for database inventory, report directives of the government/regulator. Database,
generation and analysis of Credit Risk Review work reporting and call tree system as part of the BCM
unit review results. tools will also be automated as part of the GRC system
- Developing the Monitoring & Tracking (MTREX) development. To improve efficiency & effectiveness
application as a medium in the process of simplifying in carrying out its functions, the Bank will continue
credit applications, monitoring, tracking and to automate the existing processes through system
reporting debtor accounts in supporting the debtor/ development.
prospective debtor analysis process. 3) Knowledge, Culture, and Risk Awareness
- Developing the MyMIS application related to the The Bank regularly strives to socialise the culture
provision of large funds on a daily basis to support of managing risk and increasing risk awareness
the monitoring process of debtor and obligor comprehensively to all lines of business units and
exposure supporting units of the Bank, which is the main key
B. Operational Risk Management to success in risk management by organising various
1) Policy and Procedure education and socialisation programs, both in the form
The Bank constantly conducts a review and update of: E-Learning, training, meeting forums, organising
on the Operational Risk Management and Business sharing sessions, publishing articles and case studies
Continuity Management (BCM) guidelines to ensure the through written and online media, as well as in other
implementation of policies and procedures in the Bank forms of campaigns. Related to the Bank’s various efforts
is in accordance with organisational developments, the to become a risk of internal and external fraud, including
latest environmental conditions, as well as changes in the Bank always conducts fraud awareness both to
prevailing laws and regulations. employees and customers such as never sharing personal
2) Work Tools and System information, users, PINs, OTPs, passwords to anyone,
The Bank continues to maintain and ensure that the educating not to carelessly click on hyperlinks, training
Bank’s operational risk management and BCM processes and simulation of phishing e-mails to employees.
are proactive and adequate. The Bank also strives to C. Market Risk Management, Liquidity Risk, and
continue to support the implementation, monitor Counterparty Credit Risk (CCR)
utilisation, and maintain the infrastructure of operational 1. Policy and Guideline
risk management tools, including Risk & Control Self- The Bank constantly reviews and periodically updates
Assessment (RCSA), Key Risk Indicators (KRI), and all policies and guidelines to suit developments in the
Incident Management & Data Collection (IMDC) carried complexity of market risk exposure, Bank liquidity and
out by using the Operational Risk Management System counterparty credit risk as well as aligns with the latest
(ORMS) application which will be updated as part of the regulations from regulators and best practices in the
integrated Governance Risk & Compliance (GRC) system. banking industry, both locally and worldwide. In addition,
As one of the Bank’s efforts to continuously improve the Bank will ensure the implementation and alignment
the quality of operational risk management tools, the of policies and guidelines related to market risk and
Bank conducts scheduled RCSA and KRI discussions liquidity management at subsidiaries and overseas
branches.
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2. Limits - Furthermore, to ensure the effectiveness of the
The Bank will review at least annually all market risk model used, the Bank also conducts back testing to
limits in the trading book and banking book, liquidity ensure that the output of the model does not have a
risk, and counterparty credit risk. Limits are reviewed significant deviation compared to the actual.
to align with the Bank’s risk appetite, strategy and - In addition, to estimate or project risk exposures
budget; and approved by the relevant committee, such in extreme market conditions and or in a crisis, the
as the Asset and Liabilities Committee (ALCO), or other Bank also conducts Stress tests on liquidity risk and
committees. market risk exposures used to measure the Bank’s
3. System, Reporting, and Monitoring resilience in these conditions.
The Bank will continue to improve the quality of - Modelling in Liquidity Risk and Interest Rate Risk
each risk management process, such as identifying, in Banking Book (IRRBB). The Bank will update and
calculating, monitoring, and reporting market risk develop the calculation methodology, modelling,
exposures, liquidity risks, and counterparty credit risks, including the assumptions used in measuring
accompanied by in-depth analysis of each risk report so liquidity risk and IRRBB so that it is in line with
that the report becomes more significant as a basis for applicable regulations and ensures compliance with
business decision-making for the management and all best practices in the market.
stakeholders in the Bank. This process will be sustained - Pre-Settlement Risk (PSR) Factors in Treasury
by an adequate system, especially for a system that Transactions. The Bank manages Counterparty Credit
manages market risk in the Trading Book, interest rate Risk on transactions in the Global Markets (Treasury)
risk in the Banking Book, liquidity risk, and counterparty with other parties, through the determination of the
credit risk, such as the development of treasury systems pre-settlement risk (PSR) factor for each product
to be able to calculate market risk-weighted assets or financial instrument, currency, and transaction
and netting for counterparty credit risk exposures in period. PSR factor values are tested periodically or
accordance with regulatory requirements, as well as should there be significant changes or movements in
the development of liquidity risk systems to be able market prices.
to produce the necessary liquidity risk measurements D. Enterprise Risk Management
quickly and accurately. In line with the assessment of Risk Landscape and material
1) Measurement Method. risk identification that is periodically carried out by the Bank,
The Bank will constantly apply risk measurement the determination of risk measurement and review of Risk
methods that have been tested at this time, either the Appetite and Risk Tolerance will continue to be carried out to
standard models applied by regulators or models built ensure the growth of the Bank’s portfolio remains supported
internally to accurately measure potential risk. by a sound risk management and all risks including emerging
- To ensure that the method or model used in the risk can be measured and managed with a process that
Market Risk measurement process is conceptual and has been defined within the Bank’s Risk Management
its implementation is adequate and includes all risk Framework.
factors, The Bank will ensure that there is a validation 1) Adequate Governance
process carried out independently by personnel - Ensuring that the risk management process runs
appointed as validators, who are not involved in the in accordance with good governance through the
process of building and developing the model, where implementation of effective Committees at the
the validation process will be carried out periodically. Bank’s consolidated level (including subsidiaries),
as well as at the Maybank Integrated Financial
Conglomeration level in Indonesia, which, in
addition to involving a subsidiary, also includes sister
companies.
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- In line with the provisions, the Bank as the Main E. Technology and Cyber Risks
Entity has fulfilled its obligation to establish an The bank will continuously update efforts and mechanisms
Integrated Risk Management Committee (IRMC) for managing technology and cyber risks in line with current
and an Integrated Risk Management Unit in order to developments and implementations. The following initiatives
implement comprehensive and effective Maybank are being undertaken:
Group integrated risk management in Indonesia. 1. Policies and Procedures
The IRMC will consistently meet at least four times a a. Technology and cyber areas are rapidly evolving,
year. requiring stakeholders to have a unified perspective
- The Bank will also regularly hold meetings of the and understandable standardisation.
Bank’s Risk Management Committee/RMC at least b. The Bank continuously enhances technology and
four times a year and the Bank’s Risk Oversight cyber areas in alignment with new regulations such
Committee/ROC once a month to support risk as POJK No. 11/POJK.03/2022 regarding Information
management governance. Technology Implementation by Commercial Banks
2) Reporting and SEOJK No. 29 /SEOJK.03/2022 concerning Cyber
- In order to implement Integrated Risk Management Resilience and Security for Commercial Banks.
for the Financial Conglomerate, the Bank as the c. Alignment of Maybank Group standards and
main entity will prepare and submit an Integrated frameworks is necessary to leverage existing
Risk Profile report for the end of June and December knowledge, focusing risk management more on
with coverage of all Financial Services Institutions monitoring and mitigation.
incorporated in the Maybank Indonesia Financial d. The Bank consistently improves its cyber incident
Conglomerate. response capabilities to achieve better cyber
- The process of preparing the Risk Profile of the Bank resilience.
and its subsidiaries will be carried out and reported e. The Bank also enhances information security by
to the Regulator on a quarterly basis, in accordance adhering to industry information security standards
with applicable regulations. such as ISO27001.
- The Internal Capital Adequacy Assessment Process 2. Work Tools and Systems
(ICAAP) report according to the Risk Profile and the a. Risk management, particularly technology and cyber
Risk Based Bank Rating (RBBR) assessment process risks, will utilise and analyse data from within the
for the Bank and its subsidiaries will be submitted Bank. This data-driven risk management is expected
on a six-monthly basis in accordance with applicable to benefit identification, prediction, and proactive
regulations. mitigation of operational business risks.
- Evaluation and testing (Stress Testing) is conducted b. In addition to using and analysing data from within
by the Bank on a regular basis for internal purposes the Bank, the use and analysis of external threat data
with the aim to observe the condition of the Bank are also necessary to proactively mitigate current
in a stressed scenario in terms of capital, liquidity, and future threats.
profitability, and asset quality.
- Updating the Recovery Plan document regularly in
accordance with the provisions, at least once a year.
- Conduct a self-assessment of the Bank’s financial
condition changes regarding assets, liabilities, and/
or equity as of the financial statement date in the
previous Resolution Plan in accordance with the
provisions of PLPS No. 2 of 2024, and subsequently
perform periodic updates in accordance with the
regulations, at least once every two years.
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c. Data-driven risk management development is done
gradually by:
Assessing and categorising usable data;
- Assessing relevant cyber threats to the Bank to
understand their impacts and mitigations;
- Standardising data sources and mechanisms for
data collection and processing;
- Standardising metrics, dashboards, and reporting
used;
- Utilising information technology and automation
for more effective data processing;
- Developing technology and cyber risk monitoring
media for proactive initiatives.
- Continuously verifying and validating
implemented controls.
3. Knowledge, Culture, and Risk Awareness
The bank regularly conducts risk awareness campaigns,
especially for technology and cyber risks due to their
rapid changes. Sufficient knowledge and the formation
of risk culture and awareness across all business lines
and supporting units of the Bank are key to successful
technology and cyber risk management. Awareness and
education programs using available media to solicit
feedback from the target audience will enhance the
quality and quantity of materials related to technology
and cyber risks. These programs will collaborate with
relevant units for alignment and avoid appearing
isolated.
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Risk Exposure and Capital Disclosure
C: GENERAL
Key Metrics - As of 31 December 2024
No. Description
AVAILABLE CAPITAL (VALUE)
1 Common Equity Tier 1 (CET1) Capital
2 Tier 1 Capital
3 Total Capital
Risk Weighted Assets (Value)
4 Total Risk Weighted Assets (RWA)
Risk-Based Capital Ratio as a Percentage of RWA
5 CET1 Ratio (%)
6 Tier 1 Ratio (%)
7 Total Capital Ratio (%)
ADDITIONAL CET1 BUFFER AS PERCENTAGE OF RWA
8 Capital Conservation Buffer (2.5% of RWA) (%)
9 Countercyclical Buffer (0 - 2.5% of RWA) (%)
10 Capital Surcharge for Systemic Banks (1% - 2.5%) (%)
11 Total CET1 as Buffer (Row 8 + Row 9 + Row 10)
12 CET1 Component for Buffer
LEVERAGE RATIO AS PER BASEL III
13 Total Exposure
14 Value of Leverage Ratio, including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any)
14b Value of Leverage Ratio, not including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any)
14c Value of Leverage Ratio, including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any), that have considered the average carrying value of SFT assets on a gross basis (%)
14d Value of Leverage Ratio, not including the impact of adjustments for the temporary exemption on current account placements with Bank Indonesia in
compliance with the statutory reserve requirement (if any), that have considered the average carrying value of SFT assets on a gross basis (%)
LIQUIDITY COVERAGE RATIO (LCR)
15 Total High Quality Liquid Asset (HQLA)
16 Total Net Cash Outflow
17 LCR (%)
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding (ASF)
19 Total Required Stable Funding (RSF)
20 NSFR (%)
The Leverage Ratio as of 31 December 2024 is 13.99%, still above the stipulated provisions of 3%. The largest component of core capital was obtained from agio
amounting to Rp6,357,376 million and past years’ profit amounting to Rp16,339,732 million. The largest total exposure comes from loans amounting to Rp127,581,015
million and marketable securities portfolio amounting to Rp27,429,097 million.
PT WOM Finance Tbk and PT Maybank Indonesia Finance are the subsidiaries of PT Bank Maybank Indonesia Tbk engaged in the automotive financing business.
The average daily Liquidity Coverage Ratio (LCR) for Q4 2024 on a consolidated basis was 185.35%. The consolidated LCR fell by 0.07% from 185.42% in Q3 2024. The
decrease in the consolidated LCR was primarily caused by an increase in the average net cash outflow of Rp1.16 trillion as a result of an increase in the average other
contractual cash outflow in subsidiaries, as well as a decrease in the average cash inflow due to matured Corporate Customer loans. On the other hand, the average
High Quality Liquid Assets (HQLA) increased by Rp2.13 trillion due to a decrease in the Bank’s level 1 securities.
PT WOM Finance Tbk. and PT Maybank Indonesia Finance is a subsidiary of PT Bank Maybank Indonesia Tbk, where its main activities are engaged in automotive
financing.
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(in million Rupiah)
December 2024 September 2024 June 2024 March 2024 December 2023
28,878,652 28,581,273 27,679,807 28,318,431 28,581,706
28,878,652 28,581,273 27,679,807 28,318,431 28,581,706
30,256,134 29,980,867 29,083,251 29,650,891 29,838,633
118,397,661 121,002,589 123,870,276 115,603,442 107,547,948
24.39% 23.62% 22.35% 24.50% 26.57%
24.39% 23.62% 22.35% 24.50% 26.57%
25.55% 24.78% 23.48% 25.65% 27.74%
2.50% 2.50% 2.50% 2.50% 2.50%
0.00% 0.00% 0.00% 0.00% 0.00%
1.00% 1.00% 1.00% 1.00% 1.00%
3.50% 3.50% 3.50% 3.50% 3.50%
15.56% 14.79% 13.49% 15.66% 17.75%
206,355,467 198,178,050 199,221,587 186,491,729 179,073,495
13.99% 14.42% 13.89% 15.18% 15.96%
13.99% 14.42% 13.89% 15.18% 15.96%
15.06% 15.08% 14.66% 15.44% 16.10%
15.06% 15.08% 14.66% 15.44% 16.10%
41,864,551 39,736,905 40,351,130 43,245,823 42,896,012
22,586,385 21,430,479 23,745,810 20,258,290 20,405,706
185.35% 185.42% 169.93% 213.47% 210.22%
118,611,493 117,641,579 114,009,735 113,349,805 115,189,804
108,820,885 107,244,226 106,620,182 103,796,509 100,875,696
109.00% 109.70% 106.93% 109.20% 114.19%
The consolidated NSFR with subsidiaries in December 2024 is 109.00% (0.77% lower than the Bank’s individual NSFR), with total Available Stable Funding (ASF) after
weighting of Rp118.61 trillion and total Required Stable Funding (RSF) after weighting of Rp108.82 trillion.
Compared to the ASF position of Bank as individual, consolidated ASF is higher at Rp9.77 trillion which comes from capital, securities issued by subsidiaries, and
subsidiary loans. Meanwhile, RSF was higher at Rp9.67 trillion, most of which came from loans provided by subsidiaries.
On a consolidated basis, the amount of funding that has a maturity of more than 1 (one) year is Rp10.35 trillion, while the amount of loans in the Current and Special
Mention (performing) categories that have a maturity of more than 1 (one) year reaches Rp71.60 trillion.
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D: GENERAL
The Difference Between the Consolidated Coverage in Accordance with Accounting Standards and
The Prudential Requirements
a&b c
Carrying amount as stated in the
published financial statements According to credit risk
framework
ASSETS
Cash 1,861,870 1,861,870
Placements with Bank Indonesia 13,512,983 13,512,983
Placements with other banks 2,916,174 2,916,174
Spot and derivative/forward receivable 1,384,712 -
Trading securities 27,429,097 25,487,468
Securities sold under re-purchase agreement (repo) receivables 14,469,530 14,469,530
Securities purchased under re-sale agreement (reverse repo) receivables 838,423 838,423
Acceptances receivable 1,574,241 1,574,241
Loan receivables 95,831,851 95,831,851
Shariah financing receivables 31,749,164 31,749,164
Equity investments 195,182 195,182
Other financial assets 1,175,023 1,167,468
Allowance for impairment losses on financial assets -/- (4,104,528) (2,999,552)
Intangible assets 1,732,058 -
Accumulated amortisation of intangible assets -/- (1,365,697) -
Fixed assets and inventories 6,539,418 6,539,418
Accumulated depreciation of fixed assets and inventories -/- (2,547,206) (2,547,206)
Non productive assets 801,896 801,896
Other assets 3,185,631 2,542,943
TOTAL ASSETS 197,179,822 193,941,853
LIABILITIES
Demand deposits 39,599,829
Savings 23,302,338
Time deposits 56,101,724
Electronic money -
Liabilities to Bank Indonesia -
Liabilities to other banks 6,020,257
Spot and derivative/forward liabilities 1,359,446
Securities sold under repurchase agreement (repo) liabilities 14,803,086
Acceptances liabilities 1,416,229
Securities issued 3,813,234
Borrowings 14,426,809
Security deposits 38,298
Inter-branch liabilities 40,215
Other liabilities 5,049,966
Non-controlling interests 601,526
TOTAL LIABILITIES 166,572,957
Qualitative Analysis
The difference in the carrying value according to the market risk framework for Trading Securities is due to the fact that it is recorded using the trade date and the
market value used is based on the dirty price, which is the market value of securities based on the clean price plus the accrual value of the current interest income
to be received.
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(in million Rupiah)
31 December 2024
d e f g
Carrying amount by risks
Does not reffer to capital
According to counterparty credit According to securitisation According to market risk
requirements or based on capital
risk framework framework framework
deduction
135,993
4,767,420
2,563,796
1,384,712 115,321
5,501,221
0
9,399
1,282,244
29,160,051
2,589,113
-
134,622
(974,066)
22,034
(20,213)
-
-
-
166,027
1,384,712 - 45,452,962
12,174,759
2,801,647
12,866,683
-
-
2,314,810
1,356,421
-
1,416,229
-
7,677,315
21,902
39,420
172,394
-
40,841,580
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E: GENERAL
The Differences Between the Exposure in Accordance with Prudential Requirements and the Carrying Values
in Accordance with Financial Accounting Standards
31 December 2024
a b c d e
Item in accordance with:
Total Counterparty
Credit risk Securitisation Market risk
credit risk
framework framework framework
framework
The carrying amount of assets in accordance with the 240,779,527 193,941,853 - 1,384,712 45,452,962
consolidated coverage of prudential requirements (as reported
in template LI1)
The carrying amount of liabilities in accordance with the 40,841,580 - - - 40,841,580
consolidated coverage of prudential requirements (as reported
in template LI1)
Total net value in accordance with the consolidated coverage of 199,937,947 193,941,853 - 1,384,712 4,611,382
prudential requirements
Value of off-balance sheet accounts - - -
Valuation differences - - - - -
Differences between netting rules, except those in Row 2 - - - - -
Allowance differences - - - - -
Prudential filters differences - - - - -
Exposure value considered in accordance with the consolidated 199,937,947 193,941,853 - 1,384,712 4,611,382
scope of prudential requirements
Qualitative Analysis
The difference in the carrying value according to the market risk framework for Trading Securities is due to the fact that it is recorded using the trade date and the
market value used is based on the dirty price, which is the market value of securities based on the clean price plus the accrual value of the current interest income
to be received.
Instructions
• The values for rows 1 and 2, columns (b) to (e) are based on the sum of columns (c) to (f) of LI1.
• The value on administrative accounts includes the original exposure on administrative accounts in column (a) and the value under the regulatory framework,
after application of the Credit Conversion Factor (CCF) where appropriate in columns (b) to (e).
• Columns (c) through column (f) correspond to the respective financial services authority regulations, namely:
1. column (c) i.e. carrying amount in accordance with the provisions of the Financial Services Authority regarding guidelines for the calculation of risk-
weighted assets for credit risk using the standardised approach.
2. column (d) i.e. carrying amount in accordance with the guidelines for the calculation of net charge of derivative transactions in the calculation of risk-
weighted assets for credit risk using the standardised approach.
3. column (e) is the carrying value in accordance with the Financial Services Authority Regulation regarding prudential principles in asset securitisation
activities for commercial banks;
4. column (f) is the carrying value in accordance with the guidelines for the use of standard methods in calculating the minimum capital adequacy obligation
of commercial banks by taking into account market risk.
• Total exposure for prudential requirements: The value listed i.e. the aggregate value is considered as the beginning of the RWA calculation for each risk
category. As per the credit risk framework should refer to the value applied as per the credit risk standardised approach or for exposures at default (EAD) on
credit risk - Internal Rating Based Approach; securitisation exposures should be defined as per the securitisation framework; counterparty credit exposures as
defined as EAD used for counterparty credit risk purposes); and market risk exposures as per the position on the market risk framework.
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Governance Responsibility
F: Description of the Difference Between the Exposure Value in Accordance with
Financial Accounting Standards and The Prudential Requirements
(i) Valuation methodology, including an Valuation of financial instruments in the Trading Book is carried out through several types of fair value
explanation of the extent to which measurements:
mark-to-market and mark-to-model a. Based on market prices (mark-to-market)
methodologies are used. Financial instruments are valued daily based on current market interest rates/prices traded in active
markets and sourced from credible financial data providers (Bloomberg; Reuters) and/or from brokers
active in the market.
b. Based on a specific modeling approach (mark-to-model)
If fair value measurement based on market prices (mark-to-market) cannot be performed, then fair
value measurement is done based on mark-to-model, which is a method of fair value measurement
after benchmarking, extrapolation, or calculation using available market input data. Various valuation
techniques include Discounted Cash Flow, Modeling, and Benchmarking.
(ii) Description of the independent price The independent price verification process is conducted by parties independent of the business unit (in
verification process. this case, by the risk management unit) to ensure that market data used in the valuation process is in line
with standards, quality, and completeness.
The price verification process is carried out at the end of each working day after all necessary market
data has been collected. There are 2 (two) types of tolerance checks for independent price verification:
a. Percentile check
This check is performed to ensure that the market data taken falls within the specified percentile
range. If there are data points outside the percentile range (outliers), then those data points will be
excluded/not used.
b. Time stamp check
This check is performed to ensure that market data is always updated and taken at specified times.
(iii) Procedures for valuation or provision The process and methodology for assessing trading positions for each type of instrument are as follows:
adjustments (including process a. Debt Securities.
description and methodology for Valued daily based on the current market rates traded in active markets and sourced from credible
assessing trading positions with financial data providers (Indonesia Bond Pricing Agency, Bloomberg, Reuters) and/or from brokers
instrument types). active in the market.
b. Foreign Exchange Rates and Derivative Instruments.
Valued daily using discounted cash flow calculated using available market input data.
2024 Annual Report PT Bank Maybank Indonesia Tbk 305
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and Analysis
G: CAPITAL
Composition of Capital (CC1)
Reference from
Amount Consolidated
No. Component
(in million Rupiah) Statements of
Financial Position 1)
Common Equity Tier 1 Capital: Instruments and Reserves
1 Directly issued qualifying common share (and equivalent for non-joint stock companies) capital plus 10,213,284 a
related stock surplus
2 Retained earnings 17,455,695 b
3 Accumulated other comprehensive income (and other reserves) 2,579,475 c
4 Directly issued capital subject to phase out from CET1 (only applicable to non-joint stock companies) N/A
5 Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1) -
6 Common Equity Tier 1 capital before regulatory adjustments 30,248,454
Common Equity Tier 1 Capital: Regulatory Adjustments
7. Prudential valuation adjustments -
8. Goodwill (net of related tax liability) (7,128) d
9. Other intangibles other than mortgage-servicing rights (net of related tax liability) (359,233) e
10. Deferred tax assets that rely on future profitability excluding those arising from temporary differences N/A
(net of related tax liability)
11. Cash-flow hedge reserve N/A
12. Shortfall on provisions to expected losses N/A
13. Securitisation gain on sale (as set out in paragraph 562 of Basel II framework) -
14. Gains and losses due to changes in own credit risk on fair valued liabilities -
15. Defined-benefit pension fund net assets -
16. Investments in own shares (if not already netted off paid-in capital on reported balance sheet) N/A
17. Reciprocal cross-holdings in common equity N/A
18. Investments in the capital of Banking, financial and insurance entities that are outside the scope of N/A
regulatory consolidation, net of eligible short positions, where the Bank does not own more than 10% of
the issued share capital (amount above 10% threshold)
19. Significant investments in the common stock of Banking, financial and insurance entities that are outside N/A
the scope of regulatory consolidation, net of eligible short positions (amount above 10% threshold)
20. Mortgage servicing rights (amount above 10% threshold) -
21. Deferred tax assets arising from temporary differences (amount above 10% threshold, net of related tax N/A
liability)
22. Amount exceeding the 15% threshold
24. • Mortgage servicing rights N/A
25. • Deferred tax assets arising from temporary differences N/A
26. National specific regulatory adjustments
26a. • Difference between allowance for possible losses and allowance for impairment losses on earning -
assets
26b. • Allowance for losses on non productive assets required to be provided (383,044)
26c. • Deferred tax asset (613,076) f
26d. • Investments in shares of stock - g
26e. • Shortage of capital on insurance subsidiary company -
26f. • Securitisation Exposure -
26g. • Others -
27. Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and Tier 2 to -
cover deductions
28 Total regulatory adjustments to Common Equity Tier 1 (1,362,481)
29. Common Equity Tier 1 capital (CET1) 28,885,973
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Reference from
Amount Consolidated
No. Component
(in million Rupiah) Statements of
Financial Position 1)
Additional Tier 1 Capital: Instruments
30. Directly issued qualifying Additional Tier 1 instruments plus related stock surplus
31 • Classified as equity under applicable accounting standards -
32 • Classified as liabilities under applicable accounting standards -
33. Directly issued capital instruments subject to phase out from Additional Tier 1 N/A
34. Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by subsidiaries and held -
by third parties (amount allowed in group AT1)
35. • Instruments issued by subsidiaries subject to phase out N/A
36. Additional Tier 1 capital before regulatory adjustments
Additional Tier 1 Capital: Regulatory Adjustments
37. Investments in own Additional Tier 1 instruments N/A
38. Reciprocal cross-holdings in Additional Tier 1 instruments -
39. Investments in the capital of Banking, financial and insurance entities that are outside the scope of N/A
regulatory consolidation, net of eligible short positions, where the Bank does not own more than 10% of
the issued common share capital of the entity (amount above 10% threshold)
40. Significant investments in the capital of Banking, financial and insurance entities that are outside the N/A
scope of regulatory consolidation (net of eligible short positions)
41. National specific regulatory adjustments
41.a. • Investments in Instruments issued by the other bank that meet the criteria for inclusion in additional -
Tier 1
42. Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions -
43. Total regulatory adjustments to Additional Tier 1 capital -
44. Additional Tier 1 capital (AT1)
45. Tier 1 capital (T1 = CET 1 + AT 1) 28,885,973
Tier 2 Capital: Instruments And Provisions
46 Directly issued qualifying Tier 2 instruments plus related stock surplus 99,484 h
47 Directly issued capital instruments subject to phase out from Tier 2 N/A
48 Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries and -
held by third parties (amount allowed in group Tier 2)
49. Instruments issued by subsidiaries subject to phase out N/A
50 General PPA reserve on earning assets that must be calculated at a maximum amount of 1.25% of RWA for 1,277,998
Credit Risk
51 Tier 2 capital before regulatory adjustments 1,377,482
Tier 2 Capital: Regulatory Adjustments
52 Investments in own Tier 2 instruments N/A
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities N/A
54 Investments in capital TLAC liabilities of banks, financial and insurance entities outside the consolidated N/A
scope as per provisions, net of short position allowed, whereby the Bank does not held more than 10% of
the issued share capital; previously, the threshold value is 5%, however, this no longer met the criteria (for
systemic banks).
55 Significant investments in the capital banking, financial and insurance entities that are outside the scope N/A
of regulatory consolidation (net of eligible short positions)
56 National specific regulatory adjustments
56a. • Sinking fund -
56b. • Investments in Instruments issued by the other bank that meet the criteria for inclusion in additional -
tier 2
2024 Annual Report PT Bank Maybank Indonesia Tbk 307
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Reference from
Amount Consolidated
No. Component
(in million Rupiah) Statements of
Financial Position 1)
57 Total regulatory adjustments to Tier 2 capital -
58 Tier 2 capital (T2) 1,377,482
59 Total capital (TC = T1 + T2) 30,263,455
60 Total risk weighted assets 118,397,661
Capital Ratios And Buffers
61 Common Equity Tier 1 (as a percentage of risk weighted assets) 24.39%
62 Tier 1 (as a percentage of risk weighted assets) 24.39%
63 Total capital (as a percentage of risk weighted assets) 25.55%
64 Institution specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus 3.500%
countercyclical buffer requirements plus G-SIB buffer requirement, expressed as a percentage of risk
weighted assets)
65 • capital conservation buffer requirement 2.500%
66 • Bank specific countercyclical buffer requirement 0.000%
67 • higher loss absorbency requirement 1.000%
68 Common Equity Tier 1 available to meet buffers
• as a percentage of risk weighted assets 15.56%
National Minimal (If Different From Basel 3)
69 National Common Equity Tier 1 minimum ratio (if different from Basel 3 minimum) N/A
70 National Tier 1 minimum ratio (if different from Basel 3 minimum) N/A
71 National total capital minimum ratio (if different from Basel 3 minimum) N/A
Amounts Below The Thresholds For Deduction (Before Risk Weighting)
72 Non-significant investments in the capital and other TLAC liabilities of other financial entities N/A
73 Significant investments in the common stock of financial entities N/A
74 Mortgage servicing rights (net of related tax liability) N/A
75 Deferred tax assets arising from temporary differences (net of related tax liability) N/A
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardised approach (prior to N/A
application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach N/A
78 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach N/A
(prior to application of cap)
79 Cap for inclusion of provisions in Tier 2 under internal ratings-based approach N/A
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022)
80 Current cap on CET1 instruments subject to phase out arrangements N/A
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities) N/A
82 Current cap on AT1 instruments subject to phase out arrangements N/A
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) N/A
84 Current cap on T2 instruments subject to phase out arrangements N/A
85 Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) N/A
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H: CAPITAL
Consolidated Statement of Financial Position (CC2)
(in million Rupiah)
Consolidated
Statements of
Financial Position
Consolidated
No. Accounts Under Regulatory Reference No.
Scope
of Consolidation
December 2024
ASSETS
1. Cash 1,861,870
2. Placement to Bank Indonesia 13,512,983
3. Interbank placement 2,916,174
4. Spot and derivative/forward receivables 1,384,712
5. Securities 27,429,097
6. Securities sold under repurchase agreement (repo) 14,469,530
7. Claims on securities bought under reverse repo 838,423
8. Acceptance receivables 1,574,241
9. Loans and financing 95,831,851
10. Shariah financing ¹⁾ 31,749,164
11. Equity investment 195,182 g
12. Other financial assets 1,175,023
13. Impairment on financial assets -/-
a. Marketable securities (1,015)
b. Loans and sharia financing ¹⁾ (4,019,424)
c. Others (84,089)
14. Intangible assets 1,732,058
i. Goodwill 235,067 d
ii. Other intangible assets 1,496,991 e
Accumulated amortisation of intangible assets -/- (1,365,697)
i. Goodwill (227,939) d
ii. Other intangible assets (1,137,758) e
15. Fixed assets and inventories 6,539,418
Accumulated depreciation of fixed asset and inventories -/- (2,547,206)
16. Non-productive assets 801,896
a. Abandoned properties 20,088
b. Foreclosed collaterals 781,806
c. Suspended accounts 2
d. Inter-branch assets ²⁾ 0
17. Other assets 0
Deferred tax assets 613,076 f
Other assets 2,572,555
TOTAL ASSETS 197,179,822
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
(in million Rupiah)
Consolidated
Statements of
Financial Position
Consolidated
No. Accounts Under Regulatory Reference No.
Scope
of Consolidation
December 2024
LIABILITIES AND EQUITY
LIABILITIES
1. Current accounts 39,599,829 -
2. Savings 23,302,338 -
3. Time deposits 56,101,724 -
4. Electronic Money 0 -
5. Liabilities to Bank Indonesia 0 -
6. Liabilities to other banks 6,020,257 -
7. Spot and derivative/forward payable 1,359,446 -
8. Payable on securities sold under repurchase agreements (repo) 14,803,086 -
9. Acceptances payable 1,416,229 -
10. Securities issued 3,813,234 - h
11. Borrowings 14,426,809 -
12. Security deposit 38,298 -
13. Inter-branch liabilities ²) 40,215 -
14. Other liabilities 5,049,966 -
15. Minority interest 601,526 -
TOTAL LIABILITIES 166,572,957 -
EQUITY
16. Paid-in capital -
a. Authorised capital 12,864,766 -
b. Unpaid capital (9,008,858) - a
c. Treasury stock -/- 0 - a
17. Additional paid-in capital -
a. Agio 6,357,376 - a
b. Disagio -/- 0 - a
c. Donated capital 0 - a
d. Others (57,313) -
18. Other comprehensive income - -
a. Gains 2,224,017 - c
b. Losses -/- 0 - c
19. Reserves -
a. General reserves 771,182 - c
b. Appropriated reserves 0 -
20. Profit/loss -
a. Previous years 17,124,265 - b
b. Current year 1,115,963 - b
c. Dividend paid (784,533) - b
Total Equity Attributable To Owner 30,606,865 -
TOTAL EQUITY 30,606,865 -
TOTAL LIABILITIES AND EQUITY 197,179,822 -
On the asset side, there was an increase of Rp6,259,845 million in Securities sold under repurchase agreements (repo), and a decrease of Rp3,009,374 million in
Spot and Derivative/Forward Receivables.
While on the liability side, there was an increase of Rp6,080,506 million in Liabilities for securities sold under repurchase agreements (repo) and a decrease of
Rp2,711,176 million in Spot and Derivative/Forward Liabilities of compared to the previous period (Q3 2024).
310 2024 Annual Report
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I: CAPITAL
Key Features of Capital Instruments (CCA)
Subordinated Long Term
Notes made without a Public
No Description Filling Guidelines Ordinary Shares Offering PT Bank Maybank
Indonesia Tbk
Year 2024
1 Issuer Please fill in the issuer of the instrument. PT Bank Maybank PT Bank Maybank Indonesia Tbk
Indonesia Tbk
2 Identification number (ISIN) Filled in with a unique identification number ID1000099302 IDH000075407
for the issuance of the instrument (e.g.
exchange-listed number, ISIN, etc.)
3 Applicable law Filled in with the law used, for example: Indonesian law Indonesian law
Indonesian law
3a Means of enabling the performance The OJK provisions do not adopt the TLAC. N/A N/A
obligations under Section 13 of the
TLAC Glossary to be achieved (for other
valid TLAC instruments governed by
foreign law)
Treatment of instrument based on the
provisions of KPMM
4 At transition time OJK provisions regarding CAR do not adopt a N/A N/A
transition period
5 After transition time Filled with options: CET 1, AT 1, Tier 2, or Not CET-1 Tier 2
Eligible
6 Is the instrument eligible for Individual/ Filled in with options: Individual; Consolidated; Consolidation and Consolidation and Individual
Consolidated or Consolidated and or Consolidated and Individual. Individual
Individual
7 Type of Instrument Please fill in the type of instrument with Subordinated Securities Long Term Notes
options: Ordinary Shares, Preferred Shares,
Subordinated Securities, Subordinated Loans,
Securities, or other loans.
8 The amount recognised in the KPMM Filled in Millions Rupiah
calculation 3,855,908 99,484
9 Par value of instrument Filled in Millions Rupiah (while for nominal Series A: IDR 900/share
shares in full value) Series B: IDR 225/share 100,000
Series D: IDR 22.5/share
10 Classification in accordance with Filled in with options: Equity; Liabilities - Equity Liabilities - Amortised cost
financial accounting standards Amortised cost; Liabilities - Fair Value Option;
Non-controlling interest.
11 Date of Issuance Filled in: IPO : 21 November 1989 23 August 2023
dd/mm/yyyy Rights Issue I:
15 February 1994
Rights Issue II:
16 January 1997
Rights Issue III:
6 April 1999
Rights Issue IV: 11 July
2002
Rights Issue V: 2010
Rights Issue VI: 2013
Rights Issue VII: 2014
Rights Issue VIII: 2018
12 No maturity date (perpetual) or with Filled with options: Perpetual or With Maturity No maturity With Maturity date
maturity date
13 Maturity Date For instruments with maturity, fill in the N/A 23 August 2023
maturity date: dd/mm/yyyy.
For perpetual instruments
fill in: No maturity date
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and Analysis
Subordinated Long Term
Notes made without a Public
No Description Filling Guidelines Ordinary Shares Offering PT Bank Maybank
Indonesia Tbk
Year 2024
14 Date of call option, amount being Filled in with options: Yes; No N/A N/A
called, and other requirements of
the call option (if any)
15 Date of call option, amount being Please fill in the call option date (dd/mm/yyyy), N/A N/A
called, and other requirements of other call option terms and withdrawal amount
the call option (if any) (in million rupiah)
16 Subsequent call option Filled in if there is a subsequent call option N/A N/A
feature (the number of times the call option
can be exercised).
Coupon/dividend
17 Fixed rate or floating rate dividend/ Filled with options: Floating Fixed
coupon - Fixed: if the coupon or dividend is fixed
during the term of the instrument;
- Floating: if the coupon or dividend is
floating during the term of the instrument;
- Fixed to floating: if the coupon/dividend is
currently fixed, but may change to floating
in the future; or
- Floating to fixed: if the coupon/dividend is
currently floating, but may change to fixed
in the future.
18 Level of coupon rate or other index as Fill in with the coupon rate or index that is the N/A 7.900%
reference reference of the coupon or dividend rate.
19 Existence of dividend stopper Filled with options: Yes or No No No
20 Fully discretionary; partial or Whether the Bank has the full or partial right Mandatory Mandatory
mandatory to cancel coupons or dividends, or cannot
cancel coupons/dividends. Filled with options:
Fully discretionary, Partially Discretionary, or
Mandatory.
21 Existence of step-up feature or other Filled with options: Yes or No No No
incentive
22 Non-cumulative or cumulative Filled in with options: Non-cumulative or Non-cumulative Non-cumulative
cumulative
23 Convertible or non-convertible Filled with options: convertible or non- Not convertible Not convertible
convertible
24 If convertible, state the trigger point Fill in with the conditions (trigger points) when N/A N/A
the instrument is converted, including the
point of non-viability.
25 If convertible, wholly or partially Filled in with an explanation for each trigger N/A N/A
point whether the instrument will be: (i)
definitely converted in full; (ii) possibly
converted in full or in part; or (iii) definitely
converted in part.
26 If convertible, what is the rate of Filled in with an explanation of the conversion N/A N/A
conversion rate of the instrument.
27 If convertible; mandatory or optional Filled with options: Mandatory, Optional, or N/A N/A
N/A
28 If convertible, state the instrument of Filled with options: CET 1, AT 1, Tier 2, or N/A N/A N/A
conversion
29 If convertible, state the issuer of Filled in with an explanation of the issuer of N/A N/A
instrument it converts into the instrument it converts into
30 Write-down feature Filled with options: Yes or No No Yes
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Subordinated Long Term
Notes made without a Public
No Description Filling Guidelines Ordinary Shares Offering PT Bank Maybank
Indonesia Tbk
Year 2024
31 In the event of write-down, state the Filled with an explanation of the conditions N/A In the event that the OJK has
trigger or trigger points of the write-down feature, determined that the Company is
including the point of non-viability. in a condition that its business
continuity is disturbed by
providing a written notification
to the Company to perform a
Write Down on its obligations to
Subordinated Bonds
32 In the event of write-down, state the For each trigger point for the write down N/A Fully/Partially
trigger feature, describe whether the instrument will
be written down: (i) will always be fully written
down; (ii) may be partially written down; (iii)
will always be partially written down.
33 In the event of write-down; permanent Filled with options: Permanent or Temporary N/A Permanent
or temporary
34 In the event of temporary write-down, Filled in with an explanation of the write-up N/A N/A
state the write-up mechanism mechanism.
34a Type of subordination Filled with the type of subordination N/A Subordinated Long Term Notes
35 Hierarchy of instrument at liquidation Filled in with an explanation of the hierarchy of This instrument is Rated as pari passu without
instruments at the time of liquidation. paid-in capital and is preference among holders of
subordinated to other other subordinated bonds or
capital components. debtors
Available to absorb
losses that occur before
liquidation or during
liquidation
36 Existence of non-compliant feature Filled with options: Yes or No No No
37 If Yes, describe the non-compliant Filled with an explanation of non-compliant N/A N/A
feature features.
J: CAPITAL
Qualitative Analysis
Capital instruments issued by the Bank refer to POJK No. 11/ that the subdebt can be recognised as supplementary capital.
POJK.03/2016 concerning Minimum Capital Requirement for Supplementary Capital can be recognised as a maximum of 100%
Commercial Banks, along with its amendments. In the POJK, of the Core Capital. For the purposes of calculating the Minimum
there are capital instruments in the form of Main Core Capital Capital Requirement (“KPMM”) ratio, the above subordinated
(Tier 1) and Supplementary Capital (Tier 2) along with details on LTN is calculated as supplementary capital after the Bank
the features of capital instruments. receives a letter of approval from OJK No. S-100/PB.32/2023
dated 6 October 2023.
For Subordinated Bonds (subdebt) in particular, to be recognised
as Tier 2 Capital must meet the requirements stated in Article 19 The Bank always strives to maintain capital according to the
of the POJK including having a term of 5 years or more and can Bank’s Internal Capital Target (ICT) and to meet the minimum
be repaid after obtaining approval from OJK, having features to capital requirements in accordance with applicable regulations.
convert into ordinary shares or write down mechanism in the
event that a Bank has the potential to be affected by its business Issuance of capital instruments, either through the issuance of
continuity (point of non viability), which is clearly stated in ordinary shares through Pre-emptive Rights (HMETD) or non-
the issuance documentation or agreement, and other features. HMETD or Subordinated Bonds, refers to the Bank’s capital plan.
Banks must submit an application for approval to the OJK so
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and Analysis
K: RISK MANAGEMENT
Disclosure of Bank Risk Management Approach (OVA)
Risk management is an important component in making The Bank regularly identifies risks, including through the
decisions to support the Bank’s business strategy. In all aspects risk landscape survey process, the approval process for new
of the Bank’s business, risk is an inseparable part where in the businesses and new products, evaluation and testing (stress
presence of uncertainty there is always the potential for losses, testing) that are forward-looking and directives from senior
both predictable and unpredictable, which must be considered. management and the Board of Directors in order to determine
Risk management plays a role in balancing the level of risk that business strategies and how to achieve them in the midst of
is willing to be taken in accordance with the Bank’s business various challenges and pressures.
strategy and at the same time maintaining a healthy financial
condition and capital. The 5 (five) main stages of the risk management process are
implemented in a sustainable manner at the Bank, including risk
In implementing effective risk management in daily business identification, risk measurement, risk control, risk monitoring
activities, the Bank includes 4 (four) main pillars of risk and reporting, and monitoring of sustainable financial action
management, including: plans.
a. Active supervision of the Board of Directors, Board of
Commissioners and Sharia Supervisory Board Banks identify 8 (eight) types of risk in accordance with OJK
b. Adequacy of risk management policies, procedures and limits regulations regarding the implementation of risk management
c. Adequacy of risk identification, measurement, monitoring for commercial banks, namely credit risk, market risk, liquidity
and control processes and risk management information risk, operational risk, compliance risk, legal risk, reputation risk
systems and strategic risk. In addition to the eight types of risk, there
d. Comprehensive internal control system are 2 (two) additional risks related to the implementation of
risk management for Sharia Business Units in the Bank, namely
The Bank has and implements a risk management framework return risk and investment risk. In implementing integrated risk
and annexes to the framework that act as an umbrella for all management for the Maybank Indonesia financial conglomerate,
risk management policies and procedures that govern the there are 2 (two) risks that are also identified and managed,
implementation of risk management governance in the Bank. namely intra-group transaction risk and insurance risk.
The main value of risk management at the Bank is the
implementation of a risk culture by the Bank’s employees in
every aspect of the Bank’s business and organisation as an
important component in strengthening risk governance and
establishing risk management principles as the foundation of a
strong risk management structure.
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L.1: LEVERAGE RATIO
Report of Total Exposure in Leverage Ratio
Name of Bank : PT Bank Maybank Indonesia Tbk
Report Position : December 2024
(in million Rupiah)
No Description Individual Consolidated
1 Total assets in the statement of financial position of the published financial statements (gross value before 187,142,246 201,284,350
allowance for impairment losses/CKPN)
2 Adjustments for the value of equity participation in banks, financial institutions, insurance companies, - -
and/ or other entities, which must be consolidated in accordance with financial accounting standards, but
is outside the scope of consolidation based on the provisions of the Financial Services Authority.
3 Adjustments for the value of the underlying financial assets portfolio that have been transferred in asset - -
securitisation that meet the sell- out requirements as stipulated in the Financial Services Authority
Regulation concerning the prudential principle in asset securitisation activities for commercial banks.
In the event that the underlying financial asset has been deducted from the total assets in the statement
of financial position, the number on this line is 0 (zero).
4 Adjustments for the temporary exemption from placement of demand deposits with Bank Indonesia in - -
order to comply with the statutory reserve requirement (if any).
5 Adjustments for fiduciary assets that are recognised as a component of the statement of financial position - -
based on financial accounting standards but are excluded from the calculation of total exposure in the
Leverage Ratio.
6 Adjustments for the value of the regular purchase or sale of financial assets using the trading date - -
accounting method
7 Adjustments for the value of cash pooling transaction that meet the requirements stipulated in the - -
Financial Services Authority Regulation
8 Adjustments for the value of derivative transaction exposure 2,233,299 2,233,299
9 Adjustments for the value of SFT exposure, such as reverse repo transactions 8,350 8,350
10 Adjustments for the value of TRA exposure that has been multiplied by the FKK 7,913,286 7,913,286
11 Adjustments for prudential assessment in the form of capital deduction factor and CKPN (5,305,865) (5,083,818)
12 Other adjustments - -
13 Total exposure in the calculation of Leverage Ratio 191,991,316 206,355,467
Qualitative Analysis
Individual
There was an increase of total exposure in the calculation of Leverage Ratio due to the increase in total assets compared to the previous period,
by Rp7,010,487 million
Consolidated
There was an increase of total exposure in the calculation of Leverage Ratio due to the increase in total assets compared to the previous period,
by Rp7,893,041 million
2024 Annual Report PT Bank Maybank Indonesia Tbk 315
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and Analysis
L.2: LEVERAGE RATIO
Report of Leverage Calculation
Name of Bank : PT Bank Maybank Indonesia Tbk
Report Position : December 2024
No Description
On-Balance Sheet Exposure
1 On-balance sheet exposure including collateral, but excluding derivatives and securities financing transaction (SFTs)
(gross value before deducting impairment provisions)
2 Gross-up for derivatives collateral provided where deducted from balance sheet assets pursuant to the accounting standard.
3 (Deductions of receivable assets for CVM provided in derivatives transactions)
4 (Adjustment for securities received under securities financing transactions that are recognised as an asset)
5 (Impairment provision those assets inline with accounting standard applied)
6 (Asset amounts deducted in determining Basel III Tier 1 capital and regulatory adjustments)
7 Total On-Balance Sheet Exposure
Sum of rows 1 to 6
Derivative Exposure
8 Replacement cost associated with all derivatives transactions (where applicable net of eligible cash variation margin and/or with bilateral netting)
9 Add on amounts for PFE associated with all derivatives transactions.
10 (Exempted central counterparty (CCP) leg of client-cleared trade exposures)
11 Adjusted effective notional amount of written credit derivatives.
12 (Adjusted effective notional offsets and add-on deductions for written credit derivatives)
13 Total Derivative Exposure
Sum of rows 8 to 12
Securities Financing Transaction (SFT) Exposure
14 Gross SFT Assets.
15 (Netted amounts of cash payables and cash receivables of gross SFT assets)
16 Counterparty credit risk exposure for SFT assets refers to current exposure calculation.
17 Agent transaction exposures.
18 Total SFT Exposure
Sum of rows 14 to 17
Other Off-Balance Sheet Exposure
19 Off-balance sheet exposure at gross notional amount.
(gross value before deducting impairment provision)
20 (Adjustment from the result of multiplying commitment payable or contingent payables with credit conversion factor and deducted with impairment
provision)
21 (Impairment provision for off balance sheet inline with accounting standard)
22 Total Other Off-Balance Sheet Exposure
Sum of rows 19 to 21
Capital and Total Exposure
23 Tier 1 Capital
24 Total Exposure
Sum of rows 7,13,18,22
Leverage Ratio
25 Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves)
25a Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves)
26 National Minimum Leverage Ratio Requirement
27 Applicable Leverage Buffer
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Governance Responsibility
(in million Rupiah)
Individual Consolidated
31 December 2024 30 September 2024 31 December 2024 30 September 2024
170,449,581 166,543,833 184,591,685 179,803,383
- - - -
(123,449) (20,288) (123,449) (20,288)
- - - -
(3,839,226) (3,800,070) (4,104,381) (4,073,363)
(1,466,639) (1,414,928) (979,437) (924,976)
165,020,267 161,308,547 179,384,418 174,784,756
1,313,077 3,428,384 1,313,077 3,428,384
2,428,383 3,288,328 2,428,383 3,288,328
N/A N/A N/A N/A
- - - -
- - - -
3,741,460 6,716,712 3,741,460 6,716,712
15,307,806 9,193,637 15,307,806 9,193,637
- - - -
8,497 - 8,497 -
- - - -
15,316,303 9,193,637 15,316,303 9,193,637
51,488,752 47,640,947 51,488,752 47,640,947
(43,434,735) (40,015,110) (43,434,735) (40,015,110)
(140,731) (142,892) (140,731) (142,892)
7,913,286 7,482,945 7,913,286 7,482,945
23,664,322 23,561,041 28,878,652 28,581,273
191,991,316 184,701,841 206,355,467 198,178,050
12.33% 12.76% 13.99% 14.42%
12.33% 12.76% 13.99% 14.42%
3.00% 3.00% 3.00% 3.00%
N/A N/A N/A N/A
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and Analysis
Name of Bank : PT Bank Maybank Indonesia Tbk
Report Position : December 2024
No Description
Disclosures of Mean Values
28 Mean value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables.
29 Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables.
30 Total exposures (including the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT assets.
30a Total exposures (excluding the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT asset.
31 Leverage ratio (including the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT assets.
31a Leverage ratio (excluding the impact of any applicable temporary exemption of central bank reserves)
incorporating mean values from row 28 of gross SFT assets.
Qualitative Analysis
Individual
Fulfillment of the Leverage Ratio as of 31 December 2024 is 12.33%, still above the stipulated provisions of 3%. The largest component of core capital was obtained
from agio amounting to Rp6,357,376 million and past years’ profit amounting to Rp12,028,320 million. The largest total exposure comes from loans disbursement
amounting to Rp113,652,175 million and marketable securities portfolio amounting to Rp27,552,393 million.
Consolidated
Fulfillment of the Leverage Ratio as of 31 December 2024 is 3.99 %, still above the stipulated provisions of 3%. The largest component of core capital was obtained
from agio amounting to Rp6,357,376 million and past years’ profit amounting to Rp16,339,732 million. The largest total exposure comes from loans disbursement
amounting to Rp127,581,015 million and marketable securities portfolio amounting to Rp27,429,097 million.
W: CREDIT RISK
Qualitative Disclosure of Counterparty Credit Risk (CCRA)
Qualitative CCRA:
The Bank uses the Standard Approach Method to get the amount of Derivative Transaction net receivables for the calculation of RWA
in Credit Risk, pursuant to Financial Services Authority Circular Letter No. 48/SEOJK.03/2017. The calculation of RWA in Counterparty
Credit Risk under Derivative Transactions Standard Approach Method calculates both the Banking Book and Trading Book.
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(in million Rupiah)
Individual Consolidated
31 December 2024 30 September 2024 31 December 2024 30 September 2024
725,945 554,515 725,945 554,515
15,307,806 9,193,637 15,307,806 9,193,637
177,409,455 176,062,719 191,773,606 189,538,928
177,409,455 176,062,719 191,773,606 189,538,928
13.34% 13.38% 15.06% 15.08%
13.34% 13.38% 15.06% 15.08%
X: CREDIT RISK
Counterpary Credit Risk Exposure Analysis (CCR1)
(in million Rupiah)
31 December 2024 31 December 2023
a b c d e f a b c d e f
Potential Alpha used Potential Alpha used
Replacement Future to calculate Net Replacement Future to calculate Net
EEPE RWA EEPE RWA
Cost (RC) Exposure regulatory Receivables Cost (RC) Exposure regulatory Receivables
(PFE) EAD (PFE) EAD
1 SA-CCR (for 937,912 1,734,559 1.4 3,741,459 2,086,450 760,879 2,086,458 1.4 3,986,272 1,903,463
derivative)
2 Internal Model N/A N/A N/A N/A
Method (for
derivative and
SFTs)
3 Simple N/A N/A N/A N/A
approach for
credit risk
mitigation (for
SFTs)
4 Comprehensive 0 0 0 0
approach for
credit risk
mitigation (for
SFTs)
5 VaR for SFTs N/A N/A N/A N/A
6 TOTAL 2,086,450 1,903,463
Analisis Kualitatif
Pursuant to SEOJK Number 48/SEOJK.03/2017, RWA in Counterparty Credfit Risk under Standard Approach Method for the Bank’s Derivative Transactions.
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Z: CREDIT RISK
CCR Exposure based on Portfolio Category and Risk Weighting (CCR3)
31 December 2024
Weighted Risk a b c d e f g h i j k
No.
Total Net
Portfolio Category 0% 10% 20% 30% 40% 50% 75% 85% 100% 150%
receivables
1 Receivables on 272,808 0 0 0 0 0 0 0 0 0 272,808
sovereigns
a. Receivables 272,808 0 0 0 0 0 0 0 0 0 272,808
on sovereigns
Indonesia
b. The Government 0 0 0 0 0 0 0 0 0 0 0
of other
soverigns
2 Receivables on public 0 0 3,315 0 0 0 0 0 0 0 3,315
sector entities
3 Receivables 0 0 0 0 0 0 0 0 0 0 0
on multilateral
development banks
and international
institutions
4 Receivables on banks 0 0 250,721 44,854 335,545 2,393 0 0 0 0 633,513
a. Short Term 0 0 81,088 0 0 2,393 0 0 0 0 83,481
Receivables
b. Long Term 0 0 169,633 44,854 335,545 0 0 0 0 0 550,032
Receivables
5 Receivables 0 0 351,433 0 0 18 31,578 0 0 0 383,029
to Securities
Companies and
Other Financial
Services Institutions
a. Short Term 0 0 0 0 0 18 0 0 0 0 18
Receivables
b. Long Term 0 0 351,433 0 0 0 31,578 0 0 0 383,011
Receivables
6 Receivables on 0 0 0 0 0 0 19,416 3 29,062 0 48,481
micro, small business
& retail portfolio
7 Receivables on 0 0 732,911 0 0 125,358 0 14,259 1,527,786 0 2,400,314
corporate
TOTAL 272,808 0 1,338,380 44,854 335,545 127,769 50,994 14,262 1,556,848 0 3,741,459
AA: CREDIT RISK
Net Receivables Credit (CCR6)
(in million Rupiah)
31 December 2024 31 December 2023
a b a b
No. Description
Protection Protection Protection Protection
Bought Sold Bought Sold
NOTIONAL VALUES
1 Forward 3,811,724 3,477,817 2,455,489 1,624,386
2 Future 0 0 0 0
3 Option 1,511,352 1,511,352 940,438 940,438
4 Spot 781,750 811,524 2,358,705 579,342
TOTAL NOTIONAL VALUES 6,104,826 5,800,693 5,754,632 3,144,166
FAIR VALUES
1 Fair values positive 160,100 36,491 46,917 34,745
2 Fair values negative 7,205 121,536 112,970 47,631
TOTAL FAIR VALUES 167,305 158,027 159,887 82,376
Qualitative Analysis
The largest change in notional value was the decline in protection sold and protection purchased on futures transactions, and the decline in notional value of
protection sold on spot transactions. In positive fair value (assets) there was an increase in protection purchased
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(in million Rupiah)
31 December 2023
a b c d e f g h i j k
Total Net
0% 10% 20% 30% 40% 50% 75% 85% 100% 150%
receivables
397,285 0 0 0 0 0 0 0 0 0 397,285
397,285 0 0 0 0 0 0 0 0 0 397,285
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0
0 0 336,503 353,417 1,026,105 292,486 0 0 135,721 0 2,144,232
0 0 100,076 0 0 8,879 0 0 0 0 108,955
0 0 236,427 353,417 1,026,105 283,607 0 0 135,721 0 2,035,277
0 0 47,650 55,806 0 0 32,477 0 0 0 135,933
0 0 0 0 0 0 0 0 0 0 0
0 0 47,650 55,806 0 0 32,477 0 0 0 135,933
0 0 0 0 0 0 84,877 678 140,593 0 226,148
0 0 335,372 0 0 41,852 0 74,505 630,946 0 1,082,675
397,285 0 719,525 409,223 1,026,105 334,338 117,354 75,183 907,259 0 3,986,272
BB: CREDIT RISK
Qualitative Disclosure of Securitisation Exposures (SECA)
Qualitative Analysis
NIL (-)
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CC: CREDIT RISK
Securitisation Exposure Components in the Banking Book (Tabel SEC1)
a b c e f g i j k
Bank as Originator Bank as Sponsor Bank as Investor
Traditional Synthetis Subtotal Traditional Synthetis Subtotal Traditional Synthetis Subtotal
1 Retail (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Mortgage loan
b. Credit card
c. Others retail exposure
d. Re-securitisation
2 Wholesale (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Corporate Loan
b. Commercial Loan
c. Rent and Account
Receivable
d. Other Wholesale
e. Re-securitisation
Qualitative Analysis
NIL
EE: CREDIT RISK
Securitisation exposure in the banking book and related to it’s Capital Requirements -
Bank acting as Originator or Sponsor (SEC3)
a b c d e f g h
Exposure Value (by Risk Weighting) Exposure Values (by Regulatory Approach)
>50% to >100% to
≤20% >20% to 50% 1,250%
100% <1,250%
Weighted Weighted Weighted IRB RBA IRB SFA SA/SSFA
Weighted Weighted
Risk Risk Risk
Risk Risk
Total Exposure (-) (-) (-) (-) (-) (-) (-) (-)
1 Traditional Securitisation
a. Where underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
2 Synthesis Securitisation
a. Where the underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
Qualitative Analysis
NIL
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DD: CREDIT RISK
Securitisation Exposure Components in the Trading Book (Table SEC2)
a b c e f g i j k
Bank as originator Bank as Sponsor Bank as Investor
Traditional Synthetis Subtotal Traditional Synthetis Subtotal Traditional Synthetis Subtotal
1 Retail (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Mortgage loan
b. Credit card
c. Others retail exposure
d. Re-securitisation
2 Wholesale (total): (-) (-) (-) (-) (-) (-) (-) (-) (-)
a. Corporate Loan
b. Commercial Loan
c. Rent and Account
Receivable
d. Other Wholesale
e. Re-securitisation
Qualitative Analysis
NIL
i j k l m n o p q
ATMR (by Regulatory Approach) Capital Charge after Cap
1,250% IRB RBA IRB SFA SA/SSFA 1,250% IRB RBA IRB SFA SA/SSFA 1,250%
(-) (-) (-) (-) (-) (-) (-) (-) (-)
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FF: CREDIT RISK
Securitisation Exposure in the banking book and its capital requirements - Bank acting as Investor (SEC4)
a b c d e f g h
Exposure Value (by Risk Weighting) Exposure Values (by Regulatory Approach)
>50% to >100% to
≤20% >20% to 50% 1,250%
100% <1,250%
Weighted Weighted Weighted IRB RBA IRB SFA SA/SSFA
Weighted Weighted
Risk Risk Risk
Risk Risk
Total Exposure (-) (-) (-) (-) (-) (-) (-) (-)
1 Traditional Securitisation
a. Where underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
2 Synthesis Securitisation
a. Where the underlying
securitisation
(1) Retail
(2) Non Retail
b. Where re-securitisation
(1) Senior
(2) Non-senior
Qualitative Analysis
NIL
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i j k l m n o p q
ATMR (by Regulatory Approach) Capital Charge after Cap
1,250% IRB RBA IRB SFA SA/SSFA 1,250% IRB RBA IRB SFA SA/SSFA 1,250%
(-) (-) (-) (-) (-) (-) (-) (-) (-)
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CRA: MARKET RISK
General Qualitative Disclosure of Credit Risk
Credit risk is the risk of loss due to the failure of other parties in g. Re-mapping FSCM (Financial Supply Chain Management)
fulfilling their obligations in accordance with the agreed credit as part of the Transaction Banking ecosystem to provide
facility. Included in Credit Risk are credit risk due to debtor integrated financing solutions to customers (end to end
failure, credit concentration risk, counterparty credit risk, ecosystem financing).
settlement risk, and country risk. h. Playing an active role in helping customers transition to
sustainable financing practices as part of the Bank’s ESG
Business Model roadmap.
The Bank focuses its credit disbursement on sectors deemed
“attractive” in accordance with the established risk posture and 2. Credit Disbursement Strategy in CFS Banking
includes sectors that are the backbone of national economic a. Growth in the Non-Retail segment:
growth. The Global Banking and CFS Banking segments are i. Business Banking (BB): Focus on winning industries,
expected to contribute significantly to credit growth in 2024. The pipeline growth in branch offices and referrals, trade
Bank’s strategy for growing its credit during 2024 is as follows: financing, as well as increasing customer retention.
1. Credit Disbursement Strategy in Global Banking ii. SME+: Focus on increasing NTB acquisition and
a. Increasing the profitability of the Global Banking branch office referrals.
segment credit portfolio, especially through rearranging iii. RSME: Business development by utilising branch
target segmentation and focusing on solutions to networks and data analytics to generate leads and
customer needs as well as increasing the customer base. optimise RSME loyalty programs.
b. Focusing on sectors that have better profitability and b. Continue the growth in the Retail Segment
provide a fairly high business flow to the Bank as well i. Mortgage: strengthening relationships with housing
as building frontliner capabilities in terms of “industry developers and property agents, improving credit
experts.” scoring parameters, sharpening the Unique Value
a. Large Corporate Segment (LLC): Property, Gold and Proposition (UVP) for segments with larger ticket
Nickel Mining and Green Energy. sizes.
b. State-Owned Enterprise (SOE) Segment: maintaining ii. Auto: Aggressive growth in automotive financing
the existing portfolio. (KPM) including subsidiaries with increasing asset
c. FIG Segment: Focuses on large multifinance growth towards strengthening national consumption
companies, securities and fintech. capacity.
c. Focusing on obligor groups to accelerate penetration to iii. Card: Encouraging increased acquisition through
strategic customers. digital banking and co-branding to expand the
d. Offering interest rate swap products or refinancing of portfolio in the Credit Card segment including
term loans with fluctuating interest rates (floating rates) Personal Loan (PITA).
to fixed interest rates.
e. Acceleration of the credit approval process through The non-retail segment includes credit sourced from the target
empowerment and improvement of front liner market, with a diverse and complex nature, thus requiring a more
capabilities in conducting more in-depth credit analysis in-depth risk analysis, and determining the appropriate facility
and adding to the credit approval committee schedules, structure and covenants. Generally, debtors in this segment are
focusing on strengthening the account planning process corporate/commercial, Financial Institutions (“LK”)/Non-Bank LK
to identify customer needs. (“LKBB”) and Sovereign.
f. Collaboration with Transaction Banking, Global Market,
and Shariah Unit to provide and offer “Synthetic The credit process in this segment begins with a target market
financing” to customers at more competitive prices. analysis based on an industry study by considering industry limits
to manage credit concentration risk in each industry group and
also functions as a control medium that ensures the provision
of funds in accordance with the predetermined target market.
Furthermore, credit initiation is carried out, followed by a credit
analysis process that includes quantitative and qualitative
analysis, as well as an analysis of the collateral/guarantee, which
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Governance Responsibility
is then continued with a review process and decision-making Risk Appetite Statements (RAS) are a comprehensive description
using the four-eyes principle involving business functions and of the risk appetite for all material risks inherent in the Bank’s
review functions. Continuous account management is carried out activities. Risk Appetite Statements (RAS) translate risk appetite
through regular monitoring and reviews with the help of various into risk limits and controls to manage risk exposures originating
supporting tools so that immediate follow-up can be carried out from the Bank’s business activities.
on these accounts.
Regarding credit risk limits, the Bank has established credit
Meanwhile, the retail credit process moves systematically by authorities based on the level of risk and credit facility limits
relying on data from the Credit Bureau, SLIK, and Scoring Model, (credit committee authority (KK), Joint Authority Limit (JAL), and
as well as risk cut-offs, which are formed based on the results Single Authority Limit (SAL)) which are responsible for, among
of Portfolio Analytics. The credit process is directed towards others:
automation and is increasingly moving towards digitalisation 1. Evaluating and making decisions for loan proposals.
to reduce manual judgment and the potential for human error 2. Reviewing disbursement plan which is linked to the Bank’s
in the process. This is due to the nature of the mass market liquidity adequacy.
and population segmentation assessment of Retail Credit Risk 3. Reviewing limits, internal ratings, and others related to the
Supervision. Bank’s asset.
Therefore, in managing retail credit risk, the Bank continues to Credit Risk Management Structure and
pursue the development of data science, as we have done so far. Organisation
The aim is to be more precise in developing the Retail Credit Risk In terms of credit risk management, the Bank has established a
Supervision process, which includes the following components: credit policy architecture that can be used as a guideline in the
a. Population and Segmentation movement Analytics, which context of standardising policies, provisions, and procedures at
is used for in-depth analysis of the quality movement of each stage of the credit process as below:
each product as well as profiling behavior of the population
segments,
Credit Risk Framework (KKRK)
b. Continue Model assessment, to see whether the current
model is still applicable or whether recalibration or model
redevelopment must be carried out,
Level 2A
c. Products assessment against target market, Credit/Financing Policy per Business Segment
d. Efforts for Digitalisation directed towards developing AI
Modeling as a future goal, Level 2B
e. Improvement on customer experience without sacrificing Credit Underwriting Standard (CUS) & Product Development
Assessment (PDA)
predetermined Risk Appetite.
Adequacy of Risk Management Policies, Level 3
Credit Policy
Procedures and Limit Determination
Effective implementation of Risk Management must be
supported by a framework that includes Risk Management 1. Credit Risk Framework (KKRK) – is the primary or umbrella
policies and procedures as well as clearly defined risk limits, in policy for credit that regulates general policies that must
line with the Bank’s vision, mission, and business strategy. The be implemented Bankwide and as a basis for determining
preparation of Risk Management policies and procedures is derivative policies.
carried out by considering, among others, the type, complexity 2. Credit/Financing Policy per Business Segment, CUS & PDA –
of business activities, risk profile, and risk appetite, as well as is a credit policy that regulates Business Segmentation/Cross
regulations set by authorities and/or sound banking practices. Work Units/Program Products and is derived from the Credit
In addition, the implementation of the Bank’s Risk Management Risk Framework (KKRK).
policies and procedures must be supported by adequate capital 3. Credit Procedures – are implementation instructions that
and quality of human resources. contain written guidelines that regulate in detail, including
but not limited to credit operations, program product
transactions, and control activities in each Work Unit
function related to credit.
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Credit Risk Management, Risk Control, evaluation of each credit proposal submitted by a Business Unit
Compliance, and Internal Audit Functions in a certain amount, both per debtor and per debtor group,
Credit risk can arise from various banking functional activities, to ensure that all risks have been identified and mitigated. At
such as risks arising from the lending/financing to debtors/ this evaluation stage, the Risk Management Unit also uses
customers, as well as from treasury, investment, and trade the industry Risk Acceptance Criteria (RAC), which has been
financing activities. designed for several specific industries as an initial filter in the
credit granting process, which also includes an assessment
In order to mitigate the potentially significant impacts, the of the Environment, Social, and Government (ESG) aspects.
Bank must manage credit risk well at the debtor level and at the Furthermore, the Credit Risk Management Unit provides
portfolio level in all of the Bank’s functional activities. In addition recommendations on the feasibility of the proposal and, if
to account monitoring carried out by the Business Unit on a daily necessary, sets additional conditions/requirements to mitigate
basis, the Risk Management Work Unit also manages credit risk potential credit risks that may arise from the granting of the
separately, both functionally and organisationally to ensure the credit. Recommendations for credit applications are forwarded
integrity of the risk assessment process. by the Credit Risk Management Unit to the Credit Committee.
Credit applications below a certain amount are handled directly
Through a strong credit culture that includes clear credit by the business units in accordance with the delegation of
policies, comprehensive credit evaluations, and good portfolio authority granted. Credit approval authority held by the
management, the Bank continuously evaluates portfolio credit business unit is periodically reviewed and evaluated based on
risk and reviews it with business units together with the risk criteria recommended by the Credit Risk Management Unit and
management unit and is actively supervised by management. discussed further for approval by the Committee/Authorised
Furthermore, with the aim of increasing credit competency and Officer.
ensuring credit staff’s understanding of applicable credit policies,
the Risk Management Work Unit related to Credit continuously In addition to providing recommendations in the credit
holds credit analysis training and socialisation of credit policies, application process, the Credit Risk Management Unit also
both at the head office and branches. This work unit also monitors credit quality for all Bank’s non-retail portfolios by
periodically invites industry practitioners as speakers to provide paying attention to early indications of a possible decline in
the latest information regarding the conditions of the industries credit quality that may arise due to changes in market, industry
that are the Bank’s focus. outlook, macroeconomic, and regulatory conditions.
The Credit Risk Management Unit also ensures that Business
In its aim to provide better and more effective services, as well Units regularly oversee the quality of the Bank’s credit portfolio
as to support healthy business growth and generate sustainable through a mechanism called the Early Alert Mechanism (EAM)
profits while maintaining the principle of prudence, the Credit which is a method of early detection of customer conditions
Risk Management Unit in collaboration with the Business Unit through a series of questions called an early alert checklist,
to improve credit/financing policies to ensure better credit risk which must be assessed by the Business Unit when conducting a
management, evaluate credit approval authority limits, and business visit.
ensure that the credit underwriting, evaluation, and credit risk
mitigation processes are carried out in accordance with these The outcomes of the business visit are presented through a
credit policies. web-based media (Call Report system) and can be processed for
further follow-up by both the Business Unit and the Credit Risk
Within the Business Unit, an Embedded Risk Unit (ERU) has Management Unit to monitor any indications of deterioration in
also been established to strengthen the management of daily the quality of credit customers and to propose needed measures.
risks inherent in the business and/or its activities through Monitoring is also carried out through a past due monitoring
effective implementation and compliance with risk management mechanism where a debtor who is past due in his obligations
frameworks, policies, procedures, and controls. so that measures can be taken as soon as possible. In addition,
to further improve the credit quality monitoring process,
An effective credit approval process has enabled an optimal the Credit Risk Management Unit has also formed the Asset
credit decision process, where in addition to the establishment of Quality Committee, which functions to discuss the conditions of
the Credit Committee, the Bank also determines the delegation accounts and decide upon action plans to mitigate the impact of
of authority in the form of Joint Authority Limit (JAL) and Single credit risk.
Authority Limit (SAL) in the implementation of credit approval.
The Credit Risk Management Unit conducts an independent
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To optimise the risk control process, the Credit Risk Management Settlement risk is mitigated through transaction settlement
Unit continuously reviews, develops, and improves the systems mechanisms such as Good Fund Basis, Payment versus Payment
and tools used as risk monitoring tools on an annual basis. As (PvP), or Delivery versus Payment (DvP). Moreover, the Bank
a tool to maximise the process of evaluating, monitoring, and also develops and oversees collateral or determines margins in
controlling credit risk, a web-based media called the Monitoring derivative transactions as an effort to mitigate CCR risk.
and Tracking system (abbreviated as MTREX) has been Furthermore, from the compliance perspective, the Compliance
developed. Work Unit continues to review, provide advice, evaluate, and
ensure that all Bank policies and procedures meet applicable
Credit risk management for the retail segment is also carried regulatory requirements. The Compliance Work Unit routinely
out through the Loan Origination System (LOS) of each product, conducts Compliance Plan Self Assessment (CPSA) every 6 (six)
where the parameters and criteria owned by each product are months to measure the compliance level of all Branch Office
implemented in a system managed and regulated by the risk work units, as well as conducting Compliance Testing to Branch
management unit. Offices/Work Units.
In addition, the Bank specifically also manages counterparty The internal control system in implementing risk management
credit risk (CCR), which is a credit risk exposure on transactions includes:
in the Global Market (Treasury) with other parties, whether a. Suitability between the internal control system and the type
related to Pre-Settlement Risk (PSR) and/or credit risk due to and level of risk inherent in the bank’s business activities.
settlement risk. b. Determination of authority and responsibility for monitoring
compliance with policies, procedures, and limits.
The principle of CCR management begins with the establishment c. Establishing of reporting lines and clear separation of
of effective governance such as the availability of policies functions from operational work units to work units that
as well as detailed descriptions of tasks, responsibilities and carry out control functions.
authorities of all stakeholders (Committees, risk taking units, d. An organisational structure that clearly describes the duties
risk management units and other units involved, including the and responsibilities of each unit and individual.
Internal Audit Work Unit/SKAI). Then supported by a strong risk e. Business units are required to submit reports or information
management process, such as identification, risk measurement regarding risk exposure managed by the business unit
through the determination of PSR and its limits, as well as the concerned to the Risk Management Work Unit on a regular
monitoring and reporting process of the risk exposure. basis. Accurate and timely financial reporting and operational
PSR is the risk where the counterparty fails before settlement, activities.
thereby terminating the contract prematurely. PSR may cause
the replacement cost risk, which is the potential cost of replacing Another mitigation effort includes involving the Internal Audit
a previous transaction, arising from market price fluctuations and Work Unit (SKAI) to provide reasonable assurance through
is generally in a certain percentage of the transaction amount. independent assessment, review, and validation.
Information on Credit Risk Exposure Reporting and Credit Risk
The PSR Factor is calculated based on the movement or volatility Management Functions to the Board of Directors and Board of
of market price (exchange rates, interest rates) from historical Commissioners.
data one year before by using certain confidence intervals and is
determined for each product or financial instrument, currency, It has been regularly reported in the agenda of the Risk
and transaction period. The amount of PSR factor will be Management Committee (RMC) or Risk Oversight Committee
reviewed periodically or should there be significant changes or (ROC).
market price movements.
Settlement Risk is the risk of failure to deliver cash and/or
financial instruments on the agreed settlement date of a financial
instrument sale and/or purchase transaction, which is influenced
by settlement arrangements such as exchange time, payment
method, role of an intermediary, and clearing house. The amount
of risk is calculated by the full payment amount on a certain
settlement date. Determination of the daily settlement limit is
used to limit the number of counterparty settlements within one
day.
2024 Annual Report PT Bank Maybank Indonesia Tbk 329
Page 332
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CR1: MARKET RISK
Disclosure of Credit Quality over Asset
1. Bank only
December 2024
Allowance for impairment
Gross Carrying Value Allowance Allowance
losses Net
for for
Non Receivables
Past Due impairment Stage 2 & impairment
Past Due Stage 1 (a+b-d)
Receivables losses Stage 3 losses
Receivables
a b c d e f g
1 Credit 3,094,550 111,170,610 3,810,663 2,870,752 939,911 111,394,408
2 Securities 0 25,985,983 1,015 0 1,015 25,985,983
3 Other Off-Balance Sheet 295 51,488,458 138,448 14,819 123,629 51,473,934
4 TOTAL 3,094,845 188,645,051 3,950,126 2,885,571 1,064,555 188,854,325
2. Bank Consolidated with Subsidiaries
December 2024
Allowance for impairment
Gross Carrying Value Allowance Allowance
losses Net
for for
Non Receivables
Past Due impairment Stage 2 & impairment
Past Due Stage 1 (a+b-d)
Receivables losses Stage 3 losses
Receivables
a b c d e f g
1 Credit 3,247,984 124,944,708 4,075,248 2,998,601 1,076,647 125,194,091
2 Securities 0 25,860,789 1,015 0 1,015 25,860,789
3 Other Off-Balance Sheet 295 51,488,458 138,448 14,819 123,629 51,473,934
4 TOTAL 3,248,279 202,293,955 4,214,711 3,013,420 1,201,291 202,528,814
3. Additional Disclosures
The Bank defines matured receivables as receivables where the debtor is unable to meet payments according to the contract terms,
while receivables are impaired when a receivable experiences a significant increase in credit risk, resulting in objective evidence
of impairment, including contractual payment arrears exceeding 90 days, having an internal default rating, collectability that has
become non-performing loans (NPLs), and when restructuring occurs due to increased credit risk.
In accordance with SE OJK No. 24/03/2021, the allowance for impairment loss (CKPN) taken into account in the calculation of net
claims are Stage 2 and Stage 3 CKPN.
330 2024 Annual Report
Page 333
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(in million rupiah)
December 2023
Allowance for impairment
Gross Carrying Value Allowance Allowance
losses Net
for for
Non Receivables
Past Due impairment Stage 2 & impairment
Past Due Stage 1 (a+b-d)
Receivables losses Stage 3 losses
Receivables
a b c d e f g
3,041,639 99,951,425 3,378,976 2,329,878 1,049,098 100,663,186
0 29,267,341 397 0 397 29,267,341
1,412 36,321,448 116,061 23,362 92,699 36,299,498
3,043,051 165,540,214 3,495,434 2,353,240 1,142,194 166,230,025
(in million rupiah)
December 2023
Allowance for impairment
Gross Carrying Value Allowance Allowance
losses Net
for for
Non Receivables
Past Due impairment Stage 2 & impairment
Past Due Stage 1 (a+b-d)
Receivables losses Stage 3 losses
Receivables
a b c d e f g
3,198,320 113,413,639 3,651,241 2,462,384 1,188,857 114,149,575
0 29,114,483 397 0 397 29,114,483
1,412 36,321,448 116,061 23,362 92,699 36,299,498
3,199,732 178,849,570 3,767,699 2,485,746 1,281,953 179,563,556
2024 Annual Report PT Bank Maybank Indonesia Tbk 331
Page 334
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CR2: MARKET RISK
Disclosures of Past Due Credit and Securities Movements
1. Bank only (in million rupiah)
December 2024 December 2023
1 Past Due Credit and Securities in prior reporting 10,006,772 11,892,380
2 Past Due Credit and Securities since prior reporting 115,827 79,377
3 Credit and Securities Restated to Not Past Due Receivables 24,026 38,850
4 Written-Off 7,003,728 8,889,856
5 Other Changes 0 0
6 Past Due Credit and Securities for end of reporting period (1+2-3-4+5) 3,094,845 3,043,051
2. Bank Consolidated with Subsidiaries (in million rupiah)
December 2024 December 2023
1 Past Due Credit and Securities in prior reporting 10,038,487 11,946,282
2 Past Due Credit and Securities since prior reporting 239,489 184,292
3 Credit and Securities Restated to Not Past Due Receivables 25,969 40,986
4 Written-Off 7,003,728 8,889,856
5 Other Changes 0 0
6 Past Due Credit and Securities for end of reporting period (1+2-3-4+5) 3,248,279 3,199,732
3. Additional Disclosure
There was an increase in credit and securities that had matured since the last reporting period compared to those that have returned
to being undue receivables.
The write-off value is the cumulative debit balance in the reporting month.
The mutation data for Subsidiaries based on the latest quarterly reporting data as of September 2024.
332 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
CRB (A): MARKET RISK
Additional Qualitative Disclosure related to the quality of credit on Assets
The Bank defines matured receivables as receivables where the debtor is unable to meet payments according to contract terms, while
receivables experiencing impairment occur when a receivable undergoes a significant increase in credit risk, resulting in objective
evidence of impairment. This includes contractual payment arrears exceeding 90 days, having an internal default rating, non-performing
collectability, and when restructuring occurs due to increased credit risk.
In calculating CKPN, the Bank adheres to PSAK 71, which is the accounting standard governing the recognition and measurement of
financial instruments implemented in accordance with the Bank’s internal policies for measuring, monitoring, and managing its financial
assets. The Bank establishes CKPN, which is the expected credit loss of financial assets for 12 months or their entire life, based on the
staging of each financial asset owned, with an approach that includes:
- Collective approach for a portfolio of financial assets that are not individually significant but have similar credit risk characteristics
and are homogenous, as well as individually significant financial assets that do not have objective evidence of impairment.
- Individual approach for individually significant financial assets with objective evidence of impairment.
In calculating using the collective approach, the Bank groups portfolios of financial assets with similar risk characteristics. For most of
the financial asset portfolios held, the Bank uses leverage from Basel models (PD (Probability of Default), LGD (Loss Given Default),
EAD (Exposure at Default)) adjusted to PSAK 71. PD, LGD, and EAD are built based on statistical models from historical data for each risk
group. Statistical methods used include Cohort, Vintage, and Migration methods.
2024 Annual Report PT Bank Maybank Indonesia Tbk 333
Page 336
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B.1): MARKET RISK
Disclosure of Net Receivables by Region
1. Bank Only
Net Receivable by region
No. Portfolio Category
Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns 0 0 0 47,330,637 0
2 Receivables to Public Sector Entities 1,505,795 0 163,951 2,738,195 531,738
Receivables to Multilateral Development Banks and International
3 0 0 0 0 0
Institutions
4 Receivables on Banks 7,081 743,764 173,985 8,501,420 29,384
5 Receivables by Covered Bond 0 0 0 0 0
Receivables to Securities Companies and Other Financial Services
6 34,616 0 0 12,151,444 828,578
Institutions
Receivables in the Form of Subordinated Securities, Equity, and
7 0 0 0 35,678 0
Other Capital Instruments
8 Loans Secured by Residential Property 1,113,223 673,030 1,623,916 2,207,464 1,887,858
9 Loans Secured by Commercial Property 3,169,340 1,541,462 1,450,116 3,474,811 2,054,294
10 Credit for Land Acquisition, Soil Processing, and Construction 0 0 0 0 0
11 Employee/Retiree Loans 0 0 0 0 0
12 Receivables on Micro Business, Small Business, and Retail Portfolio 2,450,370 1,224,128 1,142,273 2,683,737 1,974,706
13 Receivables on Corporates 4,325,756 522,038 559,689 11,292,717 2,141,937
14 Past Due Receivables 115,601 75,824 116,684 125,920 68,600
15 Other Assets 424,305 243,790 299,704 4,953,819 510,922
TOTAL 13,146,087 5,024,036 5,530,318 95,495,842 10,028,017
1. Bank Only
Net Receivable by region
No. Portfolio Category
Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns 0 0 0 36,893,853 0
2 Receivables to Public Sector Entities 2,342,838 0 392,169 5,311,310 0
Receivables to Multilateral Development Banks and International
3 0 0 0 0 0
Institutions
4 Receivables on Banks 12,238 742,703 96,562 6,787,796 5,360
5 Receivables by Covered Bond 0 0 0 0 0
Receivables to Securities Companies and Other Financial Services
6 54,490 0 0 10,606,242 852,275
Institutions
Receivables in the Form of Subordinated Securities, Equity, and
7 0 0 0 8,289 0
Other Capital Instruments
8 Loans Secured by Residential Property 1,076,358 634,329 1,447,688 2,073,536 1,804,824
9 Loans Secured by Commercial Property 2,862,461 1,453,780 1,138,292 2,868,664 1,651,129
10 Credit for Land Acquisition, Soil Processing, and Construction 0 0 0 0 0
11 Employee/Retiree Loans 0 0 0 0 0
12 Receivables on Micro Business, Small Business, and Retail Portfolio 2,014,002 1,040,550 986,301 2,068,687 1,736,575
13 Receivables on Corporates 3,814,674 287,717 798,770 8,400,533 2,407,389
14 Past Due Receivables 149,564 75,373 151,490 154,433 152,806
15 Other Assets 404,049 228,060 292,660 4,604,355 496,305
TOTAL 12,730,674 4,462,512 5,303,932 79,777,698 9,106,663
334 2024 Annual Report
Page 337
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
31 December 2024
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
0 0 0 0 0 222,088 47,552,725
0 1,532,033 0 0 3,418,426 0 9,890,138
0 0 0 0 0 0 0
505,477 27,028 1 816,703 68,088 234,803 11,107,734
0 0 0 0 0 0 0
0 0 0 0 50,000 0 13,064,638
0 0 0 0 0 0 35,678
1,213,012 2,489,286 550,663 856,908 7,603,967 0 20,219,327
2,593,995 4,726,914 1,772,478 2,630,280 4,076,540 0 27,490,230
0 0 0 0 0 0 0
0 0 0 0 0 0 0
802,025 1,900,996 571,625 608,881 2,820,211 329,943 16,508,895
657,670 2,948,699 430,279 2,996,975 3,953,270 537,174 30,366,204
234,668 279,914 141,904 161,148 348,650 0 1,668,913
542,526 840,519 293,560 404,619 211,770 24,471 8,750,005
6,549,373 14,745,389 3,760,510 8,475,514 22,550,922 1,348,479 186,654,487
31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
0 0 0 0 0 136,447 37,030,300
100,000 1,436,755 0 0 3,305,725 0 12,888,797
0 0 0 0 0 0 0
0 14,443 1 801,170 26,849 46,224 8,533,346
0 0 0 0 0 0 0
0 0 0 0 0 0 11,513,007
0 0 0 0 0 0 8,289
1,162,282 2,375,710 525,951 789,091 7,174,645 0 19,064,414
1,625,141 4,780,267 1,296,861 1,557,276 2,797,187 0 22,031,058
0 0 0 0 0 0 0
0 0 0 0 0 0 0
629,149 1,715,590 449,684 521,220 2,452,965 151,390 13,766,113
771,359 2,283,605 725,944 390,819 3,996,249 296,999 24,174,058
271,420 316,348 200,474 176,101 351,347 0 1,999,356
464,670 767,501 272,871 312,397 183,206 19,279 8,045,353
5,024,021 13,690,219 3,471,786 4,548,074 20,288,173 650,339 159,054,091
2024 Annual Report PT Bank Maybank Indonesia Tbk 335
Page 338
Main Highlights Management Report Company Profile Management Discussion
and Analysis
2. Bank Consolidated with Subsidiaries
Net Receivable by region
No. Portfolio Category
Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns 0 0 0 47,330,637 0
2 Receivables to Public Sector Entities 1,505,795 0 163,951 2,738,195 531,738
Receivables to Multilateral Development Banks and International
3 0 0 0 0 0
Institutions
4 Receivables on Banks 7,081 743,764 174,271 8,682,610 29,384
5 Receivables by Covered Bond 0 0 0 0 0
Receivables to Securities Companies and Other Financial Services
6 34,616 0 0 12,025,949 625,146
Institutions
Receivables in the Form of Subordinated Securities, Equity, and
7 0 0 0 195,182 0
Other Capital Instruments
8 Loans Secured by Residential Property 1,113,223 673,030 1,623,916 2,207,464 1,887,858
9 Loans Secured by Commercial Property 3,169,340 1,541,462 1,450,116 3,474,811 2,054,294
10 Credit for Land Acquisition, Soil Processing, and Construction 0 0 0 0 0
11 Employee/Retiree Loans 0 0 0 0 0
12 Receivables on Micro Business, Small Business, and Retail Portfolio 3,234,992 1,629,454 7,405,944 3,323,415 2,831,895
13 Receivables on Corporates 4,449,466 658,735 582,060 11,622,037 4,753,872
14 Past Due Receivables 118,627 82,176 172,385 127,608 73,544
15 Other Assets 424,305 243,790 299,704 5,440,092 510,922
TOTAL 14,057,445 5,572,411 11,872,347 97,168,000 13,298,653
2. Bank Consolidated with Subsidiaries
Net Receivable by region
No. Portfolio Category
Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns 0 0 0 36,893,853 0
2 Receivables to Public Sector Entities 2,342,838 0 392,169 5,311,310 0
Receivables to Multilateral Development Banks and International
3 0 0 0 0 0
Institutions
4 Receivables on Banks 12,238 742,703 96,960 6,911,562 5,360
5 Receivables by Covered Bond 0 0 0 0 0
Receivables to Securities Companies and Other Financial Services
6 54,490 0 0 10,213,328 850,099
Institutions
Receivables in the Form of Subordinated Securities, Equity, and
7 0 0 0 167,793 0
Other Capital Instruments
8 Loans Secured by Residential Property 1,076,358 634,329 1,447,688 2,073,536 1,804,824
9 Loans Secured by Commercial Property 2,862,461 1,453,780 1,138,292 2,868,664 1,651,129
10 Credit for Land Acquisition, Soil Processing, and Construction 0 0 0 0 0
11 Employee/Retiree Loans 0 0 0 0 0
12 Receivables on Micro Business, Small Business, and Retail Portfolio 2,901,806 1,551,971 7,332,688 2,580,395 2,461,000
13 Receivables on Corporates 3,914,189 407,842 834,205 8,749,114 4,484,727
14 Past Due Receivables 152,786 77,468 205,604 154,676 160,671
15 Other Assets 404,049 228,060 292,660 5,029,529 496,305
TOTAL 13,721,215 5,096,153 11,740,266 80,953,760 11,914,115
336 2024 Annual Report
Page 339
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
31 December 2024
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
0 0 0 0 0 222,088 47,552,725
0 1,532,033 0 0 3,418,426 0 9,890,138
0 0 0 0 0 0 0
505,477 27,187 1 816,703 68,088 234,803 11,289,369
0 0 0 0 0 0 0
0 0 0 0 50,000 0 12,735,711
0 0 0 0 0 0 195,182
1,213,012 2,489,286 550,663 856,908 7,603,967 0 20,219,327
2,593,995 4,726,914 1,772,478 2,630,280 4,076,540 0 27,490,230
0 0 0 0 0 0 0
0 0 0 0 0 0 0
965,561 2,299,345 672,379 757,094 3,429,275 329,943 26,879,297
677,912 3,041,294 454,934 3,018,244 4,126,431 537,174 33,922,159
235,508 281,182 141,948 161,490 351,061 0 1,745,529
542,526 840,519 293,560 404,619 211,770 24,471 9,236,278
6,733,991 15,237,760 3,885,963 8,645,338 23,335,558 1,348,479 201,155,945
31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
0 0 0 0 0 136,447 37,030,300
100,000 1,436,755 0 0 3,305,725 0 12,888,797
0 0 0 0 0 0 0
0 14,443 1 801,170 26,849 46,224 8,657,510
0 0 0 0 0 0 0
0 0 0 0 0 0 11,117,917
0 0 0 0 0 0 167,793
1,162,282 2,375,710 525,951 789,091 7,174,645 0 19,064,414
1,625,141 4,780,267 1,296,861 1,557,276 2,797,187 0 22,031,058
0 0 0 0 0 0 0
0 0 0 0 0 0 0
851,010 2,193,758 568,207 689,450 3,101,973 151,390 24,383,648
795,531 2,390,192 753,381 422,615 4,161,425 296,999 27,210,220
272,966 319,088 200,802 177,144 352,675 0 2,073,880
464,670 767,501 272,871 312,397 183,206 19,279 8,470,527
5,271,600 14,277,714 3,618,074 4,749,143 21,103,685 650,339 173,096,064
2024 Annual Report PT Bank Maybank Indonesia Tbk 337
Page 340
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B.2): MARKET RISK
Disclosure of Net Receivables by Economic Sector
1. Bank Only
Receivables
Receivables to to Securities
Multilateral Companies
No. Economic Sector Receivables to Receivables
Receivables on Development Receivables on and
Public Sector by Covered
Sovereigns Banks and Banks Other
Entities Bond
International Financial
Institutions Services
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting, and Fishery 0 0 0 0 0 0
2 Mining and Quarrying 0 0 0 0 0 0
3 Processing Industry 0 3,531,705 0 0 0 0
4 Electricity, Gas, Hot Air, and Cold Air 0 2,009,504 0 0 0 0
5 Water Management, Waste Management, 0 0 0 0 0 0
Garbage Management and Recycling
6 Construction 0 3,768,426 0 0 0 0
7 Wholesale and Retail Trading; Motorcycle and 0 0 0 0 0 0
Automobile and Maintenance
8 Transportation & Warehouse 0 0 0 0 0 0
9 Accommodation and Restaurant 0 0 0 0 0 0
10 Information and Communication 0 0 0 0 0 0
11 Activities in Finance and Insurance 47,330,636 183,879 0 11,107,733 0 13,064,358
12 Real estate 0 0 0 0 0 0
13 Professional, Science, and Technical Activities 0 0 0 0 0 0
14 Activities in Lease and Lease without Option 0 0 0 0 0 0
Rights, Labor, Travel Agents, and Other Business
Support
15 Government, Defence, and Mandatory Social 0 0 0 0 0 0
Security
16 Education 0 0 0 0 0 0
17 Human Health and Social Activity 0 0 0 0 0 0
18 Arts, Entertainment, and Recreation 0 0 0 0 0 0
19 Activities in Other Services 0 0 0 0 0 0
20 Household Activities as Employer; 0 0 0 0 0 0
Activities which Generate Products or Services
by Household, Use for Fulfilling Self-Needs
21 Activities of International Agencies and Other 0 0 0 0 0 0
Extra-International Agencies
22 Household Activities 0 0 0 0 0 281
23 Non-Business 0 0 0 0 0 0
24 Others 222,088 396,624 0 0 0 0
TOTAL 47,552,724 9,890,138 0 11,107,733 0 13,064,639
338 2024 Annual Report
Page 341
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
31 Desember 2024
Receivables
Credit
in the Form of Receivables
for Land
Subordinated on Micro
Loans Secured Loans Secured Acquisition,
Securities, Employee/ Business, Receivables on Past Due
by Residential by Commercial Soil Other Assets
Equity, Retiree Loans Small Business Corporates Receivables
Property Property Processing,
and Other and Retail
and
Capital Portfolio
Construction
Instruments
(9) (10) (11) (12) (13) (14) (15) (16) (17)
0 60,982 479,591 0 0 36,594 514,453 25,339 0
0 0 573,820 0 0 1,381 5,054,431 1,593 0
0 902,094 7,492,210 0 0 246,980 10,192,103 251,791 0
0 2,997 98,122 0 0 1,499 1,644,070 3,147 0
0 4,643 161,763 0 0 130 0 0 0
0 310,139 1,079,836 0 0 88,632 1,075,235 102,207 0
0 3,009,810 10,420,201 0 0 1,049,562 3,998,720 569,744 0
0 147,565 406,939 0 0 61,632 379,977 12,933 0
0 68,603 1,052,646 0 0 109,551 63,304 16,684 0
0 92,909 118,308 0 0 344,206 1,286,911 1,759 0
0 0 6,450 0 0 2,340 455,157 1,862 0
0 324,644 2,654,737 0 0 474,211 1,297,221 14,654 0
0 116,940 288,361 0 0 115,778 233,155 11,634 0
0 251,069 658,243 0 0 152,698 1,388,393 18,649 0
0 0 0 0 0 0 8,800 0 0
0 5,846 16,438 0 0 9,740 4,538 0 0
0 30,988 156,181 0 0 19,606 32,868 0 0
0 51,461 95,099 0 0 26,221 6,558 11,091 0
0 2,713 11,166 0 0 544 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 14,835,927 1,720,117 0 0 13,759,623 1,388,897 605,113 0
0 0 0 0 0 1 0 1 0
35,677 0 0 0 0 7,965 1,341,415 20,713 8,750,004
35,677 20,219,330 27,490,228 0 0 16,508,894 30,366,206 1,668,914 8,750,004
2024 Annual Report PT Bank Maybank Indonesia Tbk 339
Page 342
Main Highlights Management Report Company Profile Management Discussion
and Analysis
1. Bank Only
Receivables
Receivables to to Securities
Multilateral Companies
No. Economic Sector Receivables to Receivables
Receivables on Development Receivables on and
Public Sector by Covered
Sovereigns Banks and Banks Other
Entities Bond
International Financial
Institutions Services
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting, and Fishery 0 0 0 0 0 0
2 Mining and Quarrying 0 304,888 0 0 0 0
3 Processing Industry 0 4,931,437 0 0 0 0
4 Electricity, Gas, Hot Air, and Cold Air 0 1,586,525 0 0 0 0
5 Water Management, Waste Management, 0 0 0 0 0 0
Garbage Management and Recycling
6 Construction 0 5,335,235 0 0 0 0
7 Wholesale and Retail Trading; Motorcycle and 0 0 0 0 0 0
Automobile and Maintenance
8 Transportation & Warehouse 0 0 0 0 0 0
9 Accommodation and Restaurant 0 0 0 0 0 0
10 Information and Communication 0 0 0 0 0 0
11 Activities in Finance and Insurance 36,893,853 226,097 0 8,533,346 0 11,513,006
12 Real estate 0 0 0 0 0 0
13 Professional, Science, and Technical Activities 0 0 0 0 0 0
14 Activities in Lease and Lease without Option 0 0 0 0 0 0
Rights, Labor, Travel Agents, and Other Business
Support
15 Government, Defence, and Mandatory Social 0 0 0 0 0 0
Security
16 Education 0 0 0 0 0 0
17 Human Health and Social Activity 0 0 0 0 0 0
18 Arts, Entertainment, and Recreation 0 0 0 0 0 0
19 Activities in Other Services 0 0 0 0 0 0
20 Household Activities as Employer; 0 0 0 0 0 0
Activities which Generate Products or Services
by Household, Use for Fulfilling Self-Needs
21 Activities of International Agencies and Other 0 0 0 0 0 0
Extra-International Agencies
22 Household Activities 0 0 0 0 0 0
23 Non-Business 0 0 0 0 0 0
24 Others 136,447 504,616 0 0 0 0
TOTAL 37,030,300 12,888,798 0 8,533,346 0 11,513,006
340 2024 Annual Report
Page 343
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
31 Desember 2023
Receivables
Credit
in the Form of Receivables
for Land
Subordinated on Micro
Loans Secured Loans Secured Acquisition,
Securities, Employee/ Business, Receivables on Past Due
by Residential by Commercial Soil Other Assets
Equity, Retiree Loans Small Business Corporates Receivables
Property Property Processing,
and Other and Retail
and
Capital Portfolio
Construction
Instruments
(9) (10) (11) (12) (13) (14) (15) (16) (17)
0 89,938 554,486 0 0 21,923 483,685 25,608 0
0 2,909 49,243 0 0 2,345 3,485,420 2,315 0
0 776,839 7,019,313 0 0 216,743 7,690,896 321,498 0
0 16,130 79,529 0 0 0 479,493 0 0
0 1,793 130,925 0 0 93 999 0 0
0 339,924 650,943 0 0 86,591 2,140,589 114,339 0
0 2,778,066 8,008,455 0 0 833,037 3,558,767 707,365 0
0 116,646 388,034 0 0 51,231 118,989 21,075 0
0 109,774 595,078 0 0 55,766 23,527 28,287 0
0 92,014 104,782 0 0 41,215 692,287 12,940 0
0 0 6,884 0 0 8,630 300,025 2,035 0
0 410,329 1,764,831 0 0 221,568 1,291,571 19,958 0
0 103,953 279,836 0 0 60,626 196,150 30,568 0
0 169,558 569,774 0 0 100,504 947,572 23,921 0
0 0 0 0 0 0 0 0 0
0 9,016 10,872 0 0 6,233 5,057 934 0
0 19,437 69,895 0 0 5,641 2,610 1,375 0
0 29,983 68,005 0 0 24,063 3,113 7,354 0
0 5,717 15,767 0 0 86 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 13,992,386 1,664,409 0 0 12,029,168 1,707,432 652,240 0
0 0 0 0 0 1 0 2 0
8,289 0 0 0 0 649 1,045,876 27,541 8,045,350
8,289 19,064,412 22,031,061 0 0 13,766,113 24,174,058 1,999,355 8,045,350
2024 Annual Report PT Bank Maybank Indonesia Tbk 341
Page 344
Main Highlights Management Report Company Profile Management Discussion
and Analysis
2. Bank Consolidated with Subsidiaries
Receivables
Receivables to to Securities
Multilateral Companies
No. Economic Sector Receivables to Receivables
Receivables on Development Receivables on and
Public Sector by Covered
Sovereigns Banks and Banks Other
Entities Bond
International Financial
Institutions Services
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting, and Fishery 0 0 0 0 0 0
2 Mining and Quarrying 0 0 0 0 0 0
3 Processing Industry 0 3,531,705 0 0 0 0
4 Electricity, Gas, Hot Air, and Cold Air 0 2,009,504 0 0 0 0
5 Water Management, Waste Management, 0 0 0 0 0 0
Garbage Management and Recycling
6 Construction 0 3,768,426 0 0 0 0
7 Wholesale and Retail Trading; Motorcycle and 0 0 0 0 0 0
Automobile and Maintenance
8 Transportation & Warehouse 0 0 0 0 0 0
9 Accommodation and Restaurant 0 0 0 0 0 0
10 Information and Communication 0 0 0 0 0 0
11 Activities in Finance and Insurance 47,330,636 183,879 0 11,289,367 0 12,735,686
12 Real estate 0 0 0 0 0 0
13 Professional, Science, and Technical Activities 0 0 0 0 0 0
14 Activities in Lease and Lease without Option 0 0 0 0 0 0
Rights, Labor, Travel Agents, and Other Business
Support
15 Government, Defence, and Mandatory Social 0 0 0 0 0 0
Security
16 Education 0 0 0 0 0 0
17 Human Health and Social Activity 0 0 0 0 0 0
18 Arts, Entertainment, and Recreation 0 0 0 0 0 0
19 Activities in Other Services 0 0 0 0 0 0
20 Household Activities as Employer; 0 0 0 0 0 0
Activities which Generate Products or Services
by Household, Use for Fulfilling Self-Needs
21 Activities of International Agencies and Other 0 0 0 0 0 0
Extra-International Agencies
22 Household Activities 0 0 0 0 0 27
23 Non-Business 0 0 0 0 0 0
24 Others 222,088 396,624 0 0 0 0
TOTAL 47,552,724 9,890,138 0 11,289,367 0 12,735,713
342 2024 Annual Report
Page 345
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
31 Desember 2024
Receivables
Credit
in the Form of Receivables
for Land
Subordinated on Micro
Loans Secured Loans Secured Acquisition,
Securities, Employee/ Business, Receivables on Past Due
by Residential by Commercial Soil Other Assets
Equity, Retiree Loans Small Business Corporates Receivables
Property Property Processing,
and Other and Retail
and
Capital Portfolio
Construction
Instruments
(9) (10) (11) (12) (13) (14) (15) (16) (17)
0 60,982 479,591 0 0 36,594 514,453 25,339 0
0 0 573,820 0 0 1,381 5,054,431 1,593 0
0 902,094 7,492,210 0 0 246,980 10,192,103 251,791 0
0 2,997 98,122 0 0 1,499 1,644,070 3,147 0
0 4,643 161,763 0 0 130 0 0 0
0 310,139 1,079,836 0 0 88,632 1,075,235 102,207 0
0 3,009,810 10,420,201 0 0 1,049,562 3,998,720 569,744 0
0 147,565 406,939 0 0 61,632 379,977 12,933 0
0 68,603 1,052,646 0 0 109,551 63,304 16,684 0
0 92,909 118,308 0 0 344,206 1,286,911 1,759 0
0 0 6,450 0 0 2,340 455,157 1,862 0
0 324,644 2,654,737 0 0 474,211 1,297,221 14,654 0
0 116,940 288,361 0 0 115,778 233,155 11,634 0
0 251,069 658,243 0 0 152,698 1,388,393 18,649 0
0 0 0 0 0 0 8,800 0 0
0 5,846 16,438 0 0 9,740 4,538 0 0
0 30,988 156,181 0 0 19,606 32,868 0 0
0 51,461 95,099 0 0 26,221 6,558 11,091 0
0 2,713 11,166 0 0 544 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 14,835,927 1,720,117 0 0 24,093,258 2,993,600 676,943 0
0 0 0 0 0 36,769 1,951,251 4,786 0
195,181 0 0 0 0 7,965 1,341,415 20,713 9,236,277
195,181 20,219,330 27,490,228 0 0 26,879,297 33,922,160 1,745,529 9,236,277
2024 Annual Report PT Bank Maybank Indonesia Tbk 343
Page 346
Main Highlights Management Report Company Profile Management Discussion
and Analysis
2. Bank Consolidated with Subsidiaries
Receivables
Receivables to to Securities
Multilateral Companies
No. Economic Sector Receivables to Receivables
Receivables on Development Receivables on and
Public Sector by Covered
Sovereigns Banks and Banks Other
Entities Bond
International Financial
Institutions Services
Institutions
(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting, and Fishery 0 0 0 0 0 0
2 Mining and Quarrying 0 304,888 0 0 0 0
3 Processing Industry 0 4,931,437 0 0 0 0
4 Electricity, Gas, Hot Air, and Cold Air 0 1,586,525 0 0 0 0
5 Water Management, Waste Management, 0 0 0 0 0 0
Garbage Management and Recycling
6 Construction 0 5,335,235 0 0 0 0
7 Wholesale and Retail Trading; Motorcycle and 0 0 0 0 0 0
Automobile and Maintenance
8 Transportation & Warehouse 0 0 0 0 0 0
9 Accommodation and Restaurant 0 0 0 0 0 0
10 Information and Communication 0 0 0 0 0 0
11 Activities in Finance and Insurance 36,893,853 226,097 0 8,657,510 0 11,117,917
12 Real estate 0 0 0 0 0 0
13 Professional, Science, and Technical Activities 0 0 0 0 0 0
14 Activities in Lease and Lease without Option 0 0 0 0 0 0
Rights, Labor, Travel Agents, and Other Business
Support
15 Government, Defence, and Mandatory Social 0 0 0 0 0 0
Security
16 Education 0 0 0 0 0 0
17 Human Health and Social Activity 0 0 0 0 0 0
18 Arts, Entertainment, and Recreation 0 0 0 0 0 0
19 Activities in Other Services 0 0 0 0 0 0
20 Household Activities as Employer; 0 0 0 0 0 0
Activities which Generate Products or Services
by Household, Use for Fulfilling Self-Needs
21 Activities of International Agencies and Other 0 0 0 0 0 0
Extra-International Agencies
22 Household Activities 0 0 0 0 0 0
23 Non-Business 0 0 0 0 0 0
24 Others 136,447 504,616 0 0 0 0
TOTAL 37,030,300 12,888,798 0 8,657,510 0 11,117,917
344 2024 Annual Report
Page 347
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
31 Desember 2023
Receivables
Credit
in the Form of Receivables
for Land
Subordinated on Micro
Loans Secured Loans Secured Acquisition,
Securities, Employee/ Business, Receivables on Past Due
by Residential by Commercial Soil Other Assets
Equity, Retiree Loans Small Business Corporates Receivables
Property Property Processing,
and Other and Retail
and
Capital Portfolio
Construction
Instruments
(9) (10) (11) (12) (13) (14) (15) (16) (17)
0 89,938 554,486 0 0 21,923 483,685 25,608 0
0 2,909 49,243 0 0 2,345 3,485,420 2,315 0
0 776,839 7,019,313 0 0 216,743 7,690,896 321,498 0
0 16,130 79,529 0 0 0 479,493 0 0
0 1,793 130,925 0 0 93 999 0 0
0 339,924 650,943 0 0 86,591 2,140,589 114,339 0
0 2,778,066 8,008,455 0 0 833,037 3,558,767 707,365 0
0 116,646 388,034 0 0 51,231 118,989 21,075 0
0 109,774 595,078 0 0 55,766 23,527 28,287 0
0 92,014 104,782 0 0 41,215 692,287 12,940 0
0 0 6,884 0 0 8,630 300,025 2,035 0
0 410,329 1,764,831 0 0 221,568 1,291,571 19,958 0
0 103,953 279,836 0 0 60,626 196,150 30,568 0
0 169,558 569,774 0 0 100,504 947,572 23,921 0
0 0 0 0 0 0 0 0 0
0 9,016 10,872 0 0 6,233 5,057 934 0
0 19,437 69,895 0 0 5,641 2,610 1,375 0
0 29,983 68,005 0 0 24,063 3,113 7,354 0
0 5,717 15,767 0 0 86 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 13,992,386 1,664,409 0 0 22,614,105 3,319,102 719,891 0
0 0 0 0 0 32,598 1,424,493 6,876 0
167,793 0 0 0 0 649 1,045,876 27,541 8,470,524
167,793 19,064,412 22,031,061 0 0 24,383,647 27,210,221 2,073,880 8,470,524
2024 Annual Report PT Bank Maybank Indonesia Tbk 345
Page 348
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B.3): MARKET RISK
Disclosure of Net Receivables by Contractual Maturity
1. Bank Only
31 December 2024
Net Receivables by Contractual Maturity
No. Portfolio Category
3 years to 5 Non -
< 1 year 1 year to 3 years > 5 years Total
years Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 20,364,836 5,067,138 2,414,337 9,010,055 10,696,358 47,552,724
2 Receivables to Public Sector Entities 1,569,659 3,318,648 4,713,812 288,020 0 9,890,139
3 Receivables to Multilateral Development 0 0 0 0 0 0
Banks and International Institutions
4 Receivables on Banks 5,486,733 1,873,788 818,922 537,538 2,390,751 11,107,732
5 Receivables by Covered Bond 0 0 0 0 0 0
6 Receivables to Securities Companies 5,827,155 5,856,317 1,216,178 164,989 0 13,064,639
and Other Financial Services Institutions
7 Receivables in the Form of Subordinated 0 0 0 0 35,677 35,677
Securities, Equity, and Other Capital
Instruments
8 Loans Secured by Residential Property 4,096,634 1,121,451 2,019,941 12,981,302 0 20,219,328
9 Loans Secured by Commercial Property 16,054,491 2,597,412 3,800,770 5,037,557 0 27,490,230
10 Credit for Land Acquisition, Soil 0 0 0 0 0 0
Processing, and Construction
11 Employee/Retiree Loans 0 0 0 0 0 0
12 Receivables on Micro Business, Small 4,834,079 6,166,161 5,023,816 481,930 2,907 16,508,893
Business, and Retail Portfolio
13 Receivables on Corporates 17,387,050 5,687,549 5,405,338 1,886,268 0 30,366,205
14 Past Due Receivables 808,451 169,267 182,551 508,538 109 1,668,916
15 Other Assets 0 0 0 0 8,750,004 8,750,004
TOTAL 76,429,088 31,857,731 25,595,665 30,896,197 21,875,806 186,654,487
346 2024 Annual Report
Page 349
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
1. Bank Only
31 December 2023
Net Receivables by Contractual Maturity
No. Portfolio Category
3 years to 5 Non -
< 1 year 1 year to 3 years > 5 years Total
years Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 13,121,331 4,756,498 2,227,068 8,773,297 8,152,106 37,030,300
2 Receivables to Public Sector Entities 3,125,219 6,026,905 3,638,926 97,748 0 12,888,798
3 Receivables to Multilateral Development 0 0 0 0 0 0
Banks and International Institutions
4 Receivables on Banks 3,167,484 2,182,788 619,986 492,763 2,070,326 8,533,347
5 Receivables by Covered Bond 0 0 0 0 0 0
6 Receivables to Securities Companies 4,004,646 4,899,048 2,609,295 17 0 11,513,006
and Other Financial Services Institutions
7 Receivables in the Form of Subordinated 0 0 0 0 8,289 8,289
Securities, Equity, and Other Capital
Instruments
8 Loans Secured by Residential Property 3,758,656 1,119,074 2,074,739 12,111,946 0 19,064,415
9 Loans Secured by Commercial Property 13,797,433 1,995,920 2,853,721 3,383,985 0 22,031,059
10 Credit for Land Acquisition, Soil 0 0 0 0 0 0
Processing, and Construction
11 Employee/Retiree Loans 0 0 0 0 0 0
12 Receivables on Micro Business, Small 3,767,283 5,503,822 4,076,399 414,709 3,902 13,766,115
Business, and Retail Portfolio
13 Receivables on Corporates 13,322,234 2,647,645 6,586,872 1,617,308 0 24,174,059
14 Past Due Receivables 1,010,389 191,749 158,753 638,381 83 1,999,355
15 Other Assets 0 0 0 0 8,045,350 8,045,350
TOTAL 59,074,675 29,323,449 24,845,759 27,530,154 18,280,056 159,054,093
2024 Annual Report PT Bank Maybank Indonesia Tbk 347
Page 350
Main Highlights Management Report Company Profile Management Discussion
and Analysis
2. Disclosure of Receivables and Provisioning by Region
31 December 2024
Net Receivables by Contractual Maturity
No. Portfolio Category
3 years to 5 Non -
< 1 year 1 year to 3 years > 5 years Total
years Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 20,364,836 5,067,138 2,414,337 9,010,055 10,696,358 47,552,724
2 Receivables to Public Sector Entities 1,569,659 3,318,648 4,713,812 288,020 0 9,890,139
3 Receivables to Multilateral Development 0 0 0 0 0 0
Banks and International Institutions
4 Receivables on Banks 5,667,968 1,873,788 819,322 537,538 2,390,751 11,289,367
5 Receivables by Covered Bond 0 0 0 0 0 0
6 Receivables to Securities Companies 5,796,772 5,760,369 1,013,582 164,989 0 12,735,712
and Other Financial Services Institutions
7 Receivables in the Form of Subordinated 0 0 0 0 195,181 195,181
Securities, Equity, and Other Capital
Instruments
8 Loans Secured by Residential Property 4,096,634 1,121,451 2,019,941 12,981,302 0 20,219,328
9 Loans Secured by Commercial Property 16,054,491 2,597,412 3,800,770 5,037,557 0 27,490,230
10 Credit for Land Acquisition, Soil 0 0 0 0 0 0
Processing, and Construction
11 Employee/Retiree Loans 0 0 0 0 0 0
12 Receivables on Micro Business, Small 6,385,911 12,521,246 7,388,666 580,565 2,907 26,879,295
Business, and Retail Portfolio
13 Receivables on Corporates 17,838,057 8,220,217 5,975,281 1,888,605 0 33,922,160
14 Past Due Receivables 825,205 214,279 197,263 508,675 109 1,745,531
15 Other Assets 0 0 0 0 9,236,277 9,236,277
TOTAL 78,599,533 40,694,548 28,342,974 30,997,306 22,521,583 201,155,944
348 2024 Annual Report
Page 351
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
2. Disclosure of Receivables and Provisioning by Region
31 December 2023
Net Receivables by Contractual Maturity
No. Portfolio Category
3 years to 5 Non -
< 1 year 1 year to 3 years > 5 years Total
years Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 13,121,331 4,756,498 2,227,068 8,773,297 8,152,106 37,030,300
2 Receivables to Public Sector Entities 3,125,219 6,026,905 3,638,926 97,748 0 12,888,798
3 Receivables to Multilateral Development 0 0 0 0 0 0
Banks and International Institutions
4 Receivables on Banks 3,291,250 2,182,892 620,279 492,763 2,070,326 8,657,510
5 Receivables by Covered Bond 0 0 0 0 0 0
6 Receivables to Securities Companies 3,773,139 4,737,640 2,607,121 17 0 11,117,917
and Other Financial Services Institutions
7 Receivables in the Form of Subordinated 0 0 0 0 167,793 167,793
Securities, Equity, and Other Capital
Instruments
8 Loans Secured by Residential Property 3,758,656 1,119,074 2,074,739 12,111,946 0 19,064,415
9 Loans Secured by Commercial Property 13,797,433 1,995,920 2,853,721 3,383,985 0 22,031,059
10 Credit for Land Acquisition, Soil 0 0 0 0 0 0
Processing, and Construction
11 Employee/Retiree Loans 0 0 0 0 0 0
12 Receivables on Micro Business, Small 5,311,785 11,853,986 6,684,996 528,980 3,902 24,383,649
Business, and Retail Portfolio
13 Receivables on Corporates 13,623,057 4,957,475 6,996,366 1,633,325 0 27,210,223
14 Past Due Receivables 1,029,694 231,660 173,434 639,008 83 2,073,879
15 Other Assets 0 0 0 0 8,470,524 8,470,524
TOTAL 60,831,564 37,862,050 27,876,650 27,661,069 18,864,734 173,096,067
2024 Annual Report PT Bank Maybank Indonesia Tbk 349
Page 352
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B.4A): MARKET RISK
Disclosure of Receivables and Provisioning by Region
(1) Bank Only
No. Description Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 3,088,370 2,164,076 2,146,683 130,625,299 17,812,077
2 Impaired Loss Receivables
a. Non Past Due - 17,992 - 1,239,318 123,443
b. Past Due 116,580 98,243 159,123 1,147,583 146,008
3 Allowance for impairment losses - Stage 1 17,884 9,849 10,228 744,173 63,391
4 Allowance for impairment losses - Stage 2 1,681 620 8,333 196,174 17,594
5 Allowance for impairment losses - Stage 3 32,794 35,376 64,597 1,145,130 146,456
6 Written-off receivables 41,903 3,257 11,924 307,686 24,108
(1) Bank Only
No. Description Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 2,888,886 2,105,309 1,702,179 112,383,611 15,282,949
2 Impaired Loss Receivables
a. Non Past Due 13,081 32,733 - 552,307 61,754
b. Past Due 180,468 120,172 199,150 1,063,586 227,537
3 Allowance for impairment losses - Stage 1 14,162 8,795 8,940 900,244 41,786
4 Allowance for impairment losses - Stage 2 2,859 1,602 3,060 230,261 13,847
5 Allowance for impairment losses - Stage 3 72,759 43,090 65,300 642,081 108,024
6 Written-off receivables 52,735 15,237 91,846 206,928 23,209
350 2024 Annual Report
Page 353
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(in million rupiah)
31 December 2024
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
2,109,875 8,150,248 1,782,490 3,080,503 5,314,529 974,768 177,248,918
- - - - - - 1,380,753
600,811 462,018 258,242 186,408 263,518 - 3,438,534
9,794 44,844 8,560 14,245 15,884 2,136 940,988
927 6,940 1,013 195,043 9,190 - 437,515
475,316 208,544 127,432 51,366 94,216 - 2,381,227
25,547 56,179 28,810 8,201 12,374 - 519,989
(in million rupiah)
31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
1,924,357 7,297,386 1,415,343 3,009,972 4,387,326 449,708 152,847,026
405,874 - - - - - 1,065,749
247,827 533,743 314,913 189,725 260,074 - 3,337,195
6,413 38,717 5,610 12,868 12,121 1,159 1,050,815
2,464 3,887 1,584 198,714 8,592 - 466,870
325,564 222,008 119,535 48,532 89,299 - 1,736,192
9,924 162,720 25,311 19,945 13,172 - 621,027
2024 Annual Report PT Bank Maybank Indonesia Tbk 351
Page 354
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B.4A): MARKET RISK
Disclosure of Receivables and Provisioning by Region
(2) Banks Consolidated with Subsidiaries
No. Description Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 West Java Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 3,088,370 2,164,076 2,146,683 144,184,185 17,812,077
2 Impaired Loss Receivables
a. Non Past Due - 17,992 - 1,239,318 123,443
b. Past Due 116,580 98,243 159,123 1,310,188 146,008
3 Allowance for impairment losses - Stage 1 17,884 9,849 10,228 882,378 63,391
4 Allowance for impairment losses - Stage 2 1,681 620 8,333 241,957 17,594
5 Allowance for impairment losses - Stage 3 32,794 35,376 64,597 1,226,282 146,456
6 Written-off receivables 41,903 3,257 11,924 724,643 24,108
(2) Banks Consolidated with Subsidiaries
No. Keterangan Region 1 Region 2 Region 3 Region 4 Region 5
Sumatra 1 Sumatra 2 Jawa Barat Jakarta 1 & HO Jakarta 2
(1) (2) (3) (4) (5) (6) (7)
1 Receivables 2,888,886 2,105,309 1,702,179 125,548,773 15,282,949
2 Impaired Loss Receivables
a. Non Past Due 13,081 32,733 - 552,307 61,754
b. Past Due 180,468 120,172 199,150 1,233,839 227,537
3 Allowance for impairment losses - Stage 1 14,162 8,795 8,940 1,041,298 41,786
4 Allowance for impairment losses - Stage 2 2,859 1,602 3,060 276,595 13,847
5 Allowance for impairment losses - Stage 3 72,759 43,090 65,300 728,255 108,024
6 Written-off receivables 52,735 15,237 91,846 501,601 23,209
352 2024 Annual Report
Page 355
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(in million rupiah)
31 December 2024
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
2,109,875 8,150,248 1,782,490 3,080,503 5,314,529 974,768 190,807,804
- - - - - - 1,380,753
600,811 462,018 258,242 186,408 263,518 - 3,601,139
9,794 44,844 8,560 14,245 15,884 2,136 1,079,193
927 6,940 1,013 195,043 9,190 - 483,298
475,316 208,544 127,432 51,366 94,216 - 2,462,379
25,547 56,179 28,810 8,201 12,374 - 936,946
(in million rupiah)
31 December 2023
Region 6 Region 7 Region 8 Region 9 Region 10
Overseas Total
Central Java East Java Kalimantan Sulawesi & IBT Jakarta 3
(8) (9) (10) (11) (12) (13) (14)
1,924,357 7,297,386 1,415,343 3,009,972 4,387,326 449,708 166,012,188
405,874 - - - - - 1,065,749
247,827 533,743 314,913 189,725 260,074 - 3,507,448
6,413 38,717 5,610 12,868 12,121 1,159 1,191,869
2,464 3,887 1,584 198,714 8,592 - 513,204
325,564 222,008 119,535 48,532 89,299 - 1,822,366
9,924 162,720 25,311 19,945 13,172 - 915,700
2024 Annual Report PT Bank Maybank Indonesia Tbk 353
Page 356
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B.5): MARKET RISK
Disclosure of Receivables and Provisioning based on Economic Sectors
(1) Bank Only (in million rupiah)
31 December 2024
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No. Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 1,062,435 - 36,584 6,668 185 9,919 332
2 Mining and Quarrying Industries 5,442,425 - 1,950 30,861 - 2,402 10,179
3 Processing Industries 20,585,928 - 3,995 158,587 7,489 1,233,069 65,858
4 Procurement of Electricity, Gas, Steam/Hot Water 3,290,876 866,850 1,143,367 270,345 105,638 1,346 -
and Cold Water
5 Water Management, Waste Water Management, 152,599 - 4,493 1,726 - - -
Waste Management and Recycling
6 Construction 8,099,815 495,911 155,527 33,197 1,833 423,158 4,333
7 Wholesale and Retail Trade; Car and Motorcycle 16,670,708 17,992 1,030,860 83,861 7,878 464,967 126,718
Repair and Maintenance
8 Transportation and Warehousing 1,567,221 - 61,614 15,565 704 14,079 76
9 Hotel and Food & Beverage 1,477,314 - 48,254 9,203 190,770 35,808 5,245
10 Information and Communication 1,712,462 - 4,732 8,903 2,731 15,551 2,063
11 Financial and Insurance Activities 76,758,502 - 129,050 41,334 1,195 2,879 -
12 Real Estate 4,696,215 - - 25,145 10,538 22,171 -
13 Professional, Scientific, and Technical Activities 719,493 - - 2,569 311 7,958 9,955
14 Leasing and Leasing Without Option Right, 1,593,582 - - 13,274 - 4,334 1,784
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense and Compulsory 8,634 - 23,461 44 - - -
Social Security
16 Education Services 35,960 - - 93 49 - 1,376
17 Human Health and Social Work Activities 232,444 - - 1,817 - - -
18 Art, Entertainment, and Leisure Activities 129,919 - - 360 - 2,966 2,091
19 Other Service Activities 66,678 - 2 145 - 1,783 -
20 Household Activities as Employer; Activities which - - - - - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 31,870,890 - 794,645 237,291 108,194 138,836 289,979
23 Non-Business Field - - - - - 1 -
24 Others 1,074,818 - - - - - -
Total 177,248,918 1,380,753 3,438,534 940,988 437,515 2,381,227 519,989
354 2024 Annual Report
Page 357
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(1) Bank Only (in million rupiah)
31 December 2023
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No. Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 1,137,364 - 38,678 4,337 1,119 9,689 1,225
2 Mining and Quarrying Industries 3,555,261 - 5,316 7,619 19 3,001 -
3 Processing Industries 19,547,350 515,885 659,819 406,819 10,496 618,041 94,619
4 Procurement of Electricity, Gas, Steam/Hot Water 2,123,428 - - 219,100 89,112 - -
and Cold Water
5 Water Management, Waste Water Management, 130,573 - - 1,168 - - -
Waste Management and Recycling
6 Construction 10,976,422 500,000 176,281 47,380 33,496 356,757 7,489
7 Wholesale and Retail Trade; Car and Motorcycle 14,098,785 36,611 1,264,487 61,834 9,332 489,733 211,160
Repair and Maintenance
8 Transportation and Warehousing 1,157,327 - 37,108 10,215 218 21,195 -
9 Hotel and Food & Beverage 999,390 13,253 80,892 3,744 196,431 47,731 56,743
10 Information and Communication 900,266 - 37,382 3,929 23 23,762 827
11 Financial and Insurance Activities 61,887,767 - 9,272 37,975 318 2,697 -
12 Real Estate 3,613,194 - 38,867 18,520 232 18,205 13,195
13 Professional, Scientific, and Technical Activities 631,897 - 55,716 2,558 19 12,815 482
14 Leasing and Leasing Without Option Right, 1,185,377 - 33,936 7,157 554 7,017 2,605
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense and Compulsory - - - - - - -
Social Security
16 Education Services 31,876 - 1,331 79 - 396 -
17 Human Health and Social Work Activities 98,179 - 1,950 523 - 575 -
18 Art, Entertainment, and Leisure Activities 88,584 - 16,904 249 - 3,236 28
19 Other Service Activities 51,707 - - 122 - 1,757 -
20 Household Activities as Employer; Activities which - - - - - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 29,611,615 - 879,254 217,487 125,501 119,584 232,654
23 Non-Business Field 1 - 2 - - 1 -
24 Others 1,020,663 - - - - - -
Total 152,847,026 1,065,749 3,337,195 1,050,815 466,870 1,736,192 621,027
2024 Annual Report PT Bank Maybank Indonesia Tbk 355
Page 358
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B.5): MARKET RISK
Disclosure of Receivables and Provisioning based on Economic Sectors
(2) Banks Consolidated with Subsidiaries (in million rupiah)
31 December 2024
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No. Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 1,062,435 - 36,584 6,668 185 9,919 332
2 Mining and Quarrying Industries 5,442,425 - 1,950 30,861 - 2,402 10,179
3 Processing Industries 20,585,928 - 3,995 158,587 7,489 1,233,069 65,858
4 Procurement of Electricity, Gas, Steam/Hot Water 3,290,876 866,850 1,143,367 270,345 105,638 1,346 -
and Cold Water
5 Water Management, Waste Water Management, 152,599 - 4,493 1,726 - - -
Waste Management and Recycling
6 Construction 8,099,815 495,911 155,527 33,197 1,833 423,158 4,333
7 Wholesale and Retail Trade; Car and Motorcycle 16,670,708 17,992 1,030,860 83,861 7,878 464,967 126,718
Repair and Maintenance
8 Transportation and Warehousing 1,567,221 - 61,614 15,565 704 14,079 76
9 Hotel and Food & Beverage 1,477,314 - 48,254 9,203 190,770 35,808 5,245
10 Information and Communication 1,712,462 - 4,732 8,903 2,731 15,551 2,063
11 Financial and Insurance Activities 76,391,753 - 129,050 41,884 1,195 2,879 -
12 Real Estate 4,696,215 - - 25,145 10,538 22,171 -
13 Professional, Scientific, and Technical Activities 719,493 - - 2,569 311 7,958 9,955
14 Leasing and Leasing Without Option Right, 1,593,582 - - 13,274 - 4,334 1,784
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense and Compulsory 8,634 - 23,461 44 - - -
Social Security
16 Education Services 35,960 - - 93 49 - 1,376
17 Human Health and Social Work Activities 232,444 - - 1,817 - - -
18 Art, Entertainment, and Leisure Activities 129,919 - - 360 - 2,966 2,091
19 Other Service Activities 66,678 - 2 145 - 1,783 -
20 Household Activities as Employer; Activities which - - - - - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 31,870,890 - 794,645 237,291 108,194 138,836 289,979
23 Non-Business Field 13,928,840 - 162,605 137,655 45,783 81,152 416,957
24 Others 1,071,613 - - - - 1 -
Total 190,807,804 1,380,753 3,601,139 1,079,193 483,298 2,462,379 936,946
356 2024 Annual Report
Page 359
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(2) Banks Consolidated with Subsidiaries (in million rupiah)
31 December 2023
Impaired Receivables Allowance Allowance Allowance
for for for
Written-Off
No. Economic Sectors Receivables Non Past Impairment Impairment Impairment
Past Due Receivables
Due Losses - Losses - Losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Agriculture, Forestry, and Fisheries 1,137,364 - 38,678 4,337 1,119 9,689 1,225
2 Mining and Quarrying Industries 3,555,261 - 5,316 7,619 19 3,001 -
3 Processing Industries 19,547,350 515,885 659,819 406,819 10,496 618,041 94,619
4 Procurement of Electricity, Gas, Steam/Hot Water 2,123,428 - - 219,100 89,112 - -
and Cold Water
5 Water Management, Waste Water Management, 130,573 - - 1,168 - - -
Waste Management and Recycling
6 Construction 10,976,422 500,000 176,281 47,380 33,496 356,757 7,489
7 Wholesale and Retail Trade; Car and Motorcycle 14,098,785 36,611 1,264,487 61,834 9,332 489,733 211,160
Repair and Maintenance
8 Transportation and Warehousing 1,157,327 - 37,108 10,215 218 21,195 -
9 Hotel and Food & Beverage 999,390 13,253 80,892 3,744 196,431 47,731 56,743
10 Information and Communication 900,266 - 37,382 3,929 23 23,762 827
11 Financial and Insurance Activities 61,435,942 - 9,272 39,267 318 2,697 -
12 Real Estate 3,613,194 - 38,867 18,520 232 18,205 13,195
13 Professional, Scientific, and Technical Activities 631,897 - 55,716 2,558 19 12,815 482
14 Leasing and Leasing Without Option Right, 1,185,377 - 33,936 7,157 554 7,017 2,605
Employment, Travel Agencies, and Other Business
Support Activities
15 Public Administration, Defense and Compulsory - - - - - - -
Social Security
16 Education Services 31,876 - 1,331 79 - 396 -
17 Human Health and Social Work Activities 98,179 - 1,950 523 - 575 -
18 Art, Entertainment, and Leisure Activities 88,584 - 16,904 249 - 3,236 28
19 Other Service Activities 51,707 - - 122 - 1,757 -
20 Household Activities as Employer; Activities which - - - - - - -
Generate Products or Services by Household, Use
for Fulfilling Self-Needs
21 International institution and Other Extra - - - - - - -
International Agency Activities
22 Household Activities 29,611,615 - 879,254 217,487 125,501 119,584 232,654
23 Non-Business Field 13,620,637 - 170,255 139,762 46,334 86,175 294,673
24 Others 1,017,014 - - - - - -
Total 166,012,188 1,065,749 3,507,448 1,191,869 513,204 1,822,366 915,700
2024 Annual Report PT Bank Maybank Indonesia Tbk 357
Page 360
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB (B6): MARKET RISK
Disclosure of Receivables by Due Date
(1) Bank Only (in million rupiah)
31 December 2024 31 December 2023
Receivables by Due Date Receivables by Due Date
No. Exposure Class
> 90 days > 120 days > 90 days > 120 days
to 120 to 180 > 180 days Total to 120 to 180 > 180 days Total
days days days days
a b c d e f g h i j
1 Credit include to Past Due 1,054,339 109,929 2,274,266 3,438,534 704,265 152,096 2,476,294 3,332,655
Receivables
2 Securities include to Past Due - - - - - - 4,540 4,540
Receivables
Total 1,054,339 109,929 2,274,266 3,438,534 704,265 152,096 2,480,834 3,337,195
(2) Banks Consolidated with Subsidiaries (in million rupiah)
31 December 2024 31 December 2023
Receivables by Due Date Receivables by Due Date
No. Jenis Eksposur
> 90 days > 120 days > 90 days > 120 days
to 120 to 180 > 180 days Total to 120 to 180 > 180 days Total
days days days days
a b c d e f g h i j
1 Credit include to Past Due 1,112,864 181,322 2,306,953 3,601,139 757,347 214,267 2,531,294 3,502,908
Receivables
2 Securities include to Past Due - - - - - - 4,540 4,540
Receivables
Total 1,112,864 181,322 2,306,953 3,601,139 757,347 214,267 2,535,834 3,507,448
CRB-A (A): MARKET RISK
Additional Disclosure Related to Treatment of Non-Performing Assets
The Bank defines overdue bills as bills where the debtor is unable to meet payment according to the contract terms, while impairment
occurs when a bill experiences a significant increase in credit risk, resulting in objective evidence of impairment, such as contractual
payment arrears exceeding 90 days, having an internal default rating, collectibility classified as non-performing loans (NPL), and when
restructuring occurs due to increased credit risk.
The Bank defines credit restructuring to include modifications of credit terms, conversion of credit into shares or other financial
instruments, and/or a combination of both.
Gains/losses arising from credit restructuring related to modifications of credit terms are only recognised if the future cash receipts
specified in the new credit terms, including receipts allocated as interest or principal, are greater or lesser than the recorded credit value
before restructuring.
358 2024 Annual Report
Page 361
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
CRB-A (B-1): MARKET RISK
Discosure of Performing and Non Performing Asset
(1) Bank Only (in million rupiah)
Non Performing
(Substandard, Doubtful, and Loss Quality)
Performing
(Current and Special Impaired
Unimpaired Loss Receivables
Mention Quality) Loss Receivables
Due date > 90 days Due date ≤ 90 days
Allowance
Allowance Gross Allowance Allowance
Gross for Gross Gross
for Carrying for for
Carrying impairment Carrying Carrying
impairment Value impairment impairment
Value losses Value Value
losses losses losses
a b c d e f g h
1 Securities 42,641,746 1,015 - - - - - -
2 Credit
a. Corporate 79,425,952 1,958,264 2,355,332 1,312,246 - - - -
b. Retail 31,131,673 350,204 739,218 134,121 - - - -
3 Other Off- Balance Sheet 51,511,660 96,368 295 104
Total 204,711,031 2,405,851 3,094,845 1,446,471 - - - -
(2) Banks Consolidated with Subsidiaries (in million rupiah)
Non Performing
(Kualitas KL, D, M)
Performing
Impaired
(Kualitas L dan DPK) Unimpaired Loss Receivables
Loss Receivables
Due date > 90 days Due date ≤ 90 days
Allowance
Allowance Gross Allowance Allowance
Gross for Gross Gross
for Carrying for for
Carrying impairment Carrying Carrying
impairment Value impairment impairment
Value losses Value Value
losses losses losses
a b c d e f g h
1 Securities 42,641,746 1,015 - - - - - -
2 Credit
a. Corporate 79,425,952 1,958,264 2,355,332 1,312,246 - - - -
b. Retail 45,127,243 537,949 892,652 210,941 - - - -
3 Other Off- Balance Sheet 51,511,660 96,368 295 104
Total 218,706,601 2,593,596 3,248,279 1,523,291 - - - -
2024 Annual Report PT Bank Maybank Indonesia Tbk 359
Page 362
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRB-A (B-2): MARKET RISK
Disclosure of Performing and Non Performing Asset
(1) Bank only
Performing Non Performing
(Current and Special Mention (Substandard, Doubtful, and
Quality) Loss Quality)
Allowance for Allowance for
Gross Carrying Gross Carrying
impairment impairment
Value Value
losses losses
a b c d
1 Securities - - - -
2 Credit
a. Corporate 79,425,951 1,958,264 2,355,333 1,312,245
b. Retail 31,131,674 350,204 739,216 134,121
3 Other Off-Balance Sheet 51,373,966 96,302 - -
TOTAL 161,931,591 2,404,770 3,094,549 1,446,366
(1) Banks Consolidated with Subsidiaries
Performing Non Performing
(Current and Special Mention (Substandard, Doubtful, and
Quality) Loss Quality)
Allowance for Allowance for
Gross Carrying Gross Carrying
impairment impairment
Value Value
losses losses
a b c d
1 Securities - - - -
2 Credit
a. Corporate 79,425,951 1,958,264 2,355,333 1,312,245
b. Retail 31,131,674 350,204 739,216 134,121
3 Other Off-Balance Sheet 51,373,966 96,302 - -
TOTAL 161,931,591 2,404,770 3,094,549 1,446,366
360 2024 Annual Report
Page 363
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(in million rupiah)
Stage 1 Stage 2 Stage 3
Allowance for Allowance for Allowance for
Gross Carrying Gross Carrying Gross Carrying
impairment impairment impairment
Value Value Value
losses losses losses
e f g h i j
- - - - - -
76,037,062 699,752 1,720,085 328,378 4,024,137 2,242,380
30,305,730 237,291 770,519 108,195 794,641 138,839
51,373,966 96,302 - - - -
157,716,758 1,033,345 2,490,604 436,573 4,818,778 2,381,219
(in million rupiah)
Stage 1 Stage 2 Stage 3
Allowance for Allowance for Allowance for
Gross Carrying Gross Carrying Gross Carrying
impairment impairment impairment
Value Value Value
losses losses losses
e f g h i j
- - - - - -
76,037,062 699,752 1,720,085 328,378 4,024,137 2,242,380
30,305,730 237,291 770,519 108,195 794,641 138,839
51,373,966 96,302 - - - -
157,716,758 1,033,345 2,490,604 436,573 4,818,778 2,381,219
2024 Annual Report PT Bank Maybank Indonesia Tbk 361
Page 364
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CRC: MARKET RISK
Qualitative Disclosure related to Risk Management Techniques
In terms of Credit Risk Mitigation, the Bank applies Credit Risk Mitigation Techniques according to the Guidelines for calculating
Risk-Weighted Assets under the Standard Approach, which includes Credit Risk Mitigation in the form of Collateral, Guarantees,
and Guarantees. The types of eligible financial collateral in the Standard Approach Credit Risk Mitigation Technique are Cash, Gold,
Securities issued by the Government of the Republic of Indonesia, Securities rated by Rating Agencies recognised by Bank Indonesia.
Meanwhile, the Recognised Guarantee Issuers include the Government of Indonesia, Governments of other Countries, Commercial
Banks, and Guarantee or Insurance Financial Institutions with criteria established by the Financial Services Authority in the Guidelines
for calculating Risk-Weighted Assets under the Standard Approach.
Additionally, the Bank has and implements internal policies regarding credit collateral that regulate guidelines, types, and requirements,
as well as collateral assessment contained in the Credit Policy in each segment.
CRD: MARKET RISK
Disclosure on the Use of External Credit Ratings
In accordance with the Guidelines for Calculating Risk Weighted Assets for Credit Risk using the Standard Approach, the Bank applies
risk weighting for each asset classification or certain portfolio category in accordance with the external rating obtained from external
Rating Agencies. The Bank has internal policies that regulate Rating Agencies and External Ratings recognized by the Financial Services
Authority as well as procedures for using such ratings. The Bank uses external ratings obtained from external Rating Agencies, namely
PT Pemeringkat Efek Indonesia (Pefindo).
The portfolio categories that use ratings include: Claims on Governments of Other Countries, Claims on Public Sector Entities, Claims on
Banks, Claims on Securities Companies and Other Financial Services Institutions, and Claims on Corporations.
362 2024 Annual Report
Page 365
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
CR3: MARKET RISK
Disclosure of Quantitative Related to Credit Risk Mitigation Techniques
1. Bank Only (in million rupiah)
December 2024
Secured
Secured Receivables
Receivables Secured Secured
Unsecured by Warranty,
by Credit Risk Receivables by Receivables by
Receivables Guarantee, and/or
Mitigation Collateral Credit Derivatives
Credit Insurance
Techniques
a b c d e
1 Credit 101,993,694 7,752,530 7,752,530 0
2 Securities 25,985,800 183 183 0
3 TOTAL 127,979,494 7,752,713 7,752,713 0
4 Past Due Credit and Securities 1,648,083 100 100 0
December 2023
Secured
Secured Receivables
Receivables Secured Secured
Unsecured by Warranty,
by Credit Risk Receivables by Receivables by
Receivables Guarantee, and/or
Mitigation Collateral Credit Derivatives
Credit Insurance
Techniques
a b c d e
1 Credit 92,279,924 6,411,808 6,411,808 0
2 Securities 29,202,206 65,135 65,135 0
3 TOTAL 121,482,130 6,476,943 6,476,943 0
4 Past Due Credit and Securities 1,971,353 100 100 0
2. Bank Consolidated with Subsidiaries (in million rupiah)
December 2024
Secured
Secured Receivables
Receivables Secured Secured
Unsecured by Warranty,
by Credit Risk Receivables by Receivables by
Receivables Guarantee, and/or
Mitigation Collateral Credit Derivatives
Credit Insurance
Techniques
a b c d e
1 Credit 115,716,761 7,752,530 7,752,530 0
2 Securities 25,860,606 183 183 0
3 TOTAL 141,577,367 7,752,713 7,752,713 0
4 Past Due Credit and Securities 1,724,698 100 100 0
December 2023
Secured
Secured Receivables
Receivables Secured Secured
Unsecured by Warranty,
by Credit Risk Receivables by Receivables by
Receivables Guarantee, and/or
Mitigation Collateral Credit Derivatives
Credit Insurance
Techniques
a b c d e
1 Credit 105,691,788 6,411,808 6,411,808 0
2 Securities 29,049,348 65,135 65,135 0
3 TOTAL 134,741,136 6,476,943 6,476,943 0
4 Past Due Credit and Securities 2,045,878 100 100 0
3. Additional Disclosure
Regarding the use of Credit Risk Mitigation (CRM) Techniques, the Bank has implemented Collateral CRM Techniques using a simple
approach for credit exposures and securities. There have been no significant changes in the asset position exposure in the financial
statements.
2024 Annual Report PT Bank Maybank Indonesia Tbk 363
Page 366
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CR4: MARKET RISK
Disclosure of Credit Risk Exposure and Credit Risk Mitigation Techniques Impact
1. Bank Only (in million rupiah)
December 2024
Net Receivable before Credit Net Receivable after Credit
RWA and
Conversion Factor and Credit Conversion Factor and Credit
Risk Weight Average
Risk Mitigation Techniques Risk Mitigation Techniques
Portfolio Category
Off- Off- Risk Weight
Balance Balance
Balance Balance RWA Average
Sheet Sheet
Sheet Sheet (e/(c+d))
a b c d e f
1 Receivables on Sovereigns 47,552,724 0 47,552,724 0 111,044 0.23%
2 Receivables to Public Sector Entities 8,954,785 4,981,292 8,954,785 935,353 3,345,798 33.83%
3 Receivables to Multilateral 0 0 0 0 0 0.00%
Development Banks and International
Institutions
4 Receivables on Banks 10,961,943 1,029,547 10,650,240 139,540 3,789,521 35.12%
Receivables to Securities Companies 12,254,297 7,203,414 12,247,297 810,341 3,235,050 24.78%
and Other Financial Services
Institutions
5 Receivables by Covered Bond 0 0 0 0 0 0.00%
6 Receivables to Corporates - General 26,391,755 18,941,078 21,199,080 3,218,310 22,242,889 91.09%
Corporates Exposure
Receivables to Securities Companies 0 0 0 0 0 0.00%
and Other Financial Services
Institutions
Special Financing Exposure 0 0 0 0 0 0.00%
7 Receivables in the Form of 35,677 0 35,677 0 48,486 135.90%
Subordinated Securities, Equity, and
Other Capital Instruments
8 Receivables on Micro Business, Small 15,635,418 6,461,940 13,457,317 736,451 10,285,223 72.46%
Business and Retail Portfolio
9 Loans Secured by Residential
Property
Loans Secured by Residential 19,667,792 1,937,466 19,650,714 198,325 11,288,870 56.87%
Property which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Residential 348,729 26,161 348,729 2,616 430,411 122.50%
Property which is Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 23,177,195 10,455,723 23,087,229 1,046,710 20,799,533 86.18%
Real Estate which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 3,202,754 437,122 3,202,754 45,302 3,193,887 98.33%
Real Estate which is Materially
Dependent on Property Cash Flow
10 Past Due Receivables 1,668,897 191 1,668,797 19 1,715,839 102.82%
11 Other Assets 8,750,004 0 8,750,004 0 7,250,291 82.86%
TOTAL 178,601,970 51,473,934 170,805,347 7,132,967 87,736,841 49.31%
364 2024 Annual Report
Page 367
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(in million rupiah)
December 2023
Net Receivable before Credit Net Receivable after Credit
RWA and
Conversion Factor and Credit Conversion Factor and Credit
Risk Weight Average
Risk Mitigation Techniques Risk Mitigation Techniques
Portfolio Category
Off- Off- Risk Weight
Balance Balance
Balance Balance RWA Average
Sheet Sheet
Sheet Sheet (e/(c+d))
a b c d e f
1 Receivables on Sovereigns 37,030,299 0 37,030,299 0 68,223 0.18%
2 Receivables to Public Sector Entities 12,467,176 4,001,068 12,467,176 421,622 4,631,214 35.93%
3 Receivables to Multilateral 0 0 0 0 0 0.00%
Development Banks and International
Institutions
4 Receivables on Banks 8,485,611 155,357 7,659,484 43,477 2,903,942 37.70%
Receivables to Securities Companies 11,401,068 1,119,387 11,394,068 111,939 5,124,155 44.53%
and Other Financial Services
Institutions
5 Receivables by Covered Bond 0 0 0 0 0 0.00%
6 Receivables to Corporates - General 20,616,122 13,804,148 16,256,583 2,206,663 16,950,175 91.80%
Corporates Exposure
Receivables to Securities Companies 0 0 0 0 0 0.00%
and Other Financial Services
Institutions
Special Financing Exposure 608,669 71,205 608,669 8,488 617,157 100.00%
7 Receivables in the Form of 8,289 0 8,289 0 20,723 250.00%
Subordinated Securities, Equity, and
Other Capital Instruments
8 Receivables on Micro Business, Small 12,886,074 6,218,466 11,659,805 697,079 8,933,842 72.30%
Business and Retail Portfolio
9 Loans Secured by Residential
Property
Loans Secured by Residential 18,400,926 1,789,710 18,391,401 176,448 11,067,710 59.61%
Property which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Residential 478,148 51,540 478,148 5,154 646,849 133.84%
Property which is Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 19,126,238 8,984,930 19,039,292 900,087 17,284,273 86.68%
Real Estate which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 1,982,198 102,607 1,982,198 10,650 1,872,892 93.98%
Real Estate which is Materially
Dependent on Property Cash Flow
10 Past Due Receivables 1,999,247 1,078 1,999,147 108 2,104,623 105.27%
11 Other Assets 8,045,350 0 8,045,350 0 6,852,635 85.18%
TOTAL 153,535,415 36,299,496 147,019,909 4,581,713 79,078,413 52.16%
2024 Annual Report PT Bank Maybank Indonesia Tbk 365
Page 368
Main Highlights Management Report Company Profile Management Discussion
and Analysis
2. Bank Consolidated with Subsidiaries (in million rupiah)
December 2024
Net Receivable before Credit Net Receivable after Credit
RWA and
Conversion Factor and Credit Conversion Factor and Credit
Risk Weight Average
Risk Mitigation Techniques Risk Mitigation Techniques
Portfolio Category
Off- Off- Risk Weight
Balance Balance
Balance Balance RWA Average
Sheet Sheet
Sheet Sheet (e/(c+d))
a b c d e f
1 Receivables on Sovereigns 47,552,724 0 47,552,724 0 111,044 0.23%
2 Receivables to Public Sector Entities 8,954,785 4,981,292 8,954,785 935,353 3,345,798 33.83%
3 Receivables to Multilateral 0 0 0 0 0 0.00%
Development Banks and International
Institutions
4 Receivables on Banks 11,143,578 1,029,547 10,831,875 139,540 3,826,093 34.87%
Receivables to Securities Companies 11,925,369 7,203,414 11,918,369 810,341 3,169,099 24.90%
and Other Financial Services
Institutions
5 Receivables by Covered Bond 0 0 0 0 0 0.00%
6 Receivables to Corporates - General 29,947,710 18,941,078 24,755,035 3,218,310 25,798,844 92.23%
Corporates Exposure
Receivables to Securities Companies 0 0 0 0 0 0.00%
and Other Financial Services
Institutions
Special Financing Exposure 0 0 0 0 0 0.00%
7 Receivables in the Form of 195,181 0 195,181 0 287,742 147.42%
Subordinated Securities, Equity, and
Other Capital Instruments
8 Receivables on Micro Business, Small 26,005,821 6,461,940 23,827,720 736,451 18,148,744 73.88%
Business and Retail Portfolio
9 Loans Secured by Residential
Property
Loans Secured by Residential 19,667,792 1,937,466 19,650,714 198,325 11,288,870 56.87%
Property which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Residential 348,729 26,161 348,729 2,616 430,411 122.50%
Property which is Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 23,177,195 10,455,723 23,087,229 1,046,710 20,799,533 86.18%
Real Estate which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 3,202,754 437,122 3,202,754 45,302 3,193,887 98.33%
Real Estate which is Materially
Dependent on Property Cash Flow
10 Past Due Receivables 1,745,512 191 1,745,412 19 1,782,985 102.15%
11 Other Assets 9,236,277 0 9,236,277 0 7,753,719 83.95%
TOTAL 193,103,427 51,473,934 185,306,804 7,132,967 99,936,768 51.93%
3. Additional Disclosure
In accordance with OJK Regulation No. 24/SEOJK.03/2021 regarding the calculation of Risk-Weighted Assets for Credit Risk using the Standard Approach, in terms
of TRA exposure converted into equivalent credit exposure using FKK as follows:
- FKK 10%, Commitments that the Bank can cancel without notice, or can automatically cancel commitments if there is a deterioration in the borrower’s quality.
- FKK 20%, Commitment obligations in the form of L/C (except SBLC).
- FKK 40%, Commitments regardless of the underlying facility’s term.
- FKK 50%, Contingent liabilities in the form of guarantees issued not in connection with credit granting such as bid bonds, performance bonds, or advance
payment bonds.
- FKK 100%, Guarantees issued in connection with credit granting or takeover of default risk, guarantees, SBLC, acceptances, or TRA which are credit substitutes.
The CKPN considered for the calculation of net billings as referred to, is CKPN for assets identified as experiencing impairment, namely CKPN in stage 2 (fair
assets) and stage 3 (poor assets) in accordance with financial accounting standards regarding financial instruments.
Regarding the use of CRM Techniques, the Bank has implemented Collateral CRM Techniques with a simple approach, for the asset position exposure in the
financial statements as well as commitment obligations or contingent liabilities on TRA.
366 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(in million rupiah)
December 2023
Net Receivable before Credit Net Receivable after Credit
RWA and
Conversion Factor and Credit Conversion Factor and Credit
Risk Weight Average
Risk Mitigation Techniques Risk Mitigation Techniques
Portfolio Category
Off- Off- Risk Weight
Balance Balance
Balance Balance RWA Average
Sheet Sheet
Sheet Sheet (e/(c+d))
a b c d e f
1 Receivables on Sovereigns 37,030,299 0 37,030,299 0 68,223 0.18%
2 Receivables to Public Sector Entities 12,467,176 4,001,068 12,467,176 421,622 4,631,214 35.93%
3 Receivables to Multilateral 0 0 0 0 0 0.00%
Development Banks and International
Institutions
4 Receivables on Banks 8,609,775 155,357 7,783,648 43,477 2,928,994 37.42%
Receivables to Securities Companies 11,005,978 1,119,387 10,998,978 111,939 4,913,106 44.22%
and Other Financial Services
Institutions
5 Receivables by Covered Bond 0 0 0 0 0 0.00%
6 Receivables to Corporates - General 23,652,285 13,804,148 19,292,746 2,206,663 19,898,037 92.55%
Corporates Exposure
Receivables to Securities Companies 0 0 0 0 0 0.00%
and Other Financial Services
Institutions
Special Financing Exposure 608,669 71,205 608,669 8,488 617,157 100.00%
7 Receivables in the Form of 167,793 0 167,793 0 259,979 154.94%
Subordinated Securities, Equity, and
Other Capital Instruments
8 Receivables on Micro Business, Small 23,503,609 6,218,466 22,277,340 697,079 16,985,732 73.93%
Business and Retail Portfolio
9 Loans Secured by Residential
Property
Loans Secured by Residential 18,400,926 1,789,710 18,391,401 176,448 11,067,710 59.61%
Property which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Residential 478,148 51,540 478,148 5,154 646,849 133.84%
Property which is Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 19,126,238 8,984,930 19,039,292 900,087 17,284,273 86.68%
Real Estate which is Not Materially
Dependent on Property Cash Flow
Loans Secured by Commercial 1,982,198 102,607 1,982,198 10,650 1,872,892 93.98%
Real Estate which is Materially
Dependent on Property Cash Flow
10 Past Due Receivables 2,073,772 1,078 2,073,672 108 2,163,969 104.35%
11 Other Assets 8,470,524 0 8,470,524 0 7,282,965 85.98%
TOTAL 167,577,390 36,299,496 161,061,884 4,581,713 90,621,100 54.71%
2024 Annual Report PT Bank Maybank Indonesia Tbk 367
Page 370
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CR5: MARKET RISK
Disclosure of Exposure Based On Asset Class and Weight Risk
1. Bank Only
Portfolio Category 0% 20%
1 Receivables on Sovereigns 47,330,636 0
Portfolio Category 20% 50%
2 Receivables on Public Sector Entities 9,601,962 3,368,415
Portfolio Category 0% 20%
3 Receivables on Multilateral Development Banks and 0 0
International Institutions
Portfolio Category 20% 30% 40% 50%
4 Receivables on Banks 7,222,142 0 1,665,884 480,715
Receivables to Securities Companies and Other 15,033,648 1,452,292 0 259,185
Financial Services Institutions
Portfolio Category 10% 15% 20% 25%
5 Receivables by Covered Bond 0 0 0 0
Portfolio Category 20% 50% 75% 80%
6 Receivables on Corporate - General Corporate 2,028,355 2,500,861 3,863,176 0
Exposure
Receivables to Securities Companies and Other 0 0 0
Financial Services Institutions
Special Financing Exposure 0 0 0
Portfolio Category 100%
7 Receivables in the Form of Subordinated Securities, 27,138
Equity, and Other Capital Instruments
Portfolio Category 45% 75%
8 Receivables on Micro, Small Business & Retail Portfolio 5,102,126 14,649,745
Portfolio Category 20% 25% 30% 35% 40% 45% 50% 60%
9 Loans Secured by Residential Property
Loans Secured by Residential Property which is Not 1,711,239 1,144,599 3,972,055 738,210 914,590
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is Not 0 57,297 3,341 12,926
Materially Dependent on Property Cash Flow
Loans Secured by Residential Property which is 0 0 0 0 3,218,131
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is
Materially Dependent on Property Cash Flow
Special Financing Exposure
368 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
(in million rupiah)
Net Receivable after Credit Conversion
50% 100% 150% Others Factor and Credit Risk Mitigation
Techniques
222,088 0 0 0 47,552,724
Net Receivable after Credit Conversion
100% 150% Others Factor and Credit Risk Mitigation
Techniques
965,700 0 9,890,138
Net Receivable after Credit Conversion
30% 50% 100% 150% Others Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0 0
Net Receivable after Credit Conversion
75% 100% 150% Others Factor and Credit Risk Mitigation
Techniques
2,622,748 320,921 0 0 10,789,780
2,712,586 0 0 13,057,638
Net Receivable after Credit Conversion
35% 50% 100% Others Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0
Net Receivable after Credit Conversion
85% 100% 130% 150% Others Factor and Credit Risk Mitigation
Techniques
3,715,074 33,225,366 0 24,417,390
0 0 0 0
679,874 0 0 0 617,157
Net Receivable after Credit Conversion
150% 250% Others Factor and Credit Risk Mitigation
Techniques
0 8,539 0 35,677
Net Receivable after Credit Conversion
85% 100% Others Factor and Credit Risk Mitigation
Techniques
148,581 2,196,907 0 14,193,768
Net Receivable after Credit Conversion
70% 75% 85% 90% 100% 105% 110% 150% Others Factor and Credit Risk Mitigation
Techniques
3,540,086 8,188,043 993,868 402,567 0 0 19,849,039
12,508 37,695 251,123 0 351,345
6,165,099 11,543,583 12,706,105 0 0 24,133,939
1,182,957 895,643 657,019 904,257 0 3,248,056
0 0 0 0
2024 Annual Report PT Bank Maybank Indonesia Tbk 369
Page 372
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Portfolio Category 50%
10 Past Due Receivables 208,145
Portfolio Category 0% 20%
11 Other Assets 1,867,350 0
No Weight Risk On Balance Sheet Net Receivable
1 < 40% 80,435,733
2 40% - 70% 15,057,088
3 75% 31,510,640
4 85% 10,995,894
5 90% - 100% 38,080,077
6 105% - 130% 646,799
7 150% 1,867,201
8 250% 8,539
9 400% 0
10 1.250% 0
11 TOTAL NET RECEIVABLE 178,601,971
2. Bank Consolidated with Subsidiaries
0% 20%
Portfolio Category
1 Receivables on Sovereigns 47,330,636 0
20% 50%
Portfolio Category
2 Receivables on Public Sector Entities 9,601,962 3,368,415
0% 20%
Portfolio Category
3 Receivables on Multilateral Development Banks and 0 0
International Institutions
20% 30% 40% 50%
Portfolio Category
4 Receivables on Banks 7,403,332 0 1,665,884 480,715
Receivables to Securities Companies and Other 14,705,022 1,452,292 0 259,185
Financial Services Institutions
10% 15% 20% 25%
Portfolio Category
5 Receivables by Covered Bond 0 0 0 0
20% 50% 75% 80%
Portfolio Category
6 Receivables on Corporate - General Corporate 2,028,355 2,500,861 3,863,176 0
Exposure
Receivables to Securities Companies and Other 0 0 0
Financial Services Institutions
Special Financing Exposure 0 0 0 0
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Net Receivable after Credit Conversion
100% 150% Others Factor and Credit Risk Mitigation
Techniques
1,158,595 302,348 0 1,668,816
Net Receivable after Credit Conversion
100% 150% Others Factor and Credit Risk Mitigation
Techniques
6,147,380 735,274 0 8,750,004
Credit Net Receivable after Credit Conversion
Off Balance Sheet Net Receivable
Conversion Factor and Credit Risk Mitigation
(before Credit Conversion Factor)
Factor Average Techniques
10,985,842 10.23% 81,555,293
8,360,575 10.33% 15,706,670
6,703,268 12.90% 31,656,758
5,405,211 24.65% 10,152,183
19,645,321 19.49% 36,306,001
47,915 10.00% 651,590
325,800 10.46% 1,901,282
0 0.00% 8,539
0 0.00% 0
0 0.00% 0
51,473,932 177,938,316
(in million rupiah)
50% 100% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
222,088 0 0 0 47,552,724
100% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
965,700 0 0 9,890,138
30% 50% 100% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0 0
75% 100% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
2,623,193 0 0 0 10,971,415
2,712,284 0 0 0 12,728,710
35% 50% 100% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
0 0 0 0 0
85% 100% 130% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
3,715,074 36,781,321 0 0 0 27,973,345
0 0 , 0 0
0 0 0 0 0
2024 Annual Report PT Bank Maybank Indonesia Tbk 371
Page 374
Main Highlights Management Report Company Profile Management Discussion
and Analysis
100%
Portfolio Category
7 Receivables in the Form of Subordinated Securities, 27,138
Equity, and Other Capital Instruments
45% 75%
Portfolio Category
8 Receivables on Micro, Small Business & Retail Portfolio 5,102,126 24,677,272
20% 25% 30% 35% 40% 45% 50% 60%
Portfolio Category
9 Loans Secured by Residential Property
Loans Secured by Residential Property which is Not 1,711,239 1,144,599 3,972,055 738,210 914,590
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is Not 0 57,297 3,341 12,926
Materially Dependent on Property Cash Flow
Loans Secured by Residential Property which is 0 0 0 0 3,218,131
Materially Dependent on Property Cash Flow
Loans Secured by Commercial Real Estate which is
Materially Dependent on Property Cash Flow
Special Financing Exposure
50%
Portfolio Category
10 Past Due Receivables 227,457
0% 20%
Portfolio Category
11 Other Assets 1,873,461 0
No Weight Risk On Balance Sheet Net Receivable
1 < 40% 80,294,408
2 40% - 70% 15,076,400
3 75% 41,538,311
4 85% 10,995,894
5 90% - 100% 42,469,466
6 105% - 130% 646,799
7 150% 2,073,611
8 250% 8,539
9 400% 0
10 1.250% 0
11 TOTAL NET RECEIVABLE 193,103,428
3. Additional Disclosure
In accordance with OJK Regulation No. 24/SEOJK.03/2021 regarding the calculation of Risk-Weighted Assets for Credit Risk using the Standard Approach, in terms
of TRA exposure converted into equivalent credit exposure using FKK as follows:
- FKK 10%, Commitments that the Bank can cancel without notice, or can automatically cancel commitments if there is a deterioration in the borrower’s quality.
- FKK 20%, Commitment obligations in the form of L/C (except SBLC).
- FKK 40%, Commitments regardless of the underlying facility’s term.
- FKK 50%, Contingent liabilities in the form of guarantees issued not in connection with credit granting such as bid bonds, performance bonds, or advance
payment bonds.
- FKK 100%, Guarantees issued in connection with credit granting or takeover of default risk, guarantees, SBLC, acceptances, or TRA which are credit substitutes.
The CKPN considered for the calculation of net billings as referred to, is CKPN for assets identified as experiencing impairment, namely CKPN in stage 2 (fair
assets) and stage 3 (poor assets) in accordance with financial accounting standards regarding financial instruments.
Regarding the use of CRM Techniques, the Bank has implemented Collateral CRM Techniques with a simple approach, for the asset position exposure in the
financial statements as well as commitment obligations or contingent liabilities on TRA.
372 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
150% 250% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
159,504 8,539 0 195,181
85% 100% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
148,581 2,539,783 0 24,564,171
70% 75% 85% 90% 100% 105% 110% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
3,540,086 8,188,043 993,868 402,567 0 0 19,849,039
12,508 37,695 251,123 0 351,345
6,165,099 11,543,583 12,706,105 0 0 24,133,939
1,182,957 895,643 657,019 904,257 0 3,248,056
0 0 0 0
100% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
1,215,524 302,722 0 1,745,431
100% 150% Net Receivable after Credit Conversion
Others Factor and Credit Risk Mitigation
Techniques
6,581,010 781,806 0 9,236,277
Credit Net Receivable after Credit Conversion
Off Balance Sheet Net Receivable
Conversion Factor and Credit Risk Mitigation
(before Credit Conversion Factor)
Factor Average Techniques
10,985,842 10.23% 81,413,968
8,360,575 10.33% 15,725,982
6,703,268 12.90% 41,684,429
5,405,211 24.65% 10,152,183
19,645,321 19.49% 40,695,390
47,915 10.00% 651,590
325,800 10.46% 2,107,692
0 0.00% 8,539
0 0.00% 0
0 0.00% 0
51,473,932 192,439,773
2024 Annual Report PT Bank Maybank Indonesia Tbk 373
Page 376
Main Highlights Management Report Company Profile Management Discussion
and Analysis
CCP: Exposure Report Related to Transaction with CCP
(in million rupiah)
December 2024 Net Receivable RWA
1 Total Exposure to QCCP 12,068 112
2 Transaction involving exposure with QCCP 532 11
(excluding initial margin and default fund contribution)
(i) OTC derivative 532 11
(ii) Derivative transactions through market 0 0
(iii) securities financing transactions 0 0
(iv) netting set (regarding netting of cross-product is allowed) 0 0
3 Segregated initial margin 6,504
4 Nonsegregated initial margin 0 0
5 Prefunded default fund contribution 5,032 101
6 Unfunded default fund contribution 0 0
7 Total Exposure to Non-QCCP 0 0
8 Transaction involving exposure through nonQCCP (excluding initial margin and default fund 0 0
contribution)
(i) OTC derivative 0 0
(ii) Derivative transactions through market 0 0
(iii) securities financing transactions 0 0
(iv) netting set (regarding netting of cross-product is allowed) 0 0
9 Segregated initial margin 0
10 Nonsegregated initial margin 0 0
11 Prefunded default fund contribution 0 0
12 Unfunded default fund contribution 0 0
13 Total Exposure to QCCP and Non-QCCP 12,068 112
MRA: MARKET RISK
Qualitative Disclosure related to Market Risk in General (MRA)
Risk Management Implementation Report for Market Risk derivative transactions, owned by the Bank for the purpose of
In general, the Bank defines market risk as the risk in the balance being traded and can be freely transferred or can be hedged as a
sheet and administrative account positions, including derivative whole, both from transactions for its own interests (proprietary
transactions, due to overall changes in market conditions, positions), at the request of customers, or intermediary activities
including the Risk of option price changes. Risks included in the (brokering) and in the context of market formation (market
scope of market risk are at least: making), which includes:
a. default risk, interest rate risk, credit spread risk, equity risk, a. positions held for short-term resale;
exchange rate risk, and commodity risk for Trading Book b. positions held for the purpose of obtaining actual short-term
instruments; and profits and/or potential price movements; or
b. exchange rate risk and commodity risk for Banking Book c. positions held for the purpose of locking in arbitrage profits;
instruments.
All of these trading activities are carried out by the Bank in order
Currently, the Bank does not have equity risk or commodity risk, to obtain income or profits.
either individually or in a consolidated manner with subsidiaries.
The Trading Book at the Bank is all financial instrument positions Market risk management in the Trading Book begins with the
in the balance sheet and administrative accounts, including establishment of governance according to the characteristics
374 2024 Annual Report
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Governance Responsibility
and complexity of the Bank. Centrally, the authority to manage Any instrument not held for trading purposes at the
market activities and risks in the Trading Book is under the commencement of the transaction or not included in the
supervision of the Assets & Liabilities Committee (ALCO), which instruments referred to above is considered part of the Banking
is carried out daily by the Global Market work unit. To support Book.
the ALCO function, the unit that specifically carries out the
market risk management process in the Trading Book is the The Bank also has a policy that regulates the separation of
Market, Liquidity & Treasury Credit Risk Management (MLTCRM) Trading Book and Banking Book, where each transaction
work unit, which is responsible for creating policies, procedures, must be clearly recognised as Trading Book or Banking Book
measurement methodologies, and monitoring and reporting since the transaction is recorded in accordance with PSAK 71.
market risk exposures in the Trading Book and also monitoring Reclassification of Trading Book positions from or to Banking
the implementation and compliance with the policies that have Book can be done if and only if there is a change in the business
been determined. To complete governance, the Internal Audit model for managing financial assets. Such changes are expected
work unit periodically carries out an assessment process on the to occur very rarely, and if they occur, they must be determined
adequacy of the market risk management process in the Trading by the Bank’s senior management, be significant to operational
Book as a whole. The Bank has a policy that regulates the scope activities, and be proven to external parties. The Bank will ensure
of trading activities, namely all positions in financial instruments that if there is a change in the business model in managing its
owned in accordance with the trading objectives and strategies financial assets, the Bank will reclassify the affected financial
of the business unit or included in the following instruments, assets from/to the Trading Book.
which are assumed to be owned for trading purposes unless
there are legal obstacles or they are included in the Banking Book In managing market risk in the Trading Book, the Bank adopts
instruments: several measurement techniques to accurately quantify market
a. Instruments held as assets or liabilities that are treated as risk exposure in the Trading Book, namely: Value at Risk (VaR),
trading according to accounting standards. Present Value of One Basis Point (PV01), Year to Date (YtD) and
b. Instruments derived from market-making activities. Month to Date (MtD) Stop Loss, Foreign Exchange Net Open
c. Equity investments in eligible funds. Position (FX NOP), Greeks (such as Delta, Gamma, and Vega),
d. Equity listed on the stock exchange. Back Testing, Jump to Default (JTD), Credit Spread of One Basis
e. Repo transactions related to trading. Point (CS01), and Stress Test. In its daily management, the Bank
f. Option rights, including embedded derivatives of has also set various limits to be monitored and reported to
instruments issued from the Banking Book and related to management periodically, including VaR limit, YtD & MtD Stop
credit risk or equity risk. Loss Limit, FX NOP Limit, PV01 Limit, IR and FX Vega Limit, JTD
Limit, and CS01 Limit. The process of measuring risk exposure
In addition, each of the following instruments, unless legally is carried out through the front-office system, namely Kondor+,
impeded or included in instruments categorised as Banking and the middle-office system Fusion Risk (FR). Regarding
Book, is considered held for at least 1 (one) of the Trading Book the calculation of minimum capital provision obligations by
purposes and must be categorised in the Trading Book: considering market risk both individually and in a consolidated
manner with subsidiaries, the Bank uses the standard method
a. Instruments in the correlation trading portfolio. as stipulated in the Circular Letter of the Financial Services
b. Instruments that will create a net short position on credit or Authority, which regulates the Calculation of Risk-Weighted
equity in the Banking Book. Assets for Market Risk for Commercial Banks, which is carried
c. Instruments resulting from underwriting commitments, out using the Sensitivity Based, Default Risk Capital (DRC) and
where underwriting commitments refer only to underwriting Credit Valuation Adjustment (CVA) methods.
securities and only relate to securities that are expected to
be actually purchased by the Bank on the settlement date.
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MR1: Disclosure of ATMR for Market Risk Using the Standardized Approach (MR1)
1. Bank as Individual
Standard Approach Standard Approach
Capital Expense Capital Charges
Risk
December 2024 December 2023
Position Position
GIRR Risk 36,355
Non securitisation CSR Risk 14,953
Non-CTP securitisation CSR Risk -
CTP securitisation CSR Risk -
Equity Risk -
Commodity Risk -
Forex Risk
123,670
DRC - non-securitisation -
DRC - non-CTP securitisation -
DRC - CTP securitisation -
RRAO -
Total
174,977
*) Note: Calculation of capital expense using the standard approach (based on OJK Circular Letter No. 23/SEOJK.03/2022) has been in effect since January 1, 2024.
2. Bank consolidated with subsidiary entities
Standard Approach Standard Approach
Capital Expense Capital Charges
Risk
December 2024 December 2023
Position Position
GIRR Risk 36,355
Non securitisation CSR Risk 14,953
Non-CTP securitisation CSR Risk -
CTP securitisation CSR Risk -
Equity Risk -
Commodity Risk -
Forex Risk
122,121
DRC - non-securitisation -
DRC - non-CTP securitisation -
DRC - CTP securitisation -
RRAO -
Total
173,429
*) Note: Calculation of capital expense using the standard approach (based on OJK Circular Letter No. 23/SEOJK.03/2022) has been in effect since January 1, 2024.
3. Additional disclosure
The calculation of capital expense with a standard approach refers to SEOJK NUMBER 23/SEOJK.03/2022 concerning the Calculation
of Risk-Weighted Assets for Market Risk for Commercial Banks. The largest Bank Market Risk ATMR comes from Exchange Rate Risk.
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CVAA: Qualitative Information related to Credit Valuation Adjustment (CVAA)
CVA risk is the risk of loss arising from changes in CVA value Currently, the Bank uses a simplified BA-CVA method to
due to changes in counterparty credit spreads and Market Risk determine the amount of CVA. CVA calculations include all
factors that affect derivative transaction prices and securities derivative transactions except those made directly with qualified
financing transactions (SFT). central counterparties (QCCPs), or derivative transactions
In managing CVA risk, the Bank has identified, measured, that are made indirectly with QCCPs but the Bank is a clearing
monitored, and controlled CVA risk well. The Bank periodically member customer or a lower level client in a multi-level client
monitors CVA risk and submits CVA risk reports to management structure and all SFTs (including repo and reverse repo) that are
and regulators. fairly valued by the Bank for accounting purposes. The Bank now
also has an information system in the CVA measurement process.
CVA1: Simplified BA-CVA
1. Bank as Individual
RWA
Component
BA-CVA
a b
Aggregation of systematic components of CVA risk 565,719
Aggregation of idiosyncratic components of CVA risk 365,739
TOTAL 3,450,335
2. Bank consolidated with subsidiary entities
RWA
Component
BA-CVA
a b
Aggregation of systematic components of CVA risk 565,719
Aggregation of idiosyncratic components of CVA risk 365,739
TOTAL 3,450,335
3. Additional disclosure
The CVA Disclosure Report uses a simplified BA-CVA approach referring to SEOJK NUMBER 23 /SEOJK.03/2022 concerning the
Calculation of Risk-Weighted Assets for Market Risk for Commercial Banks. The Bank’s BA-CVA position in December 2024 was mostly
derived from Derivative transactions with Financial Companies and other sectors.
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JJ.1: RISK MANAGEMENT IMPLEMENTATION REPORT FOR INTEREST RATE RISK IN
BANKING BOOK
(INTEREST RATE RISK IN THE BANKING BOOK/IRRBB)
Name : PT Bank Maybank Indonesia. Tbk. (Individual)
Report Position : December 2024
QUALITATIVE ANALYSIS
1. Definition of Interest Rate Risk in the Banking Book 2. Risk management strategy and risk mitigation for IRRBB.
(IRRBB) for risk measurement and control. IRRBB risk management begins with the establishment
Generally, the Bank defines IRRBB as the risk resulting from of governance tailored to the Bank’s characteristics and
changes in interest rates in the market that are contrary to complexity. Centrally, the authority to manage activities
the positions in the Banking Book, which potentially impact and risks in the Banking Book lies with the Assets &
the capital and earnings of the Bank both currently and in the Liabilities Committee (ALCO), which is daily overseen by
future. the Global Market & Corporate Treasury unit. To support
ALCO’s functions, the unit specifically responsible for
The Banking Book positions are the positions held by the managing IRRBB risk processes is the Market, Liquidity &
Bank outside of the Trading Book, where the Trading Book Treasury Credit Risk Management (MLTCRM) unit, which is
itself consists of financial instruments on the balance responsible for creating policies, procedures, measurement
sheet and administrative accounts, including derivatives methodologies, and monitoring and reporting on IRRBB
transactions, held by the Bank for trading and can be risk exposure, as well as monitoring the implementation
freely transferred or hedged in their entirety, whether and compliance with established policies. To complement
for proprietary purposes, customer requests, brokerage governance, the Internal Audit unit periodically assesses the
activities, market making, and hedging against other adequacy of the overall IRRBB risk management process.
positions in the Trading Book. Examples of Banking Book
positions include placements in other banks, financial Regarding risks arising from new products/activities, all new
instruments measured at Fair Value through Other products/activities or variations of any products/activities
Comprehensive Income (FVOCI) or at Amortised Cost that may affect IRRBB risk exposure must be approved by
(AC), loans, customer deposits, loans, and other assets and management. Material sources and types of risks to be
liabilities. identified and assessed include repricing attributes, repricing
periods, cash flow profiles, and embedded options. By
The impact of market interest rate movements on capital conducting appropriate identification and assessment, IRRBB
is measured using the Economic Value of Equity (EVE) risk control can be effectively implemented.
approach, which represents the economic value change
of the Bank’s capital obtained from the net present value In managing IRRBB, the Bank establishes measurement
(NPV) difference of all cash flows of assets, liabilities, and methodologies, monitors through various reports submitted
administrative account transactions before and after the periodically, sets limits, and periodically reviews all
interest rate movement. Meanwhile, the impact of market measurement methodologies, models, and existing limits.
interest rate movements on earnings is measured by
comparing the net interest income (NII) in a specific period IRRBB risk mitigation is comprehensive and involves business
before and after the interest rate movement. units from both asset and liability sides, coordinated by
the Global Market & Corporate Treasury unit. The Bank will
fund assets using funding with appropriate characteristics,
including repricing attributes, repricing periods, cash flow
profiles, and embedded options (natural hedging) as much as
possible. If residual risk still exists, the Bank can use various
financial instruments for hedging, where each hedging
instrument used must be approved by ALCO.
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3. Periodicity of IRRBB calculation and specific EVE:
measurements used to measure sensitivity to IRRBB. Measurement based on changes in EVE is a method that
The Bank conducts calculations, measurements, monitoring, measures the impact of interest rate changes on the
and reporting of IRRBB regularly every month, and can also economic value of the Bank’s equity. EVE calculates the
be conducted ad hoc if there are special events/plans that change in NPV of all cash flows from assets, liabilities, and
may affect IRBBB exposure, such as plans for large loan administrative account transactions owned by the Bank until
disbursements, long-term funding issuances, or changes in maturity, due to specific interest rate changes. EVE is long-
market interest rates. term interest rate risk management and provides information
on the capital requirements to support/absorb IRRBB losses
Calculations and measurements are made to capture several in the long term.
main sources of IRRBB, namely:
Gap risk: Net Interest Income (NII) Change/Earning at Risk (EaR):
This risk can cause a decrease in NII or relative changes in Measurement based on changes in NII is a method that
the economic value of Bank assets and liabilities caused by measures the impact of interest rate changes on the Bank’s
differences in repricing risk from assets and liabilities or earnings in the short to medium term, generally up to 1 (one)
changes in interest rates at each time period along the yield year ahead.
curve.
Yield Spread Analysis:
Basis risk: This method is used to analyze the movement of yield levels
This risk arises from changes in the reference interest rate from assets and liabilities that are sensitive to interest rate
of a financial instrument that has the same tenor but with changes (rate-sensitive assets/rate-sensitive liabilities), and
different reference interest rates, has different tenors but the magnitude of the yield spread generated by the Bank.
with the same reference interest rate, or has the same tenor
and reference interest rate but with different currencies.
4. Interest rate shock scenarios and stress scenarios in IRRBB
Option risk: calculations using the Economic Value of Equity (EVE) and
This risk arises from derivative position option features or Net Interest Income (NII) methods.
embedded option components on most assets, liabilities, Standard approach IRRBB calculations using the EVE and NII
and administrative account transactions that can change the methods are performed for significant currency exposures
level and timing of cash flows. in the banking book (5% of total assets or liabilities), in this
case in IDR and USD. For the EVE method, 6 (six) interest
To calculate and measure the above main sources of IRRBB, rate change scenarios are used: parallel up, parallel down,
the Bank uses several methods/approaches: steepener, flatterner, short rate up, and short rate down.
Meanwhile, the NII method uses 2 (two) interest rate change
scenarios: parallel up and parallel down. The basis point
interest rate changes used are as follows:
Currency
Scenario
Rp USD
Pararel 400 200
Short 500 300
Long 350 150
In addition to the above scenarios, to comprehensively
capture IRRBB risk, especially in stressful market conditions,
the Bank also calculates IRRBB using the EVE and NII
methods with stress scenarios determined by management
according to the assumptions of existing stress conditions.
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5. Assumptions for modeling in the Internal Measurement For accounts that do not pass the PTT, further
System (IMS) used by the Bank. assessment is conducted to identify stable funding
The calculation of IRRBB as of December 2024 has utilised a and less-stable funding using percentiles from the
system for calculating and reporting IRRBB, which has been last 10 years of historical data. Less-stable funding is
adjusted to the standard approach as stipulated. categorised as non-core deposits placed in an overnight
(O/N) time frame, while stable funding is categorised
6. Hedging against IRRBB and related accounting treatment. as core deposits mapped to time frames ranging from
As outlined in point 2 above, the Bank will fund assets O/N to 1 month up to 9 - 10 years, using a volatility rate
using funding with appropriate characteristics, including model, while adhering to time frame limitations and core
repricing attributes, repricing periods, cash flow profiles, and deposit proportions as stipulated by OJK regulations.
embedded options (natural hedging) as much as possible. If
residual risk still exists, the Bank can use various financial
instruments for hedging, where each hedging instrument c. The methodology used to estimate the Conditional
used must be approved by ALCO. Prepayment Rate (CPR) of loans and/or the Time
Deposit Redemption Rate (TDRR) of term deposits.
7. Main assumptions of modeling and parametrics in the The Bank estimates the Conditional Prepayment Rate
calculation of ∆EVE and ∆NII. (CPR) for loans and/or Time Deposit Redemption rates
a. The use of commercial margins and spread components (TDRR) for fixed-term deposits using a non-parametric
in cash flow calculations and the discount interest rate method. The CPR estimation utilises the single monthly
used in EVE method calculations. mortality (SMM) rate measured over the past year. The
The bank, in measuring IRRBB exposure, especially SMM estimation is derived from the historical average
in the December 2024 position reporting, has not prepayment per account for auto loans and housing
yet considered the commercial margin and spread loans each month. The prepayment rate is the ratio of
components in its cash flow calculations. total accelerated payments to the total outstanding loan
b. Determining the average reassessment maturity amount.
(repricing maturities) of Non Maturity Deposits
(NMD), including unique product characteristics that Regarding the analysis of fixed-term deposit behavior
influence repricing behavior assessment. (TDRR), the bank also employs a non-parametric method,
In assessing the repricing behavior of NMD products, namely vintage analysis, using the past year’s historical
such as checking and savings accounts, the Bank data. TDRR analysis is conducted for each fixed-term
categorises customers into three (3) categories: deposit period, derived from the historical average of
transactional retail, non-transactional retail, and prematurely withdrawn fixed-term deposits divided by
wholesale. This categorisation aligns with the the total outstanding fixed-term deposits. However, in
characteristics stipulated in the Financial Services this standard approach to IRRBB calculation, TDRR is
Authority (OJK) regulations concerning Liquidity not considered because the bank has imposed penalties
Coverage Ratio (LCR). Based on these three categories, on customers who withdraw their deposits prematurely,
the Bank conducts a pass-through-test (PTT) per account which can offset the economic losses resulting from early
to identify the sensitivity of each account to changes in redemption.
market interest rates. Accounts that pass the PTT are
considered to have interest rates sensitive to market
movements and are categorised as non-core deposits
placed in an overnight (O/N) time frame.
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d. Other assumptions, including instruments with currency is considered. The bank also aggregates
behavioral options. EVE exposure for each scenario of interest rate shock
In this standard approach calculation of IRRBB, the Bank between currencies by considering the correlation of
has not yet calculated and included additional (add-on) interest rate movements and generating the maximum
for products that have automatic interest rate options, smaller ∆EVE.
either explicitly or implicitly. This is due to limitations in
historical data and methodologies used. 8. Additional information
From the calculation of IRRBB for the December 2024 period,
e. The methodology for aggregating between currencies the largest impact on IRRBB for the IDR currency occurred
and the correlation of interest rates between in the scenario of a 400 bps parallel increase in IDR interest
significant currencies. rates, and for the USD currency, it occurred in the scenario
The Bank aggregates EVE exposure for each scenario of a 200 bps parallel decrease in USD interest rates. For total
of interest rate shock between currencies using a IRRBB, the greatest impact occurred in the scenario of a
methodology consistent with the standard approach parallel increase in interest rates (parallel up).
to IRRBB calculation guidelines. In the same interest
rate shock scenario, only the EVE loss value from each
QUANTITATIVE ANALYSIS
The average and longest adjustment period for interest rate adjustments applied to NMD.
In accordance with the qualitative explanation and analysis in point 7.b., the average and longest adjustment periods for interest rate
adjustments for NMD are 2.28 (two point two eight) years and 10 (ten) years, respectively.
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JJ.2: RISK MANAGEMENT IMPLEMENTATION REPORT FOR INTEREST RATE RISK IN
BANKING BOOK
(INTEREST RATE RISK IN THE BANKING BOOK/IRRBB)
Name : PT Bank Maybank Indonesia. Tbk. (Consolidated)
Report Position : December 2024
QUALITATIVE ANALYSIS
1. Definition of Interest Rate Risk in the Banking Book
and monitoring and reporting IRRBB risk exposure,
(IRRBB) for risk measurement and control.
also monitors the implementation and compliance with
Generally, the Bank defines IRRBB as the risk resulting from
established policies. To complement governance, the Internal
interest rate movements in the market that are contrary to
Audit unit periodically assesses the adequacy of the overall
the Banking Book positions, potentially impacting the capital
IRRBB risk management process.
and earnings of the Bank both currently and in the future.
Regarding risks arising from new products/activities, all
The Banking Book positions are those held by the Bank
new products/activities or variations of existing products/
outside of the Trading Book positions, where the Trading
activities that may affect IRRBB exposure must be approved
Book positions themselves consist of financial instruments
by management. Identified and assessed material sources
on the balance sheet and administrative accounts, including
and types of risk include repricing attributes, interest rate
derivatives transactions, held by the Bank for trading
adjustment periods, cash flow profiles, and embedded
purposes and can be freely transferred or hedged in full,
options. By conducting appropriate identification and
whether for proprietary positions, customer requests,
assessment, IRRBB risk control can be effectively carried out.
brokering activities, and market making, as well as
hedging other positions in the Trading Book. Examples of
In managing IRRBB, the Bank establishes measurement
Banking Book positions include placements with other
methodologies, monitors through various reports submitted
banks, securities measured at Fair Value through Other
periodically, sets limits, and periodically reviews all existing
Comprehensive Income (FVOCI) or at Amortised Cost
measurement methodologies, models, and limits.
(AC), loans, customer deposits, loans, and other assets and
liabilities.
IRRBB risk mitigation is comprehensive and involves business
units from both asset and liability sides, in coordination with
The impact of market interest rate movements on capital
the Global Market & Corporate Treasury unit. The Bank will
is measured using the Economic Value of Equity (EVE)
endeavor to fund assets using funding that has appropriate
approach, which is the economic value change of the Bank’s
characteristics, both in terms of repricing attributes, interest
capital obtained from the net present value (NPV) difference
rate adjustment periods, cash flow profiles, and embedded
of all cash flows of assets, liabilities, and administrative
options (natural hedging). If residual risks still exist, the Bank
account transactions before and after interest rate
can use various financial instruments for hedging, where
movements. Meanwhile, the impact of market interest rate
each hedging instrument used must be approved by ALCO.
movements on earnings is measured by comparing net
interest income (NII) in a certain period before and after
3. Periodicity of IRRBB calculation and specific
interest rate movements.
measurements used to measure sensitivity to IRRBB.
The Bank performs calculation, measurement, monitoring,
2. Risk management strategy and risk mitigation for IRRBB.
and reporting of IRRBB periodically every month and can
IRRBB risk management starts with establishing
also be done as needed if there are specific events/plans
governance appropriate to the Bank’s characteristics and
that can affect IRRBB exposure, such as plans for large loan
complexity. Centrally, the authority for managing activities
disbursements, issuance of long-term funding, or changes in
and risks in the Banking Book lies with the Assets &
market interest rates.
Liabilities Committee (ALCO), which is daily managed by
the Global Market & Corporate Treasury unit. To support
ALCO’s function, the Market, Liquidity & Treasury Credit Risk
Management (MLTCRM) unit, specifically responsible for
creating policies, procedures, measurement methodologies,
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Calculations and measurements are carried out to capture 4. Interest rate shock scenarios and stress scenarios in IRRBB
several primary sources of IRRBB, namely: calculations using the Economic Value of Equity (EVE) and
Gap risk: Net Interest Income (NII) methods.
the risk that may cause a decrease in NII or relative changes Standard approach IRRBB calculations using EVE and NII
in the economic value of the Bank’s assets and liabilities due methods are performed for banking book exposures in
to differences in repricing timing (repricing risk) of assets and significant currencies (5% of total assets or liabilities), in this
liabilities or due to changes in interest rates at each tenor of case, in IDR and USD. For the EVE method, 6 (six) scenarios
the yield curve. of interest rate changes are used: parallel up, parallel down,
steepener, flatterner, short rate up, and short rate down.
Basis risk: Meanwhile, the NII method uses 2 (two) scenarios of interest
the risk arising from changes in the reference interest rate of rate changes: parallel up and parallel down. The basis point
a financial instrument with the same tenor but with different changes in interest rates used are as follows:
reference interest rates, different tenors but with the same
reference interest rate, or the same tenor and reference Currency
interest rate but with different currencies. Scenario
Rp USD
Option risk: Pararel 400 200
the risk arising from the option features of derivative Short 500 300
positions or option components inherent in most assets,
Long 350 150
liabilities, and administrative account transactions that can
change the level and timing of cash flows.
Apart from the above scenarios, to comprehensively capture
IRRBB risks, especially in stressful market conditions, the
To calculate and measure the above primary sources of
Bank also calculates IRRBB using EVE and NII methods
IRRBB, the Bank uses several methods/approaches:
using stress scenarios set by management according to the
EVE:
assumptions of existing stress conditions.
Measurement based on changes in EVE is a method that
measures the impact of interest rate changes on the
5. Modeling assumptions in the Internal Measurement
economic value of the Bank’s equity. EVE calculates the
System (IMS) used by the Bank.
change in NPV of all cash flows from assets, liabilities, and
The calculation of IRRBB as of December 2024 has utilised a
administrative account transactions owned by the Bank until
system for IRRBB calculation and reporting, which has been
maturity due to certain interest rate changes. EVE is long-
adjusted to the standard approach as per regulations.
term interest rate risk management and provides information
about the capital needs to support/absorb IRRBB losses in
6. Hedging against IRRBB and related accounting treatment.
the long term.
As outlined in point 2 above, the Bank will endeavor to fund
assets using funding that has appropriate characteristics,
NII Change / Earnings at Risk (EaR):
including repricing attributes, interest rate adjustment
Measurement based on changes in NII is a method that
periods, cash flow profiles, and embedded options (natural
measures the impact of interest rate changes on the Bank’s
hedging). If residual risk persists, the Bank may use various
earnings in the short/medium term, generally up to the next
financial instruments for hedging, where each hedging
1 (one) year.
instrument used must be approved by ALCO.
Yield Spread Analysis:
7. Key modeling assumptions and parameters in calculating
This method is used to analyze the movement of yield rates
∆EVE and ∆NII.
from assets and liabilities that are sensitive to changes in
a. Use of commercial margins and spread components in
interest rates (rate-sensitive assets/rate-sensitive liabilities)
cash flow calculations and discount interest rates used
and the spread of yields generated by the Bank.
in EVE calculations.
In measuring IRRBB exposure, particularly in reporting
the December 2024 position, the Bank has not been able
to consider commercial margin components and spread
components in its cash flow calculations.
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b. Determination of the average repricing maturities Regarding the analysis of fixed-term deposit behavior
for Non-Maturity Deposits (NMD), including unique (TDRR), the Bank also uses a non-parametric method,
product characteristics influencing repricing behavior. namely vintage analysis, with historical data from the
In assessing repricing behavior for NMD products, last 1 (one) year. TDRR analysis is performed for each
such as current accounts and savings accounts, the fixed-term deposit period and is obtained from the
Bank categorises customers into 3 (three) categories: average actual premature withdrawals divided by the
transactional retail, non-transactional retail, and total outstanding fixed-term deposits. However, in
wholesale, in accordance with characteristics specified this standard approach IRRBB calculation, TDRR is not
in OJK regulations related to Liquidity Coverage Ratio considered because the Bank has imposed a penalty on
(LCR). Based on these 3 categories, the bank conducts customers who withdraw their deposits prematurely,
a pass-through-test (PTT) per account to identify the which can compensate for the economic losses due to
sensitivity of the account to changes in market interest early redemption.
rates. The bank’s PTT uses a parametric method to assess
the extent of co-movement of interest rate movements d. Other assumptions, including instruments with
per account with market interest rate movements. behavioral options.
In this standard approach IRRBB calculation, the Bank
Accounts that pass the PTT signify that they have has not yet calculated and included add-ons for products
interest rates sensitive to market interest rate with automatic interest rate options, whether explicit
movements and are categorised as non-core deposits and or embedded, due to limitations in historical data and
placed on an overnight (O/N) time scale. methodology used.
For accounts that do not pass the PTT, further e. Methodology for currency aggregation and significant
assessment is conducted to identify stable funding and inter-currency interest rate correlations.
less-stable funding portions using percentiles from The Bank aggregates ∆EVE exposure for each inter-
historical data for the last 10 years. The less-stable currency interest rate shock scenario using the
funding portion is categorised as non-core deposits and methodology specified in the standard approach IRRBB
placed on an overnight (O/N) time scale. Meanwhile, the calculation guidelines, where for the same interest rate
stable funding portion is categorised as core deposits scenario, only the EVE loss value from each currency is
and mapped to time scales ranging from O/N to 1 month considered. The Bank also aggregates ∆EVE exposure
up to 9 - 10 years using a volatility rate model while for each inter-currency interest rate shock scenario by
adhering to time scale limitations and core deposit considering interest rate movement correlations and
portion restrictions as per OJK regulations. produces the smallest maximum ∆EVE.
c. Methodology used to estimate Conditional 8 Other additional information.
Prepayment Rate (CPR) for loans and/or Time Deposit From the IRRBB calculation results for the December
Redemption Rate (TDRR) for fixed-term deposits. 2024 period, the largest impact on IRRBB for IDR currency
The Bank estimates CPR value using a non-parametric occurred in the parallel interest rate increase (parallel up)
method, namely by measuring the single monthly scenario of IDR by 400 bps, and for USD currency, the
mortality (SMM) rate with historical data for the last 1 largest impact occurred in the parallel interest rate decrease
(one) year. The SMM estimation is obtained from the (parallel down) scenario of USD by 200 bps. For total IRRBB,
average actual prepayment per account historically from the largest impact occurred in the parallel interest rate
auto loan and housing loan products for each month. increase scenario (parallel up).
The prepayment rate value is the ratio between the total
accelerated payment nominal and the total remaining
outstanding nominal loan.
QUANTITATIVE ANALYSIS
The average and longest adjustment periods for interest rates applied to NMD.
In accordance with the explanation and qualitative analysis in point 7.b., the average and longest adjustment periods for interest rates
for NMD are 2.28 (two point two eight) years and 10 (ten) years, respectively.
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KK: MARKET RISK
IRRBB Calculation
Bank Name : PT Bank Maybank Indonesia, Tbk. (Individual)
Position of Report : December 2024
Currency : Rp
(in million rupiah)
∆EVE ∆NII
Period
December 2024 September 2024 December 2024 September 2024
Parallel up 2,693,499 2,516,025 1,908,954 1,019,717
Parallel down 289,201 339,159 - 15,045
Steepener - -
Flattener 1,063,976 950,042
Short rate up 2,022,081 1,859,222
Short rate down 94,250 98,712
Absolute Negative Maximum Value 2,693,499 2,516,025 1,908,954 1,019,717
Tier 1 Capital (for ∆ EVE) or Projected Income (for ∆ NII) 23,664,322 23,561,041 6,048,370 6,048,370
Maximum amount divided by Tier 1 capital (for ∆ EVE) or 11.38% 10.68% 31.56% 16.86%
Projected Income (for ∆ NII)
Bank Name : PT Bank Maybank Indonesia, Tbk. (Consolidated)
Position of Report : December 2024
Currency : Rp
(in million rupiah)
∆EVE ∆NII
Period
December 2024 September 2024 December 2024 September 2024
Parallel up 3,076,466 2,770,727 1,735,739 817,984
Parallel down 289,201 339,159 - 209,800
Steepener - -
Flattener 1,279,587 1,114,832
Short rate up 2,358,986 2,098,088
Short rate down 94,250 98,712
Absolute Negative Maximum Value 3,076,466 2,770,727 1,735,739 817,984
Tier 1 Capital (for ∆ EVE) or Projected Income (for ∆ NII) 28,878,652 28,581,273 8,301,998 8,301,998
Maximum amount divided by Tier 1 capital (for ∆ EVE) or 10.65% 9.69% 20.91% 9.85%
Projected Income (for ∆ NII)
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LL.1: LIQUIDITY RISK
Report on Calculation for Quarterly Liquidity Coverage Ratio (LCR)
Bank Name : PT Bank Maybank Indonesia Tbk.
Position of Report : December 2024
INDIVIDUAL
December 2024
HQLA after haircut,
No Components Outstanding outstanding commitment Outstanding
commitment and and liabilities times run- commitment and
liabilities / contractual off rate or contractual liabilities / contractual
receivables receivables times inflow receivables
rate
1 Total Data Used in LCR Calculation 63 days
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid Asset (HQLA) 41,858,642
CASH OUTFLOW
3 Retail deposits and deposits from Micro and Small Business customers, 31,831,443 2,856,256 32,065,803
consist of:
a. Stable deposit/funding 6,537,773 326,889 6,628,129
b. Less stable deposit/funding 25,293,670 2,529,367 25,437,674
4 Wholesale Funding, consist of: 38,804,059 12,183,342 38,169,556
a. Operational deposit 20,358,980 4,888,581 20,015,409
b. Non operational deposit and/or Other Non Operational liabilities 18,440,647 7,290,330 18,112,086
c. Marketable securities issued by bank 4,431 4,431 42,062
5 Secured funding -
6 Other cash outflow (additional requirement), consist of: 113,915,407 62,360,468 88,373,824
a. cash outflow from derivative transaction 51,185,657 51,185,657 30,112,255
b. cash outflow from additional liquidity requirement - - -
c. cash outflow from liquidation of funding - - -
d. cash outflow from disbursement of loan commitment and liquidity 1,218,939 115,518 1,799,783
facilities
e. cash outflow from other contractual liabilities related to placement of 3,629 3.26 2,563
funds
f. cash outflow from other funding related contingencies liabilities 50,575,541 127,649 45,363,313
g. other contractual cash outlfow 10,931,640 10,931,640 11,095,909
7 TOTAL CASH OUTFLOW 77,400,066
CASH INFLOW
8 Secured lending - 10,432 -
9 Inflows from fully performing exposures - 4,065,388 -
10 Other Cash Inflow - 51,173,438 -
11 TOTAL CASH INFLOW - 55,249,257 -
TOTAL ADJUSTED
VALUE¹
12 TOTAL HQLA 41,858,642
13 TOTAL NET CASH OUTFLOWS 22,150,809
14 LCR (%) 188.97%
Keterangan:
¹ Adjusted value is calculated after haircut, run-off rate, inflow rate, and HQLA components maximum limit, for example, the maximum limit of HQLA is Level 2B and
HQLA is Level 2, and the determined maximum limit of cash inflow that can be calculated in LCR.
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Governance Responsibility
(in million rupiah)
CONSOLIDATED
September 2024 December 2024 September 2024
HQLA after haircut, HQLA after haircut, HQLA after haircut,
outstanding commitment Outstanding outstanding commitment Outstanding outstanding commitment
and liabilities times run- commitment and and liabilities times run- commitment and and liabilities times run-
off rate or contractual liabilities/contractual off rate or contractual liabilities/contractual off rate or contractual
receivables times inflow receivables receivables times inflow receivables receivables times inflow
rate rate rate
62 days 63 days 62 days
39,699,919 41,864,551 39,736,905
2,875,174 31,831,443 2,856,256 32,065,208 2,875,104
331,406 6,537,773 326,889 6,628,338 331,417
2,543,767 25,293,670 2,529,367 25,436,870 2,543,687
11,962,549 38,890,133 12,269,417 38,235,700 12,031,690
4,810,072 20,358,980 4,888,581 20,021,415 4,811,638
7,110,415 18,440,647 7,290,330 18,099,719 7,105,487
42,062 90,506 90,506 114,565 114,565
- - -
41,496,008 117,681,100 63,073,212 90,736,278 41,421,679
30,112,255 51,185,657 51,185,657 30,146,587 30,146,587
- - - - -
- - - - -
169,941 1,218,939 115,518 1,799,649 169,928
6.73 70,033 3.26 51,624 6.73
117,896 53,719,286 284,849 47,878,197 244,935
11,095,909 11,487,184 11,487,184 10,860,222 10,860,222
56,333,731 78,198,885 56,328,473
- - - - -
4,363,778 - 4,428,631 - 4,787,884
30,075,902 - 51,173,438 - 30,110,109
34,439,680 - 55,612,500 - 34,897,994
TOTAL ADJUSTED TOTAL ADJUSTED TOTAL ADJUSTED
VALUE¹ VALUE¹ VALUE¹
39,699,919 41,864,551 39,736,905
21,894,051 22,586,385 21,430,479
181.33% 185.35% 185.42%
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
LL.2: LIQUIDITY RISK
Liquidity Adequacy Ratio Calculation Report (LCR)
Name of Bank : PT Bank Maybank Indonesia Tbk. (Consolidated)
Position of Report : December 2024
ANALYSIS
The average daily Liquidity Coverage Ratio (LCR) throughout the Bank Liquidity Management:
fourth quarter of 2024 stood at 188.97% (individual), still above Liquidity risk is actively managed by several working units. The
the regulatory requirements. The average LCR experienced a Bank’s strategic liquidity management is performed centrally by
increase of 7.64% compared to the third quarter of 2024, which the Corporate Treasury Liquidity Management (CTLM) unit and
was 181.33%, primarily due to a increase in the average High- supported operationally by other business/support units, such as
Quality Liquid Assets (HQLA) by Rp2.16 trillion, mostly from level the Global Market (GM) Rates business unit that performs daily
1 securities held by the bank, although on the other hand the liquidity management, credit, funding, operations, information
average Net Cash Outflow also increased by Rp256.76 billion due technology, corporate communications, and risk management.
to increase in the average Cash Inflow originating from matured Thus, the need/availability of funding arising from the Bank’s
Corporate customer loans. daily operational activities can be managed properly to maximise
the Bank’s performance. Also, with good cooperation between
In Q4 2024, the composition of High Quality Liquid Assets work units, liquidity risk triggered by other risk events (credit
(HQLA) consisted of 97.54% level 1 assets, 2.28% level 2A assets, risk, market risk, operational risk, legal risk, compliance risk,
and the rest consisted of level 2B assets. For the composition reputation risk, and strategic risk) can be detected and mitigated
of HQLA level 1, 25.72% came from current accounts with Bank properly and in a timely manner. Furthermore, new products/
Indonesia and placements with Bank Indonesia, 70.54% of the transactions/activities that result in additional assets and
composition came from the purchase of government securities or liabilities, always go through a thorough review and approval
Bank Indonesia. While the rest is in the form of cash. process before the new products/transactions/activities are
implemented.
In managing its liquidity, the Bank’s main source of funding
currently comes from Third Party Funds (DPK) and if necessary, In addition, the unit that specifically carries out the liquidity risk
also from money market instruments for day-to-day liquidity management process is the Market, Liquidity & Treasury Credit
management. In addition, to maintain a more stable funding Risk Management (MLTCRM) unit, which is responsible for
structure, the Bank continues to increase funding from retail developing policies, procedures, measurement methodologies
customers/funding used for customer operational activities, and and monitoring and reporting liquidity risk exposures, as well
has and will also conduct funding sourced from the issuance of as monitoring the implementation and compliance with these
securities and loans, both medium and long term, as needed to policies to support the functions of the Assets and Liabilities
support the Bank’s overall growth. Committee (ALCO).
388 2024 Annual Report
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Governance Responsibility
To measure liquidity risk, the Bank sets several parameters well as conducts liquidity stress testing, which aims to ensure
such as various liquidity ratios, liquidity gap analysis, and stress the Bank’s readiness in facing a liquidity crisis, including the
testing, along with their limits. The types of ratios set include: monitoring process of various early warning indicators (EWI) of
Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), liquidity crisis which is carried out on a daily basis.
Operating Cash Flow (OCF), Interbank Taking, FX Swap Funding,
Secondary Reserve, and 50 Largest Depositors, all of which aim In addition, several strategic steps were taken to mitigate
to control liquidity risk in accordance with the established risk liquidity and funding risks, including by restructuring the source
appetite. and term of funding through the issuance of securities (NCD,
MTN, Bonds) denominated in Rupiah. On the other hand, the
In strengthening the implementation of liquidity risk Bank continues to seek potential medium and/or long term
management, the Bank establishes and periodically tests the bilateral loans to support liquidity needs in USD.
Recovery Plan (RCP) and Liquidity Contingency Plan (LCP) as
CONSOLIDATION ANALYSIS
PT WOM Finance, Tbk and PT Maybank Indonesia Finance are subsidiaries of PT Bank Maybank Indonesia Tbk, primarily engaged in
automotive financing. In the consolidation calculation of the average daily Liquidity Coverage Ratio (LCR) throughout the fourth quarter
of 2024, the compliance level was 185.35%. The consolidated LCR experienced a decrease of 0.07% compared to the consolidated LCR
position in the third quarter of 2024, which was 185.42%. The decline in consolidated LCR is mainly due to a increase in the average
Other Contractual Cash Outflow originating from subsidiaries and also decline in average Cash Inflow originating from matured
Corporate Customer Loans. Meanwhile, the average High Quality Liquid Assets (HQLA) increased by Rp2.13 trillion, primarily from level
1 securities held by the Bank.
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
MM: LIQUIDITY RISK
Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (individual)
Position of Report : December 2024
A. NSFR CALCULATION
September 2024
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1 Capital: 26,134,162 - - 100,000 26,234,162
2 Regulatory Capital as per POJK 26,134,162 - - 100,000 26,234,162
KPMM
3 Other capital instruments - - - - -
4 Retail deposits and deposits 31,667,591 15,511,430 3,770,710 1,425,640 47,663,641
from micro and small business
customers:
5 Stable Deposits 7,020,550 495,421 148,893 124,266 7,405,887
6 Less Stable Deposits 24,647,041 15,016,009 3,621,818 1,301,374 40,257,754
7 Wholesale Funding: 22,913,666 42,249,151 6,319,334 4,574,351 32,186,987
8 Operational deposits 19,202,198 - - - 9,601,099
9 Other wholesale funding 3,711,468 42,249,151 6,319,334 4,574,351 22,585,888
10 Liabilities with matching - - - - -
interdependent assets
11 Other liabilities and equity:
12 NSFR derivative liabilities -
13 All other liabilities and equity not 6,373,873 9,327,650 - 706,163 718,667
included in the above categories
14 TOTAL ASF 106,803,457
¹ Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
390 2024 Annual Report
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Governance Responsibility
December 2024
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
26,256,460 - - 100,000 26,356,460 1.1
1.2
26,256,460 - - 100,000 26,356,460 1.3
- - - - - 2
3
30,140,609 17,122,090 3,461,831 1,749,382 47,776,215 2.1
3.1
7,031,853 333,411 129,852 96,681 7,217,042 2.2
3.2
23,108,756 16,788,679 3,331,978 1,652,701 40,559,173 4
26,726,289 42,877,986 7,184,173 4,059,757 34,036,382 4.1
22,920,440 - - - 11,460,220 4.2
3,805,850 42,877,986 7,184,173 4,059,757 22,576,163 5
- - - - - 6
6.1
- 6.2 until 6.5
5,723,246 14,825,993 298,785 400,045 675,742 7
108,844,799
2024 Annual Report PT Bank Maybank Indonesia Tbk 391
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (individual)
Position of Report : December 2024
A. NSFR CALCULATION
September 2024
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
15 Total NSFR HQLA 1,345,026
16 Deposits held at other financial 3,121,603 - - - 1,560,801
institutions for operational
purposes
17 Performing loans and securities 27,066 41,635,052 22,198,941 58,125,661 72,422,927
18 to financial institutions secured by - 1,384,692 - - 138,469
Level 1 HQLA
19 to financial institutions secured by 27,066 1,974,586 745,089 3,718,775 4,391,567
non-Level 1 HQLA and unsecured
performing loans to financial
institutions
20 to non- financial corporate clients, - 33,000,440 18,845,983 36,465,671 50,287,790
retail and small business customers,
government of Indonesia, other
sovereigns, Bank Indonesia, other
central banks and pubic service
entities, of which:
21 meet a risk weight of less than or - 4,124,183 399,847 3,452,560 4,506,179
equal to 35% under SE OJK ATMR
for credit risk
22 Unpledged residential mortgages, - 531,382 1,079,073 8,836,391 8,316,160
of which:
23 meet a risk weight of less than or - 276,166 561,139 4,480,107 3,330,722
equal to 35% under SE OJK ATMR
for credit risk
24 Securities that are unpledged, not - 343,603 567,811 1,172,157 1,452,040
in default and do not qualify as
HQLA, including exchange-traded
equities
25 Assets with matching - - - - -
interdependent liabilities
26 Other assets: 20,384,511 2,425,374 15,869 127,890 22,279,709
27 Physical traded commodities, - -
including gold
28 Cash, securities and other - -
assets posted as initial margin
for derivative contracts or
contributions to default funds of
central counterparty (CCPs)
29 NSFR derivative assets - 323,562
30 20% NSFR derivative liabilities 323,562
before deduction of variation
margin posted
31 All other assets not included in the 20,384,511 2,101,812 15,869 127,890 21,956,146
above categories
32 Off-balance sheet items 48,440,947
33 Total RSF 97,823,020
34 Net Stable Funding Ratio (%) 109.18%
¹ Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
392 2024 Annual Report
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Governance Responsibility
December 2024
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1,180,078 1
2,322,068 - - - 1,161,034 2
18,813 46,663,790 20,977,874 63,045,666 75,598,725 3
- 829,024 - - 82,902 3.1.1
18,813 2,376,929 443,940 5,021,290 5,602,622 3.1.2
3.13
- 37,022,869 18,104,372 34,260,482 47,689,586 3.1.4.2
3.1.5
3.1.6
- 5,094,545 512,791 7,168,828 7,463,406 3.1.4.1
- 485,506 1,082,975 8,720,916 8,197,019 3.1.7.2
- 287,285 624,399 4,870,967 3,621,971 3.1.7.1
- 567,631 209,397 3,003,181 2,941,218 3.2
- - - - - 4
19,171,496 1,653,469 24,411 196,123 21,015,887 5
- - 5.1
- - 5.2
- 142,973 5.3
142,973 5.4
19,171,496 1,510,496 24,411 196,123 20,872,914 5.5 until 5.12
52,311,955 12
99,154,840 13
109.77% 14
2024 Annual Report PT Bank Maybank Indonesia Tbk 393
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
MM: LIQUIDITY RISK
Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (Consolidated)
Position of Report : December 2024
A. NSFR CALCULATION
September 2024
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1 Capital: 30,806,368 - - 100,000 30,906,368
2 Regulatory Capital as per POJK 30,806,368 - - 100,000 30,906,368
KPMM
3 Other capital instruments - - - - -
4 Retail deposits and deposits 31,667,591 15,511,430 3,770,710 1,425,640 47,663,641
from micro and small business
customers:
5 Stable Deposits 7,020,550 495,421 148,893 124,266 7,405,887
6 Less Stable Deposits 24,647,041 15,016,009 3,621,818 1,301,374 40,257,754
7 Wholesale Funding: 22,267,415 43,382,879 6,375,290 8,200,789 35,841,403
8 Operational deposits 19,202,198 - - - 9,601,099
9 Other wholesale funding 3,065,218 43,382,879 6,375,290 8,200,789 26,240,304
10 Liabilities with matching - - - - -
interdependent assets
11 Other liabilities and equity:
12 NSFR derivative liabilities -
13 All other liabilities and equity not 6,373,873 9,527,650 1,265,000 2,585,163 3,230,167
included in the above categories
14 TOTAL ASF 117,641,579
¹ Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
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Governance Responsibility
December 2024
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
31,136,087 - - 100,000 31,236,087 1.1
1.2
31,136,087 - - 100,000 31,236,087 1.3
- - - - - 2
3
30,140,609 17,122,090 3,461,831 1,749,382 47,776,215 2.1
3.1
7,031,853 333,411 129,852 96,681 7,217,042 2.2
3.2
23,108,756 16,788,679 3,331,978 1,652,701 40,559,173 4
26,324,750 44,606,156 7,238,751 7,298,257 37,302,171 4.1
22,920,440 - - - 11,460,220 4.2
3,404,311 44,606,156 7,238,751 7,298,257 25,841,951 5
- - - - - 6
6.1
- 6.2 until 6.5
5,723,246 15,625,993 1,744,230 1,298,600 2,297,020 7
118,611,493
2024 Annual Report PT Bank Maybank Indonesia Tbk 395
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Net Stable Funding Ratio Calculation (NSFR)
Bank Name : PT Bank Maybank Indonesia Tbk. (Consolidated)
Position of Report : December 2024
A. NSFR CALCULATION
September 2024
Carrying Value By Residual Maturity (In million Rupiah)
ASF Component Weighted
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
15 Total NSFR HQLA 1,345,026
16 Deposits held at other financial 3,121,603 - - - 1,560,801
institutions for operational
purposes
17 Performing loans and securities 26,771 43,347,449 25,529,841 66,411,490 82,060,081
18 to financial institutions secured by - 1,384,692 - - 138,469
Level 1 HQLA
19 to financial institutions secured by 26,771 1,766,241 744,756 3,716,603 4,357,933
non-Level 1 HQLA and unsecured
performing loans to financial
institutions
20 to non- financial corporate clients, - 34,921,182 22,177,215 44,753,671 59,958,577
retail and small business customers,
government of Indonesia, other
sovereigns, Bank Indonesia, other
central banks and pubic service
entities, of which:
21 meet a risk weight of less than or - 4,124,183 399,847 3,452,560 4,506,179
equal to 35% under SE OJK ATMR
for credit risk
22 Unpledged residential mortgages, - 531,382 1,079,073 8,836,391 8,316,160
of which:
23 meet a risk weight of less than or - 276,166 561,139 4,480,107 3,330,722
equal to 35% under SE OJK ATMR
for credit risk
24 Securities that are unpledged, not - 343,603 567,811 1,172,157 1,452,040
in default and do not qualify as
HQLA, including exchange-traded
equities
25 Assets with matching - - - - -
interdependent liabilities
26 Other assets: 20,448,315 1,943,637 29,099 159,445 21,906,561
27 Physical traded commodities, - -
including gold
28 Cash, securities and other - -
assets posted as initial margin
for derivative contracts or
contributions to default funds of
central counterparty (CCPs)
29 NSFR derivative assets - 323,562
30 20% NSFR derivative liabilities 323,562 -
before deduction of variation
margin posted
31 All other assets not included in the 20,448,315 1,620,075 29,099 159,445 21,582,999
above categories
32 Off-balance sheet items 51,584,947 371,757
33 Total RSF 107,244,226
34 Net Stable Funding Ratio (%) 109.70%
¹ Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
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Governance Responsibility
December 2024
Carrying Value By Residual Maturity (In million Rupiah) Reference no of
Weighted NSFR worksheet
No Specified Value
< 6 Months ≥ 6 Months - < 1 year ≥ 1 year
Maturity¹
1,180,078 1
2,322,068 - - - 1,161,034 2
18,564 48,643,429 24,450,641 71,600,822 85,566,693 3
- 829,024 - - 82,902 3.1.1
18,564 2,376,790 443,647 4,820,426 5,401,553 3.1.2
3.13
- 39,002,647 21,577,432 43,016,503 57,858,623 3.1.4.2
3.1.5
3.1.6
- 5,094,545 512,791 7,168,828 7,463,406 3.1.4.1
- 485,506 1,082,975 8,720,916 8,197,019 3.1.7.2
- 287,285 624,399 4,870,967 3,621,971 3.1.7.1
- 567,631 209,397 3,003,181 2,941,218 3.2
- - - - - 4
19,182,214 1,168,708 28,633 206,820 20,556,764 5
- - 5.1
- - 5.2
- 142,973 5.3
142,973 - 5.4
19,182,214 1,025,736 28,633 206,820 20,413,791 5.5 until 5.12
55,455,955 356,316 12
108,820,885 13
109.00% 14
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
B. NSFR Development Analysis
INDIVIDUAL ANALYSIS
Individual NSFR for the position in December 2024 was 109.77%, where ASF was Rp108.84 trillion and RSF was Rp99.15 trillion.
The NSFR position increased by 0.59% compared to the position in September 2024, mainly due to the increase in ASF (after weighting) by Rp2.04 trillion,
mostly from operational deposits and corporate customer funding. On the other hand, RSF (after weighting) also increased by Rp1.33 trillion, mainly from loans
categorised as Current and Special Mention.
The composition of ASF was mostly derived from deposits from retail customers and funding from corporate customers which in total (after adjusted) reached
Rp81.81 trillion or 75.16% of total ASF, while the rest came from issued capital and securities. Funding with a maturity of more than 1 (one) year is Rp6.21 trillion.
For RSF, its composition is mostly dominated by loans with the category Current and Special Attention (performing) which reached Rp75.60 trillion (after
weighting) or 76.24% of the total RSF. The amount of loans categorised as Current and Special Attention (performing) with maturities of more than 1 (one) year
amounted to Rp63.04 trillion.
CONSOLIDATION ANALYSIS
PT WOM Finance, Tbk. and PT Maybank Indonesia Finance is a subsidiary of PT Bank Maybank Indonesia Tbk, where the main activity is engaged in automotive
financing.
Consolidated NSFR with subsidiaries position in December 2024 was 109.00% (0.77% lower than individual NSFR Banks), with total ASF (after weighting) of
Rp118.61 trillion and RSF (after weighting) of Rp108.82 trillion.
Compared to the position of ASF Bank as an individual, ASF on a consolidated basis was higher at Rp9.77 trillion originating from Capital, Securities issued by
subsidiaries and subsidiary loans. Meanwhile, the RSF was higher at Rp9.67 trillion, most of which came from loans provided by subsidiaries.
On a consolidated basis, total funding with maturities of more than 1 (one) year is Rp10.35 trillion, while the total loans classified as Current and Special Mention
(performing) with maturities of more than 1 (one) year are Rp71.60 trillion.
NN: LIQUIDITY RISK
Encumbered Assets (ENC)
a b c d
Assets deposited or pledged
Unencumbered
Encumbered Assets with the central bank but Total
Assets
not yet generating liquidity
Assets in the balance sheets can be 15,107,940 4,899,461 32,463,744 52,471,146
presented in details as needed.
Qualitative Analysis
(a) Encumbered assets are bank assets that are restricted for liquidity purposes, legally and contractually by the Bank in times of stress. Encumbered
assets do not include assets that are deposited or agreed with Bank Indonesia but have not been used to generate liquidity. As of December 2024,
the Bank has securities pledged as collateral for repo transactions amounting to Rp15.11 trillion.
(b) The Bank currently has assets that are placed or contracted with Bank Indonesia but have not been used to generate liquidity as regulated in POJK
No. 42/POJK.03/2015 concerning the Obligation to Fulfil the Liquidity Coverage Ratio for Commercial Banks as amended by POJK of the Republic of
Indonesia No. 19 of 2024 concerning amendments to POJK No. 42/POJK.03/2015 concerning the Obligation to Fulfil the Liquidity Coverage Ratio for
Commercial Banks, namely in the form of securities that meet the criteria for Macroprudential Liquidity Buffer (PLM) of Rp4.90 trillion.
(c) Unrestricted assets are assets that meet the High Quality Liquid Assets (HQLA) criteria as regulated in POJK No. 42/POJK.03/2015 concerning the
Obligation to Fulfil the Liquidity Coverage Ratio for Commercial Banks as amended by POJK of the Republic of Indonesia No. 19 of 2024 concerning
amendments to POJK No. 42/POJK.03/2015 concerning the Obligation to Fulfil the Liquidity Coverage Ratio for Commercial Banks. The Bank has
unrestricted assets of Rp32.46 trillion in the form of cash, Giro at Bank Indonesia, placements at Bank Indonesia, government securities, corporate
securities and securities received as collateral from reverse repo transactions.
Notes: Figures are in million Rupiah unless otherwise stated
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Governance Responsibility
OO: LIQUIDITY RISK
Liquidity Risk Management (LIQA)
Bank Liquidity Management: In addition, the Bank will ensure the implementation and
Liquidity risk can occur when a bank is unable to meet its alignment of related policies and guidelines regarding the
financial obligations to customers or counterparties in a timely management of liquidity risk in overseas subsidiaries and
manner at a reasonable cost. Liquidity risk management is very branches.
important because it can have a significant impact on business
continuity. The Bank always strives to ensure that any liquidity To measure liquidity risk, the Bank determines several
needs and current and future funding can be met in both normal parameters such as various liquidity ratios, liquidity gap analysis,
market conditions and crisis conditions. and stress testing, along with their limits. The Bank will review
at least once a year on all liquidity risk limits, to be adjusted
In managing its liquidity, the Bank’s main source of funding to the risk appetite, strategy and budget set, and approved by
comes from Third Party Funds (DPK) and if needed, also from the competent committee. The types of ratios determined in
money market instruments for day-to-day liquidity management. managing liquidity risk include: Liquidity Coverage Ratio (LCR),
In addition, to maintain a more stable funding structure, the Net Stable Funding Ratio (NSFR), Operating Cash Flow (OCF),
Bank can issue securities, make medium-term loans, or issue Interbank Taking, FX Swap Funding, Secondary Reserve, and the
shares to strengthen capital. 50 Largest Depositors.
The Bank’s liquidity management is carried out centrally by the In strengthening the implementation of liquidity risk
Treasury in collaboration with other business/supporting units, management, the Bank establishes and regularly tests the
such as credit, funding, operations, information technology, Recovery Plan (RCP) and Emergency Funding Plan (LCP) as well
corporate communications, and risk management business as makes liquidity stress testing, which aims to ensure the Bank’s
units. Thus, the need/availability of funding arising from The readiness to face liquidity crises, including is the process of
bank’s daily operational activities can be managed properly to monitoring various early warning indicators (EWI) of liquidity
maximise the Bank’s performance. Also, with good cooperation crises which is carried out on a daily basis
between work units, liquidity risk is triggered by other risk events
(credit risk, market risk, operational risk, legal risk, financial risk). In addition, several strategic steps were taken to mitigate
compliance, reputation risk and strategic risk) can be detected liquidity and funding risks, among others by restructuring the
and mitigated correctly and in a timely manner. Furthermore, sources and terms of funding through the issuance of securities
new products/transactions/activities that result in additional (NCD, MTN, Bonds) denominated in rupiah. On the other hand,
assets and liabilities, always go through a careful review and the Bank is always looking for potential medium and/or long
approval process before the product/ the new transaction/ term bilateral loans to support liquidity needs in USD
activity is executed.
In addition, the unit that specifically carries out the liquidity
risk management process is the Market, Liquidity & Treasury
Credit Risk Management (MLTCRM) unit, which is responsible
for making policies, procedures, measurement methodologies
and monitoring and reporting liquidity risk exposures as well
as monitor the implementation of and compliance with these
policies to support the functioning of the Assets and Liabilities
Committee (ALCO).
The Bank continues to review and periodically update all policies
and guidelines to be adapted to the Bank’s liquidity conditions as
well as harmonise with the latest regulations from regulators and
banking industry best practices both locally and internationally.
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PP: OPERATIONAL RISK
General Qualitative Disclosures
Based on OJK Regulation No. 18/POJK.03/2016, operational risk This model establishes clear accountability and facilitates the
is defined as the risk caused by inadequacy or malfunction of three lines of defense, consisting of:
internal processes, human errors, system failures, or external • The first line being the risk owner units managing
events impacting the Bank’s operational activities. day-to-day inherent operational risks in business
and/or activities. This unit should be able to identify,
The main objective of risk management for operational risk is assess, measure, control, mitigate, monitor, and report
to minimise the likelihood of negative impacts resulting from operational risk exposures.
malfunctioning internal processes, human errors, system failures, • The second line being the risk oversight unit providing
and/or external events. supervision and governance, assurance, monitoring, and
reporting of operational risk exposures to the Board
Operational risk management is consistently carried out within of Commissioners/Directors, committees, and senior
the framework and by determining strategies and mitigations to management.
achieve an optimal balance between operational risk exposure, • The third line being the Internal Audit Unit (IAU) as
the effectiveness of control mechanisms, and risk appetite. the third line to formally and consistently execute
responsibilities to ensure operational risks are effectively
1. Bank’s Operational Risk Governance Model managed and in line with the risk appetite set by the Risk
The bank’s operational risk governance model is based Management Committee (RMC).
on the Three Lines of Defense, which aligns with the Risk
Management Framework and is regulated in operational 2. Tools Used by the Bank to Identify and Measure
risk policies and procedures to ensure effective operational Operational Risks
risk management for all parts of the bank. This model also In order to implement effective Operational Risk
provides a formal, transparent, and effective governance Management, the bank is equipped with complementary
structure that encourages active involvement of the Board of operational risk management tools. Operational risk tools
Directors and Commissioners through the Risk Management include:
Committee (RMC) and Risk Oversight Committee (ROC), and • Risk & Control Self-Assessment (RCSA), a tool to identify
Senior Management. and measure forward-looking operational risks, essential
for identifying potential risks from the execution of each
end-to-end process that may result in material losses or
adverse impacts on the Bank.
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• Key Risk Indicators (KRI), measurement tools for 4. Operational Risk Disclosure
monitoring operational risk exposure over time. Effective Regarding the implementation of ATMR calculation for
KRIs can serve as early warning signals of risk changes by Operational Risk using the Standard Approach since
providing an overview of the operational risk exposure January 2023 in accordance with OJK Circular Letter No.
status and control effectiveness in business operations. 06/SEOJK.03/2020 on the Calculation of Risk-Weighted
• Incident Management and Data Collection (IMDC) used Assets for Operational Risk using the Standard Approach for
in identifying, measuring, monitoring, reporting, and Commercial Banks, the Bank provides information on the
managing consistent bank operational risk. This process Implementation Report of Operational Risk Management
also facilitates the formation of a centralised database and the ATMR Calculation Report for Operational Risk as of
of consistent and standardised operational risk incident December 2024 data, which applies throughout 2025 and is
information ready for analysis and reporting. considered in the 2025 KPMM.
3. Mechanisms to Mitigate Operational Risks
• Adequate periodic analysis of actual losses, potential
losses, and near misses regarding operational risk
incidents is crucial to provide input to RMC and ROC
on the operational risk exposures experienced and as
a reference for management for more effective action
recommendations.
• Risk mitigation tools can be used to reduce risk to an
acceptable level as defined in the management’s risk
appetite. These tools can include, but are not limited
to, procedures and systems with adequate controls,
Business Continuity Management (BCM), insurance, and
outsourcing.
• The Bank also enhances human resources through
continuous education and training on operational risks.
This aims to ensure employees’ capabilities in performing
tasks effectively and promptly identifying operational
risks if encountered in daily work activities.
• Reviewing and/or revising existing policies and
procedural systems within the company.
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1. Report on RWA Calculation for Operational Risk of the Bank (Individual)
1.1. Form D1 – Historical Loss Data Report
No Business Indicator (BI) and component BI T T-1 T-2
Minimum limit of an operational loss event of Rp300,000,000.00 (three hundred million Rupiahs) or more
1 Total net operating loss after calculating the recovery value (without exception) 10,620.16 1,272.00 15,653.20
2 Total occurrence of operational risk loss 12.00 4.00 9.00
3 Total excluded operational risk loss 0.00 0.00 0.00
4 Total occurrence of excluded operational risk loss 0.00 0.00 0.00
5 Total net operating loss after calculating the recovery value and excluded operational risk losses 10,620.16 1,272.00 15,653.20
Minimum limit of an operational loss event of Rp1,500,000,000.00 (one billion Rupiahs) or more
6 Total net operating loss after calculating the recovery value (without exception)
7 Total occurrence of operational risk loss
8 Total excluded operational risk loss
9 Total occurrence of excluded operational risk loss
10 Total net operating loss after calculating the recovery value and excluded operational risk losses
Details of capital calculation for operational risks
11 Are losses used in calculating the Internal Loss Multiplier (ILM)? (Yes/No) T
12 If line 11 answer is ‘No’, is the internal loss data not use because of a discrepancy of the minimum Y
standards for loss data? (Yes/No)
13 Threshold used in calculating capital for operational risks (in Rupiah full amount) 1,500,000,000.00
14 Other information (if any) Optional
1.2. Form D3 – Business Indicator Detailed Report
No Business Indicator (BI) and component BI Column Column Validation Column Validation
Validation T T-1 T-2
1 Interest, Rent, and Dividend Components 3,904,269.31
1a. Interest Income 16,436,836.39 14,868,503.36 13,174,366.18
1b. Interest Expense 11,832,039.64 10,020,692.03 8,030,818.62
1c. Earning Assets 186,499,707.70 161,295,151.18 152,066,645.74
1d. Dividend Income 226,018.31 217,246.64 22,659.13
2 Services Components 1,734,580.22
2a. Fees and Commission Income 763,892.51 726,900.39 785,365.91
2b. Fees and Commission Expenses 00,00 00,00 00,00
2c. Other Operating Income 1,042,345.30 717,993.96 1,167,242.60
2d. Other Operating Expenses 283,875.98 254,947.87 460,424.36
3 Financial Components 1,373,730.99
3a. Net Profit Loss Trading Book 00,00 00,00 00,00
3b. Net Profit Loss Banking Book 1,648,854.98 1,455,267.75 1,017,070.23
4 IB 7,012,580.52
5 Business Indicator Components (BIC) 841,509.66
Business Indicator Disclosure
6a. Total BI including divested activities 7,012,580.52
6b. BI reduction due to the exclusion of divested activities 00.00
7 Additional information Optional
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Average
T-3 T-4 T-5 T-6 T-7 T-8 T-9
10 Years
9,816.52 57,093.74 20.39 15,823.98 262,058.98 450.91 9,469.65 38,227.85
18.00 12.00 14.00 6.00 11.00 5.00 17.00 10.80
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9,815.00 57,093.74 20.39 15,823.98 262,058.98 450.91 9,469.65 38,227.85
1.3. Form D5 – RWA Calculation Report for Operational Risk using Standard Approach
No. Details Column Validation T
1 Business Indicator Components (BIC) 841,509.66
2 Internal Loss Multiplier Factor (ILM) 1.00000000
3 Operational Risk Minimum Capital (ROC) 841,509.66
4 RWA for Operational Risks 10,518,870.75
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2. Report on RWA Calculation for Operational Risk of the Bank (Consolidated)
2.1. Form D1 – Historical Loss Data Report
No Business Indicator (BI) and component BI T T-1 T-2
Minimum limit of an operational loss event of Rp300,000,000.00 (three hundred million Rupiahs) or more
1 Total net operating loss after calculating the recovery value (without exception) 10,983.16 1,678,16 15,653.20
2 Total occurrence of operational risk loss 13.00 4.00 10.00
3 Total excluded operational risk loss 0.00 0.00 0.00
4 Total occurrence of excluded operational risk loss 0.00 0.00 0.00
5 Total net operating loss after calculating the recovery value and excluded operational risk losses 10,983.16 1,678,16 15,653.20
Minimum limit of an operational loss event of Rp1,500,000,000.00 (one billion Rupiahs) or more
6 Total net operating loss after calculating the recovery value (without exception)
7 Total occurrence of operational risk loss
8 Total excluded operational risk loss
9 Total occurrence of excluded operational risk loss
10 Total net operating loss after calculating the recovery value and excluded operational risk losses
Details of capital calculation for operational risks
11 Are losses used in calculating the Internal Loss Multiplier (ILM)? (Yes/No) T
12 If line 11 answer is ‘No’, is the internal loss data not use because of a discrepancy of the minimum Y
standards for loss data? (Yes/No)
13 Threshold used in calculating capital for operational risks (in Rupiah full amount) 300,000,000.00
14 Other information (if any) Optional
2.2. Form D3 – Business Indicator Detailed Report
No Business Indicator (BI) and component BI Column Column Validation Column Validation
Validation T T-1 T-2
1 Interest, Rent, and Dividend Components 4,140,962.78
1a. Interest Income 19,216,199.11 17,509,984.96 15,416,587.63
1b. Interest Expense 12,481,377.30 10,631,725.26 8,556,869.50
1c. Earning Assets 200,913,209.15 175,193,965.78 164,476,292.91
1d. Dividend Income 14.947.32 228,256,60 16,556.40
2 Services Components 2,084,617,05
2a. Fees and Commission Income 801,279.13 768,184,55 830,861.85
2b. Fees and Commission Expenses 00.00 00.00 00.00
2c. Other Operating Income 1,441,319.00 859,338.70 1,552,866.95
2d. Other Operating Expenses 369,240.93 325,509,98 504,493.55
3 Financial Components 1,374,219,67
3a. Net Profit Loss Trading Book 00,00 00,00 00,00
3b. Net Profit Loss Banking Book 1,649,281.20 1,455,401.74 1,017,976.08
4 IB 7,599,799.50
5 Business Indicator Components (BIC) 911,975.94
Business Indicator Disclosure
6a. Total BI including divested activities 7,599,799.50
6b. BI reduction due to the exclusion of divested activities 00.00
7 Additional information Optional
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Average
T-3 T-4 T-5 T-6 T-7 T-8 T-9
10 Years
9,815,52 57,083.74 20,39 15,823.98 262,058.98 450.91 9,792,90 38,337.09
18,00 12.00 14,00 6.00 12.00 5,00 21.00 11,50
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
9,815,52 57,083.74 20,39 15,823.98 262,058.98 450.91 9,792,50 38,337.09
2.3. RWA Calculation Report for Operational Risk using Standard Approach
No. Details Column Validation T
1 Business Indicator Components (BIC) 911,975.94
2 Internal Loss Multiplier Factor (ILM) 1.00000000
3 Operational Risk Minimum Capital (ROC) 911,975.94
4 RWA for Operational Risks 11,399,699.25
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RR: LEGAL RISK
General Qualitative Disclosures
Definition: 5) Conduct analysis and monitoring of legal risk management;
Legal risk is the risk due to lawsuits and/or the weakness of the 6) Give periodic trainings on legal materials to relevant work
juridical aspect. The weakness of the juridical aspect is caused, units and/or Bank employees;
among others, by the absence of supporting legislation or 7) Disseminate legal policies;
the weakness of the engagement, such as the nonfulfillment
of the conditions for the validity of the contract and the Litigation
incomplete binding of documents. Legal risk may also arise from 1) Prepare strategies for handling civil, criminal, bankruptcy
changes to the applicable laws and regulations, as well as the cases and other matters related to handling cases and ensure
implementation of court decisions that may result in losses for that the interests of the Bank, management and employees
the Bank. of the Bank are legally protected;
2) Represent and act as a defender, advisor and/or legal
As a company established within the legal jurisdiction of the representative for the company, management and employees
Republic of Indonesia, the Bank must always comply with all of the Bank in providing assistance in interactions with law
Indonesian legal regulations, including those issued by relevant enforcement officers, courts and/or related agencies;
regulators, including the Financial Services Authority and Bank 3) Provide/make legal studies related to the implementation or
Indonesia. In addition, the Bank must also comply with all forms creation of a policy, product, service and Bank services;
of applicable laws and regulations in the community, both 4) Coordinate with legal consultants, authorities or law
directly and indirectly related to the Bank’s business activities. enforcement agencies or institutions at the central, regional
The failure of the Bank to comply with the applicable legal and branch government levels related to handling and
regulations may result in the emergence of lawsuits that will be resolving cases.
directed to the Bank.
With the existence of the Corporate Legal & Litigation work unit,
Risk Mitigation Strategy: all policies and legal document standards related to banking
To mitigate legal risks that may arise as a result of lawsuits or products, services and/or facilities offered by the Bank to the
juridical weaknesses, the Bank has a Corporate Legal & Litigation public, where the legal policies and legal document standards
work unit. The Corporate Legal & Litigation work unit has the shall be made with reference to the provisions of applicable
following roles: laws and regulations with due consideration of the interests of
Corporate Legal the Bank’s legal aspects. In addition, one of the functions of the
1) Provide analysis, legal advice/studies to the Board of Corporate Legal & Litigation work unit is to handle every legal
Directors, Board of Commissioners and all work units at issue related to litigation to ensure that the legal risks that may
every level of the organisation; arise can be minimised to the greatest extent possible. The unit
2) Conduct legal analysis/advice on the initiative of preparing runs legal risk management by monitoring the development of
products, services and services/activities of the Bank, new legal cases that occur and taking lessons learnt from these cases.
projects and creating policies and standard legal documents The handling of legal cases carried out at the Bank always takes
related to these products, services, services and activities; into account the potential for losses, both for resolving cases
3) Provide legal advice/studies related to legal risk exposure peacefully or through the courts. The Bank also pays special
for a transaction both at the corporate level, credit/ heed to handling legal cases that have the potential to cause
financing transactions and transactions that occur as a significant losses.
result of a cooperation agreement with Debtors/Customers
or cooperation partners;
4) Conduct periodic reviews of agreements and/or standard
documents that have been made;
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SS: REPUTATIONAL RISK
General Qualitative Disclosures
In the Q4-2024, the Reputation Risk composite rating is Low Reputational risk is maintained by managing all risks with
(inherent risk rating = Low and KPMR rating = Satisfactory). the potential to affect the Bank’s reputation through good
corporate governance and effective risk management processes.
Overall, several components of the risk profile, especially the In managing reputation risk, especially in dealing with what
frequency, materiality and exposure to negative news, show an happened in Q4-2024, the Bank has provided responses and
improving level of risk. clarifications so that reputation risk can be mitigated very well.
The assessment factors are as follows: In order to further strengthen the quality of Reputation Risk
1. Effect of Reputation of Bank Owners and Related management implementation, the Bank has formulated a
Companies Reputation Risk Management Policy and has communicated it to
Overall, several components of the risk profile in the owner all work units/divisions/branches of the Bank so that it can run
of the Bank and related companies reputation influence optimally.
factor show that the level of risk is still suitable with the
limits set by the Bank. Definition:
2. Business Ethics Violation Reputation risk is the risk associated with a decrease in the level
Overall, several components of the risk profile in business of stakeholder trust that arises from negative perceptions of
ethics violations indicate a level of risk that is still suitable the company. This risk arises when the company’s reputation is
with the limits set by the Bank. affected by one or more events that have a negative impact on
3. Product Complexity and Bank Business Cooperation the company’s reputation, arising from negative publications
Overall, several components of the risk profile for the about the company’s business activities, or financial condition.
product complexity factor and the Bank’s business Regardless of the truth, negative publications can reduce public
cooperation show a level of risk that is still suitable with the confidence in the bank, which can have fatal consequences such
limits set by the Bank. as litigation claims, a decrease in the number of customers,
4. Frequency, Materiality and Exposure to Negative Bank business and/or company revenues.
News
Overall, several components of the risk profile for the factors Risk Mitigation Strategy:
of frequency, materiality and exposure to negative news Reputation risk is maintained through the management of all
of the Bank show a low level of risk, although there is still risks that have the potential to affect the Bank’s reputation
negative news about the Bank, this is still suitable with the through good corporate governance and effective risk
limits set by the Bank. management processes. Reputation risk management is
5. Frequency and Materiality of Customer Complaints carried out through active monitoring of circulating news,
Overall, several components of the risk profile for the information on market developments, stakeholder perceptions
frequency and materiality factor of customer complaints and publications in the mass media managed by the Corporate &
show a low level of risk, although there are still customer Brand Communications Unit. Customer complaints received by
complaints against the Bank, these are still suitable with the the Bank will be followed up by the Centralised Customer Care
limits set by the Bank. Unit properly and in accordance with the specified deadline.
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TT: STRATEGIC RISK
General Qualitative Disclosures
Definition: With the aim of supporting the achievement of business goals
Strategic risk is the risk resulting from making inappropriate and long-term objectives, the Bank has undertaken various
strategic decisions, failure to anticipate changes in the business strategic initiatives throughout 2023 in line with the 5 Strategic
environment, inability to implement a strategic decision, or a Thrusts:
combination of these. This risk also includes the Bank’s ability 1. Increasing customer focus
to create a competitive advantage in the midst of increasingly The Bank has provided personalised and tailored solutions
intense banking competition. Inability to face these business to meet the evolving needs and preferences of our diverse
challenges, which continue to change from time to time, will client base.
result in failure to achieve the vision that has been set. • Achieving regional growth by leveraging cross-regional
collaboration, deepening relationships with corporate
Risk Mitigation Strategy: clients, and increasing market share through strategic
The Bank formulates risk mitigation for strategic initiatives account planning.
and service development plans by considering competitiveness • In Non-Retail CFS, the Bank has established a
and competitive advantage factors, market conditions, partnership to launch digital loan channelling in line
regulations and business environment. Implementation of with the ecosystem partnership strategy. This initiative
the bank’s strategic programs is carried out with supervision strengthens the Bank’s ability to reach new markets and
and governance to facilitate acceleration, risk mitigation and expand the solutions offered for the MSME segment in
escalation needs and direction in strategic decision making. The the future. In addition, the Bank has also introduced two
bank also continues to evaluate the long-term strategic plan that web-based solutions designed to deepen relationships
has been prepared, by looking at developments that occur as with MSME business players in gaining easier access
well as market conditions after the pandemic, competition and to banking loan facilities and increasing access to
current bank performance. comprehensive digital banking services.
• In Retail CFS, the Bank has implemented a branch
As restrictions on community activities and mobilisation are transformation initiative to increase the productivity
eased, the Bank is again actively conducting customer visits to of the service & sales team of selected branches. This
obtain feedback on banking and transactional needs, as well should improve the quality of service and customer
as becoming a strategic partner to provide solutions for each loyalty.
customer’s needs. 2. Accelerating digitalisation and technological
modernisation
The Bank continues to develop features in digital banking
and technological innovation, as well as improving digital
platforms and infrastructure to provide safe, efficient, and
user-friendly services.
• The Bank has successfully launched a gold savings
product on M2U, a digital credit card feature, and a
digital virtual account partnership.
• Accelerate process automation and efficiency through
Smart Credit Process 1 (SCP1), and implement a new
Interactive Voice Response (IVR) verification flow in the
contact centre to handle customer requests.
• Modernise core banking and IT infrastructure to
strengthen cybersecurity.
• Increase branch productivity through concierge services,
product guide cards, sales rhythms, and sales force.
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3. Grow regionally as 1-Maybank
To strengthen Maybank’s position outside Malaysia, the
Bank has invested in transformation efforts to strengthen
collaboration between entities in Indonesia, including
Maybank Asset Management, Maybank Sekuritas Indonesia,
and Asuransi Etiqa.
• MSID launched a trade platform (Trade ID) to expand
service offerings and increase the number of rdn
accounts.
• Launched maybank asset management products, namely,
sukuk funds, index funds and increased cross-selling to
mbi’s customer base through branch events, meetings,
and digital marketing.
• Deepened customer relationships by participating in one
of the largest automotive events in Indonesia.
• Continuous collaboration with the Maybank group is also
carried out for cross-border loans in several companies
engaged in selected industries.
4. Encouraged leadership in the sustainability agenda
With a commitment to drive the sustainability agenda, the
Bank has set new standards in responsible banking and made
positive contributions to the environment and society.
• The Bank has launched sustainability initiatives that have
a high impact on the environment, such as providing
sustainable lending.
• Integrated the global banking ESG roadmap to support
customers’ transition to sustainable practices.
• Formed a sustainability council to strengthen and
formulate better sustainability strategies.
• Received a gold award from “The Corporate Transparency
and Emissions Reduction Award 2024” as a form of effort
to reduce carbon emissions.
5. Achieved leading global leadership in Islamic banking
To achieve the aspiration to become a leader in Islamic
banking, the Bank has developed and offered innovative,
sharia-compliant financial solutions.
• The Bank established a strategic partnership to acquire
NTB, as well as, funding and financing of hajj.
• Strengthened the halal ecosystem through partnership
agreements with leading Islamic organisations.
• Developed Islamic wealth propositions, building global
connectivity, and digitising products and services.
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UU: COMPLIANCE RISK
General Qualitative Disclosures
Along with the increasing risks in the management of Indonesian Compliance Risk Management is the responsibility of every
banking, the Compliance Directorate always emphasises the employee at different levels of the hierarchy. The Bank’s
implementation of Compliance Culture at all levels of the Compliance Risk governance structure emphasises the Board of
organisation and business activities of the Bank. This is because Directors, Senior Management, business/operational units and
the management of Compliance Risk is the responsibility of all control and reporting functions.
business and support units in the Bank.
The Business & Support Unit, which is the first line of defense, is
In accordance with the provisions of the Financial Services responsible for managing compliance risks inherent in day-to-day
Authority Regulation No. 46/POJK.03/2017 dated July 12, 2017 business/operational activities. Its primary responsibility is to
concerning the Implementation of the Compliance Function of manage compliance risk in the Bank’s lines of business.
Commercial Banks, Compliance Risk is defined as the risk arising
from the Bank’s failure to comply with and/or not implement the The Compliance Unit, which is the second line of defense, must
provisions of laws and regulations, including Sharia Principles for supervise the implementation of the Compliance Function,
Sharia Commercial Banks and Sharia Business Units. Meanwhile, including in overseas branches. Supervision of subsidiaries
the Basel Committee defines Compliance Risk as the risk of legal and sister companies is conducted within the corridor of the
and regulatory sanctions, financial loss or reputational damage implementation of OJK Regulation on Integrated Governance.
that may be suffered by the Bank as a result of non-compliance The Compliance Unit is responsible for overseeing and
with applicable laws, regulations and internal policies as well as supporting compliance with regulations issued by the Regulators
codes of ethics and codes of conduct applicable to its business (OJK & BI), particularly in high-risk areas. The Compliance Unit
activities. is also required to independently supervise the operational
activities and procedures established to comply with the
The Bank’s Compliance Organisation Structure is led by a regulations issued by the Regulators and mitigate compliance
Director in charge of the Compliance Function. In order to create risks and violations.
a Compliance Culture, the Bank has a Compliance Working Unit,
which is formed separately, independent of the operational Furthermore, the activities of the Compliance Function are also
working unit and free from the influence of other working units, the scope for the Internal Audit Unit (SKAI) as the Bank’s third
and has direct access to the Director in charge of the Compliance line of defense in conducting periodic reviews.
Function. The Compliance Working Unit is tasked with effectively
managing Compliance Risks faced by the Bank, realising the In order to manage the Bank’s Compliance Risk, the Compliance
implementation of Compliance Culture at all levels of the Working Unit carries out a number of activities in order to
organisation and business activities of the Bank and monitoring support and improve the Compliance Culture at all levels of the
the fulfillment of commitments that have been made to the organisation, including the following:
competent authorities as well as assessing and/or evaluating 1. Establishment of compliance strategies and programs
the adequacy and suitability of policies, systems and procedures (Compliance Program)
owned by the Bank against the provisions of Bank Indonesia 2. Identify, measure, monitor, and control Compliance Risk
(BI), the Financial Services Authority (OJK) and other applicable through:
laws and regulations, as well as recommending updates and a. Self-assessment of Compliance Risk profile.
improvements to policies, systems and procedures based on b. Self-assessment of the implementation of good
regulatory developments. In relation to the implementation corporate governance both individually and on a
of Anti-Money Laundering and Countering the Financing of consolidated basis with subsidiaries.
Terrorism (AML/CFT) principles, the Bank also has a Financial c. Monitor follow-up on Compliance Risks incurred for
Crime Compliance Unit that functions to implement AML/CFT compliance status report.
programs bankwide by referring to laws and regulations related 3. Monitoring the fulfillment of prudential banking ratios.
to AML/CFT.
410 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
4. Keeping effective communication with the Sharia 14. Monitoring regulatory fines received by the Bank including
Supervisory Board (DPS) regarding the implementation of the follow-up improvement commitments (action plan) from
the compliance function of the Bank’s Sharia Business Unit work units/branch offices.
(UUS). 15. Ensuring compliance of work units/branch offices with
5. Conducting studies/reviews related to the submission regulations relevant to the Bank’s business and operations
and reporting of new products and activities in order to issued by the Regulator (especially OJK and BI) through:
obtain approval from the Regulator and ensuring that the a. The implementation of periodic compliance testing in
new products and activities comply with the Regulator’s accordance with the Compliance Testing Plan in order
regulations. to ensure compliance of work units/branch offices with
6. Conducting studies and/or recommending updates and regulations issued by the Regulator (especially OJK and
improvements to Bank policies, provisions, systems and BI).
procedures, based on gap analysis of new provisions issued b. The implementation of the Compliance Plan Self-
by OJK, BI, and other regulatory bodies and to see the Assessment (CPSA) which is a self-assessment media
possibility of making it simpler as long as it does not conflict for work units and branch offices to measure the level of
with applicable provisions. compliance with Regulator regulations that are relevant
7. Conducting assessments and evaluations of the to the Bank’s business and operations; it is also one of
effectiveness, adequacy, and suitability of Bank policies/ the control tools in conducting compliance tests on work
procedures and exerting efforts to ensure that policies, units and branch offices.
provisions, systems, procedures, and their implementation
in the Bank comply with applicable Regulatory provisions;
this should be achieved by conducting studies and providing
input in the form of, among others, Compliance Review
Sheets, electronic mail (e-mail), memorandums or in the form
of discussions or meetings.
8. Monitoring the work unit’s action plan for new provisions
issued by OJK, BI, and other laws and regulations.
9. Providing training/socialisation to employees in work units
and/or branch offices regarding Compliance Awareness and/ VV-YY: GOVERNANCE
or Banking Regulations in order to improve understanding
and awareness of the Compliance Culture which is part of the Remuneration Policy
corporate culture.
10. Submitting reports related to the Compliance Function Explanation of the Remuneration Policy refers to the discussion
periodically to the Regulator. in the Corporate Governance chapter of this Annual Report.
11. Acting as a Liaison Officer in coordinating inspection and
supervision activities by the Regulator towards the Bank.
12. Monitoring the follow-up of the result of audit performed
by the Regulator on the Bank’s commitment and submitting
follow-up reports to the Regulator periodically.
13. Conducting continuous coordination and communication
with related work units and members of the Bank’s Financial
Conglomerate regarding the implementation of the
integrated Compliance Function and other related reports.
2024 Annual Report PT Bank Maybank Indonesia Tbk 411
Page 414
The planting of 2,500 mangrove seedlings by Maybank Indonesia reinforces the spirit of ‘One Team, One Direction, New Energy’, promoting environmental conservation measures while taking a further step forward towards supporting the green economy.
Page 415
414 Good Corporate Governance 560 Transparency of Financial and Non-Financial
414 Corporate Governance Policy Basis Conditions that Have not Been Disclosed in
415 Year-On-Year Focus of Governance Other Report
Implementation 561 Quarterly Publication Report
419 Corporate Governance Roadmap 562 Provision of Funds to Related Party and Large
420 Bank's Governance Structure Exposure
421 Self-Assessment Results of Good Corporate 563 Provision of Funds for Social and Political
Governance Implementation in 2024 Activities
422 Information on Major and Controlling 564 Procurement Policy of Goods and Services
Shareholders 565 Customer Protection Policy
423 General Meeting of Shareholders 565 Anticorruption Policy
441 Board of Commissioners 565 Creditors' Rights Safeguard
460 Board of Directors 566 Dividend Distribution Policy
474 Affiliation between Board of Commissioners, 566 Conflict of Interest Policy (including Insider
Board of Directors and Majority/Controlling Trading)
Shareholders 567 Affiliate and Conflict of Interest Transactions
475 Board of Commissioners and Directors in accordance with Financial Services
Diversity Policy Authority Regulation No. 42/POJK.04/2020
478 Committees of the Board of Commissioners concerning “Affiliate Transactions and
Conflict of Interest Transactions”
504 Remuneration Policy
568 Bad Corporate Governance Practices
508 Committees of the Board of Directors
568 Bank Strategic Plan
523 Corporate Secretary
568 Ratio of Highest and Lowest Salary and
527 Corporate Security Management
Variable Remuneration Received by
528 Compliance Unit
Employees
531 Administrative Sanctions
569 Implementation of OJK Public Company
532 Implementation of the Anti-Money Governance Guidelines
Laundering Program, Counter-Terrorism
573 General Guidelines for Indonesian Corporate
Financing, and Prevention of the Financing of
Governance (PUGKI)
Weapons of Mass Destruction Proliferation
583 Implementation of Corporate Governance
Program (AML CFT & CPF)
Aspects and Principles in Accordance with
534 Whistleblowing System and Anti Fraud
the Guidelines of Corporate Governance
536 Legal Issues Principles for Banks Issued by the Basel
540 Taxation Management and Control Committee in Banking Supervision
541 Internal Audit Unit 585 Integrated Governance Implementation
545 Internal Control System Report
548 Investor Relations 590 Implementation of the ASEAN Corporate
549 Risk Management Governance (CG) Scorecards
552 Public Accountant/External Auditor 598 Board of Commissioners Approval Sheet
554 Access to the Company's Information and Good Corporate Governance (GCG)
Data Implementation Report 2023
556 Code of Ethics and Code of Conducts 599 Board of Directors Approval Sheet
558 Corporate Culture Good Corporate Governance (GCG)
Implementation Report 2024
559 The Company's Vision in Supporting
Sustainable Performance and the Role of 600 GCG Report Shariah Business Unit 2024
Corporate Governance
559 Integrity as a Business Strategy for Long-Term
Sustainability
Good Corporate
Governance
Page 416
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Good Corporate Governance
The implementation of strong corporate governance will enhance
the Bank’s performance, maximises value for stakeholders, and
ensures the adoption of sound business practices that contribute to
long-term business sustainability.
Maybank Indonesia upholds Good Corporate Governance CORPORATE GOVERNANCE POLICY
(GCG) principles as a commitment to protect the interests of BASIS
shareholders and other stakeholders, while also striving to The implementation of Bank GCG is guided by regulations and
adhere to relevant regulations and ethical standards in the legislation, including:
banking sector. GCG forms a robust cornerstone within the 1. Laws of the Republic of Indonesia related to the Capital
Maybank Indonesia framework, fostering sustainable value Market, Limited Liability Companies, and Banking;
creation over both immediate and extended periods. 2. Financial Services Authority Regulations (POJK) and Financial
Services Authority Circular Letters (SEOJK), especially
Maybank Indonesia’s GCG implementation is carried out to regarding Governance, Annual Reports, Risk Management,
adhere to all GCG principles, encompassing transparency, Internal Control Systems, Financial Conglomeration, and
accountability, responsibility, independence, fairness, and various OJK Regulation and OJK Circular Resolution related
equality (TARIF). The commitment to applying these GCG to Governance implementation;
principles is internalised in the processes and mechanisms 3. The Indonesian Corporate Governance Roadmap conveyed
of GCG, which refer to three aspects: Governance Structure, through the OJK press release on 4 February 2014;
Governance Process, and Governance Outcome. Furthermore, 4. The 2021 Indonesian Corporate Governance General
besides enacting GCG, Maybank Indonesia also prioritises the Guidelines (PUGKI) issued by the National Committee on
sustainability dimension in its banking operations, integrating Governance Policy (KNKG);
environmental, economic, social aspects, and governance. 5. The ASEAN Corporate Governance Scorecard (ACGS) issued
by the ASEAN Capital Market Forum (ACMF);
As one of Indonesia’s leading private banks in Indonesia, 6. The Company's Articles of Association and amendments, and
Maybank Indonesia continuesly enhances its GCG Shareholders' General Meeting (RUPS) decisions; and
implementation in line with business developments and 7. Bank Governance Policies.
adherence to national and international GCG provisions,
guidelines, and standards. To ensure compliance and In addition to the above provisions, Maybank Indonesia
effectiveness at all levels, the Bank conducts regular evaluations periodically reviews and evaluates the completeness and
of its GCG practices. The results of the GCG assessment updating of internal regulations related to GCG. This is done
recommendations are an integral part of the evaluation process to ensure that the Bank's GCG structure remains relevant
and are utilised to optimise the best GCG practices at the Bank. and aligned with organisational needs, Bank strategy
implementation, and applicable regulations.
414 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
YEAR-ON-YEAR FOCUS OF • Signing of Integrity Pacts by all Directors, Board of
GOVERNANCE IMPLEMENTATION Commissioners, and Bank employees based on OJK
Regulation Number 39/POJK.03/2019 Regarding the
In maintaining and enhancing the quality of GCG Implementation of Anti Fraud Strategies for Commercial
implementation, Maybank Indonesia continues to make Banks.
necessary improvements and refinements. At the same time, • Held a Webinar on “Legal Aspects of Banking Consumer
Maybank Indonesia also continuously develops GCG in line Protection” for Commissioners, Directors, and key Bank
with best practices to provide adequate protection and fair employees.
treatment for all shareholders and other stakeholders. From • Managing vital documents and inactive company documents
year to year, the implementation of Bank GCG is consistently bankwide in accordance with document governance
directed towards maximising shareholder value for the Bank. standards referring to applicable laws and best practices, so
The information regarding the development of Bank GCG as to create good, safe, structured and effective company
implementation over the past 5 years is as follows: document management in line with efforts to provide
support for access to the use of documents for business
2020 interests and the preparation of company policies.
• Changes in the composition of the Integrated Good
Corporate Governance in the Maybank Indonesia Financial 2021
Conglomeration, related to PT Bank Maybank Syariah, which
is no longer affiliated with Maybank Indonesia. • Conducted the Annual General Meeting of Shareholders,
• Held the Annual General Meeting of Shareholders at the Maybank Indonesia was among the first banks to hold
beginning of the pandemic, where Maybank Indonesia was virtual AGMs and utilised e-proxy facilities as mandated
among the first banks to conduct virtual AGMs. by OJK Regulation No. 16/POJK.04/2020 regarding the
• Updated the Integrated Governance Guidelines, Integrated Implementation of Electronic Annual General Meetings of
Compliance Guidelines, Integrated Internal Audit Guidelines, Public Companies;
and Integrated Risk Management Framework. • Changed the composition of Maybank Indonesia's Board
• Updates to policies related to Shareholders' General of Commissioners with the appointment of Mr. Putut Eko
Meetings to align with new OJK regulations. Bayuseno, thus exceeding the number of Independent
• Implementing the performance assessment policy of the Commissioners stipulated by OJK Regulation 55/
Board of Commissioners and the Committee Evaluation of POJK.03/2016 regarding the Governance of Commercial
the Board of Commissioners through the Board Effectiveness Banks.
Evaluation (BEE), including alignment with applicable • Established the formation of the Board-level Whistleblowing
regulations in Indonesia. This performance Assessment Governance Committee, as part of Maybank Indonesia's
policy is a new format. strategic initiative to ensure adequate implementation of
• Continued initiatives since 2019, the Bank consistently whistleblowing governance;
provided training/socialisation to employees in units and/ • Appointed changes in the membership composition of
or branch offices regarding Compliance Awareness to the Audit Committee, Risk Monitoring Committee, and
enhance understanding and awareness of compliance Nomination and Remuneration Committee in relation to
culture, which is part of the corporate culture. The Bank also the new composition of Maybank Indonesia's Board of
provided socialisation and/or training on Compliance Culture Commissioners.
Awareness to all Bank employees, conducting Compliance • Updated the Integrated Governance Guidelines, Integrated
Safaris to various regions. Compliance Guidelines, Integrated Internal Audit Guidelines,
• Conducted socialisation to all members of the Maybank and Integrated Risk Management Framework.
Indonesia Financial Conglomeration regarding OJK • Implemented the performance assessment policy of
Regulation No. 45/POJK.03/2020 concerning Financial the Board of Commissioners and Committee Evaluation
Conglomeration (“OJK Regulation 45/POJK.03/2020”) and of the Board of Commissioners through the Board of
conveyed that MIFC has met the financial Conglomeration Commissioners and Committee Effectiveness Evaluation
criteria as regulated in OJK Regulation 45/POJK.03/2020; (BEE) framework.
• Issued the Corporate Charter and submitted it to the • Continued initiatives since 2019, the Bank consistently
OJK within the specified period in OJK Regulation 45/ provided training/socialisation to employees in units and/or
POJK.03/2020, no later than 31 December 2020. branch offices regarding Compliance Awareness to enhance
• Established the Information Management Council (IMC) to understanding and awareness of compliance culture, which is
direct and oversee data governance processes and related part of the corporate culture.
data issues at Maybank Indonesia. • The Bank also provided socialisation and/or training on
• In support of the Information Management Council (IMC)
framework, Maybank Indonesia also issued the Policy on
Management and Disclosure of Permissible Customer
Information.
2024 Annual Report PT Bank Maybank Indonesia Tbk 415
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Compliance Culture Awareness to all Bank employees, year 2022 in a timely manner, i.e., 30 days after approval
conducting Compliance Safaris to various regions. by Shareholders at the 2022 Annual General Meeting of
• Signing of Integrity Pacts by all Directors, Board of Shareholders.
Commissioners, and Bank employees based on OJK • Continuing initiatives since 2019, the Bank consistently
Regulation No. 39/POJK.03/2019 Regarding the provided training/socialisation to employees in units and/or
Implementation of Anti Fraud Strategies for Commercial branch offices regarding Compliance Awareness to enhance
Banks, with the Integrity Pacts renewed annually. understanding and awareness of compliance culture, which is
• Disclosed audit fees for public accounting firms for the fiscal part of the corporate culture.
year 2021. • Implementing the performance assessment policy of
• Maybank Indonesia disbursed dividends for the fiscal the Board of Commissioners and Committee Evaluation
year 2021 in a timely manner, i.e., 30 days after approval of the Board of Commissioners through the Board of
by Shareholders at the 2021 Annual General Meeting of Commissioners and Committee Effectiveness Evaluation
Shareholders. (BEE) framework for the year 2022.
• Bestowal of "The Best Responsibility of the Board" award
in the Largest Market Capitalisation Emitent category.
2022 The award was presented by the Indonesian Institute for
Corporate Directorship (IICD) at the 13th IICD Corporate
• Holding the Annual General Meeting of Shareholders, Governance Award 2022 event on 27 May 2022.
utilising e-proxy facilities as mandated by OJK Regulation • Creating and conducting socialisation on Internal Regulation
No. 16/POJK.04/2020 regarding the Implementation of governance aimed at realising good Internal Regulation
Electronic Annual General Meetings of Public Companies governance in the Bank.
(e-RUPS) using the eASY.KSEI application (utilising e-Voting • Ensuring that Internal Regulation governance is in
eASY.KSEI feature and live streaming webinar of the AGM). accordance with the applicable hierarchy and avoiding
• Changes in the composition of Maybank Indonesia's Board of overlaps between issued Internal Regulations.
Commissioners, with the appointment of Dato' Khairussaleh • Enhancing the quality of training materials for new and
Ramli as President Commissioner and Dato' Zulkiflee Abbas existing employees as well as work references through
Abdul Hamid as Commissioner through the Annual General internal regulation governance, thus improving the
Meeting of Shareholders held on 25 March 2022. With the evaluation process of task implementation.
appointment of these Board of Commissioners members, • Managing vital documents and company inactive documents
the membership structure and composition of Maybank bankwide in accordance with document governance
Indonesia's Board of Commissioners are in accordance with standards referring to legislation and based on applicable
OJK Regulation 55/POJK.03/2016 regarding the Governance best practices, thus creating good, safe, structured, and
of Commercial Banks. effective company document management in line with
• Changes in the composition of Maybank Indonesia's Board of efforts to provide document usage support for business
Directors, with the appointment of Bambang Andri Irawan as purposes and policy formulation.
Director of Information and Technology through the Annual • Updating charters for the Risk Monitoring Committee
General Meeting of Shareholders held on 25 March 2022. and Information and Technology Oversight Committee, in
• In order to strengthen the active oversight function of the accordance with current regulations.
Board of Commissioners over Information Technology,
Maybank Indonesia established the Information and
Technology Oversight Committee. 2023
• Changes in the composition of the Integrated Good
Corporate Governance members in the Maybank • The Bank held the Annual General Meeting of Shareholders
Indonesia Financial Conglomeration, so that the physically and electronically using the KSEI Electronic General
Committee membership is represented by each Financial Meeting System Application ("eASY.KSEI Application")
Conglomeration member LJK. provided by PT Kustodian Sentral Efek Indonesia ("KSEI"),
• Changes in the composition of the Audit Committee, Risk in accordance with the provisions of the Financial Services
Monitoring Committee, and Nomination and Remuneration Authority ("OJK") Regulation Number 15/POJK.04 /2020
Committee related to the new composition of the Board of regarding the Plan and Implementation of General Meeting
Commissioners. of Shareholders of Public Companies, Financial Services
• The Bank also provided socialisation and/or training on Authority Regulation Number 16/POJK.04/2020 regarding
Compliance Culture Awareness to all Bank employees, the Implementation of Electronic General Meeting of
conducting Compliance Safaris to various regions. Shareholders of Public Companies, KSEI Regulation Number
• Maybank Indonesia disbursed dividends for the fiscal XI-B regarding Procedures for Implementing Electronic
General Meeting of Shareholders Accompanied by Voting
through KSEI Electronic General Meeting System ("eASY.
KSEI"), and Article 11 paragraph 1 of the Bank's Articles of
Association. The Bank has also provided an alternative
416 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
electronic proxy (e-Proxy) for shareholders to attend and • Implementing the performance assessment policy of
vote at the Meeting through the eASY.KSEI application, as a the Board of Commissioners and Committee Evaluation
fulfilment of the provisions of Article 27 OJK Regulation 15 of the Board of Commissioners through the Board of
• The Bank paid the 2022 Cash Dividend to Shareholders in a Commissioners and Committee Effectiveness Evaluation
fair and timely manner. All Shareholders were treated equally (BEE) framework for the year 2023. The performance
and received the Cash Dividend in less than 30 days after it assessment of the Board of Commissioners is also conducted
was approved by the Shareholders in the General Meeting of by the Board of Directors.
Shareholders. The Cash Dividend was paid to all Shareholders • Receiving "The Best Responsibility of the Board" award in the
on 28 April 2023, following approval at the Annual General Largest Market Capitalisation Emitent category. The award
Meeting of Shareholders on 31 March 2023 was presented by the Indonesian Institute for Corporate
• In accordance with the Regulation of the Financial Services Directorship (IICD) at the 14th IICD Corporate Governance
Authority of the Republic of Indonesia Number 17 of Award 2022 event on 18 September 2023.
2023 concerning the Implementation of Governance for • Creating and conducting socialisation on Internal Regulation
Commercial Banks and in order to improve the management governance aimed at realising good Internal Regulation
of Shareholders' rights in the implementation of Dividend governance in the Bank.
Distribution, the Bank has an Internal Policy regarding • Ensuring that Internal Regulation governance is in
Dividend Distribution, which is contained in the Board accordance with the applicable hierarchy and avoiding
of Directors Regulation No. PER.DIR.2024.001/DIR overlaps between issued Internal Regulations.
COMPLIANCE concerning "Guidelines for the Process • Enhancing the quality of training materials for new and
and Mechanism of the Company's Dividend Payment to existing employees as well as work references through
Shareholders", so that the Bank's Dividend Distribution internal regulation governance, thus improving the
to Shareholders can be implemented in accordance with evaluation process of task implementation.
applicable laws and regulations and guided by good • Managing vital documents and company inactive documents
governance for the Bank, while still taking into account the bankwide in accordance with document governance
interests of the Bank. This Board of Directors Regulation standards referring to legislation and based on applicable
contains instructions for the implementation of activities best practices, thus creating good, safe, structured, and
for work units related to the Bank's Dividend Distribution to effective company document management in line with
Shareholders, so that it is expected that the implementation efforts to provide document usage support for business
of these activities can be carried out more effectively, purposes and policy formulation.
accountably, organised and timely, in compliance with • In connection with the issuance of OJK Regulation No.
applicable regulations. This Internal Policy has been 17 of 2023 regarding the Implementation of Governance
communicated to Shareholders and is available on the Bank's for Commercial Banks, the Bank made comprehensive
website adjustments to Bank governance policies; among others, to
• 2023, the Bank announces the results of the AGM, including the Board of Directors Guidelines, Board of Commissioners
each resolution and the voting results for each resolution, to Guidelines, Committee Guidelines, and other internal
the Public on the next business day policies.
• Holding the Annual General Meeting of Shareholders, • PT Bank Maybank Indonesia Tbk was one of the Winners of
utilising e-proxy facilities as mandated by OJK Regulation the Annual Report Award (ARA) 2022. ARA is organised by
No. 16/POJK.04/2020 regarding the Implementation of the National Committee on Governance Policy ("KNKG").
Electronic Annual General Meetings of Public Companies The Indonesia Stock Exchange consistently supports the
(e-RUPS) using the eASY.KSEI application (utilising e-Voting ARA event from year to year, with the aim of encouraging
eASY.KSEI feature and live streaming webinar of the AGM). companies to be more open and clearer in providing
• Changes in the composition of the Audit Committee, Risk disclosures regarding corporate governance practices and
Monitoring Committee, and Nomination and Remuneration sustainability, thereby increasing public trust, including
Committee related to the new composition of the Board of investors and shareholders.
Commissioners.
• The Bank also provided socialisation and/or training on
Compliance Culture Awareness to all Bank employees, 2024
conducting Compliance Safaris to various regions.
• Maybank Indonesia disbursed dividends for the fiscal • In 2024, Maybank Indonesia made changes to the
year 2023 in a timely manner, i.e., 30 days after approval composition of its Board of Directors, Board of
by Shareholders at the 2023 Annual General Meeting of Commissioners, and Sharia Supervisory Board as a strategic
Shareholders. step to strengthen leadership and encourage sustainable
• Continuing initiatives since 2019, the Bank consistently growth amidst increasingly complex industry dynamics.
provided training/socialisation to employees in units and/or The changes in the composition of the Board of Directors,
branch offices regarding Compliance Awareness to enhance Board of Commissioners, and Sharia Supervisory Board
understanding and awareness of compliance culture, which is aim to deliver on the Bank's commitment to adapting to
part of the corporate culture.
2024 Annual Report PT Bank Maybank Indonesia Tbk 417
Page 420
Main Highlights Management Report Company Profile Management Discussion
and Analysis
market demands and ensuring more responsive and adaptive 1. Issuing Policies and Procedures
management to future challenges and opportunities. 2. Ensuring the Implementation of AML, PPT, and PPPSPM
• In line with the changes in the compositions of the Board of Programs
Directors, Board of Commissioners, and Sharia Supervisory 3. Setting up a Special Work Unit and/or Appointing a
Board, Maybank Indonesia also made some changes to Responsible Official
the membership composition of Committees at both the 4. Ensuring Discussion of AML, PPT, and PPPSPM Programs
Board of Directors and the Board of Commissioners levels, in Board of Directors Meetings
in addition to subsequent changes due to the changes 5. Ensuring Effective Audit Functions
to the compositions of the Board of Directors, Board of 6. Handling Issues Related to AML, PPT, and PPPSPM
Commissioners, and Sharia Supervisory Board. 7. Providing Approval for Fraud Follow-up Reports (LTKM)
• To implement OJK Regulation No. 17 of 2023 concerning the 8. Organising training related to AML, PPT, and PPPSPM
Implementation of Governance for Commercial Banks, which Programs
was passed in September 2023, Maybank Indonesia has made • The Bank holds an Annual General Meeting of Shareholders
adjustments to its governance documents as a form of the physically and electronically using the KSEI Electronic
Bank's regulatory compliance. The regulations that have General Meeting System Application (“Application eASY.
been adjusted include the Corporate Governance Company KSEI”) provided by PT Kustodian Sentral Efek Indonesia
Bylaws, the Charters of the Board of Directors and the Board (“KSEI”), in accordance with the provisions of the Financial
of Commissioners, the Charter for all Committees at the Services Authority (“OJK”) Regulation Number 15/
Board of Directors Level and the Board of Commissioners POJK.04/2020 concerning the Planning and Convention
Levels, and other related regulations. of General Meetings of Shareholders of Public Companies,
• The Governance Framework for the Maybank Indonesia iB Financial Services Authority Regulation Number 16/
Unit refers to OJK Regulation No. 2 of 2024 concerning the POJK.04/2020 concerning the Convention of General
Implementation of Sharia Governance for Sharia Commercial Meetings of Shareholders of Public Companies Electronically,
Banks and Sharia Business Units, which was passed in KSEI Regulation Number XI-B concerning Convention
February 2024. As an internal implementing regulation for Procedures for General Meetings of Shareholders
the governance, the Maybank Indonesia iB Unit has in place Electronically Accompanied by Voting through the KSEI
a Sharia Governance Policy that is made certain to align with Electronic General Meeting System (“eASY.KSEI”), and Article
the referred OJK Regulation. 11 paragraph 1 of the Bank's Articles of Association. The Bank
• Received the "The Best Disclosure and Transparency" and has also provided an alternative electronic power of attorney
"Top 50 Big Cap Issuers" awards , the award was given by (e-Proxy) for shareholders to attend and vote at the Meeting
the Indonesian Institute for Corporate Directorship (IICD) through the eASY.KSEI application, in fulfilment of the
at the 15th IICD Corporate Governance Award 2024 on 25 provisions of Article 27 OJK Regulation 15.
November 2024. • The Bank paid Cash Dividends for the 2023 Financial Year
• In connection with the issuance of OJK Regulation No. 30 to Shareholders fairly and on time. All Shareholders were
of 2024 concerning Financial Conglomeration and Financial treated equally and received Cash Dividends within 30
Conglomeration Holding Companies, which was passed in days after being approved by Shareholders in the General
December 2024. Maybank Indonesia meets the criteria as a Meeting of Shareholders. Cash Dividends were paid to all
financial Conglomeration as specified in Article 2 paragraph Shareholders on 30 April 2024, after being approved in the
(1) of the referred OJK regulation No. 30 of 2024, and thus, Annual GMS held on 31 March 2023.
will submit an application for the establishment of a Financial • In 2024, the Bank announced the results of the Annual GMS
Conglomeration Holding Company to the OJK, 6 (six) months and Extraordinary GMS, including each decision and voting
since the issuance of OJK Regulation No. 30 of 2024. results for each decision, to the Public on the following
• In connection with the issuance of OJK Regulation No. 15 business day.
of 2024 concerning the Integrity of Bank Financial Reports, • Routinely disseminated information on Internal Regulation
which was enacted in October 2024, Maybank Indonesia has governance to all Work Units with the aim of realising
issued a Company Regulation concerning the Integrity of effective Internal Regulation governance.
Financial Reporting. In addition, the Bank has also prepared Ensured that Internal Regulation governance remained
a plan and framework to implement OJK Regulation No. 15 of compliant with the applicable hierarchy and avoided
2024 at Maybank Indonesia. overlaps between issued Internal Regulations.
• As part of an effort to strengthen the implementation • Paid benchmark visits on archive management at other
of the OJK Regulation No. 8 of 2023 Concerning the institutions, updated the Company's archive management
Implementation of Anti-Money Laundering, Prevention policy, and socialised the policy to all branch offices and
of Terrorism Financing, and Prevention of Proliferation head offices, thereby increasing awareness of better
of Weapons of Mass Destruction Funding Programs in company archive management.
the Financial Services Sector/PPPSPM (“OJK Regulation
8/2023”), Maybank Indonesia is always committed to
implementing a series of integrated strategic steps,
including:
418 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
CORPORATE GOVERNANCE ROADMAP
In order to enhance the Bank's compliance and foster trust among stakeholders, Maybank Indonesia is committed to continuously
improving the quality of GCG implementation based on best practices and standards. To achieve this, Maybank Indonesia has developed
and is executing the Bank's GCG roadmap, as follows:
2021 2022
Governance Excellence Cultivating good
governance practices as
DNA to become a good
corporate citizen with
ethics and responsibility.
2024 2023
Achieving Maybank Carrying out the
Integrated Governance commitment of Sustainable
Excellence. Governance Excellence/
Good Corporate Citizen by
implementing sustainable
governance excellence.
2025
Achieving Integrated
Governance Excellence
to Support Sustainable
Business Growth
2024 Annual Report PT Bank Maybank Indonesia Tbk 419
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
BANK'S GOVERNANCE STRUCTURE
BANK GOVERNANCE STRUCTURE
General Meeting of Shareholders
Check dan Balances
Shariah Supervisory
Board of Commissioners Board of Directors
Board
Supervision Lines
Audit Committee Risk Management Committee
Risk Oversight Committee Credit Policy Committee
BANKS
SUPPORTING
Nomination and Remuneration ORGANS Credit Committee
Committee
Integrated Good Corporate Information Technology Steering
Governance Committee Committee
Whistleblowing Governance Integrated Risk Management
Committee Committee
Information and Technology
Other Supporting Committee*)
Oversight Committee
Financial Internal Audit
Corporate Corporate Legal &
Crime Anti Fraud Compliance Risk Management Work Unit
Secretary Litigation
Compliance (IAU)
*) The aforementioned supporting committees have reporting and coordination lines with the Board of Directors, as well as several independent working
units. A detailed description of these committees is provided below.
The supporting committees referred to above include the Asset and Liabilities Management (ALM) and the Asset and Liabilities Management Committee
(ALCO), the Credit Restructuring Committee, the Internal Audit Committee, the Human Resources Committee, the Human Capital Discipline Committee,
the Transformation Steering Committee, and the Joint Steering Committee.
Coordination Line
Maybank Indonesia has a Governance Structure that outlines The Board of Commissioners is supported by supporting organs,
the positions, functions, division of tasks and responsibilities, including Committees at the Board of Commissioners level
mechanisms, decision-making processes, and reporting flows in line with applicable provisions. Committees at the Board
of the Bank's organs, in accordance with applicable regulations of Commissioners level are formed to assist and enhance the
and laws. An adequate Governance Structure will support the supervisory function carried out by the Board of Commissioners,
implementation of GCG principles, resulting in achievements consisting of the Audit Committee, Risk Monitoring Committee,
that meet stakeholders' expectations. Nomination and Remuneration Committee, Integrated Good
Corporate Governance, Whistleblowing Governance Committee,
The Governance Structure of Maybank Indonesia consists of and Information Technology Monitoring Committee.
the General Meeting of Shareholders (GMS), the Board of
Commissioners, and the Board of Directors, with the GMS The Board of Directors has a mandate for representation and
as the highest organ. The Board of Commissioners is tasked managerial roles, playing a key role in the Bank's daily operations
with overseeing the management of the Bank by the Board and responsible for implementing the Bank's short-term and long-
of Directors and providing necessary advice to the Board of term strategies and initiatives. The Board of Directors establishes
Directors. committees at the Director level to assist in the management of
420 2024 Annual Report
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the Bank in compliance with regulatory requirements, namely the SELF-ASSESSMENT RESULTS OF
Risk Management Committee, Credit Policy Committee, Credit GOOD CORPORATE GOVERNANCE
Committee, Information Technology Steering Committee, and IMPLEMENTATION IN 2024
Integrated Risk Management Committee.
Assessment Procedures and Criteria
In addition, Maybank Indonesia also establishes other The Bank conducted a self-assessment on the implementation of
committees as needed by the Bank, outside of committees Good Corporate Governance within Maybank Indonesia based on
required by applicable regulations and laws. These committees the provisions of Financial Services Authority Regulation Number
are formed under the Board of Directors through the Board 17 of 2023 and Financial Services Authority Circular Letter No.13/
of Directors' decision letter, such as the Assets and Liabilities SEOJK.03/2017 regarding the Implementation of Good Corporate
Committee (ALCO), Credit Restructuring Committee, Value Governance for Commercial Banks.
Reduction Committee, Internal Audit Committee, Human Capital
Committee, Human Capital Discipline Committee, Information The Bank always applies the principles of Governance consisting
and Technology Steering Committee, and Transformation of Transparency, Accountability, Responsibility, Independence,
Steering Committee. and Fairness to produce a Governance Rating which is an
important factor in determining the Bank’s Health Level in
The Board of Directors is also assisted and supported by other accordance with OJK Regulation No.4/POJK.03/2016. This
Governance organs, including the Corporate Secretary function assessment is carried out on 3 aspects of the Governance system,
and various working units such as the Internal Audit Unit (SKAI), namely the structure, process and results of Governance on the
Risk Management Directorate, Compliance Task Force, Corporate following 11 Governance Implementation Assessment Factors
Legal & Litigation Working Unit, and Financial Crime Compliance pursuant to OJK Circular Letter No.13/SEOJK.03/2017, as follow:
(FCC) & Anti Fraud Working Unit. 1. Implementation of duties and responsibilities of the Board of
Directors;
The implementation of Bank GCG is also supported by a GCG 2. Implementation of duties and responsibilities of the Board of
Soft Structure in the form of documents that regulate rules, Commissioners;
division of responsibilities and authorities of the Board of 3. Completeness and implementation of the Committee’s
Commissioners and Board of Directors, and each committee duties;
under the Board of Commissioners and Board of Directors. These 4. Handling of conflict of interest;
documents serve as the basis for the implementation of the 5. Implementation of Compliance function;
functions of the Board of Commissioners, Board of Directors, and 6. Implementation of Internal Audit function;
these committees. 7. Implementation of External Audit function;
8. Implementation of Risk Management including Internal
Furthermore, Maybank Indonesia also implements the principles Control System;
of checks and balances, risk management systems, and internal 9. Provision of funds to related parties and provision of large
control systems effectively, referring to applicable Governance funds;
guidelines and standards. The effort to implement GCG practices 10. Transparency of the Company’s financial and non-financial
in line with best practices is a key factor for the Bank to achieve its conditions, reports on the implementation of Bank
vision, mission, and long-term goals set and consistently contribute Governance and internal reporting; and
positively to stakeholders. 11. The Bank’s strategic plan.
2024 Annual Report PT Bank Maybank Indonesia Tbk 421
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Method and Parties Conducting Assessment
Assessment of the implementation of Governance is conducted using the self-assessment method. This assessment involves the
Board of Commissioners, Board of Directors, Independent Parties, Executive Officers and independent units in order to produce a
comprehensive and structured assessment of the effectiveness of the Governance system and the quality of the Bank’s Governance
results. This self-assessment also includes the implementation of Governance in subsidiaries in accordance with applicable regulations.
Results of Self-Assessment
The results of the self-assessment of the Bank’s GCG implementation on a consolidated basis as of December 2024 are as follows:
Rating
Factors of Assessment Bank Individuals MIF WOMF
Consolidation
Weight 92.54% Weight 4.05% Weight 3.41%
Governance 2 1 2 2
The results of the self-assessment of Governance in Individual Banks and WOMF each resulted in a score of 2 with the predicate of
GOOD assessment. This is with the fulfillment of several fundamental provisions. The results of the Governance self-assessment at MIF
resulted in a score of 1 with an assessment predicate of VERY GOOD.
INFORMATION ON MAJOR AND CONTROLLING SHAREHOLDERS
Amanah Raya Trustees Citigroup Nominees (Tempatan)
Permodalan Nasional Other Institution &
Berhad (B/O: Amanah Sdn Bhd (B/O: Employees
Berhad Retail Investor
Saham Bumiputera) Provident Fund Board)
30,51% 13,08% 6,52% 49,89%
Malayan Banking Berhad
45,02% Sorak Financial Holdings Pte Ltd
33,96% Maybank Offshore Corporate Maybank Asset Management
Service (Labuan) Sdn Bhd Group Berhad
100% 100%
8,73% 100%
Vital Solution Fund
Maybank Asset Management
Sdn Berhad
12,29% 99%
Public
Asset Management
PT Maybank Asset Management
100% Maybank IB Holdings Sdn Bhd
PT Bank Maybank Indonesia Tbk
100% 100%
Etiqa International Holdings
Maybank Kim Eng Holdings Ltd
Sdn Bhd
99,99% 67,49%
PT Maybank PT Wahana
79,87% 85%
Indonesia Ottomitra
Finance Multiartha Tbk PT Asuransi Etiqa Internasional PT Maybank Sekuritas
Indonesia Indonesia*
*) d/h PT Maybank Kim Eng Sekuritas Indonesia
422 2024 Annual Report
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General Meeting of Shareholders
The General Meeting of Shareholders (GMS) is the highest c. Approve the repurchase of shares that have been issued
organ in the Bank that has authority not granted to the Board d. To approve the capital increase of the Company
of Commissioners or the Board of Directors, within the limits e. Decide on the reduction of the Company’s capital
set forth in the Law on Limited Liability Companies and/or the f. Approve the work plan proposed by the Board of Directors
Bank’s Articles of Association. The GMS consists of: Annual GMS g. Deciding the use of net profit including the determination of
(AGMS) and Extraordinary GMS (EGMS). the amount of allowance for reserves
h. Regulate the procedure for taking dividends that have been
The Annual GMS must be held no later than 6 (six) months after put into a special reserve
the financial year ends. While the Extraordinary GMS can be held i. Deciding on the merger, consolidation, acquisition, or
at any time based on the need for the interests of the Company. separation, the filing of a petition for the Company to
In 2024, Maybank Indonesia held hold an Annual General be declared bankrupt, the extension of the period of
Meeting of Shareholders on 1 April, 2024, which is 4 months after incorporation, and the dissolution of the Company
the end of the financial year j. Deciding on the division of duties and management authority
among the Board of Directors in the event that the Board
LEGAL BASIS of Directors consists of 2 or more members of the Board of
The legal basis for the implementation of the Maybank Indonesia Directors
GMS held in 2024 refers to the following regulations: k. Appoint members of the Board of Directors
1. Law No. 40 of 2007 concerning Limited Liability Companies. l. Deciding the provisions on the amount of salary and benefits
2. OJK Regulation No. 15/POJK.04/2020 concerning the Plan of members of the Board of Directors
and Implementation of General Meeting of Shareholders of m. Deciding on the authority of the Board of Directors to
Public Companies. represent the Company in the event that the Board of
3. OJK Regulation No. 16/POJK.04/2020 regarding the Directors is more than 1 person
Implementation of the General Meeting of Shareholders of n. Approve to transfer the Company’s assets, or make debt
Public Companies Electronically. collateral for the Company’s assets, which constitute more
4. Articles of Association of the Bank. than 50% of the total net assets of the Company in one or
more transactions, whether related to each other or not
RIGHTS AND AUTHORITIES OF o. Approve whether or not the Board of Directors can file a
SHAREHOLDERS IN THE GMS bankruptcy petition against the Company to the Commercial
Shareholders have rights over their shares so that their rights Court
are protected and can be exercised in accordance with laws and p. Dismiss any member of the Board of Directors at any time by
regulations and the Bank’s Articles of Association. Shareholders stating the reasons thereof
have the right to attend the GMS, express their opinions and cast q. Revoke or uphold the decision of temporary dismissal of
their votes in the decision-making process, and obtain various members of the Board of Directors that has been determined
information related to the agenda of the Meeting. In the GMS by the Board of Commissioners
forum, shareholders are entitled to obtain information relating r. Appoint members of the Board of Commissioners
to the Company from the Board of Directors and/or the Board s. Determine the provisions regarding the amount of salary
of Commissioners, as long as it is related to the agenda of the or honorarium and benefits for members of the Board of
meeting and does not conflict with the interests of the Company. Commissioners
Regarding other agenda, the GMS is not entitled to make FAIR TREATMENT OF SHAREHOLDERS
decisions, unless all shareholders are present, and/or Maybank Indonesia implements the principle of equality and
represented, at the GMS and agree to the addition of meeting provides fair treatment to all shareholders. This effort is made
agenda items. The resolution on the added agenda must be by ensuring that all shareholders are treated equally, including
approved unanimously. through transparency of shareholder rights to obtain a share of
profits with disclosure of target dividend payout ratios.
The authority of GMS in Maybank Indonesia in line with Law No.
40 of 2007 on Limited Liability Companies are as follows: Maybank Indonesia is also committed to maintaining the
a. Decide on the deposit of shares in the form of money and/or quality of transparency and accountability to Shareholders,
in other forms, for example in the form of immovable objects demonstrated by providing information in a timely, adequate,
b. Approve whether or not shareholders and other creditors clear, accurate, and comparable manner and easily accessible
who have claims against the Company can exercise their to stakeholders in accordance with their rights. Access to
rights of collection as compensation for the obligation to shareholder information is available in print and electronic
deposit the price of the shares they have taken media, the Bank's website, and social media.
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and Analysis
MECHANISM FOR THE HOLDING OF ANNUAL GMS
The mechanism for holding the Company’s AGMS in 2024 was in accordance with the Bank’s Articles of Association and OJK Regulation
No.15/POJK.04/2020 regarding the Plan and Implementation of the General Meeting of Shareholders of Public Companies, as well
as OJK Regulation No.16/POJK.04/2020 regarding the Implementation of the Electronic General Meeting of Shareholders of Public
Companies.
The Company’s AGM in 2024 was also held electronically, in accordance with the provisions in the Financial Services Authority
Regulation No. 16/POJK.04/2020 concerning the Implementation of Electronic General Meetings of Shareholders of Public Companies.
Stages of the Annual GMS on 1 April 2024
AGMS 1 April 2024
Activities Terms
Notice of AGM to Regulators Notification Letter of AGMS Plan to the Financial Notification of the GMS plan shall be submitted to
Services Authority (OJK) and the Indonesia Stock OJK at the latest 5 (five) business days prior to the
Exchange (IDX) via e-Reporting on 13 February 2024. date of the GMS announcement to the public.
In the event that there is an amendment to the
agenda of the meeting, the Public Listed Company
must submit the amendment to OJK at the latest at
the time of the invitation to the GMS.
AGMS Publication Announced through the Indonesia Stock Exchange The announcement of the GMS is made through
Announcement website, PT Kustodian Sentral Efek Indonesia website the e-RUPS provider's website, the stock exchange
and the Bank's website www.maybank.co.id on website and the Public Company's website in
22 February 2024. Indonesian and foreign languages, at the latest
14 (fourteen) days before the date of the GMS
Announcement.
Report to Proof of the AGMS Announcement on the Indonesia
Regulator Stock Exchange website, PT Kustodian Sentral Efek
Indonesia website and the Bank’s website has been
submitted to OJK and IDX by e-Reporting on
22 February 2024.
Invitation to Publication Announced through the Indonesia Stock Exchange The invitation to the GMS shall be made through
the AGMS and website, PT Kustodian Sentral Efek Indonesia website the e-RUPS provider’s website, the stock exchange’s
Explanation and the Bank’s website www.maybank.co.id on website and the Public Company’s website in
of the AGMS 8 March 2024. Indonesian and foreign languages, at the latest 21
Agenda (twenty-one) days prior to the GMS.
Report to Evidence of the AGMS Invitation on the Indonesia
Regulator Stock Exchange website, PT Kustodian Sentral Efek
Indonesia website and the Bank’s website has been
submitted to OJK and IDX by e-Reporting on
8 March 2024.
The Holding of AGMS on 1 April 2024
Summary of AGMS Publication The Summary of AGMS Minutes was announced on Announcement of the Summary of Minutes of the
Minutes (Results) the Indonesia Stock Exchange website, PT Kustodian GMS is made on the e-RUPS provider’s website, the
Sentral Efek Indonesia website and the Bank’s website stock exchange website and the Public Company’s
www.maybank.co.id on 2 April 2024. website in Indonesian and foreign languages, no later
than 2 (two) working days after the GMS is held.
Report to Proof of announcement shall be submitted to Proof of announcement of the summary of the RUPS
Regulator OJK (Capital Market and Supervisor) and IDX minutes must be submitted to OJK 2 (two) working
(e-Reporting) on 2 April 2024. days after the announcement.
Minutes of the AGMS The minutes of the AGMS were submitted to OJK on The minutes of the GMS must be submitted to OJK no
30 April 2024. later than 30 (thirty) days after the GMS is held.
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Process of Holding AGMS on 1 April 2024
Date and Time Monday, 1 April, 2024 at 14.11 – 15.21 WIB
Venue Function Room, Sentral Senayan III, 28th Floor, Jalan Asia Afrika No. 8 Gelora Bung Karno,
Senayan, Jakarta 10270.
The Company's Annual General Meeting of Shareholders is held physically and electronically
using the KSEI Electronic General Meeting System Application ("eASY.KSEI Application")
provided by PT Kustodian Sentral Efek Indonesia ("KSEI"), in accordance with the provisions
of the Financial Services Authority Regulation ("OJK") Number 15/POJK.04/2020 concerning
the Planning and Implementation of General Meetings of Shareholders of Public Companies,
Financial Services Authority Regulation Number 16/POJK.04/2020 concerning the
Implementation of General Meetings of Shareholders of Public Companies Electronically,
KSEI Regulation Number XI-B concerning Procedures for Implementing General Meetings of
Shareholders Electronically Accompanied by Voting through the KSEI Electronic General Meeting
System ("eASY.KSEI"), and Article 11 paragraph 1 of the Company's Articles of Association.
In order to fulfill the provisions of Article 27 OJK Regulation 15, the Company has provided an
alternative electronic power of attorney (e-Proxy) for shareholders to attend and vote at the
Meeting through the eASY.KSEI application.
Quorum 60,233,820,426 shares (79.031248%) of the total 76,215,195,821 shares.
Chairman of the AGM Dato’ Khairussaleh Ramli as President Commissioner of the Company, based on the Circulation
Decision of the Board of Commissioners dated 7 February 2024.
Attendance of members of the Board of Dato’ Khairussaleh Ramli as the Chairman of the AGMS along with all other members of the
Commissioners including the President Board of Commissioners were physically present at the Meeting.
Commissioner
Attendance of the Chairman of the Audit Mr. Hendar as the Chairman of the Audit Committee was physically present at the Meeting.
Committee
Attendance of the Chairman of the Nomination and Mrs. Budhi Dyah Sitawati as the Chairman of the Nomination and Remuneration Committee was
Remuneration Committee physically present at the Meeting.
Attendance of the Chairman of the Risk Monitoring Mr. Achjar Iljas as the Chairman of the Risk Monitoring Committee was physically present at the
Committee Meeting.
Attendance of members of the Board of Directors Mr. Taswin Zakaria as the President Director along with all other members of the Board of
including the President Director Directors were physically present at the Meeting.
Attendance of Sharia Supervisory Board Mr. Muhammad Anwar Ibrahim as the Chairman of the Sharia Supervisory Board and Mr.
Mohammad Bagus Teguh Perwira as a Member of the Sharia Supervisory Board were physically
present at the Meeting.
Attendance of Compliance Director Mr. Muhamadian as the Compliance Director was physically present at the Meeting.
Independent Party to calculate the quorum and Notary Aulia Taufani, S.H.
vote on the AGMS decision
Number of shareholders who raised questions and/ After completing the discussion on each Meeting Agenda, the Chairperson of the Meeting
or gave opinions provided an opportunity for shareholders/shareholder proxies to ask questions/express opinions.
There were no shareholders/shareholder proxies who asked questions on all Meeting Agenda
items.
AGMS decision-making mechanism Decision-making is done by voting verbally and electronically.
The Third, Sixth, Seventh, and Eighth Agendas of the Meeting were approved by deliberation to
reach a consensus.
The First, Second, Fourth, Fifth and Ninth Agendas of the Meeting were approved by majority
vote, where decision-making is done by voting verbally.
In the First Agenda of the Meeting, there were shareholders and/or shareholder proxies who
abstained, namely 5,432,300 shares, or 0.009019% of the total valid shares present at the
Meeting.
In the Second Agenda of the Meeting, there were shareholders and/or shareholder proxies who
abstained, namely 100 shares or 0.000001% of the total valid shares present at the Meeting.
On the Fourth Agenda of the Meeting, there were shareholders and/or shareholders' proxies who
abstained, namely 100 shares or 0.000001% of the total valid shares present at the Meeting.
On the Fifth Agenda of the Meeting, there were shareholders and/or shareholders' proxies who
abstained, namely 100 shares or 0.000001% of the total valid shares present at the Meeting.
On the Ninth Agenda of the Meeting, there were shareholders and/or shareholders' proxies who
expressed their disagreement, namely 13,400 shares or 0.000022% of the total valid shares
present at the Meeting.
On the Fourth Agenda of the Meeting, there were shareholders and/or shareholders' proxies
who expressed their disagreement, namely 13,400 shares or 0.000022% of the total valid shares
present at the Meeting.
Vote counting and validation of votes at the Meeting were carried out by a Notary.
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Main Highlights Management Report Company Profile Management Discussion
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ANNUAL GMS VOTE COUNTING PROCESS
The vote count and voting procedures at the Annual GMS of Maybank Indonesia are described in the GMS Meeting Rules distributed to
shareholders and read out by the Program Director before the Annual GMS begins.
The complete disclosure of voting calculation and procedures is set out in the AGMS Meeting Procedures which are announced/
uploaded on the Indonesia Stock Exchange website, PT Kustodian Sentral Efek Indonesia website and the Bank’s website together with
the Invitation to the AGMS.
RESOLUTIONS AND REALISATION OF RESULTS OF THE AGM 2024
The Bank held an AGM on 1 April 2024 resulting in the following agenda and resolutions:
First Agenda:
Approval on the Company’s Annual Report and Ratification of the Company’s Consolidated Financial Realisation
Statements for Financial Year ended on 31 December 2023.
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who raised questions/opinions; 2024
- Shareholders and/or their proxies who declared blank vote, amounted 5,432,300 shares or 0.009019% of the total shares
who attended the Meeting;
- There were no shareholders and/or their proxies who declared disagree vote;
The shareholders who agreed amounted to 60,228,388,126 shares or 99.990981% of the total shares who attended the
Meeting.
In accordance with Article 12 paragraph (7) of the Company’s Articles of Association (”AoA”) and Article 47 of OJK Regulation
Number 15/POJK.04/2020, a blank vote is considered declared as the same vote with majority votes, therefore the total of
agree votes amounted 60,233,820,426 shares or 100% of the total shares who attended the Meeting.
Therefore, all of the shareholders who attended the Meeting or amounted 60,233,820,426 shares (100%) have approved the
following resolutions:
1. Accept and approve the Annual Report of the Company for the Financial Year ended on 31 December 2023.
2. Ratify the Company’s Consolidated Financial Statements dated 31 December 2023 and for the Financial Year ended on 31
December 2023, which has been audited by the Public Accountant Firm of “Purwantono, Sungkoro & Surja” (a member
firm of Ernst & Young Global Limited) as stipulated in its report Number 00073/2.1032/AU.1/07/0703-1/1/II/2024 dated 23
February 2024 with audit opinion: “present fairly, in all material respects”.
3. Ratify the Supervisory Report of the Board of Commissioners and the Sharia Supervisory Board of the Company for the
Financial Year ended on 31 December 2023.
4. Provide acquit and discharge (“acquit et décharge”) to the members of the Board of Directors and the Board of
Commissioners of the Company for the management and supervision performed in the Financial Year 2023, as long as the
management and supervisory actions are reflected in the Company’s Annual Report for the year ended on 31 December
2023, and not breach any prudent banking principles and not included in the category of criminal offenses.
Vote Calculation
In favor Against Abstain
60,228,388,126 Nil 5,432,300 shares
(99.990981%) (0.009019%)
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Second Agenda:
Realisation
Determination on the Utilisation of the Company’s Net Profit for Financial Year ended on 31 December 2023.
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- Shareholders and/or their proxies who declared blank vote, amounted 100 shares or 0.000001% of the total shares who
attended the Meeting;
- There were no shareholders and/or their proxies who declared disagree vote;
The shareholders who agreed amounted to 60,233,820,326 shares or 99.999999% of the total shares who attended the
Meeting.
In accordance with Article 12 paragraph (7) of the Company’s Articles of Association (”AoA”) and Article 47 of OJK Regulation
Number 15/POJK.04/2020, a blank vote is considered declared as the same vote with majority votes, therefore the total of
agree votes amounted 60,233,820,426 shares or 100% of the total shares who attended the Meeting.
Therefore, all of the shareholders who attended the Meeting or amounted 60,233,820,426 shares (100%) have approved the
following resolutions:
1. Approve the use of Company’s Net Profit for Financial Year of 2023 which has been ratified in the First
Agenda of the meeting, a total amount of Rp1,743,406,226,869,- to be used as follows:
a. 45% or maximum Rp784,532,802,091,- will be distributed as Cash Dividend, or amounted Rp10.29365,- per share;
b. The remaining 55% or Rp958,873,424,778,- will be set as Company’s “Retained Profit”.
2. Approve the distribution of cash dividend for Financial Year 2023 to be performed with the following provisions:
a. Shareholders who have the rights to receive cash dividend of the Financial Year 2023 are the shareholders whose names
are registered in the Company’s Shareholders List dated 19 April 2024;
b. Cash Dividend will be paid on 30 April 2024;
c. The Board of Directors is granted with the authority to determine matters related to the implementation of cash
dividend payment, including but not limited to set the procedures of the distribution of cash dividend and publish
related disclosure according to prevailing stock exchange’s regulations.
Vote Calculation
In favor Against Abstain
60,233,820,326 saham Nil 100 shares
(99,999999%) (0,000001%)
Third Agenda:
Appointment of Public Accountant and Public Accountant Firm to audit the Company’s Financial Statements for Realisation
Financial Year of 2024 and Determination on the Honorarium and other requirements related to the appointment.
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,233,820,426 shares (100%) have approved the
following resolutions:
1. Appoint “Yasir” and Public Accountant Firm “Purwantono, Sungkoro dan Surja (a member firm of Ernst & Young Global
Limited) as Public Accountant and Public Accountant Firm to audit the Financial Statements of the Company for the
Financial Year of 2024.
2. Approve the delegation of authority to the Board of Commissioners of the Company to determine the amount of the
honorarium in relation with the appointment of Public Accountant Firm, with conditions which is considered good.
3. Delegate the authority to the Board of Commissioners and the Board of Directors of the Company to carry out the
matters related to the appointment of Public Accountant Firm, including to appoint other Public Accountant and/or Public
Accountant Firm, in the event that Public Accountant Firm “Purwantono, Sungkoro dan Surja”, for whatever reason, could
not finish its audit on the Company’s Financial Statements for the Financial Year of 2024.
Vote Calculation
In favor Against Abstain
60,233,820,426 shares Nil Nil
(100%)
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Main Highlights Management Report Company Profile Management Discussion
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Fourth Agenda:
Realisation
Determination on the Honorarium and/or Other Allowances for the Board of Commissioners for Financial Year of 2024
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- Shareholders and/or their proxies who declared blank vote, amounted 100 shares or 0.000001% of the total shares who
attended the Meeting;
- Shareholders and/or their proxies who declared disagree vote, amounted 13,400 shares or 0.000022% of the total shares
who attended the Meeting;
The shareholders who agreed amounted to 60,233,806,926 shares or 99.999978% of the total shares who attended the
Meeting.
In accordance with Article 12 paragraph (7) of the Company’s Articles of Association (”AoA”) and Article 47 of
OJK Regulation Number 15/POJK.04/2020, a blank vote is considered declared as the same vote with majority
votes, therefore the total of agree votes amounted 60,233,807,026 shares or 99,999978% of the total shares who attended
the Meeting.
Therefore, Meeting with majority vote, amounted 60,233,807,026 shares (99,999978%) has approved the following
resolution:
• Approve the delegation of authority to the President Commissioner to determine the Honorarium and/or Other
Allowances for the members of the Board of Commissioners for the Financial Year of 2024, by taking into consideration
the suggestion and recommendation from the Company’s Nomination and Remuneration Committee. The amount of the
Honorarium and/or Other Allowances for the members of the Board of Commissioners will be included in the Annual
Report for the Financial Year of 2024.
Vote Calculation
In favor Against Abstain
60,233,807,026 shares 13,400 shares 100 shares
(99,999978%) (0,000022%) (0,000001%)
Fifth Agenda:
Authorisation to the Board of Commissioners to determine:
Realisation
• The Salary and/or Other Allowances for the members of the Board of Directors for Financial Year of 2024, and
• The Honorarium and/or Other Allowances for the members of Sharia Supervisory Board for Financial Year of 2024
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- Shareholders and/or their proxies who declared blank vote, amounted 100 shares or 0.000001% of the total shares who
attended the Meeting;
- There were no shareholders and/or their proxies who declared disagree vote;
The shareholders who agreed amounted to 60,233,820,326 shares or 99.999999% of the total shares who attended the
Meeting.
In accordance with Article 12 paragraph (7) of the Company’s Articles of Association (”AoA”) and Article 47 of OJK Regulation
Number 15/POJK.04/2020, a blank vote is considered declared as the same vote with majority votes, therefore the total of
agree votes amounted 60,233,820,426 shares or 100% of the total shares who attended the Meeting.
Therefore, all of the shareholders who attended the Meeting or amounted 60,233,820,426 shares (100%) have approved the
following resolutions:
1. Determine the amount of the Bonus for the Board of Directors of the Company for Financial Year of 2023 amounted
Rp34,795,000,000,- where the execution on the distribution, including the determination of bonus amount of each
member of the Board of Directors as well as the determination of variable remuneration, shall be made in accordance
with the recommendation from the Nomination and Remuneration Committee of the Company with due regard to the
prevailing regulations regarding the Remuneration of the Board of Directors. The amount of the bonus for the Board of
Directors will be included in the Annual Report for the Financial Year of 2024.
2. Approve the delegation of authority to the Board of Commissioners to determine the amount of the Salary and/or
Other Allowances for the Board of Directors for Financial Year of 2024 by taking into consideration the suggestion and
recommendation from the Company’s Nomination and Remuneration Committee. The amount of the Salary and/or Other
Allowances for the Board of Directors will be included in the Annual Report for the Financial Year of 2024.
3. Approve the delegation of authority to the Board of Commissioners to determine the Honorarium and/or Other
Allowances for the members of Syariah Supervisory Board for Financial Year of 2024 by taking into consideration the
suggestion and recommendation from the Company’s Nomination and Remuneration Committee. The amount of the
Honorarium and/or Other Allowances for the members of Syariah Supervisory Board will be included in the Annual Report
for the Financial Year of 2024.
Vote Calculation
In favor Against Abstain
60,233,820,326 shares Nil 100 shares
(99,999999%) (0,000001%)
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Governance Responsibility
Sixth Agenda:
The Changes in the Composition of the members of the Board of Commissioners, Board of Directors and Sharia Realisation
Supervisory Board of the Company
Pengambilan keputusan diambil berdasarkan musyawarah untuk mufakat, dimana: Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,233,820,426 shares (100%) have approved the
following resolutions:
1. Approve the termination of the term of office of Budhi Dyah Sitawati as the Company’s Independent Commissioner, Datuk
Lim Hong Tat as the Company’s Commissioner and Putut Eko Bayuseno as the Company’s Independent Commissioner,
whose term of office will be expired since the closing of the Meeting. The Company hereby expresses its highest
appreciation and thanks for the thoughts, hard work and services of Mrs. Budhi Dyah Sitawati, Mr. Datuk Lim Hong Tat and
Mr. Putut Eko Bayuseno for the progress of the Company, by providing acquit et de charge for their term of office since the
closing of this Meeting, will be given as long as it is reflected in the Company’s Annual Report and Financial Statements
which have been ratified at the Company’s Annual General Meeting of Shareholders for the Financial Year of 2024.
2. Approve the termination of the term of office of Taswin Zakaria as the Company’s President Director, Thilagavathy
Nadason as the Company’s Director, Muhamadian as the Company’s Director, Irvandi Ferizal as the Company’s Director
and Widya Permana as the Company’s Director, whose term of office will be expired since the closing of the Meeting. The
Company hereby expresses its highest appreciation and thanks for the thoughts, hard work and services of Mr. Taswin
Zakaria, Mrs. Thilagavathy Nadason, Mr. Muhamadian, Mr. Irvandi Ferizal and Mr. Widya Permana for the progress of the
Company, by providing acquit et de charge for their term of office since the closing of this Meeting, will be given as long as
it is reflected in the Company’s Annual Report and Financial Statements which have been ratified at the Company’s Annual
General Meeting of Shareholders for the Financial Year of 2024.
3. Approve the termination of the term of office of Abdul Jabar Majid as Member of the Company’s Sharia Supervisory
Board, whose term of office will be expired since the closing of the Meeting. The Company hereby expresses its highest
appreciation and thanks for the thoughts, hard work and services of Mr. Abdul Jabar Majid for the progress of the
Company’s Sharia Business Unit, by providing acquit et de charge for his term of office since the closing of this Meeting,
will be given as long as it is reflected in the Company’s Annual Report and Financial Statements which have been ratified at
the Company’s Annual General Meeting of Shareholders for the Financial Year of 2024.
4. Approve to reappoint Datuk Lim Hong Tat as the Company’s Commissioner and Putut Eko Bayuseno as the Company’s
Independent Commissioner for the term of office commencing on the closing of the Meeting until the closing of the
Company’s Annual General Meeting of Shareholders (“AGMS”) year 2027.
5. Approve to reappoint Irvandi Ferizal as the Company’s Director and Widya Permana as the Company’s Director for the
term of office commencing on the closing of the Meeting until the closing of the Company’s AGMS year 2027.
6. Approve that Muhammad Anwar Ibrahim can continue to carry out his position and authority as Chairman of the
Company’s Sharia Supervisory Board until his replacement is appointed and determined by the Company’s General
Meeting of Shareholders.
7. Approve that Mohammad Bagus Teguh Perwira can continue to carry out his position and authority as a Member of the
Company’s Sharia Supervisory Board, until the members of the Company’s Sharia Supervisory Board who appointed in this
General Meeting of Shareholders have effectively carried out their position and authority after fulfilling all requirements
based on applicable laws and regulations
8. Approve to appoint:
a. Marina R. Tusin as the Company’s Independent Commissioner with effective term of office since the closing of the
Meeting and after obtaining Financial Services Authority’s approval until the closing of the Company’s AGMS year 2027.
b. Steffano Ridwan, who currently serves as the Company’s Director to be appointed as the Company’s President Director,
with effective term of office since the closing of the Meeting and after obtaining Financial Services Authority’s approval
until the closing of the Company’s AGMS year 2027. As long as approval from the Financial Services Authority has
not been obtained, Steffano Ridwan will continue to serve as the Company’s Director and will also serve as Acting
President Director of the Company, and if his appointment as the Company’s President Director is not approved by the
Financial Services Authority, Steffano Ridwan will continue to serve as the Company’s Director, with a term of office
in accordance with his appointment as President Director of the Company, namely until the closing of the Company’s
AGMS year 2027.
c. Shaiful Adhli Yazid as the Company’s Director with effective term of office since the closing of the Meeting and after
obtaining Financial Services Authority’s approval until the closing of the Company’s AGMS year 2027.
d. Yessika Effendi as the Compliance Director of the Company with effective term of office the earliest on 3 June 2024
and after obtaining Financial Services Authority’s approval until the closing of the Company’s AGMS year 2027. As long
as approval from the Financial Services Authority has not been obtained, Irvandi Ferizal, who currently serves as the
Company’s Director will also serve as Acting Compliance Director of the Company, until Financial Services Authority’s
approval for the appointment of Yesika Effendi as Compliance Director of the Company is obtained.
e. Romy Hardiansyah as the Director of Sharia Business Unit of the Company, with effective term of office since the
closing of the Meeting and after obtaining Financial Services Authority’s approval until the closing of the Company’s
AGMS year 2027.
f. Dr. K.H. Sodikun, M.Si, M.E. as Member of the Company’s Sharia Supervisory Board, with effective term of office since
the closing of the Meeting and after fulfilling all requirements based on applicable laws and regulations until the closing
of the Company’s AGMS year 2027.
2024 Annual Report PT Bank Maybank Indonesia Tbk 429
Page 432
Main Highlights Management Report Company Profile Management Discussion
and Analysis
9. Determine that since the closing of this Meeting, the composition of the Board of Commissioners, Board of Directors and
Sharia Supervisory Board of the Company is as follows:
The Board of Commissioners:
- Dato’ Khairussaleh Ramli as President Commissioner
- Edwin Gerungan as Commissioner
- Datuk Lim Hong Tat as Commissioner
- Dato’ Zulkiflee Abbas Abdul Hamid as Commissioner
- Achjar Iljas as Independent Commissioner
- Hendar as Independent Commissioner
- Putut Eko Bayuseno as Independent Commissioner
- Marina R. Tusin as Independent Commissioner*)
The Board of Directors:
- Steffano Ridwan as President Director*)
- Irvandi Ferizal as Director
- Effendi as Director
- Widya Permana as Director
- Ricky Antariksa as Director
- Bambang Andri Irawan as Director
- Shaiful Adhli Yazid as Director*)
- Yessika Effendi as Compliance Director*)
- Romy Hardiansyah as Sharia Business Unit Director*)
Sharia Supervisory Board:
- Muhammad Anwar Ibrahim as Chairman**)
- Mohammad Bagus Teguh Perwira as Member***)
- Dr. K.H. Sodikun, M.Si., M.E. as Member****)
Provided that:
*) The appointment of Marina R. Tusin as Independent Commissioner of the Company, Steffano Ridwan as President
Director of the Company, Shaiful Adhli Yazid as Director of the Company, Yessika Effendi as Compliance Director of
the Company and Romy Hardiansyah as Sharia Business Unit Director of the Company will become effective after
obtaining approval from the Financial Services Authority. Therefore, the appointment that will apply to them is in
accordance with the decision of the Financial Services Authority.
**) Muhammad Anwar Ibrahim can continue to carry out his position and authority as Chairman of the Company's
Sharia Supervisory Board until his replacement is appointed and determined by the Company's General Meeting of
Shareholders.
***) Mohammad Bagus Teguh Perwira can still carry out his position and authority as Member of the Company's Sharia
Supervisory Board, until Dr. K.H. Sodikun M.Si., M.E. who appointed in this General Meeting of Shareholders have
effectively carried out their positions and authority as the Company's Sharia Supervisory Board after fulfilling all
requirements based on applicable laws and regulations.
****) Appointment of Dr. K.H. Sodikun, M.Si., M.E. as Member of the Company's Sharia Supervisory Board will become
effective after fulfilling all requirements based on applicable laws and regulations. Thus, the appointment that will
apply to him is after fulfilling all the requirements based on the applicable laws and regulations.
Vote Calculation
In favor Against Abstain
60.233.820.426 shares Nil Nil
(100%)
Seventh Agenda:
Realisation
The Distribution of Duties and Authorities among the members of the Board of Directors.
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,233,820,426 shares (100%) have approved the
following resolutions:
• The distribution of duties and authorities among the members of the Board of Directors for the Financial Year of 2024 will
be determined by the Board of Directors through the Board of Directors’ Resolution.
Vote Calculation
In favor Against Abstain
60.233.820.426 shares (100%) Nil Nil
430 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Eighth Agenda:
Approval on the Update of the Company’s Recovery Plan to fulfill Article 31 of Indonesia Financial Services Authority Realisation
Regulation Number 14/POJK.03/2017.
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,233,820,426 shares (100%) have approved the
following resolutions:
1. Approve the update of the Company's Recovery Plan, in line with the document regarding the update of the Company’s
Recovery Plan which has been submitted by the Board of Directors of the Company to OJK through its letters dated 31
October 2023, along with further adjustments related to Trigger Levels which have received approval from the Company's
Board of Commissioners on 23 February 2024.
2. Delegate the Authority to the Company’s Board of Commissioners and/or the Board of Directors to perform all necessary
actions in implementing the Recovery Plan in accordance with the prevailing regulations.
Vote Calculation
In favor Against Abstain
60.233.820.426 shares Nil Nil
(100%)
Ninth Agenda:
Realisation
Amendments on the Company’s Articles of Association (”AoA”).
Hence, the Resolution was done through voting: Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2024
- There were no shareholders and/or their proxies who declared blank vote;
- Shareholders and/or their proxies who declared disagree vote, amounted 13,400 shares or 0.000022% of the total shares
who attended the Meeting;
The shareholders who agreed amounted to 60,233,807,026 shares or 99.999978% of the total shares who attended the
Meeting.
Therefore, Meeting with majority vote, amounted 60,233,807,026 shares (99,999978%) has approved the following
resolution:
1. Approve the amendments on several articles in the Company’s Articles of Association, as follows:
- Article 15 regarding the Board of Directors
- Article 16 regarding Duties, Liabilities and Authorities of the Board of Directors
- Article 18 regarding the Board of Commissioners
- Article 19 regarding Duties, Liabilities and Authorities of the Board of Commissioners
- Article 20 regarding Meeting of the Board of Commissioners
- Article 22 regarding Sharia Supervisory Board
2. Approve the delegation of the power and authority to the Board of Directors of the Company to restate and/or reaffirm
the entire Articles of Association of the Company in a Notarial Deed (including to make an amendment and/or additional)
in relation to the amendment of the Company’s Articles of Association and delegate the authority to the Board of
Directors of the Company with the rights of substitution to the Notary to file the registration, obtain the receipt of the
notice or apply for approval from the authorized institution; In brief to perform any other necessary actions in accordance
with the provisions in the Company’s Articles of Association and prevailing laws and regulations.
Vote Calculation
In favor Against Abstain
60.233.807.026 shares 13.400 saham Nil
(99,999978%) (0,000022%)
2024 Annual Report PT Bank Maybank Indonesia Tbk 431
Page 434
Main Highlights Management Report Company Profile Management Discussion
and Analysis
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS 2024
In 2024, the Company held an Extraordinary General Meeting of Shareholders on 27 September 2024.
The Company's Extraordinary General Meeting of Shareholders (EGMS) on 27 September 2024 was held with the following stages and
implementation processes:
Stages of Implementation of the Extraordinary GMS on 27 September 2024
EGMS 27 September 2024
Activity Provisions
Notification of EGMS to Regulators Notification Letter of Extraordinary General Meeting Notification regarding the GMS plan is submitted to
of Shareholders Plan to the Financial Services the OJK no later than 5 (five) working days before the
Authority (OJK) and the Indonesia Stock Exchange date of the GMS announcement to the public.
(IDX) via e-Reporting on 14 August 2024.
In the event of a change in the agenda of the meeting,
the Public Company is required to submit the change
in the agenda to the OJK no later than the time of the
GMS summons.
Announcement of Publication Announced through the Indonesia Stock Exchange The announcement of the GMS is made through the
EGMS website, PT Kustodian Sentral Efek Indonesia website website of the e-GMS provider, the stock exchange
and the Bank's website www.maybank.co.id on website, and the website of the Public Company in
21 August 2024. Indonesian and foreign languages, no later than 14
(fourteen) days before the date of the GMS summons.
Report to Proof of the Announcement of the EGMS on the
Regulator Indonesia Stock Exchange website, the PT Kustodian
Sentral Efek Indonesia website and the Bank's
website has been submitted to the OJK and BEI via
e-Reporting on 21 August 2024.
Summon to EGMS Publication Announced through the Indonesia Stock Exchange The summons to the GMS is made through the
and Explanation of website, PT Kustodian Sentral Efek Indonesia website website of the e-GMS provider, the stock exchange
EGMS Agenda and the Bank's website www.maybank.co.id on website, and the website of the Public Company in
5 September 2024. Indonesian and foreign languages, no later than 21
(twenty-one) days before the GMS is held.
Report to Proof of the Summons for the EGMS on the Indonesia
Regulator Stock Exchange website, the PT Kustodian Sentral
Efek Indonesia website, and the Bank's website has
been submitted to the OJK and BEI via e-Reporting on
5 September 2024
EGMS Implementation 27 September 2024
Summary of Publication The Summary of the Minutes of the EGMS was The announcement of the Summary of the Minutes
Minutes (Results) announced on the Indonesia Stock Exchange website, of the GMS is made on the website of the e-GMS
of EGMS the website of PT Kustodian Sentral Efek Indonesia provider, the stock exchange website, and the website
and the Bank's website www.maybank.co.id on of the Public Company in Indonesian and foreign
30 September 2024. languages, no later than 2 (two) working days after
the GMS is held.
Report to Proof of announcement submitted to OJK (Capital Proof of the announcement of the summary of the
Regulator Market and Supervision) and BEI (e-Reporting) on minutes of the GMS must be submitted to the OJK 2
30 September 2024. (two) working days after it is announced.
Minutes of the EGMS The minutes of the EGMS were submitted to the OJK The minutes of the GMS must be submitted to the
on 23 October 2024. OJK no later than 30 (thirty) days after the GMS is
held.
432 2024 Annual Report
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Governance Responsibility
Process of Implementation of EGMS 27 September 2024
Place and Time Friday, 27 September 2024 at 14.07 – 14.31 WIB
Place Function Room, Sentral Senayan III, 28th Floor, Jalan Asia Afrika No. 8, Gelora Bung Karno
Senayan, Jakarta 10270
The Company's Extraordinary General Meeting of Shareholders is held physically and
electronically using the KSEI Electronic General Meeting System Application ("eASY.KSEI
Application") provided by PT Kustodian Sentral Efek Indonesia ("KSEI"), in accordance with the
provisions of the Financial Services Authority Regulation ("OJK") Number 15/POJK.04/2020
concerning the Planning and Implementation of General Meetings of Shareholders of Public
Companies, Financial Services Authority Regulation Number 16/POJK.04/2020 concerning the
Implementation of General Meetings of Shareholders of Public Companies Electronically, KSEI
Regulation Number XI-B concerning Procedures for the Implementation of General Meetings of
Shareholders Electronically Accompanied by Voting through the KSEI Electronic General Meeting
System ("eASY.KSEI"), and Article 11 paragraph 1 of the Company's Articles of Association.
In order to fulfill the provisions of Article 27 OJK Regulation 15, the Company has provided an
alternative electronic power of attorney (e-Proxy) for shareholders to attend and vote at the
Meeting through the eASY.KSEI application.
Quorum 74,181,837,878 shares (97.332%) of the total 76,215,195,821 shares
Chairman of the EGMS Dato’ Khairussaleh Ramli as President Commissioner of the Company, based on the Circular
Decision of the Board of Commissioners dated 13 August 2024.
Attendance of members of the Board of Dato’ Khairussaleh Ramli as the Chairman of the EGMS along with all other members of the
Commissioners including the President Board of Commissioners were physically present at the Meeting.
Commissioner
Attendance of the Chairman of the Audit Mr. Achjar Iljas as Chairman of the Audit Committee was physically present at the Meeting.
Committee
Attendance of the Chairman of the Nomination and Ms. Marina R. Tusin as Chairman of the Nomination and Remuneration Committee was physically
Remuneration Committee present at the Meeting.
Attendance of the Chairman of the Risk Monitoring Mr. Hendar as Chairman of the Risk Monitoring Committee was physically present at the
Committee Meeting.
Attendance of members of the Board of Directors Mr. Steffano Ridwan as President Director along with all other members of the Board of Directors
including the President Director were physically present at the Meeting.
Attendance of the Sharia Supervisory Board Mr. Muhammad Anwar Ibrahim as Chairman of the Sharia Supervisory Board, Mr. Mohammad
Bagus Teguh Perwira as Member of the Sharia Supervisory Board and Mr. Sodikun as Member of
the Sharia Supervisory Board*) were physically present at the Meeting.
*) The appointment of Mr. Sodikun as Member of the Sharia Supervisory Board of the Company is
effective as of 23 October 2024.
Attendance of the Compliance Director Mrs. Yessika Effendi as the Compliance Director was physically present at the Meeting.
Independent Party to conduct quorum calculation Notary Aulia Taufani, S.H.
and voting on EGMS resolutions.
Number of shareholders who asked questions and/ After completing the discussion on the Single Agenda of the Meeting, the Chairman of the
or provided opinions Meeting provided an opportunity for shareholders/shareholder proxies to ask questions/express
opinions.
There were no shareholders/shareholder proxies who asked questions on the Single Agenda of
the Meeting.
EGMS decision-making mechanism Decision making is done by voting verbally and electronically.
The Single Agenda of the Meeting is approved by deliberation to reach consensus.
The counting of votes and validation of votes in the Meeting is done by a Notary.
2024 Annual Report PT Bank Maybank Indonesia Tbk 433
Page 436
Main Highlights Management Report Company Profile Management Discussion
and Analysis
EXTRAORDINARY GMS VOTE CALCULATION PROCESS
The vote calculation and voting procedures at the Maybank Indonesia Extraordinary GMS are explained in the GMS Meeting Procedures
distributed to shareholders and explained by the Event Director before the Extraordinary GMS begins.
Complete disclosure of the vote calculation and voting procedures is set out in the GMS Procedures announced/uploaded on the
Indonesia Stock Exchange website, the PT Kustodian Sentral Efek Indonesia website, and the Bank's website, together with the
Extraordinary GMS Summon.
Resolutions And Realisation Of 2024 Egm Results
The Bank held an Extraordinary GMS on 27 September 2024, resulting in the following agenda and decisions
Single Agenda:
Realisation
Changes in the Composition of the Company's Management
Decision-making is based on deliberation to reach consensus, where: Has been realised in
- No shareholders and/or shareholder proxies raise questions/opinions; 2024
- No shareholders and/or shareholder proxies abstain;
- No shareholders and/or shareholder proxies disagree;
Accordingly, all shareholders present, or a total of 74,181,837,878 shares (100%), have decided to:
1. Approve to appoint:
a. Daniel James Rompas as the Company's Independent Commissioner for an effective term of office since the closing of
the Meeting and after obtaining approval from the relevant Regulator, until the closing of the Company's Annual General
Meeting of Shareholders to be held in 2027.
b. Bianto Surodjo as the Company's Director for an effective term of office since the closing of the Meeting and after
obtaining approval from the relevant Regulator, until the closing of the Company's Annual General Meeting of
Shareholders to be held in 2027.
c. M. Sa’ad Ih as Chairman of the Company’s Sharia Supervisory Board, in accordance with the recommendation of the
National Sharia Board of the Indonesian Ulema Council in Letter Number U-0609/DSNMUI/IX/2024 dated 2 September
2024, for an effective term of office since the closing of the Meeting and after obtaining approval from the relevant
Regulator, until the closing of the Company’s Annual General Meeting of Shareholders to be held in 2027.
d. Ahmad Satori as a Member of the Company's Sharia Supervisory Board, in accordance with the recommendation of the
National Sharia Board of the Indonesian Ulema Council in Letter Number U-0609/DSN-MUI/IX/2024 dated 2 September
2024, for an effective term of office since the closing of the Meeting and after obtaining approval from the relevant
Regulator, until the closing of the Company's Annual General Meeting of Shareholders to be held in 2027.
2. Determine that since the closing of the Meeting, the composition of the Company's Board of Commissioners, Board of
Directors, and Sharia Supervisory Board will be as follows:
Board of Commissioners:
- Dato' Khairussaleh Ramli as President Commissioner
- Edwin Gerungan as Commissioner
- Datuk Lim Hong Tat as Commissioner
- Dato' Zulkiflee Abbas Abdul Hamid as Commissioner
- Achjar Iljas as Independent Commissioner
- Hendar as Independent Commissioner
- Putut Eko Bayuseno as Independent Commissioner
- Marina R. Tusin as Independent Commissioner
- Daniel James Rompas as Independent Commissioner1)
Board of Directors:
- Steffano Ridwan as President Director
- Irvandi Ferizal as Director
- Effendi as Director
- Widya Permana as Director
- Ricky Antariksa as Director
- Bambang Andri Irawan as Director
- Shaiful Adhli Yazid as Director
- Yessika Effendi as Director in Charge of Compliance Function
- Romy Hardiansyah as Director of Sharia Business Unit
- Bianto Surodjo as Director1)
Sharia Supervisory Board:
- Muhammad Anwar Ibrahim as Chairman2)
- M. Sa’ad Ih as Chairman4)
- Mohammad Bagus Teguh Perwira as Member3)
- Sodikun as Member4)
- Ahmad Satori as Member4)
434 2024 Annual Report
Page 437
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
With the provisions that:
1) The appointment of Daniel James Rompas as Independent Commissioner of the Company and Bianto Surodjo as Director
of the Company will be effective after obtaining approval from the relevant Regulator. Thus, the appointment that will
apply to them is in accordance with the decision of the relevant Regulator.
2) Muhammad Anwar Ibrahim can continue to carry out his position and authority as Chairman of the Sharia Supervisory
Board of the Company until M. Sa’ad Ih, who was appointed in the Meeting, has effectively carried out his position
and authority as Chairman of the Sharia Supervisory Board of the Company after fulfilling all requirements based on
applicable laws and regulations.
3) Mohammad Bagus Teguh Perwira may continue to carry out his position and authority as a Member of the Company's
Sharia Supervisory Board until Sodikun has effectively carried out his position and authority as a Member of the
Company's Sharia Supervisory Board after fulfilling all requirements based on applicable laws and regulations.
4) The appointment of M. Sa’ad Ih as Chairman of the Company’s Sharia Supervisory Board and Sodikun and Ahmad Satori as
Members of the Company’s Sharia Supervisory Board will be effective after fulfilling all requirements based on applicable
laws and regulations. Thus, the appointment that will apply to them is after fulfilling all requirements based on applicable
laws and regulations.
3. Agree to delegate authority and power to the Company’s Board of Directors to restate and/or reaffirm in a Notarial deed
(including making changes and/or additions) in connection with changes in the members of the Company’s Board of
Commissioners, Board of Directors, and Sharia Supervisory Board and grant authority and power to the Board of Directors
with the right of substitution to the Notary to submit registration, obtain receipt of notification, or submit approval from
the authorised agency; in short, to carry out all other actions required in accordance with the provisions of the Company’s
Articles of Association and applicable laws and regulations.
Vote Counting
Agree Disagree Abstain
74,181,837,878 shares Nil Nil
(100%)
2024 Annual Report PT Bank Maybank Indonesia Tbk 435
Page 438
Main Highlights Management Report Company Profile Management Discussion
and Analysis
DECISIONS AND REALISATION OF THE RESULTS OF THE PREVIOUS YEAR'S AGMS AND
EGMS
All decisions of the previous year's GMS, namely the AGMS on 31 March 2023 and EGMS 2023.
The information regarding the decisions and realisation of the AGMS and EGMS in 2023 is described below.
Keputusan dan Realisasi RUPST tahun 2023 tanggal 31 March 2023
First Agenda:
Approval on the Company’s Annual Report and Ratification of the Company’s Consolidated Financial Statements for Realisation
Financial Year ended on 31 December 2022
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who raised questions/opinions; 2023
- Shareholders and/or their proxies who declared blank vote, amounted 5,432,300 shares or 0.009% of the total shares who
attended the Meeting;
- There were no shareholders and/or their proxies who declared disagree vote;
The shareholders who agreed amounted to 60,232,960,199 shares or 99.991% of the total shares who attended the Meeting.
In accordance with Article 12 paragraph (7) of the Company’s Articles of Association (”AoA”) and Article 47 of OJK Regulation
Number 15/POJK.04/2020, a blank vote is considered declared as the same vote with majority votes, therefore the total of
agree votes amounted 60,238,392,499 shares or 100% of the total shares who attended the Meeting.
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
1. Accept and approve the Annual Report of the Company for the Financial Year ended on 31 December 2022.
2. Ratify the Company's Consolidated Financial Statements dated 31 December 2022 and for the Financial Year ended on 31
December 2022, which has been audited by the Public Accountant Firm of “Purwantono, Sungkoro & Surja” (a member
firm of Ernst & Young Global Limited) as stipulated in its report Number 00086/2.1032/AU.1/07/0240-1/1/II/2023 dated 16
February 2023 with audit opinion: “unmodified opinion”.
3. Ratify the Supervisory Report of the Board of Commissioners and the Sharia Supervisory Board of the Company for the
Financial Year ended on 31 December 2022.
4. Provide acquit and discharge (“acquit et décharge”) to the members of the Board of Directors and the Board of
Commissioners of the Company for the management and supervision performed in the Financial Year 2022, as long as the
management and supervisory actions are reflected in the Company’s Annual Report for the year ended on 31 December
2022, and not breach any prudent banking principles and not included in the category of criminal offenses.
Vote Calculation
In favor Against Abstain
60.232.960.199 shares Nil 5.432.300 shares
(99,991%) (0,009%)
Second Agenda:
Realisation
Determination on the Utilisation of the Company’s Net Profit for Financial Year ended on 31 December 2022
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
1. Approve the use of Company’s Net Profit for Financial Year of 2022 which has been ratified in the First Agenda of the
meeting, a total amount of Rp1,471,070,391,742,- to be used as follows:
a. 40% or maximum Rp588,428,156,697,- will be distributed as Cash Dividend, or amounted Rp7.72061,- per share;
b. The remaining 60% or Rp882,642,235,045, will be set as Company’s “Retained Profit”.
2. Approve the distribution of cash dividend for Financial Year 2022 to be performed with the following provisions:
a. Shareholders who have the rights to receive cash dividend of Financial Year 2022 are the shareholders whose names are
registered in the Company’s Shareholders List dated 13 April 2023;
b. Cash Dividend will be paid on 28 April 2023;
c. The Board of Directors is granted with the authority to determine matters related to the implementation of cash
dividend payment, including but not limited to set the procedures of the distribution of cash dividend and publish
related disclosure according to prevailing stock exchange’s regulations.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
436 2024 Annual Report
Page 439
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Third Agenda:
Appointment of Public Accountant and Public Accountant Firm to audit the Company’s Financial Statements for Financial Realisation
Year of 2023 and Determination on the Honorarium and other requirements related to the appointment.
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
1. Appoint “Yasir” and Public Accountant Firm “Purwantono, Sungkoro dan Surja (a member firm of Ernst & Young Global Limited) as
Public Accountant and Public Accountant Firm to audit the Financial Statements of the Company for the Financial Year of 2023.
2. Approve the delegation of authority to the Board of Commissioners of the Company to determine the amount of the honorarium
in relation with the appointment of Public Accountant Firm, with conditions which is considered good.
3. Delegate the authority to the Board of Commissioners and the Board of Directors of the Company to carry out the matters
related to the appointment of Public Accountant Firm, including to appoint other Public Accountant and/or Public Accountant
Firm, in the event that Public Accountant Firm “Purwantono, Sungkoro dan Surja”, for whatever reason, could not finish its audit
on the Company’s Financial Statements for the Financial Year of 2023.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
Fourth Agenda:
Realisation
Determination on the Honorarium and/or Other Allowances for the Board of Commissioners for Financial Year of 2023
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
• Approve the delegation of authority to the President Commissioner to determine the Honorarium and/or Other Allowances
for the members of the Board of Commissioners for the Financial Year of 2023, by taking into consideration the suggestion and
recommendation from the Company’s Nomination and Remuneration Committee. The amount of the Honorarium and/or Other
Allowances for the members of the Board of Commissioners will be included in the Annual Report for the Financial Year of 2023.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
Fifth Agenda:
Authorisation to the Board of Commissioners to determine:
Realisation
• The Salary and/or Other Allowances for the members of the Board of Directors for Financial Year of 2023, and
• The Honorarium and/or Other Allowances for the members of Sharia Supervisory Board for Financial Year of 2023
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
1. Determine the amount of the Bonus for the Board of Directors of the Company for Financial Year of 2022 amounted
Rp28,752,000,000,- where the execution on the distribution, including the determination of bonus amount of each member
of the Board of Directors as well as the determination of variable remuneration, shall be made in accordance with the
recommendation from the Nomination and Remuneration Committee of the Company with due regard to the prevailing
regulations regarding the Remuneration of the Board of Directors. The amount of the bonus for the Board of Directors will be
included in the Annual Report for the Financial Year of 2023.
2. Approve the delegation of authority to the Board of Commissioners to determine the amount of the Salary and/or
Other Allowances for the Board of Directors for Financial Year of 2023 by taking into consideration the suggestion and
recommendation from the Company’s Nomination and Remuneration Committee. The amount of the Salary and/or Other
Allowances for the Board of Directors will be included in the Annual Report for the Financial Year of 2023.
3. Approve the delegation of authority to the Board of Commissioners to determine the Honorarium and/or Other Allowances
for the members of Syariah Supervisory Board for Financial Year of 2023 by taking into consideration the suggestion and
recommendation from the Company’s Nomination and Remuneration Committee. The amount of the Honorarium and/or Other
Allowances for the members of Syariah Supervisory Board will be included in the Annual Report for the Financial Year of 2023.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
2024 Annual Report PT Bank Maybank Indonesia Tbk 437
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and Analysis
Sixth Agenda:
The Changes in the Composition of the members of the Board of Commissioners, Board of Directors and Sharia Realisation
Supervisory Board of the Company.
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
1. Approve the cessation of the term of office of Mr. Edwin Gerungan as Commissioner of the Company and Mr. Hendar as
Independent Commissioner of the Company, as of the closing of this Meeting.
2. Approve the cessation of the term of office of Mr. Effendi, Mr. Steffano Ridwan and Mr. Ricky Antariksa as Director of the
Company, as of the closing of this Meeting.
3. Approve the cessation of the term of office of Mr. Muhammad Anwar Ibrahim as Chairman of Sharia Supervisory Board of
the Company and Mr. Mohammad Bagus Teguh Perwira as Member of Sharia Supervisory Board of the Company, as of the
closing of this Meeting.
4. Approve to reappoint Mr. Edwin Gerungan as Commissioner of the Company and Mr. Hendar as Independent Commissioner
of the Company, for the term of office commencing from the closing of the Meeting until the closing of the Company’s
Annual General Meeting of Shareholders which will be held in 2026.
Regarding the proposed reappointment of Mr. Hendar as Independent Commissioner of the Company, Mr. Hendar has given
a statement to the Company that he will remain independent, in order to fulfill the requirements as referred to in Article
25 of OJK Regulation Number 33 of 2014 regarding the Board of Directors and Board of Commissioners of Issuers or Public
Companies.
5. Approve to reappoint Mr. Effendi, Mr. Steffano Ridwan and Mr. Ricky Antariksa as Director of the Company, for the term
of office commencing from the closing of the Meeting until the closing of the Company’s Annual General Meeting of
Shareholders which will be held in 2026.
6. Approve to reappoint Mr. Muhammad Anwar Ibrahim as Chairman of Sharia Supervisory Board of the Company and
Mr. Mohammad Bagus Teguh Perwira as Member of Sharia Supervisory Board of the Company, for the term of office
commencing from the closing of the Meeting until the closing of the Company’s Annual General Meeting of Shareholders
which will be held in 2024.
7. Determine that since the closing of this Meeting, the composition of the Board of Commissioners, Board of Directors and
Sharia Supervisory Board of the Company is as follows:
The Board of Commissioners:
1. Dato’ Khairussaleh Ramli : President Commissioner
2. Edwin Gerungan : Commissioner
3. Datuk Lim Hong Tat : Commissioner
4. Dato’ Zulkiflee Abbas Abdul Hamid : Commissioner
5. Budhi Dyah Sitawati : Independent Commissioner
6. Achjar Iljas : Independent Commissioner
7. Hendar : Independent Commissioner
8. Putut Eko Bayuseno : Independent Commissioner
The Board of Directors:
1. Taswin Zakaria : President Director
2. Thilagavathy Nadason : Director
3. Irvandi Ferizal : Director
4. Effendi : Director
5. Muhamadian : Director
6. Widya Permana : Director
7. Steffano Ridwan : Director
8. Ricky Antariksa : Director
9. Bambang Andri Irawan : Director
Sharia Supervisory Board:
1. Muhammad Anwar Ibrahim : Chairman
2. Abdul Jabar Majid : Member
3. Mohammad Bagus Teguh Perwira : Member
8. Approve the delegation of authority to the Board of Directors of the Company to restate and/or reaffirm in a Notarial
Deed (including to make an amendment and/or additional) in relation to the change of the member of the Board of
Commissioners, the Board of Directors and Sharia Supervisory Board of the Company and delegate the authority to the
Board of Directors of the Company with the rights of substitution to the Notary to file the registration, obtain the receipt
of the notice or apply the approval from the authorised institution; in brief to perform any other necessary actions in
accordance with the provisions in the Company’s Articles of Association and prevailing laws and regulations.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
438 2024 Annual Report
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Governance Responsibility
Seventh Agenda:
Realisation
The Distribution of Duties and Authorities among the members of the Board of Directors.
Hence, the Resolution was done through voting: Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
• The distribution of duties and authorities among the members of the Board of Directors for the Financial Year of 2023 will be
determined by the Board of Directors through the Board of Directors’ Resolution.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
Eighth Agenda:
Realisation Report regarding the Use of Funds from Public Offering in 2022, namely Public Offering of the Shelf Realisation
Registration Bond IV Bank Maybank Indonesia Phase I Year 2022
Hence, the Resolution was done through voting: Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
• Accept and ratify the Report and responsibility of the Company’s Board of Directors on the Realisation of the Use of the
entire Proceeds from Public Offering of the Shelf Registration Bond IV Bank Maybank Indonesia Phase I Year 2022, as stated
in the Company’s Board of Directors Report to OJK in its Letter Number S.2023.001/MBI/DIR FIN-Corporate Finance &
Capital Management dated 9 January 2023.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
Ninth Agenda:
Approval on the Update of the Company’s Recovery Plan to fulfill Article 31 of Indonesia Financial Services Authority Realisation
Regulation Number 14/POJK.03/2017
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
1. Approve the update of the Company's Recovery Plan, in line with the document regarding the update of the Company’s
Recovery Plan which has been submitted by the Board of Directors of the Company to OJK through its letters dated 31
October 2022 and 16 January 2023, along with any further adjustments needed in line with OJK’s evaluation.
2. Delegate the Authority to the Company’s Board of Commissioners and/or the Board of Directors to perform all necessary
actions in implementing the Recovery Plan in accordance with the prevailing regulations.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
2024 Annual Report PT Bank Maybank Indonesia Tbk 439
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Tenth Agenda:
Approval on the Company’s Resolution Plan to fulfill Article 8 of Indonesia Deposit Insurance Corporation Regulation Realisation
Number 1 Year 2021
Hence, the Resolution was done through voting Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- There were no shareholders and/or their proxies who declared disagree vote;
Therefore, all of the shareholders who attended the Meeting or amounted 60,238,392,499 shares (100%) have approved the
following resolutions:
1. Approve the Company's Resolution Plan, in line with the document regarding Resolution Plan which has been submitted by
the Company to Indonesia Deposit Insurance Corporation through its letters dated 29 November 2022.
2. Delegate the authority to the Company’s Board of Commissioners and/or the Board of Directors to perform all necessary
actions in implementing the Resolution Plan in accordance with the prevailing regulations.
Vote Calculation
In favor Against Abstain
60.238.392.499 shares Nil Nil
(100%)
Eleventh Agenda:
Realisation
Amendments on the Company’s Articles of Association (”AoA”).
Hence, the Resolution was done through voting: Has been realised in
- There were no shareholders and/or their proxies who asked questions/opinions; 2023
- There were no shareholders and/or their proxies who declared blank vote;
- Shareholders and/or their proxies who declared disagree vote, amounted 43,392,375 shares or 0.072% of the total shares
who attended the Meeting;
The shareholders who agreed amounted to 60,195,000,124 shares or 99.928% of the total shares who attended the Meeting.
Therefore, Meeting with majority vote, amounted 60,195,000,124 shares (99.928%) has approved the following resolution:
1. Approve the amendments on several articles in the Company’s Articles of Association, as follows:
- Article 10 regarding General Meeting of Shareholders
- Article 11 regarding Venue, Announcement, Summons and Minutes of Meeting of GMS
- Article 14 regarding Merger, Consolidation, Acquisition, Spin-Off and Dissolution
- Article 16 regarding Duties and Authorities of the Board of Directors
- Article 23 regarding Business Plan, Fiscal Year and Annual Report
- Article 24 regarding Profit Utilisation and Dividend Distribution
- Article 25 regarding Reserve Utilisation
2. Approve the delegation of the power and authority to the Board of Directors of the Company to restate and/or reaffirm in a
Notarial Deed (including to make an amendment and/or additional) in relation to the amendment of the Company’s Articles
of Association and delegate the authority to the Board of Directors of the Company with the rights of substitution to the
Notary to file the registration, obtain the receipt of the notice or apply for approval from the authorised institution; In brief
to perform any other necessary actions in accordance with the provisions in the Company’s Articles of Association and
prevailing laws and regulations.
Vote Calculation
In favor Against Abstain
60.195.000.124 shares 43.392.375 shares Nil
(99,928%) (0,072%)
Statement about Unrealised GMS Resolutions
Maybank Indonesia has implemented all Resolutions of the 2024 Annual GMS and Extraordinary GMS as well as the 2023 Annual GMS
Resolutions, meaning that there is no information about reasons for unrealised decisions.
440 2024 Annual Report
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Board of Commissioners
The Board of Commissioners is the Bank’s Governance organ that Banks;
has the duty and responsibility to conduct general and/or specific 8. OJK Regulation No. 18/POJK.03/2016 concerning the
supervision in accordance with the Articles of Association Implementation of Risk Management for Commercial Banks;
and to provide advice to the Board of Directors regarding the 9. OJK Circular Resolution No.13/SEOJK.03/2017 concerning the
implementation of the duties and responsibilities of the Board Implementation of Governance for Commercial Banks;
of Directors. The Board of Commissioners also plays an active 10. OJK Regulation No. 46/POJK.03/2017 concerning
role in monitoring the effectiveness of the implementation of Implementation of Compliance Function of Commercial
Corporate Governance in every business activity of the Bank at Banks;
all levels of the Bank’s organisation. 11. OJK Regulation No. 12 /POJK.03/2021 concerning
Commercial Banks;
In accordance with the provisions of the OJK Regulation on 12. OJK Regulation No. 17 Year 2023 concerning the
Governance for Commercial Banks, in order to carry out its Implementation of Governance for Commercial Banks;
duties and responsibilities, the Board of Commissioners is 13. Articles of Association of Maybank Indonesia; and
required to form committees that support their supervisory 14. Other relevant provisions.
function. These committees include the Audit Committee,
Risk Oversight Committee, Nomination and Remuneration GUIDELINES AND WORK RULES OF THE
Committee and Integrated Good Corporate Governance. As a BOARD OF COMMISSIONERS
strategic initiative, Maybank Indonesia also formed committees, In carrying out its duties and responsibilities, the Board of
that are the Whistleblowing Governance Committee, and the Commissioners has the Board of Commissioners Guidelines as
Information and Technology Monitoring Committee. a reference and guideline in carrying out its duties as the Board
of Commissioners. The Board of Commissioners Guidelines
Members of the Board of Commissioners are appointed through are periodically evaluated and updated with reference to
the GMS by taking into account the recommendations of the the applicable regulations and provisions in the Republic of
Nomination and Remuneration Committee. All members of Indonesia. These guidelines are binding on every member of
the Maybank Indonesia Board of Commissioners have passed the Board of Commissioners so that they can carry out their
the OJK Fit and Proper Test, thus all members of the Maybank supervisory functions efficiently, effectively, transparently,
Indonesia Board of Commissioners have met the criteria of independently, and accountably.
having adequate integrity, competence and financial reputation.
Maybank Indonesia’s Board of Commissioners is committed to The Board of Commissioners Guidelines were updated on 28
implementing good and transparent Corporate Governance February 2024.
practices and implementing ethical and moral principles
seriously. The basis for compiling the Board of Commissioners Guidelines
is as follows:
LEGAL BASIS 1. Law No. 40 of 2007 concerning Limited Liability Companies.
The Board of Commissioners is established based on several 2. Financial Services Authority Regulation No. 33/POJK.04/2014
provisions including: concerning the Board of Directors and Board of
1. Law No. 40 of 2007 concerning Limited Liability Companies. Commissioners of Issuers or Public Companies
2. Law No. 7 of 1992 on Banking as amended by Law No. 10 of 3. Financial Services Authority Regulation No. 17 of 2024
1998; concerning the Implementation of Governance for
3. OJK Regulation No. 33/POJK.04/2014 concerning the Board Commercial Banks
of Directors and Board of Commissioners of Issuers or Public 4. The Company's Articles of Association and its amendments.
Companies.
4. OJK Regulation No. 55/POJK.04/2015 regarding the The framework of the Board of Commissioners Guidelines
Establishment and Implementation Guidelines for the Audit regulates various matters, including:
Committee; 1. Governance Structure
5. OJK Regulation No. 45/POJK.03/2015 concerning the 2. Membership Requirements
Implementation of Governance in Providing Remuneration 3. Cooling Off Period
for Commercial Banks; 4. Limitation of Concurrent Positions of Members of the Board
6. OJK Regulation No. 27/POJK.03/2016 concerning Fit of Commissioners
and Proper Test for Main Parties of Financial Services 5. Appointment of Members of the Board of Commissioners
Institutions; 6. Term of Office of Members of the Board of Commissioners
7. OJK Circular Resolution No. 39/SEOJK.03/2016 concerning 7. Resignation of Members of the Board of Commissioners
Fit and Proper Test for Candidate of Controlling 8. End of Term of Office of Members of the Board of
Shareholders, Candidate Members of the Board of Directors, Commissioners
and Candidate Members of the Board of Commissioners of 9. Independence and Conflict of Interest
2024 Annual Report PT Bank Maybank Indonesia Tbk 441
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10. Duties, Responsibilities and Authorities of the Board of Detailed information on these committees is provided in the
Commissioners Board of Commissioners Committees section.
11. President Commissioner
12. Ethical Values of Members of the Board of Commissioners 6. Through the existence of committees, the Board of
13. Decision-Making Process of the Board of Commissioners Commissioners assesses internal and external audit reports,
14. Working relationship pattern of the board of commissioners provides direction and ensures that the Board of Directors
and directors has followed up on audit findings and recommendations from
15. Accountability of the board of commissioners SKAI, external auditors, supervisory results of Bank Indonesia
16. Training programs and/or the Financial Services Authority and other authorities,
17. Evaluation of the Effectiveness of the Board of provides opinions and direction on the human resource
Commissioners' Performance (Board of Commissioners management system and the implementation of risk control
Effectiveness Evaluation) systems in the Bank.
18. Remuneration 7. Each member of the Board of Commissioners is jointly and
19. Reporting and Accountability severally liable for the Bank’s losses caused by the fault or
negligence of the member of the Board of Commissioners in
DUTIES AND RESPONSIBILITIES OF THE carrying out his/her duties, unless it can be proven that:
BOARD OF COMMISSIONERS - Has conducted supervision in good faith and prudence for
The duties and responsibilities of the Board of Commissioners the benefit of the Company and in accordance with the
are regulated in article 19 of the Articles of Association of purposes and objectives of the Company.
Maybank Indonesia. The duties and responsibilities of the Board - Has no direct or indirect personal interest in the
of Commissioners are as follows: management actions of the Board of Directors that result in
1. The Board of Commissioners supervises the management losses.
policy, the course of management in general, both regarding - Has provided advice to the Board of Directors to prevent the
the Company and the Company’s business, and provides loss from arising or continuing.
advice to the Board of Directors. Supervision and provision 8. In carrying out its duties and responsibilities, the Board of
of advice are carried out for the benefit of the Company Commissioners actively ensures the implementation of Good
in accordance with the purposes and objectives of the Corporate Governance principles in every business activity at
Company. all levels of the organisation.
2. Members of the Board of Commissioners shall carry out 9. In carrying out the supervisory function, the Board of
their duties and responsibilities in good faith, with full Commissioners has the duty and responsibility to direct,
responsibility and prudence. monitor and evaluate the implementation of the Bank’s
3. Supervision by the Board of Commissioners is carried out, overall business strategic policy in order to comply with the
among others, through periodic meetings of the Board laws and regulations, articles of association and the results of
of Commissioners with the Board of Directors or through the GMS decisions and avoid any form of conflict of interest.
reports submitted specifically by SKAI, Audit Committee, 10. The Board of Commissioners provides opinions and direction
Risk Oversight Committee, Nomination and Remuneration to the Board of Directors regarding the determination of the
Committee, Compliance Director or through other written Bank’s vision, mission, work culture and values.
means of communication. 11. The Board of Commissioners shall not be involved in
4. In certain conditions, the Board of Commissioners shall decision-making related to the Bank’s operational activities,
organise the Annual GMS and Other GMS in accordance with except in the case of the provision of funds to related
its authority as stipulated in the laws and regulations and the parties, or other matters stipulated in the Bank’s Articles of
Bank’s Articles of Association. Association and/or applicable laws and regulations in order
5. In order to support the effectiveness of the implementation to carry out the supervisory function.
of its duties and responsibilities, the Board of Commissioners 12. The BOC is responsible for ensuring that senior management
establishes Board of Commissioners level committees, maintains and updates its internal control system to ensure
and ensures that these committees have carried out their effectiveness and efficiency in terms of operational control,
duties effectively and evaluates the performance of these internal finance and compliance with laws and regulations.
committees at the end of each fiscal year through the Board 13. The Board of Commissioners shall notify the Regulator
of Commissioners (BOC) and BOC Committees Effective no later than 5 (five) working days from the discovery
Evaluation (BEE) framework. of violations of laws and regulations in the financial and
banking sectors and if there are circumstances or predictions
The Board of Commissioners level committees are as follows: of circumstances that may jeopardise the Bank’s business
- Audit Committee continuity.
- Risk Oversight Committee 14. The Board of Commissioners provides sufficient time to carry
- Nomination and Remuneration Committee out its duties and responsibilities optimally and participate in
- Integrated Good Corporate Governance competency and expertise improvement programs.
- Whistleblowing Governance Committee 15. The Board of Commissioners submits a report on the
- Information and Technology Monitoring Committee supervisory duties performed during the previous fiscal year
442 2024 Annual Report
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in the annual report submitted by the Board of Directors to INDEPENDENCE OF THE BOARD OF
the GMS. COMMISSIONERS
16. The Board of Commissioners approves the AML and CFT The Board of Commissioners upholds the principle of
Program policy. independence in carrying out its duties and responsibilities,
17. Oversee the implementation of the Board of Directors’ and always prioritises the interests of the Bank above its own
responsibility for the implementation of the AML and CFT interests. The Board of Commissioners also maintains that in
Program, including commitments made by the bank to the carrying out its duties it cannot be influenced by any party.
Regulator.
The independence of the Board of Commissioners as stated in
DUTIES AND RESPONSIBILITIES OF THE the Board of Commissioners Charter is as follows:
PRESIDENT COMMISSIONER 1. In carrying out its duties, responsibilities, and authorities,
the Bank’s Board of Commissioners is required to implement
The President Commissioner has duties and responsibilities Good Governance at the Bank, which includes the principle
including: of independence. Independence is a state managed
1. The President Commissioner carries out the supervisory independently and professionally and free from conflicts of
function as carried out by other members of the Board of interest and influence or pressure from any parties.
Commissioners; 2. Candidates for the Board of Commissioners of Commercial
2. The President Commissioner together with all members Banks are required to comply with regulations regarding the
of the Board of Commissioners is responsible for setting prohibition of concurrent directorship.
the policy framework and ensuring that the Board of 3. In the event that candidates for the Board of Commissioners
Commissioners supports the strategy formulated by the of Commercial Banks still holds a concurrent directorship,
Company and monitors its implementation; they must pay attention to:
3. The President Commissioner ensures the rules and a) the criteria for concurrent directorship as permitted in
regulations and encourages healthy debate on issues the OJK Regulation on Corporate Governance.
under discussion so as to reflect the level of skepticism and b) potential conflicts of interest in carrying out the
independence of the Board of Commissioners; management and supervision of the Bank, and are
4. The President Commissioner also ensures that where prohibited from holding concurrent directorship that
necessary resolutions of the BOC are decided by vote to have the potential to cause conflicts of interest.
ensure that decisions are made collectively and reflect the c) availability of time/does not result in neglecting the
will of the majority; implementation of duties and responsibilities as the
5. The President Commissioner leads the evaluation of the Board of Commissioners of Commercial Banks.
suitability and effectiveness of the succession planning 4. Candidate of the Board of Commissioners of the Bank who
program for the Board of Commissioners and Board of will occupy positions/fields of duty that require aspects of
Directors; independence are required to maintain their independence
6. The President Commissioner also encourages a healthy aspects as regulated in the OJK Regulation on Corporate
working relationship with the President Director and Governance.
provides necessary support and advice as appropriate; 5. Candidate of the members of the Board of Commissioners
7. The President Commissioner demonstrates the highest who hold concurrent directorship (which are not included in
standards of corporate governance practices and ensures the category of prohibited dual positions), are required to
that these practices are regularly communicated to make a statement to:
stakeholders; a) maintain integrity;
8. The President Commissioner chairs the Company’s General b) avoid any forms of conflict of interest; and
Meeting of Shareholders; c) avoid actions that may harm the Bank and/or cause
9. The President Commissioner may summon/convene a violation of the Bank’s prudential principles, while
the Board of Commissioners Meeting or the Board of serving as a member of the Board of Commissioners.
Commissioners Meeting with the Board of Directors at any 6. Conflict of interest/potential conflict of interest of the
time when deemed necessary by the President Commissioner candidate for the Board of Commissioners in relation to the
and has the right to determine other timeframes related relevant considerations at the Bank, is disclosed in the Fit
to the method of summoning the Board of Commissioners and Proper Test process
Meeting and the Board of Commissioners Meeting with the
Board of Directors; CONFLICT OF INTEREST POLICY FOR THE
10. The President Commissioner leads the Board of BOARD OF COMMISSIONERS
Commissioners Meeting or joint Board of Commissioners Throughout 2024, the Bank ensures that all members of the
Meeting with the Board of Directors. Board of Commissioners have no conflict of interest or potential
conflict of interest with Maybank Indonesia. All members of
the Board of Commissioners must avoid potential conflicts of
interest or always position themselves to not be in a potential
conflict of interest in any situation as stated in the in the
Company’s article of association.
2024 Annual Report PT Bank Maybank Indonesia Tbk 443
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In the event of a conflict of interest, members of the Board of 5. In the event that the Board of Commissioners is of the
Commissioners are prohibited from taking actions that may opinion that an independent opinion of a significant
harm or reduce the Bank’s profits and must disclose the potential problem occurring in the Bank is necessary, then the Board
conflict of interest in every decision. of Commissioners have the right to request the Board of
Directors to make the appointment of an independent party
Any decision regarding a transaction that has a conflict of on such terms and conditions as may be determined by the
interest to the Board of Commissioners, must be taken at an Board of Commissioners.
Extraordinary General Meeting of Shareholders specifically 6. The Board of Commissioners pursuant to a decision taken
convened for that purpose, which is attended by independent at the Meeting of the Board of Commissioners shall at any
shareholders or shareholders who do not have a conflict of time be entitled to decide on the temporary dismissal of
interest in the transaction in accordance with the prevailing laws one or more members of the Directors, if such members of
in the field of capital markets and the regulations of the Stock the Directors act contrary to the Articles of Association and
Exchange where the Company’s shares are listed. or applicable regulations or prejudicial to the intent and
purpose of the Company or neglect of obligations. In this
In the event that the member of the Board of Commissioners case the Board of Commissioners may seek the assistance of
appointed by the Board of Commissioners to chair the Meeting the Audit Committee or other third party to provide advice
has a conflict of interest over the matter to be decided at the and feedback to the Board of Commissioners.
General Meeting of Shareholders, the General Meeting of 7. Such temporary dismissal along with the reasons therefor,
Shareholders shall be chaired by another member of the Board shall be notified in writing to the member of the Board of
of Commissioners who does not have a conflict of interest Directors concerned.
appointed by the Board of Commissioners. 8. Within a period of 90 (ninety) calendar days following
such temporary suspension, the Board of Commissioners is
If all members of the Board of Commissioners have a conflict of required to convene an Extraordinary General Meeting which
interest, the General Meeting of Shareholders shall be chaired shall decide whether the relevant member of the Board of
by a member of the Board of Directors appointed by the Board of Directors to be subsequently suspended or reinstated to
Directors. his or her original position. In such Extraordinary AGM, the
temporarily suspended member of the Board of Directors
LENDING POLICY FOR THE BOARD OF shall be given an opportunity to appear in his or her defence.
COMMISSIONERS 9. If deemed necessary, the Board of Commissioners shall be
Pursuant to the prevailing policies, rules and regulations, the entitled to request the assistance of expert personnel to
Board of Commissioners and their families and other parties discharge of its duties for a limited period of time at the
affiliated with them are not permitted to take loans from the expense of the Bank.
Bank. Should there is any, it must be carried out with fairness and 10. The Board of Commissioners has the authority to approve
conducted at arm’s length in accordance with market prices. the Bank's Business Plan submitted by the Board of Directors
Loans by the Board of Commissioners will be calculated in line and is required to supervise and evaluate the implementation
with Maybank Indonesia’s Legal Lending Limit in accordance with of the Bank's Business Plan.
applicable provisions. 11. The Board of Commissioners receives and exercises the authority
delegated and/or given to the Board of Commissioners in
AUTHORITY OF THE BOARD OF accordance with the provisions of laws and regulations, the
COMMISSIONERS Articles of Association, and/or decisions of the GMS.
The Board of Commissioners has the following authorities:
1. The members of the Board of Commissioners, both jointly INDEPENDENT COMMISSIONER
and individually at any time during office hours of the Independent Commissioners are members of the Board of
Corporation have the right to enter the buildings, offices Commissioners who have no financial, management, share
and yards used by the Corporation and shall have the right ownership, and/or family relationships with members of
to inspect the records and documents and property of the the Board of Directors, other members of the Board of
Corporation to perform their obligations. Commissioners, and/or controlling shareholders including the
2. The Board of Commissioners shall be authorised to request ultimate controlling shareholder, nor relationships with the Bank
explanations from the Board of Directors on all matters that may affect their ability to act independently in accordance
concerning the Bank when necessary. with the governance principles.. Independent Commissioners
3. The Board of Commissioners shall be authorised to access are responsible for supervising and representing the interests of
and request such documents, data and information of the minority shareholders.
Bank as it deems necessary.
4. The Board of Commissioners shall be authorised to give The Bank’s Independent Commissioner has fulfilled the
approval to the Directors in doing certain legal acts as requirements in accordance with OJK Circular Letter No. 13/
provided in the Articles of Association and applicable rules SEOJK.03/2017 concerning the Implementation of Governance
and regulation. for Commercial Banks and OJK Regulation No. 17 of 2023
concerning the Implementation of Governance for Commercial
Banks.
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Criteria and Number of Independent Commissioners
The criteria and number of Independent Commissioners of Maybank Indonesia are in accordance with the following provisions:
1. OJK Regulation No. 33/POJK.04/2014 concerning Directors and Board of Commissioners of Issuers or Public Companies;
2. OJK Regulation No. 13/SEOJK.03/2017 concerning the Implementation of Governance for Commercial Banks.
3. OJK Regulation No. 12 /POJK.03/2021 concerning Commercial Banks.
4. OJK Regulation No. 17 Year 2023 concerning the Implementation of Governance for Commercial Banks; and
Maybank Indonesia’s Independent Commissioner have complied with the requirements as stipulated in OJK Regulations No. 33/
POJK.04/2014, Article 21 paragraph 2, as detailed below:
Marina R. Putut Eko Daniel James
Independent Commissioner Criteria Achjar Iljas Hendar
Tusin Bayuseno Rompas*
a. Not a person who works or has the authority and
responsibility to plan, lead, control or supervise the
activities of the Issuer or Public Company within the last
√ √ √ √ √
6 (six) months, except for reappointment as Independent
Commissioner of the Issuer or Public Company in the
subsequent period;
b. Have no affiliation with the Issuer or Public Company,
members of the Board of Commissioners, members of
√ √ √ √ √
the Board of Directors, or major shareholders of the
Issuer or Public Company; and
c. Has no direct or indirect business relationship related to
√ √ √ √ √
the business activities of the Issuer or Public Company.
*) Appointed at the Company’s Extraordinary General Meeting of Shareholders on 27 September 2024. Effective in office based on the results of the Financial
Services Authority’s Fit and Proper Test on 3 January 2025.
Independent Commissioner Criteria Number of Independent Commissioners
The criteria for Maybank Indonesia’s Independent Commissioner As of 31 December 2024, Maybank Indonesia’s Board of
are regulated in the Board of Commissioners Manual Charter and Commissioners consists of 9 (nine) members, with 5 (five)
Company Regulations - Corporate Governance Guidelines. The of them are Independent Commissioners, or more than 50%
criteria are based on applicable regulations, including: (fifty percent) of the total number of members of the Board
a. Have adequate knowledge in banking that is relevant to the of Commissioners. Therefore, the composition of Maybank
position as an Independent Commissioner; Indonesia’s Board of Commissioners has fulfilled the provisions of
b. Have experience in banking and/or finance. OJK Regulations No. 17 Year 2023 concerning the Implementation
c. Have knowledge and/or expertise in the fields required by of Governance for Commercial Banks and OJK SE No. 13/
the Issuer or Public Company. SEOJK.03/2017 pertaining the Implementation of Governance
d. Must not be someone who works or has the authority for Commercial Banks which stipulates that at least 50% (fifty
and responsibility to plan, lead, control, or oversee the percent) of the total members of the Board of Commissioners are
Bank’s activities within the last 1 (one) year, except for Independent Commissioners.
reappointment as an Independent Commissioner of the Bank
for the subsequent period; Statement of Independence of Each Independent Commissioner
e. Must not hold any shares either directly or indirectly in the All members of the Independent Commissioners of Maybank
Bank; Indonesia have signed Independent Statement Letters and have
f. Must not have an affiliated relationship with the Bank, been submitted to OJK. In each of the statement letters, the
members of the Board of Commissioners, members of the Independent Commissioners stated that:
Board of Directors or major shareholders of the Bank; 1. Do not have financial, management, share ownership, and/
g. Do not have a direct or indirect relationship related to the or family relationship to the second degree with members
Bank’s activities. of the Board of Commissioners, Board of Directors, and/or
h. In the event that an Independent Commissioner serves controlling shareholders or relationship with the Bank that
on the Audit Committee, the Independent Commissioner may affect the ability to act independently as referred to in
concerned may only be reappointed for 1 (one) subsequent the provisions regarding the implementation of Governance
term of office of the Audit Committee. for Commercial Banks;
i. An Independent Commissioner who serves as the Chairman 2. Do not hold any shares, either directly or indirectly in the
of the Committee may only hold concurrent positions as the Company;
Chairman of the Committee on a maximum of 1 (one) another 3. Do not have an Affiliated relationship with the Company,
Committee. members of the Board of Commissioners, members of the
j. Fulfill other requirements of an Independent Commissioner Board of Directors or major shareholders of the Company;
as per applicable regulations. 4. Do not have a business, either directly or indirectly, related
to the Company’s business activities.
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An Independent Commissioners who has served for 2 (two) terms 5. OJK Circular Letter No. 39/SEOJK.03/2016 concerning
of office may be reappointed for the following term, provided Capability and Appropriateness Assessment for candidates
that the Independent Commissioner declares his/her continued for Controlling Shareholders, Candidates for members of the
independence to the GMS. Board of Directors, and Candidates for Members of the Board
of Commissioners of Banks.
There are 2 (two) Independent Commissioners who have been 6. OJK Regulation No. 34/POJK.03/2018 concerning
reappointed after serving 2 consecutive terms, namely Achjar Reassessment for the Main Party of Financial Services
Iljas (last reappointed at the 2022 AGMS) dan (last reappointed Institutions;
at the 2023 AGMS). Prior to the re-appointment, Maybank 7. OJK Regulation No. 14/POJK.03/2021 concerning
Indonesia has fulfilled the following matters: amendments to OJK Regulation No. 34/POJK.03/2018 on
1. That the Board of Commissioners’ meeting has assessed Reassessment for the Main Party of Financial Services
that the Independent Commissioner is still able to act Institutions.
independently; and
2. That the Independent Commissioner has declared his/her The criteria that must be met by prospective members of the
independence in the GMS Board of Commissioners of Maybank Indonesia, among others,
are as follows:
The statement of independence of the Independent 1. Fulfil the relevant skills and core competency requirements
Commissioner as mentioned above has been disclosed in the and deemed capable and appropriate to be appointed as a
Bank’s Corporate Governance implementation report. member of the Board of Commissioners in accordance with
the Financial Services Authority Regulation regarding Fit and
In accordance with OJK Regulation No. 17 of 2023 concerning Proper Test;
the Implementation of Governance which has been in effect 2. Meet the integrity requirements in accordance with the
since 14 September 2023, for Independent Commissioners who applicable requirements, among others:
have served for 2 (two) consecutive terms of office and will be a. Have a good character and morals.
reappointed in the next period as Independent Commissioners, b. Have a strong commitment to comply with applicable
the Bank needs to consider the following: laws and regulations including the Bank’s rules and
1. Results of the Independent Commissioner’s performance regulations and support the policies of the Financial
assessment; Services Authority.
2. Results of the Board of Commissioners’ meeting assessment c. Have a commitment to the development of healthy Bank
stating that the Independent Commissioner is still able to act operations.
independently; d. Not included in the Failure List of Fit and Proper
3. Results of the assessment by the head of the Internal Assessment.
Audit work unit and the Executive Officer in charge of the e. Capable of performing legal acts.
Human Resources function stating that the Independent 3. Fulfil the relevant skills and core competency requirements
Commissioner can still act independently; and and deemed capable and appropriate to be appointed as a
4. The Statement of the Independent Commissioner in the member of the Board of Commissioners in accordance with
general meeting shareholders regarding the independence of the Financial Services Authority Regulation regarding Fit and
the related Independent Commissioner. Proper Test.
4. Fulfil competency Requirements in accordance with the
The statement of independence of the Independent requirements stipulated in the applicable regulations,
Commissioner must be disclosed in the Company’s annual report. including:
a. adequate Banking knowledge and relevant knowledge to
BOARD OF COMMISSIONERS his/her position
APPOINTMENT CRITERIA b. Experience and expertise in banking and/or finance.
The appointment of Maybank Indonesia Board of Commissioners c. Knowledge of the duties and responsibilities of the Main
members is based on the relevant provisions, among others: Entity and have the understanding of the main business
1. OJK Regulation No. 33/POJK.04/2014 concerning Board of activities and main risks of the FSIs within the Bank
Directors and Board of Commissioners of Issuers and Public Financial Conglomeration.
Companies; d. Knowledge of the Indonesian economy, culture and
2. OJK Regulation No. 17 Year 2023 on the Implementation of language, for Commissioner candidates who are
Corporate Governance for Commercial Banks; foreigners.
3. OJK Circular Letter No. 13/SEOJK.03/2017 on the 5. Having a good financial reputation, namely at least in the 5
Implementation of Governance for Commercial Banks (five) years prior to appointment and during office:
4. OJK Regulation No. 27/POJK.03/2016 concerning Capability
and Appropriateness Assessment for Main Parties of
Financial Services Institutions;
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a. Does not have bad credit and/or is not a Controlling Shareholder, member of the Board of Directors or member of the Board of
Commissioners of a legal entity that has bad credit;
b. Has never been declared bankrupt or become a member of the Board of Directors or a Company that was found guilty of causing
a company to be declared bankrupt;
c. Never been convicted of a criminal offense that is detrimental to state finances and/or related to the financial sector.
d. Never been a member of the Board of Directors and/or a member of the Board of Commissioners during his/her tenure:
i. Has not held an Annual General Meeting of Shareholders;
ii. Has caused a company that obtained a license, approval or registration from the Financial Services Authority to not fulfil the
obligation to submit annual reports and/or financial reports to the Financial Services Authority;
iii. His/her accountability as a member of the Board of Directors and/or a member of the Board of Commissioners has not been
accepted by the General Meeting of Shareholders or has not provided accountability as a member of the Board of Directors
and/or a member of the Board of Commissioners to the General Meeting of Shareholders.
Term of Office of the Board of Commissioners
Approval Date
Board of Commissioners Term of Office
No Position Effective Date of Reappointed
Maybank Indonesia GMS Approval until the AGMS
Appointment
1 Dato’ Khairussaleh Ramli President Commissioner 25 March 2022 4 October 2022 - 2025
2 Marina R Tusin Independent 1 April 2024 19 July 2024 -
2027
Commissioner
3 Achjar Iljas Independent 22 April 2013 20 February 2014 24 April 2015
Commissioner
22 April 2016
2025
29 March 2019
25 March 2022
4 Hendar Independent 16 October 2017 22 January 2018 30 March 2020 2026
Commissioner
31 March 2023
5 Putut Eko Bayuseno Independent 26 March 2021 7 September 2021 - 2027
Commissioner
1 April 2024
6 Daniel James Rompas Independent 27 September 2024 *) Awaiting OJK Fit 2027
Commissioner And Proper Test
Decision.
7 Edwin Gerungan Commissioner 31 March 2017 2 March 2018 30 March 2020 2026
31 March 2023
8 Datuk Lim Hong Tat Commissioner 18 October 2018 5 August 2019 26 March 2021 2027
1 April 2024
9 Dato’ Zulkiflee Abbas Abdul Commissioner 25 March 2022 6 July 2022 - 2025
Hamid
*) Appointed at the Company’s Extraordinary General Meeting of Shareholders on 27 September 2024. Effective in office based on the results of the Financial
Services Authority’s Fit and Proper Test on 3 January 2025.
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DISCLOSURE OF CONCURRENT POSITIONS
Information on concurrent positions of members of the Board of Commissioners is as follows:
Company/Listed Company/
Name of Commissioner Position at the Bank Position
Agency Organisation
Dato’ Khairussaleh Ramli President Commissioner President & Group Chief Executive Malayan Banking Berhad (MBB)
Officer
Non-Executive Director Payments Network Malaysia Sdn Bhd
(Paynet)
Non-Independent Non-Executive Maybank Singapore Limited
Director
Marina R Tusin Independent Commissioner - -
Achjar Iljas Independent Commissioner Advisory IAEI
Advisory ASBISINDO
Faculty Member Institut Bank Indonesia
Lecturer of Graduate Studies in Sekolah Tinggi Ekonomi Ahmad
Islamic Finance Dahlan, Jakarta (Institut Teknologi
dan Bisnis Ahmad Dahlan – ITB AD)
Lecturer of Postgraduate Studies STIE Indonesia Banking School (IBS)
Jakarta
Hendar Independent Commissioner Non-permanent Lecturer STIE Indonesia Banking School (IBS)
Jakarta
Advisor PT Visa Worldwide Indonesia
Putut Eko Bayuseno Independent Commissioner Commissioner PT Agincourt Resource
Daniel James Rompas Independent Commissioner Member of the Board of Trustee Dana Pensiun Gereja Kristen
Indonesia (“GKI”)
Treasurer Lembaga Perguruan Tinggi Teologi
Indonesia
Edwin Gerungan Commissioner Independent Non-Executive Director Malayan Banking Berhad
President Commissioner PT Melchor Tiara Pratama (Melchor
Group)
Datuk Lim Hong Tat Commissioner Senior Advisor Areca Capital Sdn Bhd
Independent Non-Executive Director Malaysia Smelting Corporation
Berhad (MSC)
Independent Not-Executive Director Maybank (Cambodia) Plc
Dato’ Zulkiflee Abbas Abdul Commissioner Independent Non Executive Director Malayan Banking Berhad
Hamid
Independent Non Executive Director/ Maybank Islamic Berhad
Chairman
ANNUAL PERFORMANCE ASSESSMENT OF THE BOARD OF COMMISSIONERS
(INCLUDING THE PRESIDENT COMMISSIONER)
Policy and Procedure for Annual Performance Assessment of the Board of Commissioners
Assessment of the Board of Commissioners’ performance is conducted annually, and is carried out through the framework of the Board
of Commissioners (“BOC”) and the BOC Committees Effectiveness Evaluation (“BEE”). The assessment is performed by themselves
by means of self-assessment, and by colleagues through peer’s assessment. In addition to being conducted by members of the Board
of Commissioners, the assessment of the performance of the Board of Commissioners Committee is also conducted by the Board of
Directors using the 360⁰ Management (Board of Directors) Evaluation BEE framework.
The evaluation is administered by the Corporate Secretary and the final results are submitted to the Board of Commissioners in the form
of a BEE Report.
The assessment process includes an evaluation in terms of competence and expertise/experience, the performance of the Board
of Commissioners committees, the effectiveness of the implementation of the Board of Commissioners’ responsibilities and self-
assessment and peer assessment of the implementation of the supervisory function by each member of the Board of Commissioners.
Furthermore, the results of the assessment will be submitted to the Board of Commissioners.
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The implementation of the Board of Commissioners' Effectiveness Evaluation is carried out internally every year and on every third year
is to be carried out independently with the support of external consultants or experts. The 2024 Assessment was carried out internally
as last year the BEE implementation was carried out by an external consultant, namely Ernst & Young Consulting Sdn. Bhd. (“EY”).
Board of Commissioners Performance Evaluation Criteria
The criteria for evaluating the performance of the Board of Commissioners are designed to evaluate the Board of Commissioners’
performance both collegially and individually. The performance standards for the Board of Commissioners are separated into 3 (three)
parts, each of which covers the following topics:
Part A Part B Part C
A1. A. Assessment BoC Effectiveness in leading Commissioners’ Self and Peer Evaluation A. Assessment of Board Effectiveness in leading
M25+ for year 2024. A. Competency, Skills and Expertise the M25+ Plan
A1. B. Maybank Indonesia Strategy in 2027 B. Contribution To Boc B. BoC Oversight
A2. BOC Effectiveness C. Commissioners General Duties C. BOC effectiveness in discharging roles and
1. Overall BOC effectiveness D. Independent Commissioners Assessment responsibilities
2. BOC Responsibilities E. General Comments D. ESG
3. BOC Composition E. Effectiveness in BOC Communication with
4. BOC Remuneration Board of Directors
5. BOC Committees: F. Mode of Engagement
6. BOC Conduct G. BOC Composition
7. BOC Interaction & Communication H. Effectiveness of BOC Committees
8. BOC Chair (President Commissioner) I. BOC Administration and Process
9. BOC Administration and process J. Overall BOC Effectiveness.
10. BOC Learning and Development programme
1. Part A: BOC and BOC Committee Effectiveness Evaluation to Rating Definition
evaluate the overall performance of the BOC. Overall results for each key area are based on the average of
2. Part B: Commissioners’ Self and Peer Evaluation to evaluate individual Commissioners scores and have been categorised as:
individual BOC member’s contribution to the BOC and
aspects on personal qualities and attributes. Overall
3. Part C : 360⁰ Management (Board of Directors) Evaluation Average Ratings Description
BEE In order to get a broader view of the BEE result, the Ratings
Board of Directors will also evaluate the performance of the
1 1,0 – 1,9 Below Expectations Weak demonstration of
Board of Commissioners in 2024. attributes, area evaluated
requires immediate address
The Process and the Party Conducting the Assessment 2 2,0 – 2,9 Needs Attributes inconsistently
The process and the party conducting the assessment of the Improvement demonstrated and requires
further improvements to be
performance of the Board of Commissioners are as follows:
made more effective
1. Assessment is conducted individually (self-assessment) and
3 3,0 – 3,5 Satisfactory Appropriate demonstration
by peers (self and peers assessment). of attributes, area evaluated
2. Assessment of the Board of Commissioners is also conducted meets requirements
by the Board of Directors. 4 3,6 – 4,0 Strong Exemplary and market-
3. Each Commissioner and member of the Board of Directors leading demonstration of
fills out an assessment questionnaire through an electronic attributes
survey application sent directly by Corporate Secretary
working unit. Recommendations on Assessment Results
4. The results of the evaluation of the Board of Commissioners The assessment results will be used as a reference in determining
performance assessment are presented by the Company’s the improvement steps that need to be taken by the Board of
Corporate Secretary to Board of Commissioners. If necessary, Commissioners.
the President Commissioner may provide input and
improvements on the results of the Board of Commissioners
performance assessment both collegially and individually.
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Results of the Board of Commissioners Performance 4. The President Commissioner acts as an effective
Assessment in 2024. spokesperson for the BOC.
The results of the 2024 Board of Commissioners Performance 5. The President Commissioner sets the tone from the top in
Appraisal are still positive, with the overall assessment result advocating continuous improvement amongst individual
being Satisfactory. In 2024, the Board of Commissioners BOC members as well as across the BOC as a whole.
continues to carry out its supervisory function well in ensuring
that the Bank’s performance achievements can meet the Board of Commissioners also considers that the Board of
expectations of shareholders and all stakeholders. Commissioners should enhance their knowledge in the areas of
Artificial Intelligence, Cyber security in Compliance with OJK
From the overall results of the BEE assessment, there are regulations, digital banking and Enterprise Risk Management,
several aspects that are considered Strong by the Board of Information Technology, Information Technology Risk, Cyber risk,
Commissioners of Maybank Indonesia, including: and sustainable finance.
1. Competent and professional, supported by diverse
background, knowledge, experience and network. ANNUAL PERFORMANCE ASSESSMENT
2. Solid relationship among Board of Commissioners members, OF COMMITTEE OF THE BOARD OF
collaborative, open to discussion and debate. COMMISSIONERS
3. Demonstrates a high level of professionalism and impeccable
integrity in his/ her conduct at all times. Assessment Procedure
4. Demonstrates that he/she assumes his/her fiduciary role Assessment of the performance of committees under the
responsibly and in utmost good faith. Board of Commissioners is conducted annually using the
5. Proactively discloses real and apparent conflict of interest self-assessment method and peer assessment. Performance
situations and abstains from voting when necessary. assessment for committees is conducted by each committee
member who is a member of the Board of Commissioners.
The Board of Commissioners also assessed the independence Assessment of the performance of the Board of Commissioners
of Independent Commissioners as Strong with the following committees is conducted through the Board of Commissioners
assessment aspects: (BOC) and BOC Committees Effectiveness Evaluation (“BEE”)
1. Consistently demonstrates the values and principles framework conducted by each Commissioner using a survey
associated with independence during BOC discussions (i.e. application. In addition to being conducted by members of the
impartiality, objectivity, and consideration of all stakeholders’ Board of Commissioners, an assessment of the performance
interest). of the Board of Commissioners Committees is also conducted
2. Voices his/her independent opinion without fear or favor. by the Board of Directors using the 360⁰ Management (Board
3. The reward to this Independent Commissioner does not of Directors) Evaluation BEE framework. The evaluation is
appear to impact discharge of his/her responsibilities as an conducted by the Corporate Secretary and the final results are
Independent Commissioner. submitted to the Board of Commissioners in the form of a BEE
Report.
President Commissioner Effectiveness Evaluation.
The Board of Commissioners assesses the effectiveness of the Assessment Criteria
President Commissioner's performance as Strong, with the The performance assessment criteria of the committees under
following assessment aspects: the Board of Commissioners are as follows:
1. The President Commissioner effectively leads the BOC • Collective Assessment
in decision-making process by facilitating a consultative This assessment is an assessment conducted by each
environment and encouraging active participation and member of the Board of Commissioners on the overall
contribution from all BOC members. performance of the committee. This assessment generally
2. The President Commissioner acts as a liaison between covers the structure and composition of the committee,
the BOC and and BOD establishes an effective working strategic thinking, oversight and governance, as well as the
relationship with the PGCEO/CEO and Senior Management, effectiveness of the committee in discussing issues/problems
providing support and advice while respecting executive of the Company and in providing recommendations to the
responsibility. Company.
3. The President Commissioner proactively sets the tone • Individual Assessment
from the top in shaping the BOC culture and upholding the This assessment is an assessment conducted by each
corporate values of the Group. member of the Board of Commissioners on the performance
of the committee of which he/she is a member.
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Assessment Results b. Gave responses and/or advice to the Board of Directors
The Bank has established committees that support the on audit findings as a result of the internal audit activities
implementation of the duties and supervisory functions of the performed by the internal auditor and oversaw follow-up
Bank’s Board of Commissioners, namely the Audit Committee, actions taken by the Board to resolve those findings.
Risk Oversight Committee, Nomination and Remuneration c. Approved the SKAI Annual Audit Plan (AAP) for 2024.
Committee, Integrated Good Corporate Governance, d. Gave responses and or advice to the Board of Directors on
Whistleblowing Governance Committee and Information and the follow-up actions and execution of results of the audit
Technology Oversight Committee. performed by regulators and the Maybank group.
The basis for assessing the implementation of the duties e. Approved the appointment of a Public Accounting Firm
of the Board of Commissioners Committee is to measure (KAP) that was registered with OJK and an official affiliate of
the effectiveness of the Committee in supporting the one of the world’s major Public Accounting Firms to audit the
implementation of the duties and responsibilities of the Bank’s Bank’s consolidated financial statements for the fiscal year
Board of Commissioners using the following parameters: 2024 and the determination of an audit fee for the KAP and
1. Are the BoC Committees effective in assisting the BoC to other requirements in connection with the appointment of
discharge its roles and responsibilities? the KAP.
2. Is the BoC Committees Chair effective in discharging his/her
roles and responsibilities? Based on the recommendation of the Nomination and
3. How is the Interface between BoC Committees and the BoC? Remuneration Committee, the Board of Commissioners has:
a. Approved the nomination of candidates for the appointment
In addition, the Board of Commissioners also provides and/or replacement of members of the Board of
an assessment of the current composition of the Board Commissioners, Board of Directors, and Shariah Supervisory
of Commissioners' Committees to measure whether the Board, to be further submitted to the General Meeting of
composition is appropriate to enable the Committees to carry Shareholders.
out their duties effectively. b. Approved the nomination of candidates for Independent
Committee Members and Executive Vice President
The results of the overall assessment of the implementation of candidates to fill the required positions.
the duties of the Maybank Indonesia Board of Commissioners c. Approved the recommendations submitted for changes in
Committee for 2024 remain positive, indicating that the support the composition of the Board of Commissioners Committees
and implementation of functions provided to the Board of for the 2024-2027 period.
Commissioners in carrying out its duties and responsibilities are d. Approved the remuneration for members of the Board of
rated Satisfactory. Likewise, the results of the assessment given Directors, Board of Commissioners, and Shariah Supervisory
by the Board of Directors on the performance of the Board of Board, which will be submitted to the General Meeting of
Commissioners Committee are considered Satisfactory. Shareholders.
e. Approved the remuneration for candidates for Independent
COMMITTEES RECOMMENDATIONS TO Committee Members and candidates for Executive Vice
THE BOARD OF COMMISSIONERS President.
As part of the commitment to corporate governance principles, f. Approved the recommendations of the Nomination and
the committees under the Board of Commissioners have Remuneration Committee regarding the implementation of
carried out their duties and functions to the best of their ability remuneration policies and employee retention strategies in
throughout the year. To ensure the effectiveness of supervision general, taking into account the principles of governance
and to improve the Bank's performance, the committees have in providing remuneration in accordance with applicable
made a number of strategic recommendations to the Board of regulatory provisions, including and not limited to Material
Commissioners. Risk Taker officials.
g. Approved the evaluation results of the Board of Directors’
Based on advices from the Audit Committee, the Board of performance in 2023 and approved the framework for
Commissioners gave the following recommendations to the evaluating the Board of Directors’ performance in 2024.
Board of Directors: h. Approved the performance assessment framework of the
a. Approved the issuance of the Bank and Consolidated Board of Commissioners and Board of Commissioners level
Financial Statements as well as the audited published Committees in 2023, namely Board Effectiveness Evaluation.
financial statements for the 4th quarter of 2023, and the i. Reviewed the talent management process, including building
interim financial statements (unaudited) for the 1st, 2nd, a succession plan for members of the Board of Directors.
and 3rd quarters of 2024. The recommendations pertained j. Approved the recommendations and ensured that members
to the presentation of the Financial Statements, accounting of the Board of Directors and Board of Commissioners
treatment, and conformity with the generally accepted receive appropriate and continuous development in order to
accounting principles, including the adequacy of the keep abreast of the latest developments in the industry.
published financial statements and the reporting process to
the relevant regulators.
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Based on the recommendations of the Risk Oversight 4. Submission of report to OJK on the Integrated Risk Profile
Committee, the Board of Commissioners has approved the Report for Semester 2 2023, which fell under the “2” rating
following subjects: definition (“Low to Moderate”). This report was the Bank's
a. Revision of Company Regulation on Capital Investment compliance as the Main Entity with OJK Regulation No. 17/
Policy. POJK.03/2014 Concerning the Implementation of Integrated
b. Risk Appetite Statements & RCP of 2024. Risk Management for Financial Conglomeration (“OJK
c. Industry 2024. Regulation 17/2014”).
d. LLL for MUFG Group. 5. Submission to OJK of the 2023 Annual Report on the
e. ICEL increase for Salim Group Implementation of Integrated Good Corporate Governance
f. Changes in Consumer & Community Protection Policy. (IGCG), which fell under rating “2” with “Good” definition.
g. Internal Reallocation of Industry Limit for Mining & This report was the Bank's compliance as the Main Entity
Quarrying. with OJK Regulation 18/2014.
h. Annual Review of Recovery Plan FY 2025 6. Updates to the Integrated Capital Management Framework
i. Changes in Credit Committee Structure & Its Authority and and Integrated Capital Contingency Plan in accordance with
Charge-off Authority. the provisions of OJK Regulation 17/2014.
j. Debtor Threshold Limit 7. Changes to the threshold of the 2024 Integrated Risk
k. Company Regulation on Good Corporate Governance. Appetite Statement on Profitability Risk, Operational Risk,
l. Review of Company Regulation on AML/CFT/PPSPM. Asset Quality and Regulatory/Compliance Risk.
8. Submission of report to OJK on the Assessment IGCG
The Board of Commissioners approves the Risk-Based Bank for Semester 1 2024 was "2" or falling under the "Good"
Rating on semi-annual basis and provides various advice and/or definition. This report was the Bank's compliance as the Main
responses in the risk management based on periodic reviews by Entity with OJK Regulation 18/2014.
the Risk Oversight Committee as reported in the information on 9. Submission to OJK of the Report on the Implementation of
the implementation of the duties of this committee. Minimum Capital Obligations for the Maybank Indonesia
Financial Conglomeration for the Semester 1 – 2024
Throughout 2024, the Integrated Good Corporate Governance position. This report was the Bank's obligation based on OJK
gave recommendations on the following matters: Regulation 26/2015.
1. Submission of report to OJK on the Assessment of Integrated 10. Submission to OJK of the Integrated Risk Profile Report for
Governance for Semester 2, 2023 was "1" or falling under Semester 1-2024 with a rating of “2” for falling under the
the "Very Good" definition. This report was the Bank's “Low to Moderate” definition. This report was the Bank’s
compliance as the Main Entity with OJK Regulation No. 18/ compliance as the Main Entity with OJK Regulation 17/2014.
POJK.03/2014 concerning the Implementation of Integrated
Governance for Financial Conglomeration ("OJK Regulation The following are recommendations/inputs provided by the
18/2014"). Whistleblowing Governance Committee during 2024:
2. Amendments to the Integrated Good Corporate Governance a. Provided input regarding steps in order to measure the
Charter pertaining to adjustments to OJK Regulation No. effectiveness of Maybank Indonesia’s Whistleblowing
17 of 2023 concerning Governance Practice for Commercial Channel.
Banks. b. Provided input to create Policy that regulates procedures in
3. Submission of report to OJK on the Implementation of communicating and following up the whistleblowing reports
Minimum Capital Obligations for Maybank Indonesia (employment-related).
Financial Conglomeration for the Semester 2 – 2023 position
at 290.44%. This report was the Bank's obligation, based Lastly, based on recommendations from the IT Oversight
on OJK Regulation No. 26/POJK.03/2015 Concerning the Committee, the Board of Commissioners has recommend IT
Minimum Integrated Capital Provision Obligation for Oversight Committee Charter update.
Financial Conglomeration (“OJK Regulation 26/2015”).
452 2024 Annual Report
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Governance Responsibility
BOARD OF COMMISSIONERS TRAINING
Board of Commissioners Training Program
Name Training Name Organising Party Location Date
Dato’ Khairussaleh Fireside Chat at the United Kingdom Education Centre United Kingdom Online 4 March 2024
Ramli (UKEC) in London-Making Your Mark Education Centre
JC3-GFANZ CEO Roundtable Luncheon-A Just Transition JC3-GFANZ KL 3 May 2024
towards a Shared Future
Mandatory Accreditation Programme Part II Securities Commission Online 6 & 7 May 2024
Leading for Impact (LIP) – Building High-impact Boards Malaysia/Bursa
for Sustainable Growth Malaysia/Institute of
Corporate Directors
Malaysia
Global Forum on Islamic Economic and Finance – “A Just BNM & Ministry of KL 28 May 2024
Transition towards a Shared Future” Finance
Briefing on IFRS 17 MAHB KL 29 May 2024
BNM Sasana Symposium 2024 – Structural Reforms: BNM Sasana Online 11 June 2024
Making it a Reality for Malaysia – Roles of Finance in Symposium 2024
implementing Structural Reforms (zoom)
Ageas Partnership Days 2024 – Reinsurance, Ageas/MAHB KL 10-11 June 2024
Sustainable Investments and Insights on AI, New
Technologies and Innovation
Maybank Board Strategy Session: - Maybank Group KL 28 June 2024
i. AI/Gen AI; and
ii. M25+ “Tech-for-Tech”: An Analysis and the Journey
Ahead
Maybank Annual Board Risk Workshop Maybank Group KL 3 July 2024
· Risk Landscape
· Economic Outlook
· Basel III Reforms
· AI Frontier: Navigating Opportunities and Risks
Responsibly (PwC)
Cyber and Technology Risk Management (Deloitte)
PayNet – AI, Digital Identity & the Future of Payments: PayNet/15Mb Ltd/ KL 2 August 2024
Role of National Payments Infrastructures Consult Hyperion
ESG: Global Trends and Rising Stakeholder Demand for Maybank Group Online 6 September 2024
Board of Directors
IIF Annual Membership Meeting titled – Views from Institute of KL 22 October 2024
C-Suite: Opportunities, Risks and Challenges for International Finance
Emerging Markets (IIF)
Sustainable Finance Forum 2024 Maybank Group & IIF KL 6 November 2024
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
i. Banking-as-a-Service; and WeBank & Oliver KL 12 December 2024
ii. Open Banking Wymann
Marina R Tusin Sertifikasi Manajemen Risiko Jenjang 6 – LSPP BSMR Online 22 April 2024
National Anti Fraud Conference 2024 Internal Jakarta 5 & 6 September 2024
Penyelarasan SMR BOC: 18-20 Sep 2024 BARA Bali 18-20 September 2024
Seminar Nasional dan Pengukuhan PIA 2024 Internal Jakarta 5 & 6 November 2024
M25+ Grand Showcase Maybank Group Jakarta 12 November 2024
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
2024 Annual Report PT Bank Maybank Indonesia Tbk 453
Page 456
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Board of Commissioners Training Program
Name Training Name Organising Party Location Date
Achjar Iljas Risk Management Certification Training (Jenjang 6) Maisa Edukasi Online 5 February 2024
Resertifikasi SMR BOD BOC LSPP Jakarta 22 February 2024
Guru Series – Economic Outlook Indonesia 2024 oleh Internal Jakarta 25 June 2024
Bapak Firman Mochtar, Direktur Eksekutif – Kepala
Departemen Kebijakan Ekonomi dan Moneter, Bank
Indonesia
Annual Board Risk Workshop 2024 Maybank Group KL 3 July 2024
Penyelarasan SMR BOC: 18-20 Sep 2024 BARA Bali 18 September 2024
GS: Future of Work AI-Driven Banking Internal Online 17 October 2024
M25+ Grand Showcase Maybank Group Jakarta 12 November 2024
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
Hendar Guru Series – Economic Outlook Indonesia 2024 oleh Internal Jakarta 25 June 2024
Bapak Firman Mochtar, Direktur Eksekutif – Kepala
Departemen Kebijakan Ekonomi dan Moneter, Bank
Indonesia
Risk Management Certification Training (Jenjang 6) Maisa Edukasi Jakarta 5 February 2024
Resertifikasi SMR BOD BOC LSPP Jakarta 22 February 2024
Annual Board Risk Workshop 2024 Maybank Group KL 3 July 2024
Executive Overview Direktur Keuangan (sebagai Internal Jakarta 30 August 2024
fasilitator)
ESG Talk: Global Trends and Rising Stakeholder Internal Jakarta 6 September 2024
Demand" by Ernst & Young
Penyelarasan SMR BOC: 18-20 Sep 2024 BARA Bali 18 September 2024
GS: Future of Work AI-Driven Banking Internal Online 17 October 2024
M25+ Grand Showcase Maybank Group Jakarta 12 November 2024
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
Daniel James Sertifikat Kompetensi Kualifikasi 6 Bidang Manajemen BSMR Online 14 October 2024
Rompas Risiko Perbankan Tanpa Berjenjang - LSPP
Training SMR BOC Jenjang 6 - 7 Okt INOFIN Jakarta 7 October 2024
GS: Future of Work AI-Driven Banking Internal Jakarta 17 October 2024
M25+ Grand Showcase Maybank Group Jakarta 12 November 2024
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
Putut Eko Bayuseno Guru Series – Economic Outlook Indonesia 2024 oleh Internal Jakarta 25 June 2024
Bapak Firman Mochtar, Direktur Eksekutif – Kepala
Departemen Kebijakan Ekonomi dan Moneter, Bank
Indonesia
Annual Board Risk Workshop 2024 Maybank Group Online 3 July 2024
Penyelarasan SMR BOC: 18-20 Sep 2024 BARA Bali 18 September 2024
GS: Future of Work AI-Driven Banking Internal Online 17 October 2024
M25+ Grand Showcase Maybank Group Jakarta 12 November 2024
Training SMR J6 BOC-13 Nov 24 Internal Jakarta 13 November 2024
Ujian Sertifikasi SMR J6 BOC-20 Nov 24 Internal LSPP 20 November 2024
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
Edwin Gerungan Risk Management Certification Training (Jenjang 6) Maisa Edukasi Jakarta 5 February 2024
Resertifikasi SMR BOD BOC LSPP Jakarta 22 February 2024
Annual Board Risk Workshop 2024 Maybank Group KL 3 July 2024
Penyelarasan SMR BOC: 18-20 Sep 2024 BARA Bali 18 September 2024
GS: Future of Work AI-Driven Banking Internal Online 17 October 2024
M25+ Grand Showcase Maybank Group Jakarta 12 November 2024
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
454 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Board of Commissioners Training Program
Name Training Name Organising Party Location Date
Datuk Lim Hong Tat Risk Management Certification Training (Jenjang 6) Maisa Edukasi Online 6 February 2024
Qualification 6 Field of Bank Risk Management Fast BARA Jakarta 23 February 2024
Track
Mandatory Accreditation Programme Part II: Leading Internal Online 5 & 6 June 2024
for Impact
Annual Board Risk Workshop 2024 Maybank Group KL 3 July 2024
Penyelarasan SMR BOC: 21-23 Aug 2024 BARA Online 21 August 2024
ESG Talk: Global Trends and Rising Stakeholder Maybank Group Online 6 September 2024
Demand" by Ernst & Young
Areca Capital Sdn Bhd – Anti Money Laundering and Nature of Life Trading Online 8 October 2024
Anti Bribery and Corruption Training Sdn Bhd
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
Dato’ Zulkiflee Global Forum on Islamic Economics and Finance (GFIEF) BNM & Ministry of KL 28 May 2024
Abbas Abdul Hamid Finance
Briefing on IFRS 17 MAHB KL 29 May 2024
Engagement Session with FIDE FORUM Members on BNM KL 30 May 2024
BNM Annual Report 2023, Economic and Monetary
Review 2023 and Financial Stability Review 2H 2023
BNM Sasana Symposium 2024 (SS2024) BNM Sasana KL 12-13 June 2024
Symposium 2024
Maybank Board Strategy Session: - Maybank Group KL 28 June 2024
(i) AI/Gen AI; and
(ii) M25+ “Tech-for-Tech”: An Analsyis and the Journey
Ahead
Preparation for e-Invoicing Implementation Internal KL 2 July 2024
Maybank Annual Board Risk Workshop Maybank Group KL 3 July 2024
• Risk Landscape
• Economic Outlook
• Basel III Reforms
• AI Frontier: Navigating Opportunities and Risks
Responsibly (PwC)
• Cyber and Technology Risk Management (Deloitte)
FIDE Elective: Market Risk Management – Banking BNM KL 6 & 7 August 2024
Sector
Preventing Fraud: The Board's Roles and Responsibilities Internal KL 8 August 2024
Distinguished Board Leadership Series 2024: Digital Internal KL 3 September 2024
Transformation of the World’s Best Bank
ESG: Global Trends and Rising Stakeholder Demand for Maybank Group Online 6 September 2024
Board of Directors
Directors Guide to Cybersecurity Oversight Internal KL 9 September 2024
Khazanah Megatrends Forum 2024 Internal KL 7 October 2024
Carbon Markets: What Directors Need to Know Internal KL 8 October 2024
Guru Series – Digital Banking, The Future of Work in AI- Internal Jakarta 17 October 2024
Driven Banking: Preparing for a New Landscape
IIF-Maybank Sustainable Finance Forum 2024 Maybank Group & IIF KL 6 November 2024
Refreshment Training on AML/CFT/PF Training Internal Online 22 November 2024
2024 Annual Report PT Bank Maybank Indonesia Tbk 455
Page 458
Main Highlights Management Report Company Profile Management Discussion
and Analysis
BOARD OF COMMISSIONERS ELECTION COMPOSITION AND MEMBERS
PROCESS Based on OJK Regulation No. 17 Year 2023 concerning the
Any proposal to replace and/or appoint members of the Board Implementation of Governance for Commercial Banks, the Bank
of Commissioners at the General Meeting of Shareholders is required to have a Board of Commissioners with a minimum
must consider the recommendations of the Nomination and number of 3 (three) members and at most the same as the number of
Remuneration Committee. The Nomination and Remuneration members of the Board of Directors and at least 50% of the members
Committee recommends candidates who meet the standard for the of the Board of Commissioners are Independent Commissioners
Bank’s Board of Commissioners, and ensures that they possess the and at least 1 (one) person must be domiciled in Indonesia. The
relevant skills and core competency requirements and are deemed replacement and/or appointment of members of the Board of
fit and proper for the appointment in accordance with the Financial Commissioners has taken into account the recommendations of the
Services Authority Regulation on Fit and Proper Test Nomination and Remuneration Committee.
The Bank has a talent pool in place to implement its strategic As of 2024, the number and composition of Maybank Indonesia’s
succession plan for members of the Board of Commissioners. Board of Commissioners has met all applicable requirements as
below:
If needed, the Bank may engage professional search firms or 1. Consists of more than 3 (three) people, namely 9 (nine)
other external sources to identify candidate for the Board of people and does not exceed the number of Directors, which
Commissioners. currently the number of members of the Bank’s Board of
Directors is 10 (ten) people;
Upon approval by the Board of Commissioners, the application 2. Led by the President Commissioner;
for the appointment of candidates for members of the Bank’s 3. 6 (six) members of the Bank’s Board of Commissioners are
Board of Commissioners will be submitted to the General domiciled in Indonesia;
Meeting of Shareholders and, in parallel, to the OJK for the 4. More than 50% of the members of the Bank’s Board of
necessary approvals in accordance with the Fit and Proper Test Commissioners are Independent Commissioners;
provisions. Under the Financial Services Authority Regulation 5. More than 50% of the members of the Board of
on Fit and Proper Test, the effective date of appointment for a Commissioners are Indonesian citizens.
member of the Board of Commissioners is determined based on
the Financial Services Authority’s approval of the Fit and Proper In alignment with ASEAN CG principles, the composition of
Test results, even though the Bank may hold a General Meeting Maybank Indonesia’s Board of Commissioners is as follows:
of Shareholders before obtaining approval from the Financial 1. 1 (one) female member of the Board of Commissioners who
Services Authority. The effective date of the appointment of new is an Independent Commissioner (minimum 1 (one) female
members of the Board of Commissioners must be reported to the Independent Commissioner).
Financial Services Authority within 10 (ten) working days after 2. The Board of Commissioners consists of nine (9) members (in
the appointment becomes effective. accordance with ASEAN CG principles, with a minimum of
five (5) members and a maximum of twelve (12) members).
A candidate of a member of the Board of Commissioners who 3. In terms of expertise, the majority of members of the Board
is awaiting approval from the Financial Services Authority is of Commissioners have working experience in the banking
prohibited from performing duties as a member of the Board sector.
of Commissioners in the company’s operations and/or other
activities that significantly affect the Bank’s policies and financial The composition of the Bank’s Board of Commissioners in 2024
condition, even though he/she has been approved and appointed is as follows:
by the General Meeting of Shareholders. Name of Commissioner Position
Dato’ Khairussaleh Ramli President Commissioner
Achjar Iljas Independent Commissioner
Hendar Independent Commissioner
Putut Eko Bayuseno Independent Commissioner
Marina R Tusin Independent Commissioner
Daniel James Rompas* Independent Commissioner
Edwin Gerungan Commissionerr
Datuk Lim Hong Tat Commissionerr
Dato’ Zulkiflee Abbas Abdul Hamid Commissionerr
*) Appointed at the Extraordinary General Meeting of Shareholders on 27
September 2024. At the time this report was published, appointment
has received OJK approval with effective date as of 3 January 2025.
456 2024 Annual Report
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Governance Responsibility
MEETINGS OF THE BOARD OF 9. Resolutions of the Meeting of the BOC shall be adopted
COMMISSIONERS, MEETINGS OF based on deliberation for consensus. In the event that a
THE BOARD OF DIRECTORS AND decision based on deliberation for consensus is not reached,
JOINT MEETINGS OF THE BOARD OF the decision shall be made by voting based on the affirmative
COMMISSIONERS AND THE BOARD OF votes of more than 1/2 (one-half) of the total number of
DIRECTORS incumbent members of the BOC.
1. Meetings of the Board of Commissioners shall be held 10. Minutes of the Meeting of the Board of Commissioners shall
periodically at least 1 (one) time in 2 (two) months and/ be prepared by the Corporate Secretary or by the Head of the
or may be held at any time when deemed necessary by Corporate Secretary Work Unit and shall then be submitted
the President Commissioner or by 2 (two) or more other to all members of the Board of Commissioners, and if the
members of the Board of Commissioners or by a meeting of Meeting is held jointly with the Board of Directors, it shall
the Board of Directors or at the request of 1 (one) or more also be submitted to all members of the Board of Directors.
shareholders who together represent 1/10 (one-tenth) of the 11. Minutes of the Board of Commissioners Meeting shall
total number of shares with valid voting rights. be signed by all members of the Board of Commissioners
2. The Board of Commissioners prepares the schedule of present and submitted to all members of the Board of
the Board of Commissioners Meeting and the Board of Commissioners and if the meeting is held jointly with the
Commissioners Meeting by inviting the Board of Directors Board of Directors, all members of the Board of Directors
for the next fiscal year before the end of the fiscal year. present at the meeting must also sign the Minutes of the
3. The Board of Commissioners shall hold a Board of Meeting.
Commissioners Meeting together with the Board of Directors 12. The Minutes of Meeting of the Board of Commissioners shall
on a regular basis at least 1 (one) time in 4 (four) months. state the physical presence of each member of the Board of
4. Invitation to the Board of Commissioners Meeting shall be Commissioners and teleconference/telepresence presence.
made by the President Commissioner or one of the members Attendance at teleconference/telepresence meetings is
of the Board of Commissioners or by the Corporate Secretary accompanied by recordings (audio/visual) of the Meeting.
or Corporate Secretary Unit. 13. The Board of Commissioners may also adopt legal and
5. Invitations and materials for the BOC Meeting shall be binding resolutions without holding a Meeting of the Board
delivered to the participants of the BOC Meeting at the of Commissioners, provided that all incumbent members of
latest 5 (five) calendar days before the Meeting is held the Board of Commissioners give their approval by signing
or such other period as determined by the President the proposed resolution (Circular Resolution). A Circular
Commissioner. Resolution shall have the same force as a resolution validly
6. Meetings of the BOC are valid and entitled to make binding adopted in a Meeting of the Board of Commissioners.
decisions only if more than 1/2 (one-half) of the total 14. Minutes of the Meeting of the Board of Commissioners must
number of incumbent members of the BOC are present or accurately record the decisions taken and the views of the
represented at the meeting. relevant members of the Board of Commissioners, including
7. Members of the BOC may participate in the Meeting any of dissenting opinion.
through teleconference, electronic means or other means of 15. The Board of Commissioners Meeting and the Board of
communication that enable all persons participating in the Commissioners Meeting inviting Directors for 2024 have
Meeting to communicate with each other simultaneously been scheduled at the end of 2023.
and instantly.
8. The Meeting of the BOC shall be chaired by the President
Commissioner, in the event that the President Commissioner
is unable to attend or is absent, which does not need to be
proven to a third party, the Meeting of the BOC shall be
chaired by one of the members of the BOC elected by the
members of the BOC present and or represented in the
Meeting of the BOC.
2024 Annual Report PT Bank Maybank Indonesia Tbk 457
Page 460
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Attendance of Board of Commissioners Members in Board of Commissioners Meetings in 2024
Board of Commissioners
Date
DKR BDS* AI EG HR DLHT PEBS DZA MRT** DJR***
18 January 2024 √ √ √ √ √ √ √ √
01 April 2024 √ √ √ √ √ √ √ √
17 May 2024 √ √ √ √ √ √ √ √
19 July 2024 √ √ √ √ √ √ √ √
27 August 2024 √ √ √ √ √ √ √ √
27 September 2024 √ √ √ √ √ √ √ √
22 November 2024 √ √ √ √ √ √ √ √ √
Total 2 7 7 7 7 7 7 5 1
Attend 2 7 7 7 7 7 7 5 1
Absent 0 0 0 0 0 0 0 0 0
Percentage 100% 100% 100% 100% 100% 100% 100% 100% 100%
All members of the Board of Commissioners attended 100% (one hundred percent) of meetings convened in 2024.
Note:
√ Phisically present
√* Attend via Teleconference
X Absent
√ Present as Observer
*) Term of office has ended at the closing of the Company’s Annual General Meeting of Shareholders held on 1 April 2024.
**) Appointed through the Company’s Annual General Meeting of Shareholders held on 1 April 2024, and with effective date on 11 July 2024. Until declared
effective, she attended only as an Observer.
***) Appointed through the Company’s Extraordinary General Meeting of Shareholders held on 27 September 2024, and with effective date on 3 January 2025.
Until declared effective, he attended only as an Observer.
DKR - Dato' Khairussaleh Ramli | BDS - Budhi Dyah Sitawati | AI - Achjar Iljas | EG - Edwin Gerungan | HR - Hendar | DLHT - Datuk Lim Hong Tat | PEBS - Putut Eko
Bayuseno | DZA - Dato’ Zulkiflee Abbas Abdul Hamid | MRT - Marina R Tusin | DJR - Daniel James Rompas
Attendance of Board Members in the Board of Commissioners and Board of Directors Meetings in 2024
Board of Commissioners Board of Directors
Date
DKR BDS* AI EG HR DLHT PEBS DZA MRT*** DJR**** TZ* TN* MR* SR** IF EH WP RA BAI YE** SAY** RH** BS***
23 February 2024 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
21 June 2024 √ √ √ √ √ √ √ √ √ √ √ √ √ X √ √ √
18 October 2024 √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √
Total 1 3 3 3 3 3 3 2 1 1 1 1 3 3 3 3 3 3 2 2 2 1
Attend 1 3 3 3 3 3 3 2 1 1 1 1 3 3 3 3 3 2 2 2 2 1
Absent 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0
Percentage 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 67% 100% 100% 100% 100%
All members of the Board of Commissioners attended 100% (one hundred percent) of All members of the Board of Directors attended 97% (ninety seven percent) of meetings
meetings convened in 2024. convened in 2024.
Note:
√ Phisically present
√* Attend via Teleconference
X Absent
√ Present as Observer
*) Term of office has ended at the closing of the Company’s Annual General Meeting of Shareholders held on 1 April 2024.
**) Appointed through the Company’s Annual General Meeting of Shareholders held on 1 April 2024, and came into effect on 11 July 2024. Until declared
effective, they attended only as an Observer.
***) Appointed through the Company’s Extraordinary General Meeting of Shareholders held on 27 September 2024, and with effective date on 3 January 2025.
Until declared effective, they attended only as an Observer.
****) Appointed at the Extraordinary General Meeting of Shareholders on 27 September 2024, with effective date on 23 December 2024. Until the effective date,
the said person attended the meeting only as an Observer.
DKR - Dato’ Khairussaleh Ramli | BDS - Budhi Dyah Sitawati | AI - Achjar Iljas | EG - Edwin Gerungan | HR - Hendar | DLHT - Datuk Lim Hong Tat | PEBS - Putut Eko
Bayuseno | DZA - Dato’ Zulkiflee Abbas Abdul Hamid | MRT - Marina R Tusin | DJR - Daniel James Rompas
458 2024 Annual Report
Page 461
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Attendance of Board of Commissioners Members in Special Meetings in 2024
Board of Commissioners
Date
DKR BDS* AI EG HR DLHT PEBS DZA MRT** DJR***
29 April 2024 √* √ √ √ √ √* √ √*
28 July 2024 √* √ √ √ √* √ √* √
29 October 2024 √* √ √ √ √* √ √* √ √
Total 3 1 3 3 3 3 3 3 2 1
Attend 3 1 3 3 3 3 3 3 2 1
Absent 0 0 0 0 0 0 0 0 0 0
Percentage 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
All members of the Board of Commissioners attended 100% (one hundred percent) of meetings convened in 2024
Note:
√ Phisically present
√* Attend via Teleconference
X Absent
√ Present as Observer
*) The term of office ends at the closing of the Company’s Annual General Meeting of Shareholders held on 1 April 2024.
**) Appointed through the Company’s Annual General Meeting of Shareholders held on 1 April 2024, and came into effect on 11 July 2024. Until declared
effective, they attended only as an Observer.
***) Appointed through the Company’s Extraordinary General Meeting of Shareholders held on 27 September 2024, and came into effect on 3 January 2025. Until
declared effective, they attended only as an Observer.
DKR - Dato' Khairussaleh Ramli | BDS - Budhi Dyah Sitawati | AI - Achjar Iljas | EG - Edwin Gerungan | HR - Hendar | DLHT - Datuk Lim Hong Tat |
PEBS - Putut Eko Bayuseno | DZA - Dato’ Zulkiflee Abbas Abdul Hamid | MRT - Marina R Tusin | DJR - Daniel James Rompas
BOARD OF COMMISSIONERS SUPERVISION FOCUS 2024
During 2024, the Board of Commissioners has supervised the management of the Bank carried out by the Board of Directors. The Board of
Commissioners also ensures that the Bank has implemented the strategic policies set and that governance practices have been effectively
executed across all of the Bank’s activities. The Board of Commissioners places primary attention to the achievement of business targets while
considering risk management based on prudential principles and compliance with all applicable regulations. Assisted by various committees, the
Board of Commissioners has provided recommendations, guidance, and input on various aspects of the Bank’s business and business supporting
functions.
The focus of the Board of Commissioners’ supervision covers several important aspects in 2024, which include, among others:
1. Analyse, provide input, and together with the Board of Directors approve the Bank’s Business Plan (RBB) 2024 including the realisation of
the RBB in the previous period, and approved the 2024 Sustainable Finance Action Plan and the realisation of the 2023 Sustainable
Finance Action Plan.
2. Ensuring that the Board of Directors has followed up on audit findings and recommendations from the Internal Audit Unit, including
corrective actions on findings from external, internal, and regulatory audits.
3. Actively overseeing the Bank’s risk management process, including in conducting a self-assessment of the Bank’s health level using Risk
Based-Bank Rating (RBBR). Throughout 2024, monitoring the Bank’s bankwide risk management process, asset quality, governance, and
profitability through the Risk Oversight Committee. Additionally, reviewing risk management policies, particularly those recommended by
regulators, such as the credit restructuring program to mitigate the impact of the Covid-19 pandemic, and evaluating the alignment between
those policies and their implementation.
4. Supervise the Company's technology & digital planning and strategy
5. Reviewing the Bank’s financial performance on a regular basis.
6. To support the effectiveness of the implementation of the duties and responsibilities of the Board of Commissioners, in each meeting
the Board of Commissioners receives reports from each Committee, namely: Audit Committee, Risk Oversight Committee, Nomination
and Remuneration Committee, Integrated Good Corporate Governance, Whistleblowing Governance Committee and Information and
Technology Monitoring Committee.
7. Providing input and direction on the implementation of the Bank’s M25+ strategic plan to accelerate the improvement of Maybank’s
performance.
2024 Annual Report PT Bank Maybank Indonesia Tbk 459
Page 462
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Board of Directors
The Board of Directors is an organ of Governance that is and guideline in carrying out its duties as a Board of Directors.
authorised and entirely responsible for the management of the The Board of Directors Guideline is evaluated periodically and
Bank for the benefit of the Bank, in accordance with the Bank’s updated with reference to the rules and regulations applicable in
purposes and objectives. It represents the Bank, both inside the Republic of Indonesia.
and outside the court, in accordance with the provisions of
the articles of association and applicable laws and regulations. This Guideline is binding on every member of the Board of
The Board of Directors has full collegial responsibility for the Directors to carry out their supervisory functions efficiently,
management of the Bank in accordance with the provisions of effectively, transparently, independently, and accountably. The
the Bank’s Articles of Association. Board of Directors Guideline was updated on March 2024.
All members of the Board of Directors carry out their duties
per the division of duties and authority, aiming to achieve The basis for compiling the Board of Directors’ Guidelines is as
management effectiveness and maximum results. The Board of follows:
Directors also upholds a professional, objective, strategic-minded 1. Law No. 40 of 2007 concerning Limited Liability Companies.
attitude and prioritises the interests of the Bank to increase 2. OJK Regulation No. 33/POJK.04/2014 concerning the Board
added value for stakeholders and ensure business sustainability. of Directors and Board of Commissioners of Issuers or Public
Companies.
LEGAL BASIS 3. OJK Regulation No. 17 of 2024 concerning the
Legal basis for the appointment of the Board of Directors: Implementation of Governance for Commercial Banks
1. Law No. 40 of 2007 on Limited Liability Companies. 4. The Company’s Articles of Association and its amendments.
2. Law No. 7 of 1992 on Banking was amended by Law No. 10 of
1998. The framework of the Board of Directors Guidelines regulates
3. OJK Regulation No. 33/POJK.04/2014 on Directors and Board various matters, including:
of Commissioners of Issuers or Public Companies. 1. Governance Structure
4. OJK Regulation No. 27 /POJK.03/2016 on Fit and Proper Test 2. Independence
for Main party of Financial Service Institution. 3. Duties, responsibilities and authorities of the board of
5. OJK Regulation No. 27/POJK.03/2016 on Capability and directors
Appropriateness Assessment for Main Parties of Financial 4. Role and responsibilities of the President Director
Services Institutions. 5. Compliance Director
6. OJK Circular Letter No. 39/SEOJK.03/2016 on Capability and 6. Director of Sharia Business Unit
Appropriateness Assessment for Prospective Controlling 7. Relationship between the controlling shareholder company
Shareholders, Prospective Members of the Board of and subsidiaries
Directors, and Prospective Members of the Board of 8. Core values and work ethics
Commissioners of Banks. 9. Transparency of board members
7. OJK Regulation No. 18/POJK.03/2016 on the Implementation 10. Board of Directors’ meetings
of Risk Management for Commercial Banks. 11. Prohibitions against Directors
8. OJK Circular Letter No.13/SEOJK.03/2017 on the 12. Assessment (evaluation) of Board of Directors performance
Implementation of Governance for Commercial Banks. and Remuneration
9. OJK Regulation No. 46/POJK.03/2017 on the Implementation 13. Working relationship pattern between the Board of Directors
of the Compliance Function of Commercial Banks. and the Board of Commissioners
10. OJK Regulation NO. 15/POJK.04/2020 on the plan and 14. Trainings, Certification and Refreshment Requirements
organisation of the General Meeting of Shareholders of 15. Reporting and Accountability
Public Companies.
11. OJK Circular Letter No. 28 /SEOJK.03/2022 on Risk COMPOSITION AND CRITERIA
Management Certification for Commercial Bank Human The composition and criteria of the Bank’s Board of Directors are
Resources in accordance with the prevailing regulations, among others, as
12. OJK Regulation No. 17 Year 2023 on the Implementation of follows:
Governance for Commercial Banks. 1. The number of members of the Board of Directors is more
13. Other related laws and regulations. than 3 (three) people, namely 10 (ten) people.
2. All members of the Board of Directors are domiciled in
GUIDELINES AND WORK RULES OF THE Indonesia.
BOARD OF DIRECTORS 3. All members of the Board of Directors have at least 5 (five)
In carrying out its duties and responsibilities, the Board of years of experience in the operational field and at least as an
Directors has a Board of Directors Guideline as a reference Executive Officer of the Bank.
460 2024 Annual Report
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4. No concurrent positions of the Bank’s Directors violate the applicable regulatory provisions, namely OJK RegulationNo. 17 of 2023
on the Implementation of Governance for Commercial Banks excludes the implementation of functional duties to become a member
of the Board of Commissioners in non-bank subsidiaries controlled by the Bank from the scope of prohibited concurrent positions.
INDEPENDENCE OF BOARD OF DIRECTORS
The Board of Directors has no financial relationship, management relationship, share ownership and/or family relationship with other
members of the Board of Directors, Board of Commissioners, and/or Controlling Shareholders or relationship with the Bank so that the
Board of Directors of Maybank Indonesia is able to carry out its duties and responsibilities independently.
1. The Board of Directors is prohibited from using individual advisors and/or professional services as experts or consultants.
The prohibition does not apply to the use of individual advisors and/or professional services with the following provisions:
a. for special projects;
b. based on a clear work contract;
c. carried out by an Independent Party who has certain technical knowledge with adequate skill qualification standards to work on
special projects as referred to in letter a;
d. carried out by a party who does not hold a structural position at the Bank; and
e. carried out by a party who does not have the authority to make operational decisions for the Bank.
2. Members of the Board of Directors are prohibited from granting general power of attorney to other parties that results in the
transfer of duties and functions of the Board of Directors.
3. Members of the Board of Directors are prohibited from exploiting the Company for personal, family and/or other party interests that
may harm or reduce the Company’s profits.
4. Members of the Board of Directors are prohibited from taking and/or receiving personal benefits from the Bank, other than
remuneration and other facilities determined based on the decision of the GMS.
5. Members of the Board of Directors, individually or jointly, are prohibited from owning shares in another company amounting to 25%
(twenty five percent) or more of the paid-up capital of the other company in question.
TERM OF OFFICE FOR BOARD OF DIRECTORS
1. The members of the Board of Directors shall be appointed by the respective General Meeting of Shareholders for a term
commencing on the date specified at the General Meeting of Shareholders appointing them until the closing of the 3rd (third)
Annual General Meeting of Shareholders after the date of their appointment.
2. The members of the Board of Directors whose term of office has expired may be reappointed.
Composition and Basis for Appointment of Directors in 2024:
Basis of Appointment Term of
No Name Title Effective Date Re-appointed Office until
AGM Approval the AGMS
(FSA Approval)
1 Steffano Ridwan President Director 1 April 2024 11 July 2024 - 2027
- 2018
6 April 2018 2021
2 Irvandi Ferizal Director 1 December 2015 21 January 2016
26 March 2021 2024
1 April 2024 2027
- 2020
3 Effendi Director 31 March 2017 21 July 2017 30 March 2020 2023
31 March 2023 2026
- 2021
4 Widya Permana Director 18 October 2018 18 January 2019 26 March 2021 2024
1 April 2024 2027
- 2023
5 Ricky Antariksa Director 30 March 2020
13 July 2020 31 March 2023 2026
6 Bambang Andri Irawan Director 28 September 2022 15 November 2022 - 2025
7 Yessika Effendi Director 1 April 2024 11 July 2024 - 2027
8 Romy Hardiansyah Director 1 April 2024 11 July 2024 2027
9 Shaiful Adhli Yazid Director 1 April 2024 26 August 2024 - 2027
10 Bianto Surodjo Director 27 September 2024 23 December 2024 2027
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and Analysis
SCOPE OF DUTIES AND AUTHORITY Ricky Antariksa –Director of Global Banking
OF EACH MEMBER OF THE BOARD OF Responsible for setting, implementing, and monitoring the global
DIRECTORS banking business strategies in providing holistic offerings of
The scope of work and responsibilities of each member of the corporate banking, financial institutions, and global markets/
Board of Directors is determined based on article 16.9 of the treasury products, as well as global transaction services, such
Bank’s Articles of Association. The distribution of duties and as transaction banking and cash management to local and
authorities among the members of the Board of Directors for international corporate clients.
2024, based on the Resolution of the Annual General Meeting
of Shareholders of Maybank Indonesia dated 1 April 2024, Bambang Andri Irawan – Director Information and
which approved the duties and authorities among the members Technology
of the Board of Directors for the financial year 2024. Based - Responsible for setting directions and overseeing the
on the resolution of the AGMS, the duties and authorities are implementation of Information Technology
determined through the Board of Directors Decree. The division - Actively provides solutions for the business team,
of duties and authorities among members of the Board of supporting the banking operations, in particular achieving
Directors of Maybank Indonesia is as follows: the organisation’s objectives, providing digital solutions,
increasing the automation process and the digital
Steffano Ridwan – President Director transformation that creates additional benefits for the Bank;
– Responsible for strategising, plan and lead the Bank’s - Ensures the implementation of the initiatives and projects in
banking operations to meet the objectives and targets as the IT directorate are impactful and aligned with the Bank’s
part of Maybank Group’s regional strategies to become the needs as well as the prevailing policies and regulations
top regional financial services;
– Facilitates the growth of the Bank’s operations by leveraging Yessika Effendi – Director of Compliance
the Group’s business capabilities and client networks. - Continuously performs the required duties and obligations
to adhere to all rules and regulations and supervises any risks
Irvandi Ferizal – Director of Human Capital that may arise out of a failure to comply with the applicable
Responsible for planning, developing and implementing effective regulations.
Human Resources (HR) strategies that aligned with the Bank’s - Responsible for the maintenance of fair, consistent, and
vision and its current and long-term business objectives; transparent communications regarding matters related to
Represents the Bank on HR matters, provides strategic and corporate governance, material transactions, and corporate
expert Human Resources advices to the President Director and actions.
other executives, as well as collaborating with the Board of - Provides support in administrative, information, utilities,
Directors on a range of strategic issues. and resources to facilitate the Board of Directors (BOD) and
the Board of Commissioners (BOC) in performing their tasks
and responsibilities, also monitors compliance with capital
Effendi – Director of Risk Management market laws and regulations and ensures that the BOD are
Responsible for reviewing, assessing, and developing policies informed of changes in the laws and regulations and their
to ensure that the Bank manages its risks effectively, including implications.
operational risk, credit risk, and market risk; Assuring that
the Bank’s risk policies are adherence to existing policies and Romy Hardiansyah– Direktur yang membawahkan Unit
guidelines, such as the adequacy of documentations to ensure Usaha Syariah
the security of collateral and/or to minimise bad debts or non- Responsible to set and manage the business strategies,
performing loans. implement and monitor its progress in order to successfully
provide the whole range of Sharia business products and services
Widya Permana – Director of Operations and also the Sharia branch office network to support business
Responsible for providing efficient operations and overseeing growth of the Company, including determining the size of
the overall development and coordination of banking operations, business targets, both funding and financing, specification of
ensuring cost-effectiveness of operations and conformance with marketing mechanism functions, system work, preparation and
the standard regulations to support the Bank’s businesses and in improvement of operational work procedures, preparation and
line with the customers’ expectations, both internal and external improvement of internal control mechanisms and development
customers. of concepts, modules and media for Sharia operational and
marketing training and responsibility in accordance with the
directions given by Management.
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Shaiful Adhli Yazid – Director of Finance COMPOSITION AND
- Responsible for leading, directing, and controlling the Bank’s financials and CRITERIA
relationships with the investors to maintain the short and long-term financial health The composition and criteria of
of the business; the Bank’s Board of Directors are
- Planning, directing, and coordinating the activities related to accounting, fiscal in accordance with the prevailing
reports, and debt management, including investments, business licensing regulations, among others, as follows:
administration, and tax administration, also to ensure cost-effectiveness of 1. The number of members of the Board
operations and conformance with the standard regulations; of Directors is more than 3 (three)
- Provides supervision to the Bank’s subsidiaries. people, namely 10 (ten) people.
- collaborating with the Board of Directors on a range of strategic issues. 2. All members of the Board of
Directors are domiciled in Indonesia.
Bianto Surodjo – Director of Community Financial Services (CFS) 3. All members of the Board of
- Responsible for setting and managing the business strategies and implementing and Directors have at least 5 (five) years
monitoring its progress in order to successfully provide the whole range of retail of experience in the operational field
banking and business banking services to the customers. and at least as an Executive Officer of
- Responsible for developing new products and improving the performance of the the Bank.
business, also developing the Bank’s channels to ensure market penetration and 4. No concurrent positions of the Bank’s
business growth Directors violate the applicable
regulatory provisions, namely OJK
COMPOSITION OF THE BOARD OF DIRECTORS RegulationNo. 17 of 2023 on the
The composition of the Bank’s Board of Directors as of 31 December 2024, is as follows: Implementation of Governance
for Commercial Banks excludes
No Name Position the implementation of functional
duties to become a member of the
1 Steffano Ridwan President Director Board of Commissioners in non-
2 Irvandi Ferizal Director bank subsidiaries controlled by the
3 Effendi Director Bank from the scope of prohibited
concurrent positions.
4 Widya Permana Director
5 Ricky Antariksa Director
INDEPENDENCE OF
6 Bambang Andri Irawan Director BOARD OF DIRECTORS
7 Yessika Effendi Director of Compliance The Board of Directors has no
8 Romy Hardiansyah Director of Shariah Business Unit financial relationship, management
9 Shaiful Adhli Yazid Director
relationship, share ownership and/or
family relationship with other members
10 Bianto Surodjo Director
of the Board of Directors, Board of
Commissioners, and/or Controlling
Shareholders or relationship with the
Bank so that the Board of Directors of
Maybank Indonesia is able to carry out its
duties and responsibilities independently.
2024 Annual Report PT Bank Maybank Indonesia Tbk 463
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
BOARD OF DIRECTORS TRAINING PROGRAM
Maybank Indonesia is committed to strengthening leadership and business strategy through a comprehensive BOD training program.
Detailed information regarding the Board of Directors training program throughout 2024, as follows:
Name Training Name Organiser Location Date
Steffano Ridwan Training SMR BOD Jenjang 7 Lembaga Sertifikasi Sentral Senayan 3 29 January 2024
Profesi Perbankan
(LSPP)
Resertifikasi SMR Internal Jakarta 28 February 2024
AML/CTF & Sanctions training for the BOD/BOC Internal Sentral Senayan 3 4 March 2024
Guru Series: Economic Outlook Indonesia Internal Sentral Senayan 3 25 June 2024
Data Summit 2024 Internal Sentral Senayan 3 22 October 2024
M25+ Grand Showcase Maybank Group Sentral Senayan 3 12 November 2024
Shaiful Adhli Yazie Sertifikasi Manajemen Risiko Perbankan – Jenjang 7 LSP Keuangan Syariah Sentral Senayan 3 22 February 2024
Guru Series: Economic Outlook Indonesia Internal Sentral Senayan 3 25 June 2024
BOD SMR Alignment Seminar Internal Mandiri Club 3 July 2024
Jakarta
Leaders Walk The Talk-Lite Agile Internal Sentral Senayan 3 10 September 2024
Lite Agile Mini Showcase & Awards Day Internal Sentral Senayan 3 16 October 2024
Global CFO Forum 2024 Fin.Transformation Eksternal Kuala Lumpur 28 October 2024
Irvandi Ferizal Training SMR BOD Jenjang 7 Lembaga Sertifikasi Sentral Senayan 3 29 January 2024
Profesi Perbankan
(LSPP)
SMR Recertification Internal Jakarta 22 Febuari 2024
Essentials of Islamic Banking & Finance Maybank Group Online 4 March 2024
Guru Series: Economic Outlook Indonesia Internal Sentral Senayan 3 25 June 2024
SMR BOD Alignment Seminar Internal Mandiri Club 3 July 2024
Jakarta
Sesi Brown Bag IBI Internal Sentral Senayan 3 31 August 2024
Leaders Walk The Talk-Lite Agile Internal Sentral Senayan 3 10 september 2024
Lite Agile Mini Showcase & Awards Day Internal Sentral Senayan 3 16 October 2024
GS: Future of Work AI-Driven Banking Internal Sentral Senayan 3 17 October 2024
Data Summit 2024 Internal Sentral Senayan 3 22 October 2024
M25+ Grand Showcase Maybank Group Sentral Senayan 3 12 november 2024
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Name Training Name Organiser Location Date
Widya Permana Sales & Service Summit Award 2024 Internal Bandung 17-18 January 2024
CFE Exam - Fraud Prevention & Deterrence ACFE Prometric Menara Imperium 23 January 2024
Jakarta
Trade Transformation ID Workshop Internal Sentral Senayan 3 25 January 2024
BOD Risk Management Certification Training Session Internal Sentral Senayan 3 29 January 2024
CFE Exam - Financial Transactions & Fraud Schemes ACFE Prometric Menara Imperium 1 February 2024
Jakarta
Ujian Resertifikasi SMR BOD - Jenjang 7 Lembaga Sertifikasi Sentral Senayan 3 22 February 2024
Profesi Perbankan
(LSPP)
Essentials of Islamic Banking & Finance and Islamic Maybank Group Online 1 March 2024
Social
Seminar Penyelarasan Sertifikasi Manajemen Risiko Perbanas, Asbisindo, Mandiri Club, 7-8 May 2024
Himbara, IBI, Bankers Jakarta
Asociation
Guru Series: Economic Outlook Indonesia Internal Sentral Senayan 3 25 June 2024
Islamic Sharing Session with Mufti Menk Internal JCC & Hotel Mulia 21 July 2024
Guru Series – Digital Banking, The Future of Work in AI- Internal Sentral Senayan 3 17 October 2024
Driven Banking: Preparing for a New Landscape
Refreshment Training on AML/CFT/PF Training Internal Jakarta 22 November 2024
Kegiatan Dialog Akhir Tahun antara Anggota Dewan Otoritas Jasa Keuangan Hotel 2 December 2024
Komisioner & Industri Jasa Keuangan Intercontinental,
Jakarta
Business Banking Workshop - Branch Ops Internal Sentral Senayan 3 5 December 2024
Effendi New Year Townhall Internal Sentral Senayan 3 8 January 2024
Sale Summit Award Internal Bandung 17-19 January 2024
Maybank Marathon Press Conference Internal Bali 25 January 2024
BOD Risk Management Certification Training Session Internal Sentral Senayan 3 29 January 2024
BSMR Level 7 Exam Lembaga Sertifikasi Sentral Senayan 3 22 February 2024
Profesi Perbankan
(LSPP)
Maybank Group Townhall: 4Q & Full Year FY 2023 Maybank Group Zoom Line 28 February 2024
Performance Results and M25+Updates
Business Alignment – Q1 2024 Internal Sentral Senayan 3 7-8 March 2024
Annual General Meeting Internal Sentral Senayan 3 1 April 2024
Leadership Townhall Meeting Internal Sentral Senayan 3 2 April 2024
BOD Offsite Meeting Internal Sentul 26 April 2024
Risk Management Settlement Alignment Seminar Perbanas, Asbisindo, Mandiri Club, 7-8 May 2024
Himbara, IBI, Bankers Jakarta
Asociation
Engagement Session with EXCO Internal Sentral Senayan 3 16 May 2024
Launch Event Maybank x Manchester United Cobrand Internal Jakarta 18 May 2024
Card
2nd Annual Chief Risk Officer Trueventus Bangkok 29-30 May 2024
Speaker at METI ROUNDTABLE TALK SERIES Internal Jakarta 13 June 2024
#2 - Financing Innovation to Unlock Investment
Opportunities for Renewable Energy Development
Socialisation of Implementation of PDP Law of Maybank Internal Sentral Senayan 3 14 June 2024
Indonesia Conglomeration
Guru Series Economic Outlook Indonesia 2024-2025 Internal Sentral Senayan 3 25 June 2024
Pembicara di Leaders Sharing Session - Program Internal Sentral Senayan 3 28 June 2024
Persiapan Manajer Cabang Area Batch 1
Lite Agile Mini Showcase & Awards Day Internal Sentral Senayan 3 16 October 2024
Guru Series - Digital Banking, The future of work in AI - Internal Sentral Senayan 3 17 October 2024
Driven banking for a new Landscape
Business Alignment - Q4 2024 Internal Sentral Senayan 3 24-25 October 2024
Cloud & AI Summit for Financial services Industry Internal Jakarta 7 November 2024
Maybank Indonesia Staff Townhall Internal Sentral Senayan 3 13 November 2024
Refreshment Training on AML/CFT/PF Internal Jakarta 22 November 2024
Client Visit Ke Pontianak Internal Pontianak 3-4 December 2024
Workshop Business Banking 5-6 December 2024 - Boost Internal Sentral Senayan 3 5 December 2024
Energy 2025
2024 Annual Report PT Bank Maybank Indonesia Tbk 465
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Name Training Name Organiser Location Date
Ricky Antariksa BOD Risk Management Certification Training Session Internal Sentral Senayan 3 29 January 2024
BOD Risk Management Re-examination Internal Sentral Senayan 3 22 February 2024
Essentials of Islamic Banking & Finance and Islamic Maybank Group Online 04 March 2024
Social Finance Programme
SP9A Net Zero Carbon Calculation (NZCC) BOD Internal Sentral Senayan 3 24 April 2024
Technical Workshop
Risk Management Certification Alignment Seminar for Perbanas, Asbisindo, Mandiri Club, 07-08 May 2024
Directors Himbara, IBI, Bankers Jakarta
Asociation
Guru Series: Economic Outlook Indonesia 2024–2025 Internal Sentral Senayan 3 25 June 2024
Lite Agile Mini Showcase & Awards Day Internal Sentral Senayan 3 16 October 2024
GS: Future of Work AI-Driven Banking Internal Sentral Senayan 3 17 October 2024
Data Summit 2024 Internal Sentral Senayan 3 22 October 2024
M25+ Grand Showcase Maybank Group Sentral Senayan 3 12 November 2024
AML/CFT/PF Refreshment Training Internal Sentral Senayan 3 22 November 2024
Yessika Effendi Competency Certification - Banking Risk Management LSP Keuangan Syariah Sentral Senayan 3 22 February 2024
Level 7
Guru Series: Economic Outlook Indonesia Internal Sentral Senayan 3 25 June 2024
Leaders Walk The Talk-Lite Agile Internal Sentral Senayan 3 10 September 2024
M25+ Grand Showcase Maybank Group Sentral Senayan 3 12 November 2024
Bianto Surodjo MGIP October 2024 Internal Online 8-9 October 2024
Lite Agile Mini Showcase & Awards Day Internal Sentral Senayan 3 16 October 2024
Maybank Indonesia Data Summit 2024 Internal Sentral Senayan 3 22 October 2024
M25+ Grand Showcase Maybank Group Sentral Senayan 3 12 November 2024
SMR Alignment Seminar for BOD Eksternal Jakarta 14-15 November 2024
Bambang Andri Sustainability Day 2023 Internal Taman Begawan 26 August 2024
Irawan – Bali
Workshop IT Head - 2024 Internal Royal Rulip Hotel 1-2 March 2024
Risk Management Certification Training Internal Zoom Line 2 & 7 May 2024
Guru Series: Economic Outlook Indonesia Internal Sentral Senayan 3 25 June 2024
Seminar Penyelarasan SMR BOD Internal Mandiri Club 3 July 2024
Jakarta
Sesi Brown Bag IBI Internal Sentral Senayan 3 31 August 2024
GS: Future of Work AI-Driven Banking Internal Sentral Senayan 3 17 October 2024
Data Summit 2024 Internal Sentral Senayan 3 22 October 2024
M25+ Grand Showcase Maybank Group Sentral Senayan 3 12 November 2024
Refreshment Training on AML/CFT/PF Internal Jakarta 22 November 2024
466 2024 Annual Report
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Governance Responsibility
Name Training Name Organiser Location Date
Romy Hardiansyah Sales & Service Summit Award 2024 Internal Bandung 17-18 January 2024
Training Motivasi & Negosiasi utk All Sales Mortgage Internal Hotel Mahattan - 15 January 2024
Jakarta
Training Sales Performance for Shariah Leader 2024 Internal Bandung 19 - 20 January 2024
Essentials of Islamic Banking & Finance and Islamic Maybank Group Online 31 January 2024
Social Finance Programme | 31 Jan 2024
Workshop - SWM Customer Journey Mapping Internal Sentral Senayan 3 5 February 2024
SP7 QBR & BRP (Quarterly Business Review & Big Room Maybank Group Maybank 16 February 2024
Planning) for Q2 FY2024 Academy
Workshop with Bapak Steffano Ridwan & WOM Finance Maybank Group Sentral Senayan 3 19 February 2024
Workshop Strategy Maybank x WOM Finance Maybank Group Sentral Senayan 3 28 February 2024
Socialisation and Discussion of Shariah Wealth Internal Sentral Senayan 3 4 March 2024
Management (SWM) with CX Management
Business Alignment Meeting Q1 2024 Internal Sentral Senayan 3 7 - 8 March 2024
Risk Management Certification Alignment Seminar for Perbanas, Asbisindo, Mandiri Club, 07-08 May 2024
BODs Himbara, IBI, Bankers Jakarta
Asociation
MBI Leaders Alignment : One Team, One Direction, New Internal Sentral Senayan 3 8 May 2024
Energy
Webinar: Opportunities and Challenges of Personal Internal Zoom Line 30 May 2024
Data Protection in Transactions in the Digital Era
Lite Agile Mini Showcase & Awards Day Internal Sentral Senayan 3 16 October 2024
Data Summit 2024 Internal Sentral Senayan 3 22 October 2024
Training SMR J7 BOD : 1 Nov 24 Lembaga Sertifikasi Wisma Kodel, 1 November 2024
Profesi Perbankan Jakarta
(LSPP)
SMR J7 BOD Certification Exam: 4 Nov 24 Lembaga Sertifikasi Wisma Kodel, 4 November 2024
Profesi Perbankan Jakarta
(LSPP)
M25+ Grand Showcase Maybank Group Sentral Senayan 3 12 November 2024
2024 Annual Report PT Bank Maybank Indonesia Tbk 467
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
CONCURRENT POSITIONS OF BOARD OF DIRECTORS
No Name of Director Title Position Outside the Bank Company/Agency/Organisation
1 Steffano Ridwan President Director Commissioner PT Maybank Indonesia Finance
(non-bank subsidiaries controlled by
the Bank)
2 Shaiful Adhli Yazid Director - -
3 Irvandi Ferizal Director - -
4 Effendi Director - -
5 Widya Permana Director - -
6 Ricky Antariksa Director - -
7 Bambang Andri Irawan Director - -
8 Yessika Effendi Director - -
9 Romy Hardiansyah Director - -
10 Bianto Surodjo Director - -
DUTIES AND RESPONSIBILITIES OF 8. The Board of Directors submits the Annual Work Plan,
MEMBERS OF THE BOARD OF DIRECTORS which also contains the Annual Budget, to the Board of
The duties and responsibilities of the members of the Board of Commissioners for approval prior to the commencement
Directors are as follows: of the new financial year in accordance with applicable
1. The Board of Directors is fully responsible for carrying regulations.
out its duties to conduct business development and risk 9. The Board of Directors prepares and establishes the Bank’s
management of the Bank professionally by prioritising Organisational structure along with job descriptions,
the Bank’s prudential principles and the principles of good authorities, and responsibilities and ensures optimal
corporate governance in every business activity of the Bank management of the Bank’s resources.
at all levels of the Bank’s organisation. 10. The Board of Directors discloses the Bank’s strategic
2. The Board of Directors carries out its duties and employment policies using easily accessible media,
responsibilities in managing the Bank in accordance with its determines remuneration in accordance with the Bank’s
authority as stipulated in the Bank’s Articles of Association. conditions and capabilities as well as the Bank’s peer group
It is always guided by the prevailing laws and regulations in environment, and creates a good career path for employees.
Indonesia. 11. Each member of the Board of Directors is jointly and
3. Each member of the Board of Directors must carry out their severally liable for the Bank’s losses caused by the fault
duties and responsibilities in good faith, responsibly, and or negligence of the member of the Board of Directors in
prudently. carrying out their duties unless it can be proven that:
4. In carrying out their duties and responsibilities for the • The loss is not due to his/her fault or negligence.
management of the Bank, the Board of Directors must hold • Has carried out management in good faith, full responsibility,
an Annual GMS and Other GMS as stipulated in the laws and and prudence for the interests and in accordance with the
regulations and the Articles of Association. purposes and objectives of the Bank.
5. The Board of Directors is accountable for implementing its • Has no conflict of interest either directly or indirectly over
duties and responsibilities to the shareholders through the the management actions that resulted in the loss. Have taken
GMS. measures to prevent the incidence or continuation of such
6. The Board of Directors is entitled to represent the Bank in losses.
and out of Court on all matters and, in all events, bind the 12. To support the effective implementation of the duties and
Bank with other parties and carry out all actions regarding responsibilities of the Board of Directors, Board of Directors
management and ownership but with restrictions, as level committees were established, which are also required
stipulated in the Bank’s Articles of Association. by the relevant regulatory provisions to support the duties
7. The Board of Directors develops business strategies in and responsibilities of the Board of Directors, including the
accordance with the Bank’s vision and mission as set out Risk Management Committee, Internal Audit Committee,
in the Annual Bank Business Plan and is responsible for Assets & Liabilities Management Committee (ALCO),
overseeing the realisation of its implementation regularly. Information Technology Steering Committee and Integrated
Risk Management Committee. In addition to the committees
468 2024 Annual Report
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Governance Responsibility
required by the regulatory provisions, the Bank also has CRITERIA FOR APPOINTMENT OF
other supporting committees that assist the duties of the DIRECTORS
Board of Directors in accordance with the Bank’s business The appointment of members of the Bank’s Board of Directors
needs, including the Credit Committee, Credit Restructuring and Board of Commissioners is based on the relevant provisions,
Committee, Impairment Committee, Human Capital among others:
Committee, and Personnel Committee. These committees are • OJK Regulation No. 17 of 2023 on Corporate Governance for
formed based on the decision of the Board of Directors, with Commercial Banks;
the division of duties and responsibilities of each regulated • OJK Regulation No. 33/POJK.04/2014 concerning
in the internal provisions of each Committee. The Board of Directors and Board of Commissioners of Issuers and Public
Directors evaluates the performance of these committees Companies;
at the end of each financial year. Detailed information on • OJK Regulation No. 27/POJK.03/2016 concerning Fit
these committees is presented in the Board of Directors and Proper Test for Main Parties of Financial Services
Committees section. Institutions;
13. The Board of Directors also established an Internal Audit • OJK Circular Resolution No. 39/SEOJK.03/2016 concerning
Unit (SKAI), Risk Management Unit (SKMR), and Compliance Fit and Proper Test for candidates for Controlling
Unit to support the implementation of its duties and Shareholders, Candidates for members of the Board of
responsibilities. Directors, and Candidates for Members of the Board of
14. In carrying out its duties and responsibilities, the Board Commissioners of Banks;
of Directors does not use individual advisors and/or • OJK Regulation No. 34 /POJK.03/2018 concerning
professional services as consultants except for special Reassessment for Main Parties of Financial Services
projects, which have been based on clear contracts covering Institutions; and
the scope of work, responsibilities, period of work, and costs, • Other related regulations.
as well as consultants who are independent and have the
qualifications to work on special projects. The criteria that must be met by the candidates of members of
15. In the framework of general control, as stipulated in the the Board of Directors of Maybank Indonesia, among others, are
Internal Audit Professional Standards, the Board of Directors as follows:
has the responsibility of creating an internal control 1. Fulfil the relevant skills and core competency requirements
structure, ensuring the implementation of the internal audit and are deemed capable and appropriate to be appointed as
function at all levels of management, and following up on Directors in accordance with the Financial Services Authority
audit findings in accordance with policies or directions given Regulation regarding Fit and Proper Test;
by the Board of Commissioners. 2. Fulfil the integrity requirements in accordance with the
16. The Board of Directors is responsible for properly following applicable requirements, among others:
up on audit findings and recommendations from the Bank’s a. Have good morals and character.
internal audit unit, external auditors, supervisory results b. Have a strong commitment to comply with applicable
of Bank Indonesia, the Financial Services Authority, and/or laws and regulations, including the Bank’s rules and
supervisory results of other authorities. regulations, and support the policies of the Financial
17. The Board of Directors implements the Code of Conduct and Services Authority.
Code of Ethics and Code of Conduct applicable in the Bank, c. Have a commitment to the development of healthy Bank
including provisions regarding handling conflicts of interest operations
that are binding and must be adhered to. d. Not included in the Failure List of Fit and Proper
18. The Board of Directors ensures the accuracy and quality, as Assessment.
well as the accuracy of reports and financial data presented e. Capable of performing legal acts.
for internal and external purposes in accordance with 3. Fulfil the relevant skills and core competency requirements
applicable regulations. and are deemed capable and appropriate to be appointed as
19. The BOD shall provide all information relating to the Bank as Directors and Board of Commissioners in accordance with
required by the BOC to carry out their duties. the Financial Services Authority Regulation regarding Fit and
20. The Board of Directors is responsible for any information Proper Test.
relating to the Bank submitted to the public by the Corporate 4. Fulfil Competency Requirements in accordance with the
Secretary. requirements stipulated in the applicable regulations,
21. The BOD is responsible for implementing the Bank’s social including:
responsibility programs. a. Banking knowledge that is adequate and relevant to his/
22. Carry out other duties and responsibilities stipulated in her position
the Articles of Association, laws and regulations, and those b. Experience and expertise in banking and/or finance, and
stipulated in the General Meeting of Shareholders, Board of c. Ability to perform strategic management in the context
Directors Meeting, Company regulations, and relevant laws of healthy Bank development;
and regulations
2024 Annual Report PT Bank Maybank Indonesia Tbk 469
Page 472
Main Highlights Management Report Company Profile Management Discussion
and Analysis
d. Knowledge of the duties and responsibilities of the Main CONFLICT OF INTEREST POLICY FOR
Entity as well as an understanding of the main business BOARD OF DIRECTORS
activities and main risks of the FSIs within the Financial Throughout 2024, the Bank ensured that all members of the
Conglomeration Bank. Board of Directors have no conflict of interest or potential
e. Personal skills, which include a good reputation, strong conflict of interest with Maybank Indonesia. This is in line with
leadership skills and a wide network, especially in the commitment of the Board of Directors that all members of
the financial industry, and the ability to build good the Board of Directors must avoid potential conflicts of interest.
relationships with regulators. In the event of a conflict of interest, members of the Board of
5. Financial Reputation requirements include: Directors are prohibited from taking actions that may harm
a. Not having bad credit and/or not being a Controlling or reduce the Bank’s profits and must disclose the potential
Shareholder, member of the Board of Directors, or conflict of interest in every decision. Any decision regarding
member of the Board of Commissioners of a legal entity a transaction that has a conflict of interest to the Board of
with bad credit; Directors must be taken at an Extraordinary General Meeting of
b. Has never been declared bankrupt or become a member Shareholders specifically held for that purpose, which is attended
of the Board of Directors or a Company found guilty of by independent shareholders or shareholders who do not have
causing a company to be declared bankrupt within the a conflict of interest in the transaction in accordance with the
last 5 (five) years before nomination; applicable laws in the capital market sector and the regulations
c. Never been convicted of a criminal offense that is of the Stock Exchange where the Company’s shares are listed.
detrimental to state finances and/or related to the In the event that all members of the Board of Commissioners
financial sector. have a conflict of interest and no one can be appointed to chair
d. Never been a member of the Board of Directors and/or a the General Meeting of Shareholders, it shall be chaired by one
member of the Board of Commissioners during the term of the members of the Board of Directors appointed by the
of office: Board of Directors. In the event that the member of the Board
i. Has not held an Annual General Meeting of of Directors appointed by the Board of Directors to chair the
Shareholders; Meeting has a conflict of interest over the matter to be decided
ii. Has caused a company that obtained a license, at the General Meeting of Shareholders, the General Meeting
approval or registration from the Financial Services of Shareholders shall be chaired by a member of the Board of
Authority to not fulfil the obligation to submit annual Directors who does not have a conflict of interest.
reports and/or financial reports to the Financial
Services Authority; LENDING POLICY FOR THE BOARD OF
iii. His/her accountability as a member of the Board DIRECTORS
of Directors and/or a member of the Board of The Bank provides loans to the Board of Directors at normal rates
Commissioners has not been accepted by the and terms, as it does with parties unrelated to the Bank. Loans by
General Meeting of Shareholders or has not provided the Board of Directors will be calculated as Maybank Indonesia’s
accountability as a member of the Board of Directors Maximum Lending Limit in accordance with OJK Regulation
and/or a member of the Board of Commissioners to No. 32/POJK.03/2018 concerning Maximum Lending Limit and
the General Meeting of Shareholders. Provision of Large Funds for Commercial Banks. If any, it will be
6. The majority of members of the Board of Directors must have carried out at arm’s length and in accordance with market prices.
at least 5 (five) years of experience in banking operations.
7. Domiciled in Indonesia.
8. Not serving as a member of the Board of Directors, Board of
Commissioners, or Executive Officers in other companies,
except as regulated by applicable regulations.
9. The majority of members of the Board of Commissioners
and Board of Directors are prohibited from having family
relationships up to the second degree with other members of
the Board of Commissioners and/or members of the Board of
Directors.
470 2024 Annual Report
Page 473
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
BOARD OF DIRECTORS ELECTION shareholders who together represent 1/10 (one-tenth) of the
PROCESS total number of shares with valid voting rights.
Any recommendation to replace and/or appoint members of 2. The Board of Directors shall hold a joint Board of Directors
the Board of Directors at the General Meeting of Shareholders Meeting with the Board of Commissioners on a regular basis
must consider the recommendations of the Nomination and at least 1 (one) time in 4 (four) months.
Remuneration Committee. 3. The Board of Directors must schedule the Meeting of the
Board of Directors and the meeting held jointly with the
As needed, Maybank Indonesia may use professional search Board of Commissioners for the following year before the
firm or other external sources of candidate when searching for end of the fiscal year.
candidate to the Board of Directors. 4. The invitation to the Meeting of the Board of Directors shall
be made by the President Director or one of the members of
The Nomination and Remuneration Committee recommends the Board of Directors or by the Corporate Secretary or by
suitable candidates for the position of Directors of the Bank the Head of the Corporate Secretary Work Unit.
and also ensures that the candidates meet the relevant skills 5. The invitation of the Meeting of the Board of Directors
and core competency requirements and are deemed capable held jointly with the Board of Commissioners must also be
and appropriate to be appointed as Directors of the Bank in submitted to each member of the Board of Commissioners
accordance with the OJK Regulation on Fit and Proper Test. with the same terms and conditions as referred to in this
Article.
After the recommendation submitted by the Nomination 6. The Meeting of the Board of Directors shall be chaired
and Remuneration Committee is approved by the Board of by the President Director, in the event that the President
Commissioners, the application for the candidate’s appointment Director is unable to attend or is absent, which does not
will be proposed to the General Meeting of Shareholders for need to be proven to a third party, the Meeting of the Board
approval, followed by the Fit and Proper Test process. Based on of Directors shall be chaired by one of the Directors elected
the OJK Regulation on Fit and Proper Test, the effective date by the members of the Board of Directors present and or
of appointment of a member of the Board of Directors is the represented at the Meeting of the Board of Directors.
date of OJK approval. However, the Bank may hold a General 7. The Meeting of the Board of Directors shall be valid and
Meeting of Shareholders before obtaining approval from OJK. entitled to make binding decisions if more than 1/2 (one-half)
The appointment of a new member of the BOD must be reported of the total number of members of the Board of Directors
to OJK within 10 (ten) days after the date their appointment who are currently serving are present or represented in the
becomes effective. meeting.
8. Resolutions of the Meeting of the Board of Directors must
A prospective member of the Board of Directors who is awaiting be adopted based on deliberation for consensus. In the event
approval from OJK is prohibited from performing duties as a that a decision based on deliberation for consensus is not
member of the Board of Directors in the company’s operations reached, it shall be made by voting based on the affirmative
and/or other activities that significantly affect the Bank’s policies votes of more than 1/2 (one-half) of the total number of
and financial condition, even though they have been approved members of the Board of Directors currently in office.
and appointed by the General Meeting of Shareholders. 9. Minutes of the Meeting of the Board of Directors shall be
prepared by the Corporate Secretary or by the Head of the
Corporate Secretary Work Unit and shall then be submitted
ORIENTATION PROGRAMMES FOR NEW to all members of the Board of Directors.
DIRECTORS 10. The Board of Directors may also adopt legal and binding
The Bank has an orientation programme for new members of the resolutions without holding a Meeting of the Board of
Board of Directors, which is regulated by the guidelines and work Directors, provided that all incumbent members of the Board
rules of the Board of Directors. This orientation programmes of Directors give their approval by signing the proposed
aims to provide input to new members of the Board of Directors resolution (Circular Resolution). A Circular Resolution shall
to gain an understanding of the Company in a relatively short have the same force as a resolution validly adopted in a
time so that they can carry out their duties effectively and Meeting of the Board of Directors.
efficiently. All members of the Board of Directors of Maybank 11. Minutes of the Meeting of the Board of Directors shall
Indonesia, including those who have just joined in 2024, have state the physical presence of each member of the Board
undergone the Board of Directors orientation programmes. of Directors and teleconference/telepresence presence.
Attendance at teleconference/telepresence meetings is
BOARD OF DIRECTORS MEETING accompanied by recordings (audio/visual) of the Meeting.
1. Meetings of the Board of Directors shall be held periodically 12. The minutes of the BOD Meeting must accurately record the
at least 1 (one) time in every month and/or may be held at decisions taken and the views of the relevant members of the
any time when deemed necessary by the President Director BOD, including any of dissenting opinion.
or by one or more other members of the Board of Directors
or at the request of one or more members of the Board of
Commissioners or at the written request of 1 (one) or more
2024 Annual Report PT Bank Maybank Indonesia Tbk 471
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Attendance of Directors in Board Meetings During 2024
Board of Directors
Date
TZ* TN* MR* SR IF EH WP RA BAI YE** SAY*** RHB** BS****
1 8 January 2024 X √ √ √ √ √ √ X √
2 17 January 2024 √ √ √ √ √ √ √ √ √
3 22 January 2024 √ √ √ √ √ √ √ √ √
4 1 February 2024 X √ √ √ √ X √ √ √
5 5 February 2023 X √ √ √ √ √ √ √ √
6 12 February 2024 √ √ √ √ √ √ √ √ √
7 21 February 2024 √ √ √ √ √ √ √ √ √
8 27 February 2024 √ √ √ √ √ √ √ √ √
9 5 March 2024 √ √ √ √ √ √ √ √ √
10 13 March 2024 √ √ X √ √ √ √ √ √
11 20 March 2024 √ √ X √ √ √ √ √ √
12 25 March 2024 √ √ X √ √ √ √ √ √
13 2 April 2024 √ √ √ √ √ √ √ √
14 18 April 2024 √ √ √ √ √ √ √ √
15 22 April 2024 √ √ √ √ √ √ √ X
16 29 April 2024 √ √ √ √ √ √ √ X
17 6 May 2024 √ √ √ √ √ √ X √
18 13 May 2024 √ √ √ √ √ √ √ X
19 20 May 2024 √ √ √ √ √ √ √ √
20 27 May 2024 √ √ √ √ √ √ √ √
21 3 June 2024 √ √ √ √ √ √ √ x √
22 10 June 2024 √ √ √ √ √ √ X √ √
23 13 June 2024 √ √ √ √ X X √ √ √
24 20 June 2024 √ √ √ √ √ X √ √ √
25 24 June 2024 √ √ √ √ √ √ √ √ √
26 1 July 2024 √ √ √ √ X √ X √ √
27 8 July 2024 √ √ √ √ X √ √ √ √
28 15 July 2024 √ √ √ √ √ √ √ √ X
29 18 July 2024 √ √ √ √ √ √ √ √ X
30 23 July 2024 √ √ √ √ √ √ √ √ X
31 31 July 2024 X √ √ √ √ √ √ √ √
32 6 August 2024 √ √ X √ √ √ X √ √
33 12 August 2024 √ √ √ √ √ √ √ √ √
34 19 August 2024 √ √ √ X √ √ √ √ √
35 3 September 2024 √ √ √ X √ √ √ √ √
36 10 September 2024 √ √ √ X √ √ √ √ √
37 17 September 2024 √ √ √ √ X √ √ √ √
38 24 September 2024 √ √ √ √ √ √ √ √ √
39 30 September 2024 √ √ √ √ √ √ X √ √ √
40 8 October 2024 √ √ √ √ √ X X √ √ X
41 14 October 2024 √ √ √ √ √ √ √ √ √ √
42 21 October 2024 √ √ √ √ √ √ X √ √ √
43 30 October 2024 √ √ √ X √ √ √ √ √ √
472 2024 Annual Report
Page 475
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Attendance of Directors in Board Meetings During 2024
Board of Directors
Date
TZ* TN* MR* SR IF EH WP RA BAI YE** SAY*** RHB** BS****
44 4 November 2024 √ √ √ √ √ √ √ √ √ √
45 11 November 2024 √ √ X √ √ √ √ X √ √
46 20 November 2024 √ √ √ √ √ √ √ √ √ √
47 25 November 2024 √ √ √ √ √ √ X √ √ √
48 2 December 2024 √ √ √ X √ √ √ √ √ √
49 11 December 2024 √ √ √ √ √ √ √ X √ √
50 16 December 2024 √ √ √ √ √ √ √ √ √ √
51 30 December 2024 X √ √ X X √ √ √ √ √
Total 12 12 51 51 51 51 51 51 31 39 39 13
Attend 12 9 49 51 48 45 45 48 24 35 33 12
Absent 0 3 2 0 3 6 6 3 7 4 6 1
Percentage 100% 75% 96% 100% 94% 88% 88% 94% 77% 90% 85% 92%
ll members of the Board of Directors attended 88.8% of total Board Meetings throughout 2024
Note:
√ Physically present
√* Attend via Teleconference
X Absent
√ Present as Observer
*) The term of office ended at the closing of the Company’s Annual General Meeting of Shareholders held on 1 April 2024.
**) Appointed through the Company’s Annual General Meeting of Shareholders held on 1 April 2024, with effective date on 11 July 2024. Until declared
effective, they attended only as an Observer.
***) Appointed through the Company’s Annual General Meeting of Shareholders held on 1 April 2024, with effective date on 26 August 2024. Until
declared effective, he attended only as an Observer.
****)Appointed through the Company’s Extraordinary General Meeting of Shareholders held on 27 September 2024, with effective date on 3 January
2025. Until declared effective, they attended only as an Observer.
TZ - Taswin Zakaria | TN - Thilagavathy Nadason | MR - Muhamadian | SR - Steffano Ridwan | IF - Irvandi Ferizal | EH - Effendi | WP - Widya Permana | RA
- Ricky Antariksa | BAI - Bambang Andri Irawan | YE - Yessika Effendi | SAY - Shaiful Adhli Yazid | RH - Romy Hadriansyah | BS - Bianto Surodjo
2024 Annual Report PT Bank Maybank Indonesia Tbk 473
Page 476
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Affiliation between Board of
Commissioners, Board of Directors and
Majority/Controlling Shareholders
Maybank Indonesia’s Board of Commissioners and Board of Directors have no affiliation, either family or financial, with fellow members
of the Board of Commissioners, Board of Directors and Controlling Shareholders, but there are Non-Independent Commissioners
as much as 50% (fifty percent) of the members of the Bank’s Board of Commissioners who have affiliation in the form of financial
relationships with the Bank’s Controlling Shareholders. Maybank Indonesia’s Board of Commissioners and Board of Directors have
integrity and independence and have no conflict of interest that may interfere with their ability to carry out their duties professionally
and objectively.
Affiliation Criteria with reference to OJK Regulation No.42/POJK.04/2020 concerning Affiliated Transactions and Conflict of Interest
Transactions, as follows:
1. Family relationship due to marriage and descent to the second degree, both horizontally and vertically;
2. Relationship between the party and the employee, director, or commissioner of the party;
3. Relationship between 2 (two) companies in which there are 1 (one) or more members of the same board of directors or board of
commissioners;
4. Relationship between the company and the party, either directly or indirectly, controlling or controlled by the company;
5. Relationship between 2 (two) companies that are controlled, either directly or indirectly, by the same party; or
6. Relationship between the company and the major shareholder.
BOARD OF COMMISSIONERS
Family Relationship with Financial Relationship with
Name BoC BoD PSP BoC BoD PSP
Yes No Yes No Yes No Yes No Yes No Yes No
Dato’ Khairussaleh Ramli - √ - √ - √ - √ - √ √ -
Achjar Iljas - √ - √ - √ - √ - √ - √
Dr. Hendar, SE, MA - √ - √ - √ - √ - √ - √
Putut Eko Bayuseno - √ - √ - √ - √ - √ - √
Marina R Tusin - √ - √ - √ - √ - √ - √
Daniel James Rompas *) - √ - √ - √ - √ - √ - √
Edwin Gerungan - √ - √ - √ - √ - √ - √
Datuk Lim Hong Tat - √ - √ - √ - √ - √ √ -
Dato’ Zulkiflee Abbas Abdul Hamid - √ - √ - √ - √ - √ √ -
*)
Appointed at the Company’s Extraordinary General Meeting of Shareholders on 27 September 2024. Effective in office based on the results of the Financial
Services Authority’s Fit and Proper Test on 3 January 2025
BOARD OF DIRECTORS
Hubungan Keluarga dengan Hubungan Keuangan dengan
Name BoC BoD PSP BoC BoD PSP
Yes No Yes No Yes No Yes No Yes No Yes No
Steffano Ridwan - √ - √ - √ - √ - √ - √
Irvandi Ferizal - √ - √ - √ - √ - √ - √
Effendi - √ - √ - √ - √ - √ - √
Widya Permana - √ - √ - √ - √ - √ - √
Ricky Antariksa - √ - √ - √ - √ - √ - √
Bambang Andri Irawan - √ - √ - √ - √ - √ - √
Yessika Effendi - √ - √ - √ - √ - √ - √
Romy Hardiansyah - √ - √ - √ - √ - √ - √
Shaiful Adhli Yazid - √ - √ - √ - √ - √ - √
Bianto Surodjo - √ - √ - √ - √ - √ - √
474 2024 Annual Report
Page 477
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Board of Commissioners and Directors
Diversity Policy
To support the effectiveness of the supervisory duties of the b. 1 (one) member with expertise/work experience in the
Board of Commissioners and the management of the Bank, field of law;
Maybank Indonesia implements a policy of diversity in the c. 1 (one) member with expertise/work experience in the
composition of members of the Board of Commissioners and banking industry, and
Board of Directors. This is important considering the diversity of d. 1 (one) member with expertise/work experience in risk
expertise, experience, and educational background is one of the management.
advantages in improving the Bank’s performance so that it can be 2. Citizenship
at the forefront and provide satisfaction for stakeholders. The majority (more than 50% (fifty percent) of members of
the Board of Commissioners are Indonesian citizens.
The diversity of the composition of the Board of Commissioners 3. Gender
and Directors of Maybank Indonesia is regulated in the Appendix Considering the gender diversity of the members of the
of Circular Letter of the Financial Services Authority Number Board of Commissioners.
32/SEOJK.04/2015 concerning Guidelines for Public Company 4. Age
Governance. The appointment of the Board of Commissioners Members of the Board of Commissioners have a diversity of
and the Board of Directors is made by considering the experience age levels.
and understanding of the banking industry, integrity, and 5. Independence
dedication of each individual in accordance with the needs, More than 50% (fifty percent) of the members of the Board
vision, mission, and strategy of the Bank. of Commissioners are Independent Commissioners.
The composition of the Board of Commissioners and Board of The term of office of an Independent Commissioner is as
Directors is a combination of characteristics in accordance with stipulated in the articles of association of Maybank Indonesia
the needs of Maybank Indonesia, including in terms of the organs and may be reappointed with due observance of applicable
of the Board of Commissioners and Board of Directors. These regulations. Maybank Indonesia have a term limit of nine (9)
characteristics are reflected in the determination of expertise, years for Independent Commissioners and Non- Independent
knowledge, and experience required in carrying out the functions Commissioners. The provisions regarding the term limit of nine
and duties of the Board of Commissioners and Board of Directors (9) years implemented in 2022.
and supporting the achievement of the Bank’s vision and mission
to continue to grow and develop. Considering the Company’s DIVERSITY OF BOARD OF DIRECTORS
needs for the composition of the Board of Commissioners and COMPOSITION
Directors of Maybank Indonesia is a positive thing, especially The composition of the Board of Commissioners has met the
regarding providing recommendations and decision-making. required diversity, the diversity factor of the composition of the
Board of Directors, among others, consists of:
Diversity policy in the composition of the Bank’s Board of 1. Expertise/Experience, having at least:
Commissioners and Directors, among others: a. 1 (one) member with expertise/work experience in the
1. Having objectivity, integrity, expertise, knowledge, field of economics/business/finance and/or
experience, mindset, and relevant abilities. b. 1 (one) member with expertise/work experience in the
2. Special attention to the composition and balance of the banking industry, and
Board of Commissioners and the Board of Directors. c. 1 (one) member with expertise/work experience in risk
3. The composition and number of the Board of Commissioners management.
and the Board of Directors must align with applicable 2. Citizenship
regulatory regulations. The majority (more than 50% (fifty percent) of the members
4. Management of dual positions that must align with of the Board of Directors are Indonesian citizens.
applicable regulatory regulations. 3. Gender
5. Other diversity in accordance with the Bank’s strategy. Considering the gender diversity of the members of the
Board of Directors.
DIVERSITY OF THE COMPOSITION OF 4. Age
THE BOARD OF COMMISSIONERS Members of the Board of Directors have a diversity of age
The composition of the Board of Commissioners has met the levels.
required diversity, the diversity factor of the composition of the 5. Independence
Board of Commissioners, among others, consists of the following: a. The President Director is independent of the Bank’s
1. Expertise/Experience, having at least: controlling shareholder.
a. 1 (one) member with expertise/work experience in the b. Members of the Board of Directors meet the criteria of
field of economics/business/finance and/or independence in accordance with the prevailing rules
and regulations.
2024 Annual Report PT Bank Maybank Indonesia Tbk 475
Page 478
Main Highlights Management Report Company Profile Management Discussion
and Analysis
ACHIEVEMENT OF DIVERSITY POLICY OF BOARD OF COMMISSIONERS AND
DIRECTORS COMPOSITION
By the end of 2024, the composition of the Bank’s Board of Commissioners and Board of Directors has fulfilled the diversity aspects
mentioned above. It aligns with the Bank’s strategy, vision, and mission. In 2024, the diversity of the composition of the Board of
Commissioners and the Board of Directors was reflected in education, nationality, age, and gender, which can be seen in the table below:
Education Level Education Level Citizenship of Board of Commissioner
Board of Commissioners Board of Directors and Board of Directors
4 4 5 15
4
1 4
1
S1 S2 S3 S1 S2 S3 Indonesian Foreign
Citizens Citizen
Independent Composition of
the Board of Commissioners
4 person
5 person
Non -
Independen Independen
2024
Gender of the Board of Commissioners Gender of the Board of Directors
1 person 1 person
8 9
Female Female
person person
Male Male
2024 2024
Age of the Board of Commissioners Age of the Board of Directors
7 person 2 person - person
10
65-80 years 45-65 years 65-80 years
person
45-65 years
2024 2024
476 2024 Annual Report
Page 479
Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
BoD SKILL BoC SKILL
(Person) (Person)
Corporate Governance 8 Corporate Governance 8
Strategy planning & business strategy 10 Strategy Planning & Business Strategy 7
International business/relations 3 International Business/Relations 3
Commercial Banking/Credit Risk 8 Commercial Banking/Credit Risk 7
Investment Banking 5 Investment Banking 1
Securities and derivatives 4 Securities and Derivatives 2
Islamic Banking 4 Islamic Banking 2
International banking 4 International Banking 5
Branding/Marketing 6 Branding/Marketing 1
Insurance and Takaful 1 Accounting and Finance 3
Accounting and Finance 5 Corporate Finance 3
Corporate Finance 4 Treasury 2
Treasury 4 Taxation 1
Taxation 1 Asset Management 3
Asset Management 3 Audit 3
Audit 4 Risk Management 7
Risk Management 9 Legal and Compliance 3
Legal and Compliance 4 Information and Communication Technology (ICT) 1
Information and Communication Technology (ICT) 3 Human Resources Management 8
Human Resources Management 4 Transformation/Change Management 7
Transformation/Change Management 10 Entrepreneurship 4
Entrepreneurship 3 Cybersecurity 1
Cybersecurity 3 Sustainability 4
Sustainability 4 Innovation & Technology/Digital 1
Innovation & Technology/Digital 3
BoD EXPERIENCE BoC EXPERIENCE
(Person) (Person)
International Posting 5 International Posting 6
Government/Agency/Regulatory Bodies 2 Government/Agency/Regulatory Bodies 6
Professional Services/Bodies 3 Professional Services/Bodies 4
Private Enterprise 6 Private Enterprise 6
BoD INDUSTRY BoC INDUSTRY
(Person) (Person)
Banking/Capital Market 10 Banking/Capital Market 7
Insurance 3 Insurance 1
Property 2 Public Sector 4
Public Sector 2 Telco/IT 1
Telco/IT 4 Oil & Gas 1
Electricity/Power Generation 2
Manufacturing 4
Transportation 3
Oil & Gas 2
Plantation 1
2024 Annual Report PT Bank Maybank Indonesia Tbk 477
Page 480
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Committees of the Board of Commissioners
AUDIT COMMITTEE Public Accounting Firms in Financial Services Activities
The Board of Commissioners established the Audit Committee to • The Bank’s Articles of Association regarding the duties and
carry out supervisory functions in the areas of implementation authorities of the Board of Commissioners
and reporting of financial records, adequacy of risk management
and internal control effectively and independently. In addition, Audit Committee Charter
the Audit Committee also supervises compliance with applicable In carrying out its duties and responsibilities, the Bank’s Audit
laws and regulations. Committee refers to the Audit Committee Charter that regulates,
among others, the duties and responsibilities, membership, work
Legal Basis procedures and meetings in terms of the implementation of the
• OJK Regulation No. 33/POJK.04/2014 concerning the Board Audit Committee activities. The Audit Committee Charter was last
of Directors and Board of Commissioners of Issuers or Public updated on 7 December 2023 and has been uploaded to the Bank’s
Companies website (www. maybank.co.id). The Audit Committee charter is
• OJK Regulation No. 55/POJK.04/2015 concerning the reviewed periodically to comply with the prevailing regulations.
Establishment and Guidelines for the Implementation of the
Audit Committee Work Structure and Membership
• OJK Regulation No. 1/POJK.03/2019 concerning the The membership, composition and independence of the
Implementation of the Internal Audit Function for Audit Committee members have met the requirements of the
Commercial Banks competent authorities. The Audit Committee consists of 1 (one)
• OJK Regulation No. 09 of 2023 concerning the Use of Public Independent Commissioner as Chairman, 2 (two) Independent
Accountant Services and Public Accounting Firms in Financial Commissioners as members and 2 (two) Independent Parties
Services Activities with competence and qualifications in economic, finance,
• OJK Regulation No. 17 of 2023 concerning the accounting and banking.
Implementation of Governance for Commercial Banks
• OJK Circular Resolution No. 18/SEOJK.03/2023 concerning Based on the latest Decree of the Board of Directors of PT Bank
Procedures for the Use of Public Accountant Services and Maybank Indonesia Tbk. No. SK.2025.003/PRESDIR dated 20
January 2025, the composition of the Audit Committee Members
are as follows:
No Member Position on the Committee Position at Maybank Indonesia Period
1 Achjar Iljas Chairperson and Member Independent Commissioner 2024 - 2027
2 Hendar Member Independent Commissioner 2024 - 2027
3 Putut Eko Bayuseno Member Independent Commissioner 2024 - 2027
4 Yetti Septirawati Member Independent Party 2024 - 2027
5 Dawny Rachella Tahar Executive Secretary concurrently Member Independent Party 2024 - 2027
Qualification and Profile of Audit Committee Members
Member Career Background Education
Serves as Chairman of the Audit Committee. Listed in the Board of Commissioners
Details of his experience and qualifications are stated in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Achjar Iljas
Serves as a Member of the Audit Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Hendar
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Qualification and Profile of Audit Committee Members
Member Career Background Education
Serves as a Member of the Audit Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Putut Eko Bayuseno
Serves as a Member of the Audit Committee. She holds an Accountant degree from
Indonesian citizen. She served as an independent audit committee member of the Faculty of Economics, Padjadjaran
PT Bank Maybank Indonesia, Tbk since 19 October 2022. University in Bandung and Master
in Business Management from Asian
Institute of Management - Manila. She
also holds the Chartered Accountant (CA)
certification.
Yetti Septirawati
Serves as a Member of the Audit Committee. She graduated from Bogor Institute of
Indonesian citizen. She served as an independent audit committee member of Agriculture, Social Economics Faculty
PT Bank Maybank Indonesia, Tbk on 10 January 2024. Currently, she also serves majoring in Agribusiness in 1990 and
as an Audit Committee member in PT Garuda Indonesia Tbk. hold bachelor degree in Agriculture
Economic. She obtained Certification Risk
Management for Banking (level 5) in 2018
and CIA (level 1) in 2022.
Dawny Rachella Tahar
Criteria or Indicators Analysis Supporting Documents
Completeness and Implementation of Committee Duties
Governance Structure
a) Members of the audit committee shall The Chairman of the Audit Committee, Mr. Achjar Iljas, is an Decree of the Board of Directors
at least consist of an Independent Independent Commissioner with expertise in banking, economics and of PT Bank Maybank Indonesia
Commissioner, an Independent finance, with 2 (two) members from the Independent Commissioners, Tbk No. 2024.001/PRESDIR
Party with expertise in finance or namely 1) Mr. Hendar who has expertise in banking, economics and tanggal 5 April 2024.
accounting, and an Independent Party finance and 2) Mr. Putut Eko Bayuseno who has expertise in law,
with expertise in law or banking. and 2 other members from independent parties, namely 1) Ms. Yetti
Septirawati is an expert in accounting and banking 2) Ms. Dawny
Rachella Tahar who has expertise in banking, risk management and
auditing
b) The audit committee is chaired by an The Chairman of the Audit Committee Mr. Achjar Iljas is an Decree of the Board of Directors
Independent Commissioner Independent Commissioner of the Audit Committee of PT Bank Maybank Indonesia
Tbk No. 2024.001/PRESDIR
tanggal 5 April 2024
c) At least 51% (fifty-one percent) of All the members of the Audit Committee are independent Decree of the Board of Directors
the audit committee members are commissioners and independent parties of PT Bank Maybank Indonesia
Independent Commissioners and Tbk No. 2024.001/PRESDIR
Independent Parties. tanggal 5 April 2024
d) Audit committee members have All members of the Audit Committee have no record of disgraceful Statement Letter as of December
integrity, morals, and good morals. integrity, are not involved in civil and criminal law cases, and have 2024 signed by each member
good morality
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Term of Office d. Ensure that significant Internal Audit findings are
The composition of the Audit Committee as mentioned immediately submitted to the Audit Committee and discuss
above is valid until the closing of the Annual General Meeting them for the attention of the Board of Commissioners.
of Shareholders in 2027, unless any member of the Audit e. Recommend to the Board of Commissioners that SKAI
Committee resigns, or no longer works for the Company, or if the conduct special audits when there are allegations of fraud or
Board of Commissioners decides to change the composition of deviations from laws and regulations.
the Audit Committee (whichever occurs first). In the event that f. Review the report on the Implementation and Main Points of
there is a replacement of Audit Committee members, it must be Internal Audit Results that will be submitted to OJK.
approved by the Board of Commissioners. g. Evaluate the effectiveness of the SKAI function, by ensuring
that Management follows up on recommendations submitted
Independence of the Audit Committee by SKAI.
All members of the Audit Committee have met all independence h. Evaluate and provide recommendations to the Board of
criteria and are able to carry out their duties independently, Commissioners on the appointment, performance appraisal,
uphold the interests of the Bank and cannot be influenced by any replacement and dismissal of the Head of SKAI.
party. This can be seen from the membership which consists of
1 (one) Chairman who is an Independent Commissioner, 2 (two) Public Accountant/External Auditor
Members who are also Independent Commissioners and 2 (two) The Audit Committee responsibilities are as follow:
Members who are Independent Parties. a. Review the independence, performance of the Public
Accountant, fees (service fees) and other criteria in order to
Duties and Responsibilities provide recommendations to the Board of Commissioners for
As stipulated in the Audit Committee Charter, the duties and the determination of the Public Accountant to be appointed
responsibilities of the Audit Committee are as follows: by the General Shareholder Meeting.
Internal Control and Risk Management b. Review the adequacy of the Public Accountant’s audit to
The Audit Committee responsibilities are as follow: ensure that important risks have been considered, including
a. Evaluate whether the Management implements an adequate reviewing the terms of the engagement.
internal control system and runs effectively, based on reports c. Ensure that significant findings are immediately submitted
such as from internal auditors and external auditors including to the Audit Committee for discussion, to be submitted and
OJK. brought to the attention of the Board of Commissioners.
b. Evaluate whether the auditors’ recommendations have been d. Ensure that Management conducts follow-up on the Public
followed up by the Management. Accountant’s findings.
c. The Audit Committee may coordinate with the Risk e. Provide an independent opinion in the event of a difference
Monitoring Committee if deemed necessary. of opinion between Management and the Public Accountant
on the services provided.
Financial Information
The Audit Committee is responsible to improve the quality of Other Tasks
financial information disclosure, by: The above-mentioned duties and responsibilities do not limit
a. Reviewing financial information including financial the Audit Committee to act otherwise in so far as it does not
projections published to the public and/or authorities. conflict with OJK Regulations and the prevalence of domestic and
b. Ensuring that the financial statements have been prepared in international practices. The Audit Committee is also responsible
accordance with accounting standards and other applicable for other relevant tasks assigned by the Board of Commissioners
regulations. including but not limited to the appointment and/or removal
c. Reviewing and reporting to the Board of Commissioners on of the Public Accountant/External Auditor’s office based on
complaints relating to the Bank’s accounting and financial independence, the scope of the assignment and fair value of
reporting processes. service fee.
Internal Auditor Compliance with Laws and Regulations
The Audit Committee responsibilities are as follow: The Audit Committee is tasked with ensuring compliance with
a. Evaluate the Internal Audit Charter to be approved by the laws and regulations, particularly in the Capital Market and
Board of Commissioners. banking sectors.
b. Evaluate the annual work plan of the Internal Audit Unit
(SKAI) and provide inputs if necessary.
c. Ensure SKAI’s independency and no restrictions applied upon
SKAI.
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Audit Committee Meetings and Attendance
In 2024, the Audit Committee held 19 meetings with the agenda of discussion related to implementation of internal control, historical
financial information and discussion on the implementation of the audit of Financial Statements with external auditor. Each meeting
was attended by more than half of the Audit Committee members or always met the applicable quorum.
Audit Committee Meeting Agenda
The main agenda of the Audit Committee Meeting throughout 2024 are as follows:
No. Date Main Agenda of Audit Committee Meeting
1. 19 January 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
2. 23 January 2024 Discussion of audit progress on the Consolidated Financial Statements for the 2023 financial year with EY
3. 20 February 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
4. 21 February 2024 Discussion on the Consolidated Financial Statements for the 2023 financial year with EY
5. 19 March 2024 Discussion on evaluation of KAP in 2023 and audit proposal on the Consolidated Financial Statements for the 2024
financial year
6. 26 March 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
7. 25 April 2024 Discussion on Interim Consolidated Financial Statements (unaudited) as of 30 March 2024
8. 28 May 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
9. 19 June 2024 Implementation of Internal Audit Assignment and Discussion of Audit Finding
10. 8 July 2024 Discussion on the progress of limited review assignment on the Consolidated Financial Statements as of 30 June
2024 with EY
11. 16 July 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
12. 26 July 2024 Discussion on Interim Consolidated Financial Statements (unaudited) as of 30 June 2024
13. 20 August 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
14. 23 September 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
15. 15 October 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
16. 23 October 2024 Discussion on Interim Consolidated Financial Statements (unaudited) as of 30 September 2024
17. 11 November 2024 Kick off meeting of EY audit of Consolidated Financial Statements for the 2024 financial year
18. 19 November 2024 Implementation of Internal Audit Assignment and Discussion of Audit Findings
19. 11 December 2024 Discussion of audit progress on the Consolidated Financial Statements for the 2024 financial year with EY
Attendance at Audit Committee
Name Position Percentage of Attendance (%)
Meetings
Achjar iljas Chairman of the Audit Committee 19 100%
Hendar Audit Committee Member 19 100%
Putut Eko Bayuseno Audit Committee Member 19 100%
Yetti Septirawati Audit Committee Member 19 100%
Dawny Rachella Tahar Audit Committee Member 19 100%
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Implementation of Audit Committee Activities during 2024
For the fiscal year 2024, the Audit Committee has carried out its functions to assist the Board of Commissioners by referring to the
Audit Committee Charter, among others:
• Reviewed financial information that will be released by the Bank to the public and/or authorities, in the form of draft financial
projections contained in the Bank’s Business Plan (including revisions) that will be submitted to OJK, as well as draft quarterly and
annual financial statements publications, as well as the full financial statements (long-form report).
• Provided recommendations to the Board of Commissioners to be decided by the Annual General Shareholder Meeting regarding
the appointment of a Public Accountant (AP) based on, among others: independence, scope of assignment, and service fees.
Recommendations are also based on the results of the evaluation of the Implementation of Providing Audit Services for Annual
Historical Financial Information for the previous year period. The evaluation report has also been submitted to OJK.
• Monitored and evaluated the planning and implementation of audits as well as monitoring the follow-up of audit results, both audits
by the Internal Audit Work Unit (SKAI) and external auditors and regulators, in order to assess the adequacy of internal control.
• Reviewed compliance with laws and regulations related to the Bank’s activities.
• Assisted the Board of Commissioners in preparing the Business Plan Supervision Report every semester and has been submitted to
OJK.
• Assisted the Board of Commissioners in preparing the annual Bank Payment System Supervision Report and has been submitted to
Bank Indonesia.
In terms of reviewing the adequacy of the financial reporting process, the Audit Committee also provided recommendations that the
financial statements have been prepared based on generally accepted accounting standards and existing regulations and ensured the
implementation of audits by the Public Accounting Firm (KAP) in accordance with applicable auditing standards in Indonesia.
The implementation of the Audit Committee’s duties is carried out through written communication (reporting) and by holding regular
meetings, both with SKAI, Internal Audit Committee (IAC), Compliance work unit, Finance and Accounting Division (FAD) work unit,
related business work units and with KAP.
Regarding the review of risk management implementation activities carried out by the Board of Directors, the Bank has a Risk
Monitoring Committee established by the Board of Commissioners.
Work Program and Activities of the Audit Committee
In 2024, the Audit Committee carried out activities in accordance with its duties and responsibilities represented in the work program
and documented AC reports.
Training of Audit Committee Members during 2024
Name Training/Seminar/ Date
Name Position Workshop/Sharing Organiser Location
Knowledge Start End
Achjar Iljas Chairman and Member of the Audit Committee
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Hendar Audit Committee Member
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
Putut Eko Audit Committee Member
Bayuseno Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub Chapter in this
Corporate Governance chapter.
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Training of Audit Committee Members during 2024
Name Training/Seminar/ Date
Name Position Workshop/Sharing Organiser Location
Knowledge Start End
Yetti Audit Strengthening Financial Integrity: 21 November 2024 21 November 2024 OJK Online
Septirawati Committee Advanced Strategies and
Member Innovations in Anti Fraud
Empowering Leadership : How 10 October 2024 10 October 2024 OJK Online
Women Leaders Drive Company
and Institution Performance
The Future of Data Analytics in 12 September 2024 12 September 2024 OJK Online
the Financial Industry
Building Spiritual Leadership: A 22 August 2024 10 October 2024 OJK Online
Holistic Approach to Growth and
Sustainability
Driving Corporate Performance 25 July 2024 22 August 2024 OJK Online
through Artificial Intelligence
The Role of Innovative Credit 27 June 2024 25 July 2024 OJK Online
Scoring in Improving Access to
Funding
Opportunities and Challenges 30 May 2024 2 June 2024 OJK Online
for Personal Data Protection in
Transactions in the Digital Age
How to Prevent Greenwashing in 16 May 2024 30 May 2024 OJK Online
Sustainable Finance
How to Prevent Accounting 2 May 2024 16 May 2024 OJK Online
Fraud in Financial Sector
Opportunities and Challenges of 25 April 2024 2 May 2024 OJK Online
Open Finance in Indonesia
Strategies to Accelerate Shariah 21 March 2024 25 April 2024 OJK Online
Finance Market Share
Opportunities and Challenges of 14 March 2024 21 March 2024 OJK Online
Digital Assets in Indonesia
Shariah Financial Education 13 March 2024 14 March 2024 OJK Online
Connecting The Dots 11 January 2024 11 January 2024 OJK Online
Dawny Audit ICOFR Implementation and 19 November 2024 19 November 2024 Kementrian BUMN Online
Rachella Tahar Committee Technical Guidelines
Member
Internal Control in the Financial 13 December 2024 13 December 2024 IAIB (Ikatan Audit Jakarta
Reporting Process based on OJK Intern Bank)
Regulation 15 of 2024
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and Analysis
RISK OVERSIGHT COMMITTEE
The Board of Commissioners (BOC) established the Risk Oversight Committee to support effective implementation of duties and
responsibilities related to the oversight of risk management implementation, and identification of significant risks that require attention
of the BOC.
Legal Basis
The Risk Oversight Committee is established based on the following provisions:
• OJK Regulation No. 17 of 2023 concerning the Implementation of Governance for Commercial Banks.
• The Bank’s Articles of Association regarding the duties and authorities of the Board of Commissioners.
Risk Oversight Committee Charter
The Bank’s Risk Oversight Committee has a Charter or Guidelines that contains objective, membership (composition, qualifications,
independence and membership period), duties and responsibilities, authorities, working and meeting procedures, reporting and its
evaluation. The Risk Oversight Committee Charter was last updated on 24 November 2023 referring to OJK Regulation No. 17 year 2023
on The Implementation of Governance for Commercial Banks and has been uploaded on the Bank’s website. Furthermore, the charter of
the Risk Oversight Committee will always be reviewed periodically in order to comply with applicable regulations.
Composition of Risk Oversight Committee Members
The membership and composition, as well as the independence of the members of the Risk Oversight Committee have complied with
OJK regulations. The Bank’s Risk Oversight Committee in 2024 consists of 1 (one) Chairman/concurrent member who is an Independent
Commissioner, 4 (four) members who are Independent Commissioners, 3 (three) members who are Commissioners, and 2 (two)
Independent Parties with competence and qualifications in the fields of economics, banking, finance and risk management.
Members of the Risk Oversight Committee are appointed by the Board of Commissioners and for the period of 2024 -2027 have
undergone several changes and the latest composition determined based on the Decree of the Company’s Board of Directors No.
SK.2024.014/PRESDIR dated 11 November 2024:
No. Name Position in Bank Position in Committee Term of Office
1. Hendar Independent Commissioner Chairman /Member 2021-2024
2. Marina Tusin Independent Commissioner Member (*) 2024-2027
3. Achjar Iljas Independent Commissioner Member 2024-2027
4. Putut Eko Bayuseno Independent Commissioner Member 2024-2027
5. Edwin Gerungan Commissioner Member 2024-2027
6. Datuk Lim Hong Tat Commissioner Member 2024-2027
7. Dato’ Zulkiflee Abbas Abdul Hamid Commissioner Member 2024-2027
8. Daniel James Rompas Komisaris Independen Member (**) 2024-2027
9. Irma Savitry Independent Party Member (***) 2024-2027
10. Agus Kretarto Independent Party Member and Executive Secretary 2024-2027
*) Appointed since April 2024, effective as a member since August 2024.
**) Appointed since November 2024, not yet effective as a Member during 2024.
***) Appointed and effective since April 2024
Qualification and Profile of Risk Oversight Committee Members
The following are the profiles and qualifications of the Risk Oversight Committee Members
Membership Profile Career Background Education
Served as the Bank’s Risk Oversight Chairman. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Hendar
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Membership Profile Career Background Education
She serves as a member of the Risk Oversight Committee. Listed in the Board of Commissioners
Details of her experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Marina Tusin
He serves as a member of the Risk Oversight Committee. Listed in the Board of Commissioners
Details of her experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter. He has expertise in the
field of Sharia Banking
Achjar Iljas
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Putut Eko Bayuseno
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Edwin Gerungan
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Datuk Lim Hong Tat
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Dato’ Zulkiflee Abbas
Abdul Hamid
He serves as a member of the Risk Oversight Committee. Details of his Listed in the Board of Commissioners
experience and qualifications can be found in the Board of Commissioners Profile.
Profile in the Company Profile chapter.
Daniel James Rompas*
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Membership Profile Career Background Education
She served as Member of the Risk Monitoring Committee. Bachelor Degree of Economics University
Previously has held several positions: of Indonesia, 1987
Chief of Credit and Collections at Bank Sampoerna (2015-2023) ; Deputy Credit
Director of Banker Association for Risk Management /BARA (2018-2021) ; Risk Risk Management Certificate Qualification
Management Head Danamon Simpan Pinjam (2014-2015); National Fraud, QA, 6
and Collections Head at Bank Danamon (2010-2014) ; Consumer Risk Group
Head at PT Maybank Indonesia, Tbk d/h PT Bank Internasional Indonesia,Tbk
(2007-2010) ; CRM and Pricing Director at GE Consumer Finance (2006-2007);
Banking Director at GE Consumer Finance (2004-2006); Risk Director at GE
Irma Savitry Consumer Finance (2002-2004); Credit Cycle Head at Standard Chartered
Bank
(1997-2002); Credit Policy Head Citibank (1994-1997); Credit Acceptance Unit
Head Citibank (1991-1994) ; General Accounting Head Citibank (1989-1991);
Junior Auditor Ernst and Young (1987-1989)
He served as Member/Secretary of the Risk Monitoring Committee. • Magister of Management, University of
Indonesia, 1991
He has served as a Member of the Risk Oversight & Integrated Good • Chartered Accountant,
Corporate Governance of Bank Maybank Indonesia since 2018. Previously he Sekolah Tinggi Akuntansi Negara, 1987
held the following positions: Member of Audit Committee of PT Jasa Angkasa • Risk Management Cerificate -
Semesta Tbk and PT Cardiq Aero Services Tbk (2012 - August 2021); Member Qualification 7
of Audit & Risk Oversight Committee of Maybank Indonesia (2012-April 2018);
Member of Audit Committee of PT Indonesia Infrastruktur Finance (2012-
March 2018); Member of Audit & Risk Oversight Committee of Bank Barclays
Agus Kretarto Indonesia (2009 - June 2011); Member of Risk Oversight Committee of BII
(2008-2012); Board Member of DKI Jakarta Water Supply Regulatory Agency
(2005-2011); Member of Audit Committee of BII (2003-2008); Compliance
Director of Bank Harmoni Internasional (2002-2003); GM Corporate Secretary
of PT Mustika Ratu Tbk (2001), Head of Planning & Development Division
and Corporate Secretary (1995-2000) and Head of SKAI of PT Bank Rama Tbk.
(1993-1994); Auditor of BPKP at State-Owned Banks (1987-1992); and Auditor of
several State-Owned Enterprises, State Projects & World Bank Projects (1982-
1984).
*) At the time the composition of the committee membership was determined, Daniel James Rompas still waiting for the results of the OJK's Fit and Proper Test
approval, therefore until the OJK Fit and Proper Test approval received, his capacity on the committee was only as an observer.
Term of Office
The composition of the Risk Oversight Committee as mentioned above is valid until the closing of the Annual General Meeting of
Shareholders in 2027, unless any member of the Risk Oversight Committee resigns, or no longer works for the Company, or if the Board
of Commissioners decides to change the composition of the Risk Oversight Committee (whichever occurs first).
Independence of Risk Oversight Committee Members
The composition of the Risk Oversight Committee members from Independent Commissioners and Independent Parties exceeds the
minimum requirement of more than 50% of the total members of the Risk Oversight Committee. All independent members of the Risk
Oversight Committee have met all independence criteria and are able to carry out their duties independently, and uphold the interests
of the Bank.
Main Duties
1. Review material risk management policies developed by management for recommendation and approval by the BOC; and ensure
that risk management policies are at least in accordance with the guidelines for all types of risks set by the regulator.
2. Evaluate the conformity of risk management policies with the implementation of bank policies.
3. Review any non-compliance with prudential rules and with the policy and control framework established by the relevant units.
4. Monitor and evaluate the implementation of the duties of the Risk Management Committee and the Risk Management Work Unit.
5. Providing advice to the BOC on relevant information arising from its risk oversight and responsibilities.
Duties Implementation Report 2024
1. Periodically review and assess:
a. Developments in the global economy, domestic, banking, regulatory changes and the business environment in general and
evaluate their impact on bank/company risk management.
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b. Monthly Enterprise Risk c. Industry 2024.
Dashboard (ERD) & Risk Heat d. LLL for MUFG Group.
Map. e. ICEL increase for Salim Group
c. Quarterly Risk Profile. f. Alteration of Consumer & Community Protection Policy.
d. Risk Based Bank Rating (RBBR) g. Internal Reallocation of Industry Limit for Mining & Quarrying.
semi-annual approval of the h. Annual Review of Recovery Plan FY 2025
Board of Commissioners. i. Change in Credit Committee Structure & Its Authority; and Charge-off Authority.
e. Market risk and liquidity risk. j. Debtor Threshold Limit
f. Business update covering k. Company Regulation on Good Corporate Governance.
portfolio development in credit/ l. Review of Company Regulation on AML/CFT/ PPSPM.
financing & deposits compared
to targets, as well as significant Committee Meetings and Attendance Rate
changes, NIM and profitability. The Risk Oversight Committee Charter stipulates that regular monthly meetings of
g. Credit risk covering NPL, LAR & the Risk Oversight Committee shall be held prior to regular meetings of the Board of
Watchlist, 25 largest and high- Commissioners. Any ad hoc meeting may be held upon special request. Notice of the
risk debtors/obligors, progress time, place, agenda and materials of the meeting shall be given to each member not less
of remedial process including than 48 hours prior to the time of the meeting.
write-offs and adequacy of
provisioning. Regarding quorum, the Risk Oversight Committee meetings are attended by at least
h. Maximum Lending Limit (LLL) 51% of the Committee Members, including at least one Independent Commissioner and
and Internal Counterparty Limit. Independent Party. Based on the meeting, the Risk Oversight Committee will provide
i. Operational risk dash-board a report to the BOC. This report may consist of any subject as recommendation for
covering risk incidents including approval and/or ratification and/or provide information to the BOC.
actual losses, potential losses,
and near misses, KRI and trend of During 2024, the Risk Oversight Committee held 12 meetings, with the attendance of
incident frequency, members as follows:
j. Information technology (IT) &
cyber risk. Attendance at Risk
k. Evaluate compliance risks, Name Position Oversight Committee
Meetings
including functions of Anti-
Money Laundering (AML) Hendar Chairman and Member 11 times (91.67%)
& Countering Financing of
Marina Tusin Member 8 times (88.88%) *
Terrorism (CFT).
Achjar Iljas Member 12 times (100%)
l. Monitor compliance status
against established Risk Appetite Putut Eko Bayuseno Member 12 times (100%)
Statements (RAS). recovery plan Edwin Gerungan Member 11 times (91.67%)
indicators. Datuk Lim Hong Tat Member 12 times (100%)
m. Monitor the follow-up of
Dato’ Zulkiflee Abbas Abdul Member 11 times (91.67%)
significant findings of external Hamid
supervisors such as OJK & PPATK Daniel James Rompas Member 2 times (100%) **
related to risk management.
Irma Savitry Member 9 times (100%) ***
2. Evaluation of risk management
Agus Kretarto Member/Secretary 12 times (100%)
policies conducted during 2024
by the Risk Oversight Committee *) since April 2024
**) since November 2024
covering: ***) since April 2024
a. Revision of Company Regulation
on Capital Investment Policy.
b. Risk Appetite Statements & RCP
Tahun 2024.
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NOMINATION AND REMUNERATION 8. Circular Letter of the Financial Services Authority No. 39/
COMMITTEE SEOJK.03/2016 concerning Capability and Appropriateness
The Nomination and Remuneration Committee is established Assessment for candidates for Controlling Shareholders,
to review and provide recommendations to the Board of Candidates for members of the Board of Directors, and
Commissioners in carrying out its oversight function on the Candidates for Members of the Board of Commissioners of
implementation of nomination and remuneration policies for Banks.
the Board of Commissioners, the Board of Directors, Shariah 9. Circular Letter of the Financial Services Authority No. 40/
Supervisory Board, Independent members of the Board of SEOJK.03/2016 on the Implementation of Governance in
Commissioners Committees, and Executive Vice President. Providing Remuneration for Commercial Banks.
10. Bank Indonesia Regulation No. 11/33/PBI/2009 on the
Legal Basis Implementation of Good Corporate Governance for Shariah
The Nomination and Remuneration Committee is established Commercial Banks and Shariah Business Unit.
based on the following provisions: 11. The Bank’s Articles of Association.
1. Financial Services Authority Regulation No. 2 of 2024
concerning the Implementation of Sharia Governance for Articles of Association of the Bank.
Sharia Commercial Banks and Sharia Business Units. Nomination and Remuneration Committee Charter
2. Financial Services Authority Regulation No. 17 Year 2023 The Nomination and Remuneration Committee has a Nomination
on the Implementation of Corporate Governance for and Remuneration Committee charter that regulates the duties
Commercial Banks. and responsibilities, membership and structure, meetings
3. Financial Services Authority Regulation Number 59/ and activities, authority, term of office, and procedures of the
POJK.03/2017 concerning the Implementation of Governance Nomination and Remuneration Committee. The Bank’s disclose
in Providing Remuneration for Shariah Commercial Banks the Charter of the Nomination and Remuneration Committee on
and Shariah Business Units. the Bank’s website, and is reviewed periodically to comply with
4. Financial Services Authority Regulation No. 27/POJK.03/2016 applicable regulations.
concerning Capability and Appropriateness Assessment for
Main Parties of Financial Services Institutions. Composition of Nomination and Remuneration
5. Financial Services Authority Regulation Number 45/ Committee Members
POJK.03/2015 concerning the Implementation of Governance The membership, composition, and independence of the
in Providing Remuneration for Commercial Banks. Nomination and Remuneration Committee members have
6. Financial Services Authority Regulation No. 34/ met the applicable regulations. Members of the Nomination
POJK.04/2014 on the Nomination and Remuneration and Remuneration Committee are appointed by the Board of
Committee of Issuers or Public Companies. Commissioners based on the Decree of the Company’s Board of
7. Financial Services Authority Circular Letter No. 13/ Directors No. SK.2024.002/DIRHC dated 2 April 2024.
SEOJK.03/2017 Concerning the Implementation of
Governance for Commercial Banks.
Composition of Nomination and Remuneration Committee Members in 2024:
No Name Position in the Company Position in the Committee Term of Office
1 Budhi Dyah Sitawati 1)
Independent Commissioner Chairperson and Member 2021 – 2024
2 Marina Tusin 2) Independent Commissioner • Observer 2024 – 2027
• Chairperson and Member
3 Hendar 3) Independent Commissioner • Chairman and Member 2024 – 2027
• Member
4 Putut Eko Bayuseno 4) Independent Commissioner Member 2024 - Marina Tusin
received OJK approval
on 19 July 2024, to meet
the adequacy of the
composition of Independent
Commissioners.
5 Edwin Gerungan Non-Independent Commissioner Member 2024 – 2027
6 Dato’ Khairussaleh Ramli President Commissioner and Member 2024 – 2027
Non-Independent Commissioner
7 Nelda Victoria Siburian Executive Officer Member and concurrent Executive 2024 – 2027
Secretary
Description:
1) Until the Bank's GMS, 1 April 2024.
2) - To be an observer starting from his appointment in the Bank's GMS, 1 April 2024, until obtaining OJK approval on 19 July 2024.
- Became Chairman of Nomination and Remuneration after obtaining OJK approval on 19 July 2024.
3) - Became Chairman of the Nomination and Remuneration Committee from the Bank's AGM, 1 April 2024, until Marina Tusin obtained OJK approval on 19 July
2024.
- Became a Member of the Nomination and Remuneration Committee after Marina Tusin received OJK approval on 19 July 2024.
4) Become a Member of the Nomination and Remuneration Committee from the Bank's GMS, 1 April 2024, until Marina Tusin obtains OJK approval on 19 July
2024, to meet the adequacy of the composition of Independent Commissioners.
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Thus, the composition of the Bank’s Nomination & Remuneration Committee at the end of 2024:
No Name Position in the Company Position in the Committee Term of Office
1 Marina Tusin Independent Commissioner Chairperson and Member 2024 – 2027
2 Hendar Independent Commissioner Member 2024 – 2027
3 Edwin Gerungan Independent Commissioner Member 2024 – 2027
4 Dato’ Khairussaleh Ramli President Commissioner and Member 2024 – 2027
Non-Independent Commissioner
5 Nelda Victoria Siburian Executive Officer Member and concurrent Executive 2024 – 2027
Secretary
Qualification and Profile of Nomination and Remuneration Committee Members
Membership Profile Career Background Education
She serves as Chairperson and member of the Nomination and Remuneration Listed in the Board of Commissioners
Committee. Details of her experience and qualifications can be found in the Profile.
Board of Commissioners Profile in the Company Profile chapter.
Marina Tusin
He serves as a member of the Nomination and Remuneration Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Hendar
He serves as a member of the Nomination and Remuneration Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Edwin Gerungan
He serves as a member of the Nomination and Remuneration Committee. Listed in the Board of Commissioners
Details of his experience and qualifications can be found in the Board of Profile.
Commissioners Profile in the Company Profile chapter.
Dato’ Khairussaleh
Ramli
She serves as Member and Executive Secretary of the Nomination and Listed in the Executive Officer Profile.
Remuneration Committee. Full profiles are listed in the Executive Officer
Profiles.
Nelda Victoria Siburian
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Training of Nomination and Remuneration Committee Members during 2024
Name of Training/Seminar/ Date
Name Position
Workshop/Sharing Knowledge Start End
Marina Tusin Chairperson and Member of Nomination and Remuneration Committee
Details of her training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub
Chapter in this Corporate Governance chapter.
Hendar Member of Nomination and Remuneration Committee
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub
Chapter in this Corporate Governance chapter.
Edwin Gerungan Member of Nomination and Remuneration Committee
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub
Chapter in this Corporate Governance chapter.
Dato’ Khairussaleh Member of Nomination and Remuneration Committee
Ramli
Details of his training can be seen in the Board of Commissioners Training Program in the Board of Commissioners Sub
Chapter in this Corporate Governance chapter.
Nelda Victoria Siburian Member of Nomination SMR Refreshment Level 5 09 January 24 10 January 24
and Remuneration
SMR Recertification Level 5 05 March 24 05 March 24
Committee
SRA Training 26 April 24 26 April 24
World HR Congress (WHRC) 2024 14 May 24 16 May 24
Women Council 17 May 24 17 May 24
Personal Data Protection 14 June 24 14 June 24
Industrial Update: Renewable Industry 07 August 24 07 August 24
MGSW Talkshow 04 September 24 04 September 24
Workshop Employer Value Proposition 15 October 24 16 October 24
Future of Work AI-Driven Banking 17 October 24 17 October 24
OD Alignment Workshop 25 October 24 25 October 24
M25+ Grand Showcase 12 November 24 12 November 24
Human Capital Training & Townhall 28 November 24 28 November 24
Term of Office
The composition of the Nomination and Remuneration Committee valid until the closing of the Annual General Meeting of Shareholders
in 2027, unless any member of the Nomination and Remuneration Committee resigns, or no longer works for the Company, or if the
Board of Commissioners decides to change the composition of the Nomination and Remuneration Committee (whichever occurs first).
Independence of Nomination and Remuneration Committee Members
All members of the Nomination and Remuneration Committee have met all independence criteria and are able to carry out their duties
independently, uphold the interests of the Bank and cannot be influenced by any party.
Duties and Responsibilities
The Nomination and Remuneration Committee has duties and responsibilities to provide recommendations to the Board of
Commissioners as follows:
A. Nomination Area
1. Provide recommendations to the Board of Commissioners regarding the composition of the positions of members of the Board
of Directors and/or members of the Board of Commissioners (number, competence, ability, and balance of independent and non-
independent status).
2. Determine the procedures, policies, and criteria required in the nomination process for the appointment and/or replacement
of the Board of Commissioners, Board of Directors, Shariah Supervisory Board, independent members of the Board of
Commissioners Committees, and Executive Vice President.
3. Provide recommendations regarding candidates to become members of the Board of Commissioners, Board of Directors, and
Shariah Supervisory Board, based on the competence, ability, and experience of each individual to be nominated to the Board of
Commissioners, and then submitted to the General Meeting of Shareholders.
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4. Provide recommendations to the Board of Task Implementation Report 2024
Commissioners regarding candidates to become During 2024, the Nomination and Remuneration Committee has
independent members of the Board of Commissioners carried out activities and provided several recommendations
Committees based on the competence, ability, and including the following:
experience of the nominated individuals. 1. Provide recommendations on the nomination of candidates
5. Review and approve suitable candidates to serve as for the appointment and/or replacement of members of the
Executive Vice President based on the endorsement of Board of Directors, Board of Commissioners, and Shariah
the Board of Directors. Supervisory Board, which will be submitted to the General
6. Assist and/or recommend to the Board of Commissioners Meeting of Shareholders.
regarding the promotion, confirmation and termination 2. Provide recommendations on the nomination of candidates
of service of members of the Board of Directors. for Independent Committee Members and Executive Vice
7. Assist and/or provide recommendations to the Board of President candidates to fill the required positions.
Commissioners regarding the terms and conditions of 3. Provide recommendations on the changes in the composition
appointment or dismissal of members of the Board of of the Board of Commissioners Committees for the 2024-
Commissioners. 2027 period.
8. Evaluate and provide recommendations to the Board 4. Provide recommendations on the remuneration for members
of Commissioners on potential candidates for the of the Board of Directors, Board of Commissioners, and
nomination of the Board of Commissioners and President Shariah Supervisory Board, which will be submitted to the
Director of the Bank’s subsidiaries. General Meeting of Shareholders.
9. Undertake the process of identifying the quality of Board 5. Provide recommendations on the remuneration for
of Directors and/or Board of Commissioners members candidates for Independent Committee Members and
aligned with the Bank’s strategic directions. candidates for Executive Vice President.
6. Provide recommendations on the Nomination and
B. Remuneration Area Remuneration Committee regarding the implementation of
1. Provide recommendations to the Board of remuneration policies and employee retention strategies in
Commissioners regarding procedures for reviewing the general, taking into account the principles of governance
structure, policies and remuneration plans as well as in providing remuneration in accordance with applicable
terms and conditions for the Board of Commissioners regulatory provisions, including and not limited to Material
and Board of Directors to be submitted to the General Risk Taker officials.
Meeting of Shareholders. 7. Provide recommendations on the evaluation results of the
2. Evaluate and provide recommendations to the Board Board of Directors’ performance in 2023 and approved
of Commissioners regarding remuneration policies the framework for evaluating the Board of Directors’
and/or plans and terms and conditions of service for performance in 2024.
independent members of the Board of Commissioners 8. Provide recommendations on the performance assessment
and Shariah Supervisory Board Committees. framework of the Board of Commissioners and Board of
3. Provide recommendations to the Board of Commissioners level Committees in 2023, namely Board
Commissioners in connection with remuneration policies Effectiveness Evaluation.
for employees in general, including and not limited to the 9. Provide recommendations on the talent management
determination of Material Risk Taker officials every year. process, including building a succession plan for members of
4. Ensure remuneration decisions are based on risk and the Board of Directors.
performance considerations, alignment with financial 10. Provide recommendations on the recommendations and
performance as well as fulfillment of reserves as ensure that members of the Board of Directors and Board
applicable provisions and potential future income of of Commissioners receive appropriate and continuous
the Bank, performance assessment results, equality development in order to keep abreast of the latest
with other similar banks, as well as long-term goals and developments in the industry.
strategies of the Bank.
5. Propose and recommend to the Board of Commissioners Meetings and Attendance of Nomination and
the appointment of members of the Board of Directors. Remuneration Committee
The Bank also have measurable standards to align In accordance with the provisions stipulated in the Charter, the
the performance-based remuneration of the Board of Nomination and Remuneration Committee is required to hold
Directors with long-term interests of the Bank, such as meetings at least 1 (one) time every 4 (four) months which can be
claw back provision and deferred bonuses. held in the form of physical or online meetings. Meetings must
also be attended by at least 51% of the total members, including
1 (one) Independent Commissioner and Executive Officer, and
attended by the Chairman of the Committee.
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During 2024, the Nomination and Remuneration Committee met 6 (six) times with the attendance rate in accordance with the
Nomination and Remuneration Committee Charter.
The Bank does not have a separate Nomination and Remuneration Committee, therefore the Nomination and Remuneration Committee
meetings discuss the nomination and remuneration agenda in one committee forum. Of the 6 (six) Nomination and Remuneration
Committee meetings held in 2024, there were at least 6 (six) meetings that discussed the Nomination and/or Remuneration agenda.
Total Attendance at Meetings
No Name Position on the Committee Attendance Percentage
Nomination & Remuneration Committee
1 Budhi Dyah Sitawati 1) Chairperson and Member 3 [out of 3] 100%
2 Marina Tusin 2) • Observer 3 [out of 3] 100%
• Chairperson and Member
3 Hendar 3) • Chairman and Member 6 [out of 6] 100%
• Member
4 Putut Eko Bayuseno 4) Member 1 [out of 1] 100%
5 Edwin Gerungan Member 6 [out of 6] 100%
6 Dato’ Khairussaleh Ramli Member 6 [out of 6] 100%
7 Nelda Victoria Siburian Member and concurrent 6 [out of 6] 100%
Executive Secretary
Description:
1) Until the Bank's GMS, 1 April 2024.
2) - To be an observer starting from his appointment in the Bank's GMS, 1 April 2024, until obtaining OJK approval on 19 July 2024.
- Became Chairman of Nomination and Remuneration after obtaining OJK approval on 19 July 2024.
3) - Became Chairman of the Nomination and Remuneration Committee from the Bank's AGM, 1 April 2024, until Marina Tusin obtained OJK approval on 19 July
2024.
- Became a Member of the Nomination and Remuneration Committee after Marina Tusin received OJK approval on 19 July 2024.
4) Become a Member of the Nomination and Remuneration Committee from the Bank's GMS, 1 April 2024, until Marina Tusin obtains OJK approval on 19 July
2024, to meet the adequacy of the composition of Independent Commissioners.
Board of Directors Succession Planning
The Nomination and Remuneration Committee reviews and provides recommendations to the Board of Commissioners on the
nomination and succession planning of the Bank’s Directors to ensure the growth and sustainability of the Bank. The Committee will
review the Bank’s Board of Directors from various aspects such as resources, nomination succession plans, development activities as
well as the performance of the Board of Directors on a regular basis. Succession planning for the Board of Directors is also conducted in
accordance with the provisions set out in the Nomination and Remuneration Committee Charter as follows:
1. Review the talent management process, including establishing succession and development planning for members of the Board of
Directors.
2. Monitor and provide input to the Board of Directors with respect to the leadership development framework, succession planning
and development for Directors to ensure continuity of succession planning.
3. Provide recommendations and ensure that the members of the Board of Directors receive appropriate and continuous development
and are aware of the latest developments in the industry.
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INTEGRATED GOOD CORPORATE Integrated Good Corporate Governance Committee
GOVERNANCE COMMITTEE Guidelines
Together with the FSIs that are members of the Maybank Maybank Indonesia as the Main Entity has Guidelines that
Indonesia Financial Conglomeration (“MIFC”), Maybank refer to conservative regulations as a guide for FSIs in MIFC
Indonesia implements integrated Corporate Governance to implement Governance, therefore as to encourage quality
comprehensively and effectively based on OJK Regulation No. 18/ improvement in the implementation of IGCG. By implementing
POJK.03/2014 on the Implementation of Integrated Governance IGCG, it will encourage the Financial Conglomeration to have
for Financial Conglomeration. Maybank Indonesia as the Main more prudent Governance in accordance with the principles of
Entity together with MIFC Member FSIs continuously improve transparency, accountability, responsibility, independency or
the Governance structure and process so as to produce good professionalism, and fairness. The IGCG Guidelines are reviewed
Integrated Governance. periodically to be in accordance with the applicable provisions
and conditions. The IGCG for MIFC Guidelines have been
The Board of Commissioners of Maybank Indonesia as the Main updated several times since its issuance and can be accessed on
Entity established the Integrated Good Corporate Governance the Bank’s website. The Board of Directors of Maybank Indonesia
Committee (IGCG), with the aim of assisting and facilitating the as the Main Entity has submitted these Integrated Good
Board of Commissioners in carrying out its duties and functions Corporate Governance Committee (along with any amendments)
of supervising the implementation of Governance at each to the Board of Directors of the MIFC Member FSIs to be used
Financial Services Institution (FSI) in MIFC in accordance with as a guideline for the Member FSIs in preparing the governance
the Integrated Governance Guidelines. The IGCG Committee guidelines at each MIFC Member FSI.
also functions to provide direction or advice to the Board of
Directors of Maybank Indonesia on the implementation of the Corporate Charter
Integrated Governance Guidelines, and evaluate the Integrated In accordance with OJK Regulation No. 45/POJK.03/2020 on
Governance Guidelines and direct them for improvement. Financial Conglomeration ("OJK Regulation 45/2020"), the Main
Entity is required to prepare and have a Corporate Charter.
Legal Basis for the Establishment of the Integrated Maybank Indonesia as the Main Entity in Maybank Indonesia
Good Corporate Governance Committee Financial Conglomeration has issued the Corporate Charter in
1. OJK Regulation No. 18/POJK.03/2014 on the Implementation December 2020. This Corporate Charter contains:
of Integrated Governance for Financial Conglomeration. a. Objectives, basis of preparation, and scope;
2. OJK Circular Letter No. 15/SEOJK.03/2015 dated 25 May b. Structure of the Financial Conglomeration; and
2015 on the Implementation of Integrated Governance for c. Duties and responsibilities of the board of directors of the
Financial Conglomeration; Main Entity and the Board of Directors of the Financial
3. OJK Regulation No. 17 Year 2023 on the Implementation of Services Institutions that are members of the Financial
Governance for Commercial Banks; Conglomeration.
4. OJK Regulation No. 30 Year 2024 on Financial
Conglomeration and Holding Company of Financial The scope of duties and responsibilities for the management of
Conglomeration; the Financial Conglomeration between the Main Entity and the
5. Articles of Association of Maybank Indonesia and its member FSIs of the Financial Conglomeration shall be adjusted
amendments; to the characteristics and complexity of the business of the
6. MIFC Integrated Good Corporate Governance Guidelines; Financial Conglomeration. The Corporate Charter as referred
7. Corporate Charter; to shall be signed by the Board of Directors of the Main Entity
8. Integrated Good Corporate Governance Committee Charter; and the Board of Directors of the member FSIs of the Financial
9. Board of Directors Decree No. 2024.015/PRESDIR dated Conglomeration.
11 November 2024 determining the membership of the
Integrated Good Corporate Governance. OJK Regulation No. 30 of 2024 Concerning Financial
Conglomeration and Financial Conglomeration Holding
Integrated Good Corporate Governance Committee Companies ("OJK Regulation 30/2024") which was promulgated
Charter on 23 December 2024, states that OJK Regulation 45/2020 is
Maybank Indonesia has an IGCG Committee Charter is revoked and no longer valid. As in OJK Regulation 30/2024,
which serves as a guideline in carrying out the duties and PIKK is required to prepare and have a Financial Conglomeration
responsibilities of the IGCG Committee. The IGCG Committee Corporate Charter. Maybank Indonesia meets the criteria as
Charter regulates the membership, structure, authority, duties a financial Conglomeration as in accordance with Article 2
and responsibilities, meetings, activities and work procedures paragraph (1) of OJK Regulation No. 30/2024, therefore Maybank
for the IGCG Committee in carrying out its functions. The Indonesia will submit an application for the establishment
IGCG Committee Charter was issued based on the approval of of a Financial Conglomeration Holding Company to OJK, 6
Maybank Indonesia Board of Commissioners. The most recent (six) months from the issuance of OJK Regulation 30/2024.
version was determined through Board of Directors Decree letter Immediately after the Financial Conglomeration Holding
dated 2 April 2024 and has been uploaded on the Bank’s website. Company is formed, Maybank Indonesia will create and determine
the Corporate Charter as referred to in OJK Regulation 30/2024.
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Composition of Integrated Good Corporate Governance Committee Members
In order to carry out its duties in relation to IGCG in MIFC, the Bank’s Board of Commissioners has established IGCG Committee. In
accordance with OJK Regulation No. 18/2014, the IGCG Committee membership consists of at least:
1. an Independent Commissioner who is the Chairman of one of the committees in the Main Entity, as chairman and member;
2. an Independent Commissioner representing and appointed from a FSI within the Financial Conglomeration, as a member;
3. an independent party, as a member; and
4. a member of the Sharia Supervisory Board of the FSI in the Financial Conglomeration, as a member.
5. Membership of the Independent Commissioner, independent party and member of the Sharia Supervisory Board on the Integrated
Good Corporate Governance Committee in the Financial Conglomeration shall not be counted as concurrent positions.
6. The number and composition of Independent Commissioners who become members of the IGCG Committee are adjusted to the
needs of the Financial Conglomeration as well as the efficiency and effectiveness of the IGCG Committee’s duties by taking into
account at least the representation of each financial services sector.
Members of the IGCG Committee of Maybank Indonesia Financial Conglomeration were most recently appointed based on the
Decree of the Board of Commissioners and determined by the Bank’s Board of Directors through the Decree of the Board of Directors
No.SK.2024.015/PRESDIR dated 11 November 2024, with the following composition:
Name Position in Committee LJK Position in the Financial Institution
Hendar Chairperson and Member MBI Independent Commissioner
Daniel James Rompas* Observer MBI Independent Commissioner
Agus Kretarto Member MBI Independent Party
Dr K.H.M.Sodikun,M.Si.,M.E. Member MBI Sharia Supervisory Board
I Nyoman Tjager Member MSI Independent Commissioner
Herwan Ng Member MIF Independent Commissioner
Myrnie Zachraini Tamin Member WOM Independent Commissioner
Freddy Hendradjaja Member MAM Independent Commissioner
Didit Mehta Pariadi Member EII Independent Commissioner
*) At the time the composition of the committee membership was determined, Daniel James Rompas still waiting for the results of the OJK's Fit and Proper Test
approval, therefore until the OJK Fit and Proper Test approval received, his capacity on the committee was only as an observer
Qualification and Profile of Integrated Good Corporate Governance Committee Members
Name Work Experience Background
Chairperson and Member
Independent Commissioner of PT Bank Maybank Indonesia, Tbk
Appointed as Chairperson of the Integrated Good Corporate Governance Committee based on the resolution of the
Board of Commissioners meeting dated 25 March 2024.
Full profile is presented in the Board of Commissioners Profile section in this Annual Report.
Hendar
Independent Commissioner of PT Bank Maybank Indonesia, Tbk
Appointed as a member of the Integrated Good Corporate Governance Committee based on the resolution of the Board
of Commissioners meeting dated 27 September 2024.
Full profile is presented in the Board of Commissioners Profile section in this Annual Report.
Daniel James Rompas
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Name Work Experience Background
Independent Party PT Bank Maybank Indonesia, Tbk
Appointed as a member of the Integrated Good Corporate Governance Committee since 6 April 2018.
Full profile is presented in the Independent Party Profile section in this Annual Report.
Agus Kretarto
Sharia Supervisory Board of PT Bank Maybank Indonesia, Tbk
Appointed as a member of the Integrated Good Corporate Governance Committee based on the resolution of the Board
of Commissioners meeting dated 25 March 2024.
Full profile is presented in the Sharia Supervisory Board Profile section in this Annual Report.
Dr K.H.M.Sodikun,M.
Si.,M.E.
Independent Commissioner of PT Maybank Sekuritas Indonesia
Appointed as a member of the Integrated Good Corporate Governance Committee on 20 July 2018.
Educational Background
He had completed his undergraduate education at the Faculty of Law, Gadjah Mada University, Yogyakarta (1976),
then obtained a Master of Economics at Fordham University, New York – USA (1987) and completed his Law Doctoral
Program at Gadjah Mada University, Yogyakarta, in 2003.
I Nyoman Tjager Working Experience
He has started his career at the Capital Market Supervisory Agency (BAPEPAM) of the Ministry of Finance in the Law
and Legislation division from 1979 to 1999 and his last position was Head of BAPEPAM's Legal Bureau. In 1999-2000,
he served as Assistant for Minister of State for Investment for National Business Empowerment/Deputy for National
Business Development-Investment Coordinating Board (BKPM), Deputy Minister/Deputy Head of BKPM and BUMN
Development for Restructuring and Privatisation, and Secretary to the Minister of State/Main Secretary of BKPM and
BUMN Development. In 2000-2001 as Director General of BUMN Development, Ministry of Finance. In 2001-2005 he
served as Senior Advisor (Staff Ahli) to the State Minister for State-Owned Enterprises for Small Business Partnerships.
In 2016-2020 as Senior Advisor & Senior Specialist (Experts) for the Special Task Force Supervisory Commission for
Upstream Oil and Gas Business Activities (SKK Migas).
Apart from serving in government, he also served as Commissioner in several companies during 1993-2020, namely as
Commissioner of PT Pelayaran Samudera Djakarta Lloyd, Main Commissioner of PT Kustodian Sentral Efek Indonesia
(KSEI), Commissioner of PT Pupuk Kalimantan Timur Tbk. (Persero), Commissioner of PT Bhakti Capital Investment
Indonesia Tbk., Commissioner and Chairman of the Audit Committee of PT Bank Lippo Tbk, President Commissioner
of PT Bursa Efek Indonesia, Independent Commissioner & Chairman of the Audit Committee of PT Ancora Indonesia
Resources Tbk., Independent Commissioner & Deputy Chair of the GCG Committee, Nomination & Remuneration
of AJB Bumiputera 1912, Deputy President Commissioner/Independent Commissioner & Chairman of the Audit
Committee of PT Indocement Tunggal Prakarsa Tbk., and President Commissioner of PT Hanson International Tbk., Main
Commissioner/Independent Commissioner & Chairman of the Audit Committee of
PT Sorini Agro Asia Corporindo Tbk. and also, as President Commissioner/Independent Commissioner & Chairman of
the Audit Committee of PT Wahana Ottomitra Multiartha Tbk.
Since 2011 and up to this day, Pak Nyoman has served as Member of the Audit Committee & Risk Monitoring Committee
of PT Bank Nationalnobu Tbk., Independent Commissioner and Chairman of the Audit Committee of PT Home Credit
Indonesia and PT Sentul City Tbk. During November 2016 – January 2020 he served as Senior Advisor for Planning for
the Supervisory Commission of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas).
Concurrent Positions
- Member of the Audit Committee & Risk Monitoring Committee of PT Bank Nationalnobu Tbk.;
- Independent Commissioner and Chairman of the Audit Committee of PT Home Credit Indonesia;
- Independent Commissioner and Chairman of the Audit Committee of PT Sentul City Tbk.
Affiliate Relations
He does not have any affiliated, financial, management, and family relationship with other members of The Board of
Commissioners, members of The Board of Directors, nor with Majority and Controlling Shareholders.
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Name Work Experience Background
Independent Commissioner of PT Maybank Indonesia Finance
Appointed as a member of the Integrated Good Corporate Governance on 25 March 2024.
Educational Background
Indonesian Citizen. He had completed his Bachelor’s degree in Economy from Tarumanagara University in 1995, Master
Business Administration from Edinburgh Business School in 2010, and Diploma on Corporate Governance Program from
Corporate Governance Institute in 2023.
Herwan Ng Work Experience
Prior to his appointment as Independent Commissioner of PT Maybank Indonesia Finance, he had several experiences as:
- Associate to Senior Manager, PwC Indonesia and Netherlands (1995-2005);
- Chief Financial Officer (CFO), Rio Tinto Indonesia (2005 – 2018);
- Audit Committee, PT Maybank Indonesia Finance (2015 – 2021)
- Independent Commissioner, PT Hewlett Packard Finance Indonesia (2016 – 2022)
- Audit Committee & Risk Oversight Committee, PT Caterpillar Finance Indonesia (2021 – present)
- Risk Oversight Committee, PT Maybank Indonesia Finance (2022 – 2024)
- Independent Commissioner, PT Asuransi Bina Dana Arta, Tbk (2023 – present)
- Independent Commissioner, PT FKS Multi Agro, Tbk (2024 – present).
Concurrent Positions
Until present, he is concurrently positioned as Independent Commissioner of PT Asuransi Bina Dana Arta, Tbk since
2023 and Independent Commissioner of PT FKS Multi Agro, Tbk since June 2024.
Affiliate Relations
He does not have any affiliated, financial, management, and family relationship with other members of The Board of
Commissioners, members of The Board of Directors, nor with Majority and Controlling Shareholders.
Independent Commissioner of PT Wahana Ottomitra Multiartha, Tbk
Appointed as a member of the Integrated Good Corporate Governance on 22 May 2015.
Educational Background
She obtained a Bachelor’s degree in Accounting, Faculty of Economics from the University of Indonesia, Jakarta (1987)
and a Master’s in Business Law, Faculty of Law from Padjadjaran University, Bandung (2006).
Work Experience
Myrnie Zachraini Tamin 1. Director KAP Hadi Sutanto & Partner (Price Waterhouse) (1987 - 2004).
2. Non-Equity Partner KAP Haryanto Sahari & Partner (Pricewaterhousecoopers) (2004 - 2007).
3. Lecturer of Bakrie Education Foundation (2007 -2009).
4. Consultant of Tass Consulting (2007 - 2010).
5. Member of Audit Committee of PT Indo Tambangraya Megah Tbk (2008 - 2012).
6. Independent Commissioner of PT Wahana Ottomitra Multiartha Tbk (2010 - present).
7. Chairman of Audit Committee of PT Wahana Ottomitra Multiartha Tbk (2011 - 2014).
8. Member of Audit Committee of PT Bumi Resources Tbk (2012 - 2022).
9. Member of Management Board of Indonesian Audit Committee Association (2013 - 2016).
10. Member of Audit Committee of PT Sarana Menara Nusantara Tbk (2013 - 2018).
11. Member of Audit Committee of Koperasi Mitra Dhuafa (Komida) (2014 - present).
12. Member of Integrated Good Corporate Governance of Maybank Indonesia Financial Conglomeration - PT Bank
Maybank Indonesia Tbk (2015 - present).
13. Chairman of Indonesia Audit Committee Association (2016 - 2019).
14. Chairman of Audit Committee of PT Wahana Ottomitra Multiartha Tbk (2016 - 2020).
15. Member of Audit Committee ofPT Profesional Telekomunikasi Indonesia (Protelindo) (2018 – June 2024).
16. Member of Certification Board of Indonesian Audit Committee Association (2019 - 2022).
17. Member of Audit Committee ofPT Medikaloka Hermina Tbk (2020 - present).
18. Member of Audit Committee of the University of Indonesia (2020 – June 2024).
19. Member of Risk Oversight Committee of PT Bumi Resources Tbk (2022 - present).
20. Member of Audit Committee of PT AirAsia Indonesia Tbk (2023 - present).
21. Chairman of Nomination and Remuneration Committee of PT Wahana Ottomitra Multiartha Tbk (March 2024 –
November 2024).
22. Chairman of Audit Committee of PT Wahana Ottomitra Multiartha Tbk (March 2024 – November 2024)
23. Chairman of Risk Oversight Committee of PT Wahana Ottomitra Multiartha Tbk (October 2024 - present).
Concurrent Positions
1. Independent Commissioner of PT Wahana Ottomitra Multiartha Tbk (2010 - present).
2. Member of Audit Committee of Koperasi Mitra Dhuafa (Komida) (2014 - present).
3. Member of Audit Committee of PT Medikaloka Hermina Tbk (2020 - present).
4. Member of Risk Oversight Committee of PT Bumi Resources Tbk (2022 – present)
5. Member of Audit Committee of PT AirAsia Indonesia Tbk (2023 - present).
6. Chairman of Risk Oversight Committee of PT Wahana Ottomitra Multiartha Tbk (October 2024 - present).
Affiliated Relationship
Has no affiliations in financial relationships and family relationships with members of the Board of Directors of
PT Wahana Ottomitra Multiartha Tbk, other members of the Board of Commissioners of PT Wahana Ottomitra Multiartha
Tbk, and also with the Major Shareholders and Controlling Shareholders of PT Wahana Ottomitra Multiartha Tbk.
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Name Work Experience Background
Independent Commissioner of PT Maybank Asset Management
Appointed as a member of the Integrated Good Corporate Governance since the Board of Commissioners meeting on
22 July 2022.
Educational background
Indonesian citizens. He has a Master of Business Administration degree in International Finance from Brandeis
University, United States and a Bachelor of Economics degree from the University of Indonesia.
Freddy Hendradjaja Work Experience
He was appointed as Independent Commissioner of PT Maybank Asset Management in June 2022. He has more than 20
years of experience in the capital markets industry, including serving as Portfolio Manager at Bahana TCW Investment
Management, Head of Alternative Investments at Danareksa Investment Management, Associate Director at Danareksa
Capital, and Chief Investment Officer at Lippo Securities. Currently he also serves as Co-founder & Commissioner/
Chairman of the Board of the P2P lending company PT Kredit Plus Teknologi (Pinjam Gampang) and as Commissioner of
the P2P lending company PT Aktivaku Investama Teknologi (Layanan Pendanaan Bersama Berbasis Teknologi Informasi
(LPBBTI).
He has a license as a Securities Underwriter Representative (WPEE) and Securities Broker-Dealer Representative
(WPPE) based on a decision from the Financial Services Authority (OJK).
Concurrent Positions
-
Affiliate Relations
He does not have any affiliated, financial, management, and family relationship with other members of The Board of
Commissioners, members of The Board of Directors, nor with Majority and Controlling Shareholders.
Independent Commissioner of PT Asuransi Etiqa Internasional Indonesia
Appointed as a member of the Integrated Good Corporate Governance since the Board of Commissioners meeting on 31
October 2022.
Background Education
Indonesian citizen, born in 1959, domiciled in Depok. He obtained a Bachelor of Economics degree, Faculty of Economics
from the University of Indonesia (1985) and holds a Master in Management Accounting, faculty of Economics, University
of Indonesia, Depok (1990).
Didit Mehta Pariadi
Work Experience
Currently as Independent Commissioner of PT Asuransi Etiqa Internasional Indonesia and Commissioner of PT Dharma
Bandar Mandala, a domestic air cargo and logistics services company.
He started his career as a Senior Auditor at the Coopers & Lybrand Public Accounting Firm in 1985 - 1987. Then he
started at the Senior Management level as a Member of the Board of Directors at a National consulting services
company (PT REDECON), national logistics and domestic express and courier services (PT Sekupang Makmur Abadi and
PT Yapindo Transportama). His career in the General Insurance sector began in 2016 as an Independent Commissioner
and Chairman of the Audit Committee at PT Asuransi Jasa Indonesia ("Jasindo"), 2 years later he was appointed Director
of Finance & Investment (2018-2020) and finally became President Director of PT Asuransi Jasa Indonesia (2020 - 2021).
Concurrent Positions
-
Affiliate Relations
He does not have any affiliated, financial, management, and family relationship with other members of The Board of
Commissioners, members of The Board of Directors, nor with Majority and Controlling Shareholders.
Term of Office
The term of office of the members of the IGCG Committee shall not exceed the term of office of each member as stipulated in the
Articles of Association of each FSI, unless the member concerned resigns from membership of this committee, or no longer working at
the FSI company Member of the MIFC
Independence of the Integrated Good Corporate Governance Committee
All members of the IGCG Committee have met all independence criteria and are able to carry out their duties independently, uphold the
interests of the company and cannot be influenced by any party.
Concurrent Position
Membership of Independent Commissioners, independent parties, and members of the Sharia Supervisory Board as referred to in Article
17 paragraph (1) OJK Regulation No. 18/POJK.03/2014 on the Integrated Good Corporate Governance in the Financial Conglomeration
shall not be counted as concurrent positions.
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Responsibility and Authority of Integrated Good shall be made by voting based on the affirmative votes of
Corporate Governance Committee more than 50% of the Committee Members present.
The duties and responsibilities of the Integrated Good Corporate d. Dissenting opinions occurring in the meeting and the reasons
Governance Committee include evaluating the implementation for the differences shall be clearly stated in the minutes of
of the Integrated Good Corporate Governance Committee duties the meeting.
and responsibilities which include: e. Minutes of Meeting shall be prepared by the Integrated Good
a. Evaluate the implementation of the Integrated Good Corporate Governance Secretariat or by a person present at
Corporate Governance Committee by Member FSIs and the the Meeting appointed by the Chairman of the Meeting and
Main Entity, through: shall be signed by all Integrated Good Corporate Governance
• Assessment of the adequacy of internal control, Committee Members present at the relevant Meeting.
• Implementation of integrated compliance and internal f. The Integrated Good Corporate Governance Committee
audit functions, and Meeting may be conducted through electronic media.
• Implementation of the Integrated Good Corporate
Governance. During 2024, the MIFC Integrated Good Corporate Governance
b. Provide recommendations to the Board of Commissioners Committee Meeting was held 4 (four) times, therefore the
of the Main Entity on the results of the evaluation of committee meeting was held exceeding the minimum number
the implementation of the Integrated Good Corporate specified in OJK Regulation No.18/POJK.03/2014 and in the MIFC
Governance Committee; Integrated Good Corporate Governance Committee Charter,
c. Provide recommendations to the Board of Commissioners namely 1 (one) time every semester.
of the Primary Entity for the improvement of the Integrated
Good Corporate Governance Guidelines; The agenda of the Integrated Good Corporate Governance
d. Organising Integrated Good Corporate Governance Committee Meeting in 2024 is as follows:
Committee meetings on a regular basis.
15 January 2024
In terms of conducting evaluations, the Integrated Good
Corporate Governance Committee is authorised to request 1. Follow-up to the discussion of the meeting with FSA
information from the Work Units below, namely in the form of Supervision of Maybank Indonesia Financial Conglomeration.
evaluation results on the implementation of the Integrated Good 2. Request for rating recommendation for submission of:
Corporate Governance: a. Integrated Governance Implementation Assessment Report
a. integrated compliance function from SKKT; for semester II - 2023;
b. integrated internal audit function from SKAIT; b. Integrated Minimum Capital Adequacy Report as of 31
c. integrated risk management implementation from SKMRT; December 2023;
d. integrated minimum capital requirement; and other matters c. Integrated Risk Profile Report for semester II - 2023.
related to the implementation of integrated governance in 3. Updated Integrated Good Corporate Governance Committee.
Maybank Indonesia Financial Conglomeration. 4. Implementation Report of Integrated Compliance ("SKKT") and
Integrated AML/CFT Working Unit for 4th Quarter - 2023.
The Chairman of the Integrated Good Corporate Governance 5. Implementation Report of Integrated Internal Audit Working
Committee shall make and submit a report to the Bank’s Unit (SKAIT) for 4th Quarter - 2023.
Board of Commissioners on each implementation of its duties
accompanied by recommendations (if necessary, in terms of 13 May 2024
obtaining approval).
1. Request for recommendation to submit the Annual Report on
Integrated Good Corporate Governance Committee the Implementation of IGCG MIFC in 2023.
Meeting in 2024 2. Annual Review on Integrated Capital Management Framework
The implementation policy of the Integrated Good Corporate (“ICMF”) and Integrated Capital Contingency Plan (“ICCP”) of
Governance Committee within MIFC is as follows: Maybank Indonesia Financial Conglomeration.
a. Integrated Good Corporate Governance Committee 3. Request for:
meetings are held in accordance with the provisions a. Recommendation Annual Review of Integrated Risk
required by OJK Regulation No. 18/POJK.03/2014 the needs Appetite Statement (IRAS) FY 2024;
of MIFC, at least 1 (one) time every 1 (one) semester. In b. Integrated Risk Appetite Statement (“RAS”) Monitoring
2024, the IGCG Committee held 4 (four) meetings, thus of Quarter 1 2024.
exceeding the requirements set out in OJK Regulation No. 18/ 4. Implementation Report of Integrated Compliance ("SKKT") and
POJK.03/2014. Integrated AML/CFT Working Unit for first Quarter - 2024.
b. Meetings may be held if attended by more than 50% of the 5. Implementation Report of Integrated Internal Audit Working
Integrated Good Corporate Governance members; Unit (SKAIT) for first Quarter - 2024.
c. Meeting decisions were made based on the principle
of deliberation to reach consensus. In the event that 11 July 2024
deliberation to reach consensus is not achieved, decisions
1. Update New RPOJK - Financial Holding Company.
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2. Request for rating recommendation for submission of:
a. Integrated Governance Implementation Assessment Report for semester I - 2024;
b. Integrated Minimum Capital Adequacy Report as of 30 June 2024;
c. Integrated Risk Profile Report for semester I - 2024.
3. Implementation Report of Integrated Compliance ("SKKT") and Integrated AML/CFT Working Unit for second Quarter - 2024.
4. Implementation Report of Integrated Internal Audit Working Unit (SKAIT) for second Quarter - 2024.
16 October 2024
1. Integrated Risk Appetite Statement (“RAS”) Monitoring Q3 2024;
2. Implementation Report of Integrated Compliance ("SKKT") and Integrated AML/CFT Working Unit for third Quarter - 2024;
3. Implementation Report of Integrated Internal Audit Working Unit (SKAIT) for third Quarter - 2024.
Frequency and Attendance of Integrated Good Corporate Governance Committee Meetings
During 2024, the Integrated Good Corporate Governance Committee held 4 (four) meetings. The frequency and meeting attendance of
each member of the Integrated Good Corporate Governance Committee are as follows.
Jumlah
Jabatan dalam
Nama Jabatan dalam LJK Jumlah Rapat Kehadiran Presentase
Komite
Dalam Rapat
Budhi Dyah Sitawati* Independent Commissioner of Maybank Chairman also 1 1 100%
Indonesia Member
Hendar Independent Commissioner of Maybank Chairman also 3 3 100%
Indonesia Member
Agus Kretarto Independent Party of Maybank Indonesia Member 4 4 100%
Abdul Jabar Majid* SSB Member of Maybank Indonesia Member 1 - 0%
Dr K.H.M.Sodikun,M.Si.,M.E. SSB Member of Maybank Indonesia Member 3 3 100%
I Nyoman Tjager President Commissioner/Independent Member 4 3 75%
Commissioner of PT Maybank Sekuritas
Indonesia
Deswandhy Agusman ** President Commissioner/Independent Member 1 1 100%
Commissioner of PT Maybank Indonesia
Finance
Herwan Ng Independent Commissioner of PT Member 3 2 67%
Maybank Indonesia Finance
Myrnie Zachraini Tamin Independent Commissioner of PT Wahana Member 4 3 75%
Ottomitra Multiartha, Tbk
Freddy Hendradjaja Independent Commissioner of Member 4 4 100%
PT Maybank Asset Management
Didit Mehta Pariadi P Independent Commissioner of Member 4 4 100%
PT Asuransi Etiqa Internasional Indonesia
Notes:
*) The term of office ended at the closing of the Annual General Meeting of Shareholders of Maybank Indonesia held on 1 April 2024.
**) The term of office ended at the closing of the Annual General Meeting of Shareholders of PT Maybank Indonesia Finance held on 21 March 2024.
Implementation of Integrated Good Corporate Governance Committee Duties 2024
During 2024, the Integrated Good Corporate Governance Committee focused its activities on supervising and evaluating, among others,
the following matters:
1. Provide recommendations in updating the Integrated Corporate Governance Guidelines;
2. Providing recommendations related to the submission of half year and annual Integrated Governance Implementation Reports to OJK;
3. Providing recommendations related to the submission of half year Risk Profile Report and Minimum Capital Adequacy Report to OJK;
4. Providing recommendations in terms of appointment and changes in the composition of the IGCG Committee members in order to
fulfill the representation of members from each FSI member of the Financial Conglomeration;
5. Provide recommendations in terms of reporting to the regulator in the event of changes to the members and membership of the MIFC
FSI;
6. Supervise and provide recommendations on the implementation of the integrated work units that have been established in order to
support the implementation of supervision by the IGCG Committee, including the Integrated Internal Audit Work Unit, Integrated
Compliance Work Unit and Integrated Risk Management Work Unit. Reports on the implementation of the functions of each of these
working units were reported periodically to the Integrated Good Corporate Governance.
7. Periodic evaluation of the framework of Integrated Risk Management Work Unit and Integrated Capital Management Procedure.
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WHISTLEBLOWING GOVERNANCE COMMITTEE
Based on the spirit of implementing Good Corporate Governance, Maybank Indonesia has implemented Anti Fraud strategy,
among others by developing policy and mechanism for handling complaints (Whistleblowing) to improve the effectiveness of the
implementation of fraud control system.
On 11 May 2021, Bank has established a Whistleblowing Governance Committee with the objective to ensure whistleblowing reports are
followed up with adequate attention, independence, investigation and remedial action, where necessary.
Legal Basis
• Law of the Republic of Indonesia No. 21 of 2011 on the Financial Services Authority;
• OJK Regulation No. 17 Year 2023 dated 14 September 2023 regarding Implementation of Good Corporate Governance for
Commercial Banks;
• Circular Letter of the Financial Services Authority (SE OJK) No. 13/SEOJK.03/2017 dated 17 March 2017 concerning the
Implementation of Governance for Commercial Banks;
• OJK Regulation Number 12 of 2024 concerning the Implementation of Anti Fraud Strategies for Financial Service Institutions; and
• Other relevant laws and regulations
Whistleblowing Governance Committee Charter
To support the implementation of the duties of the Whistleblowing Governance Committee, the Bank has established a Whistleblowing
Governance Committee Charter which regulates the following matters:
1. Objective
2. Authority
3. Membership
4. Duties and responsibilities
5. Frequency of meetings
6. Meeting Agenda
7. Chairman and Meeting participants
8. Meeting Results and Minutes
9. Reporting
Structure and Membership
The composition of the Whistleblowing Governance Committee as of 31 December 2024 is as follows:
No. Name Position in the Company Position in the Committee
1 Putut Eko Bayuseno Independent Commissioner Chairman and Member
2 Hendar Independent Commissioner Alternate Chairman and Member
3 Marina Tusin Independent Commissioner Member
4 Yessika Effendi Director, Legal, Compliance, Corporate Secretary and Anti Member
Fraud
5 Irvandi Ferizal Director, Human Capital Member
6 Effendi Director, Risk Management Member
Term of Office
The term of office of the members of the Whistleblowing Governance Committee shall not exceed the term of office of each member,
unless the member concerned resigns from membership of this Committee, or no longer works for the Company, or if the Board of
Commissioners decides to change the composition of the Committee membership (whichever occurs first).
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Independence
The Whistleblowing Governance Committee Charter stipulates that the membership composition of the Whistleblowing Governance
Committee is as follows:
1. Chairman : Independent Commissioner
2. Alternate Chairman: Independent Commissioner
3. Permanent Member:
• Independent Commissioner
• Director of Legal, Compliance, Corporate Secretary and Anti Fraud
• Human Capital Director
• Risk Management Director
Based on the composition of the membership where the appointed Chairman and Substitute Chairman are from Independent
Commissioners, the independence criteria of the membership composition has been met.
Duties and Responsibilities
The Whistleblowing Governance Committee is responsible for:
a. Review and assess the adequacy of policies and procedures related to whistleblowing.
b. Evaluate the follow up of whistleblowing reports in terms of steps of investigation, the closure, and to make recommendations,
where required
c. Review whistleblowing indicators such as the statistic on reports received from the whistleblowing channels, nature of the reports
received, trend analysis, reports under on-going investigation and closure of reports.
Implementation of Duties of the Whistleblowing Governance Committee
Throughout 2024, the Whistleblowing Governance Committee has conducted activities in the form of supervision and evaluation as well
as review of Whistleblowing indicators, including statistics on reports received from Whistleblowing channels, types of reports, trend
analysis, reports that are in the process of investigation and closure of reports, as part of the Whistleblowing Governance Committee
meeting agenda.
Meetings and Attendance Rate
Based on the Whistleblowing Governance Committee Charter, Committee Meetings are held every quarter but can be held at any time if
necessary. Throughout 2024, the Whistleblowing Governance Committee Meeting was held 4 (four) times with the following attendance
rates:
No. Name 11 January 2024 14 May 2024 11 July 2024 11 October 2024 Attendance Rate
1 Putut Eko Bayuseno √ √ √ √ 100%
2 Hendar √ √ √ X 75%
3 Budhi Dyah Sitawati* √ 100%
4 Marina Tusin** √ 100%
5 Muhamadian* √ 100%
6 Yessika Effendi** √ 100%
7 Irvandi Ferizal √ √ √ √ 100%
8 Effendi √ √ √ √ 100%
Notes:
*) The term of office ended at the closing of the Annual General Meeting of Shareholders of Maybank Indonesia held on 1 April 2024.
**) Appointed as a member of the Whistleblowing Governance Committee as of 3 September 2024.
Member Training Program
The profiles of each member can be found in this Annual Report.
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INFORMATION AND TECHNOLOGY - OJK Circular Letter No. 21/SEOJK.03/2017 dated 6 June 2017
OVERSIGHT COMMITTEE regarding Implementation of Risk Management in the Use of
Good Corporate Governance (GCG) is crucial in improving the Information Technology by Commercial Banks.
Bank’s performance, protecting the interests of stakeholders and - OJK Circular Letter No. 29/SEOJK.03/2022 dated 27
enhancing compliance with prevailing laws and regulations and December 2022 regarding Cyber and Security Resilience for
ethical values. Commercial Banks.
- BI Regulation No. 2 Year 2024 dated 18 April 2024 regarding
To support the implementation of GCG principles and improve Information System Security and Cyber Resilience for
the effectiveness of the supervisory function performed by the Payment System Providers, Money Market and Foreign
Board of Commissioners, the Bank may establish Committees. Exchange Market Players, and Other Parties Regulated and
Supervised by Bank Indonesia.
The Information and Technology Oversight Committee (IT - BI Regulation No. 22/23/PBI/2020 dated 29 December 2020
Oversight Committee) is a committee that assists the Board of regarding Payment System.
Commissioners in carrying out its supervisory function. - BI Regulation No. 23/6/PBI/2021 dated 1 July 2021 regarding
Payment Service Provider.
This committee was established by and responsible to the Board - OJK Regulation No. 21 Year 2023 dated 22 December 2023
of Commissioners on 29 August 2022 in accordance with the regarding Digital Services by Commercial Banks.
approval of the IT Oversight Committee Charter by the Board of
Commissioners. Information and Technology Oversight Committee
Charter
Legal Basis To support the implementation of the IT Oversight Committee’s
- OJK Regulation No. 33/POJK.04/2014 concerning Directors duties, the Bank has established the IT Oversight Committee
and BOC of issuer or public company. Charter which regulates the following matters:
- OJK Regulation No. 17 Year 2023 dated 14 September 2023 1. Purpose
regarding Good Corporate Governance for Commercial 2. Duties, Responsibilities & Authority
Banks. 3. Structure & Membership
- OJK Circular Letter No.13/SEOJK.03/2017 dated 17 March 4. Meetings, Quorum & Decision Making
2017 regarding Good Corporate Governance for Commercial 5. Term of Services
Banks. 6. Performance Evaluation Mechanism
- OJK Regulation No. 11 /POJK.03/2022 dated 6 July 2022 7. Review Period
regarding the Implementation of Information Technology by 8. Committee Secretary
Commercial Banks. 9. Charter Approval
10. Confidentiality
11. Compliance to the Law and Regulation
Structure and Membership
The composition of the IT Oversight Committee as of 31 December 2024 is as follows:
No. Name Position in the Company Position in Committee
1 Dato’Zulkiflee Abbas bin Abdul Commissioner Chairman
Hamid
2 Edwin Gerungan Commissioner Member
3 Datuk Lim Hong Tat Commissioner Member
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Term of Office Implementation of IT Oversight Committee Duties
The term of office of the IT Oversight Committee members may 2024
not exceed the term of office of the Board of Commissioners During 2024, the IT Oversight Committee focused its activities
as stipulated in the Articles of Association. Replacement of IT on supervising and evaluating, among others, on the following
Oversight Committee members must be approved by the Board matters:
of Commissioners. The number of members of the IT Oversight 1. The first meeting of the IT Oversight Committee on 15
Committee is at least 3 (three) people, so that any vacancy in the January 2024
position of a member must be filled immediately within a period 2. The second meeting of the IT Oversight Committee on 18
of no later than 3 (three) months. March 2024
3. The third meeting of the IT Oversight Committee on 16 May
Independence 2024
The IT Oversight Committee must be entirely independent from 4. The fourth meeting of the IT Oversight Committee on 12 June
the influence of the Board of Directors and accountable only to 2024
the Board of Commissioners. Independence is one of the main 5. The fifth meeting of the IT Oversight Committee on 18 July
criteria that must be possessed by members of the IT Monitoring 2024
Committee. 6. The sixth meeting of the IT Oversight Committee on 26
September 2024
Duties and Responsibilities 7. The seventh meeting of the IT Oversight Committee on 21
1. Review the Company’s technology planning and strategy. November 2024
2. Evaluate significant technology investments and 8. Provide the IT Oversight Committee report at the BOC
expenditures. meeting on 18 January 2024, 1 April 2024, 17 May 2024,
3. Monitor and evaluate existing and future technology trends 21 June 2024, 19 July 2024, 27 September 2024, and 22
that may affect the Company’s strategic plan, including November 2024.
monitoring overall industry trends.
4. Receive reports from management on the Company’s
technology operations including, among others, software
development project performance, technical operation
performance, technology architecture and significant
technology investments.
5. Provide recommendations regarding information and
technology policies to the Board of Commissioners for
approval.
6. Carry out other activities in accordance with the Charter and
Articles of Association of the Company.
Meeting and Attendance
Number of
Name Position Attendance Percentage
Meeting
Dato’Zulkiflee Abbas bin Abdul Hamid Chairman 7 7 100%
Edwin Gerungan Member 7 7 100%
Datuk Lim Hong Tat Member 7 7 100%
Training Program for Members
The profiles of each member can be found in this Annual Report.
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Remuneration Policy
Maybank Indonesia has and implements remuneration policies • Performance Management
for members of the Board of Commissioners and Board of • Material Risk Taker (MRT)
Directors to encourage the implementation of GCG through a • Information Disclosure
mechanism and implementation of strategic policies, including
for the compensation and benefits and other remuneration for The Bank conducts periodic reviews of the remuneration policy
Bank employees. The implementation of the Bank’s remuneration to keep it in line with the industry developments and the Bank’s
system always upholds the principle of competitiveness, fair strategy as well as prevailing provisions from the regulators.
and balanced, and risk-based and ensuring that nobody receives
rewards below the provisions set by the government. REMUNERATION POLICY FOR BOARD
OF COMMISSIONERS AND BOARD OF
The Bank prepares policy directions and adopts fair and DIRECTORS
competitive remuneration practices in accordance to the Maybank Indonesia implements remuneration policy for the
contribution and performance of employees while taking Board of Commissioners and Board of Directors based on
into account the company’s sustainable financial capacity. recommendations from the Nomination and Remuneration
Remuneration policies and practices that are right on target will Committee which approved by the Board of Commissioners.
increase the rate of return on investment on human resources The recommendations include procedures to review the
(Return on Investment on Human Capital Investment). The Bank remuneration structure, policy and remuneration plan, and
always oversees the implementation of the remuneration policy the terms and conditions for the Board of Commissioners and
and from time to time makes the necessary amendments to Board of Directors to be submitted to the General Meeting of
ensure the achievement of the company’s remuneration policy Shareholders (GMS).
objectives, namely to raise corporate value.
In this regards, the Nomination and Remuneration Committee
Maybank Indonesia regulates the Remuneration Policy in the ensures that remuneration decisions are in due observance of the
Board of Directors Regulation NO.M.2022.010/DIR HC - RODS risk and/or performance considerations, consistent with financial
which consists some basic principles of remuneration, including: performance and regulatory reserve provisions, the Bank’s future
• Prudential principle in the provision of remuneration based potential income, performance evaluation results, equality with
on performance and risk. other similar banks, and the Bank’s long term target and strategy.
• Fixed and Variable Remuneration
Procedures for Determining Board of Commissioners Remuneration
Nomination and Board of
1 Remuneration 2
Board of
Commissioners 3
General Meeting of
Shareholders 4 Commissioners
Committee Remuneration
The Nomination and The Board of Commissioners The GMS determines The distribution of
Remuneration Committee studies the recommendations remuneration for members of remuneration to members of
provides recommendations and proposed remuneration of the Board of Commissioners the Board of Commissioners in
and proposals for the Board of the Board of Commissioners and authorises the accordance with
Commissioners’ remuneration and proposes them to the GMS President Commissioner to GMS decision.
in accordance with their for approval. carry out its distribution to
functions and responsibilities as each member of the Board of
well as remuneration standards Commissioners.
for positions and similar
industries in the market, to be
submitted to the GMS through
the Board of Commissioners.
BOARD OF COMMISSIONERS REMUNERATION STRUCTURE (FEE STRUCTURE)
In carrying out its duties and responsibilities, the Board of Commissioners receives number of remuneration packages in kind, including
salaries and other fixed income, among other benefits including transportation allowances and other forms of remuneration based on
the Bank’s provisions, as well as other facilities in kind/non-kind, namely other non-permanent income, which may or may not be owned.
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The Remuneration package and facilities (fee structure) received by the Board of Commissioners consists of remuneration structure and
details of nominal amount, as described in the table below:
Amount Received in 1 (One) Year
Type of Remuneration and Facilities Board of Commissioners
Persons In Million Rp
Remuneration (salary, bonus, routine allowance, tantiem, and other facilities in
9 20.301
the form of cash)
Other facilities in kind form (housing, health insurance, and others) which:
a. with transferable ownership; 5 3.724
b. with non-transferable ownership
Total 9 24.025
The Remuneration Package which is grouped based on the income level received by the Board of Commissioners members in 1 (one)
year, as shown in the table below:
Amount of Remuneration per Person in 1 (One) Year *) Number of Commissioners
Above Rp5 billions -
Above Rp2 billion to Rp5 billion 7
Above Rp1 billion to Rp2 billion 1
Above Rp500 billion to Rp1 billion 1
Under Rp500 million -
Notes: *) received in cash
The number of Board of Commissioners who received Variable Remuneration within 1 (one) year and total nominal amount as shown in
the table below:
Amount Received in 1 (One) Year
Remuneration Deemed Variable Board of Commissioners
Persons In Million Rp
Total 0 0
Procedures for Determining Board of Directors Remuneration
Nomination and
Board of General Meeting of Board of Directors
1 Remuneration
Committee
2 Commissioners 3 Shareholders 4 Remuneration
The Nomination and The Board of Commissioners The GMS determines The distribution of
Remuneration Committee studies the recommendations remuneration for members remuneration to members
provides recommendations and and proposed remuneration of the Board of Directors of the Board of Directors in
proposals for Board of Directors of the Board of Directors and and authorises the Board of accordance with
remuneration based on the proposes them to the GMS for Commissioner to carry out its GMS decision.
formula which refers to the approval. distribution to each member of
Bank’s internal policies, the Board of Directors.
applicable external regulations,
comparisons in the banking
industry, the performance of
the Board of Directors and
taking into account the Bank’s
performance, to be submitted
to the GMS through the Board
of Commissioners.
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and Analysis
STRUCTURE OF BOARD OF DIRECTORS REMUNERATION
In carrying out their duties and responsibilities, the Board of Directors receives remuneration packages in kind, including salaries and
other fixed income, allowances (benefits) based on the Bank’s provisions and other forms of remuneration as well as other facilities in
kind/non-in kind, namely irregular income and other facilities, which may or may not be owned.
The Remuneration Package and facilities received by the Board of Directors consists of remuneration structure and details of nominal
amounts, as described in the table below:
Amount Received in 1 (one) Year
Type of Remuneration and Facilities Board of Directors
Persons In Million Rp
Remuneration (salary, bonus, routine allowance, tantiem, and other facilities in the form of cash) 10 65.618
Other facilities in kind form (housing, health insurance, and others) which:
a. with transferable ownership; 10 8.274
b. with non-transferable ownership
Total 10 73.892
The Remuneration Package grouped by the income level received by the Board of Directors members in 1 (one) year is shown in the table
below:
Amount of Remuneration per Person in 1 (One) Year *) Number of Directors
Above Rp5 billions 6
Above Rp2 billion to Rp5 billion 4
Above Rp1 billion to Rp2 billion -
Above Rp500 billion to Rp1 billion -
Under Rp500 million -
Notes: *) received in cash
The number of Directors who received variable remuneration for 1 (one) year and the nominal stated in the table below:
Amount Received in 1 (one) Year
Type of Remuneration and Facilities Board of Directors
Persons In Million Rp
Total 6 25.252
BOARD OF DIRECTORS PERFORMANCE INDICATOR FOR REMUNERATION
DETERMINATION
The criteria used in assessing the performance of the Board of Directors refers to the strategy as well as the Bank’s business and
operational plans in the current year. The KPIs used for the performance assessment of the Board of Directors in 2024 are provided
below:
Aspects Indicators
Financial Performance Bank’s financial performance and portfolio growth, which includes profits earned and revenue generated,
credit growth including the quality of credit management, growth of third-party funds, productivity ratio
and cost management to improve efficiency.
M25+ Implementation and Bank's commitment to transform and implement the M25+ strategy to increase Bank's productivity, which
Transformation includes project initiation, continuous process improvement, human resource management, management
of customer satisfaction which measured by Bank's promoter scores and customer engagement index.
Risk Management Bank's commitment to governance and compliance to the regulations as well as managing credit risk,
operational risk, and cyber-attack risk to ensure that it is always within the acceptable tolerance level.
506 2024 Annual Report
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Governance Responsibility
Assessment for the Board of Directors Performance
The Nomination and Remuneration Committee evaluates and recommends the BOD’s Balanced Scorecard to be approved by the Board
of CommissionersC, , and review the on overall performance based on the agreed Balance scorecard.
The Bank’s strategic objectives are converted into Key Performance Indicators (KPI’s) that are agreed upon by the BOD and handed
down to all levels to develop and implement work plans that are aligned with the strategy and coordinating with one and another in
order to achieve the Banks’s Performance target.
The Directors KPI in 2024 were approved in a BOC Meeting and the development of the Bank’s performance was monitored regularly
through financial and business performance reports.
Remuneration for Material Risk Taker (MRT)
Details of the amount of remuneration provided in 1 (one) year include:
1) Fixed remuneration and variable remuneration;
2) Deferred and non-deferred remuneration; and
3) forms of remuneration provided in cash and/or shares or share-based instruments issued by the Bank, as in the table below:
A. Total Remuneration
1. Cash (in million Rupiah) 76,055
2. Shares/share-based instruments issued by the Bank 339
B. Fixed Remuneration *)
1. Cash (in million Rupiah) 43,842
2. Shares/share-based instruments issued by the Bank -
Note: *) Only for MRT and in million Rupiah
C. Variable Remuneration *)
Not Deferred Deferred
1. Cash (in million Rupiah) 29,165 3,047
2. Shares/share-based instruments issued by the Bank 339
Note: *) Only for MRT and in million Rupiah
Quantitative information on the following:
1) Total remaining deferred remuneration exposed to both implicit and explicit adjustment;
2) Total reduction in remuneration caused by explicit adjustments during the reporting period; and
3) Total reduction in remuneration arising from implicit adjustment during the period under review, as in the table below:
Total Reduction during Reporting Period
Deferred Explicit Explicit
Type of Variable Remuneration *)
Total
Amount Adjustment Adjustment
(A)+(B)
(A) (B)
Cash
5.280 - - -
(in million Rupiah)
Shares/share -based instruments issued by the Bank (in
number of shares and/or in nominal millions, conversion 596 - - -
value of shares)
Note: *) Only for MRT
REMUNERATION PAID TO MEMBERS OF THE NOMINATION AND REMUNERATION
COMMITTEE FOR 1 (ONE) YEAR
No remuneration is paid to members of the Nomination and Remuneration Committee other than those paid monthly as Commissioners
or Executive Officer.
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Committees of the Board of Directors
RISK MANAGEMENT Structure and Membership
COMMITTEE Member
The Risk Management Committee
(RMC) is a committee established by and Chair President Director
responsible to the Board of Directors to Vice Chairman/Member Risk Management Director
assist the Board of Directors in carrying Member Finance Director/Alternate*1)
out the Risk Management function.
Member Global Banking Director /Alternate*2)
Community Financial Services (CFS)
Destination Member
Director /Alternate*3)
The purpose of establishing the Risk
Legal & Compliance, Corporate Secretary Director
Management Committee is to assist the Member
/Alternate*4)
Board of Directors in fulfilling supervisory
Member Operations Director /Alternate*5)
responsibilities in relation to the rapid
Member Human Capital Director /Alternate*6)
development of the financial services
industry, especially banking, and in order Member IT Director /Alternate*7)
to effectively manage increasingly the Member Sharia Business Unit Director/Alternate*8)
complex potential risks, as such the
Risk Management Committee (RMC) is Fixed Invitation
needed in an effort to determine, review
the implementation and continuously Fixed Invitation Head, Internal Audit (SKAI)
improve the policies and methodologies Fixed Invitation Head, Enterprise Risk Management
used to manage the risk. Fixed Invitation Head, Credit Risk Management
Fixed Invitation Head, Retail Credit Portfolio & Policy
Fixed Invitation Head, Non-Retail Credit Policy & Strategic Risk Management
Fixed Invitation Head, Operational Risk & Business Continuity
Fixed Invitation Head, Market, Liquidity & Treasury Credit Risk Management
Fixed Invitation Chief Information Security Officer
Non-permanent Invitation
Non-permanent Invitation Internal parties of Bank Maybank Indonesia Group
Secretary
Secretary Enterprise Risk Management
Alternate
*1) Head, Financial Planning, Performance Management & Investor Relation
*2) Head, Business Planning, Performance, dan Embedded Risk Unit (ERU)/
Head, Local Corporate & Multinationals
*3) Head, CFS Non-Retail Credit Process/
Head, CFS Retail Credit Process/
Head, Business Planning
*4) Head, Compliance/
Head, Anti Fraud/
Head, Corporate Legal & Litigation
*5) Head, Delivery Channel & Cash Operation /
Head, Operation Processing Center
*6) Head, Business Human Capital
*7) Head IT Governance, Planning &PM
*8) Head, Sharia Process Development, Compliance & ERU
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Duties and Authorisations
a. Provide recommendations and/or approval of policies, Implementation of Risk Management Committee
strategies and guidelines for the implementation of risk Duties during 2024
management of the Bank and its subsidiaries, including In 2024, the Risk Management Committee regularly reviewed
framework strategies, methodologies, systems and risk and provided recommendations on various matters, among
management tools including contingency plans and ensure others:
their implementation covering credit risk, operational risk, 1. Updating of Risk Management Framework and Policy and its
market risk, liquidity risk, legal risk, reputation risk, strategic implementation.
risk and compliance risk. 2. Updating and monitoring of the Risk Appetite Statement
b. Provide recommendations on the improvement or 3. Updating and monitoring of Enterprise Risk Dashboard
refinement of risk management implementation based 4. Update from Embedded Risk Unit (ERU)
on the results of the evaluation of risk management 5. Stress Test both related to Regulator, Group and internal
implementation. Bank requests.
c. Provide recommendations on the determination of matters 6. Bank Health Level, Risk Profile including Minimum Capital
related to business decisions that deviate from normal Adequacy (CAR) in accordance with Risk Profile and
procedures. reporting to the regulator
d. Conduct a comprehensive review of the Bank’s and 7. Sharia Supervisory Board Report
subsidiaries’ portfolio on a regular basis and ensure that risk 8. Compliance and regulatory updates
exposures are well managed. 9. Update on the progress of follow-up on Regulatory findings
e. Review stress testing scenarios and their risk impact 10. Cyber Security Evaluation Report (OJK Circular Resolution
on capital adequacy, profitability and asset quality and 29) & Digital Maturity Assessment Bank (OJK Circular
recommend necessary corrective actions. Resolution 24)
f. Review and approve the Recovery Plan (RCP) for the bank’s 11. Vulnerable Account Process
readiness to face any risks and crisis conditions that may
occur can be addressed quickly and appropriately.
g. Examining the application of Environmental Social
Governance (ESG) principles in business and investment
practices that integrated with the implementation of
the principles of environmental conservation, social
responsibility and good governance.
h. Approve strategic actions arising from external regulations
that impact risk management practices.
i. Approve corrective measures to address risk issues that come
to the attention of Bank Indonesia (BI) and/or the Financial
Services Authority (OJK).
j. Approve new products and activities with reference to the
product and activity launch requirements.
k. To oversee and provide strategic direction to key business
initiatives and projects and ensure they receive the necessary
support from all relevant units in Maybank Indonesia in line
with the company’s objectives.
l. Providing ratification for material that has been presented at
a meeting outside the RMC and requires RMC approval.
m. Approve matters requiring ROC recommendation for BOC
approval.
n. Carry out other responsibilities delegated by the BOD and
ROC.
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ASSET & LIABILITIES MANAGEMENT (ALM) DAN ASSET & LIABILITIES MANAGEMENT
COMMITTEE (ALCO)
Assets & Liabilities Management (ALM)
Assets & Liabilities Management is one of the key components in the management of the Bank. ALM is a critical financial and risk
management discipline, which is applied to the Bank’s on and off balance sheet positions to maintain a risk-reward profile that will
generate the best value for shareholders. ALM is intended to manage and control the Bank’s on and off balance sheet by identifying,
measuring and managing the risks inherent in the on and off balance sheet and income statement.
There are two aspects of the ALM function:
1. Decision-making function: Assets & Liabilities Management Committee (ALCO)
2. ALM support function: ALM-related Work Units
Assets & Liabilities Management Committee (ALCO)
ALCO merupakan wadah utama untuk mencapai tujuan dari ALM dan bertanggung jawab untuk pengembangan, implementasi,
monitoring, dan evaluasi, dari strategi ALM Bank.
Struktur dan Keanggotaan ALCO
Every interested party must be a member of ALCO to ensure the effectiveness of ALCO. When required, other Senior Management may
be invited to the meetings.
The structure and membership of ALCO are as follows:
Member
Chairman Presiden Direktur
Vice Chairman Head, Global Markets & Corporate Treasury
Director, Risk Management/ Alternate 1)
Director, Global Banking/ Alternate 2)
Member Director, Community Financial Services/ Alternate 3)
Director, Finance/ Alternate 4)
Director, Operations/ Alternate 5)
Description:
1) Director, Legal, Compliance, Corporate Secretary, and Anti Fraud
2) Head, GB Business Planning & Performance Management
3) Head, CFS Business Planning & Analytics; atau Head, Consumer
4) Head, Financial Planning, Performance Management, and Investor Relations (FPPMIR); atau
Head, Financial Accounting Division (FAD)
5) Head, Operations Processing Centre (OPC)
Permanent Invitee
Director, Legal, Compliance, Corporate Secretary, and Anti Fraud
Director, Human Capital
Director, IT
Director, Shariah Business Unit
Head, Community Distribution
Head, Economic Research
Permanent Invitee Head, GM Fixed Income Currencies and Commodities & Derivatives
Head, Corporate Treasury Liquidity Management
Head, Global Market Rates
Head, Market, Liquidity, & Treasury Credit Risk Management
Head, Treasury Trading Risk
Head, Balance Sheet Risk
Head, GB Business Planning & Performance Management
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Permanent Invitee
Head, CFS Business Planning & Performance Management
Head, Consumer
Permanent Invitee
Head, Financial Planning, Performance Management, and Investor Relations
Head, Operation Processing Center
Non-Permanent Invitee
Work units other than those mentioned above to discuss specific topics (if needed)
Non-Permanent Invitee
Subsidiaries
Secretary
Secretary Head, Corporate Finance & Capital Management
ALCO Duties and Responsibilities n. Formulate and review strategies in managing market risk
The duties and responsibilities of ALCO are as follows: and liquidity risk relating to the Bank’s balance sheet
a. Provide strategic direction of ALM and ensure tactical profile, capital and funding structure.
follow-up to create an evolving balance sheet structure o. Provide direction on the management of consolidated
to achieve performance objectives within defined risk assets and liabilities of subsidiaries to achieve the Bank’s
parameters. overall objectives.
b. Review measurement methodologies on a Bank-wide p. Activate the Liquidity Contingency Plan (LCP) when
basis in terms of market risk (exchange rate, interest rate conditions lead to a liquidity crisis, evaluate the
and value of securities) and liquidity risk. effectiveness of the Bank’s LCP after the crisis and
c. Approve strategies related to interest rate, funding and assess the Bank’s new position and determine follow-up
liquidity risk management, as well as appropriate assets strategies for restructuring the Bank’s balance sheet.
and liabilities management strategies. q. Coordinate with the Credit Committee on aspects of
d. Approve limits related to market risk and liquidity risk and credit funding or financing.
supervise and approve limit that exceed in accordance
with applicable risk management policies. In carrying out its duties and responsibilities, ALCO is
e. Review and approve the framework, policies and expected to review, analyze, and decide when necessary
guidelines for internal transfer pricing. on various items and ratios of on and off balance sheet,
f. Supervise and manage the bank’s overall liquidity position market risk and liquidity positions, and market indicators
and interest rate risk on a consolidated basis. such as:
g. Determine interest rates on earning assets and liabilities a. Current and expected future market and economic
to ensure that interest rates encourage the achievement conditions.
of optimum use of funds and cost of funds and fulfillment b. The size, structure and behavior of the balance sheet in
of liquidity management objectives, and to obtain a various currencies.
balance sheet structure that is consistent with the ALM c. The yield of net interest income.
strategy (liquidity management and minimum reserve d. Exposure to interest rate risk, including limits thereon.
requirements). e. The bank’s overall foreign exchange exposure (structural
h. Determine policies regarding fees charged in various and non-structural Net Open Position) including the limit
products and services. therein.
i. Manage the Bank’s capital structure and capital utilisation f. Liquidity risk and concentration risk positions, including
among various business units. limits.
j. Managing the Bank’s investment portfolio. g. Treasury portfolio exposure and its risks.
k. Approve hedging strategies for invested capital and h. Ratios and limits in accordance with relevant regulations,
foreign currency gains to mitigate market risk exposure. including the Risk Based Bank Rating (RBBR) report from
l. Monitor the bank’s compliance with relevant regulations OJK - Bank Indonesia.
and guidelines from regulators. i. Asset based on risk/return on asset/capital adequacy
m. Approve new products in terms of interest rate setting ratio, etc.
and matters relating to exposure to market and liquidity j. Determination of interest rates for assets and liabilities
risks. (including proposed and reference interest rates).
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CREDIT COMMITTEE
The Bank established a Credit Committee to support the process of loan lending and program products in due regard to the four-eyes
principles. The purpose of the Credit Committee is to evaluate and make decisions on the following matters:
a. Loan proposals including FX and Derivative facilities (either new, additional, or renewals).
b. Purchase/Sale marketable securities
c. Other approval memos (changes of the loan structure; loan amount; tenure, term and condition; collateral/ security; pricing; and
others).
d. Interbank limits
e. Adjustment over internal rating results.
f. Post approval monitoring.
g. Credit application proposed by MBI Mumbai branch (for KK1)
h. Loan proposal on related parties Bank (for KK1)
i. Other matters required by Credit Committee.
Duties and Responsibilities
a. The Credit Committee approves or rejects non-retail segment credit, RSME, Mortgage, and Joint Financing applications, especially
the provision of Joint Financing limits to multifinance companies.
b. Complying with and following all provisions of the Credit Risk (CRF), Level 2 Credit Policy (2a and 2b), Credit SOP (Level 3), and
Circular Letter as well as applicable Bank Indonesia (BI)/FSA regulations and laws relevant to government laws and regulations.
c. Coordinating with the Assets and Liabilities Committee in terms of credit funding.
Structure and Membership
Structure Credit Committee (CC) 1 Credit Committee (CC) 2
Chairman President Director Director of Risk Management
Alternate Chairman Director of Risk Management Head, Credit Risk Management
Members - President Director - Global Banking Director
- Global Banking Director - CFS Director
- CFS Director - Shariah Banking Director
- Shariah Banking Director - Risk Management Director
- Risk Management Director - Finance Director (CFO)
- Finance Director (CFO) - Head of Credit Risk Management
- Head of Credit Risk Management - Head of related LOB
- Head of related LOB - Related Regional Director
- Related Regional Director
Meeting Quorum Chairman + 2 Business Directors Ketua + 2 Direktur Bisnis
Permanent Invitees Representative of Business Unit 1 level below the Director
Non-Permanent Invitees Based on Committee needs
Duties Implementation of in 2024
During 2024, the Credit Committee performed the following duties:
• Providing approval and rejection of applications of non-retail and mortgage segment loans carried out pursuant to prevailing
regulations.
• Ensured that the Bank always complies and follows all provisions of the Credit Risk Framework (CRF), Level 2 Credit Policy (2a
and 2b), Credit SOP (Level 3), and Circular Letter as well as applicable Bank Indonesia (BI)/FSA regulations and laws relevant to
government laws and regulations.
• Coordinate with the Assets and Liabilities Committee in terms of credit funding aspects.
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Governance Responsibility
CREDIT RESTRUCTURING COMMITTEE
The Bank established the Credit Restructuring Committee in order to support the credit recovery and settlement process with
prudential principles and the application of the four-eyes principles.
Structure and Membership
Credit Restructuring Committee Credit Restructuring Committee Credit Restructuring Committee
Structure
(CRC) 1 (CRC) 2 (CRC) 3
Chairman President Director Risk Management Director Head, Credit Risk Management
Alternate Chairman Risk Management Director Head, Credit Risk Management Head, Credit Reviewer CFS
Member President Director Risk Management Director - Head, related LOB atau Head, SME
- Risk Management Director - Global Banking Director & Consumer Collection atau Head,
- Global Banking Director - CFS Director GB & BB Remedial
- CFS Director - Shariah Banking Director - Head, Credit Risk Management
- Shariah Banking Director - Finance Director (CFO) - Head, Credit Reviewer CFS
- Finance Director (CFO) - Head, Credit Risk Management - Head, SME Credit atau Head, SME
- Head, Credit Risk Management - Head, related LOB or Head, SME & Credit Reviewer
- Head, related LOB or Head, SME & Consumer Collection or Head, GB - Head, Shariah GB atau Head,
Consumer Collection or Head, GB & BB Remedial Shariah CFS
& BB Remedial - Related Regional Director - Related Regional Director
- Related Regional Director
Meeting Quorum Chairman + 2 Business Directors Chairman + 2 Business Directors Chairman
+
Permanent Invitee Business unit representative 1 level below Director
Head, SME Credit or Head, SME
Credit
Reviewer
+
Head Related LOB or Head, SME &
Consumer Collection or Head, GB &
BB Remedial
Non-Permanent Invitee As needed by the committee
Duties and Responsibilities
a. Approving or rejecting applications for the resolution and recovery of non-performing loans/securities.
b. Carrying out duties, particularly in granting approval for the resolution of loans/financing/non-performing securities, with integrity,
objectivity, diligence, and thoroughness in accordance with its competencies.
c. Rejecting requests and/or undue influence from parties with vested interests related to the applicant for loan/financing/non-
performing securities recovery that would result in merely formal approval.
d. Complying with and adhering to the provisions of the Credit Risk Framework (KKRK), Level 2 Credit Policies (2a and 2b), and Credit
SOP (Level 3) for each segment, as well as other internal regulations, applicable Bank Indonesia (BI)/OJK regulations, and relevant
laws and government regulations.
Duties Implementation in 2024
Throughout 2024, the Credit Restructuring Committee was responsible for approving and rejecting requests related to the settlement
and recovery of non-performing loans/securities. The committee also ensured that the Bank remained fully compliant with all provisions
of the Credit Risk Framework (CRF), Credit Risk Framework (CRF), Credit Risk Framework (CRF), Credit Policy Level 2 (2a and 2b), Credit
SOP (Level 3) and Circular Letter. Additionally, it adheres to regulations issued by Bank Indonesia (BI)/OJK as well as other relevant laws
and government regulations
Additionally, the Credit Restructuring Committee evaluated and made decisions on the following matters:
a. Loan restructuring within the scope of credit recovery, including FX and Derivative facilities.
b. Acquisition or transfer of Assets/Collaterals (asset settlement/AYDA).
c. Sale/Transfer of Loans, Securities and Foreclosed asset (asset disposal).
d. Write-off and charge-off.
e. Updating the status of debtors managed by the Remedial team and debtors included in the credit restructuring program.
f. Approval of memos related to changes in loan structure; loan amounts; repayment period; terms and conditions, collaterals; pricing;
etc.).
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INFORMATION AND TECHNOLOGY Authority and Responsibility of Information and
STEERING COMMITTEE Technology Steering Committee
Referring to OJK Regulation No.11/POJK.03/2022 regarding The authority and responsibility of the IT Steering Committee
the Implementation of Information Technology by Commercial is to provide recommendations to the Board of Directors which
Banks, OJK Regulation No.17 of 2023 regarding the include:
Implementation of Governance for Commercial Banks and SE a. Information Technology Strategic Plan that is in line
OJK No. 21/SEOJK.03/2017 regarding the Implementation of with the Bank’s corporate plan. In terms of providing
Risk Management in the Use of Information Technology by recommendations, the IT Steering Committee considered the
Commercial Banks, the IT Steering Committee is required to have factors of efficiency, effectiveness and the following matters:
an IT Steering Committee Charter. • Implementation plan (road-map) to achieve IT
requirements that support the Bank’s business strategy.
Membership and Invitation to the IT Steering The road-map consists of the current state, the future
Committee: state and the steps that will be taken to achieve the
I. IT Steering Committee members and who have voting future state.
rights: • Resources needed.
1. President Director – Chairman • Advantages/benefits to be gained when the plan is
2. Director, Information Technology – Co Chairman implemented.
3. Director, Finance • Obstacles that may arise in implementing the IT
4. Director, Risk Management Strategic Plan.
5. Director, Operations b. Formulation of key IT policies, standards and procedures
6. Director, Global Banking such as IT security policies and risk management related to IT
7. Director, Community Financial Services usage in the Bank.
8. Director, Legal, Compliance, Corporate Secretary & Anti c. Conformity between IT development/projects plan with
Fraud the IT strategic plan including the suitability of measures to
9. Director, Human Capital mitigate risks. The IT Steering Committee also determines
10. Director, Sharia Business Unit the priority status of IT projects that are critical (significant
impact on the Bank’s operational activities) such as the
II. Permanent invitees to the IT Steering Committee replacement of core banking applications, production servers
1. Chief of Satuan Kerja Audit Intern and network topology.
2. Chief Information Security Officer d. Conformity between IT development/project implementation
3. Head, IT Architecture, Digital Delivery & Operation and the agreed IT development/project plan (project
4. Head, IT Community Financial Services Delivery & charter). The IT Steering Committee should supplement
Operation recommendations with analytical results of key IT projects to
5. Head, IT Global Banking Delivery & Operation enable the Board of Directors to make efficient decisions.
6. Head, IT Analytics, Reporting & Corporate Delivery e. Conformity between IT compliance with the needs of
7. Head, IT Infrastructure & Operation management information systems that support the
8. Head, IT Governance, Planning & Project Management management of the Bank’s business activities.
9. Head, IT Security f. Evaluation of the effectiveness of the Bank’s IT costs/
10. Head, Digital Office investments towards the contribution/achievement of
11. Head, Digital Liabilities & Payment, Onboarding benefits as planned.
g. Monitoring of IT performance, and efforts to improve it
In addition to regular invitations, the IT Steering Committee for example by detecting IT obsolescence and measuring
can also invite other officials related to the subject matter to be the effectiveness & efficiency of IT security policy
presented at the IT Steering Committee meeting. implementation.
h. Resolving various IT-related problems that cannot be
The IT Steering Committee meeting quorum is fulfilled if it is resolved by the IT user and organiser work units effectively,
attended by 50% (fifty percent) members + 1 (one) member of efficiently and in a timely manner.
the IT Steering Committee with the rule that the Chairman or Co- i. Adequacy and allocation of the Bank’s resources related IT. In
Chairman must be present at the meeting. the event that the resources are inadequate and the Bank will
use the services of other parties in the implementation of IT,
the IT Steering Committee must ensure that the Bank has the
necessary policies and procedures.
j. Evaluate and approve the implementation of IT projects that
require an investment of more than 1 billion rupiah.
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Duties Implementation 2024
Throughout 2024, the IT Steering Committee has carried out the following duties, among others:
• Conduct regular meetings 9 (nine) times to discuss interests, initiatives and developments within the IT of Bank.
• Provide recommendations in terms of the Bank’s strategic plan of IT development including the establishment of a road map, the
adequacy of the resources and process improvement.
• Provide recommendations in the formulation of key IT policies, standards and procedures.
• To monitor the conformity of the IT projects plan and Bank’s business plan.
• To monitor the implementation progress of IT projects with the initial project plan that have been appointed.
• Provide advice regarding measures to minimise the risk of IT investments made by the Bank, including monitoring the use of IT
project cost budget.
• Present a report on the state and condition of information technology systems used by the Bank, in terms of security, availability,
capacity and compatibility with the technology functions determined and used by the Bank as a whole.
INTERNAL AUDIT COMMITTEE
In order to ensure that Management is aware of all significant internal audit findings that require Management’s attention, Maybank
Indonesia established an Internal Audit Committee (IAC). The Internal Audit Committee also discusses the impact and implications
of the findings on the Bank, follows up on all significant internal audit findings and monitors and ensures that all improvement
commitments are implemented in a timely manner.
Internal Audit Committee Charter
The Internal Audit Committee Charter is set out in the IAC Charter which was updated in December 2023.
Structure and Membership
Structure Position Holders
Chair Director of Finance
Member a. Director of Risk Management / Alternate ¹
b. Director of Community Financial Services / Alternate ²
c. Director of Legal, Compliance & Corporate Secretary & Anti Fraud/ Alternate ³
d. Director of Human Capital / Alternate ⁴
e. Director of Operations / Alternate ⁵
f. Director of Information Technology / Alternate ⁶
g. Head, Community Distribution / Alternate ⁷
h. Head, Local Corporate and Multinationals / Alternate ⁸
Fixed Invitation Head, Internal Audit (SKAI)
Secretary Strategic Operations, Head (SKAI)
1. Head, Operational Risk & Business Continuity/Head, Enterprise Risk Management
2. Head, Business Banking/Head, RSME Banking/Head, SMEPlus Banking/Head, Quality Assurance, Segment, Strategy & QA
3. Head, Corporate Legal & Litigation/Head, Compliance Monitoring & Training 1/ Head, Compliance Monitoring & Training 2
4. Head, Business Human Capital 2
5. Head, Branch Control Operations/Head, Operation Processing Center
6. Head, IT Governance & Planning & Project Management
7. Head, Premises, Branch Planning & Infrastructure Management
8. Head, Public Sector/Head, Embedded Risk Unit/Head, NBFI Relationship Management/Head, LC/MNC Relationship Management
Automatic membership shall apply to incumbents in the capacity of Acting Head.
Committee’s Duties and Responsibilities
The Committee has the following duties and responsibilities:
1. To ensure appropriate management response to audit findings and recommendation (including assessing implications for the whole
Bank).
2. To ensure that audit findings and recommendation are followed-up effectively and in a timely manner.
3. To ensure the effectiveness of management action in implementing audit recommendation.
4. Undertake any other tasks as may be determined by Audit Committee.
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Committee Authorities, Rights and Obligation HUMAN CAPITAL COMMITTEE
1. Members of Committee are authorised to directly Maybank Indonesia established Human Capital Committee
communicate with any party related to the Committee’s to review and change Human Resources (HR) policies on an
duties. ongoing basis. This HR policy review and change is also an effort
2. Committee shall be kept updated on significant audit to realise the implementation of Good Corporate Governance
matters. through control mechanisms and implementation of strategic
3. Committee shall: policies, including in the fields of Learning and Development,
a. Discuss the summary of audit reports prior to submission Compensation and Benefit, Talent Management and other
to Audit Committee. strategic areas.
b. Oversee the effectiveness of management action in
respect of audit findings. The Bank also optimises its supervisory and advisory functions
c. Follow-up and monitor the status of corrective actions on to provide strategic direction and make important decisions,
audit recommendation. develop new policies towards better HR empowerment and
d. Review summary of outstanding audit findings and support the Bank’s business development, and resolve key HR
status. issues that have financial and/or reputational risk implications
for the Bank.
Meeting Frequency and Quorum
1. Meeting to be held periodically aligned with the schedule of Objective
SKAI presentation at the Audit Committee meeting. The Human Capital Committee aims to assist the Board of
2. The presence of 5 (five) members shall form the necessary Directors in reviewing and providing strategic direction in
quorum for the meeting, however presence of minimum 2 the field of human resources of Maybank Indonesia and its
(two) Directors is required to form a quorum. subsidiaries, including but not limited to:
a) General policy on employment
Internal Audit Committee Meeting 2024 b) Employee remuneration and benefits (salary increases,
In 2024, the Internal Audit Committee held 10 meetings, where bonuses, retention programs, benefits, etc.)
all meetings have met the quorum requirements as specified in c) Performance Appraisal Management
the IAC Charter, with the agenda including the following: d) Talent Management (talent identification, succession
1. Discussion of internal audit reports issued during the period planning, talent development programs, etc.)
of November 2023 to October 2024. e) Employee training and development program framework and
2. Presentations from related units regarding the status of plan
follow-up on internal audit recommendations that require f) Organisational structure and ranks
Management’s attention. g) Development of a good working climate
3. Monitoring the status of follow-up on internal audit findings. h) Development of corporate culture
4. Discussion of requests for changes to the deadline for i) Employee relationship development and engagement
fulfilling commitments to internal audit recommendations j) HR policy alignment and synergy with subsidiaries
submitted by related units.
Composition of the Human Capital Committee
Task Implementation and Work Program Realisation 2024 a. President Director as Chairman and Member
b. Human Capital Director as Member
No. Work Program Realisation
c. Director of Community Financial Services as Member
1 Internal Audit Committee Meeting 9 January 2024 d. Global Banking Director as Member
2 Internal Audit Committee Meeting 15 February 2024 e. Finance Director as Member
f. Operations Director as Member
3 Internal Audit Committee Meeting 19 March 2024
g. Risk Management Director as Member
4 Internal Audit Committee Meeting 15 May 2024
h. Director of Legal, Compliance & Corporate Secretary as
5 Internal Audit Committee Meeting 11 June 2024 Member
6 Internal Audit Committee Meeting 9 July 2024 i. Information Technology Director as Member
7 Internal Audit Committee Meeting 14 August 2024 j. Shariah Business Unit Director as Member
8 Internal Audit Committee Meeting 18 September 2024
k. Human Capital Executive as Secretary/Writer
9 Internal Audit Committee Meeting 9 October 2024
10 Internal Audit Committee Meeting 7 November 2024
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Duties and responsibilities of the Human Capital Duties and Responsibilities of the Human Capital Disciplinarian
Committee Committee
a) Provide strategic direction by considering strategic Human • Analyze/review the plan for sanctioning employees who
Capital policies and directions to support the organisational commit the following types of violations:
activities and business development of the Bank and its 1) Violation of the Code of Ethics and Code of Conduct; or
human resources. 2) Integrity violations; or
b) Make decisions for Executive Officers and organise 3) Fraud; or
development programs for Executive Officers and talent 4) Procedural violations or rule violations that have a
employees. significant financial and/or reputational impact on the
c) Provide direction and make strategic decisions on policies Bank; or
related to Human Capital. 5) Violations with direct superiors / Heads of Work Units
who potentially have a conflict of interest with the case
Human Capital Committee Activities 2024 or sanction decision.
Throughout 2024, the Human Capital Committee met 11 times, This is based on:
with agenda discussions covering strategic policy matters 1) Report of Investigation Results (LHI) from the Anti Fraud
including Learning and Development, Compensation and Benefit, (AF) Work Unit; or
Talent Management and other strategic areas. 2) Audit Report (LHA) from the Internal Audit Work Unit (SKAI).
• Provide a recommendation/decision to the relevant
work unit, in the form of the type of sanction that will be
imposed on employees who commit violations.
• Monitoring and evaluating the follow-up to the
HUMAN CAPITAL DISCIPLINARIAN implementation of decisions that have been made.
COMMITTEE • Submit a report on the results of monitoring and
The Human Capital Disciplinarian Committee is a committee evaluation, to the Board of Directors periodically.
formed to review and provide decisions related to sanctions, • Conduct quarterly reviews of violations and sanctions
which are related to violations/errors as stipulated in the imposed on employees during a certain period.
provisions governing sanctions and/or fraud and/or other
violations/errors that have not been regulated or require analysis Authority
from several expert views (sources) to employees at all levels • In providing recommendations on the type of sanctions, the
and/or positions. Human Capital Disciplinarian Committee must still refer to
all applicable laws/regulations.
Committee Composition • Determine ratification (endorsement) of the
The composition of the Committee is as follows: recommendation/sanction decision in the following cases
• Chairman: Director of Human Capital there are similar types of violations in the Audit Report and
• Secretary: Head of Employee Relations and Health Safety Investigation Report, where one of these reports has been
• Permanent Member: reviewed and sanctions decided in the previous Committee
- Director of Legal, Compliance, Corporate Secretary & Meeting.
Anti Fraud (LCCA) • The Human Capital Discipline Committee can give a
- Director of Finance warning to either the relevant work unit or Human Capital -
- Employee Relations Head Employee Relations & Health Safety that does not follow up
- Head of related work unit on the decision that has been determined, and include the
- Head of Business related Human Capital warning in the monitoring and evaluation report that will be
• Resource persons and/or invitees: submitted to the Board of Directors.
- Work Unit National Anti Fraud (NAF)
- Internal Audit Unit (SKAI) Implementation of Sanctions
- Work Unit Operation Risk & Business Continuity • Implementation of sanctions or other actions decided by
- Work Unit General Legal Counsel the Human Capital Disciplinarian Committee, must be
- Work Unit Compliance implemented no later than 7 (seven) working days after the
- Other necessary work units Minute of Meeting (MoM) has been approved and signed by
the Human Capital Disciplinarian Committee.
2024 Human Capital Disciplinarian Committee Meeting
During 2024, the Human Capital Disciplinarian Committee
Meeting was held 4 (four) times with the agenda to discuss and
decide on sanctions in 18 (eighteen) cases.
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CREDIT POLICY COMMITTEE
Credit Policy Committee (CPC) is a committee established by and accountable to the Board of Directors (BOD), to assist the BOD in
conducting risk management functions related to credit or financing.
The CPC’s purpose is to support the BOD in developing policy, overseeing policy implementation, and monitoring the development and
condition of the credit or financing portfolio, as well as to provide recommendations for continuous improvement.
Duties and Responsibilities
a. The committee shall provide input to the BOD on the development of the Bank's Credit Policy (BCP), with a particular focus on the
formulation of prudential principles in credit or financing.
b. The committee shall oversee the implementation of the BCP to ensure it is consistently and effectively applied. The committee
formulates solutions to address any obstacles or constraints encountered during implementation. Additionally, The committee
conducts periodic reviews of the BCP and provides recommendations to management regarding necessary changes or
improvements, and
c. To monitor and evaluate:
i. The overall development and quality of the credit or financing portfolio;
ii. The appropriateness of the implementation of credit or financing approval authority;
iii. The appropriateness of the credit or financing granting process, including improvements and the quality for transactions
involving the Bank's related parties and certain large debtors;
iv. The compliance with and proper implementation of the Legal Lending Limit (LLL);
v. Compliance with applicable laws and regulations in the implementation of credit or financing activities;
vi. The resolution of of non-performing loans in accordance with the stipulations set forth in the BCP; and
vii. The Bank's efforts to maintain adequate provisions for credit or financing losses.
e. The committee shall provide recommendations for corrective actions to the BOD, with a copy submitted to the BOC on matters
related to point d; and
f. In the event of any deviation in the implementation of the BCP that affects compliance with Sharia principles, the report shall also
be submitted to the Sharia Supervisory Board.
g. The committee shall review and ratify materials that have been presented in other meetings and require CPC approval.
h. The committee shall approve materials that require recommendations frm the ROC before seeking approval from the BOC.
i. The committee shall perform any other responsibilities as delegated by the BOD and Risk Oversee Committee (ROC).
Structure and Membership
Member
Chairman President Director
Vice Chairman/ Members Risk Management Director
Members - Finance Director
- Global Banking Director
- Community Financial Services (CFS) Director
- Legal, Compliance, Corporate Secretary & Anti Fraud Director
- Sharia Business Unit Director
- Head, Internal Audit (SKAI)
- Head, Credit Operation
Permanent Invitees - Head, Enterprise Risk Management
- Head, Credit Risk Management
- Head, Retail Credit Portfolio & Policy
- Head, Non Retail Credit Policy & Strategic Risk Management
- Head, Operational Risk & Business Continuity
- Head, Market, Liquidity & Treasury Credit Risk Management
Non-Permanent Invitees Bank Maybank Indonesia Group internal parties
Note: KKP membership structure as approved by the September 2024 Board of Directors meeting.
Duties Implementation in 2024
Until 2023, the functions and responsibilities of the CPC were carried out under the Risk Management Committee (RMC), where CPC-
related agendas were discussed concurrently with RMC meetings.
In December 2024, the CPC was formally established as a separate committee, with its membership structure approved by the BOD. The
first meeting of the CPC as an independent committee was held in January 2024.
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INTEGRATED RISK MANAGEMENT COMMITTEE
The Integrated Risk Management Committee (IRMC) is responsible for recommending an integrated framework or policy to identify,
measure, monitor, manage and control all significant risk factors to the Bank’s Board of Commissioners as the Main Entity for evaluation
and approval.
Structure and Membership
Chair Risk Management Director Bank Maybank Indonesia (MBI)
Alternate Chair/Member President Director of Bank Maybank Indonesia (MBI) or Director of Bank Maybank Indonesia (MBI) who is
Member Director Level
1. Maybank Indonesia: President Director (alternate: Global Banking Director)
2. Maybank Sekuritas Indonesia: President Director (alternate: Operation/Finance Director)
3. Maybank Asset Management: President Director (alternate: Director)
4. Maybank Indonesia Finance: President Director (alternate: Operation Director)
5. Wahana Ottomitra Multiartha: President Director (alternate: Risk Management Director)
6. Asuransi Etiqa Internasional Indonesia: President Director (alternate: Finance Director/Technical
Director)
Executive Officer Level
1. Maybank Indonesia: Head, Enterprise Risk Management
2. Maybank Sekuritas Indonesia: Head, Risk Management (alternate: Head, Compliance)
3. Maybank Asset Management: Head, Compliance & Risk Management (alternate: Head, Risk
Management)
4. Maybank Indonesia Finance: Head, Risk Management (alternate: Head, Legal & Compliance)
5. Wahana Ottomitra Multiartha: Head, Risk Management (alternate: Operational Risk & Enterprise Risk
Management, Dept. Head)
6. Asuransi Etiqa Internasional Indonesia: Head, Risk Management (alternate: Manager, Compliance)
Fixed Invitation 1. Board of Director MBI
2. Head, Market, Liquidity & Treasury Credit Risk Management MBI
3. Head, Operational Risk & Business Continuity MBI
4. Head, Credit Risk Management MBI
5. Head, Non Retail Credit Policy & Strategic Risk Management MBI
6. Head, Retail Credit Portfolio & Policy MBI
7. Head, Compliance MBI
8. Head, Internal Audit MBI
Invitation Internal parties within Maybank Indonesia Financial Conglomeration who are requested to attend the
Integrated Risk Management Committee meeting
Quorum Meetings of this Committee can only be held when attended by:
1. Chairman; and
2. At least 7 members/more than 50% of total members
Meeting Frequency Quarterly (4 times a year)
Secretary Head, Enterprise Risk Management MBI
Duties and Responsibilities
1. Review and recommend strategies, governance, framework/policies, risk tolerance and risk appetite limits related to Integrated Risk
Management for approval by the Board of Commissioners of the Primary Entity.
2. Review, provide input, and assess the adequacy of the Integrated Risk Management framework/policy in identifying, measuring,
monitoring, and controlling risks as well as its effectiveness.
3. Review periodic reports on risk exposure, risk portfolio composition, and risk management of each entity (Enterprise Risk Dashboard
- ERD).
4. Reviewed the impact of risks on capital adequacy, profitability, and asset quality under stress scenarios, and recommended follow-up
actions to the Board of Commissioners of the Lead Entity.
5. Reviewed and recommended to the Board of Commissioners of the Primary Entity on strategic measures arising from regulatory
rules that impact on the implementation of Integrated Risk Management.
6. Review and recommend corrective measures to address risk issues as submitted by regulators related to the implementation of
Integrated Risk Management.
7. Reviewed and assessed the adequacy of processes, information systems and internal control systems of Integrated Risk
Management and its mitigation measures.
8. Provide oversight and strategic direction for significant risk issues (including but not limited to significant risks due to new
products and initiatives) and ensure such tasks receive the necessary support and priority across Maybank Indonesia Financial
Conglomeration as well as alignment with the direction and objectives of Maybank Group.
9. Carry out other responsibilities such as improving the implementation of Integrated Risk Management as may be delegated to the
Integrated Risk Management Committee by the Board of Commissioners of the Primary Entity from time to time.
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Duties Implementation Year 2024
During 2024, some of the duties of the Integrated Risk Management Committee included the following:
• Periodic review of the Terms of Reference of the Integrated Risk Management Committee.
• Periodic review of the Integrated Risk Appetite Statement (RAS) including its monitoring.
• Periodic review of Integrated Capital Contingency Plan
• Periodic review of Integrated Capital Management Framework
• Monitoring of Integrated Enterprise Risk Dashboard (ERD)
• Results of Integrated Risk Profile Assessment including its reporting.
• Monitoring and reporting of Integrated Minimum Capital Adequacy on a regular basis.
• Update Cyber Risk Management
• Update PDP
• Update FCC
TRANSFORMATION STEERING COMMITTEE
The Board of Directors has established a Transformation Steering Committee (TSC) to oversee the implementation of the Bank's
strategic development initiatives. This formation is in response to the rapid evolution of the financial services industry, especially in
banking, aiming to effectively manage the execution of increasingly complex development initiatives. The Transformation Steering
Committee is also tasked with ensuring that these strategic initiatives are managed and executed efficiently and effectively.
Purpose
The purpose of the Transformation Steering Committee is to assist the Board of Directors in its duty to guide and oversee efforts in
designing, implementing, and managing the Bank's strategic initiatives. This is undertaken with the goal of boosting performance
and competitiveness, thereby effectively navigating the challenges and opportunities presented by the constantly evolving business
landscape.
Structure and Membership
Member
Chair President Director
Member President Director
Risk Management Director/Alternate*1)
Finance Director/ Alternate*2)
Global Banking Director /Alternate*3)
Community Financial Services (CFS) Director /Alternate*4)
Legal, Compliance & Corporate Secretary Director /Alternate*5)
Operations Director /Alternate*6)
Human Capital Director /Alternate*7)
IT Director /Alternate*8)
Head, Strategy & Transformation Office
Permanent Invitee
Permanent Invitee Head, Community Distribution
Head, Digital Banking
Head, Pricing & Data Analytics
Initiative Owner & Transformation Delivery Team (TDT) Leads
Initiative Owner & Transformation Delivery Team (TDT) Leads
Non-permanent Invitee
Non-permanent Invitee Bank Maybank Indonesia Group internal parties
Secretary
Secretary Head Accounting Policy and Project
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Alternate f. Leading human resources strategy and change management
*1) Head, Non Retail Credit Policy & Strategic Risk Management to support staff through transitions and promote continuous
*2) Head, Financial Planning Performance. Management & Inv. improvement culture;
Relation g. Facilitating communication clearly and consistently within
*3) Head, Business Planning, Performance, dan Embedded Risk the organisation and with external stakeholders;
Unit (ERU) h. Determining the scope, schedule, and expected outcomes for
Head, Local Corporate & Multinationals
transformation initiatives, including success criteria;
*4) Head, CFS Non-Retail Credit Process
Head, CFS Retail Credit Process
i. Approving new initiatives and making decisions on their
Head, Business Planning continuation, modification, or termination;
*5) Head, Compliance j. Approving changes in scope and expected outcomes of
Head, Anti Fraud Transformation initiatives.
Head, Corporate Legal & Litigation
k. Confirming the organisational structure and membership for
*6) Head, Operation Processing Center transformation initiatives;
Head, Branch Control Operations
l. Issuing recommendations and approvals for the budget of
*7) Head, Business Human Capital
transformation initiatives;
*8) Head IT Architecture, Governance & Planning m. Offering guidance and consent for the appointment
Head IT Infrastructure and Operation
of external parties to assist in the implementation of
transformation initiatives.
Roles and Authorities n. Agree changes to the scope and expected outcomes of
a. Providing strategy direction to ensure the alignment of Transformation initiatives.
transformation with the bank's long-term goals;
b. Overseeing the integration of new technology and digital Implementation of Transformation Steering
innovation to enhance banking operations and customer Committee Duties during 2024
service; Throughout 2024, the Transformation Steering Committee
c. Managing operational changes to increase efficiency, convened a total of 9 times, with agenda discussions that
productivity, and service delivery; included monitoring the implementation of developments,
d. Maintaining financial discipline and ensuring effective providing recommendations, and overseeing the outcomes of
resource allocation throughout the transformation process; ongoing strategic initiatives.
e. Guiding risk management and compliance efforts to adhere
to regulatory standards and minimise operational risks;
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IMPAIRMENT COMMITTEE
The Bank established an Impairment Committee to assist supervisory function over the establishment of allowance for impairment
losses of loans and securities portfolio in accordance with the prevailing PSAK and internal policy. The establishment of the Impairment
Committee has been approved by the Board of Directors through the Board of Directors Meeting dated 21 January 2015.
Objectives
To supervise the financial implications of impairment on loans and securities in accordance with prevailing PSAK and related internal
policy.
Structure and Membership
Member
Chairman Director of Finance
Member – Business Unit Global Banking
Global Banking Director
Head, GB Business Planning & Performance Management
Community Financial Services
Community Financial Services Director
Head, Business Banking
Head, SME Plus Banking
Head, RSME Banking
Head, Consumer
Head, CFS Business Planning & Analytics
Member – Risk Management Risk Management Director
Head, Credit Risk Management
Head, Retail Credit Policy and Portfolio Management
Head, Global Banking and Business Banking Remedial
Head, SME & Consumer Collection
Member - Finance Head Finance & Accounting
Head Financial Planning, Performance Management and Investor Relation
Secretariat
Secretariat Head Accounting Policy and Project
Duties and Responsibilities
1. Conduct reviews on loan and securities accounts, especially those with credit limits above Rp15 billion, which experiencing
significant increase in credit risk and/or impaired.
2. Conduct reviews, assess and carry out tests on the fairness and adequacy of allowance for impairment losses for loan and securities
that experiencing significant increase in credit risk and/or impaired to compliance with the prevailing PSAK, including the
reclassification of loans and securities that no longer meet the criteria of significant increase in credit risk and/or impaired, and the
assumptions used in calculating allowance for impairment losses.
3. To ratify the amount of allowance for impairment losses for loans and securities that experiencing significant increase in credit risk
and/or impaired.
4. Reviewing the implications of other changes related to allowance for impairment losses that have an impact on financial statements,
such as updating LGD and FL Scalar or changes in PD, FL, EAD and LGD methods and models as per related prevailing internal policy.
5. Conduct reviews on proposed mitigation of impaired from business unit.
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Corporate Secretary
Maybank Indonesia continuously builds and maintains good As Corporate Secretary, she acts as a liaison between Maybank
communication with regulators, investors, capital market circles, Indonesia and the Capital Market Authority, Bank Indonesia,
and the general public. In this regard, Maybank Indonesia has the Indonesia Stock Exchange, and other related institutions.
a Corporate Secretary who plays an important role in ensuring She monitors Maybank Indonesia's compliance with capital
smooth communication between the Bank and stakeholders market regulations and provisions and ensures that the Bank's
and ensuring the timely and accurate delivery of information management understands the changes and their implications.
to all stakeholders. All information conveyed by the Corporate
Secretary to the public is official information from the Bank as an LEGAL BASIS FOR APPOINTMENT OF
Issuer or Public Company. CORPORATE SECRETARY
Putu Dewika Angganingrum was appointed as Corporate
Secretary of Maybank Indonesia through the Decree of the
CORPORATE SECRETARY PROFILE Board of Directors No. SK.2024.001/DIR COMPLIANCE dated
1 April 2024. The appointment and promotion of the Corporate
Secretary have been reported to the Financial Services
Authority and the Indonesia Stock Exchange through Letter No.
S.2024.096-097/MBI/DIR COMPLIANCE dated 3 April 2024, and
published on the Bank's website (www.maybank.co.id) and the
Indonesia Stock Exchange website on 3 April 2024.
TERM OF OFFICE OF CORPORATE
SECRETARY
Putu Dewika Angganingrum has been appointed as Corporate
Secretary effective since 1 April 2024*)
Note:
*) For the period of 21 March 2023, to 1 April 2024, Maybank
Indonesia appointed Muhamadian as Corporate Secretary. The
Putu Dewika Angganingrum legal basis for the appointment of Muhamadian as Corporate
Corporate Secretary Maybank Indonesia Secretary is the Decree of the Board of Directors of PT Bank
Maybank Indonesia Tbk. No. SK.2023.002/DIR COMPLIANCE
Citizenship dated 21 March 2023. The appointment and promotion have
Indonesian citizen been reported to the Financial Services Authority and the
Age Indonesia Stock Exchange through Letter No. 045-046/MBI/DIR
35 years old. COMPLIANCE-Corporate Secretary dated 24 March 2023, and
Domiciled are published on the Bank's website (www.maybank.co.id) and
Jakarta, Indonesia the Indonesia Stock Exchange website.
The Corporate Secretary position of Maybank Indonesia is held
by Putu Dewika Angganingrum. She joined Maybank Indonesia
in 2024 as Corporate Secretary of Maybank Indonesia. Prior to
joining Maybank Indonesia, she served as Corporate Secretary
and Head of Legal and Compliance in PT Danareksa (Persero).
She started her career as a corporate lawyer at HHP Baker
Mckenzie.
Putu Dewika Angganingrum obtained a Bachelor of Laws degree
from the University of Indonesia.
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CORPORATE SECRETARY EDUCATION AND TRAINING IN 2024
No. Date Training & Course Organiser
1 30 January 2024 Discussion: BEI (“Bursa Efek Indonesia”)
One on One Meeting ASEAN Corporate Governance Scorecard
(“ACGS”) 2024 - Discussion and Consultation of Listed
Companies with RSM Indonesia regarding the Implementation of
Good Corporate Governance and/or ACGS in the Company
2 14 March 2024 Seminar: BEI dan UN Women, Indonesian Global
Ring the Bell for Gender Equality 2024 Compact Network
(IGCN), International Finance Corporation
(IFC), dan Indonesia Business Coalition for
Women Empowerment (IBCWE)
3 23 April 2024 Seminar: BEI, PT Kliring Penjaminan Efek Indonesia
Debt Capital Market Seminar 2024 - Outlook, Opportunity, and (KPEI), dan PT Kustodian Sentral Efek
Sustainability Indonesia (KSEI) yang bekerja sama
dengan PT Pemeringkat Efek Indonesia
(PEFINDO) dan Credit Guarantee &
Investment Facility (CGIF)
4 25 April 2024 Webinar: OJK (Otoritas Jasa Keuangan)
“Opportunities and Challenges of Open Finance in Indonesia”
5 26 April 2024 Socialisation: BEI
Regulation Number I-I concerning Stock Splits and Stock Mergers
by Listed Companies Issuing Equity Securities
6 6 May 2024 Webinar: Komite Nasional Kebijakan Governansi
Socialisation of Etak Governance Pillars (Ethical Behavior,
Transparency Accountability, Sustainability) and Annual Report
Award 2023
7 16 May 2024 Webinar: BEI
Socialisation of Regulation Number I-N concerning Delisting and
Relisting
8 3 June 2024 Socialisation:
KSEI Regulation No. VI D concerning Service Fees for the KSEI (Kustodian Sentral Efek Indonesia)
Electronic General Meeting System KSEI (eASY.KSEI)
9 5 June 2024 Socialisation of the Implementation of the 2023 Annual Report OJK dan BEI
Award
10 18 July 2024 Socialisation of Changes to Regulation Number I-X concerning BEI
Placement of Equity Securities Listing on the Special Monitoring
Board
11 10 September 2024 Socialisation related to Periodic Reports: OJK & AEI (“Asosiasi Emiten Indonesia”)
- OJK Regulation No. 29 of 2016 concerning Annual Reports of
Issuers or Public Companies
- OJK Regulation No. 14 of 2022 concerning Submission of
Periodic Financial Statements of Issuers or Public Companies
12 8 October 2024 Socialisation: OJK
Focus Group Discussion on Perception of PKK Licensing
Management and Ownership of Commercial Banks
13 15 October 2024 Socialisation: OJK & AEI
OJK Regulation No. 4 of 2024 concerning Reports on Ownership
or Any Changes in Ownership of Public Company Shares and
Reports on Activities of Pledge of Public Company Shares
14 8 November 2024 Socialisation: BEI
Exchange Regulation Number I-K concerning the Listing of Asset-
Backed Securities in the Form of Collective Investment Contracts
15 14 November 2024 Socialisation: OJK & AEI
OJK Regulation and Circular Letter of the Financial Services
Authority (“SEOJK”) regarding Public Accountants and/or Public
Accounting Firms:
- OJK Regulation No. 9 of 2023
- OJK Circular Resolution No. 18 of 2023
16 2 December 2024 Socialisation of Draft OJK Regulation on Bank Secrecy, Financial OJK
Conglomeration and Financial Conglomeration Holding
Companies and Written Orders
17 13 December 2024 Seminar: AEI & BEI
Issuer Synergy in Building Sustainable Economic Growth
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No. Date Training & Course Organiser
18 13 December 2024 Socialisation: BEI
SPE-IDXnet related to the Development of Public Accountant/
Public Accounting Firm Reporting Forms, Structured Warrants
and Environmental, Social and Governance
19 24 December 2024 Socialisation: KSEI
Pre-Implementation of Ownership Report or Any Change in
Ownership of Public Company Shares and Report on Activities of
Pledge of Public Company Shares
DUTIES AND RESPONSIBILITIES OF THE CORPORATE SECRETARY WORK UNIT
CORPORATE SECRETARY TARGETS
In general, the Corporate Secretary has the following duties and Maybank Indonesia has a Corporate Secretary Work Unit as a
responsibilities: work unit that supports the duties and responsibilities of the
1. Following developments in the Capital Market, especially the Corporate Secretary. The Corporate Secretary Work Unit carries
laws and regulations applicable in the Capital Market sector out its obligations in providing technical and administrative
2. Providing input to the Board of Directors and Board of support as well as analysis to the Board of Directors/Board
Commissioners to comply with the provisions of laws and of Commissioners/Shareholders, ensuring that corporate
regulations in the Capital Market sector and in the field of governance can be implemented and carried out properly.
corporate law The Corporate Secretary Work Unit has work targets including
3. Assisting the Board of Directors and Board of Commissioners the following:
in implementing corporate governance, which includes: 1. Acting as the Bank's contact person with stakeholders,
• Disclosure of information to the public, including the including regulators, in relation to the Bank's status as a
availability of information on the Bank's website public banking company
• Submission of reports to the Financial Services Authority and 2. Making efforts to ensure that the Bank's business activities,
other regulators on time including the delivery of information disclosure to authorities
• Organising and documenting General Meetings of and the public, have been carried out in accordance with
Shareholders ("GMS") applicable laws and regulations in relation to the Bank's
• Organising and documenting meetings of the Board of status as a Public Banking Company
Directors and/or Board of Commissioners 3. Achieving orderly administration and completeness as well
• Providing advice and recommendations related to the as security of the Bank's important documents
principles of Good Corporate Governance (GCG) to the 4. Fulfillment of shareholder rights and the Bank's obligations
Bank's management, committees, and subsidiaries to shareholders through the Bank's compliance with
4. As a liaison between the Bank and shareholders, the Financial applicable laws and regulations for public banking companies
Services Authority, and other stakeholders 5. Availability of adequate information for the Board of
5. Responsible for managing the storage of important Bank Directors and/or Board of Commissioners for decision-
documents making materials by the Board of Directors and/or Board
6. Manage the Bank's Shareholder List and Special List of Commissioners and ensuring that decision-making
7. Act as Secretary of the Bank's Integrated Good Corporate procedures are in accordance with applicable provisions,
Governance ensuring that the resulting decisions are valid and
8. Prepare documents and assist in the Fit & Proper Test accountable.
process for prospective members of the Bank's Board of 6. Good organisation of GMS, Board of Directors Meetings,
Commissioners and/or Board of Directors and/or Board of Commissioners Meetings, including
recording the course of the Meeting and documenting and
managing the Minutes of GMS, Board of Directors Meetings,
and/or Board of Commissioners
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7. Good organisation of all activities involving the Board of 4. Organise and attend Board of Commissioners Meetings, Joint
Directors and/or Board of Commissioners Meetings of the Board of Commissioners and the Board of
8. Good organisation of document management related to the Directors, and Board of Directors Meetings.
recording of share ownership in the Shareholders Register 5. Prepare Minutes of Board of Commissioners Meetings, Joint
or Special Register as referred to in Article 50 of the Limited Meetings of the Board of Commissioners and the Board of
Liability Company Law and documents related to corporate Directors, Board of Directors Meetings, and Integrated Good
actions Corporate Governance Meetings, and document the Minutes
9. Obtaining the most recent knowledge related to capital of the Meetings.
market developments, ensuring that input/views can 6. Organise and attend Committee Meetings at the Board of
be provided to the Board of Directors and/or Board of Commissioners level, including Integrated Good Corporate
Commissioners related to capital market provisions, Governance Meetings where the Bank is the Main Entity in
especially aspects of information disclosure, including the Maybank Indonesia Financial Conglomeration.
reporting on the Bank's corporate actions 7. Conduct Self-Assessment and prepare Corporate Governance
10. Availability of internal regulations in accordance with the Implementation Report for semester 1 and semester 2 of
applicable hierarchy as a reference for employees in carrying 2024.
out the Bank's daily activities 8. Prepare an Integrated Governance Implementation Report
for the Financial Conglomeration for semester 1 and semester
BRIEF REPORT ON THE 2 of 2024.
IMPLEMENTATION OF THE CORPORATE 9. Provide recommendations on changes and adjustments
SECRETARY FUNCTION IN 2024 to the Work Procedure and Guidelines of the Board of
1. Following the development of Capital Market Regulations Commissioners and Board of Directors and Committees at
and providing input to the Board of Directors and the Board the Board of Commissioners and Board of Directors level in
of Commissioners, especially regarding the issuance of accordance with current regulations.
new regulations from the Capital Market Authority and the 10. Review the Bank's website and provide input on information
Financial Services Authority. that must be disclosed to the public.
2. Holding an Annual GMS on 1 April 2024, and an 11. Conduct information disclosure to the public by providing
Extraordinary GMS on 27 September 2024, and documenting information on the website and reporting to the Indonesia
the minutes of the meeting and deeds of the GMS along Stock Exchange and the Financial Services Authority any
with reports to regulators and the public regarding the material information that is estimated to affect investors or
implementation of the GMS in question. securities prices on the Exchange.
The Annual GMS and Extraordinary GMS of Maybank 12. Provide services for any information needed by shareholders
Indonesia are held physically and electronically using related to the Bank's condition.
the KSEI Electronic General Meeting System Application 13. Provide input to the policy-making work unit on internal
(“eASY.KSEI Application”) provided by PT Indonesian policies/regulations and act as a coordinator on the Review
Central Securities Depository (“KSEI”), in accordance Team to review the feasibility and adequacy of data/
with the provisions of the Financial Services Authority information in a draft internal regulation.
(“OJK”) Regulation Number 15/POJK.04/2020 concerning 14. Prepare documentation and assist in the Fit and Proper Test
the Planning and Implementation of General Meetings process for the President Director, Director in Charge of
of Shareholders of Public Companies, Financial Services the Compliance Function, Director of the Sharia Business
Authority Regulation Number 16/POJK.04/2020 concerning Unit, several Directors of the Company, Independent
the Implementation of General Meetings of Shareholders of Commissioners, Chairman, and Members of the Company's
Public Companies Electronically, KSEI Regulation Number Sharia Supervisory Board.
XI-B concerning Procedures for the Implementation
of General Meetings of Shareholders Electronically Corporate Secretary
Accompanied by Voting through the KSEI Electronic General Putu Dewika Angganingrum
Meeting System (“eASY.KSEI”), and Article 11 paragraph 1 of Maybank Indonesia, Sentral Senayan III, 25th Floor
the Company's Articles of Association. Jl. Asia Afrika No. 8, Gelora, Tanah Abang, Central Jakarta, 10270,
3. Fulfill the obligation of Public Expose by submitting Public Indonesia
Expose material together with the submission of the Tel.: +6221 29228888
Company's Annual Audited Financial Statement on 27 Fax.: +6221 29228914
February 2024, in order to fulfill the obligation to submit e-mail: CorporateSecretary@maybank.co.id
information to the public based on Indonesia Stock Exchange
Regulation Number I-E concerning Obligations to Submit
Information.
526 2024 Annual Report
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Corporate Security Management
ESTABLISHMENT • Responsible for the security protection of executives such
The establishment of Corporate Security Management aims to as the Board of Directors, the Board of Commissioners, and
centralise the management of the Bank’s physical security, so other important parties (VIP) in Maybank Indonesia.
that it becomes more focused and effective. In organisational • Responsible for conducting education/socialisation programs
structure, Corporate Security Management is under the to all employees to raise awareness on the implementation
Directorate of Legal, Compliance & Corporate Secretary based on of physical security and prevention of violence in the work
STO 2019.005 dated 15 July 2019 concerning the Organisational environment.
Structure of the Directorate of Legal, Compliance & Corporate • Together with the Business Continuity Management work
Secretary, which was last amended based on STO 2020.014 dated unit to develop procedures for handling emergencies/crisis
6 November 2020. The Head of Corporate Security Management and incidents that have an impact on the Bank.
reports directly to the Head of Corporate Secretary.
IMPLEMENTATION OF CORPORATE
DUTIES & RESPONSIBILITIES SECURITY MANAGEMENT ACTIVITIES
The Bank’s Corporate Security Management has various duties 2024
and responsibilities as follows: The implementation of Corporate Security Management
• Responsible for managing physical security risks and activities throughout 2024 is as follows:
supervising all efforts to provide security and protection 1. Supporting “Business Continuity Management” activities in
against various threats to the company, including human the implementation of emergency response.
resources and company assets/facilities, so as to create a
safe situation for the continuity of the Bank’s business. 2. The change of uniforms for security guard personnel in
• Responsible for defining in detail and firmly the duties of accordance with the Indonesian National Police Regulation
each party involved in the implementation of security in Number 1 of 2023 on the Amendment to the Indonesian
the company (Security Vendors, Security guard Personnel) National Police Regulation Number 4 of 2020 regarding
including providing input to Security Vendors regarding Private Security.
routine mental and physical development of Security guard 3 In collaboration with the Maybank Marathon committee,
personnel to form professionalism. CSM provides support for executive protection during the
• Responsible for the implementation of security which marathon event.
includes the protection of assets/facilities of the head
office and branch offices, prevention of violence in the work
environment, access control systems, security alarms and
CCTV (closed circuit television), and 24-hour Security Control
Room that monitors the security situation and coordinates
with branch offices
• Responsible for controlling the overall budget of outsourced
personnel of the Bank’s Security Unit.
2024 Annual Report PT Bank Maybank Indonesia Tbk 527
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and Analysis
Compliance Unit
COMPLIANCE UNIT HEAD PROFILE
Iwan Nugroho
The profile has been included in the part of Executive Officer Profiles.
ORGANISATIONAL STRUCTURE OF COMPLIANCE UNIT
Compliance
GB, SME & Risk Retail, Syariah Branch & Support
Compliance Compliance
Management & Governance Functions IT Compliance
Monitoring & Monitoring &
Compliance Compliance Compliance Advisory
Training 1 Training 2
Advisory Advisory Advisory
The Organisational Structure of the Compliance Working Unit is cited in accordance with the Organisational Structure of the Directorate
of Legal, Compliance, Corporate Secretary & Anti Fraud No.STO.2022.008.
COMPLIANCE PRINCIPLES BASED ON POJK
Maybank Indonesia manages compliance risk and ensures the implementation of compliance culture in the Bank’s activities, in line
with OJK Regulation No.46/POJK.03/2017 on the Implementation of Compliance Function of Commercial Banks. Compliance risk
management is important due to the increasing complexity of the Bank’s business activities in line with the development of information
technology, globalisation, and financial market integration. In addition, the compliance function itself is one of the indicators in the
implementation of Good Corporate Governance (GCG), which is also an important factor in assessing the Bank’s health level. Therefore,
Maybank Indonesia is committed to continuously implement compliance risk management based on the following compliance
principles:
a. Compliance starts at the top (Tone from the Top),
b. Compliance is the responsibility of all parties,
c. Compliance is carried out for the fulfillment of applicable laws and regulations.,
d. Implementation of compliance to be carried out with competence and integrity in accordance with responsibilities,
e. Stakeholder-oriented,
f. Dedication to the Bank, and
g. Problem-solving orientation.
COMPLIANCE FUNCTION
The Compliance Working Unit (SKK) is established separately, independent of the operational working units and free from the influence
of other working units, and has direct access to the Director in charge of the Compliance Function. The Compliance Working Unit is
established at the Bank’s head office, but its scope covers all office networks and work units in the Bank.
In implementing the compliance program at PT Bank Maybank Indonesia Tbk, the Compliance Director is assisted by the Compliance
Working Unit to ensure the Bank’s level of compliance with Bank Indonesia (“BI”) and Financial Services Authority (“OJK”) Regulations
and other applicable laws and regulations and also to monitor the fulfillment of commitments made by the Bank to the competent
authorities.
The latest update of the organisational structure of the Directorate of Legal, Compliance, Corporate Secretary & Anti Fraud is contained
in Organisational Structure No.STO.2022.008 dated 30 May 2022 concerning the Organisational Structure of the Directorate of Legal,
Compliance, Corporate Secretary & Anti Fraud which, among others, is related to the adjustment of the structure of the Financial Crime
Compliance and Anti Fraud Unit.
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DUTIES AND RESPONSIBILITIES
SKK functions to assist the Compliance Director in effectively managing compliance risks faced by the Bank, realising the
implementation of Compliance Culture at all levels of the organisation and business activities of the Bank and monitoring the fulfillment
of commitments made to the competent authorities. Broadly speaking, the duties and responsibilities of the SKK are as follows:
Duties and Responsibilities of SKK
Responsible for establishing measures that support the creation of a culture of compliance in all business activities of the Bank and at all levels of the
organisation.
• Responsible for identifying, measuring, monitoring, and controlling the Bank’s compliance risk.
• Responsible for assessing and/or evaluating the adequacy and suitability of policies, systems, and procedures owned by the Bank against the
provisions of Bank Indonesia (BI), the Financial Services Authority (OJK) and other applicable laws and regulations, as well as recommending updates
and improvements to policies, systems, and procedures based on regulatory developments.
• Act as a contact person in handling compliance issues, submitting applications for new product/service/activity licenses, and fulfilling the Bank’s
commitments to BI and OJK.
• Responsible for providing advice to business and support work units in an effort to fulfil regulatory requirements and compliance.
• Responsible as coordinator of the functions/duties of the Integrated Compliance Working Unit (SKKT) in the Maybank Indonesia Financial
Conglomeration (MIFC).
• Responsible for preparing the Compliance Function Implementation Report and other reports necessary for management to understand the Bank’s
position in the regulatory environment.
• Ensure that the policies, provisions, systems, and procedures, as well as business activities carried out by the Bank are in accordance with the
provisions of OJK, BI, and statutory provisions.
• Ensure the Bank’s compliance with commitments made by the Bank to OJK, BI, and/or other authorised supervisory authorities.
• Conduct monitoring and examination processes to identify potential compliance risks in work units and branch offices in order to improve
compliance culture.
• Improving the culture of compliance in all operational activities of the Bank by conducting Focus Group Discussions (FGDs) and organising training/
refreshment programs on applicable regulations.
IMPLEMENTATION OF COMPLIANCE ACTIVITIES AND EVENTS IN 2024
Throughout 2024, the Compliance Work Unit has carried out a number of activities to support and improve the Compliance Culture
bankwide at all levels of the organisation, including the following:
1. Reviewing draft policies, provisions, systems, and procedures to ensure that the draft policies, provisions, systems, and procedures
are in accordance with the provisions of the Financial Services Authority, Bank Indonesia, and other relevant laws and regulations.
2. Providing recommendations for updating and improving the Bank's policies, provisions, systems, and procedures based on a gap
analysis of new regulation issued by the Financial Services Authority, Bank Indonesia, and other laws and regulations.
3. Optimising the use of the LCCA Site as a means to provide advisory, carry out monitoring activities on the fulfilment of newly
issued Regulatory provisions (regulatory monitoring), carry out Compliance Plan Self-Assessment (CPSA) activities, and serve as a
repository for the FCC Database, Legal, Notary lists and others.
4. Review and update significant training materials and refreshment training delivered by the Compliance Work Unit, ensuring that
they are in line with the latest Regulatory provisions.
5. Review the Compliance Framework and Compliance Manual to adjust to organisational developments and applicable regulations.
6. Monitor compliance risks across all work unit lines and submit the results in a compliance risk profile report.
7. Conduct compliance testing of Work Units and/or Branch Offices in accordance with the Compliance work plan in order to ensure
that understanding and implementation of work procedures are in accordance with Regulatory provisions.
8. Involve Compliance Work Unit employees in internal and external training in order to improve employee understanding,
2024 Annual Report PT Bank Maybank Indonesia Tbk 529
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
competence, and capability.
9. In order to improve the compliance culture, which is part of COMPLIANCE INDICATOR 2024
the corporate culture, it is necessary to carry out activities/ 1. Capital Adequacy Ratio (CAR - credit risk, market risk,
programs that can improve Compliance Awareness, including and operational risk) above the minimum required by the
by conducting socialisation to employees in the Work Unit regulator.
and/or Branch Office regarding Compliance Awareness and/ 2. There were no exceedances or violations of the provisions of
or other Banking Regulations. the legal Lending Limit (LLL) during 2024.
10. Monitor and analyse the findings of the audit results 3. Net Non-Performing Loan (NPL) does not violate the
conducted by the Regulator and periodically submit follow- maximum limit of 3%.
up reports on the Bank's commitment to the Regulator, as 4. Statutory Reserves (GWM) and Foreign Currency Reserves do
well as coordinate with related work units if there is a change not violate the minimum limit requirements of the Regulator.
in the Bank's commitment to the Regulator. 5. Net Open Position (on- and off-balance sheet) does not
violate the maximum limit of 20%.
COMPLIANCE ACTIVITY 2024 6. The self-assessment of Bank’s Soundness Level as of 2024
is Composite Rating 2, which reflects the Bank’s generally
No Compliance Activity 2024 healthy condition so that it is considered capable of facing
significant negative influences from changes in business
1. Compliance Advisory 3,161 conditions and other external factors, based on the results
2. Compliance testing KC: 96 of the OJK assessment, the Bank's Soundness Level for the
KP: 11 December 2023 period is Composite Rating 2.
7. Commitments to external parties can generally be fulfilled
3. Training/Socialisation conducted by 94
Compliance well.
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Administrative Sanctions
During the year 2024, there were no material administrative sanctions against the Bank, members of the Board of Commissioners
and members of the Board of Directors, by the Financial Services Authority and other authorities, affecting the continuity of Maybank
Indonesia’s business or sanctions affecting the Bank’s Management.
2024 Annual Report PT Bank Maybank Indonesia Tbk 531
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and Analysis
Implementation of the Anti-Money
Laundering Program, Counter-Terrorism
Financing, and Prevention of the
Financing of Weapons of Mass Destruction
Proliferation Program (AML CFT & CPF)
HEAD OF FINANCIAL CRIME COMPLIANCE PROFILE
Financial Crime Compliance Head is is Rika. Further details of the FCC Head is included in the Executive Officer Profiles Section.
FINANCIAL CRIME COMPLIANCE ORGANISATIONAL STRUCTURE
Head, Financial
Crime Compliance
FCC Policy & FCC Transaction FCC Support & FCC Regulatory
Advisory Monitoring Transformation Reporting
In order to effectively ensure Bank’s compliance with the Anti-Money Laundering, Counter Financing of Terrorism, and Prevention of
Financing of Proliferation of Weapons of Mass Destruction (AML, CFT & CPF) program, Maybank Indonesia has established a dedicated
Financial Crime Compliance (FCC) Unit. The establishment of this unit is in accordance with Financial Services Authority Regulation
Number 8 of 2023 concerning the Implementation of Anti-Money Laundering, Prevention of Terrorism Financing, and Prevention of
Financing for the Proliferation of Weapons of Mass Destruction in the Financial Services Sector, as well as Financial Services Authority
Circular Letter No. 32/SEOJK.03/2017 concerning the Implementation of Anti-Money Laundering and Terrorism Prevention Programs in
the Banking Sector, along with related regulations issued by regulators and the government.
IMPLEMENTATION OF AML, CFT & CPF PROGRAM
Maybank Indonesia implements AML, CFT & CPF Program in accordance with applicable regulations, which includes:
1. Board of Directors and the Board of Commissioners active oversight on Maybank Indonesia’s AML, CFT & CPF Program, among
others, is as follows:
a. Conducting discussions related to the implementation of AML, CFT & CPF Program through committee, including Board of
Directors, Board of Commissioners, Risk Management Committee, Risk Oversight Committee and Integrated Risk Management
Committee.
b. Approving the AML, CFT & CPF Program Policy in accordance with applicable regulations.
c. Approving system development initiatives to support the implementation of AML, CFT & CPF Program.
d. Approval of Suspicious Transaction Report by the Compliance Director before it is reported to regulator (PPATK)
2. The FCC work unit conducts activities related to AML, CFT & CPF policies and procedures on an ongoing basis in accordance with
the latest regulations from OJK and PPATK Regulators, among others:
a. Issuing internal policies and procedures supporting the implementation of AML, CFT & CPF Program to ensure that the Bank’s
operations are in accordance with the prevailing rules and regulations.
b. Conduct reviews and provide advisory related to policies and procedures of other work units so that they are in line with the
implementation of the AML, CFT & CPF Program Policy.
c. Provide recommendations and input to branch and business units regarding the implementation of AML, CFT & CPF Program.
532 2024 Annual Report
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3. The effective internal control activities and monitoring of 5. In an effort to prevent Maybank Indonesia from being
the AML, CFT & CPF Program in the Bank, among others, is used for money laundering, terrorism financing and/or
carried out through the following: proliferation financing activities, increased awareness is vital
a. Monitoring of AML, CFT & CPF Program implementation part of the AML, CFT & CPF Program. As such, the Bank has
activities within Maybank financial conglomeration. conducted the following training activities:
b. Monitoring of AML, CFT & CPF Program implementation a. Providing training through face-to-face training,
activities in overseas branches. e-learning modules and online training to employees,
c. Audit on the implementation of AML, CFT & CPF is including AML, CFT & CPF training as part of the new
conducted by Internal Audit. employee induction program.
4. Implementation of management information system (MIS) b. Launched role specific training for certain work units
initiatives to support the AML, CFT & CPF Program that have that play an important role in the implementation of the
been completed and are ongoing, including the following: AML, CFT & CPF program with advanced level material
a. System development related to the customer screening conducted by the FCC Work Unit.
process, customer AML, CFT & CPF risk assessment, and c. Implementation of AML, CFT & CPF related training to
a system to monitor customer transactions. the FCC team in an effort to improve the capability of
b. System development to support the AML, CFT & CPF FCC staff.
reporting process through the goAML PPATK system. d. Sending emails to all employees with reminder materials
c. Development of a system to support the implementation to increase the Bank’s prudential principles on financial
of Sanctions provisions, including a system for screening crimes.
dual-use of goods to prevent terrorism and proliferation
of weapons of mass destruction. Bank’s AML, CFT & CPF Program also includes supporting law
d. Development of tools to automate the KYC Review/ enforcement in combating money laundering and terrorism
Customer Data monitoring process conducted by financing, among others, following up on correspondences with
branches. law enforcement officials and regulator (PPATK/OJK) relating
e. Maintaining AML, CFT & CPF database including PEP to cases of money laundering and terrorism financing and/or
database, OFAC list, UN Terrorist list, List of Suspected proliferation financing .
Terrorists and Terrorist Organisations (DTTOT),
Proliferation list (DPPSPM), and other AML, CFT & CPF PPATK has published the Financial Integrity Rating on Money
and Sanctions Program lists. Laundering/Terrorist Financing (FIR) assessment result for
f. Use of the LCCA Portal as a means of centralising all banks, including Maybank Indonesia. FIR is an assessment
all inquiries from branch and business units at the to measure the level of commitment of the Reporting Party
Head Office to FCC Working Unit in order to facilitate in supporting PPATK and law enforcement officials in tracing
monitoring of follow-up on the questions asked and can financial transactions related to indications of criminal acts
be a reference for other teams who will ask questions on of money laundering (TPPU) and criminal acts of terrorism
the same topic so that there is no need to ask questions financing (TPPT) and the level of implementation and compliance
repeatedly to the FCC Work Unit. with AML, CFT & CPF reporting governance. In 2024, the FIR
score obtained by the Bank from PPATK was 9.06 (Very Good).
The score obtained by Maybank has improved from the previous
year’s FIR assessment.
2024 Annual Report PT Bank Maybank Indonesia Tbk 533
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and Analysis
Whistleblowing System
and Anti Fraud
The Whistleblowing System policy is a key element in maintaining the Bank’s integrity PARTIES THAT MANAGE
to improve the Bank’s transparency and combat practices that could damage the WHISTLEBLOWING
Bank’s activities and reputation. Maybank Indonesia is committed to implement GCG REPORTS
principles in the Bank’s operations to support business sustainability in accordance In carrying out its functions and
with the Bank’s vision and mission. Fraudulent practices are contrary to GCG principles, supervision, the Board of Commissioners
therefore the Bank has taken steps in order to prevent fraud and other violations. and the Board of Directors have
appointed Head, AntiFraud and Head,
In the event that employees have identified or found any indications of violation or Employee Relations & Health Safety as
fraud act that are detrimental or potentially detrimental to the Bank, employees are parties who manage, administer and
required to submit reports through the Whistleblowing System. evaluate each of the Whistleblowing
Aside from the employees, third parties are also eligible to submit reports through report.
Whistleblowing System.
DIRECT REPORTING
WHISTLEBLOWING REPORTS SUBMISSION LINES TO THE BOARD
MECHANISM OF COMMISSIONERS
Employees or third parties who are aware of indications of violation or fraud act, can AND BOARD OF
submit the Whistleblowing reports through the following media: DIRECTORS REGARDING
WHISTLEBLOWING
Reporting Tools Media Whistleblowing ACTIVITIES AND
WHISTLEBLOWER
E-mail WhistleBlowing@maybank.co.id REPORTS HANDLING.
Short Message Service 0811 1930 1000 The Bank has established a
Instant Messaging App - WhatsApp 0811 1930 1000 Whistleblowing Governance Committee
(WBGC) on 11 May 2021 with purpose
Toll Free Phone 0800 1503034
to ensure Whistleblowing reports are
followed up with adequate attention,
WHISTLEBLOWER PROTECTION independence, investigation and
The Bank’s Whistleblowing Policy applies to all employees, customers and debtors, other remedial action (if necessary).
parties that provide services to the Bank, including consultants, vendors, contractors,
and other service providers. Every report submitted through the Whistleblowing
reporting media will be documented and followed-up.
All Whistleblowing reports will be protected for its confidentiality by the Bank. If the
Whistleblower provides his/her identity clearly, the Whistleblower has the right to
obtain information regarding the follow-up status of his/her report.
534 2024 Annual Report
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During 2024, the WBGC Committee has held meetings on 11 January 14 May, 11 July, and 11 October 2024. The composition of the WBGC
members as of 31 December 2024 are as follow:
No. Name Title Position
1. Putut Eko Bayuseno Independent Commissioner Chairperson and Member
2. Hendar Independent Commissioner Alternate Chairperson and Member
3. Marina Tusin Independent Commissioner Member
4. Yessika Effendi Director, Legal, Compliance, Corporate Secretary Member
and Anti Fraud
5. Irvandi Ferizal Director, Human Capital Member
6. Effendi Director, Risk Management Member
Organisational Structure of Anti Fraud Work Unit
Anti Fraud
Fraud Prevention &
Internal Investigation External Investigation
Detection
WHISTLEBLOWING REPORT IN 2024
In 2024, there were 827 Whistleblowing reports that have been received and followed up with the following details:
Type of Whistleblowing Report Indication 2024 2023
a. Code of Ethics 29 19
b. Violation of Law & Regulation - -
c. Fraud 1 -
d. Others 797 779
Number of Whistleblowing Reports 827 798
SANCTIONS AND FOLLOW-UP ON FRAUD CASES IN 2024
Throughout 2024, the Bank has imposed sanctions on party/perpetrator who has been proven has committed violations as stipulated in
the Board of Directors’ Regulation on Employee Discipline Development Measures and Collective Labor Agreement (CLA) and refers to
the applicable laws and regulations.
IMPLEMENTATION OF FRAUD PREVENTION STRATEGY IN 2024
Throughout 2024, Maybank Indonesia has consistently conducted fraud prevention and detection activities, investigation, reporting
and procedures to impose sanctions towards fraudsters, as well as evaluation and follow-up for improvements that required in
order to prevent the potential of similar fraud incidents in the future. The details have been reported through Anti Fraud Strategies
Implementation Report to the Board of Directors and Commissioners. The Bank has also anticipated the risk of fraud incidents that
comes from internal and external parties. The Management has conducted follow-ups and improvements as well as strengthened the
internal control system.
2024 Annual Report PT Bank Maybank Indonesia Tbk 535
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Legal Issues
Throughout 2024, there were several civil and criminal disputes or lawsuits faced by Maybank Indonesia at all levels of the judiciary.
Therefore, the Bank analyses the legal risks faced, legal analysis is carried out based on various parameters, the results of legal risk
evaluation on a monthly basis as part of legal risk management as part of risk management.
Maybank as Defendant/Reportee
(unit)
Total
Legal Issues
Civil Criminal
Has been completed (has permanent legal force) 53 0
In the settlement process 88 32
Total 141 32
Notes:
• For civil cases, there were 29 new cases until December 2024.
• For Criminal Cases, there were 4 new cases until December 2024.
Maybank as the Plaintiff/Applicant/ Reporting Party
(unit)
Total
No. Legal Issues
Civil Criminal
1. Cases related to Home Mortgage Loans (KPR)
Resolved (have obtained final legal force) - -
In the process of resolution - 1
Total - 1
2. Cases related to the provision of other credits
Resolved (have obtained final legal force) - -
In the process of resolution 1 14
Total 1 14
3. Bankruptcy and PKPU Cases
Resolved (have obtained final legal force) - -
In the process of resolution 9 -
Total 9 -
4. Other Cases
Resolved (have obtained final legal force) - -
In the process of resolution - 14
Total - 14
IMPORTANT CASES FACED BY MAYBANK INDONESIA
Throughout the year 2024, the cases faced by Maybank Indonesia generally involved resistance to the execution of collateral held by
Maybank Indonesia as a separatist creditor. If any of the cases faced by Maybank Indonesia are ruled against by the Court, such rulings
do not have a negative or material impact on the financial condition or business continuity of the Bank. The case database containing
the entire list of cases faced by the Company is monitored and evaluated by the Litigation Work Unit. The Litigation Work Unit is one of
the directorate work units in the organisational structure of the Director in charge of the Compliance function.
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Important Cases faced by Maybank Indonesia and Subsidiaries of Maybank Indonesia
Legal cases Parties Involved
currently faced
by the company/
subsidiaries/
Nominal
members of the Impact on
Subject Matter/ Settlement value of
No Board of Directors/ Company's
Plaintiff Defendant Claim Status claims/
members of the Board Condition
lawsuits
of Commissioners
in office (during the
period of 2023); Case
value >Rp 10 billion
1 The lawsuit for unlawful Third Party Third Party The lawsuit filed The High Court Not Significant
act filed by the Third Notary & PPAT by the Third
Party as the heir of the Maybank Party as the heir
collateral owner (EA) Indonesia of the collateral
Auction Officer owner regarding
Land Office their objection to
another Third Party
who has carried
out the transfer
of ownership of
the collateral.
Furthermore, the
Third Party as
the Plaintiff also
objects to the
auction process
that was conducted
2 Lawsuit for Unlawful Collateral Maybank The collateral The High Court Not Significant
Act filed by the Owner Indonesia owner's lawsuit
Collateral Owner (SS) Debtor relates to objection
because Maybank
did not provide
credit restructuring
to the Debtor
and conducted
auction of the
collateral owned
by the Plaintiff as
collateral owner.
3 Lawsuit for Unlawful Debtor Maybank Debtor and The High Court Not Significant
Act filed by the Debtor Collateral Indonesia collateral owners'
together with the Owners Auction Officer lawsuit related to
Collateral Owners (PT. Auction objection because
PK, HJ, BH, FP, and ARK) Winner Maybank did not
Private Auction provide credit
Office restructuring to
Land Office the Debtor and has
conducted auction
of collateral to the
Auction Winner.
4 Lawsuit for Unlawful Debtor Maybank The Debtor and The Supreme Not Significant
Act filed jointly by Collateral Indonesia collateral owner's Court
the Debtor and the Owners Auction Officer lawsuit objected
Collateral Owners (PT. Private Auction that Maybank did
PK, HJ, BH, FP, and ARK) Office not provide credit
Land Office restructuring to
the Debtor and
conducted an
auction process for
the collateral.
5 Lawsuit for Unlawful Third Parties Ex-Debtor The heirs' lawsuit The Supreme Not Significant
Act filed by the heirs of Third Parties concerned the Court
the third party against Involved ownership of the
former Debtor Maybank Maybank former debtors'
(RWO, YP, and YOP) Indonesia assets that were
Land Office used as collateral in
Notary & PPAT Maybank.
2024 Annual Report PT Bank Maybank Indonesia Tbk 537
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and Analysis
Important Cases faced by Maybank Indonesia and Subsidiaries of Maybank Indonesia
Legal cases Parties Involved
currently faced
by the company/
subsidiaries/
Nominal
members of the Impact on
Subject Matter/ Settlement value of
No Board of Directors/ Company's
Plaintiff Defendant Claim Status claims/
members of the Board Condition
lawsuits
of Commissioners
in office (during the
period of 2023); Case
value >Rp 10 billion
6 Unlawful act lawsuit Third Parties Debtor The lawsuit of the The District Court Not Significant
filed by the heirs of a Debtor's Child heirs who objected
third party against the Land Office to the process
Debtor (AD) Maybank of changing/
Indonesia transferring assets
Notary & PPAT to the Debtor's
Child without the
knowledge of the
Plaintiffs, where
the assets were
used as collateral at
Maybank.
7 Unlawful act lawsuit ex-Debtor Maybank Ex-debtor lawsuit The Supreme Not Significant
filed by ex-debtor (SSR) Indonesia regarding objection Court
Cessor to cessie process
8 Unlawful act lawsuit ex-Debtor Maybank Ex-debtor lawsuit The High Court Not Significant
filed by ex-debtor (SSR) Indonesia regarding objection
Cessor to cessie process
Auction Officer
Land Office
9 Unlawful Act Lawsuit Debtor Maybank Ex-debtor lawsuit The District Court Not Significant
filed by the Debtor ((AK) Indonesia regarding objection
Cessor to cessie process
Auction Officer
10 Unlawful Act Lawsuit Debtor Maybank Unlawful Acts The Supreme Not Significant
filed by Maybank related to the Court
Debtor (CV KP) Plaintiff's objection
to the calculation of
outstanding value
11 Unlawful act lawsuit Third Party Debtors Unlawful Acts The Supreme Not Significant
filed by third party (AW) Some Parties committed by the Court
Involved Debtor against the
Maybank Plaintiff for giving a
Land Office blank Bilyet Giro to
the Plaintiff
12 Unlawful Act Lawsuit Collateral Debtor Unlawful act The Supreme Not Significant
Filed by the Collateral Owner Maybank committed by the Court
Owner (PT HTP) Auction Officer Collateral Owner
Land Office due to Maybank
auctioning the
collateral
13 Unlawful Act Lawsuit Debtor Maybank Unlawful act The Supreme Not Significant
Filed by the Debtor of Auction Officer committed by Court
Maybank (AH) Private Auction the Debtor due
Office to Maybank
Other Involved auctioning the
Parties collateral
Land Office
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IMPORTANT CASES FACED BY CURRENT MEMBERS OF Details of WOM Finance’s information as
THE BOARD OF COMMISSIONERS AND THE BOARD OF Plaintiff/Reporting Party are as follows:
DIRECTORS A. Civil Case Suit as many as 123 (one
Throughout 2024, none of the members of the Board of Commissioners or the Board of hundred-twenty three), namely:
Directors of Maybank Indonesia were implicated in any civil and/or criminal cases. 1. 110 (one hundred-ten) have been
FINISHED and Inkracht in 2024
IMPORTANT CASES FACED BY MAYBANK INDONESIA consisting of:
SUBSIDIARIES a. 7 (seven) Civil Cases in 2023
During 2024, there were no cases categorised as important/material and/or that b. 103 (one hundred-three) Civil
could affect the performance of Maybank Indonesia faced by PT Wahana Ottomitra Cases in 2024
Multiartha, Tbk (WOM Finance) and PT Maybank Indonesia Finance. 2. 13 (thirteen) still in process in
2024 consist of:
LEGAL ISSUES/LITIGATION (WOM FINANCE) a. 13 (thirteen) Civil Cases in
Throughout 2024, WOM Finance encountered various civil, industrial relations, and 2024
criminal disputes or lawsuits across all levels of the judiciary as part of its business
operations. B. 6 (six) Criminal Cases, namely:
1. 6 (six) have been FINISHED and
WOM Finance performs legal risk analysis based on various parameters, conducting Inkracht in 2024 consisting of:
monthly evaluations as part of legal risk management integrated within its overall risk a. 2 (two) Criminal Cases in
management framework. 2023
b. 4 (four) Criminal Cases in
WOM Finance as Defendant/Reportee 2024
2. 0 (zero) still in process in 2024.
Total
Legal Issues
Civil/PHI Criminal
Important Cases Faced by
Has been completed (has permanent legal 19 0 Current Members of the Board
force) of Commissioners and Board of
In the settlement process 16 0 Directors
Total 35 0 Throughout 2024, none of the members
of the Board of Commissioners and the
Details of WOM Finance's information as the respondent/reported party are as follows: Board of Directors of WOM Finance have
A. Civil Case Lawsuit as many as 30 (thirty), namely: been implicated in any important civil
1. 16 (sixteen) have been FINISHED and Inkracht in 2024 consisting of: and/or criminal cases.
a. 1 (one) Civil Case in 2021
b. 5 (five) Civil Cases in 2023 Important Cases Faced by WOM Finance
c. 10 (ten) Civil Cases in 2024 During 2024, there were no cases that
2. 14 (fourteen) still in process in 2024 consist of: were categorised as important/material
a. 2 (two) Civil Case in 2023 and/or that could affect Maybank
b. 12 (twelve) Civil Cases in 2024 Indonesia’s performance faced by WOM
Finance.
B. Special Civil Cases/PHI as many as 5 (five), namely:
1. 3 (three) have been FINISHED and Inkracht in 2024 consisting of:
a. 3 (three) PHI cases in 2023
2. 2 (two) still in process in 2024 consist of:
a. 2 (two) PHI cases in 2024
WOM Finance as Plaintiff/Reporting Party
Total
Legal Issues
Civil Criminal
Has been completed (has permanent legal 110 6
force)
In the settlement process 13 0
Total 123 6
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LEGAL ISSUES/LITIGATION (MIF) Important Cases Faced by
Throughout 2024, while conducting its business operations, MIF encountered various Current Members of the Board of
civil and criminal disputes or lawsuits. At all levels of the judiciary. MIF conducts an Commissioners and Directors
analysis of the legal risks encountered, evaluating them based on diverse parameters. Throughout 2024, none of the members
This includes monthly assessments of legal risk, integral to comprehensive risk of the Board of Commissioners and the
management practices. Board of Directors of MIF were involved in
any civil and/or criminal cases.
MIF as Defendant/Reportee
Total
Legal Issues Important Matters Faced by the
Civil Criminal
MIF
Has been completed (has permanent legal 9 5
During 2024, there were no cases that
force) were categorised as important/material
In the settlement process 4 13 and/or that could affect Maybank’s
performance faced by PT Maybank
Total 13 18
Indonesia Finance.
Notes:
• Civil Cases:
- 14 new cases until December 2024
- 18 cases have not been completed in 2024
• Criminal Cases:
- 27 new cases until December 2024
- 70 cases have not been completed in 2024
MIF as Plaintiff/Reporting Party
Total
Legal Issues
Civil Criminal
Has been completed (has permanent legal 3 8
force)
In the settlement process 5 38
Total 8 46
Taxation Management
and Control
Tax management and control is one of the major pillars of the Bank’s sustainability and TAX DISPUTES
stakeholder trust. Maybank Indonesia, as a corporate entity, is subject to complex tax Maybank Indonesia is not involved in any
regulations. Maybank Indonesia can ensure operational reliability and legal compliance tax dispute or litigation, either before
by using a targeted approach. the competent tax court and/or other
competent authorities in Indonesia or
In terms of tax management and control, Maybank Indonesia has defined taxation outside the court based on applicable
policies and procedures that include guidelines related to tax reporting, fulfilment of taxation laws and regulations, that may
tax obligations, and tax risk management. Furthermore, the deployment of Information have a material negative impact on
Technology systems helps Maybank Indonesia maintain an accurate tax recording and the Company’s business activities and
reporting system, as well as ensuring consistency and compliance with tax regulations operations.
and related recording rules and regulations.
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Governance Responsibility
Internal Audit Unit
The Internal Audit Unit (SKAI) carries out the internal audit
function independently and objectively by conducting a review
of the effectiveness of internal control performed by the Professional Experience and Time Period:
operational working units in accordance with the scope of the Hariseno joined PT Bank Maybank Indonesia Tbk (MBI
audit/assurance as well as advisory assignment. SKAI also plays since 2015 with about 22 years of experience in the banking
an active role in supporting the Bank’s efforts to continuously industry including almost 3 years at KPMG. Prior to being
enhance the company’s control environment in maintaining the appointed as Head of SKAI in 2019, he served as Head
soundness and qualified of business growth. of Credit & Treasury Audit Division at MBI. His previous
work experience includes heading several internal control
INTERNAL AUDIT CHARTER functions, such as Enterprise Risk Management Group Head
In carrying out its duties and responsibilities, SKAI refers at Bank Sahabat Sampoerna, Compliance Risk Advisory
to the Internal Audit Charter which is periodically reviewed Head at Bank ANZ Indonesia, SKAI Quality Assurance
and updated. The charter is also a form of compliance with Head at Bank Commonwealth Indonesia, as well as being a
the Financial Services Authority Regulation (POJK) No. project stream leader on several projects handled by KPMG
01/ POJK.03/2019 dated 29 January 2019 concerning the Indonesia-Siddharta Consulting (Risk Advisory Services
Implementation of the Internal Audit Function in Commercial Division).
Banks, as well as OJK Regulation No. 56/POJK.04/2015
dated 23 December 2015 concerning the Establishment and THE HEAD OF SKAI EDUCATION AND
Guidelines for Preparing an Internal Audit Unit Charter, and the TRAINING 2024
Implementation of Internal Audit Professional Standards. Head of SKAI hold Bachelor in Mathematic Science from ITB,
Bachelor in Civil Engineering from Unpar, and Master in Finance
The Internal Audit Charter is a formal statement that Management from Unkris. He also fellows several professional
confirms the vision and mission, position and independence, certifications in internal auditing, risk management and credit.
accountability, authority, qualifications and code of ethics of
internal auditors, independence and objectivity, duties and The relevant education and/or training attended by the Head of
responsibilities and scope of SKAI. The Internal Audit Charter SKAI during 2024 are as follows:
has been updated and approved by the Board of Commissioners
with recommendations from the Audit Committee, and was No Name of Education and/or Training
determined by the President Director in May 2022 and has been
published on the Bank’s website. 1 Digital Data Tracing Simulation
2 Risk Management Certification for Level 6 and 7
APPOINTMENT AND DISMISSAL THE 3 Bank Audit Conference 2024:
HEAD OF SKAI "Future of Internal Audit – Embracing Change, Staying
The Head of SKAI or professionally called as Chief Audit Relevant"
Executive (CAE) is appointed and dismissed by the President 4 MBI Leaders Alignment
Director after obtaining approval from the Board of 5 CAE Forum: Digital Maturity Assessment for Banking Industry
Commissioners by considering the recommendations of the 6 The Forum & Sustainability Challenge
Audit Committee. The appointment and dismissal of the Head
7 Asian Confederation of IIA Regional Conference
of SKAI is reported to the regulator within 10 working days after
8 National Seminar & Inauguration of Professional Internal
the effective date. The Head of SKAI directly reports to the
Auditor (PIA) 2024 – Economic Outlook 2025: Strengthening
President Director, and has direct communication with the Board Corporate Culture as Fondation for Stability and Corporate
of Commissioners through the Audit Committee. Sustainability – Internal Auditors Role
9 Business Continuity Management (BCM) & Personal Data
THE HEAD OF SKAI PROFILE Protection
• NAME OF THE HEAD OF SKAI
Hariseno Acharyama In recent years, the Head of SKAI has also been active as a
panelist/moderator in several national conference organised by
• POSITION HISTORY internal audit professional associations. Further, currently the
Legal Basis for Appointment: Head of SKAI is voluntarily active as one of the Board Member at
Appointed since 1 May 2019 in accordance with Decree Ikatan Audit Intern Bank (IAIB) and Board Member at the Dewan
No. SK.PERS.2019.0857/DIR HC on the Appointment of The Sertifikasi Qualified Internal Auditor (DS-QIA).
Head of Internal Audit Working Unit (SKAI) and has been
reported to the Financial Services Authority (OJK).
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and Analysis
NUMBER OF EMPLOYEES, TRAINING SKAI continuously develops the competencies of auditors to
AND PROFESSIONAL CERTIFICATION OF enhance their insights. Further, development of auditor's and
SKAI AUDITORS expertise to support internal audit activities. The auditors
As of 31 December 2024, the number of staff at SKAI are 84 participate in external, internal (in-house) and e-learning training
personnel. Collectively, SKAI is supported by adequate human programs competencies are also carried out through sharing
resources which have competencies in various audit fields. sessions with Group Audit Malayan Banking Bhd (MBB).
SKAI team have various professional certifications with details as In 2024, trainings attended by the SKAI team among others are
follows: as follows:
Number of Training
No Certification Number of
Auditors No Training Hour per
Participants
Participant
1 Risk Management Certification Level 4 7
2 Risk Management Certification Level 5 7 External Training
3 Risk Management Certification Level 6 1 Audit Kredit SME & Commercial
1 2 16
Mengungkap Hidden Credit Risk
4 Risk Management Certification Level 7 1
Bank Audit Conference 2024
5 Risk Management Certification Level 1* 37 (BAC 2024) themed
6 Risk Management Certification Level 2* 22 2 "Future of Internal Audit – 1 12
Embracing Change, Staying
7 Risk Management Certification Level 3* 2
Relevant"
8 Qualified Internal Auditor (QIA) - YPIA 10
CAE Forum: Digital Maturity
9 Certified Information Systems Auditor (CISA) 12 3 4 3
Assessment for Banking Industry
- ISACA
Elevating Internal Audit As
10 Certified Information Security Manager 1 A Value Driver: Achieving
(CISM) - ISACA 4 2 16
Bussiness Resilience in the Era of
11 Credit Skills Accreditation (CSA) – OMEGA 8 Digitalisation
12 Certification in Risk Management Assurance 1 Asian Confederation of IIA
5 1 16
(CRMA) - IIA Regional Conference
13 Bank Internal Audit Certification –Level 3 National Seminar & Inauguration
Auditor - LSPP of Professional Internal
Auditor (PIA) 2024 – Economic
14 Certified Fraud Examiner (CFE) - ACFE 1 Outlook 2025: Strengthening
6 1 8
15 Certified in Governance of Enterprise IT 1 Corporate Culture as Foundation
(CGEIT) - ISACA for Stability and Corporate
Sustainability – Internal Auditors
16 ISO 27001 Certification 5
Role
17 Tax Brevet A & B - IAI 1
UU P2SK Role in Providing
18 IT Infrastructure Library (ITIL) v3 Foundation - 1 7 a Deterrent Effect for Illegal 14 3
APMG International Financial Services Actors
19 Certified COBIT 5 Foundation 1 Cyber Attack Prevention
8 29 3
20 Certified AWS SysOps Administrator 1 Strategy
Associate Artificial Intelegence Change
9 33 3
21 Certified SRE Fundamentals 1 The Face of Financial Sector
22 Certified in Risk and Information Systems 1 SJK Development Strategy
Control (CRISC) 10 Through Strengthening Islamic 9 3
Banking and Market Conduct
23 ESG Certification 3
Opportunities and Challenges of
* Risk Management Certification before recertification equalisation with 11 28 3
Digital Assets in Indonesia
current certification level. The Risk Management Certification is being
gradually equalised to Level 4 and Level 5. ISO 27001 Training for Internal
12 14 3
Audit
Strategy to Accelerate Sharia
13 18 3
Information regarding the formal educational qualifications of Financial Market Share
internal auditors in SKAI, the information is as follows: 14
How to Prevent Greenwashing in
9 3
Sustainable Finance
Credit Growth Opportunities
Number of 15 After the End of Credit 8 3
No Education Level
Auditors Restructuring Policy
1 Postgraduate 16
2 Bachelor 64
3 Diploma 4
542 2024 Annual Report
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Training Training
Number of Number of
No Training Hour per No Training Hour per
Participants Participants
Participant Participant
Training with Group MBB Internal Training
16 The Oil Palm Financing Program 5 3 22 Digital Data Tracing Simulation 74 4
Environmental, Social, and Risk Management Certification
Governance (ESG) Training 23 15 8
Level 4,5,6,7
17 and Certification Programme 3 16
- "Internal Auditing for 24 MBI Leaders Alignment 1 8
Sustainable Organisations" 25 Brown Bag Session 2024 14 3
Briefing Session on New Report
18 72 2 The Forum & Sustainability
Format & SII 26 1 16
Challenge
19 Brown Bag: FRS Modelling 52 1
Coaching for The Best Talent
Cyber and Technology Security: 27 1 16
2024
20 Managing a Potential Risk- 19 8
Apprentice Level Program 28 General Induction 6 16
Audit Boot Camp on Bionic Squad Kickoff & Training
21 6 16 29 2 16
Fundamental Audit 2024
Business Continuity
30 Management (BCM) & 78 7
Perlindungan Data Pribadi (PDP)
STRUCTURE AND POSITION OF THE SKAI
Based on the Organisational Structure of the Internal Audit Unit (SKAI) No. STO.2020.03 dated 19 February 2020 which applied since 1
March 2020, SKAI directly reports to the President Director and has direct communication to the Board of Commissioners through the
Audit Committee. The SKAI Organisational Structure includes five Audit Divisions, as follow:
1. Retail, Branch & Subsidiaries Audit (RBS)
2. Wholesale, Treasury & Centralised Operations Audit (WTO)
3. Corporate Function & International Branch Audit (CFI)
4. Technology Audit, Analytics & Project (TAP)
5. Strategic Operations & Quality Assurance (SOQ)
SKAI MBI also provides guidance and supervision to the internal audit function at subsidiaries, i.e. PT Maybank Indonesia Finance (MIF)
and PT Wahana Ottomitra Multiartha Tbk (WOM Finance).
President Director
Board of Commissioners
Audit Internal
Audit Committee
Wholesale, Corporate Strategic
Retail, Branch Technology PT Maybank PT Wahana
Treasury & Function & Operations
& Subsidiaries Audit, Analytics, Indonesia Ottomitra
Centralised International & Quality
Audit & Project Finance Multiartha Tbk
Operations Audit Branch Audit Assurance
SKAI DUTIES AND RESPONSIBILITIES
As stated in the Internal Audit Charter, the duties and responsibilities of SKAI MBI are as follows:
a. Develop annual audit plan based on risk-based approach, including any risks and control concerns by management and regulator.
Annual audit plan and budget allocation is approved by President Director and Board of Commissioners by considering Audit
Committee’s recommendation.
b. Implement annual audit plan as approved, including any special tasks requested by President Director as well as Board of
Commissioners.
c. Provide internal audit report and submit it to President Director and Board of Commissioners and copy to Audit Committee,
Compliance Director, Risk Management Director, related Director and related Unit Head.
d. Monitor and evaluate adequacy of follow-up actions taken by auditee on the audit results and report it to President Director, Board
of Commissioner, Audit Committee, and Compliance Director.
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e. In the case of external services used for internal audit REPORT ON THE IMPLEMENTATION OF
activities: SKAI ACTIVITIES IN 2024
• Ensure the transfer of knowledge from external parties to During 2024, SKAI has realised and reported 84 audit
SKAI members is performed. deliverables covering 301 auditable areas in accordance with the
• Ensure an external party services do not affect the approved Annual Audit Plan (AAP). All audit assignments have
independence and objectivity of SKAI function and been completed and all audit reports have been issued in 2024.
comply with Bank's Internal Audit Charter.
f. Determine a strategy for implementing internal audit for SKAI conducts periodic meetings with the Board of Directors and
subsidiaries and formulate the principles of internal audit Senior Management through the Internal Audit Committee (IAC)
which includes methodology for internal audit and quality meeting, and with the Board of Commissioners through the Audit
assurance. Committee (AC) meeting. At the periodic meetings SKAI reports
g. Communicate audit findings (if any) related to the on the achievement of the annual audit plan, significant audit
implementation of compliance with Shariah principles to the findings, and monitoring of follow-up audit results. During 2024,
Shariah Supervisory Board. SKAI has conducted ten times IAC and AC meetings.
h. Consultation with the Shariah Committee Board shall not be
interpreted as being non-independent. AUDIT PLAN AND FOCUS 2025
i. Prepare reports to the Regulator, i.e: In accordance with the 2025 annual audit plan (AAP), SKAI will
• Report of Implementation and Summary of Audit Results focus on the following audits:
(LPPHA) on semi-annual basis. SKAI also may reports a 1. Credit/financing audits for both conventional and shariah
strictly confidential information of the audit results (If portfolios in the corporate/global banking, commercial/
any). The LPPHA report is submitted to OJK at the latest business banking, retail small medium enterprise (RSME),
1 (one) month after end of the semester, i.e. every 31 July SMEPlus, and mortgage segments. SKAI also conducts
and 31 January. This report is signed by President Director audits on unsecured loans i.e. credit card and personal loan
and Independent Commissioner who is appointed as the business.
chairman of the Audit Committee. 2. Audit of funding & services areas at all regions consisting of
• Special Report on audit finding that might be disrupting conventional and sharia branches.
the Bank's business continuity. Target date to submit 3. Audit of treasury/global market activities and risk
the report to OJK is at the latest 3 (three) days since the management on treasury/global market activities.
finding is identified. This report is signed by President 4. Audit of information technology (IT) such as security audit
Director and Independent Commissioner who is on the BI payment system, SWIFT system, information
appointed as the chairman of the Audit Committee. security management, network management, IT operations,
• Report of independent external review for internal system development life cycle, general IT controls, as well
audit performance and its compliance to professional as implementation of IT security management system
standard for internal audit as well as improvement according to ISO/IEC 27001:2013.
recommendation for better quality of internal audit. 5. Audit of the corporate function and centralised operations
External review activities to carried out once in 3 (three) activities such as implementation of anti-money laundering
years for the period from July to June of the next third and counter terrorism financing (AML-CFT) principles,
year. Target date to submit the report to OJK is at the anti- bribery and corruption, compliance activities, risk
latest 2 (two) months after the review period. This management activities including stress testing, internal
report is signed by President Director and President capital adequacy assessment process (ICAAP), tax
Commissioner. management activities, single customer view reporting
j. May provide consulting services for the Bank internal control activities, marketing communication activities, sharia
development, in which the scope/area must be approved by product management, as well as other centralised operations
BOC through Audit Committee, and ensure it will not impact and corporate function units.
the independence of SKAI. 6. Audit of Mumbai Branch Office and Audit ant one of MBI
k. Maintain internal auditor professionalism by continuing Subsidiary.
professional development such as taking trainings/
certifications program to complete auditor knowledge and SKAI also conducts advisory/consulting activities through
skills that are relevant with Bank’s business complexity. the reviews on the adequacy of internal controls in several IT
l. Establish a quality assurance program to evaluate and assure application development projects categorised as critical, as well
the quality of operations of internal audit activities. as participating as an observer in the IT project vendor selection
m. Continuously develop audit methodology to step up SKAI process. Further, SKAI also acts as an observer in the business
efficiency and effectiveness. continuity plan (BCP) and disaster recovery (DR) testing process.
n. Establish and review Internal Audit Charter. Periodically, SKAI also reviews the Bank’s risk profile report,
544 2024 Annual Report
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Governance Responsibility
Internal Control System
The internal control system is a supervisory process mechanism The implementation of a reliable and effective Bank SPI is the
established by the Bank’s Management on an ongoing basis, with responsibility of all parties involved in the Bank’s organisation,
the quality of its implementation influenced by Management including the Bank’s Management. In addition, the Bank’s
and employees at every level of the organisation. The internal Management is also obliged to improve an effective risk culture
control system is important in implementing a healthy and safe in the Bank’s organisation and ensure that it is embedded
monitoring mechanism for the Bank’s operational activities. at every level. Maybank Indonesia has implemented the
internal control function in its operational activities, including
Maybank Indonesia has implemented internal control functions segregation of duties, dual control, reconciliation, standard work
in its operational activities, including segregation of duties, processes, and implementation guidelines.
dual control, reconciliation, standard work processes, and
implementation guidelines. The separation of functions is carried BASIS FOR ESTABLISHMENT
out to ensure the Bank’s operational activities can run in a The implementation of the internal control system established by
healthy, safe, and controlled manner. the Bank refers to several applicable regulations, among others,
as follows:
Maybank Indonesia designed an internal control system to 1. Financial Services Authority Regulation (POJK) No. 18/
provide adequate assurance, safeguard and secure the Bank’s POJK.03/2016, dated 16 March 2016, concerning the
assets, ensure the availability of accurate reports, improve Implementation of Risk Management for Commercial Banks.
compliance with applicable regulations, reduce the impact of 2. Circular Letter of the Financial Services Authority (SEOJK)
financial losses, irregularities including fraud and violations of No. 34/SEOJK.03/2016, dated 1 September 2016, concerning
prudential aspects, and improve organisational effectiveness and the Implementation of Risk Management for Commercial
increase cost efficiency. Banks.
3. Circular Letter of the Financial Services Authority (SEOJK)
The implementation of the internal control system (SPI) also No. 35/SEOJK.03/2017, dated 7 July 2017, concerning
aims to: Guidelines for Internal Control System Standards for
1. Ensure that all business activities of the Bank are carried Commercial Banks.
out in accordance with the prevailing laws and regulations,
including the Bank’s internal regulations. IMPLEMENTATION OF OPERATIONAL
2. Ensure the availability of complete, accurate, appropriate, AND FINANCIAL INTERNAL CONTROL
timely, and relevant financial and Management information. SYSTEMS AND COMPLIANCE WITH COSO
3. To increase the effectiveness and efficiency in using assets - INTERNAL CONTROL FRAMEWORK
and other resources to protect the Bank from the risk of loss. Maybank Indonesia implements SPI, which consists of three
4. Create and improve the effectiveness of risk culture in the control objectives: operational effectiveness, reliability of
Bank’s organisation so that the identification of weaknesses financial reporting, and compliance with applicable regulations
and irregularities can be made early and the fairness of by referring to the internal control framework prepared by
policies and procedures can be assessed continuously. the Committee of Sponsoring Organisations of the Treadway
5. Ensure that SPI is carried out so that the Bank’s operational Commission (COSO). The COSO internal control framework
activities can run in a healthy, safe, and controlled manner. includes 5 (five) control components, namely:
2024 Annual Report PT Bank Maybank Indonesia Tbk 545
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COSO Components COSO Principles
Control Environment (CE) 1. Demonstrate Commitment To Integrity And Ethical Values.
2. Exercises Oversight Responsibility.
3. Establishes Structure, Authority, And Responsibility.
4. Demonstrates Commitment To Competence.
5. Enforces Accountability.
Risk Assessment (RA) 6. Specifies Suitable Objectives.
7. Identifies And Analyzes Risk.
8. Assesses Fraud Risk.
9. Identifies And Analyzes Significant Change.
Control Activities (CA) 10. Selects And Develops Control Activities.
11. Selects And Develops General Controls Over Technology.
12. Deploys Through Policies And Procedures.
Information & Communication (IC) 13. Use Relevant Information.
14. Communicates Internally.
15. Communicates Externally.
Monitoring Activities (MA) 16. Conducts Ongoing And/Or Separate Evaluations.
17. Evaluates And Communicates Deficiencies.
The main elements in the implementation of SPI within the Bank and controlled continuously. Procedures are in place to
that are adjusted to the COSO framework include the following anticipate, identify and respond to events and obstacles
aspects: that may affect the achievement of objectives. The Board
a. Supervision by Management and control culture is the of Commissioners and Board of Directors, through the Risk
foundation of all Internal Control elements. The foundation Monitoring Committee and Risk Management Committee,
is the discipline and structure of internal control itself, the ensure that risk management is well implemented.
philosophy and style of working Management, and corporate
governance to improve the effectiveness of operations. c. Control activities and separation of functions are policies
and procedures to ensure that the Management of Maybank
SPI is always carried out effectively and efficiently, there Indonesia has determined the direction of the company’s
are no exceptions in implementing supervisory procedures, objectives.
and it always maintains an environment that supports
internal control efforts. In general, the overall quality of Control activities must involve all Bank employees, including
SPI has been running well. Problems arising from internal the Board of Directors. Therefore, control activities will be
control weaknesses are reported to the Board of Directors effective if planned and implemented to control the risks
and followed up consistently to mitigate risks in accordance that have been identified. Control activities also include
with applicable regulations. The Board of Commissioners, establishing control policies and procedures and an early
through its established committees, assesses the control verification process to ensure that these policies and
environment and conducts independent assessments that procedures are consistently adhered to and are integral to
are communicated to the Board of Directors for follow-up. each of the Bank’s daily functions or activities.
b. Risk identification, assessment, and management is a Control activities and separation of control functions involve
process to identify and analyze risks that may hinder the all Bank employees, including the Board of Directors. Control
achievement of MBI’s objectives and formulate how MBI activities are planned and implemented to control the
manages these risks. risks that have been identified. Control activities include
establishing control policies and procedures and an early
Risk identification, assessment, and management is a series verification process to ensure that policies and procedures
of actions carried out by the Board of Directors to identify, are consistently adhered to and are integral to every
analyze and assess the risks the Bank faces to achieve the set function or activity of the Bank. The activities, duties, and
business objectives. Risks that may affect the achievement responsibilities of the relevant work units are described in
of the Bank’s objectives are identified, assessed, monitored, other sections of this GCG report.
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d. The Accounting, Information, and Communication System INTERNAL CONTROL SYSTEM
supports identifying and exchanging information in a form ADEQUACY STATEMENT
and time frame that enables all Bank employees to carry out Maybank Indonesia realises its commitment to implement SPI
their respective responsibilities. thoroughly in every business activity of the Bank by ensuring that
the Bank’s control system has been adequately implemented. The
Data collection procedures and information technology Board of Directors is responsible for implementing a good SPI
are in place to produce reports on business activities, to achieve the Bank’s objectives. The Board of Commissioners,
financial conditions, risk management implementation, and assisted by the Audit Committee, is responsible for supervising
compliance with regulations that support fulfilling the duties to ensure the implementation of internal control in general,
of the Board of Directors and the Board of Commissioners. including the Board of Directors’ policies that establish such
The Board of Directors identifies important information internal control. Overall, the Board of Commissioners, Board of
required by the Bank, summarises and communicates it in Directors, and Audit Committee stated that the Bank’s internal
the right form and time so that employees can carry out their control system is adequate and able to answer the Bank’s
obligations and interested external parties can know the business challenges throughout 2024.
condition of the Bank.
RESULTS OF THE REVIEW OF
e. Monitoring activities and correcting deviations/weaknesses THE EFFECTIVENESS OF THE
are ways to assess the quality of existing internal control. IMPLEMENTATION OF THE INTERNAL
CONTROL SYSTEM 2024
The Board of Directors, relevant work units, and the In line with the SPI Standards for Commercial Banks set by
Internal Audit Unit (SKAI) continuously monitor the overall the Financial Services Authority through Circular Letter of the
effectiveness of internal control implementation. Monitoring Financial Services Authority (SEOJK) No. 35/SEOJK.03/2017,
key risks has been prioritised and has become part of the dated 7 July 2017, concerning Guidelines for Internal Control
Bank’s activities. The Bank continuously monitors and System Standards for Commercial Banks, SKAI has continuously
evaluates the adequacy of SPI in light of changes in internal provided an assessment of the audit results through the scope of
and external conditions and must improve the capacity of SPI audit assignments.
to enhance its effectiveness.
The audit is conducted by evaluating the adequacy and
SKAI is supported by resources with the collective effectiveness of the design and implementation of internal
competence to evaluate SPI over strategies, operational control for the Bank using the established internal control
activities, and financial information processing methods. framework approach. The results of the audit assessment
SKAI always submits audit findings that require are submitted through the audit report (LHA), which is then
Management’s attention to the Board of Commissioners discussed in the Audit Committee meeting and the IAC meeting,
through the Audit Committee and the Board of Directors which is held regularly.
through the Internal Audit Committee (IAC) so that the
findings can be followed up immediately. The Board of
Directors is committed and has followed up on the results of
the monitoring carried out and SKAI recommendations.
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Investor Relations
Maybank Indonesia established Investor Relations with strategic DUTIES AND RESPONSIBILITIES
duties and responsibilities by providing information to investors The duties and responsibilities of Investor Relations are as
in an actual, accurate and timely manner regarding the Bank’s follows:
business performance and prospects. Investor Relations also - Project Manager in the preparation of the Bank’s Annual
fosters harmonious relationships with financial/capital market Report.
observers and other financial institutions, including managing, - Key Point of contact for Maybank Indonesia in the rating
analysing and reporting on all of the Bank’s strategic information, process conducted by local and global rating agencies (such
especially in the economic and financial fields related to the as: Fitch, Pefindo, RAM Rating) and prepare responses to
business environment. questions asked related to the rating process and coordinate
meetings between senior bank management and rating
PROFILE OF THE HEAD OF THE companies.
INVESTOR RELATIONS DIVISION/UNIT - Prepare corporate performance presentations to be
Nurmala Damanik published on the bank’s website and for Maybank Analyst
Head Financial Planning, Performance Management & Briefing.
Investor Relation - Organising annual Public Expose (PE) (In accordance with
regulations, every Public Company must hold at least 1x a
Citizenship year).
Indonesian citizen
- Organising meetings with analysts/fund managers/securities
Age houses/investors and responding to questions asked by
58 years old. analysts by providing correct and comprehensive information
on bank performance.
Joined Maybank Indonesia since August 1991 with 30 years of - Prepare presentation materials for senior management
experience in the banking industry. She has experience as a focal related to meetings with external parties (such as: regulators,
point in the preparation of Annual Operating Plan, Performance investors, analysts, brokers, fund management).
Management, Management Reporting, Expense Controller, - Updating detailed data on the Bank’s performance on a
Sustainable Finance and Investor Relations. Previously, he served regular basis and following up on questions and requests
as Branch Manager of Maybank Indonesia Mumbai and Head for information from external parties related to the Bank’s
Auditor for Overseas Branch, Capital Markets, Credit Card and performance.
Branch Office.
INVESTOR RELATIONS BRIEF REPORT
LEGAL BASIS FOR APPOINTMENT 2024
Maybank Indonesia appointed Nurmala Damanik as the person During 2024, Investor Relations has carried out duties and
responsible for implementing investor relations in the Bank responsibilities including:
based on Decree No. SK.PERS.2019.4000/DIR HC. • Preparing the Bank’s Annual Report 2023, and participated in
the Annual Report Award 2023.
PERIOD OF OFFICE • Prepared quarterly Bank performance presentation and
2019 - present uploaded to Maybank Indonesia website.
• Conducted Annual Review with PEFINDO Rating agency. The
EDUCATION AND TRAINING Company’s rating was maintained at AAA (Triple A).
In order to improve the competencies needed for the • Submitted Annual Public Expose on 27 February 2024, in
development of the Bank’s business, during the year 2024 concurrent with the submission of the audited Consolidated
Investor Relations has participated in education and training as Financial Statements of Maybank Indonesia as of 31
follows: December 2023.
• Sales & Service Summit Award 2024, 17-18 March 2024 • Provided services for any information required by external
• Refreshment SMR Level 6 Batch 1, 2 February 2024 parties regarding the Bank’s recent performance.
• Recertification SMR Level 6, 26 April 2024 • Reviewed the Company’s website and provided input on
• Maybank Indonesia Leaders Alignment, 8 May 2024 information that should be disclosed to the public.
• Guru Series: Economic Outlook Indonesia, 25 June 2024
• Maybank Group Sustainability Week Talkshow - Session 1, 4
September 2024
• Guru Series: Future of Work AI-Driven Banking, 17 October
2024
• Data Summit 2024, 22 October 2024
548 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Risk Management
Maybank Indonesia continues to develop a strong risk These stages have been implemented by the Bank, among others as
infrastructure and culture with the aim of providing added described below:
value to all stakeholders, conducting comprehensive • The Bank’s organisational Governance structure has been
capital management and ensuring sustainable business supported by adequate organs, consisting of the Audit
growth. The implementation of risk management will assist Committee, Risk Monitoring Committee, Nomination and
management in monitoring compliance with applicable Remuneration Committee, Information Technology Oversight
laws and regulations, policies, plans, provisions and internal Committee, Whistleblowing Governance Committee, Integrated
procedures. In addition, risk management can also reduce Good Corporate Governance Committee, Risk Management
systemic risk that can harm the Bank both materially and Committee, Assets and Liabilities Management Committee,
immaterially. Credit Committee, Credit Restructuring Committee, Internal
Audit Committee, Information Technology Steering Committee,
Maybank Indonesia continues to develop a strong risk Human Capital Committee, Human Capital Disciplinarian
infrastructure and culture with the aim of providing added Committee, Credit or Finance Policy Committee, Integrated
value to all stakeholders, conducting comprehensive capital Risk Management Committee, Digital Steering Committee,
management, and ensuring sustainable business growth. Transformation Steering Committee, Sustainability Steering
Maybank Indonesia believes that the implementation of Committee, Joint Steering Committee, Internal Audit Work
risk management will help the management in monitoring Unit, Compliance Work Unit, Risk Management Work Unit
compliance with applicable laws and regulations, policies, and Integrated Risk Management Work Unit. In addition, the
plans, provisions and internal procedures. In addition, risk implementation of Integrated Governance is also supported by
management can also help reducing systemic risk that can the performance of integrated work units, namely the Integrated
harm the Bank, both materially and immaterially. Compliance Work Unit and the Integrated Internal Audit Work
Unit. The Bank’s organisational structure is constantly updated
The implementation of risk management in Maybank aims following the development of organisational and business needs.
to protect the Bank from various losses that may arise from • Implementation of the three lines of defense and four-eyes
its various activities, as well as to maintain the level of risk principle as part of the Bank’s commitment to systematically and
in accordance with the business strategy and growth of the continuously identify, control, monitor and mitigate risks.
bank. The Board of Commissioners, Audit Committee and • Risk Management Infrastructure and Governance that is in
Board of Directors assessed and stated that the Bank’s risk accordance with the complexity of business activities, risk
management implementation in 2024 was adequate and profile, level of risk to be taken, as well as regulations set by the
in accordance with the Bank’s needs, in order to maintain Regulator.
a balance between risks and benefits, and to generate • Developing a comprehensive Business Continuity Management
sustainable long-term value growth for shareholders. (BCM) that serves as a guide for the Company to continue
running during emergency conditions.
RISK MANAGEMENT SYSTEM • Increase awareness of Risk Management through risk awareness
IMPLEMENTED BY THE BANK campaigns, posters and other internal publication media, as well
The Bank has implemented a risk management process as related training courses conducted at the head office, branch
consisting of 5 (five) main stages that form a continuous offices and subsidiaries.
cycle as follows:
IDENTIFICATION MEASUREMENT CONTROL MONITORING REPORTING
New/existing • Metodologi • Controls with • Risk exposure vs • MIS
products, activities, • Pendekatan Model, qualitative and risk control • Report to
and initiatives validasi, dan teknik quantitative controls • MIS Management
analisa • Preventive measures
• Mitigation
techniques
2024 Annual Report PT Bank Maybank Indonesia Tbk 549
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
RISK MANAGEMENT RISKS FACED BY THE BANK
In managing these risks and other potential risks, the Bank must Currently the risks faced by the Bank are categorised on several
carry out appropriate control and mitigation of the risks that bases:
have been identified and measured. a. OJK Regulation No.18/POJK.03/2016 concerning the
Implementation of Risk Management for Commercial Banks:
Risk Controls 1. Credit Risk
Appropriateness and effectiveness of controls need to be 2. Market Risk
established to manage risk exposure and ensure alignment with 3. Liquidity Risk
the established risk appetite. Risk appetite aligns the needs of 4. Operational Risk
all stakeholders by acting as a risk manager and driver of current 5. Compliance Risk
and future business activities. An effective risk appetite can be 6. Legal Risk
a strong driving force for the implementation of a risk culture in 7. Reputation Risk
the Bank. 8. Strategic Risk
There are 2 (two) additional risks related to the Bank’s
The Bank exercises qualitative and quantitative risk controls, Syariah Business Unit according to OJK Regulation No. 8/
including risk limits and triggers/thresholds, to monitor and POJK.03/2014, namely:
manage identified risk exposures. Risk controls also provide 9. Yield Risk
a means to manage the risk identification process, initiate 10. Investment Risk
discussions, take appropriate preventive steps and consider
actions that need to be taken in accordance with policies and b. OJK Regulation No.17/POJK.03/2014 on the Implementation
procedures. Important to note is the appropriateness of the of Integrated Risk Management for Financial Conglomeration
approval process, action plans and exposure reviews to ensure There are 2 (two) additional types of risk related to the
the effectiveness of risk management. The controls that have implementation of integrated risk management for Financial
been implemented by the Bank will be reviewed periodically to Conglomeration Banks based on these provisions, namely:
ensure the effectiveness of the controls against the Bank’s risk 11. Intra-Group Transaction Risk
appetite and risk limits. 12. Insurance Risk
Risk Mitigation In addition to the risks mapped based on these regulatory
Risk mitigation techniques aim to minimise the impact of regulations, in line with technological developments and various
existing risks, or avoid the occurrence of emerging risks. These factors including business competition, market growth, and
techniques include specific hedging, funding strategies, and increasing expectations from regulators, the Bank also faces
insurance. In addition, the Bank has also implemented a Disaster other risks such as information risk and information technology
Recovery Plan (DRP) and Business Continuity Plan (BCP) as part risk as well as non-financial risks such as money laundering and
of Business Continuity Management. outsourcing.
The Disaster Recovery Plan (DRP) and Business Continuity In order to identify and measure these risks, the Bank must
Plan (BCP) are developed and implemented to help strengthen consider a forward-looking approach. This is to ensure the
resilience in the face of risks that seriously impact operational adequacy of measures taken by the Bank to minimise the
activities, including plans to ensure the continuity of critical exposure to risks faced by the Bank.
business functions within a certain period of time during the
recovery process. RISK MANAGEMENT SYSTEM ADEQUACY
STATEMENT
The Recovery Plan provides a systematic approach to addressing The Board of Commissioners, Board of Directors and Audit
potential capital, liquidity or funding disruptions that affect the Committee state that the Bank’s risk management system is
Bank’s liquidity health and financial solvency. effective, adequate and capable of managing business risks
and opportunities to support the Bank in achieving its business
The Resolution Plan is a document containing information objectives without compromising financial performance,
about the Bank and the resolution strategy which is one of the compliance and/or reputation. The Bank’s risk management
considerations for the Deposit Insurance Agency in handling or system provides tools to anticipate and manage risks by
resolving a Bank that has been determined to be a failed Bank. considering changes in risk profiles caused by changes in
business strategy, external factors and regulatory requirements.
550 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
RESULTS OF REVIEW/EVALUATION 9. Implementation of the New Governance Risk & Compliance
OF THE EFFECTIVENESS OF THE RISK (GRC) Phase 1 System has been successfully carried out,
MANAGEMENT SYSTEM IN 2024 including Operational Risk Management (ORM) and
In 2024, the Bank conducted evaluation on the implementation Business Continuity Management (BCM) modules. This
of risk management system. Maybank Indonesia actively implementation ensures better operational continuity and
manages its risk profile through monitoring inherent risks and increases accountability in risk management.
strengthening the quality of risk management, implementing 10. Holding Operational Risk Certification which was attended
good corporate governance through various risk committees, by staff from the Embedded Risk Unit (ERU) and Operational
and maximising added value for shareholders, managing capital Risk & Business Continuity (ORCO), carried out an annual
comprehensively, and ensuring profitability and sustainable ORM Attestation which was attended by all Business
business growth so that the overall risk-based soundness of the Operational Risk Coordinators (BORC) 1 and 2 as well as
bank is maintained. There were several achievements in terms of Operational Risk Training which was attended by ERU and
Risk Management during 2024, including as follows: BORC 1,2 and 3.
1. Improvement supporting applications the Monitoring & 11. Carrying out integrated risk management assessments for
Tracking System credit analysis and process at the credit cyber and technology aspects together with subsidiaries and
proposal module, credit document management module and related companies. This step aims to ensure that all related
SLIK validation module.2. entities are in a consistent and up-to-date risk management
2. Recovery from write-off accounts has increased significantly. framework, as well as to identify and manage potential risks
This increase shows the effectiveness of our recovery more effectively.
strategy and strengthens the bank's financial position. This 12. Implemented the first phase of the phishing simulation
achievement also reflects our commitment to maintaining and security awareness platform system. This step was
asset quality and stakeholder trust. taken to increase employee awareness and readiness for
3. Implementation of Decision Engine on LOB Credit Card to cyber security threats, as well as strengthen protection of
automate the process of checking SLIK, Policy, Deviation, important data and information.
Scoring, limit recommendations, and integration with third
parties via API. RISK MANAGEMENT DIVISION/UNIT
4. The implementation of Alternate Score for SME Digital has LEADER PROFILE
enabled market expansion and strengthened the bank's In implementing the risk management program at PT Bank
business position. By improving the accuracy of credit Maybank Indonesia Tbk, the Risk Management Director is
assessments, banks can expand their digital financing assisted by several work unit leaders or executive officers
portfolio. who manage risk management including Head, Credit Risk
5. The Attrition Forecast Model has been implemented Management; Head, Operational Risk & Business Continuity;
to minimise attrition in the SME Retail segment. This Head, Enterprise Risk Management; Head, Retail Credit Portfolio
implementation aims to increase customer retention and & Policy; Head, Non Retail Credit Policy & Strategic Risk
strengthen business stability, by proactively identifying and Management; Head, Market, Liquidity & Treasury Credit Risk
addressing potential attrition risks. Management; Head, GB & BB Remedial; Head, SME & Consumer
6. Development of the A-Score model for mortgages, PD model Collection; and Head, Technology Risk Management (CISO/
for mortgages, and Behavior Score for credit cards. This Chief Information Security Officer). The information regarding
achievement helps to manage risk more effectively. the profile of each leader has been included in the discussion of
7. Validation of 23 credit risk models related to Internal Rating Senior Officials Profiles in the Company Profile chapter.
Based and 7 models related to PSAK71. This step helps to
ensure model risk management is carried out properly and in
accordance with applicable standards.
8. A pilot project for climate risk stress testing has been
implemented. This project helps to strengthen preparedness
to face future climate risks.
2024 Annual Report PT Bank Maybank Indonesia Tbk 551
Page 554
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Public Accountant/External Auditor
In line with OJK Circular Resolution No. 18/SEOJK.03/2023 dated NUMBER OF PERIODS OF PUBLIC
6 November 2023 concerning Procedures for the Use of Public ACCOUNTANTS AND PUBLIC
Accountant Services and Public Accounting Firms in Financial ACCOUNTING FIRMS (KAP) AUDITING
Services Activities, the Bank has determined the AP and KAP THE COMPANY’S FINANCIAL
to audit the Bank’s financial statements for the fiscal year 2024 STATEMENTS
through the Annual GMS by considering recommendations In accordance with OJK Circular Resolution No. 18/
from the Board of Commissioners and the Audit Committee. In SEOJK.03/2023 concerning the Use of Public Accountant
2024, the Public Accounting Firm (KAP) that audited the Bank’s Services and Public Accounting Firms in Financial Services
consolidated financial statements is KAP Purwantono, Sungkoro Activities, the use of audit services for annual historical financial
& Surja. The appointment of the KAP is in accordance with the information from the same Public Accountant is a maximum of
approval of the Annual GMS and is carried out through a process 7 (seven) accumulative financial years since 2017. Meanwhile,
that is in accordance with applicable regulations. restrictions on the use of KAP services depend on the results of
the Audit Committee’s evaluation of the potential risks of using
NAME OF PUBLIC ACCOUTANT the services of the same KAP consecutively for a long period of
Name of Public Accountant: Yasir time. In 20244, the appointment of KAP Purwanto, Sungkoro
Registered No. AP.0703 and Surja affiliated with Ernst and Young Global and its Public
Accountant is the tenth year for the KAP.
NAME OF PUBLIC ACCOUNTANT FIRM
(KAP)
KAP Purwantono, Sungkoro and Surja In order to maintain independence during the 2021 general audit,
Registered Public Accountant KMK No.603/KM.1/2015 the Public Accountant acting as Partner in Charge has signed an
Independence Statement Letter stating that he is independent as
SUPERVISION OF EXTERNAL AUDITORS defined in OJK Circular Resolution No. 18/SEOJK.03/2023 and the
In 2024, the Public Accounting Firm that audits the Bank’s Audit Standards set by IAPI.
consolidated financial statements is KAP Purwantono,
Sungkoro and Surja which is affiliated with Ernst and Young Information regarding KAP and Public Accountants who have
Global. The appointment of KAP Purwantono, Sungkoro and audited the Bank’s Financial Statements in the last 5 (five) years
Surja was carried out through a process in accordance with is as follows:
applicable regulations. The appointment has been reviewed
and supervised by the Audit Committee, including in terms of
determining the audit fee on a fair basis. Supervision by the
Audit Committee is carried out through regular meetings with
KAP to discuss findings and developments during the audit
conducted by KAP, assist and ensure that there are no obstacles
in the implementation of the audit, and evaluate the quality of
the audit process, ensuring that the audit implementation is in
accordance with applicable regulations and standards.
552 2024 Annual Report
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Governance Responsibility
No Item 2024 2023 2022 2021 2020
1 Name of Public Accoutant Yasir Yasir Muhammad Christophorus Benyanto
who audited the Annual Kurniawan Alvin Kossim Suherman
Financial Statements Registered Public Registered Public
(last 5 years) Auditor No. Auditor No. Registered Public Registered Public Registered Public
AP.0703 AP.0703 Auditor No. Auditor No. AP.1681 Auditor No.
AP.0240 AP.0685
2 Name of Public Accoutant KAP Purwantono, KAP Purwantono, KAP Purwantono, KAP Purwantono, KAP Purwantono,
Firm that audited the Annual Sungkoro & Surja Sungkoro & Surja Sungkoro & Surja Sungkoro & Surja Sungkoro & Surja
Financial Statements
(last 5 years) Registered Public Registered Public Registered Public Registered Public Registered Public
Accountant KMK Accountant KMK Accountant KMK Accountant KMK Accountant KMK
No. 603/KM.1/2015 No. 603/KM.1/2015 No. 603/KM.1/2015 No. 603/KM.1/2015 No. 603/KM.1/2015
3 Audit Fee for each type of Audit Audit Audit Audit Audit
service provided by the public 31 December 2024: 31 December 2023: 31 December 2023: 31 December 2021: 31 December 2020:
accountant in the last fiscal Rp4,330,500,000 Rp4,264,000,000 Rp4,264,000,000 Rp5,026,700,000 Rp4,940,300,000
year (Including review (Including review (Including review (Including review (Including audit on
of modeling of modeling of modeling of validation model the implementation
related to Expected related to Expected related to Expected related to PSAK 71 of PSAK 71 and
Credit Losses Credit Losses Credit Losses Rp1,236,000,000) 73 amounting to
in accordance in accordance in accordance Rp950,000,000
with PSAK 71 with PSAK 71 with PSAK 71 and Rp310,000,000
Rp164,000,000) Rp300,000,000) Rp300,000,000) respectively)
4 Other services from Public Review on Review on Review on Review on Review on
Accounting Firm in the last 30 June 2024: 30 June 2023: 30 June 2022: 30 June 2021: 30 June 2020:
fiscal year Rp1,152,000,000 Rp1,152,000,000 Rp1,152,000,000 Rp1,112,863,500 Rp1,080,450,000
Issuance of
Comfort Letter
and preparation
of prospectus for
Shelf Registration
Bond IV issuance:
Rp915,000,000
In line with OJK Circular Resolution No. 16 /SEOJK.04/2021 dated 29 June 2021 concerning the Form and Content of Annual Reports of
Issuers or Public Companies, within the period of 2023-2024, the Bank has received consulting services for Board of Commissioners
(“BOC”) and BOC Committees Effectiveness Evaluation (“BEE”) for the 2023 financial year from Ernst & Young Consulting Sdn. Bhd
which was carried out by Michael Heaney with an assignment period of October 2023 to March 2024 with a total service fee paid of
Rp165,785,373.60 or the equivalent of RM49.720
2024 Annual Report PT Bank Maybank Indonesia Tbk 553
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Access to the Company’s Information
and Data
On an ongoing basis, Maybank Indonesia continues to update Mass Media Relations
information and provide easy access to information regarding No Activities 2024
the Bank’s activities and performance both internally to the
Board of Commissioners, and externally to shareholders and 1 Press Conference 10
other stakeholders in order to provide a clear and transparent 2 Press Release 36
picture of the Bank’s condition. Some of the information facilities 4 Media Training 1
provided by the Bank are through the Bank’s website, which is 5 Meeting with Media 21
in two languages (Indonesian and English), mass media public
information, the Bank’s official social media channels, mailing
lists, newsletters, meetings with analysts and other stakeholders, News Delivered
the Bank’s contact facilities, the official IDX website, and so on.
No News Delivered Total Percentage
Maybank Indonesia also provides the Annual Report through the 1 Berita Netral & Positif 14,767 99%
Bank’s official website in two languages. In this regard, the Bank 2 Berita Negatif 38 1%
tasked the Investor Relations unit to continue to build positive
reputation for the Bank, by developing relationships with
investors/analysts, both interactively and through the delivery Media Coverage
of information carried out periodically, especially related to the
No Month Total
Bank’s performance.
1 January 906
Maybank Indonesia always provides easy information to all 2 February 747
stakeholders to access information about the Company’s
3 March 1,298
performance, both financial and non-financial, through
4 April 860
communication channels such as press releases, public
exposures, and information posting on websites or social media 5 May 1,039
owned and managed by the Bank. 6 June 858
7 July 1,251
The Bank also actively disseminates information to printed media 8 August 1,800
and electronic media. To obtain further information, customers
9 September 1,526
or prospective customers can contact the following access:
1. Phone number: (021) 2922-888. 10 October 1,774
2. E-mail: ccommunications@maybank.co.id 11 November 1,247
3. Contacting the Bank’s services at the nearest branch. 12 December 1,461
TOTAL 14,767
Investors can directly contact the Company’s Investor Relations
Service via e-mail: InvestorRelations@maybank.co.id.
554 2024 Annual Report
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Governance Responsibility
PRESS RELEASE
No Press Release Release Date
1 Press release - Maybank Indonesia Announce Elite Label Road Race Maybank Marathon 2024 in Bali. 25 January 2024
2 Press release - Maybank Indonesia cooperated with PT Pegadaian to launch Pegadaian Gold Savings on the M2U ID 30 January 2024
App.
3 Press release - Maybank Indonesia Records 15.4% Growth in Profit before Tax to Rp2.35 trillion for FY2023. 27 February 2024
4 Press release - Maybank Indonesia introduced Maybank Shariah Wealth Management solution in Makassar. 29 February 2024
5 Press release - Maybank Islamic UUS Maybank Indonesia held a Regional Ramadhan Relief Program. 4 March 2024
6 Press release - Maybank Indonesia introduced Maybank Shariah Wealth Management solution in Surabaya. 5 March 2024
7 Press release - Maybank Indonesia Strengthens Customer Security and Privacy Protection. 17 March 2024
8 Joint press release - The Collaboration of Maybank Indonesia and Dompet Dhuafa on Banking as a Service 30 March 2024
9 Press release - Maybank Indonesia AGMS Approved the Appointment of the Bank’s New President Director. 1 April 2024
10 Press release – Maybank Indonesia UUS Cooperates with PP Muhammadiyah to Develop Halal Ecosystem. 2 May 2024
11 Press Release – Maybank Indonesia Inaugurates Organic Waste Management Facility in Bantul, Yogyakarta. 4 May 2024
12 Press Release - Promoting Sustainability Initiatives, Maybank Indonesia Holds Road to Maybank Marathon 2024. 12 May 2024
13 Press Release - Maybank Indonesia Launches Maybank Manchester United Credit Card. 18 May 2024
14 Press release – Maybank formalises 2030 targets for palm oil and power sectors, comprehensive plan to achieve net 4 June 2024
zero emissions by 2050.
15 Photo release - Maybank Indonesia and PT Sarana Multigriya Finansial (Persero) cooperation in the distribution of 6 June 2024
financing.
16 Press release - Maybank Indonesia Shariah Business Unit (UUS) carried out Berbagi Untuk Kebaikan activities by 10 June 2024
distributing qurbani aid to 20 locations throughout Indonesia.
17 Photo release - PT Bank Maybank Indonesia Tbk inaugurated the relocation of Maybank Indonesia Branch Office in 28 June 2024
Cilegon.
18 Press release – Maybank Championship Tournament Presents International Golf Players. 4 July 2024
19 Press release - Maybank Indonesia Wins ABF Retail Banking Awards 2024. 5 July 2024
20 Press release - Providing Early Financial Literacy, Maybank Indonesia Holds Cashville Kidz Goes to School 2024. 23 July 2024
21 Press release - Maybank Indonesia Records PBT of Rp548 billion in the Second Quarter of 2024, a 6.2% Increase 30 July 2024
Y-o-Y.
22 Press release – Maybank Indonesia Strengthens Environmental Preservation Sustainability Commitment through 23 August 2024
Maybank Marathon 2024
23 Press release – Maybank Marathon 2024 Flag off and Winner Announcement 25 August 2024
24 Press release – Maybank Indonesia National Customer Day. 30 August 2024
25 Press release – Realising a Sustainable Future, Maybank Indonesia Holds Global CR Day 2024. 7 September 2024
26 Press release – Maybank Indonesia and Batumbu Collaborate to Boost MSME Sector Growth in Indonesia. 19 September 2024
27 Press release – Maybank Indonesia EGMS Approves the Appointment of New Members of the Board of 27 September 2024
Commissioners, Board of Directors, and Shariah Supervisory Board.
28 Press release – Shariah Based Wealth Management Innovation from Maybank Indonesia. 3 October 2024
29 Press and photo release – Maybank Indonesia Wins the Asian Experience Awards 2024. 4 October 2024
30 Press release – Economic Impact of Maybank Marathon Event in Bali. 7 October 2024
31 Press release – Maybank Indonesia Reports 44% Increase in PBT to Rp562 Billion in Third Quarter of 2024. 30 October 2024
32 Press release – Maybank Indonesia develops customer-centric financial solution for SME segment. 19 November 2024
33 Press release – Maybank Marathon 2024, 'Marathon of Goodness' in Line with World Athletics Commitment to 14 November 2024
Sustainable Event Standards.
34 Press release – Maybank Indonesia and Allianz Syariah collaborated through the Ambulance Joint Waqf program to 4 December 2024
Dompet Dhuafa.
35 Press release – Maybank Indonesia launched a feature to purchase government securities (SBN) in the secondary 5 December 2024
market through M2U ID mobile banking application.
36 Press release – Maybank Indonesia Distributes Shariah Financing for 2 (Two) Edelweiss Healthcare Group Hospitals 24 December 2024
in Bandung.
2024 Annual Report PT Bank Maybank Indonesia Tbk 555
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
INTERNAL COMMUNICATION • MyNet is an application that can only be used and accessed
Communication to all internal employees is conducted through by all employees that contains information related to
the following communication channels: employee/Human Capital matters and activities or programs
• Internal Magazine (Kabar Maybank) which is in electronic and other information for employees.
format and published monthly.
• E-mail blast, or delivery of information to all employees Activities Frequency
related to the Bank’s activities and developments, as well
as management messages via email from the Corporate Kabar Maybank Magazine (edition) 12
Communication address. E-mail blast 493
• Townhall Meeting, a communication forum attended by Townhall meeting 4
management, regional and branch leaders, and work unit
Internal Employee Events 7
leaders to inform the Bank’s performance in a certain period
as well as initiatives that are being and will be implemented
by the Bank.
Code of Ethics and Code of Conducts
Maybank Indonesia always upholds integrity and is committed to STATEMENT THAT THE CODE OF ETHICS
implementing high standards in the implementation of the Code AND CODE OF CONDUCT APPLIES AT
of Ethics and Code of Conduct. This effort is made in order to run ALL LEVELS OF THE ORGANISATION
a sound business practice and implement the principles of Good Maybank Indonesia imposes an obligation to comply with
Corporate Governance (GCG). To support its implementation, the Code of Ethics and Code of Conduct to the Board of
the Bank has and adopts a standard code of conduct, namely the Commissioners, Board of Directors, Sharia Supervisory Board, all
Code of Ethics and Code of Conduct, which regulates standards, employees, officers, and all Bank partners to read and understand
business conduct, and ethical personal behavior for all employees the Code of Ethics and Code of Conduct and apply it in carrying
and stakeholders in their work environment. out their respective duties and job responsibilities. The
implementation and application of the Code of Ethics and Code
MAIN CONTENTS OF THE CODE OF of Conduct is the joint responsibility of Maybankers at all levels
ETHICS AND CODE OF CONDUCT of the organisation, as well as one of the Bank’s commitments
Policies related to the regulation of the Bank’s Code of Ethics and to implement Good Corporate Governance in achieving the
Code of Conduct include the following: established vision and mission. Renewal of commitment to the
1. Collective Employment Agreement of PT Bank Maybank Bank’s Code of Ethics and Code of Conduct is also carried out
Indonesia Tbk annually in order to adjust consistently and continuously.
2. Company Regulation regarding Code of Ethics and Code of
Conduct of Maybank Indonesia DISSEMINATION/SOCIALISATION,
3. Board of Directors Regulation regarding Conflict of Interest IMPLEMENTATION AND ENFORCEMENT
4. Board of Directors Regulation regarding Employee Discipline OF CODE OF ETHICS AND CODE OF
Development Action CONDUCT
On an ongoing basis, Maybank Indonesia socialises the Code
The main points and contents of the Code of Ethics and Code of of Ethics and Code of Conduct and makes it mandatory for all
Conduct owned by Maybank Indonesia are as follows: employees to understand and live the codes and declare their
1. Responsibility to the company commitments to the codes’ principles every year. Regional
2. Workplace responsibilities Heads of Work Units and highest officials must ensure that all
3. Ethics in representing the company and interacting with employees in their respective work environments declare a
external parties Personal Commitment Statement on the Code of Ethics and Code
4. Confidentiality, including implementation of personal data of Conduct.
security
5. Investments and external activities, including those related Maybank Indonesia applies disciplinary sanctions for employees
to conflicts of interest who commit violations of the Code of Ethics and Code of
6. Compliance with anti-money laundering, prevention of Conduct in accordance with applicable regulations to increase
terrorism financing, prevention of proliferation financing for awareness of the implementation and enforcement of the code
weapons of mass destruction, and anti-bribery, corruption, of ethics and code of conduct.
collusion, and nepotism.
556 2024 Annual Report
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TYPES OF DISCIPLINARY ACTIONS FOR TERMINATION OF EMPLOYMENT
VIOLATIONS OF THE CODE OF ETHICS (PHK) AND TOTAL AMOUNT OF PHK
AND CODE OF CONDUCT COMPENSATION
For employees who violate the Code of Ethics and Code of The number of employees affected by Termination of
Conduct, Maybank Indonesia imposes disciplinary sanctions in Employment (PHK) and the total nominal amount of layoff
accordance with applicable regulations to increase awareness of compensation paid during 2024, is as shown in the table below:
the application and enforcement of the code of ethics and code
of conduct. The types of disciplinary coaching actions provided Nominal Amount of Termination
include: Compensation paid per Person in 1 Number of Employees
(One) Year
1. Letter of Reprimand
2. Warning Letter 1 Above Rp1 billion 37
3. Warning Letter 2
Above Rp500 million to Rp1 million 46
4. Warning Letter 3
Rp500 million and below 143
5. Termination of Employment (PHK)
* The above number refers to data on employees whose employment
ended other than due to resignation, and received termination
DATA ON THE DISCIPLINARY SANCTION compensation.
IMPOSED IN 2024
During 2024, there were 219 employees who were subject to The number of employees who Resigned and the total amount of
disciplinary sanctions for violating company regulations with the severance pay paid during 2024, as in the table below:
following total details of disciplinary sanction:
Nominal Amount of Termination
Number of Disciplinary Compensation paid per Person in 1 Number of Employees
No. Type of Sanction Sanctions imposed during (One) Year
2024
Above Rp1 billion -
1. Letter of Reprimand 72 Above Rp500 million to Rp1 million -
2. Warning Letter 1 95 Rp500 million and below 176
3. Warning Letter 2 26 * The number above refers to data on employees whose employment
ended due to resignation and received separation pay (not severance
4. Warning Letter 3 26 pay).
Total 219
* During 1 (one) year, 1 (one) employee could receive more than 1 (one)
Warning Letter if there is an escalation of violations, or if the validity
period of the Warning Letter has been completed, in accordance with the
provisions regulated by the Company.
2024 Annual Report PT Bank Maybank Indonesia Tbk 557
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Corporate Culture
Maybank Indonesia always carries out the mission of Humanising 3. Compliance
Financial Services by prioritising customer service, creating a • Uphold and have thorough compliance with SOPs,
conducive work environment for employees as the Bank’s most regulatory rules and other applicable rules.
important asset, and realising responsibility to society and the • Uphold and comply with Maybank Code of Ethics and
community, at all times. The Bank also continues to promote a Conduct.
balance between productivity and personal life of employees • Ensure reporting and resolution of any issues, and find
(work-life balance) in order to live a positive work culture. improvements.
• Become an agent of building a culture of compliance in
Maybank Indonesia has lived Perform, Comply, Accountable and the work environment.
Leadership as the Bank’s work culture, with details as follows: 4. Leadership
1. Performance • Admirable and inspiring figure
• Set targets that best align with Company’s strategies • Can articulate and live the vision, TIGER Values, and
• Have high quality standards general goals of the organisation among his/her team.
• Innovative and creative. • Contributes to the growth and development of others.
• Uphold innovation, questioning and adding value to work • Respects different opinions and ideas contributed by
processes to make them shorter, better and faster. team members.
• Deliver continuous high performance for the progress of • Leaves a positive legacy for the company and the team
Maybank. he/she leads.
2. Accountability • Step up, make decisions, and shape team priorities for
• Responsible for every job received the good of Maybank Group.
• Accepting the consequences of failure and success
sportingly. In implementing the Bank’s Business Plan, Maybank Indonesia
• Do not make excuses and blame failures on other parties. always aligns all business achievement efforts with the
• Admitting mistakes and immediately setting corrective Company’s culture or values. The Bank’s Corporate Values focus
actions. on empowering human resources to provide better service to
• Honoring commitments and keeping promises. customers and improve the the Bank’s productivities.
• Daring to act in reporting unethical actions objectively. The corporate values are called TIGER Values, as follows:
• Doing the right thing, deciding with a clear conscience
and without conflict of interest.
TEAMWORK INTEGRITY GROWTH EXCELLENCE & RELATIONSHIP
Kami bekerja sama Kami jujur, profesional Kami memiliki EFFICIENCY BUILDING
sebagai satu tim yang dan berlandaskan moral keinginan yang kuat Kami berkomitmen Kami secara
didasari nilai saling dalam semua kegiatan untuk melakukan untuk menghasilkan berkesinambungan
menghargai dan rasa usaha kami. peningkatan dan kinerja yang sempurna membangun hubungan
kebanggaan. pembaharuan secara dan layanan prima. kerja sama jangka
konsisten. panjang yang saling
menguntungkan.
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The Company's Vision in Supporting
Sustainable Performance and the Role of
Corporate Governance
Maybank Indonesia envisions becoming a leading financial In addressing the interests of stakeholders, Maybank Indonesia
services provider in Indonesia, supported by a dedicated and is committed to creating sustainable value for shareholders,
innovative workforce committed to creating value and serving customers, employees, regulators, and the wider community.
the community. To realise this vision, Maybank Indonesia This commitment is reflected in business policies that prioritise
integrates sustainability aspects into its strategies and policies legal compliance and ethical conduct, sustainable product and
across all operational activities, including the implementation of service innovation, and corporate social and environmental
corporate governance. responsibility (CSR) initiatives that generate a positive impact on
society and the environment.
Corporate governance bodies, including the Board of
Commissioners, the Board of Directors, and supporting
committees, play an active role in ensuring that integrity,
transparency, and accountability serve as the foundation for
all decision-making and policies of the Bank. The Board of
Commissioners exercises effective oversight of the Bank’s
strategic policies, as well as provide inputs and directions for
Board of Directors' improvements, while the Board of Directors is
responsible for executing operations in alignment with corporate
governance principles. Committees under both the Board of
Commissioners and the Board of Directors also contribute to
ensuring compliance and the effectiveness of implemented
policies.
Integrity as a Business Strategy for Long-
Term Sustainability
Maybank Indonesia recognises that integrity extends beyond A consistent commitment to integrity positively impacts the
regulatory compliance; it is a fundamental component of its bank in terms of reputation, operational efficiency, and long-
business strategy. By embedding integrity within the bank’s term business sustainability. These efforts also foster strong
corporate culture and operations, Maybank Indonesia ensures trust among customers and stakeholders, ultimately reinforcing
that every decision and action taken not only adheres to legal Maybank Indonesia’s position within the banking industry and
requirements but also upholds strong integrity and ethical driving sustainable growth.
values.
As part of its business strategy, Maybank Indonesia
implements anti-fraud strategy implementation policy, as well
as a whistleblowing system that enhances transparency and
oversight. Additionally, the Bank continuously strengthens
employee capabilities through various training programs and
awareness initiatives to reinforce the importance of integrity in
fulfilling their duties and responsibilities. Whistleblowing can
also be used as a medium to uphold integrity. Whistleblowing
enables the Bank's employees to report anything that might
violate integrity to other employees.
2024 Annual Report PT Bank Maybank Indonesia Tbk 559
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Transparency of Financial and Non-Financial
Conditions that Have Not Been Disclosed in
Other Report
TRANSPARENCY OF FINANCIAL The Bank must submit the Annual Report to the Financial
CONDITION Services Authority no later than 4 (four) months after the end
of the financial year. The Annual Report must be available to
Annual Publication Report shareholders at the time of the invitation to the Annual General
The Bank’s Annual Publication Report is an Annual Report that Meeting of Shareholders (AGMS).
describes the Bank’s performance within 1 (one) fiscal year
and other information announced to the public and submitted The Annual Report shall be submitted to the Financial Services
to the Financial Services Authority on an annual basis. The Authority through the Financial Services Authority reporting
Annual Report is also a form of accountability of the Board of system and shall be announced on the Bank’s Website on
Directors and Board of Commissioners, to the General Meeting the same date as the submission of the Annual Report to the
of Shareholders, in managing and supervising the Bank within Financial Services Authority. The report announcement on the
1 (one) fiscal year, which is prepared based on the provisions Bank’s Website must be uploaded for at least the last 5 (five)
in the Circular Letter of the Financial Services Authority fiscal years.
regarding the Form and Content of the Annual Report of Issuers
or Public Companies and the Circular Letter of the Financial In addition, the Bank also prepares a Sustainability Report, which
Services Authority regarding Transparency and Publication of is a report announced to the public that contains the economic,
Conventional Commercial Bank Reports. financial, social, and environmental performance of a financial
services institution, Issuer, and Public Company in running a
The contents of the Annual Report include, among others: sustainable business.
a. General Information
b. Financial Performance Information The Sustainability Report is an integral part of the Annual
c. Risk Exposure and Capital Information Report but can be presented separately with the Annual Report.
d. Governance Information Submission of the Sustainability Report presented separately
e. Sustainability Report (may be presented separately with the with the Annual Report must be submitted together with the
Annual Report) submission of the Annual Report.
f. Annual Financial Statement
g. Information related to the Bank’s Business Group The address of the Bank’s website that contains the Annual
h. Additional information for Banks that are Issuers and/or Report and Sustainability Report can be accessed at:
Public Companies • Annual Report:
i. Other disclosures as stipulated in the Financial Accounting https://www.maybank.co.id/corporateinformation/
Standards InvestorRelation/annual-report
j. Other information specified by the Financial Services • Sustainability Report:
Authority https://www.maybank.co.id/corporateinformation/csr/
sustainibility-repots
Annual financial statements contained in the Annual Report
must be prepared for 1 (one) fiscal year and presented at least
in the form of comparison with the comparative period report
in accordance with Financial Accounting Standards in Indonesia
and have been audited by a Public Accountant. The Public
Accountant’s opinion on the financial statements must be stated
in the Annual Report.
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Quarterly Publication Report
The Quarterly Publication Report is a report for the end MONTHLY PUBLICATION REPORT
of March, June, September and December. The Quarterly The Monthly Publication Report includes monthly financial
Publication Report includes: statements consisting of:
a. Financial report. a. Statement of Financial Position (Balance Sheet).
b. Financial performance information. b. Income Statement and Other Comprehensive Income.
c. Information on the composition of shareholders, the c. Statement of Commitments and Contingencies.
composition of the Board of Directors, the composition of
the Board of Commissioners and the composition of the Monthly Publication Reports covering monthly financial
Sharia Supervisory Board for Sharia Commercial Banks. statements are presented individually. The Bank has announced
d. Other information specified by the Financial Services the Monthly Publication Report on the Bank’s Website. The
Authority. announcement of Monthly Publication Report on the Bank’s
Website is made no later than the end of the following month
Financial statements in the Quarterly Publication Report are after the end of the reporting month. The Bank is required to
presented in the form of: maintain the announcement of Monthly Publication Report on
a. Individual financial statements; and the Bank’s Website for at least the last 2 (two) financial years.
b. Consolidated financial statements.
The Bank submits Monthly Publication Reports online through
Financial statements in the Quarterly Publication Report the Financial Services Authority reporting system (Apolo).
must be presented at least in the form of comparison with Submission of Monthly Publication Reports online through the
the comparative period report in accordance with financial Financial Services Authority reporting system (Apolo) is carried
accounting standards. Maybank Indonesia as part of a business out in accordance with the procedures, format, and timeframe
group, must add Quarterly Publication Report with: in the provisions regarding the Financial Services Authority
a. Parent Entity consolidated financial statements which reporting system. The period of Monthly Publication Reports
include financial statements of all entities in the business submitted are January, February, April, May, July, August, October
group in the financial sector; or and November.
b. Consolidated financial statements of the Parent Entity
which includes the financial statements of all entities in the TRANSPARENCY OF THE COMPANY’S
business group in the financial and non-financial sectors. NON- FINANCIAL CONDITION
The Bank’s non-financial transparency includes:
To fulfill the publication requirements, Maybank Indonesia 1. Corporate Governance Information, which includes the
published the Financial Statements for the end of March, June, Annual Corporate Governance Report, Vision, Mission,
September and December 2024 through the company's website. Corporate Values, Composition and Profile of the Board of
The Quarterly Publication Financial Statements and Consolidated Commissioners and Board of Directors, as well as internal
Financial Statements have been submitted to: provisions related to governance ranging from the Articles
a. OJK (Bank Supervision Department) of Association to the Charter of Committees which are also
b. OJK (Capital Market Supervisor) published through the Bank’s website.
c. Indonesia Stock Exchange 2. Information on the Bank’s products and services including
its office network is published through the Annual Report,
In addition, the Consolidated Financial Statements as of the leaflets, brochures or other written forms in each branch
end of December 2024 have also been submitted to the Deposit office or in the form of electronic information provided on
Insurance Corporation. The Bank has announced the Quarterly the Bank’s website, or the Bank’s hotline service so that
Publication Report in accordance with applicable regulations. The customers, investors and the wider community can easily
Quarterly Publication Report has also been announced through access information on the Bank’s products and services.
the company’s website and online through the Financial Services 3. Information on Complaint Submission Procedures and
Authority reporting system (Apolo). The Quarterly Publication publication of reports submitted on the Bank’s website for
Report is signed at least by the President Director and 1 (one) the implementation of consumer protection provisions.
member of the Bank’s Board of Directors in charge of the 4. Information on ownership structure transparency in the
accounting function. Bank’s Annual Report and website.
5. Other information aimed at supporting information
disclosure, financial education and services to the public.
2024 Annual Report PT Bank Maybank Indonesia Tbk 561
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and Analysis
Provision of Funds to Related Party
and Large Exposure
As of 31 December 2024, the provision of funds to related parties and core debtors are as follows:
No Provision of Funds Debtors Nominal (Million Rupiah)
1. To Related Party 243 1,349,924
2. To Core Debtor:
- Individual 1 735,073
- Group 24 36,558,478
Provision of funds to related parties and to core debtors was carried out in line with the provisions of the Financial Services Authority
Regulation on the Maximum Lending Limit (LLL) and Large Exposure for Commercial Banks, and there were no LLL exceedances or
violations throughout 2024.
Periodically, the Bank submits reports to the Regulator including:
• Monthly Report on Maximum Lending Limit and Large Exposure individually
• Quarterly Report on Maximum Lending Limit and Large Exposure on a consolidated basis with Subsidiaries
• Six-monthly Report of List of Related Parties to the Bank
• Monthly Report of the Bank’s Core Debtors
The Bank has automated the reporting of the Maximum Lending Limit and Large Exposure, both individually for the Bank and
consolidated with subsidiaries, as well as the provision of Funds to Core Debtors. The Bank also has internal policies regarding the
management of the provision of funds to Related Parties and other than Related Parties to the Bank, as well as establishing internal
policies regarding the limit of provision of funds, such as the determination of internal limits on the provision of funds for debtors and
obligors.
The details of the Provision of Funds Report to Related Parties with the Bank (related party) for the position as of 31 December 2024, are
as follows:
Total Balance/Related Party
No Company’s Name
(Million Rupiah)
1 Malayan Banking Berhad
Not Excluded from LLL 73,710
Excluded from LLL 134,798
2 Maybank Sekuritas Indonesia
Not Excluded from LLL 24,363
Excluded from LLL 0
3 MOCS, Sdn Bhd 0
4 Sorak Financial Holding, Pte Ltd 0
5 Maybank Asset Management
Not Excluded from LLL 74
Excluded from LLL 0
6 Asuransi Etiqa Internasional Indonesia
Not Excluded from LLL 97
Excluded from LLL 47,505
7 Commissioners, Directors, Executive Officers and family relationships
Not Excluded from LLL 65,264
Excluded from LLL 49,803
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Total Balance/Related Party
No Company’s Name
(Million Rupiah)
8 PT Maybank Indonesia Finance
Not Excluded from LLL 1,525
Excluded from LLL 0
9 PT Wahana Ottomitra Multiartha
Not Excluded from LLL 332,290
Excluded from LLL 0
10 Investments in Subsidiaries:
PT Maybank Indonesia Finance 32,370
PT Wahana Ottomitra Multiartha 551,776
11 PT Lombok Saka
Not Excluded from LLL 36,349
Excluded from LLL 0
Information on Provision of Funds to the 10 largest debtors/obligors (Large Exposure) are as follows:
No Debtor/Obligor Name Collectibility Balance (Million Rupiah)
1 A 1 3,418,426
2 B 1 3,000,685
3 C 1 2,940,965
4 D 1 2,683,594
5 E 1 2,568,217
6 F 1 2,468,071
7 G 1 2,359,763
8 H 1 2,351,122
9 I 1 2,098,768
10 J 1 2,007,298
Provision of Funds for Social and Political
Activities
Based on the Bank’s internal policy as well as the Board of Directors Regulation related to Standard Operating Procedure (SOP) for CSR,
the Bank and its employees must not be involved in political activities, including providing funds for political purposes. During 2024, the
Bank made no provision of funds for political activities. This policy is implemented to maintain the independence and professionalism of
the Bank and its employees.
In terms of social activities, Maybank Indonesia has implemented several CSR Programmes that have a positive impact on a wider
audience for the long term and sustainably. The implementation of social activities will be reported in a special section on Corporate
Social Responsibility in this Annual Report.
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and Analysis
Procurement Policy of
Goods and Services
POLICY ACTIVITIES RELATED TO CRITERIA AND
Maybank Indonesia establishes a policy on procurement of goods SELECTION OF PARTNERS (SUPPLIERS)
and services as a guideline for the Bank in realising the purchase In 2024, the selection process of prospective partners has been
of goods/services needed by work units to support the Bank’s carried out with reference to the applicable regulations, including
operations or services to customers. The goods/services must SLIK checking, taking into account on the legality requirements,
meet several important aspects, among others, in accordance reputation (track record), existence and readiness of partners in
with the established quality standards (requirements), the providing goods/services needed by Maybank Indonesia.
best price, the mechanism for delivery of goods/services, the
mechanism for payment of bills and other matters as required by In accordance with applicable regulations, partners who are
the Bank. selected to cooperate with Bank Maybank Indonesia through
a tender process, must have been registered in the Register
Maybank Indonesia is committed to implementing a transparent of Partners of PT Bank Maybank Indonesia Tbk. where the
and objective goods/services procurement process so that all partners have previously passed the selection (scoring process)
partners are treated fairly. Partners are also not allowed to conducted by the Maybank Indonesia Vendor Relations team. In
participate in the procurement process improperly such as addition, these partners must comply with Maybank Indonesia
manipulating, misrepresenting important facts, or engaging in Code of Ethics and behave professionally in providing goods/
other fraudulent practices. services or carrying out cooperation on a project provided by
Maybank Indonesia. In operational services to meet the needs
The Bank appreciates vendors who have participated in the of work units, Maybank Indonesia has been supported by the
tender process in accordance with the established procedures Procurement Management System (PMS) and - Vendor Relation
and also to the selected vendors who realise the procurement of Management System (VRM) so that the procurement process of
goods/services needed. During the year 2023, tender participants goods/services and Vendor Registration Process can be realised
have followed/seen directly the tender process which was effectively and efficiently.
carried out in a transparent and objective manner where the
tender was carried out by a credible tender team and at the
end of the tender process, the tender results were notified to
the participating tender participants. Overall, this policy is also
a manifestation of GCG values, namely TARIF (Transparent,
Accountable, Responsible, Independent and Fair).
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Customer Protection Policy
The Customer Protection Policy is closely related to the customer Bank’s attention to the importance of Customer Perceived Values
complaint management policy, where in Maybank Indonesia the for sustainable business growth at Maybank.
action is made in line with Maybank’s Mission of “Humanising
Financial Services”, while still referring to the applicable In line with this, Maybank Indonesia also focuses on various
Consumer Protection and Complaint Handling regulations. design activities, programs and provisions to improve customer
protection of deposits and confidentiality of customer data by
The Bank also set a Service tagline “Serve with CARE, Winning continuing to be guided by applicable rules and regulations.
Our Customers” which shows the level of commitment from
Top Down Management through a strategic focus on increasing
Customer Engagement through the addition of the latest service Maybank Indonesia implements an information technology
innovations in the Electronic Channels area, development of the system that can protect and maintain all customer data and
“Relationship Management” system, improvement/simplification other protection activities, especially in terms of control and
of end-to-end service processes and increasing the level of monitoring awareness in minimising risks that have an impact on
communication in the CARE (Customers Are Really Everything) the security and comfort of customers as Maybank’s partners.
campaign and Customer Centric Culture, which is the platform
for the transformation process of “Customer Experience” at
Maybank. This commitment is a tangible manifestation of the
Anticorruption Policy
The Bank has in place an Anti Bribery and Corruption (AB&C) 4. Contributions to political, fundraising and charitable
Policy that is aligned with supporting regulations, such as the activities
provisions of the Code of Ethics and Code of Conduct, Strategic 5. Monitoring of
Procurement, and provisions regarding the Implementation of 6. Record keeping and documentation
Anti Fraud Strategy. The scope of Maybank Indonesia Policy 7. Whistleblowing
generally regulates the following matters: 8. Training and Awareness
1. Bribery and corruption risk management
2. Provisions regarding the provision and acceptance of In addition, Maybank Indonesia also continues to optimise the
benefits or gifts and business meals existence of effective programs to support the implementation
3. Business relationships with Suppliers, Vendors or Related of the Anti-Bribery and Corruption Policy within the Bank.
Persons/Other Third Parties
Creditors' Rights Safeguard
To ensure the safeguarding of creditor rights and maintain Protection of creditors’ rights is contained in the contract agreed
creditor confidence, the Bank implements an honest and upon by both parties. As part of the implementation of creditor
transparent information disclosure system and treats all creditors rights, the Bank also always carries out its obligations as agreed
with equal treatment without discrimination. in a timely manner and strives to avoid delays or omissions that
could potentially cause losses to both parties.
By disclosing information, all creditors and business partners
may obtain relevant information according to their needs, Maybank Indonesia prioritises legal risk mitigation by ensuring
allowing each party to make objective decisions based on fair, that agreements with creditors and business partners adhere to
reasonable, and accurate considerations. the applicable laws and regulations to avoid issues that could
undermine the agreement, such as contract law violations and
insufficient collateral binding.
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and Analysis
Dividend Distribution Policy
Further information regarding the dividend distribution policy
has been described in the Management Discussion and Analysis
chapter.
Conflict of Interest Policy
(including Insider Trading)
In order to realise the vision and mission of the company, The Bank has a Conflict of Interest Policy that aims to set rules,
maintain and maintain the trust of the public and customers, identify, reduce and manage potential conflicts of interest that
the Bank has developed a Conflict of Interest policy that must may arise as a result of the implementation of activities by the
be followed by all stakeholders in the Bank. In view of the above, Bank’s business units. This policy reaffirms the prohibition of
all business/activities outside the interests of the Bank and are the use of Insider Trading in personal transactions conducted by
the personal interests of employees and other related parties employees and/or management.
need to pay attention to applicable laws and regulations, internal
policies, ethical standards and company interests to avoid In the last three years there have been no allegations of insider
conflicts of interest that have the potential or can actually harm trading involving Directors/Commissioners, management and
and disrupt the Bank’s reputation. employees of Maybank Indonesia.
Every employee and management must carry out their duties and
responsibilities honestly, while working in the company must be
free from all interests outside the interests of the Bank which can
clearly adversely affect the implementation of their duties and
obligations in the company. In the event of a potential conflict
of interest in conducting transactions/business relationships/
investments, each employee and management is required to
notify or declare to the company through their direct supervisor/
Work Unit Head in accordance with applicable regulations.
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Affiliate and Conflict of Interest
Transactions in accordance with Financial
Services Authority Regulation No. 42/
POJK.04/2020 concerning “Affiliate
Transactions and Conflict of Interest
Transactions”
Affiliate Transactions at Maybank Indonesia have been carried out in accordance with the provisions of Financial Services Authority
Regulation No. 42/POJK.04/2020 concerning Affiliate Transactions and Conflict of Interest Transactions (“OJK Regulation 42”), which
entails implementing the “arms’ length” principle and running procedures to ensure that affiliate transactions adhere to the generally
accepted business practices and meet the principles of fair transactions. Maybank Indonesia has internal provisions governing Affiliate
Transactions and Conflict of Interest Transactions that comply with applicable laws and regulations, market needs. and current capital
market best practices.
During 2024, there were Affiliate Transactions carried out by Maybank Indonesia that met with OJK Regulation 42.
According to OJK Regulation 42, not all Affiliate Transactions shall be a reported to the Financial Services Authority (“OJK”) and the
Indonesia Stock Exchange (“IDX”) if they do not meet the specified criteria.
Transactions with Affiliates reported to OJK and IDX are presented in the following table:
No. Affiliated Party Nature of Affiliation Objects of Affiliate Transactions
1 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between The object of the Affiliate Transaction was the Payment of
Maybank Indonesia and MBB is based on Reimbursement for the 2023 Teammate Annual License Fee
the relationship between a Company and from Maybank Indonesia to MBB.
its major shareholders.
The amount of the Annual License Maintenance Fee for
MBB is the Major Shareholder of Maybank the TeamMate Application which is Maybank Indonesia's
Indonesia. obligation has been paid by MBB to Commerce Clearing
House (CCH, Malaysia) Sdn. Bhd.. It was then obligatory
for Maybank Indonesia to make a reimbursement payment
for the Annual License Maintenance Fee for the TeamMate
Application to MBB.
2 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between The object of the Affiliate Transaction was the
Maybank Indonesia and MBB is based on reimbursement payment for the Grand Launching Co-
the relationship between a Company and Branding Partnership Fee of Manchester United from
its major shareholders. Maybank Indonesia to MBB.
MBB is the Major Shareholder of Maybank Maybank Indonesia has paid the amount of the Grand
Indonesia. Launching Co-Branding Partnership Fee of Manchester
United as the Company's obligation to MBB.
3 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between The object of the Affiliate Transaction was a Transaction for
Maybank Indonesia and MBB is based on the provision of Electronic Governance System, Risk and
the relationship between a Company and Compliance Solution services at the Data Center/ Disaster
its major shareholders. Recovery Center from MBB to Maybank Indonesia.
MBB is the Major Shareholder of Maybank
Indonesia.
4 Malayan Banking Berhad (“MBB”) The Affiliate Relationship between Transaction Object was payment of Linkedin Premium Fee
Maybank Indonesia and MBB is based on Reimbursement for Talent Enterprise Programme from
the relationship between a Company and Maybank Indonesia to MBB.
its major shareholders.
The amount of Linkedin Premium Fee for Talent Enterprise
MBB is the Major Shareholder of Maybank Programme which was Maybank Indonesia's obligation
Indonesia. has been paid by MBB to Linkedin Singapore. It was then
obligatory for Maybank Indonesia to make payment of
Linkedin Premium Fee Reimbursement for Talent Enterprise
Programme to MBB.
All Affiliate Transactions carried out by Maybank Indonesia throughout 2024 did not contain Conflicts of Interest as referred to in
Financial Services Authority Regulation No. 42/POJK.04/2020 concerning “Affiliate Transactions and Conflict of Interest Transactions”.
2024 Annual Report PT Bank Maybank Indonesia Tbk 567
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and Analysis
Bad Corporate Governance Practices
No Description Year 2024
1 Reported as a company that pollutes the environment Nil
2 Important cases that are being faced by the company, subsidiaries, members of the board of directors and/or Nil
members of the board of commissioners who are currently serving are not disclosed in the Annual Report.
3 Non-compliance in fulfilling tax obligations Nil
4 Discrepancies in the presentation of annual reports and financial statements with applicable regulations and PSAKs Nil
5 Cases related to labor and employees Nil
6 There is no disclosure of operating segments in listed companies Nil
7 There are discrepancies between hardcopy and softcopy Annual Reports Nil
Bank Strategic Plan
Maybank Indonesia’s strategy plan is presented in the Management Discussion and Analysis chapter, the Business Prospects sub-
chapter. Maybank Indonesia describes the Bank's business prospects in connection to industry conditions, the broader economy, and
international markets, backed up by quantitative data from credible sources. Furthermore, in the sub-chapter, Maybank Indonesia
describes the Bank’s future plans, strategies, and policies.
Ratio of Highest and Lowest Salary and
Variable Remuneration Received by
Employees
Employee Salary Ratio
Magnitude of Ratio
Ratio Type
2023 2024
Ratio of highest and lowest employee salary 47.14 47.85
Ratio of highest and lowest Directors’ salary 3.06 2.98
Ratio of highest and lowest Commissioner’s salary 1.27 1.27
Salary ratio of highest Directors and highest employees 3.29 2.58
Variable Remuneration for Employees in 2024
Amount received in 1 year
Variable Remuneration Employees
People Rp (Million)
Total 5,347 210,197.00
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Implementation of OJK Public Company
Governance Guidelines
In line with the Financial Services Authority Regulation (POJK) Number 21/POJK.04/2015 on the Implementation of Public Company
Governance Guidelines and Financial Services Authority Circular Letter (SEOJK) Number 32/SEOJK.04/2015 on Public Company
Governance Guidelines, Maybank Indonesia implements 5 (five) aspects and 8 (eight) principles of Good Corporate Governance and 25
(twenty-five) recommendations. Maybank Indonesia has implemented these Governance aspects and principles using the “comply or
explain” approach. In general, Maybank Indonesia has complied with these recommendations with the following details:
Aspects Principle Recommendation Implementation
1. Relationship Principle 1: 1.1 Public companies have a method or Comply
between Public Increasing the Value of technical procedure for collecting votes
Listed Company Organising the General (voting) both openly and privately that The Bank has complied with this recommendation.
and Shareholders Meeting of Shareholders prioritises the independence and interests The procedure for voting is set out in the Bank’s
in Guaranteeing (GMS) of shareholders. Articles of Association.
Shareholders’ Rights
In the implementation of each General Meeting of
Shareholders, the voting mechanism is part of the
meeting rules that are informed to shareholders
through announcements on the Company’s
website and read out at the beginning of the
General Meeting of Shareholders.
1.2 All members of the Board of Directors and Comply
Board of Commissioners of the company are
present at the annual GMS. The Bank has fulfilled this recommendationAll
members of the Board of Directors and Board of
Commissioners attended the 2024 AGM.
1.3 The summary of the minutes of the GMS is Comply
available on the company’s website for at
least 1 (one) year. Summary of GMS Minutes for 2022, both in
Bahasa Indonesia and English has been announced
at the latest 1 (one) working days after the
implementation of the GMS uploaded on the
Maybank Indonesia Website, OJK, KSEI eAsy
and IDX Electronic Reporting System. Maybank
Indonesia Website, presents information related
to the implementation of GMS, including
Summary of GMS Minutes in the last 5 (five) years.
Maybank Indonesia also displays the summary of
GMS minutes in Indonesian and English uploaded
1 (one) working days after the GMS on the
Maybank Indonesia Website.
Principle 2: 2.1 Public companies have a communication Comply
Improving the Quality policy with shareholders or investors.
of Open Company The Bank has developed a policy on communication
Communication with with shareholders and investors as recommended.
Shareholders or Investors 2.2 Public Listed Company discloses its Comply
communication policy with shareholders or
investors on its website. The Bank has fulfilled this recommendation.
Maybank Indonesia’s communication policy
with shareholders or investors on the Maybank
Indonesia website.
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2. Functions and Roles Principle 3: 3.1 Determination of the number of members Comply
of the Board of Strengthening the of the Board of Commissioners considers
Commissioners Membership and the condition of the public company. Membership and Composition of the Board of
Composition of the Board Commissioners Maybank Indonesia has fulfilled
of Commissioners the provisions of Article 20 OJK Regulation No.
33/POJK.04/2014 concerning Directors and Board
of Commissioners of Issuers or Public Companies,
namely the number of members of the Board
of Commissioners is more than 2 (two) people.
The number of Maybank Indonesia’s Board of
Commissioners is 9 (nine) members consisting of
5 (five) Independent Commissioners and 4 (four)
Non-Independent Commissioners. In addition
to the requirements of relevant regulations,
consideration are also made of the Bank’s own
conditions when determining the number of
members of the Board of Commissioners.
3.2 Determination of the composition Comply
of the Board of Commissioners takes
into account the diversity of expertise, Determination of the composition of the Bank’s
knowledge and experience required. Board of Commissioners takes into account
the diversity of expertise, knowledge and
experience in accordance with the needs and
strategic plans of the Bank. The fulfillment of
this recommendation refers to the prevailing
regulations.
Principle 4: 4.1 The BOC has a self-assessment policy to Comply
Strengthening the assess the performance of the BOC.
Membership and The Bank has a policy for self-assessment and
Composition of the Board peer-assessment of the performance of the
of Commissioners Board of Commissioners through the Board of
Commissioner (“BOC”) and BOC Committees
Effectiveness Evaluation (“BEE”) framework, so the
Bank has fulfilled this recommendation.
4.2 Self-assessment policy to assess Comply
the performance of the Board of
Commissioners, disclosed in the The self-assessment and peer assessment policies
company’s annual report. for assessing the performance of the Board of
Commissioners and Board of Commissioners
Committees are disclosed in the 2024 Annual
Report.
4.3 The Board of Commissioners has a policy Comply
regarding the resignation of members of
the Board of Commissioners if they are Policies related to resignation for members of the
involved in financial crimes. Board of Commissioners of Maybank Indonesia
are regulated in the Articles of Association. Article
18 paragraph (7) letter e of Maybank Indonesia’s
Articles of Association states that the term of
office of the Board of Commissioners ends if one
of them no longer meets the requirements of the
applicable legislation.
4.4 The Board of Commissioners or the Comply
committee that carries out the nomination
and remuneration function develops The Bank has a Nomination and Remuneration
a succession policy in the process of Committee that has developed policies on the
nominating members of the board of nomination process and succession planning for
directors. members of the Board of Directors.
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3. Functions and Roles of Principle 5: 5.1 The determination of the number of Comply
the Board of Directors Strengthening the members of the Board of Directors
Membership and considers the condition of the public The composition of the Board of Directors of
Composition of the Board company as well as the effectiveness in Maybank Indonesia has fulfilled the provisions
of Directors decision making. of Article 20 OJK Regulation 33/POJK.04/2014
concerning Directors and Board of Commissioners
of Issuers or Public Companies, namely the Board
of Directors of Issuers or Public Companies
consists of at least 2 (two) members of the Board
of Directors. The number of Directors of Maybank
Indonesia as of 31 December 2024 is 10 (ten)
people and the determination has been based
on the strategic needs of Maybank Indonesia.
The effectiveness in decision making of the
Board of Directors is regulated in the Articles of
Association of Maybank Indonesia. The Articles of
Association could be accessed through Maybank
Indonesia’s official website.
5.2 Determination of the composition of the Comply
members of the Board of Directors pays
attention to the diversity of expertise, Determination of the composition of the Board
knowledge and experience required. of Directors of Maybank Indonesia takes into
account the diversity of expertise, knowledge,
educational background and experience
required by the Bank and the fulfillment of this
recommendation, Maybank Indonesia also refers
to applicable regulations.
5.3 Members of the Board of Directors in Comply
charge of accounting or finance have
expertise and / or knowledge in the field Mr. Shaifl Adhli Yazid - Finance Director of
of accounting Maybank Indonesia has good expertise and
knowledge in accounting as in her educational
background and experience listed in the Profile of
the Board of Directors in this annual report.
Principle 6: 6.1 The Board of Directors has a self- Comply
Improving the Quality assessment policy to assess the
of the Implementation performance of the Board of Directors. The performance assessment mechanism of
of the Duties and the Board of Directors is carried out through
Responsibilities of the a comparison between targets and actual
Board of Directors achievements of the Bank, in accordance with
the areas of responsibility of each member of
the Board of Directors in accordance with the
established Balance Scorecard.
6.2 The self-assessment policy to assess the Comply
performance of the Board of Directors is
disclosed in the annual report of the public The self-assessment policy for assessing the
company. performance of the Board of Directors has been
disclosed in the 2024 Annual Report.
6.3 The Board of Directors has a policy Comply
regarding the resignation of members of
the Board of Directors if they are involved Policies related to resignation for members of
in financial crimes. the Board of Directors of Maybank Indonesia are
regulated in the Articles of Association. Article
15 paragraph (10) letter e of Maybank Indonesia’s
Articles of Association states that the term of
office of the Board of Directors ends if one of
them no longer meets the requirements of the
applicable legislation.
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4. Stakeholder Principle 7: 7.1 Publicly listed companies have policies Comply
Participation Improving Corporate to prevent the occurrence of
Governance Aspects insider trading. The Bank has a Code of Ethics and Code of
through Stakeholder Conduct policy that prohibits insider trading.
Participation 7.2 Publicly listed companies have an anti- Comply
corruption and Anti Fraud policy
Maybank Indonesia Anti-Bribery and Corruption
policies and procedures. The implementation of
the Anti-Bribery and Corruption framework is
described in this Annual Report.
7.3 Publicly listed companies have a policy on Comply
the selection and improvement of supplier
or vendor capabilities. The Bank has a policy on the selection and
upgrading of suppliers or vendors so the Bank has
fulfilled this recommendation.
7.4 Publicly listed companies have a policy on Comply
the fulfillment of creditors’ rights.
In order to protect creditors' rights, the
Bank implements an honest and transparent
information disclosure system and treats all
creditors equally without discrimination.
With information disclosure, all creditors and
business partners have the right to obtain relevant
information according to their needs so that each
party can make objective decisions based on fair,
reasonable, and accurate considerations.
Protection of creditor rights is stipulated in the
agreement agreed by both parties. As part of the
implementation of creditors' rights, the Bank
also always carries out its obligations as agreed
in a timely manner and strives to avoid delays or
negligence that have the potential to cause losses
to both parties.
7.5 Publicly listed companies have a whistle Comply
blowing system policy
The Bank has a whistleblowing system policy
which information can be accessed on the
Maybank Indonesia website. In addition, the
Board of Commissioners of Maybank Indonesia
has also established a Whistleblowing Governance
Committee in order to support the supervisory
function of the Board of Commissioners
in terms of whistleblowing governance in
Maybank Indonesia. The implementation of
the whistleblowing policy and the duties of the
Whistleblowing Governance Committee are
disclosed in this annual report.
7.6 The Company has a policy for the Comply
provision of long-term incentives to
Directors and employees. In terms of providing long-term incentives to
Commissioners and Directors, Maybank Indonesia
refers to OJK Regulation No. 45/POJK.03/2015
concerning the Implementation of Governance in
Providing Remuneration for Commercial Banks.
5. Information Principle 8: 8.1 Publicly listed companies utilise Comply
Improving the information technology to a greater extent
Implementation of than websites as a medium for information Maybank Indonesia has a website as a media
Information Disclosure disclosure. for information disclosure so that the Bank has
fulfilled this recommendation.
8.2 The annual report of a publicly listed Comply
company discloses the ultimate beneficial
owner in the ownership of shares of a As in this Annual Report, the Bank discloses
publicly listed company of at least 5% that the beneficial owners have fulfilled this
(five percent), in addition to the disclosure recommendation by disclosing the structure of the
of the ultimate beneficial owner in the main and controlling shareholders.
ownership of shares of a publicly listed
company through the major shareholders
and controlling shareholders.
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General Guidelines for Indonesian
Corporate Governance (PUGKI)
The National Committee on Governance Policy (KNKG) issued the General Guidelines for Indonesian Corporate Governance (PUGKI)
2021 which serves as a guideline for global standard corporate governance practices. The guidelines are recommended especially for
corporations listed on the capital market and managing public funds, including Maybank Indonesia.
PUGKI 2021 consists of eight principles divided into three groups of principles:
1) The first group of principles, which regulates the management and supervisory functions of the corporation, namely the Board of
Directors and the Board of Commissioners, is presented in principles 1 through 3;
2) The second group of principles, which govern the processes and outputs produced by the Board of Directors and the Board of
Commissioners, are presented in principles 4 through 6; and
3) The third group of principles, which governs the owners of resources, who will primarily benefit from the implementation of
corporate governance, are presented in principles 7 and 8.
Maybank Indonesia implements PUGKI 2021 principles and recommendations based on the “comply or explain” approach with details of
its implementation, as follows:
Principle Recommendation Implementation at Maybank Indonesia
Principle 1: 1.1 Roles and 1.1.1 To achieve sustainable value creation, the Comply
Roles and Responsibilities BOD exercises its leadership role and seeks to
Responsibilities of the Board of achieve the following governance outcomes: The Board of Directors sets high standards of business ethics
of the Board of Directors a. competitive and focused on long-term and ensures the implementation of a code of ethics that creates
Directors and Board performance; a corporate culture of integrity. This is done, among others, by
of Commissioners b. ethical and responsible in conducting implementing the TIGER work culture. The Board of Directors has
business; made the optimisation of the application of the latest information
c. contributing positively to society and the technology as one of the pillars of strategy in achieving both short
environment; and and long term business targets.
d. having the ability to survive and grow
(corporate resilience). The Bank’s risk management and internal control systems are
1.1.2 The Board of Directors shall ensure that the always aligned with the Bank’s vision, mission, goals, objectives and
mission, vision, goals, objectives, strategies, corporate strategies as well as complying with prevailing laws and
and annual and medium-term plans of the standards. The Board of Directors ensures that everyone involved
corporation are consistent with long-term in the preparation and disclosure of corporate information has the
goals, by effectively utilising innovation and relevant professional certification issued by a reputable institution.
technology.
1.1.3 The Board of Directors ensures that the Periodically, the Board of Directors also submits a report
corporation implements an appropriate and commenting on the Quarterly Financial Report and is published
effective risk management and internal control together with the Quarterly Financial Report.
system that is aligned with the corporation’s
vision, mission, goals, objectives, and strategies The Board of Directors and the Management have ensured that the
and complies with applicable laws and Sustainability Report is prepared based on a reporting framework
standards. that is appropriate to the size and complexity of the corporation
1.1.4 The Board of Directors ensures the integrity and meets national and/or global standards. The Board of Directors
of the corporation’s accounting and financial ensured that the Bank has an Information and Technology resource
reporting systems and the timely and accurate allocation policy that ensures adequate and optimal investment and
disclosure of all material information regarding allocation of Information and Technology resources. The Board of
the corporation. Directors ensures that the Syariah Business Unit has adequate and
1.1.5 The Board of Directors ensures that effective supporting tools.
sustainability reporting has been properly
prepared. The Maybank Indonesia Board of Directors Charter is reviewed
1.1.6 The Board of Directors establishes a framework periodically. In addition to the BOD Charter, the roles of individual
for corporate information technology Directors are determined annually by resolution of the General
(IT) governance that is aligned with the Meeting of Shareholders. The division of duties and authorities
corporation’s business needs and priorities, among members of the Board of Directors for 2022, based on
drives business opportunities and performance, the Resolution of the Annual General Meeting of Shareholders of
strengthens risk management, and supports Maybank Indonesia dated 25 March 2022, which approved the duties
corporate goals and strategies. and authorities among members of the Board of Directors for the
1.1.7 For corporations that carry out business fiscal year 2022. Based on the resolution of the AGMS, the duties and
activities based on Sharia principles, the Board authorities are determined through a Board of Directors Resolution.
of Directors needs to ensure adequate authority
and availability of supporting tools so that the The process of selection, appointment, dismissal, and/or
Sharia Supervisory Board can carry out its role replacement of members of the Board of Commissioners, Board of
effectively. Directors and Independent Parties as Members of the Bank’s Board
1.1.8 The Charter of the Board of Directors is of Commissioners Level Committee, is regulated in the Nomination
periodically reviewed. The Charter includes, and Remuneration Committee charter.
among others, the division of roles of individual
Directors, which can be regulated in the Charter
of the Board of Directors or by a resolution of
the Board of Directors.
1.1.9 The Board of Directors has a policy regarding
the resignation of members of the Board of
Directors if they are involved in financial crimes
and proven guilty.
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1.2 Performance 1.2.1 The BOC conducts an annual formal evaluation Applied
Appraisal objectively and independently to determine the
- Board of effectiveness of the BOD and each individual The Board of Commissioners through the Nomination and
Directors and Director. Remuneration Committee assess the performance of the Board of
its Members Directors using the criteria as described in assessment of Board of
1.2.2 The BOC, with consideration from the Directors’ performance
Nomination and Remuneration Committee, is (Including President Director - Chief Executive Officer) in this Annual
responsible for determining the performance Report.
evaluation criteria and assessing the
performance of the President Director and The BOC ensures that the President Director’s performance
other members of the BOD. evaluation is based on pre-determined criteria that have been
communicated to him in advance. The criteria or performance
evaluation should incentivise the President Director to fulfill his
role in supporting the achievement of corporate objectives and
sustainable value creation.
1.3 Roles and 1.3.1 The BOC reviews the corporate strategy at least Applied
Responsibilities annually and approves the mission, vision and
of the Board of corporate strategy formulated by the BOD. The Supervision over the formulation and implementation of the Bank’s
Commissioners BOC also reviews, advises and approves the strategies and policies is carried out by the Board of Commissioners
business plan and long-term financial plan and by providing the necessary support, advice and consultation in the
short-term financial plan of the corporation. preparation of the RBB and the achievement of the targets set out
The BOC advises and monitors the BOD on in the RBB.
the management of their implementation.
The Board of Directors and the Board of In accordance with the Bank’s Articles of Association, the Board
Commissioners are involved in decisions that of Commissioners provides decisions regarding several matters
are very important to the corporation, regulated including to purchase or otherwise acquire/obtain immovable
in the articles of association of the corporation. property (rights to land and/or buildings) and/or companies, which
1.3.2 The type of decision that requires the approval are not in the context of saving receivables; To sell or otherwise
of the Board of Commissioners must be transfer the rights of immovable property (rights to land and/or
disclosed in the annual report. buildings) and/or companies, excluding the sale of former collateral
1.3.3 Taking into account the recommendations of in the context of saving receivables; To encumber, mortgage or
the Nomination and Remuneration Committee, otherwise pledge/collateralise the Company’s assets; To take part
the Board of Commissioners proposes to, and to or participate or dispose of, either partially or wholly, in other
be decided by, the GMS the appointment and/or companies or entities or organise new companies that are not in
dismissal of members of the Board of Directors the context of receivables rescue, in accordance with applicable
and members of the Board of Commissioners. regulations; To borrow money or receive credit facilities or other
In proposing the above, the Board of banking facilities that are not the Company’s daily business activities
Commissioners pays attention to diversity, in the amount determined from time to time by the Board of
nondiscriminatory elements and provides equal Commissioners Meeting, unless the provisions of the law determine
opportunities without distinguishing ethnicity, the approval of the Board of Commissioners; To conduct Foreign
religion, race, intergroup and gender. The Board Exchange Transactions and derivatives in the form of interest rates
of Commissioners ensures that the nomination or foreign exchange with banks, both at home and abroad, where
and election process for members of the Board the Company must sign agreements such as ISDA (International
of Directors and members of the Board of Swap Dealers Association), ICOM (International Currency Options
Commissioners is formal and transparent. Market) or other equivalent agreements; To lend money or provide
1.3.4 The Board of Commissioners or the Committee credit facilities or other banking facilities that are not part of the
carrying out the nomination function develops a Company’s day-to-day business activities in an amount determined
succession policy in the nomination process for from time to time by the Board of Commissioners Meeting,
members of the Board of Directors. Each year unless statutory provisions require the approval of the Board of
the Board of Commissioners reviews the report Commissioners; To issue bank guarantees or in any other way
on the implementation of the development and become a guarantor (borg) or avalis to guarantee the payment of
succession plan submitted by the President debts or financial obligations of other persons/parties.
Director.
1.3.5 The Board of Commissioners a). proposes In addition, the Board of Commissioners approves loans to parties
to the GMS, which may be preceded by a related to the Bank, in accordance with the provisions of the
proposal from the Committee carrying out applicable authorities.
the remuneration function, the amount of
remuneration for members of the Board The Board of Commissioners plays an active role in the appointment
of Directors and members of the Board of and/or dismissal process of members of the Board of Directors
Commissioners that is aligned with sustainable and members of the Board of Commissioners, taking into account
corporate development and the long-term diversity, expertise/experience, nationality, gender, age level and
interests of the corporation and shareholders; independence.
b). periodically reviews the remuneration
system of the Board of Directors and the Board
of Commissioners.
1.3.6 The Board of Commissioners oversees the
effectiveness of corporate governance policies
and their implementation and proposes changes
if necessary.
1.3.7 The Board of Commissioners monitors and
directs that the corporation implements
appropriate and effective risk management
and internal control systems that are aligned
with the goals, objectives and strategies of
the corporation and comply with applicable
laws and regulations, codes of conduct and
standards.
1.3.8 The BOC oversees and directs the integrity
of the Corporation’s accounting and financial
reporting systems, as well as the independence
of the internal and external audit functions.
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1.3.9 The BOC monitors, reviews and approves the In order to prepare for leadership regeneration, the Bank has
Corporation’s annual report and sustainability and implements a succession policy for the Board of Directors
report and ensures their integrity, and and/or Senior Management which regulates several matters as
oversees the Corporation’s disclosure and stated in the Annual Report. The Nomination and Remuneration
communication processes. Committee discusses the remuneration of the Board of
1.3.10 The Board of Commissioners Charter is Commissioners by considering information on the range and
periodically reviewed. standard of remuneration with industry peers in the market and
1.3.11 The BOC has a policy regarding the resignation the Bank’s ability; the Nomination and Remuneration Committee
of BOC members if they are involved in financial provides recommendations for further discussion at the Board of
crimes and proven guilty. Commissioners Meeting; the Board of Commissioners studies the
1.3.12 Independent Commissioners are expected to recommendations of the Nomination and Remuneration Committee
contribute to honest, objective, active and and proposes the remuneration to the GMS; and the GMS
constructive discussions at BOC meetings. determines the remuneration for the Board of Commissioners.
1.3.13 The President Commissioner serves as the
coordinator of the BOC and ensures its The Board of Commissioners continues to assess the quality of
effectiveness. The President Commissioner GCG implementation, both independently (self-assessment) and
encourages a culture of openness and in collaboration with third parties to obtain more independent
constructive dialog that allows a wide range of assessment results. On an individual and consolidated basis,
views to be expressed, including coordinating the Bank’s GCG Rating is 2 (GOOD), reflecting that the Bank’s
the setting of appropriate board meeting management has implemented adequate GCG principles. The
agendas and ensuring sufficient time is available Board of Commissioners regularly and periodically monitors the
to discuss all agendas. In addition, there should effectiveness of the Bank’s risk management system and internal
also be opportunities for the BOC to meet with control system. As part of the Bank’s strategy setting process, the
the BOD and senior management. Board of Commissioners determines the risk appetite as a direction
for business units on the level of risk to be taken, taking into account
external and internal conditions as well as the Bank’s capabilities and
limitations. The Board of Commissioners, through the established
Committees, periodically assesses the control environment and
conducts independent assessments that are communicated to the
Board of Directors for follow-up.
The preparation of the Annual Report and Sustainability Report is
reviewed and approved by the BOC.
The BOC Charter is reviewed and updated periodically.
The process of selection, appointment, dismissal and/or replacement
of members of the Board of Commissioners, Board of Directors
and Independent Parties, is regulated in the Nomination and
Remuneration Committee Charter.
All Independent Commissioners of the Bank have passed the Fit
and Proper Test and have obtained OJK approval as Independent
Commissioners and are appointed based on GMS approval. The
President Commissioner of the Bank has duties and responsibilities
including coordinating the implementation of the duties and
responsibilities of the Board of Commissioners, as well as providing
proposals for holding meetings including meeting agendas.
1.4 Establishment 1.4.1 The Corporation has committees under Applied
of the the Board of Commissioners consisting
Committee of at least: Audit Committee, Nomination 1.4.1 Committees at the Board of Commissioners level consist of the
and Remuneration Committee and Risk Audit Committee, Risk Monitoring Committee, Nomination
Management Monitoring Committee. and Remuneration Committee, and Integrated Good Corporate
1.4.2 The Board of Commissioners ensures that the Governance. As a reinforcement in carrying out the duties and
members of the Audit Committee are entirely supervisory functions of the Board of Commissioners, the Bank
independent and other committees formed by established additional committees, namely the Whistleblowing
the Board of Commissioners have a majority Governance Committee and the Information and Technology
of independent parties, and all committee Monitoring Committee.
members are competent, committed, and have 1.4.2 The Board of Commissioners ensures that all members of the
sufficient authority to carry out their roles Audit Committee have met all independence criteria and are
effectively and independently. able to perform their duties independently. All members of
1.4.3 To ensure objective and independent the Bank’s Audit Committee are Independent Commissioners
monitoring of the Audit Committee’s duties, and Independent Parties, thus meeting the independence
the President Commissioner may not be the requirements.
chairman of the Audit Committee, except in 1.4.3 The Bank's Audit Committee consists of 5 (five) members,
exceptional circumstances which must be consisting of 3 (three) Independent Commissioners, one
explained in the annual report. of whom is the Chairman concurrently as member, and
2 (two) Independent Party members with competencies
and qualifications in accounting and banking finance.
The number, composition, membership composition and
independence of all members of the Audit Committee have
fulfilled the applicable provisions as in OJK Regulation on the
Implementation of Governance for Commercial Banks and OJK
Regulation No. 55/POJK.04/2015 on the Establishment and
Implementation Guidelines for the Audit Committee and other
related provisions. Provisions regarding the implementation of
Maybank Indonesia Audit Committee duties are regulated in
the Audit Committee Charter.
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1.5 Performance 1.5.1 The BOC conducts a formal annual objective Applied
Appraisal evaluation to determine the effectiveness of
- Board of the Board, its committees, and each individual Maybank Indonesia Board of Commissioners undergoes an annual
Commissioners Commissioner. formal evaluation through the Board of Commissioners ("BOC") and
and its BOC Committees Effectiveness Evaluation ("BEE") framework. This
Members evaluation is conducted to assess the effectiveness of the Board
of Commissioners (including the President Commissioner) and its
Committees in carrying out their duties. The criteria and results of
the BEE assessment are based on several factors outlined in this
Annual Report.
1.6 Conflict of 1.6.1 Members of the Board of Directors who hold Applied
Interest concurrent positions outside the corporation
must obtain approval from the Board of 1.6.1 Members of the Bank's Board of Directors who hold concurrent
Commissioners. A Commissioner informs the positions outside the corporation have obtained approval
Board of Commissioners and the chairman of from the Board of Commissioners. Especially for members of
the committee that carries out the nomination the Board of Directors who have concurrent positions in order
function, before accepting a new appointment to carry out supervisory duties on non-Bank subsidiaries.
as a Director or Commissioner of a publicly This dual position is an assignment from the Bank as the
listed corporation, other Directorships or other shareholder. In addition, before accepting a new appointment
positions with significant time commitments. as a Director or member of the Board of Commissioners, the
1.6.2 The BOC monitors and manages potential Nomination and Remuneration Committee has ensured that
conflicts of interest of management, members the candidate does not hold a position that is prohibited in the
of the BOD, BOC and shareholders, including OJK Regulation.
misuse of corporate assets and abuse in related
party transactions. Commissioners who have 1.6.2 In carrying out their duties and responsibilities, all members
a conflict of interest do not participate in of the Board of Commissioners are committed to avoiding
monitoring and decision-making on potential potential conflicts of interest or always positioning themselves
conflicts of interest involving the Commissioner not to be in a potential conflict of interest in any situation as
or an affiliate of the Commissioner concerned. stipulated in the applicable provisions and regulations.
In the event of a conflict of interest, members of the Board
of Commissioners are prohibited from taking actions that
may harm or reduce the Bank’s profits and must disclose the
potential conflict of interest in every decision making.
1.7 Competency 1.7.1 The BOC ensures that members of the BOD and Applied
Improvement BOC understand their roles and responsibilities,
for Members the characteristics and operations of the The Board of Commissioners and the Board of Directors have
of the Board corporation, relevant laws and standards and participated in education and training with the aim of enhancing
of Directors other applicable obligations. The Board of strategic capabilities, mining business knowledge, improving
and Board of Directors through the corporate secretary leadership, developing new skills, as well as improving and
Commissioners supports all Board members in updating and maintaining the quality of their banking services. The details of the
refreshing their skills and knowledge required education and training attended by the Board of Commissioners and
to perform their roles on the Board. Board of Directors are set out in the Annual Report.
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Principle 2: 2.1 Composition 2.1.1 In determining Director candidates, the BOC Applied
Composition and of the Board through the Nomination and Remuneration
Remuneration of the of Directors Committee does not rely solely on 2.1.1 Maybank Indonesia may use the services of independent and
Board of Directors and Board of recommendations from the BOC, management reputable third parties (search firms) in the selection process
and Board of Commissioners or majority shareholders. The BOC through the of the Board of Directors and the Board of Commissioners
Commissioners Nomination and Remuneration Committee may candidates. Third parties appointed (search firms) by the Bank
use independent sources to determine qualified will assist the selection process.
candidates. 2.1.2 Candidates for the Board of Directors of the Bank must at
2.1.2 The Board of Commissioners ensures that the least meet the requirements and criteria as stipulated in
criteria in selecting members of the Board of the prevailing laws and regulations, both requirements and
Directors include at least the knowledge, skills criteria in terms of integrity, competence, reputation, domicile,
and expertise required to appropriately fulfill independence, or other specific criteria according to the field
the role of the Board of Directors and pay of the Director.
attention to the fulfillment of the diversity of 2.1.3 In general, the number of members of the Board of
the Board of Directors. Commissioners and the Board of Directors has been based
2.1.3 The corporate policy on diversity in the Board on the need to achieve the Bank’s goals and objectives
of Directors and Board of Commissioners is and adjusted to the Bank’s conditions which include the
disclosed in the Annual Report. characteristics, capacity, and size of the Bank and the diversity
2.1.4 The BOC ensures that the policies and of the composition of the Board of Directors as disclosed in
procedures for selection and nomination of this Annual Report.
Commissioners are clear and transparent so 2.1.4 In order to achieve the composition of the Board of Directors
as to produce the desired composition of the and the Board of Commissioners as desired by the Bank,
Board. The BOC uses independent sources to the process of selection, appointment, dismissal, and/or
determine qualified candidates. replacement of members of the Board of Commissioners,
2.1.5 The Board of Commissioners/Committee Board of Directors, and Independent Committee members is
performing the nomination function establishes conducted openly and transparently. In this regard, the Bank's
nomination procedures and criteria consistent selection and nomination process adhere to the Nomination
with the Board of Commissioners’ approved and Remuneration Committee Charter. The Bank may engage
skills matrix and ensures that candidate profiles the services of independent third parties (search firms)
meet the requirements set out in the skills with a good reputation in the selection process of Board of
matrix and nomination criteria. Commissioners candidates.
2.1.6 The composition of the BOC should be such 2.1.5 Through the Nomination and Remuneration Committee, the
that its members as a group reflect the diversity Bank established nomination procedures and criteria that are
in terms of skills, expertise, knowledge, in line with the Bank's needs and profile, measured from the
experience, age, cultural background and matrix of expertise, experience, and industry mastered by
gender required to properly fulfill the role of the each Commissioner desired by the Board of Commissioners.
BOC. The expertise, experience, and industry matrix are obtained
2.1.7 To enable the BOC to provide independent from the BEE framework subsequently approved by the Board
advice and supervision to the BOD and for roles of Commissioners. In addition, candidates for Bank's Board of
where there is a potential conflict of interest, Commissioners must at least meet the requirements covering
the BOC consists of a sufficient number of integrity, competence, and good reputation, as stipulated
Independent Commissioners, with term limits in the OJK Regulation regarding Corporate Governance
and disclosure of the term of membership of the for Commercial Banks and Assessment of the Ability and
BOC and their independence from a corporate Suitability of Key Parties.
perspective. 2.1.6 The Bank has arranged for diversity in the composition of
2.1.8 To facilitate the effective functioning of the the Board of Commissioners, reflecting diversity in terms
BOD and BOC and to enhance investor and of abilities, expertise, knowledge, experience, age, cultural
stakeholder confidence, the Nomination and background, and gender needed to fulfill the role of the Board
Remuneration Committee ensures that there is of Commissioners as required by the Bank.
a formal, rigorous and transparent process for 2.1.7 The composition and number of Maybank Indonesia’s Board
the appointment and removal of BOD and BOC of Commissioners are in accordance with the provisions of
members. the OJK Regulation regarding Corporate Governance for
Commercial Banks. As of 31 December 2023, the number of
Independent Commissioners of the Bank amounted to 4 (four)
members out of a total of 8 (eight) members of the Board of
Commissioners, or equivalent to 50% (fifty percent).
2.1.8 The Nomination and Remuneration Committee assesses
and provides recommendations on candidates nominated as
members of the Board of Directors, Board of Commissioners,
to be submitted to the Board of Commissioners and
subsequently proposed to the GMS. In addition, the
Nomination and Remuneration Committee of Independent
Parties who will become members of the Committee to be
submitted to the Board of Commissioners
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2.2 Remuneration 2.2.1. The remuneration policy for members of the Applied
of Directors BOD consists of a remuneration structure
and Board of that is oriented towards sustainable corporate 2.2.1 As in the functions and duties of the Nomination and
Commissioners development and encourages the achievement Remuneration Committee, the Bank operates a Risk Based
of long-term goals. The remuneration of the remuneration policy. Until 2023, the policy is still relevant.
BOD shall be proposed, possibly through the The Bank’s remuneration policy is prepared by prioritising a
Nomination and Remuneration Committee, competitive, fair and balanced remuneration system, based on
by the BOC to be decided by the GMS. The applicable laws and regulations.
amount of remuneration proposed to the GMS 2.2.2 The Bank prepares the structure, policy, and amount of
is determined by considering the role of each remuneration for each member of the Board of Commissioners
member of the BOD and the economic situation by taking into account the duties, authority, performance,
and corporate performance. and responsibilities of the Board of Commissioners. The Bank
2.2.2 The remuneration policy for members of also takes into account the remuneration prevailing in similar
the Board of Commissioners consists of industries (peers group) and the Bank’s ability.
a remuneration structure that is oriented 2.2.3 The Nomination and Remuneration Committee discusses
towards sustainable corporate development the remuneration of the Board of Commissioners by
and encourages the achievement of long-term considering information on the range and standard of
goals. The amount of remuneration proposed remuneration with similar industries (peers group) in the
by the Board of Commissioners to the GMS market and the Bank’s ability. The Bank has a procedure for
is determined by considering the role of each conducting periodic independent reviews of the remuneration
member of the Board of Commissioners and the provided to the Board of Commissioners through the
economic situation and corporate performance. Board Remuneration Review framework. This is done to
In addition, it must also consider his position as ensure that the remuneration package aligns with the
President Commissioner and chairman and his performance, qualifications, and competencies of the Board
membership in committees. of Commissioners, while considering corporate operational
2.2.3 To ensure that remuneration packages are performance, individual contributions, and market conditions.
determined based on the achievements,
qualifications and competencies of Directors
and Commissioners by taking into account
the performance of corporate operations,
individual performance and market conditions,
the Nomination and Remuneration Committee
ensures that there is a fair and transparent
procedure for determining the remuneration
policy for members of the Board of Directors
and the Board of Commissioners.
Principle 3: 3.1 Nature of 3.1.1 There are open discussions between the Board Applied
Working Working of Directors and the Board of Commissioners
Relationship Relationship as well as between members of the Board 3.1.1 Discussions between the Board of Directors and the Board
between the of Directors and members of the Board of of Commissioners can be conducted through joint Board
Board of Directors Commissioners. However, it is still important to of Commissioners meetings with the Board of Directors.
and the Board of maintain the confidentiality of information to Through these meetings, the Board of Commissioners
Commissioners avoid leakage of confidential information. discusses various matters, including follow-up reports
3.1.2 In accordance with their respective duties from the Minutes of the Board of Commissioners Meeting;
and roles, the BOD cooperates with the BOC financial performance reports; and reports of committees
in formulating the corporate mission, vision under the Board of Commissioners and other discussions. The
and strategy and regularly discusses their conduct of meetings is carried out with proper administrative
implementation. processes so that confidential information is well preserved in
3.1.3 The Corporate Secretary has an important role accordance with applicable regulations.
in supporting the effectiveness of the working 3.1.2 Every year, the Bank’s strategies and policies in the short and
relationship between the Board of Directors and medium term are prepared in the form of a Corporate Plan and
the Board of Commissioners, encouraging the Bank Business Plan (RBB) in accordance with the established
implementation of good corporate governance Vision and Mission. Periodically, the Board of Directors
practices, including effective communication together with the Board of Commissioners and the Bank’s
with shareholders and other stakeholders. senior management conduct periodic evaluations of the Bank’s
strategies and policies and their implementation at all levels of
the organisation.
3.1.3 The Bank appoints a Corporate Secretary with detailed
information as in this Annual Report in the profile of the
Corporate Secretary. The Bank’s Corporate Secretary is
responsible for maintaining the Bank’s image and protecting
the Bank’s interests by establishing communication and good
relations with all parties and as a liaison between the Bank and
Shareholders and other Stakeholders.
3.2 Access to 3.2.1 The BOD is responsible for ensuring that the Applied
information for BOC has access to accurate, relevant and
the Board of timely information. The BOC itself ensures The Board of Directors through the Corporate Secretary provides
Commissioners that it obtains adequate information. The BOD access to accurate, relevant and timely information to the Board
provides information to the BOC regularly, of Commissioners. The Corporate Secretary also administers,
without delay and in a comprehensive manner distributes and follows up on incoming letters received by the
on all issues relevant to the corporation. The Bank and addressed to the Board of Directors and/or Board of
BOC may at any time request the BOD to Commissioners.
provide additional information.
3.3 Responsibility 3.3.1 Impact of ownership structure on the Applied
of the Board of corporation. The Board of Directors and
Directors and the Board of Commissioners consider The Board of Directors and Board of Commissioners of the Bank
the Board of their responsibilities in the context of the always understand the shareholder ownership structure and the
Commissioners corporation’s shareholding structure and inter- relationship between the shareholders of the corporation, and
for the Impact shareholder relationships that may impact the consider the impact on control over the corporation, including
of Structure management and operation of the corporation. written and unwritten family agreements as controlling shareholders,
agreements between shareholders, or business group policies of
which the corporation is a part. In this regard, the Bank observes the
provisions as stipulated in OJK Regulation No. 42/POJK.04/2020
concerning Affiliate Transactions and Conflict of Interest
Transactions.
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Principle 4: 4.1 Code of Ethics 4.1.1 This statement is set out in the Code of Applied
Ethical and and Conduct Conduct and Business Ethics which must clearly
Responsible express the corporation’s expectation that 4.1.1 The Bank has a Code of Ethics and Code of Conduct that
Behavior each member of the Board of Directors and must be adhered to by the Board of Directors and Board of
Board of Commissioners and employees will: Commissioners. The implementation and application of the
a. Act in the best interests of the corporation; Code of Ethics and Code of Conduct is the responsibility of
b. Act honestly and with a high standard of all employees at all levels of the organisation, as well as one
integrity; c. Be independent and act based on of the Bank’s commitments to implement Good Corporate
complete information, in good faith, with due Governance in achieving its vision and mission. Every year,
diligence and prudence; d. Comply with laws the Board of Directors and Board of Commissioners sign
and regulations applicable to the corporation an Integrity Pact, stating the commitment of the Board of
and its operations; e. Avoid actions that violate Directors and Board of Commissioners to always comply with
laws and regulations or unethical actions the Code of Conduct and Good Business Ethics.
based on the corporation’s ethical guidelines; 4.1.2 The Bank has an Anti-Bribery and Corruption (AB&C) Policy
f. Not engaging or participating in any activity that is aligned with relevant supporting regulations, including
that would create a conflict of interest with provisions of the Code of Ethics and Code of Conduct
the best interests of the corporation or that guidelines, Strategic Procurement, and provisions regarding
would negatively impact the reputation of the Implementation of Anti Fraud Strategies. The scope of
the corporation; g. Not taking advantage of Maybank Indonesia's Policy generally covers the following:
property or information that applies to the 1. Management of bribery and corruption risks
corporation and its operations. Not taking 2. Provisions regarding the giving and receiving of benefits or gifts
advantage of property or information owned and business entertainment
by the corporation, other asset holdings or its 3. Business relationships with Suppliers, Vendors, or Other
customers for personal interests or that cause Related Individuals/Third Parties and Customer Centric Culture,
harm to the corporation and its customers. which serve as the platform for the transformation process
h. Not utilising his position or opportunities of "Customer Experience" at Maybank. This commitment is a
generated by his position for personal gain; tangible manifestation of the Bank's concern for the importance
i. Avoiding the act of requesting or receiving of Customer Perceived Values for sustainable business
from third parties payments, gratuities or other growth at Maybank. In line with this, Maybank Indonesia also
benefits for himself or for others that cause focuses on various activity designs, programs, and provisions
conflicts of interest / provide benefits to third to enhance customer protection for deposits and customer
parties in violation of statutory regulations; j. data confidentiality by continuously adhering to applicable
Respect differences of opinion and the rights regulations and provisions. Maybank Indonesia implements
of each member of the Board of Directors, information technology systems that can protect and safeguard
Board of Commissioners, and employees; k. all customer data as well as other protection activities,
Ensure complete, fair, accurate, timely, and especially in terms of control and monitoring awareness
understandable disclosures in reports and to minimise risks that impact the security and comfort of
documents submitted by the corporation to customers as Maybank's partners.
regulators and in other public communications; 4. Contributions to political activities, fundraising, and charity
4.1.2 The Board of Directors establishes policies 5. Monitoring
and practices on anti-money laundering 6. Recording and documentation
and terrorism financing, anti-bribery, anti- 7. Whistleblowing
corruption, Anti Fraud, involvement in politics 8. Training and Awareness. Additionally, Maybank Indonesia
by referring to national or international continues to optimise effective programs to support the
standards regarding anti-money laundering, implementation of Anti-Bribery and Corruption Policies within
anti-bribery, anti-corruption, Anti Fraud or the Bank's environment.
other related standards.
The Bank has a policy to enforce compliance on indications of fraud
as stipulated in agreements with third parties, where the Agreement
states that Commissioners/Directors/Employees or any other
party representing the Bank are prohibited from requesting and/or
receiving any amount of money and/or gifts or anything in any form
outside of what is stipulated in the Agreement.
4.2 Values and 4.2.1 The corporation articulates, fosters and Applied
Organisational expresses corporate culture and values
Culture The Board of Directors implements the Bank’s values, namely
Teamwork, Integrity, Growth, Excellence and Efficiency, and
Relationship Building or TIGER, so that Maybankers can carry out the
Bank’s operations properly and prevent various acts of fraud, money
laundering and terrorism financing, anti-corruption, offering or
receiving bribes and payments, or other inducements to commit acts
that violate laws and regulations or are unethical.
4.3 Enforcement 4.3.1 The corporate code of conduct and code of Applied
and ethics are effectively communicated to the
Communication Board of Directors, Board of Commissioners, Dissemination or socialisation of the Code of Ethics and Code of
of Ethical and all employees, integrated into corporate Conduct is carried out periodically through various available media
Guidelines, strategy and operations including risk to foster awareness and understanding to implement behavior in
Values and management systems and remuneration accordance with the Bank’s core values. Each year, members of the
Culture structures, and enforced. Board of Commissioners and its committees, members of the Board
of Directors and officials one level below, as well as all employees
are required to provide a statement of commitment to the
implementation of the Code of Ethics and Code of Conduct.
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Principle 5: 5.1 Internal 5.1.1 The Board of Directors periodically reviews the Applied
Risk Management, Control and appropriateness of the design and operational
Internal Control and Compliance effectiveness of the Corporation’s systems of The Board of Directors has implemented the Internal Control
Compliance governance, risk management, internal control System in accordance with the principles of control and the overall
and compliance and reports the implementation evaluation conducted by the Bank shows that the quality of the
and results of the review to the shareholders Bank’s Internal Control System is running well. The Board of
through the Corporation’s annual report. Directors and Board of Commissioners stated that the Bank has
an effective and adequate internal control system in managing the
risks faced by the Bank within the risk appetite in supporting the
achievement of the Bank’s objectives.
5.2. Risk 5.2.1. Strategy and risk are integrated, disclosed Applied
Management transparently, incorporated into the
implementation of duties and responsibilities 5.2.1 The Board of Commissioners and Board of Directors continue
of the Board of Directors and Board of to manage credit risk well and improve infrastructure to
Commissioners, as well as in discussions at encourage the growth of business banking customers.
Board of Commissioners and Board of Directors Balancing risk, compliance culture and capital adequacy is also
meetings. a strategic pillar policy of the Bank.
5.2.2 The Risk Management Oversight Committee 5.2.2 The Board of Commissioners has a Risk Monitoring Committee
assists the Board of Commissioners by creating that ensures that the implementation of the Bank’s risk
a transparent, focused and independent management continues to fulfill the elements of adequate
mechanism for overseeing corporate risk risk management procedures and methodologies, so that the
management. Bank’s business activities can be controlled at an acceptable
and profitable limit.
5.3. Integration of 5.3.1 The Board of Directors establishes an integrated Applied
Governance, system of governance, risk management,
Risk and compliance (GRC), by handling various 5.3.1 The Board of Directors ensures coordination and
Management uncertainties in an integrated manner and with capability enhancement among key GRC systems, which
and high integrity, to ensure that the corporation include governance, strategic management, performance
Compliance can achieve its objectives. management, risk management, compliance management,
5.3.2 The Board of Directors ensures that the section and internal audit systems to keep the corporation on track in
in charge of the compliance function does not achieving its objectives.
concurrently carry out functions that have the 5.3.2 As per OJK Regulation No. 46/POJK.03/2017 concerning the
potential to cause conflicts of interest. Implementation of Compliance Functions in Commercial
Banks, the Bank's Board of Directors has designated a Director
to supervise the compliance function and established a
compliance unit. The Director overseeing compliance does not
oversee business and operational functions, risk management
decision-making in the Bank's business activities, treasury
operations, finance and accounting, logistics and procurement
of goods or services, information technology, and/or internal
audit. This ensures the avoidance of conflicts of interest in
performing their duties. Moreover, the Director overseeing
compliance fulfills their role and duty to promote a Culture of
Compliance, thereby supporting sound Governance practices.
5.4. Internal Audit 5.4.1 The Board of Commissioners through the Audit Complied
Committee monitors and ensures that the
internal audit function assists the Corporation The Board of Commissioners has an Audit Committee tasked with
to achieve its objectives by bringing an reviewing and clarifying financial information, selecting, appointing
objective and disciplined approach to evaluating and supervising the work of independent auditors, evaluating the
and improving the effectiveness of risk effectiveness of the implementation of the internal audit function,
management, internal control, and corporate and internal control.
governance.
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Prinsip 6: 6.1 Disclosure 6.1.1 The corporation has disclosure and Applied
Disclosure and Policy transparency policies and procedures that
Transparency ensure disclosure of material information and 6.1.1 The Bank has internal provisions/guidelines in disclosing
safeguard sensitive information and corporate material information and safeguarding sensitive and
secrets. confidential information.
6.1.2 The right of shareholders to obtain on a regular 6.1.2 The Bank has and discloses a written policy in implementing
and timely basis relevant material information continuous disclosure obligations based on applicable
about the corporation must be fulfilled. regulations.
6.2 Financial 6.2.1 The Corporation discloses systems and Applied
Statements and procedures to ensure that interim financial
Sustainability statements that are not materially audited or 6.2.1 The Bank has systems and procedures governing internal
reviewed by external auditors are accurate, control over financial reporting, including interim financial
complete, and provide investors with statements, the role of risk management/compliance/
appropriate information to make informed management oversight and internal audit functions in ensuring
investment decisions. the integrity of interim financial statements, and the role of
6.2.2 The Audit Committee ensures the quality of the Audit Committee in reviewing interim financial statements
financial statement audits conducted by the to be published.
external auditor. This includes recommending 6.2.2 The Bank’s Audit Committee ensures the quality of financial
the appointment, re-appointment and, if statement audits conducted by external auditors. This
necessary, dismissal and remuneration of the includes recommending the appointment, re-appointment
external auditor. and, if necessary, dismissal and remuneration of the external
6.2.3 Sustainability reports shall be prepared and auditors.
disclosed accurately and prepared in accordance 6.2.3 Maybank Indonesia's sustainability report is prepared and
with national or international sustainability disclosed accurately and compiled in accordance with the
reporting frameworks. sustainability reporting framework as stipulated in OJK
6.2.4 The corporation publishes an integrated Regulation No. 51/POJK.03/2017 regarding the Implementation
annual report that puts historical performance of Sustainable Finance for Financial Institutions, Issuers,
into context and describes the corporation’s and Public Companies, as well as other relevant national or
risks, opportunities and future prospects, international provisions.
thereby helping shareholders and stakeholders 6.2.4 The Bank’s Annual Report has put the historical performance
understand the corporation’s strategic in context and described the risks, opportunities and future
objectives and its progress in creating prospects of the corporation.
sustainable value.
6.3 Information 6.3.1 Information dissemination channels should Applied
Dissemination provide equal, timely and relatively inexpensive
access to information relevant to users. The Bank regularly holds meetings with financial analysts,
interactions and discussions with investors and analysts in the
form of teleconferences and in-house meetings, organising Annual
Reviews with national and international rating agencies, and
organising Annual Public Expose.
Prinsip 7: 7.1 Shareholder 7.1.1 The corporation has a communication policy Applied
Protection of Rights that facilitates and encourages shareholder or
Shareholder Rights investor participation. 7.1.1 The rights, authorities and responsibilities of shareholders are
7.1.2 Corporations that are parent entities ensure regulated in detail in the Bank’s Articles of Association which can
that their corporate governance policies apply be accessed through the Bank’s website (www.maybank.co.id).
to subsidiaries and entities under common 7.1.2 The Bank is the Principal Entity within the Maybank Indonesia
control in which the corporation has a Financial Conglomeration. As stipulated in OJK Regulation No.
significant investment. 18/POJK.03/2014 regarding the Implementation of Integrated
7.1.3 The corporation has rules and procedures Governance in Financial Conglomeration, the Bank ensures
governing acquisitions, takeovers and that governance policies issued by the Principal Entity can be
extraordinary transactions such as mergers and applied effectively by all financial Conglomeration member
sales of substantial corporate assets to ensure entities, including subsidiaries.
transactions occur transparently and at arm’s 7.1.3 The Bank has rules and procedures as regulated in its Articles
length and protect the rights of all shareholders of Association, which can be accessed through the Maybank
according to class. Indonesia website.
7.2 Fair Treatment 7.2.1 The corporation has rules and procedures that Applied
of Shareholders ensure a). all shareholders of the same series
in a class of shares shall be treated equally, 7.2.1 In accordance with the Articles of Association, the Bank’s
b). disclosure of such rules and procedures as shares consist of Class A Shares, Class B Shares and Class D
well as disclosure of the capital structure and Shares, unless otherwise specified. The term “Shareholders”
arrangements that allow certain shareholders to means Class A Shareholders, Class B Shareholders, and Class D
obtain influence or control disproportionate to Shareholders, unless otherwise specified.
their shareholding. 7.2.2 The Bank has policies and procedures governing related-party
7.2.2 The corporation has rules and procedures that transactions or affiliated parties, ensuring that these transactions
ensure related party transactions are approved comply with applicable regulations, are managed properly, and
and executed in a manner that ensures conflicts safeguard the interests of the Bank and the shareholders. The
of interest are appropriately managed, and issuance of such policies and procedures refers to OJK Regulation
protects the interests of the corporation and its No. 42/POJK.04/2020 regarding Affiliate Transactions and
shareholders. Conflict of Interest Transactions, as well as other related
7.2.3 The Corporation has and discloses policies regulations.
to prevent insider trading. The corporation 7.2.3 Disclosure to prevent insider trading, one of which is
has clear rules regarding any trading in contained in the Code of Ethics and Code of Conduct which
the corporation’s shares by Directors, emphasises the prohibition of the use of Insider Information
Commissioners and insiders to ensure that (Insider Trading) in personal securities transactions by
no one may benefit directly or indirectly from employees and management (in this case members of the
information that is not/not yet available in the Board of Commissioners and Directors) of the Bank.
market.
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7.3 General 7.3.1 The corporation makes a call for the GMS Applied
Meeting of with the agenda and materials for the GMS
Shareholders as complete and early as possible (at least 28 7.3.1 The Bank announces the invitation to the General Meeting
days before the GMS) to provide sufficient of Shareholders (RUPS), with its agenda and materials, 21
time and materials for shareholders to properly (twenty-one) days prior to the meeting, excluding the RUPS
study the meeting agenda. The meeting date.
invitation and all GMS information are disclosed 7.3.2 Decision making in the AGMS is carried out by deliberation
through electronic means such as through the for consensus. If deliberation for consensus is not reached,
corporation’s website. then the decision making in the AGMS is carried out by voting.
7.3.2 The corporation has and discloses rules and Voting is carried out on each AGMS Agenda.
procedures that facilitate shareholders in 7.3.3 Shareholders have the authority, among others: (i) appoint
participating and voting effectively at the AGM. and dismiss members of the Board of Commissioners and the
7.3.3 Shareholders participate effectively in Board of Directors, (ii) evaluate the performance of the Board
determining the appointment of members of Commissioners and the Board of Directors, (iii) temporarily
of the Board of Directors and Board of dismiss members of the Board of Directors, (iv) approve
Commissioners. amendments to the Bank’s Articles of Association, (v) approve
7.3.4 The corporation ensures transparency and the annual report, (vi) approve the remuneration of the
accountability of the external auditor at the Board of Commissioners and the Board of Directors, and (vii)
GMS. approve the proposed allocation of the use of the Bank’s profit
7.3.5 Submission of voting results and a complete including dividend distribution.
summary of the GMS minutes are announced to 7.3.4 The process of appointing an external auditor at the RUPS is
the public on the next business day. conducted transparently and accountably. The profile of the
external auditor to be appointed is displayed on the websites
of the Bank, the stock exchange, and the KSEI (Indonesian
Central Securities Depository) at the time of the invitation.
7.3.5 The complete voting results and summary of the RUPS minutes
of the Bank are announced to the public no later than the next
business day.
Principle 8: 8.1 Key 8.1.1 The Corporation through the Corporate Applied
Respect for stakeholder Secretary conducts regular, transparent and
Stakeholders engagement effective communication with key stakeholders Through the corporate secretary, the Bank conducts regular,
and engages them to understand their transparent, and effective communication with key stakeholders,
expectations and grievances and the impact of involving them to understand their expectations, complaints, and
the Corporation on them. corporate impacts on them.
8.2 Integration of 8.2.1 The BOC together with the BOD are Applied
Sustainability responsible, accountable and transparent for
in the Business sustainability governance, including setting The Board of Commissioners, together with the Board of Directors,
Model corporate sustainability strategies, priorities ensures that the corporate sustainability strategy, priorities,
and targets. The BOD and BOC incorporate and targets, as well as performance against these targets, are
sustainability considerations when carrying communicated to stakeholders by prioritising transparent
out their roles, including among others in the sustainability governance, including setting corporate sustainability
development and implementation of corporate strategies, priorities, and targets.
strategies, business plans, key action plans and
risk management.
8.3 Protection of 8.3.1 The Board of Directors ensures and discloses Applied
Stakeholders that the corporation’s operations reflect
the application of high ethical, social and 8.3.1 The Bank has a Maybank Indonesia Code of Ethics and
environmental responsibility standards Personnel Behavior that regulates the attitudes, actions and
throughout the corporation and ensures that responsibilities of employees and people working for and on
appropriate policies and procedures are in behalf of the Bank to work professionally and ethically.
place to respect and comply with the rights of 8.3.2 The Board of Directors encourages employees to work for
stakeholders. the long-term interests of the corporation and prioritise
8.3.2 Directors encourage the employees to work in sustainability, conveyed by the Board of Directors through
the long-term interests of the corporation and regular town hall meetings.
promote sustainability.
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Governance Responsibility
Implementation of Corporate Governance
Aspects and Principles in Accordance with
the Guidelines of Corporate Governance
Principles for Banks Issued by the Basel
Committee in Banking Supervision
On an ongoing basis, Maybank Indonesia implements aspects and principles of Corporate Governance in accordance with the Guidelines
of Corporate Governance Principles for Banks issued by the Basel Committee in Banking Supervision. Some of the best practices from
the guidelines that can be used as a reference in the implementation of Corporate Governance and its application within the Bank are as
follows:
Principle Explanation Implementation at Maybank Indonesia
Principle 1 The Board of Commissioners has The duties and responsibilities of the Bank's Board of Commissioners are
Responsibility responsibilities including: approval carried out independently and ensure the implementation of Good Corporate
of the Board of and supervision of the implementation Governance in the Company's business activities at all levels of the organisation.
Commissioners. of business strategies, structures and In terms of carrying out the supervisory function, the Board of Commissioners is
mechanisms of governance and corporate required to direct, monitor, and evaluate the implementation of the Company's
culture. strategies and policies.
Principle 2 Members of the Board of Commissioners The qualifications and composition of the Board of Commissioners of Maybank
Qualification and are required to have qualities in Indonesia have met the requirements and other provisions as stipulated in the
Composition Board accordance with their duties and applicable laws and regulations in the territory of the Republic of Indonesia.
Commissioners. responsibilities, both individually and
collegially. The Board of Commissioners The composition of the Board of Commissioners of Maybank Indonesia
must understand its role in the has met the provisions, namely, more than 50% (fifty percent) of the
supervision and implementation of total members of the Board of Commissioners of Maybank Indonesia are
corporate governance and be able to carry Independent Commissioners. The Company's Independent Commissioners
out decision-making in a healthy and have signed a Statement Letter stating that they have fulfilled all the criteria
objective manner. and independence of their positions according to the criteria stipulated in the
applicable laws and regulations, and the statement letter has been submitted to
the OJK.
Based on the composition of the Board of Commissioners, criteria, and
independence criteria that have been met, the Board of Commissioners of
Maybank Indonesia is able to carry out decision-making in a healthy and
objective manner.
Principle 3 The Board of Commissioners is required The Board of Commissioners of Maybank Indonesia has an appropriate
Structure and to establish appropriate governance governance structure and practices in carrying out its duties, including
Mechanism Board of structures and practices in carrying out those stipulated in the Articles of Association and Guidelines for the
Commissioners. its duties and periodically review its Board of Commissioners. The Board of Commissioners conducts a review
effectiveness. of its effectiveness periodically, namely once a year, through the Board of
Commissioners Effectiveness Evaluation assessment framework.
Principle 4 Under the direction and supervision of The Board of Directors manages the Company under the direction, monitoring,
Board of Directors. the Board of Commissioners, the Board and supervision of the Board of Commissioners, as can be seen from the
of Directors is able to manage the Bank's increasing business achievements from the previous year.
activities in accordance with business
strategy, risk appetite, remuneration As stipulated in the provisions of the Implementation of Governance for
policies, and other policies that have been Commercial Banks, in carrying out supervision, the Board of Commissioners
approved by the Board of Commissioners is prohibited from participating in decision-making on the Bank's operational
activities, except:
a. provision of funds to related parties in accordance with the OJK Regulation
concerning the legal lending limit for providing credit and the provision
of large funds for commercial banks and the Financial Services Authority
Regulation concerning the maximum limit for distributing funds and
distributing large funds for Sharia commercial banks; and
b. other matters stipulated in the Bank's articles of association or provisions of
laws and regulations.
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Principle Explanation Implementation at Maybank Indonesia
Principle 5 In a business group, the Board of Maybank Indonesia is the Main Entity of the Maybank Indonesia Financial
Governance Structure Commissioners of the parent company Conglomeration. The Maybank Indonesia financial Conglomeration implements
of Business Group. has overall responsibility for the business Integrated Governance, Integrated Risk Management, and Integrated Minimum
group and ensures the establishment Capital Implementation Obligations that apply to member entities of the
and implementation of clean governance Financial Conglomeration.
practices related to the structure,
business, and risks of the business group Maybank Indonesia has a committee at the Board of Commissioners level,
and entities. The Board of Commissioners namely the Integrated Good Corporate Governance, and a committee
and Board of Directors must understand at the Board of Directors level, namely the Integrated Risk Management
the organisational structure of the Committee, each of which consists of representatives from all member entities
business group and the risks faced. of the financial Conglomeration. With these two committees, the Board of
Commissioners and Board of Directors understand the organisational structure
of the business group and the risks faced.
Principle 6 The Bank is required to have a quality, Maybank Indonesia has an independent risk management function under
Risk Management independent risk management function, the direction of the Director of Risk Management. Maybank Indonesia
Function have quality resources, and have access to implements the Risk Identification, Measurement, Monitoring, Risk Control,
the Board of Commissioners. and Risk Management Information System Process through the Enterprise Risk
Management (ERM) framework.
Maybank Indonesia continuously improves the capabilities and knowledge
of all employees, especially in terms of risk awareness and management, by
conducting regular training both internally and externally. The risk management
function has access to the Board of Commissioners through the Risk Monitoring
Committee.
Principle 7 Risks must be identified, monitored, In risk management, Maybank Indonesia has conducted risk identification,
Identification, and controlled for all Bank activities. measurement, and assessment by compiling a risk profile periodically. Risk
Monitoring and Risk The quality of the risk management measurement and assessment can run well according to the Risk Management
Control. infrastructure and internal control must Policy that has been set and adjusted to the level of risk faced by Maybank
be able to follow changes in the Bank's Indonesia.
risk profile, external risk conditions, and
industry practices.
Principle 8 Effective implementation of risk Maybank Indonesia conducts Risk Based Bank Rating (RBBR) Assessment every
Risk Communication. governance requires accurate risk semester, and the results are submitted to the Risk Management Committee
communication within the Bank's consisting of the Board of Directors of Maybank Indonesia. Furthermore, the
environment, both between organisations RBBR assessment is submitted to the Board of Commissioners through the Risk
and through reporting to the Board of Monitoring Committee for approval.
Commissioners and Board of Directors.
Principle 9 The Board of Commissioners is responsible Maybank Indonesia has a Compliance Work Unit that is independent of the
Compliance. for overseeing the management related operational work unit and free from the influence of other work units, and
to the Bank's compliance risks. The reports directly to the Director in charge of the Compliance Function.
Board of Commissioners must establish a
compliance function and approve policies The Board of Commissioners of Maybank Indonesia actively supervises
and processes for identifying, assessing, the Compliance Function by evaluating the implementation of the Bank's
monitoring, reporting, and providing Compliance Function at least twice a year and providing suggestions to improve
advice related to compliance risks. the quality of the implementation of the Bank's Compliance Function.
Based on the results of the evaluation of the implementation of the Compliance
Function, the Board of Commissioners submits suggestions/advice to improve
the quality of the implementation of the Compliance Function to the President
Director with a copy to the director in charge of the Compliance Function.
The Board of Commissioners approves the policies and processes for
identifying assessments, monitoring, and reporting and provides the necessary
recommendations related to the Bank's compliance risks through the Board of
Commissioners Meeting.
Principle 10 The internal audit function must report As mandated in the regulation governing the implementation of internal audits,
Internal Audit. independent assurance activities to the Maybank Indonesia has an Internal Audit Work Unit (“SKAI”) that is directly
Board of Commissioners and must support responsible to the President Director and communicates with the Board of
the Board of Commissioners and the Commissioners through the Audit Committee. SKAI periodically submits reports
Board of Directors in encouraging the to the President Director or the Board of Commissioners. In the event that the
implementation of effective governance Report is submitted to the President Director, a copy of it is submitted to the
processes and the long-term health of Board of Commissioners, the Audit Committee, and the Director in charge of the
the Bank. External audit is periodically compliance function.
requested to provide an opinion on the
quality of internal audit.
Principle 11 The Bank's remuneration structure must Maybank Indonesia has a Nomination and Remuneration Committee whose
Compensation. support the implementation of corporate formation and implementation are in accordance with applicable laws and
governance and risk management. regulations, thus supporting the implementation of overall governance and risk
management.
Principle 12 The implementation of governance by the Maybank Indonesia always prioritises disclosure and transparency to
Disclosure and Bank must be carried out transparently to shareholders, depositors, other relevant stakeholders, and market participants in
Transparency. shareholders, depositors, other relevant accordance with applicable provisions and regulations.
stakeholders, and market participants.
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Governance Responsibility
Integrated Governance
Implementation Report
BACKGROUND
The implementation of Integrated Governance (“IGCG”) in the MAYBANK INDONESIA FINANCIAL
Financial Conglomeration refers to the following regulations: CONGLOMERATION
- Financial Services Authority (“OJK”) Regulation No. 18/ Based on OJK Regulation No.18/2014, a Financial Conglomeration
POJK.03/2014 on the Implementation of Integrated is required to implement IGCG comprehensively and effectively
Governance for Financial Conglomeration (“OJK Regulation and has a structure consisting of the Main Entity and Subsidiary
No.18/2014”); Companies and/or Related Companies and their subsidiaries.
- OJK Circular Letter No. 15/SEOJK.03/2015 on the The said Financial Conglomeration includes types of Financial
Implementation of Integrated Governance for Financial Services Institutions such as; banks, finance companies,
Conglomeration (“OJK Circular Resolution No.15/2015”); and securities companies, insurance and reinsurance companies.
- OJK Regulation No. 30 Year 2024 on Financial In the event that the structure of the Financial Conglomeration
Conglomeration and Holding Company (“OJK Regulation is a group due to ownership and control linkages, the controlling
No.30/2024”). shareholder of the Financial Conglomeration must appoint a
Main Entity. Malayan Banking Berhad (“MBB”) as the controlling
Based on OJK Regulation No.18/2014, each Financial shareholder of Maybank Group in Indonesia has appointed
Conglomeration is required to have IGCG Guidelines with the Bank as the Main Entity through its letter dated 27 March
reference to conservative regulations to serve as a guide 2015. This appointment is based on the criteria of the largest
for Financial Services Institutions (“FSIs”) in the Financial amount of assets and/or having good quality risk management
Conglomeration to implement Governance. implementation.
The Bank has implemented IGCG in order to improve the quality Maybank Indonesia Financial Conglomeration consists of
of IGCG implementation, in order to encourage Maybank Maybank Indonesia as the Main Entity (EU), and other FSIs as
Indonesia Financial Conglomeration to have more prudent subsidiaries and/or related companies, namely:
Governance in accordance with the principles of transparency, • PT Maybank Indonesia Finance (“MIF”) - financing company;
accountability, responsibility, independency or professionalism, • PT Wahana Ottomitra Multiartha, Tbk - (“WOM”) - finance
and fairness, and to encourage financial system stability that company;
grows sustainably, so as to increase national competitiveness. • PT Maybank Asset Management (“MAM”) - investment and
advisory manager;
• PT Maybank Sekuritas Indonesia (formerly PT Maybank Kim
Eng Securities) (“MSID”) - securities broker; and
• PT Asuransi Etiqa Internasional Indonesia (formerly PT
Asuransi Asoka Mas) (“AEII”) - insurance company).
Maybank Indonesia, as the Main Entity, has established
an Integrated Good Corporate Governance consisting of
representatives from all Financial Services Institutions (FSIs)
that are members of the Financial Conglomeration. In 2024, the
membership composition of the Integrated Good Corporate
Governance in MIFC has undergone changes, with the latest
composition determined through the Board of Directors’ decision
letter No.SK.2024.015/PRESDIR dated 11 November 2024.
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MAYBANK INDONESIA FINANCIAL CONGLOMERATION STRUCTURE
Amanah Raya Trustees Citigroup Nominees (Tempatan)
Permodalan Nasional Other Institution &
Berhad (B/O: Amanah Sdn Bhd (B/O: Employees
Berhad Retail Investor
Saham Bumiputera) Provident Fund Board)
30,51% 13,08% 6,52% 49,89%
Malayan Banking Berhad
45,02% Sorak Financial Holdings Pte Ltd
33,96% Maybank Offshore Corporate Maybank Asset Management
Service (Labuan) Sdn Bhd Group Berhad
100% 100%
8,73% 100%
Vital Solution Fund
Maybank Asset Management
Sdn Berhad
12,29% 99%
Public
Asset Management
PT Maybank Asset Management
100% Maybank IB Holdings Sdn Bhd
PT Bank Maybank Indonesia Tbk
100% 100%
Etiqa International Holdings
Maybank Kim Eng Holdings Ltd
Sdn Bhd
99,99% 67,49%
PT Maybank PT Wahana
79,87% 85%
Indonesia Ottomitra
Finance Multiartha Tbk PT Asuransi Etiqa Internasional PT Maybank Sekuritas
Indonesia Indonesia*
*) d/h PT Maybank Kim Eng Sekuritas Indonesia
INTEGRATED GOOD CORPORATE GOVERNANCE GUIDELINES
As stipulated in OJK Regulation No.18/2014, the Governance framework for Financial Conglomeration is a minimum guideline that must
be complied with by the Financial Conglomeration so as to achieve a common level of governance implementation across all FSIs in the
Financial Conglomeration. The preparation of the IGCG framework refers to OJK Regulation No.18/2014 and the governance provisions
applicable to each FSI in the Financial Conglomeration. In order to implement Corporate Governance in an integrated manner with all
FSIs within the Financial Conglomeration.
In order to implement IGCG by the FSIs of Maybank Indonesia Financial Conglomeration Members, the Bank has done the following:
1. Establish an IGCG Committee;
2. Issuing IGCG Guidelines;
3. Issuing the IGCG Committee Charter;
4. Having integrated work units, namely:
a. Integrated Compliance Working Unit (“SKKT”);
b. Integrated Internal Audit Work Unit (“SKAIT”);
c. Integrated Risk Management Work Unit (“SKMRT”);
5. Issuing policies related to the implementation of integrated risk management and integrated capital;
6. Issuing the Corporate Charter;
7. Holding IGCG Committee Meetings more than required by OJK Regulation No. 18/POJK.03/2014;
8. Delivered the IGCG Guidelines to all FSIs that are members of Maybank Indonesia Financial Conglomeration;
9. Submitting the Integrated Governance Implementation Assessment Report every semester;
10. Submitting the Annual Report on the Implementation of Integrated Governance;
11. and other related activities.
The IGCG Guidelines are prepared by the Bank’s Board of Directors and based on the recommendations of the IGCG Committee
and approved by the Board of Commissioners. The IGCG Guidelines include at least 2 (two) major parts of the Guidelines with their
respective applications, which include:
1. IGCG Framework for the Main Entity; and
2. IGCG Framework for Financial Services Institution (FSI) members of Maybank Indonesia Financial Conglomeration.
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Main Entity ICGC Guidance Framework Framework of the Guidance for the ICGC of Member
1. Requirements of the Main Entity’s Board of Directors and the Main 1. Requirements for candidates for members of the Board of Directors
Entity’s Board of Commissioners; and candidates for members of the Board of Commissioners;
2. Duties and responsibilities of the Main Entity Board of Directors and 2. Requirements for prospective members of the Sharia Supervisory
the Main Entity Board of Commissioners; Board;
3. Duties and responsibilities of the Integrated Good Corporate 3. Structure of the Board of Directors and Board of Commissioners;
Governance; 4. Structure of the Sharia Supervisory Board;
4. Duties and responsibilities of the Integrated Compliance Working Unit;
5. Independence of the actions of the Board of Commissioners;
5. Duties and responsibilities of the Integrated Internal Audit Work Unit;
6. Implementation of the management function of the Financial Services
and
6. Implementation of integrated risk management. Institution by the Board of Directors;
7. Integrated Governance Guidelines 7. Implementation of the supervisory function by the Board of
Commissioners;
8. Implementation of the supervisory function by the Sharia Supervisory
Board;
9. Implementation of compliance function, internal audit function, and
external audit implementation;
10. Implementation of the risk management function;
11. Remuneration policy; and
12. Management of conflict of interest
- Objectivity in conducting assessments or audits;
ASSESSMENT OF INTEGRATED - The level of compliance with applicable regulations
GOVERNANCE IMPLEMENTATION FOR and the resolution of problems faced by FSIs such as
FINANCIAL CONGLOMERATION fraud, violations of provisions related to FSI reports
Maybank indonesia is required to prepare an assessment to the financial services authority; in accordance with
report on the implementation of IGCG every semester and an their respective financial services sectors.
annual report on the implementation of IGCG which is then b. The results of the assessment of the implementation
submitted to the financial services authority in accordance with of integrated governance are categorised into 5 (five)
the provisions of OJK Regulation No. 18/2014 and OJK Circular assessment ratings, namely:
Resolution No. 15/2015, as the main entity. - 1st rank;
- 2nd rank;
Throughout 2024, the bank as the main entity has conducted an - 3rd rank;
IGCG implementation assessment for semester I and semester - 4th rank; and
II reporting positions. The IGCG implementation assessment for - 5th rank.
financial Conglomeration is an assessment of 3 (three) aspects of
integrated governance, namely the structure, process, and results ASSESSMENT FACTORS FOR THE
of integrated governance. IMPLEMENTATION OF IGCG FOR
FINANCIAL CONGLOMERATION
1. Structure Assessment of the implementation of integrated governance
Aims to assess the adequacy of the IGCG structure so that includes at least 7 (seven) assessment factors of the
the process of implementing integrated governance provides implementation of integrated governance, namely:
results in accordance with the expectations of stakeholders. 1. Implementation of duties and responsibilities of the board of
2. Process directors of the main entity;
Aimed at assessing the effectiveness of the IGCG 2. Implementation of duties and responsibilities of the board of
implementation process supported by the adequacy of the commissioners of the main entity;
integrated governance structure so as to provide results in 3. Duties and responsibilities of the Integrated Good Corporate
accordance with stakeholder expectations. Governance;
3. Governance outcome 4. Duties and responsibilities of the integrated compliance
a. Aims to assess the quality of results that meet working unit;
stakeholders’ expectations, including qualitative and 5. Duties and responsibilities of the integrated internal audit
quantitative aspects, among others: work unit;
- Financial Conglomeration performance such as 6. Implementation of integrated risk management;
efficiency and capitalisation; 7. Formulation and implementation of integrated governance
- Adequacy of transparency of the annual report on guidelines.
the implementation of IGCG;
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Comparison of IGCG implementation report ratings for June and December 2024.
No. Indicator June 2024 December 2024
1. Board of Directors of the Main Entity 2 2
2. Board of Commissioners of the Main Entity 2 2
3. Governance Committee 2 1
4 Integrated Compliance Unit 2 2
5. Integrated Audit Unit 1 1
6. Implementation of Integrated Risk Management 1 1
7. Integrated Governance Guidelines Integrated 1 1
Rating “2” “2”
*) Rating adjustment is done by conservative calculation
The Annual Report on the Implementation of Integrated
RESULT OF SELF-ASSESSMENT OF Corporate Governance of Maybank Indonesia Financial
MAYBANK INDONESIA FINANCIAL Conglomeration consists of:
CONGLOMERATION IGCG 1. Self-Assessment Report on the Implementation of Integrated
IMPLEMENTATION Governance during the fiscal year;
The results of the self-assessment of the implementation of IGCG 2. Financial Conglomeration Structure;
of Maybank Indonesia Financial Conglomeration for 1st Semester 3. Shareholding structure of the Financial Conglomeration that
and 2nd Semester year 2024 are each and consecutively given describes the parties that are shareholders of the Financial
“Rating 2” (“Good”). If there are weaknesses in the application Services Institutions (FSIs) in the Financial Conglomeration
of IGCG principles, then in general these weaknesses are not up to the ultimate shareholders;
significant and can be resolved with normal actions by the Bank’s 4. The management structure of the Bank as the Main Entity
management. and the Financial Services Institutions (Subsidiaries) within
the Financial Conglomeration;
ANNUAL REPORT ON THE 5. Intra-group transaction policy;
IMPLEMENTATION OF INTEGRATED 6. IGCG Committee;
GOOD CORPORATE GOVERNANCE 7. Maybank Indonesia Governance Implementation Report,
The Bank as the Main Entity in the Maybank Indonesia Financial which consists of:
Conglomeration, has submitted the Annual Report on the a. Transparency of Governance Implementation as
Implementation of Integrated Governance in 2023. The Annual referred to in point IX of Circular Letter of Financial
Report was prepared with reference to: Services Authority No. 13/SEOJK.03/2017 concerning
1. Financial Services Authority Regulation No. 18/POJK.03/2014 Implementation of Governance for Commercial Banks;
dated 19 November 2014 regarding the Implementation of and
Integrated Governance for Financial Conglomeration; b. Governance Implementation Self-Assessment Report
2. Circular Letter of the Financial Services Authority as referred to in Appendix IV to the Circular Letter of
No. 15/SEJK.03/2015 dated 25 May 2015 regarding the the Financial Services Authority No. 13/SEOJK.03/2017
Implementation of Integrated Governance for Financial on the Implementation of Governance for Commercial
Conglomeration; Banks.
3. Financial Services Authority Regulation No. 17 year 2023
regarding the Implementation of Governance for Commercial
Banks;
4. Circular Letter of the Financial Services Authority No. 13/
SEJK.03/2017 dated 17 March 2017 on the Implementation of
Governance for Commercial Banks.
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OJK REGULATION NUMBER 30 YEAR This OJK Regulation regulates the criteria for Financial
2024 CONCERNING FINANCIAL Conglomeration that are required to form a Financial
CONGLOMERATION AND FINANCIAL Conglomeration Holding Company (PIKK), requirements for
CONGLOMERATION PARENT COMPANY establishing a PIKK, ownership and capitalisation of PIKK, PIKK
With the enactment of Law Number 4 of 2023 concerning business activities, PIKK duties and responsibilities, PIKK's
the Development and Strengthening of the Financial Sector, obligation to prepare a corporate plan and have a corporate
it is necessary to align and update the provisions related to charter, criteria for ownership and control in a Financial
the Financial Conglomeration that are currently in effect. Conglomeration and its amendments, PIKK management, fit and
OJK Regulation Number 30 of 2024 concerning Financial proper assessment and re-assessment for the main PIKK parties,
Conglomeration and Financial Conglomeration Holding prohibition on cross-ownership in a Financial Conglomeration,
Companies ("OJK Regulation No. 30 of 2024") aims to increase OJK's authority regarding a Financial Conglomeration,
the efficiency and effectiveness of regulation and supervision of termination of PIKK, and PIKK reporting obligations.
financial services institutions that have ownership and/or control
relationships by the same party in various financial services Maybank Indonesia meets the criteria as a financial
sectors in order to facilitate PSP and/or PSPT in monitoring the conglomeration as in accordance with Article 2 paragraph (1) of
development of the financial services business they own, so that OJK Regulation No. 30 of 2024, therefore Maybank Indonesia
the implementation of risk management, governance, capital will submit an application for the establishment of a Financial
and other aspects in an integrated manner in the Financial Conglomeration Holding Company to OJK, 6 (six) months from
Conglomeration becomes more coordinated. the issuance of OJK Regulation No. 30 of 2024.
This OJK Regulation also emphasises OJK's authority to carry
out integrated regulation and supervision and the Financial
Conglomeration aims to ensure that all activities in the financial
services sector are carried out regularly, fairly, transparently,
and accountably, are able to realise a financial system that grows
sustainably and stably, and is able to protect the interests of
consumers and the community.
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Implementation of the ASEAN
Corporate Governance Scorecard
LEVEL 1
A. Rights and Equitable Treatment of Shareholders
No. Principles and Recommendations Page
A.1 Basic Shareholder Rights
A.1.1 Does the company pay (interim and final/annual) dividends in an equitable and timely manner; that is, all 205, 423, 427
shareholders are treated equally and paid within 30 days after being (i) declared for interim dividends and (ii)
approved by shareholders at general meetings for final dividends? In case the company has offered Scrip dividend,
did the company paid the dividend within 60 days.
A.2 Right to participate effectively in and vote in general shareholder meetings and should be informed of the
rules, including voting procedures, that govern general shareholder
meetings.
A.2.1 Do shareholders have the opportunity, evidenced by an agenda item, to approve remuneration (fees, allowances, 428
benefit-in-kind and other emoluments) or any increases in remuneration for the non-executive directors/
commissioners?
A.2.2 Does the company provide non-controlling shareholders a right to nominate candidates for board of directors/ 426-431, 434-440
commissioners?
A.2.3 Does the company allow shareholders to elect directors/commissioners individually? 423, 426-431, 434-440
A.2.4 Does the company disclose the voting procedures used before the start of meeting? 425, 426-431, 434-440
A.2.5 Do the minutes of the most recent AGM record that the shareholders were given the opportunity to ask 426-431, 434-440
questions and the questions raised by shareholders and answers given recorded?
A.2.6 Does the company disclose the voting results including approving, dissenting, and abstaining votes for all 426-431, 434-440
resolutions/each agenda item for the most recent AGM?
A.2.7 Does the company disclose the list of board members who attended the most recent AGM? 425, 433
A.2.8 Does the company disclose that all board members and the CEO (if he is not a board member) attended the most 425, 433
recent AGM?
A.2.9 Does the company allow voting in absentia? 425, 433 and in the GMS
Rules of Procedure
A.2.10 Did the company vote by poll (as opposed to by show of hands) for all resolutions at the most recent AGM? 423-426, 432-434
and in the GMS Rules of
Procedure
A.2.11 Does the company disclose that it has appointed an independent party (scrutineers/inspectors) to count and/or 425, 433
validate the votes at the AGM?
A.2.12 Does the company make publicly available by the next working day the result of the votes taken during the most 424, 432
recent AGM/EGM for all resolutions?
A.2.13 Does the company provide at least 21 days notice for all AGMs and EGMs? 424, 432
A.2.14 Does the company provide the rationale and explanation for each agenda item which require shareholders’ GMS Announcement on
approval in the notice of AGM/circulars and/or the accompanying statement? the Bank's Website
A.2.15 Does the company give the opportunity for shareholders to place item/s on the agenda of general meetings and/ GMS Announcement
or to request for general meetings subject to a certain percentage? and Bank Articles of
Association Point 18.5
on the Bank's Website
A.3 Markets for corporate control should be allowed to function in an efficient and transparent manner.
A.3.1 In cases of mergers, acquisitions and/or takeovers requiring shareholders’ approval, does the board of directors/ 185-186, 206-208
commissioners of the company appoint an independent party to evaluate the fairness of the transaction price?
A.4 The exercise of ownership rights by all shareholders, including institutional investors, should be facilitated.
A.4.1 Does the company disclose its practices to encourage shareholders to engage with the company beyond general 554-556
meetings?
A.5 Shares and voting rights
A.5.1 Where the company has more than one class of shares, does the company publicise the voting rights attached to 120, 423 dan and in
each class of shares (e.g. through the company website / reports/ the stock exchange/ the regulator’s website)? Articles of Association
Point 10.6 on Bank's
website
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No. Principles and Recommendations Page
A.6 Notice of AGM
A.6.1 Does each of the resolutions tabled at the most recent annual general meeting deal with only one item, i.e., there 426-431, 434-440 and
is no bundling of several items into the same resolution? Bank’s website
A.6.2 Are the company’s notice of the most recent AGM/ circulars fully translated into English and published on the 424, 423 Minutes
same date as the local-language version? Summary AGMS on
Bank's website
Does the notice of AGM/circulars have the following details:
A.6.3 Are the profiles of directors/commissioners ( at least age, academic qualification, date of first appointment, 91-109 and Bank’s
experience, and directorships in other listed companies) in seeking election/re-election included? website
A.6.4 Are the auditors seeking appointment/re-appointment clearly identified? 427 and Bank’s website
A.6.5 Were the proxy documents made easily available? Invitation to the GMS
on the Bank's Website
A.7 Insider trading and abusive self-dealing should be prohibited.
A.7.1 Are the directors / commissioners required to report their dealings in company shares within 3 business days? 122
A.8 Related party transactions by directors and key executives.
A.8.1 Does the company have a policy requiring a committee of independent directors/commissioners to review 206-208, 567
material RPTs to determine whether they are in the best interests of the company and shareholders?
A.8.2 Does the company have a policy requiring board members (directors/commissioners) to abstain from 206-208, 567
participating in the board discussion on a particular agenda when they are conflicted? Articles of Association
on the Bank's Website
A.8.3 Does the company have policies on loans to directors and commissioners either forbidding this practice or 470, 444
ensuring that they are being conducted at arm’s length basis and at market rates?
A.9 Protecting minority shareholders from abusive actions
A.9.1 Does the company disclose that RPTs are conducted in such a way to ensure that they are fair and at arms’ length? 206-208
A.9.2 In case of related party transactions requiring shareholders’ approval, is the decision made by disinterested 206-208
shareholders?
B. Sustainability and Resilience
No. Principles and Recommendations Page
B.1 Sustainability-related disclosure should be consistent, comparable and reliable, and include retrospective 219
and forward-looking material information that a reasonable investor would consider important in making an Sustainability Report
investment or voting decision
Material Sustainability-related information should be specified
B.1.1 Does the company identify/report ESG topics that are material to the organisation’s strategy? 82-83, 219-231
Sustainability Report
B.1.2 Does the company identify climate change as an issue? 551
Sustainability Report
B.1.3 Does the company adopt an internationally recognised reporting framework or standard for sustainability (i.e. Sustainability Report
GRI, Integrated Reporting, SASB, IFRS Sustainability Disclosure Standards)?
If a company publicly sets a sustainability-related goal or target, the disclosure framework should provide that reliable metrics are regularly disclosed in
an easily accessible form
B.1.4 Does the company disclose quantitative sustainability target? 219-231
Sustainability Report
B.1.5 Does the company disclose sustainability-related performance progress in relation to its previously set targets? 219-231
Sustainability Report
B.1.6 Does the company confirm that its Sustainability Report/ Reporting is reviewed and /or approved by the Board or Sustainability Report
Board Committee?
B.2 Corporate governance frameworks should allow for dialogue between a company, its shareholders and
stakeholders to exchange views on sustainability matters
B.2.1 Does the company engage internal stakeholders to exchange views and gather feedback on sustainability matters Sustainability Report
that are material to the business of the company?
B.2.2 Does the company engage external stakeholders to exchange views and gather feedback on sustainability matters Sustainability Report
that are material to the business of the company?
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No. Principles and Recommendations Page
B.3 The corporate governance framework should ensure that boards adequately consider material sustainability
risks and opportunities when fulfilling their key functions in reviewing, monitoring and guiding governance
practices, disclosure, strategy, risk management and internal control systems, including with respect to
climate-related physical and transition risks
Boards should assess whether the company’s capital structure is compatible with its strategic goals and its associated risk
appetite to ensure it is resilient to different scenarios
B.3.1 Does the company disclose that the board reviews on an annual basis that the company’s capital and debt 202-203
structure is compatible with its strategic goals and its associated risk appetite?
B.4 The corporate governance framework should recognise the rights of stakeholders established by law or
through mutual agreements and encourage active co- operation between corporations and stakeholders in
creating wealth, jobs, and the sustainability of financially sound enterprises.
Does the company disclose a policy and practices that address:
B.4.1 The existence and scope of the company’s efforts to address customers’ welfare? 202-203
B.4.2 Supplier/contractor selection procedures? 564
B.4.3 The company’s efforts to ensure that its value chain is environmentally friendly or is consistent with promoting 564
sustainable development? Sustainability Report
B.4.4 The company’s efforts to interact with the communities in which they operate? 219-231, 618-623
Sustainability Report
B.4.5 The company’s anti-corruption programmes and procedures? 565
B.4.6 How creditors’ rights are safeguarded? 565
B.4.7 Does the company have a separate report/section that discusses its efforts on environment/economy and social 618-623
issues? Sustainability Report
B.5 Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain
effective redress for violation of their rights.
B.5.1 Does the company provide contact details via the company’s website or Annual Report which 76, 534-535, 554
stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for
possible violation of their rights?
B.6 Mechanisms for employee participation should be allowed to be developed.
B.6.1 Does the company explicitly disclose the policies and practices on health, safety and welfare for its employees? 245, 247, 250
Sustainability Report
B.6.2 Does the company explicitly disclose the policies and practices on training and development programmes for its 241-245
employees?
B.6.3 Does the company have a reward/compensation policy that accounts for the performance of the company beyond 206
short-term financial measures?
B.7 Stakeholders including individual employee and their representative bodies, should be able to freely
communicate their concerns about illegal or unethical practices to
the board and their rights should not be compromised for doing this.
B.7.1 Does the company have a whistle blowing policy which includes procedures for complaints by employees 534-535
and other stakeholders concerning alleged illegal and unethical behaviour and provide contact details via the
company’s website or annual report
B.7.2 Does the company have a policy or procedures to protect an employee/person who reveals alleged illegal/ 534
unethical behaviour from retaliation?
C. Disclosure and Transparency
No. Principles and Recommendations Page
C.1 Transparent ownership structure
C.1.1 Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or more? 120-122
C.1.2 Does the company disclose the direct and indirect (deemed) shareholdings of major and/or substantial 120-122
shareholders?
C.1.3 Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)? 120-122
C.1.4 Does the company disclose the direct and indirect (deemed) shareholdings of senior management? 507
C.1.5 Does the company disclose details of the parent/ holding company, subsidiaries, associates, joint ventures and 123-127
special purpose enterprises/ vehicles (SPEs)/ (SPVs)?
C.2 Annual Report Quality
Does the company’s annual report disclose the following items:
C.2.1 Corporate objectives 86
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C.2.2 Financial performance indicators 184-196
C.2.3 Non-financial performance indicators 156-183, 197-231
C.2.4 Dividend policy 205
C.2.5 Biographical details (at least age, academic qualifications, date of first appointment, relevant experience, and any 91-109
other directorships of listed companies) of all directors/commissioners
Corporate Governance Confirmation Statement
C.2.6 Does the Annual Report contain a statement confirming the company’s full compliance with thecode of corporate 414
governance and where there is non- compliance, identify and explain reasons for each such issue?
C.3 Remuneration of Members of the Board and Key Executives
C.3.1 Is there disclosure of the fee structure for non- executive directors/commissioners? 504-507
C.3.2 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] details of 504-507
remuneration of each non-executive director/ commissioner?
C.3.3 Does the company disclose its remuneration (fees, allowances, benefit-in-kind and other emoluments) policy/ 504-507
practices (i.e. the use of short term and long term incentives and performance measures) for its executive
directors and CEO?
C.3.4 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] the details of 504-507
remuneration of each of the executive directors and CEO [if he/she is not a member of the Board]?
C.4 Related party transaction disclosure (RPT)
C.4.1 Does the company disclose its policy covering the review and approval of material RPTs? 206-208
and Audited Financial
Statements
C.4.2 Does the company disclose the name, relationship, nature and value for each material RPTs? 206-208
and Audited Financial
Statements
C.5 Directors and Commissioners who deal in the Company's shares
C.5.1 Does the company disclose trading in the company’s shares by insiders? 566
C.6 External Auditor and Auditor's Report
Where the same audit firm is engaged for both audit and non-audit services
C.6.1 Are the audit and non-audit fees disclosed? 135
C.6.2 Does the non-audit fee exceed the audit fees? 135
C.7 Communication Media
Does the company use the following modes of communication?
C.7.1 Quarterly reporting 554-556
C.7.2 Company website 76
C.7.3 Analyst’s briefing 554-556
C.7.4 Media briefings /press conferences 554-556
C.8 Timely filing/release of annual/financial reports
C.8.1 Are the audited annual financial report / statement released within 120 days from the financial year end? Audited Financial
Statements
C.8.2 Is the annual report released within 120 days from the financial year end? 72-73
C.8.3 Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of 184
directors/commissioners and/or the relevant officers of the company?
C.9 Company website
Does the company have a website disclosing up-to-date information on the following:
C.9.1 Financial statements/reports (latest quarterly) Website Bank
C.9.2 Materials provided in briefings to analysts and media Website Bank
C.9.3 Downloadable annual report Website Bank
C.9.4 Notice of AGM and/or EGM Website Bank
C.9.5 Minutes of AGM and/or EGM Website Bank
C.9.6 Company’s constitution (company’s by-laws, memorandum and articles of association) Website Bank
C.10 Investor relations
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C.10.1 Does the company disclose the contact details (e.g. telephone, fax, and email) of the officer / office responsible 76, 554
for investor relations?
D. Responsibilities of the Board
No. Principles and Recommendations Page
D.1 Board Duties and Responsibilities
Clearly defined board responsibilities and corporate governance policy
D.1.1 Does the company disclose its corporate governance policy / board charter? 441-442, 460
D.1.2 Are the types of decisions requiring board of directors/commissioners’ approval disclosed ? 442-443
and Article of
Association and website
D.1.3 Are the roles and responsibilities of the board of directors/commissioners clearly stated ? 442-443, 462-463
Corporate Vision/Mission
D.1.4 Does the company have an updated vision and mission statement? 84
D.1.5 Does the board of directors play a leading role in the process of developing and reviewing the company’s strategy 50-52, 58-59
at least annually?
D.1.6 Does the board of directors have a process to review, monitor and oversee the implementation of the corporate
strategy?
D.2 Board structure 58-59
Code of Ethics or Conduct
D.2.1 Are the details of the code of ethics or conduct disclosed? 556-557
D.2.2 Are all directors/commissioners, senior management and employees required to comply with the code/s? 556-557
D.2.3 Does the company have a process to implement and monitor compliance with the code/s of ethics or conduct? 556-557
Board Structure & Composition
D.2.4 Do independent directors/commissioners make up at least 50% of the board of directors/commissioners? 444-446
D.2.5 Does the company have a term limit of nine years or less or 2 terms of five years1 each for its independent Article of Association
directors/ commissioners? and website
1 The five years term must be required by legislation which pre-existed the introduction of the ASEAN Corporate
Governance Scorecard in 2011
D.2.6 Has the company set a limit of five board seats that an individual independent/non-executive director/ 444-448
commissioner may hold simultaneously?
D.2.7 Does the company have any executive directors who serve on more than two boards of listed companies outside 446-448, 459-460
of the group?
Nominating Committee
D.2.8 Does the company have a Nominating Committee? 488
D.2.9 Is the Nominating Committee comprised of a majority of independent directors/commissioners? 488
D.2.10 Is the chairman of the Nominating Committee an independent director/commissioner? 488
D.2.11 Does the company disclose the terms of reference/ governance structure/charter of the Nominating Committee? 488
D.2.12 Is the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee 491-492
meet at least twice during the year?
Remuneration Committee / Compensation Committee
D.2.13 Does the company have a Remuneration Committee? 488
D.2.14 Is the Remuneration Committee comprised entirely of non-executive directors/commissioners with a majority of 488
independent directors/commissioners ?
D.2.15 Is the chairman of the Remuneration Committee an independent director/commissioner? 488
D.2.16 Does the company disclose the terms of reference/ governance structure/ charter of the Remuneration 488
Committee?
D.2.17 Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the Remuneration Committee 491-492
meet at least twice during the year?
Audit Committee
D.2.18 Does the company have an Audit Committee? 478
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D.2.19 Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority of 478
independent directors/commissioners?
D.2.20 Is the chairman of the Audit Committee an independent director/commissioner? 478
D.2.21 Does the company disclose the terms of reference/governance structure/charter of the Audit Committee? 478
D.2.22 Does at least one of the independent directors/commissioners of the committee have accounting expertise 478
(accounting qualification or experience)?
D.2.23 Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee meet at least 481
four times during the year?
D.2.24 Does the Audit Committee have primary responsibility for recommendation on the appointment, and removal of 480
the external auditor?
D.3 Board Processes
Board meetings and attendance
D.3.1 Are the board of directors meeting scheduled before the start of financial year? 457-459
D.3.2 Does the board of directors/commissioners meet at least six times during the year? 457-459
D.3.3 Has each of the directors/commissioners attended at least 75% of all the board meetings held during the year? 457-459
D.3.4 Does the company require a minimum quorum of at least 2/3 for board decisions? 457-459
D.3.5 Did the non-executive directors/commissioners of the company meet separately at least once during the year 457-459
without any executives present?
Access to information
D.3.6 Are board papers for board of directors/commissioners meetings provided to the board at least five business days 457-459
in advance of the board meeting?
D.3.7 Does the company secretary play a significant role in supporting the board in discharging its responsibilities? 523-526
D.3.8 Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast on 523-526
relevant developments?
Board Appointments and Re-Election
D.3.9 Does the company disclose the criteria used in selecting new directors/commissioners? 444-447, 460-461
D.3.10 Did the company describe the process followed in appointing new directors/commissioners?
D.3.11 Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in countries 456, 463
whose legislation prescribes a term of 5 years2 each? 2 The five years term must be required by legislation which
pre-existed the introduction of the ASEAN Corporate Governance Scorecard in 2011
Article of Association
and website
Remuneration Matters
D.3.12 Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or the 504-507
senior executives?
D.3.13 Does the company have measurable standards to align the performance-based remuneration of the executive 491, 504-507
directors and senior executives with long-term interests of the company, such as claw back provision and deferred
bonuses?
Internal Audit
D.3.14 Does the company have a separate internal audit function? 541-544
D.3.15 Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed? 541
D.3.16 Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
Risk Oversight
D.3.17 Does the company establish a sound internal control procedures/risk management framework and periodically 545-547, 549-551
review the effectiveness of that framework?
D.3.18 Does the Annual Report/Annual CG Report disclose that the board of directors/commissioners has conducted 545-547, 549-551
a review of the company’s material controls (including operational, financial and compliance controls) and risk
management systems?
D.3.19 Does the company disclose the key risks to which the company is materially exposed to (i.e. financial, operational 550, 263-299
including IT, environmental, social, economic)?
D.3.20 Does the Annual Report/Annual CG Report contain a statement from the board of directors/commissioners or 547, 550
Audit Committee commenting on the adequacy of the company’s internal controls/risk management systems?
D.4 People on the Board
Board Chairman
D.4.1 Do different persons assume the roles of chairman and CEO? 91, 100
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D.4.2 Is the chairman an independent director/commissioner? 91
D.4.3 Is any of the directors a former CEO of the company in the past 2 years? 66-67, 100
D.4.4 Are the roles and responsibilities of the chairman disclosed? 562
Lead Independent Director
D.4.5 If the Chairman is not independent, has the Board appointed a Lead/Senior Independent Director and has his/her 444-446
role been defined?
Skills and Competencies
D.4.6 Does at least one non-executive director/commissioner have prior working experience in the major sector that 91-109
the company is operating in?
D.5 Board Performance
Board Performance Directors Development
D.5.1 Does the company have orientation programmes for new directors/commissioners? 471
D.5.2 Does the company have a policy and actual practice and programs that encourages directors/commissioners to 453, 464
attend on-going or continuous professional education programmes?
CEO/Executive Management Appointments and Performance
D.5.3 Does the company disclose the process on how the board of directors/commissioners plans for the succession of 492
the CEO/Managing Director/President and key management?
D.5.4 Does the board of directors/commissioners conduct an annual performance assessment of the CEO/Managing 448-450, 506-507
Director/President?
Board Appraisal
D.5.5 Did the company conduct an annual performance assessment of the board of directors/commissioners and 448-450, 506-507
disclose the criteria and process followed for the assessment?
Director Appraisal
D.5.6 Did the company conduct an annual performance assessment of the individual directors/commissioners and 448-450, 506-507
disclose the criteria and process followed for the assessment?
Committee Appraisal
D.5.7 Did the company conduct an annual performance assessment of the board committees and disclose the criteria 450-451
and process followed for the assessment?
LEVEL 2 – BONUS ITEMS
(B) A. Rights and Equitable Treatment of shareholders
No. Principles and Recommendations Page
(B) A.1 Right to participate effectively in and vote in general shareholders meeting and should be informed of the
rules, including voting procedures, that govern general shareholders meeting.
(B) A.1.1 Does the company practice real time secure electronic voting in absentia at general meetings of shareholders? 423-425
(B) A.2 Equitable treatment of shareholders
Notice of AGM
(B)A.2.1 Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced to 425
the Exchange, at least 28 days before the date of the meeting?
(B) B. Sustainability and Resilience
No. Principles and Recommendations Page
(B) B.1
(B) B.1.1 Does the company disclose how it manages climate-related risks and opportunities? 263-299
and Sustainability
Report
(B) B.1.2 Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured? Sustainability Report
and Bank’s website
(B) B.1.3 Does the company disclose the engagement channel with stakeholder groups and how the company responds to 219
stakeholders’ ESG concerns? and Sustainability
Report
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(B) B.1.4 Does the company have a unit / division / committee who is specifically responsible to manage the sustainability 219
matters? and Sustainability
Report
(B) B.1.5 Does the company disclose board of directors/commissioners’ oversight of sustainability-related risks and 50, 62
opportunities?
(B) B.1.6 Does the company disclose the linkage between executive directors and senior management remuneration and 504-507
sustainability performance for the previous year?
(B) B.1.7 Is the company’s Whistle Blowing System managed by independent parties / institutions? 534-535
(B) C. Disclosure and transparency
No. Principles and Recommendations Page
(B) C.1 Quality of Annual Report
(B) C.1.1 Are the audited annual financial report /statement released within 60 days from the financial year end? Audited Financial
Statements
(B) D. Responsibilities of the Board
No. Principles and Recommendations Page
(B) D.1 Board Competencies and Diversity
(B) D.1.1 Does the company have at least one female independent director/commissioner? 92
(B) D.1.2 Does the company have a policy and disclose measurable objectives for implementing its board diversity and 475-477
report on progress in achieving its objectives?
(B) D.2 Board Structure
(B) D.2.1 Is the Nominating Committee comprise entirely of independent directors/commissioners? 488-489
(B) Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the 490-491
D.2.2 company’s strategic directions?
(B) D.3 Board Appointments and Re-Election
(B) D.3.1 Does the company use professional search firms or other external sources of candidates (such as director 456, 463, 490-491
databases set up by director or shareholder bodies) when searching for candidates to the board of directors/
commissioners?
(B) D.4 Board Structure & Composition
(B) Do independent non-executive directors/commissioners make up more than 50% of the board of directors/ 444-446
D.4.1 commissioners for a company with independent chairman?
(B) D.5 Risk Oversight
(B) D.5.1 Does the company disclose that its Board identified key risk in relation to information technology including 252-254
disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into the
overall risk management framework?
(B) D.6 Board Performance
(B) Does the company have a separate board level Risk Committee? 508-522
D.6.1
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Board of Commissioners Approval Sheet
Good Corporate Governance (GCG)
Implementation Report 2024
PT Bank Maybank Indonesia Tbk
BOARD OF COMMISSIONERS
Dato’ Khairussaleh Ramli
President Commissioner
Edwin Gerungan Datuk Lim Hong Tat Dato’ Zulkiflee Abbas Abdul Hamid Achjar Iljas
Commissioner Commissioner Commissioner Independent Commissioner
Hendar Putut Eko Bayuseno Marina R. Tusin Daniel James Rompas
Independent Commissioner Independent Commissioner Independent Commissioner Independent Commissioner *)
*)
The appointment of Daniel James Rompas as Independent Commissioner of the Company takes effect as of 3 January 2025
as per approval from the relevant Regulator.
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Implementation Report 2024
PT Bank Maybank Indonesia Tbk
BOARD OF DIRECTORS
Steffano Ridwan
President Director
Irvandi Ferizal Effendi Widya Permana Ricky Antariksa
Director Director Director Director
Bambang Andri Irawan Yessika Effendi Romy Hardiansyah Shaiful Adhli Yazid Bianto Surodjo
Director Director Director Director Director
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INTRODUCTION Since 2014, Maybank Indonesia has implemented the ‘Shariah
To foster sound growth and develop a reliable business First’ and ‘Leverage Business Model’ strategies that give
expansion, PT Bank Maybank Indonesia Tbk Shariah Business precedence to offering shariah products to all Maybank
Unit (hereinafter referred to as Maybank Indonesia SBU) is Indonesia customers. Aligned with Maybank Group's vision,
committed to implement Good Corporate Governance (GCG) these strategies differentiate the Bank as an Innovative Industry
with consistency while ensuring its banking management Leader in the Shariah banking industry.
remains shariah-compliant in order to provide security to
stakeholders. This all adds up to a risk mitigation effort as To help execute the strategies, Maybank Indonesia SBU has
has been mandated by the Financial Services Authority (OJK), been very consistent in building stronger governance guidelines
particularly in managing reputation risk in the Shariah banking through Shariah Governance Framework (SGF), Shariah
industry. Compliance Policy (SCP) and supervision of the implementation
of Shariah principles within Maybank Indonesia work unit related
The implementation of Good Corporate Governance refers to to Shariah business activities.
Bank Indonesia Regulation (PBI) No. 11/33/PBI/2009 dated 7
December 2009, as amended by Financial Services Authority The Board of Directors, Board of Commissioners, and Shariah
Regulation (POJK) No. 2 of 2024 concerning the Implementation Supervisory Board (SSB) took an active role and provide full
of Shariah Governance for Conventional Banks and Shariah support, and hence Maybank Indonesia SBU works to ensure
Business Units, and Bank Indonesia Circular Letter (SEBI) No. GCG principles are applied in every business aspects and
12/13/DPbS dated 30 April 2010 regarding the Implementation organisation level, as have been manifested in the execution
of Good Corporate Governance for Shariah Commercial Banks of duties and responsibilities of its SBU Director and Shariah
and Shariah Business Units. The implementation of GCG in Supervisory Board, Shariah principles implementation in
Shariah banking is based on five fundamental principles aimed collecting fund, fund disbursement, and providing services.
at protecting stakeholders' interests, enhancing compliance Other efforts may also be seen from prudence principles in
to applicable laws and regulations, and adhering to generally fund disbursement to the Bank's core customers, fund deposits
accepted ethical values in the Shariah banking industry. The five from the Bank's core depositors, and ensuring transparency
fundamental principles are: in financial and non-financial aspects, governance, including
1. Transparency; in the disclosure of material and relevant internal reporting.
information and in the decision-making process.
2. Accountability; clarity of functions and proper DIRECTOR OF MAYBANK INDONESIA
implementation of accountability of bank organs to ensure SBU
effective business management. Pursuant to all governance stipulations, Maybank Indonesia
3. Responsibility; conformity of bank management to all SBU Director is fully responsible for SBU management based on
applicable laws and regulations and the principles of sound both prudence and Shariah principles. Based on the results of
bank management. Annual Meeting of Shareholders (“AGM”) of Maybank held on
4. Professional; having competence and capability to act 1 April 2024, Mr. Romy Hardiansyah, who is also the President
objectively and are free from influence/pressure from any Director of Maybank Indonesia (formerly BII), was appointed for
other party (independent) and having a high commitment to the position. The appointment was approved by OJK in letter
develop Shariah banking. No.SR-276/PB.02/2024 dated 11 July 2024 on the Application
5. Fairness; impartiality and equality in fulfilling the rights of for Approval of Candidates for Director of Shariah Business Unit
stakeholders based on agreements and applicable laws and (SBU) of PT Bank Maybank Indonesia Tbk.
regulations.
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Main Highlights Management Report Company Profile Management Discussion
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Profile of Maybank Indonesia SBU Director
Romy Hardiansyah
Maybank Indonesia SBU Director
Citizenship
Indonesian citizen
Age
52 Years old
Domicile
Jakarta, Indonesia
Maybank Indonesia SBU Director since 1 April 2024
Experience
He has over two decades of experience in the global banking and finance industry. Previously, he served as the Head of Shariah Banking at PT Bank
Maybank Indonesia, Tbk. (2019–2024), where he led the development of Shariah banking. Before joining Maybank Indonesia, he held various key positions
at Emirates Shariah Bank, Dubai, including Head of Syndication & Capital Markets (2017–2019), Head of Transaction Banking & Corporate Advisory (2013–
2017), and Head of Large Corporate & Public Sector in Muscat, Oman (2013).
He also served as Senior Vice President at Global Banking & Markets HSBC (2005–2009), as well as Team Leader – Large Corporate at Bank Al-Bilad,
Riyadh (2009–2010). At ABN-AMRO, he held various positions, including Assistant Vice President (2004–2005), Manager, Credit Structuring (2001–
2002), and Relationship Manager – Global Corporate (1999–2001).
Apart from his career in the banking sector, he worked as a Senior Business Information Specialist at McKinsey & Company (2002–2004) and began his
career as a Production Control Analyst at Proto Engineering, California (1996–1997), as well as Senior Officer – Investment Banking at Sumitomo Niaga
Bank (1997–1999).
Qualification
A holder of Bachelor Degree in Science from San Jose State University (USA) in 1996.
Duties and Responsibilities of the Maybank Indonesia SBU Director
The following are duties and responsibilities of the Director of Maybank Indonesia SBU:
Key Accountibility Main Activity Results
Responsible for devising 1. Develop SBU business strategy for the next 5 years. Annual Budget Against Work
development strategy for 2. Prepare the Annual Budget Work Plan (RKAT) of SBU Results and Planned Strategies
the SBU business 3. SBU Business Strategy Implementation
Responsible for the Working with Shariah Supervisory Board (SSB), to oversee SBU banking activities, 1. Follow-up supervision of SSB
implementation of SBU both Shariah products and services to comply with Shariah principles and analysing and Audit
management based on audit findings and/or recommendations from audit results by the Financial 2. GCG report of SBU
both prudence and Shariah Authority, internal auditors and/ or external auditors. 3. SBU Risk Profile Report
principles
BUSINESS DEVELOPMNET AND SERVICES
The purpose of Maybank Indonesia business to prioritise Shariah principles increasingly showing significant results. With ‘product
& sales support management’ business model, Maybank Indonesia SBU functions as a unit that manages and develops products and
supports Shariah scheme marketing efforts, providing Maybank Indonesia business ecosystem with Shariah product differentiator to
provide customer's needs across all segments: Retail Banking, Business Banking, and Global Banking.
For the year 2024, Maybank Indonesia SBU succeeded in executing business strategies, work programs and projects to supports the
Shariah business, namely:
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‘Shariah First’ Strategy Shariah Governance Framework (SGF) dan Shariah
As previously has been executed from the pas few years, in Compliance Policy (SCP)
2024, Maybank Indonesia Management continues to focuses The Shariah Compliance Policy (SCP) is a summary of Shariah
on ‘Shariah First’ strategy where all Maybank Indonesia branch principles in accordance with the fatwas of the National Shariah
offices prioritise in offering Shariah products to potential Council-Majelis Ulama Indonesia (DSN-MUI) and Shariah
and existing customers through addressing its competitive banking regulations to enhance control over the fulfilment of
advantage. Shariah principles in the Bank’s Shariah business activities. The
SCP is part of the Bank’s Shariah Governance Framework (SGF)
Product Development & Innovation and serves as the basis for the preparation of the Bank’s internal
In 2024, Maybank Indonesia SBU commited to actively provisions relating to the fulfilment of Shariah principles in
establishing Shariah banking ecosystem through developing and carrying out Shariah business activities.
innovating digital products and services as follows:
1. iB Bebas Property Financing. Maybank Indonesia is committed to continuously executing
2. Development of Trade Finance financing based on LC/SKBDN enhancement to the Shariah Governance Framework and Shariah
and Non-LC/SKBDN. Compliance Policy (SCP) to align with Maybank Indonesia’s
3. Development of M2U ID App features. business activities, including updating the Shariah Financing
4. Development of corporate digital payment services and value Screening Checklist.
chain financing (Maybank CoOLPay).
Shariah Banking Socialisation, Education and Awareness
Shariah Banking E-Learning Maybank Indonesia SBU always actively participates in Sharia
In order to increase staff awareness and acknowledgement banking Sosialisation and education activities initiated by OJK
for Sharia principles, Maybank Indonesia SBU continuously and BI, Indonesian Sharia Bank Association (ASBISINDO), BUS
implements e-learning covering Sharia banking scopes and and SBU and BPRS through ‘Financial Inclusion Month’ and other
insights. Sharia awareness activities.
As an ongoing effort for the socialisation and education of Socialisation and education activities aim to promote the Shariah
Shariah banking, Maybank Indonesia SBU also strives to ensure banking system to the public through:
all employees related to Shariah business fulfill the E-Learning (i) Sharia banking education, socialisation & promotion programs
programme, including monitoring the completion of e-learning that are easy to understand, (ii) Development of innovative
modules and requiring the Foundation of Shariah Banking and products, (iii) Improvement of the quality of Sharia banking
Comprehension of Shariah Banking modules as mandatory for services that are in accordance with the real needs of the
Maybank Indonesia employment process. community & the business world of banking service users,
(iv) Office network efficiency, including innovation in providing
Sharia banking services that are easy and efficient and reach
all levels of society, (v) Increasing competitiveness in terms of
competitive banking services and financing costs, and
(vi) Increasing competitive investment benefits or returns.
During 2024, Maybank Indonesia SBU Syariah banking socialisation and education activities were as follows:
No Date Event
1 29 February 2024 Roadshow Event SWM Makassar
2 2 March 2024 Regional Ramadhan Relief 2024 - Jakarta
3 2 March 2024 Offline Class Harvesting Revenue - Bandung
4 2 March 2024 Shariah Financial Literacy - Depok
5 2 March 2024 Shariah Investment Literacy with the theme "Opportunities for Sharia Investment and Capital Market
Navigation in an Election Year" - Bandung
6 9 March 2024 Offline Class Harvesting Revenue - Yogyakarta
7 16 March 2024 Offline Class Harvesting Revenue - Surabaya
8 23 March 2024 Offline Class Harvesting Revenue - Bali
9 19 May 2024 LokaLokal - SIRCLO x Maybank Islamic & Shariah
10 5 March 2024 Roadshow Event SWM Surabaya
11 30 March 2024 Community Event x Dompet Dhuafa: Temenin
12 19 May 2024 LokaLokal - SIRCLO x Maybank Islamic & Shariah
13 25 June 2024 Kick-Off of Shariah Financing Month - ISEF BI 2024 (Pullman Hotel Jakarta)
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No Date Event
14 12 June 2024 Shariah Investment Literacy at the Milad Event of Muhammadiyah Business Institute - Bekasi
15 13 June 2024 Shariah Investment Literacy with the theme "Opportunities for Financial Independence through Shariah
Investment" - Medan
16 16 July 2024 Roadshow Event Connect 2 - Bali
17 19 July 2024 Roadshow Event Connect 2 - Bandung
18 21 July 2024 Main Event Connect 2 - JCC Jakarta
19 16 July 2024 Roadshow Event Connect 2 - Bandung
20 23 July 2024 Shariah Financial Literacy with UMKM Mentored by PW Muhammadiyah DKI - Jakarta
21 30 August-1 September 2024 Event BI Provinsi Banten : Shafara & Ferba 2024
22 4 September 2024 Bloomberg CEO Forum: The Future of Finance
23 4 September 2024 Shariah Financial Literacy - Jakarta
24 6-7 September 2024 PPLIPI Bazaar Event
25 27-29 September 2024 Hiro Goodstuff Market
26 30 September 2024 IFN Indonesia Dialogues 2024
27 21 September 2024 Shariah Financial Literacy with Halal Certification Assistance Training - Jakarta
28 21 September 2024 Hajj Financial Literacy Socialisation - Padang
29 21 September 2024 Hajj Financial Literacy Socialisation - Jambi
30 24 September 2024 Hajj Financial Literacy Socialisation - Medan
31 25 September 2024 Hajj Financial Literacy Socialisation - Cirebon
32 3 October 2024 SWM Media Gathering
33 3-6 October 2024 OJK Financial Expo BIK 2024 - Balikpapan
34 4 October 2024 Hajj Financial Literacy Socialisation - Bandung
35 21 October 2024 Shariah Investment Literacy with the theme "Financial Management Strategy for Building Wealth from the
Start" - Medan
36 11 October 2024 Shariah Financial Literacy at the IKM UI Anniversary Event - Depok
37 18 October 2024 Hajj Financial Literacy Socialisation - Bandung
38 20 October 2024 Hajj Financial Literacy Socialisation - Makassar
39 22 October 2024 Hajj Financial Literacy Socialisation - Palembang
40 31 October 2024 Hajj Financial Literacy Socialisation - Jakarta
41 12 November 2024 Shariah Economic Literacy at the Intensive Course on Islamic Economics (KIEI) UI - Depok
42 5 November 2024 Hajj Financial Literacy Socialisation - Jambi
ORGANISATIONAL DEVELOPMENT DEVELOPMENT OF DISTRIBUTION
To improve its Shariah business, the Management of Maybank NETWORK
Indonesia is aligning Maybank's overall business strategy The Bank continues to assess the potential for business
by developing Maybank Indonesia UUS as 'Product & Sales development in a number of regions in Indonesia which will
Management' in accordance with Shariah principles. become new locations for opening Shariah Branch Offices, taking
into account the clauses in OJK Regulation 12 of 2023 regarding
Maybank Indonesia UUS organisational development continues Shariah Business Units (SBU). in the future banks will be given
to be carried out to support the implementation of the Leveraged convenience in developing KCS and KCPS networks, including
Business Model and accelerate the growth of Maybank Indonesia utilisation of BUK (Conventional Commercial Bank) branch office
UUS while maintaining business and operational conformity with network infrastructure, under the condition the Bank's BUK and
Shariah principles. SBU have development plans to expand the scope of Shariah-
based financial services.
Human Capital (HC) Education and Training
Maybank Indonesia UUS continues to improve its HC The strategy for opening a Shariah Branch Office is also to
capabilities/competencies by providing various training, namely: demonstrate the existence of Maybank Indonesia SBU and
1. Provide Shariah banking training to employees who handle increase public customer awareness that Maybank Indonesia SBU
or are related to Shariah business at Branch Offices and has innovative and competitive Shariah financial products and
Head Office in the form of e-Learning and in class training services for the needs of the local community.
according to the level of training required by each employee.
2. Provide opportunities for DPS members to take part in Regarding the development of the Shariah office network
training/seminars/workshops in accordance with the self- over the previous 2 (two) years, Maybank Indonesia SBU has
development needs of DPS members to support and improve opened 1 (one) Kelapa Gading Syariah KCP in, bringing the
Shariah supervision activities at Maybank Indonesia UUS, number of Shariah office networks which previously amounted
including Pre-Ijtima' Sanawi and Ijtima' Sanawi (Annual to 19 (nineteen) offices, to 20 (twenty) offices, consisting of 17
Meeting) DPS Year 2024 organised by DSN-MUI. (seventeen) KCS and 3 (three) KCPS.
3. Other related training courses.
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The Bank has not had any plan to extend its Shariah office network in 2025 and will remain focused on increasing productivity and
business growth in each existing KCS and KCPS while maximising the BUK branch office network to continue expanding regional
coverage and the Shariah financial market.
To grow the business within the Shariah branch office network, the Bank implements a sustainable strategy that will entail:
1. Pursuing stronger growth of sustainable business through deeper penetration into the halal ecosystem (Shariah organisations).
2. Encouraging higher profitability and customer growth through market expansion and the development of the mass banking segment
with a mass mortgage and mass funding business model to meet customer needs.
3. Strengthening customer penetration across all Maybank Indonesia entities by increasing new customer acquisition with Shariah
Wealth Management solutions, enhancing new customer acquisition in the premier, privilege, mass banking, payroll, community,
and non-retail segments, continuing campaigns and programs for Shariah Wealth Management, and increasing sales productivity,
while reinforcing market penetration through payroll and ecosystem business models for mass banking funding customers.
4. Introducing Bank as a Service (BaaS) and other need-based new solutions for the customers through massive acquisition efforts and
the development of banking systems that support the large-scale account opening process both online and offline to facilitate mass
acquisition of customers/ecosystems/communities.
Awards Received
During 2024, Maybank Indonesia UUS received the following awards:
No Event Category
1 The Asset Triple A Islamic Finance Awards Best Islamic Project Finance Deal – PT PLN Batam Rp588 billion (IMBT)
2 Euromoney Awards 2024 Best Islamic Local Currency Deal – Indonesia: Permodalan Nasional Madani Rp1 trillion
Shariah Financing – 2024
3 Euromoney Awards 2024 Best Islamic Project Finance Deal – Indonesia: PLN Batam Rp588 billion Ijarah
Muntahiyah Bit Tamlik (IMBT) financing – 2024
4 Jawa Pos Awards 2024 Most Popular Brand of The Year 2024 Sharia Banking Category from Jawa Pos
SHARIA SUPERVISORY BOARD (SSB)
The number, criteria, dual positions, and duties and responsibilities of SSB Maybank Indonesia SBU are in accordance with the provisions
on GCG and Sharia Business Unit.
Number and Composition of SSB
In 2024, the composition of SSB members is 3 (three) people and one of them is appointed as Chairman with the following composition:
Before GMS on 1 April 2024
No. Name Position GMS Approval Term of Office
1 Dr. H.M. Anwar Ibrahim, M.A. Chairman Minutes of the Annual General Meeting of Shareholders AGMS 2024
of PT Bank Maybank Indonesia Tbk. Number 102 dated
31 May 2023
2 Dr. H. Abdul Jabar Majid, M.A. Member Deed of Statement of Meeting Resolution of PT Bank AGMS 2024
Maybank Indonesia Tbk. Number 56 dated 23 April 2021
3 Mohammad Bagus Teguh Perwira, Lc., Member Minutes of the Annual General Meeting of Shareholders AGMS 2024
M.A. of PT Bank Maybank Indonesia Tbk. Number 102 dated
31 May 2023
After GMS on 1 April 2024
No. Name Position GMS Approval Term of Office
1 Dr. H.M. Anwar Ibrahim, M.A. Chairman¹ Minutes of the Annual General Meeting of AGMS 2024
Shareholders of PT Bank Maybank Indonesia Tbk.
Number 3 dated 1 April 2024
2 Mohammad Bagus Teguh Perwira, Lc., Member² Minutes of the Annual General Meeting of AGMS 2024
M.A. Shareholders of PT Bank Maybank Indonesia Tbk.
Number 3 dated 1 April 2024
3 Dr. KH. Sodikun M.Si, M.E. Member² Minutes of the Annual General Meeting of AGMS 2027
Shareholders of PT Bank Maybank Indonesia Tbk.
Number 3 dated 1 April 2024
Note:
1. Dr HM Anwar Ibrahim still serves his duties and authorities as Chairman of the Sharia Supervisory Board until his replacement was appointed at the General
Meeting of Shareholders.
2. Muhammad Bagus Teguh Perwira Lc., M.A. still served his duties and authorities as Chairman of the Sharia Supervisory Board until KH Dr Sodikun was
appointed in this GMS and has effectively serves his duties and authorities after fulfilling all the regulatory provision and criteria.
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After GMS on 27 September 2024
No. Name Position GMS Approval Term of Office
1 Dr. H.M. Anwar Ibrahim, M.A. Chairman¹ Minutes of the Annual General Meetings of AGMS 2024
Shareholders of PT Maybank Indonesia Tbk.
Number 95 dated 27 September 2024.
2 Dr. KH. M. Saad Ih M.A. Chairman2 Minutes of the Annual General Meetings of AGMS 2027
Shareholders of PT Maybank Indonesia Tbk.
Number 95 dated 27 September 2024.
3 Prof. Dr. H. Ahmad Satori Ismail M.A. Member Minutes of the Annual General Meetings of AGMS 2027
Shareholders of PT Maybank Indonesia Tbk.
Number 23 dated 18 December 2024.
4 Mohammad Bagus Teguh Perwira, Lc., Member3 Minutes of the Annual General Meeting of AGMS 2024
M.A. Shareholders of PT Bank Maybank Indonesia Tbk.
Number 3 dated 1 April 2024
5 Dr. KH. Sodikun M.Si, M.E. Member4 Minutes of the Annual General Meetings of AGMS 2027
Shareholders of PT Maybank Indonesia Tbk.
Number 31 dated 23 October 2024.
Notes:
1. Dr. H.M. Anwar Ibrahim, M.A., still served his duties and authorities as the Chairman of the Shariah Supervisory Board of the Company until the appointment of
Dr. KH. M. Saad Ih M.A. as the new Chairman by the GMS, came into effect.
2. The appointment of Dr. KH. M. Saad Ih M.A. as the Chairman of the Shariah Supervisory Board of the Company has been effective since 14 January 2025
3. Mohammad Bagus Teguh Perwira, Lc., M.A. shall continue to carry out his position and authority as a Member of the Company's Sharia Supervisory Board
until Dr. KH. Sodikun M.Si, M.E. who was appointed in this GMS has effectively carried out his position and authority after fulfilling the requirements based on
applicable laws and regulations.
4. Appointment of Dr. KH. Sodikun M.Si, M.E. as Member of the Company's Sharia Supervisory Board is effective from 23 October 2024.
SSB Profile
DR. H.M. Anwar Ibrahim, M.A.
Chairman
Citizenship
Indonesian citizen
Age
83 Years old
Domicile
Indonesia
Chairman of SSB Maybank Indonesia SBU since 20 May 2003 and reappointed through Maybank’s AGMS on 27 September 2024.
Experience
Active in the Indonesian Ulama Council as Member of Fatwa Commission from 2000 to 2010. Chairman of SSB in several Islamic Financial Institutions. Has
various teaching experiences in his career (1964 - 2016) including teaching at Institut Ilmu Al Quran, Syarif Hidayatullah State Islamic University Jakarta,
Universitas Indonesia, and Trisakti University.
Qualification
Bachelor in Islamic and Sharia Studies from Raden Fatah Islamic Institute, Palembang (1964), Master of Arts (1966 - 1969) and Philosophy of Doctor in
Comparative Fiqh and Ushul-fiqh from Al-Azhar University, Cairo (1974 - 1978). Competent as a Capital Market Sharia Expert from The Indonesia Capital
Market Institute and OJK (2016).
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Dr. KH. M. Saad Ih M.A.
Chairman
Citizenship
Indonesian citizen
Age
70 Years old
Domicile
Indonesia
Appointed as the Chairman of the Shariah Supervisory Board (DPS) of PT Bank Maybank Indonesia, Tbk based on the decision of the Extraordinary General
Meeting of Shareholders (RUPSLB) on 27 September 2024.
Experience
He has served as the Chairman of the Muhammadiyah Central Board responsible for Da'wah, Pesantren, Hajj, and Umrah since November 2022. He
assumes other position than in Muhammadiyah as Deputy Chairman of the Board of Trustees of the Indonesian Ulema Council (MUI) of East Java (2020-
2025). Previously, he served as a Shariah Supervisory Board member at Bank Jatim (April 2020–April 2023).
In the academic field, he was Vice Rector IV at UIN Malang (January 2008–January 2009) and Director of Postgraduate Studies at UIN Malang (July 2005–
July 2007).
Qualification
He completed his Bachelor's degree (S1) at the Faculty of Sharia at IAIN Sunan Ampel Surabaya in 1983. He later worked on his Master's degree (S2) in
Islamic Studies at IAIN Syarif Hidayatullah Jakarta, which he completed in 1990. Later in 1997, he earned his Doctorate (S3) at the State Islamic Institute
Syarif Hidayatullah Jakarta.
Prof. Dr. H. Ahmad Satori
Ismail M.A.
Member
Citizenship
Indonesian citizen
Age
69 Years old
Domicile
Indonesia
Appointed as a Member of the Shariah Supervisory Board (DPS) of PT Bank Maybank Indonesia, Tbk based on the decision of the Extraordinary General
Meeting of Shareholders (RUPSLB) on 27 September 2024.
Experience
He concurrently serves as a Professor at UIN (State Islamic University) Ciputat and a Postgraduate Lecturer at UIN Jakarta. His other positions include as
the Director of Postgraduate Studies at the Islamic University of As-Syafi'iyah (UIA) Jakarta. He has been actively involved in the development of higher
education in the field of Islam.
He has served as a Member of the Shariah Supervisory Board (DPS) at DAPEN BI IP since June 2021 and at Bank Mega Syariah since August 2004. In the
field of da'wah, he is known as an Indonesian preacher who contributes to spread the preaching of religious knowledge.
He had extensive organisational experience, including a position of General Chairman of IKADI from July 2002 to July 2021, and since September 2021, he
has been the Chairman of the IKADI Shura Council. He has also been a Member of the Board of Trustees of the Khusnul Khotimah Foundation in Kuningan
since July 1994 and the Chairman of the Board of Trustees of the Al Hasan Foundation in Bekasi since May 2005.
At the Indonesian Ulema Council (MUI), he served as the Deputy Chairman of the Da'wah Commission from May 2010 to April 2015, and as a Member
of the Fatwa Commission of MUI from May 2015 to April 2020. Since April 2010, he has also been a Full Member of the National Shariah Council of MUI
(DSN-MUI).
Qualification
He began his higher education by obtaining an Associate Degree at IAIN Sunan Gunung Djati Cirebon in 1977, majoring in Tarbiyah/Arabic Language. He
pursued further study to complete a Bachelor's degree at IAIN Sunan Gunung Djati Bandung, which he earned n 1981, majoring in the field, Tarbiyah/Arabic
Language.
In 1985, he continued his studies abroad and earned a Licentiate degree at Al Azhar University in Cairo, Egypt, majoring in Tafsir. Subsequently, in 1987, he
completed his Doctorate (S3) at Al Minya University in Egypt, in the Faculty of Arts/Arabic Language.
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Dr. KH. Sodikun M.Si, M.E.
Member
Citizenship
Indonesian citizen
Age
64 Years old
Domicile
Indonesia
Appointed as a member of the Shariah Supervisory Board (DPS) of Maybank Indonesia based on the decision of the Annual General Meeting of
Shareholders (RUPST) of Maybank Indonesia on 1 April 2024.
Experience
He has extensive experience in the field of Shariah supervision. Since 2019, he has served as a Member of the Shariah Supervisory Board at PT Maybank
Indonesia Finance, Jakarta. Additionally, he is the Chairman of the Shariah Supervisory Board at Astra Life Syariah, Jakarta. Between 2014 and 2017, he
served as the Chairman of the Shariah Supervisory Board at Bank Sumsel Babel Syariah, Palembang. Concurrently, he also serves as one of the Chairmen of
the Indonesian Ulema Council (MUI).
In the academic field, he has contributed as an undergraduate lecturer at the Postgraduate Program of Gunadarma University since 2020, and is actively
involved as an instructor and keynote speaker in various scientific activities. He has also taught at several other institutions, such as STISIPOL Palembang
(2015-2017) and STAN Prodip Palembang (2012-2017), where he also served as the Coordinator for Islamic Studies.
Qualification
He completed his Bachelor's degree (S1) in 2008 at IAIN Raden Fatah Palembang with a major in Comparative Religion. He then pursued a Master's
degree (S2) in 2009 at STISIPOL Candradimuka, Palembang, focusing on Public Administration. In 2022, he completed a Master's program at Ibn Khaldun
University, Bogor, with a concentration in Shariah Economics.
In 2020, he continued his studies to the Doctoral level (S3) at Sahid University, Jakarta, with a program in Communication Science.
Concurrent Position as SSB
In accordance with the provisions regarding concurrent positions of SSB, SSB members are prohibited from holding concurrent positions
as SSB members in more than 1 (one) other bank and as SSB members in more than 2 (two) financial institutions other than Banks.
The concurrent positions of SSB members of Maybank Indonesia SBU in 2024 are as follows:
No Name Position Company
1 Dr. H. M. Anwar Ibrahim, M.A. Chairman of SSB Bank OCBC NISP (UUS)
2 Dr. KH. M. Saad Ih M.A. Chairman of SSB -
3 Prof. Dr. H. Ahmad Satori Ismail M.A. Member of SSB Bank Mega Syariah
Chairman of SSB Dapen BI IP
4 Dr. KH. Sodikun M.Si, M.E. Chairman of SSB Asuransi Astra Life (UUS)
Member of SSB Maybank Finance
Duties and Responsibilities of SSB
DPS is responsible for providing advice and suggestions to the Director in charge of SBU and overseeing the activities of Maybank
Indonesia SBU to comply with Sharia Principles. Meetings between SSB and Director are scheduled as needed where one of the meeting
agendas is an update of SSB meeting activities/results.
Duties and responsibilities of SSB include, among others:
a. Assess and ensure the fulfilment of Sharia Principles on operational guidelines and products issued by Maybank Indonesia SBU.
b. Supervise the new product development process of Maybank Indonesia SBU to be in accordance with DSN - MUI fatwa.
c. Requesting fatwa from the National Sharia Council - Indonesian Ulama Council for new products of Maybank Indonesia SBU for
which there is no fatwa.
d. Conduct periodic review on the fulfilment of Sharia Principles on the mechanism of fund raising and fund distribution as well as
services of Maybank Indonesia SBU.
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e. Requesting data and information related to Sharia aspects from Maybank Indonesia SBU working unit in order to perform its duties.
f. Submit the results of supervision as outlined in the SSB Supervisory Report on a semi-annual basis.
g. Always analyse new products and services in the form of SSB Opinion in which the suitability of products and services to be
launched with Fatwa DSN-MUI is conveyed.
To be able to carry out its duties and responsibilities as:
a. Examine and request explanations from authorised officials of Maybank and Maybank Indonesia SBU regarding the objectives,
characteristics, SOP policies and contracts used in products and financial activities in Maybank Indonesia SBU.
b. Review and provide recommendations on policies, systems, SOPs, products related to Sharia principles and contracts issued by
Maybank Indonesia SBU.
c. Conduct inspection, observation, request for information and/or confirmation to employees of Maybank and/or Maybank Indonesia
SBU and/or Customers to strengthen the results of the examination.
d. Request all necessary data and information from the Director in charge of Maybank Indonesia SBU in order to perform its duties.
The duties and responsibilities of SSB are outlined in the SGF and SCP as guidelines for the implementation of their duties and
responsibilities. The implementation of SSB duties and responsibilities is assisted by the Shariah Advisory & Assurance work unit which
is tasked with managing the implementation of SSB meetings/meetings, administering DPS requests and opinion results as well as the
obligation to report the results of SSB supervision to OJK.
During 2024, SSB has supervised and provided advice, suggestions, opinions on products and activities of Maybank Indonesia SBU to
always be in accordance with Sharia principles as reflected in several series of Sharia Supervisory Board Meetings below.
Work Programme and Activities of SSB
During 2024, SSB carried out activities in accordance with its duties and responsibilities. This can be seen through the work programme
and its realisation as follows:
No. Work Program Realisation
1 Assess and ensure compliance with Sharia Principles on operational SSB assisted by Shariah Advisory & Assurance unit assesses and
guidelines and products issued by Maybank Indonesia SBU. ensures all policies and SOPs and products issued are in accordance
with Sharia principles
2 Supervise the new product development process of Maybank Every time there is a new product development, SSB asked the
Indonesia SBU to comply with the DSN – MUI fatwa. relevant work unit to present and explain details and ask for an
opinion from SSB.
3 Request a fatwa from the National Sharia Council – Indonesian Ulama SSB did not ask DSN-MUI for a fatwa for new products, considering
Council (DSN-MUI) for the new product of Maybank Indonesia SBU that the products issued by the Bank are in accordance with the
for which there is no fatwa. existing fatwa.
4 Conduct periodic reviews on the fulfillment of Sharia Principles on the SSB, accompanied by the Shariah Advisory & Assurance Unit, in
mechanism of fund collection and distribution of funds as well as the 2024 has conducted periodic reviews of Maybank Syariah Branch
services of Maybank Indonesia SBU. Offices and Syariah Services on-site, including the Yogyakarta, Solo,
Banjarmasin, Banjarbaru, Aceh, and Makassar branch or desktop
review
5 Request data and information related to Sharia aspects from the In carrying out its duties, SSB actively requested data and information
Maybank Indonesia SBU work unit in the context of carrying out their related to Sharia aspects assisted by the Shariah Advisory &
duties. Assurance unit.
6 Delivering the results of supervision as outlined in the SSB SSB has reported the results of its supervision on a semi-annual
Supervision Report on a semester basis. basis to the OJK with copies to the SBU Board of Commissioners and
Directors.
7 Always carry out an analysis of new products and services in the form Throughout 2024, SSB has issued 15 opinions regarding Sharia
of a SSB Opinion in which the suitability of the products and services products and business activities.
to be launched with the DSN-MUI Fatwa is conveyed.
8 Hold SSB meeting at least 1 (one) time in 1 (one) month. During 2024, SSB has held 23 meetings scheduled every Thursday and
or other days according to the availability of SSB time.
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Frequency of Meetings and Attendance Rate of the Shariah Supervisory Board (DPS)
The total number of DPS meetings held in 2024 is 23 meetings, with the attendance rate of DPS members as follows:
Name Total Attendance % Attendance
Dr. H. M. Anwar Ibrahim, M.A. 23/23 100%
Dr. H. Abdul Jabar Majid, M.A. 6/6 100%
Mohammad Bagus Teguh Perwira, Lc., M.A. 18/19 94.7%
Dr. KH. Sodikun M.Si, M.E. 12/17 70.5%
Dr. KH. M. Saad Ih M.A. 5/7 71.4%
Prof. Dr. H. Ahmad Satori Ismail M.A. 6/7 85.7%
SSB meetings are held offline and online through teleconference media. The SSB meeting agenda discusses, among others, requests for
SSB opinion from Maybank Indonesia SBU business units, other work units, as well as with Maybank Management. SSB meeting minutes
are also well documented and administered in accordance with applicable regulations.
SSB Supervisory Report
In accordance with its duties and responsibilities as stated in SGF, SSB oversees the activities of Maybank Indonesia SBU to ensure the
products and services offered adhere to shariah principles. SSB examines Maybank Indonesia SBU activities once in every semester and
attach the results in its oversight Report to OJK.
SSB Remuneration
The remuneration and other facilities policy is determined at the General Meeting of Shareholders (GMS), including remuneration and
other facilities.
In 2024, SSB received a total remuneration of Rp2,043 million.
Total Received in 1 Year
No Type of Remuneration and Other Facilities
People In Million Rupiah
1. Remuneration 6 1,984
2. Other Facilities 6
a. Transferable a. 59
b. Non transferable b. -
Total - 2,043
Total Remuneration *) per person in 1 year Total SSB
More than Rp2 billion -
More than Rp1 billion to Rp2 billion -
More than Rp500 million to Rp1 billion 1
Rp500 million and below 5**)
*) received in financial form (non natura)
**) 2 SSB ended their assignments on 1 April 2024 and 24 October 2024
COLLECTION OF CORE DEPOSITS AND FINANCING TO CUSTOMERS OF CORE
FINANCING
Maybank Indonesia SBU has applied the precautionary principle in receiving depositor funds, especially from Core Depositor Customers
and also in providing financing to Core Financing Customers by always referring to regulatory provisions and remaining based on Sharia
principles. Maybank Indonesia SBU provides treatment for Core Financing Customers and Core Depositors following the general policy
of Maybank Indonesia SBU.
TRANSPARENCY OF FINANCIAL AND NON-FINANCIAL CONDITIONS
Internal Fraud and Efforts to Resolve
During 2024, there were no internal frauds at Maybank Indonesia SBU.
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Number of Cases Conducted by
Internal Fraud Board of Commissioners/
Permanent Employee Non-permanent Employee
(in 1 year) Board of Directors
2023 2024 2023 2024 2023 2024
Total fraud None None None None None None
Has been settled - - - - - -
In settlement process at SBU internal - - - - - -
Settlement has not been attempted - - - - - -
Have been followed up by legal process - - - - - -
Legal Issues
The civil and criminal law issues faced by Maybank Indonesia SBU during the period 2024 are as follows:
Total
No. Legal Issues
Civil Criminal
1 Completed (has had permanent legal status) 9 0
2 In completion process 3 0
Total 12 0
List of Consultants and Advisors 4. Compensation/Humanitarian Assistance, and other Social
In 2024, Maybank Indonesia UUS does not use consultants and/ Activities, including support for disaster victims with a focus
or advisors for specialised projects. on rebuilding aspects.
5. Islamic Financial Literacy to enhance financial inclusion in
Distribution of Funds for Social Activities and Use of line with Shariah principles and sustainability
Benevolent Funds
Maybank Indonesia SBU realises that success in carrying out Throughout 2024, the benevolent funds of Maybank Indonesia
business activities cannot be separated from the support of all UUS have been distributed through partner institutions. Some
stakeholders. On an ongoing basis, Maybank Indonesia SBU of the flagship programs for the distribution of benevolent funds
continues to carry out social functions, both in the form of this year are as follows:
direct contributions to community activities and environmental 1. Productive economic empowerment program for the poor
development. and independent pesantren in collaboration with various
institutions such as Bahrul Maghfiroh Indonesia Foundation,
This social function is realised through the Benevolent Fund Rumah Yatim Arrohman Indonesia Foundation, Rumah
Management Unit (UPDK), which operates in accordance with Zakat Foundation, Majelis Ekonomi PP Muhammadiyah,
the provisions of the Fatwa of the National Sharia Council of the the National Committee for Sharia Economics and Finance
Indonesian Ulema Council (DSN MUI). In its implementation, (KNEKS) and the Indonesian Ulema Council's Food, Drug and
Maybank Indonesia UUS establishes coordination and Cosmetics Assessment Institute (LPPOM MUI) in facilitating
cooperation (mutual partnership) with Maybank Indonesia halal certification for food and beverage vendors.
and stakeholders to support social programs, community 2. Educational scholarship assistance to the Leadership House
empowerment, and environmental protection. and Baiturrahmah University Padang, Muhammadiyah Kudus
University, Darul Quran Mulia Foundation, and Baiturrahmah
The benevolent fund distribution program of Maybank Indonesia Padang University.
SBU itself focuses on five sectors, namely: 3. Assistance in providing clean water distillation equipment
1. Development of Infrastructure, Educational Facilities & at SMK Muhammadiyah 3 Pekanbaru and Umrah for some
Places of Worship; Quran recitation teachers and mosque caretakers in
2. Economic Empowerment of the underprivileged Community, collaboration with the Hiro Foundation for Goodness.
supporting community-based small businesses that adopt 4. Assistance for facilities and infrastructure as well as
sustainable business practices. mosque construction.
3. Education (Development of Outstanding and Poor Human 5. Assistance for orphans in 20 Maybank Indonesia Sharia
Resources), particularly the development of competitive Branch Offices collaboration with Baznas, Darul Quran Mulia,
underprivileged human resources to create a long-term Rumah Zakat, Tahfidzul Quran Al Abrary, Amanah Muda
impact for future generations. Indonesia, Nurul Hayat, LazisMu, Rumah Yatim, Dompet
Sosial Madani, Baitul Maal Hidayatullah, Wahdah Inspirasi
Zakat, etc.
2024 Annual Report PT Bank Maybank Indonesia Tbk 611
Page 614
Main Highlights Management Report Company Profile Management Discussion
and Analysis
6. Eid al-Adha sacrificial animal or 'Qurban' assistance in 20 Maybank Indonesia Sharia Branch Offices collaboration with BAZNAS,
Lazismu, Rumah Yatim, Dompet Sosial Madani, Rumah Zakat, Nurul Hayat, Bahrul Maghfiroh, among others.
7. Sharia Financial Literacy in several Universities like Indonesia University, Muhammadiyah Sumatera Utara, UIN Sumatera Utara,
Pamulang University, Business Institute Muhammadiyah Bekasi, and Investor Saham Pemula Community.
In addition, since 2019, PT Bank Maybank Indonesia has officially become a Zakat Collection Unit (UPZ) of Baznas (referring to the
Decree of the Chairman of the National Amil Zakat Agency Number 56 of 2019). By becoming UPZ, it is expected to support more
transparent and accountable management of zakat funds in accordance with sharia principles and governance. Melalui berbagai
program yang dijalankan, Maybank Indonesia SBU is committed not only to meeting the social needs of the community but also to
creating a long-term impact that aligns with sustainability and sharia principles. The total distribution of zakat to Baznas during 2024
amounted to Rp647,627,457.
REPORT OF SOURCES AND DISTRIBUTION OF REPORT OF SOURCES AND USE OF VIRTUAL FUNDS
ZAKAT & WAQF FUNDS PT BANK MAYBANK INDONESIA
SHARIA BUSINESS UNIT PT BANK MAYBANK INDONESIA SHARIA BUSINESS UNIT
Period: 31 December 2024 and 31 December 2023 Period : 31 December 2024 and 31 December 2023
(In million) (In million)
December December December December
No. Description No. Description
2024 2023 2024 2023
1. Beginning Balance of the 4,167 4,337
A. Source and Distribution of Zakat Funds Benevolent Fund (beginning of
1. Reception of zakat funds originating from: the year)
a. SBU Internal 655,788 537,291 2. Reception of the Fund of
Benevolence
b. External of SBU - -
a. Infaq and alms - -
c. Profit Sharing Income 61 90
b. Productive Benevolence Fund -
Total Reception 655,849 537,381 Refund 1,000
2. Distribution of Zakat Funds to Zakat Management Entities c. Penalties 6,060 4,669
a. Amil Zakat Institution - - d. Non-Halal Reception - -
b. Amil Zakat Agency 647,627 507,766 e. Others - -
c. Tax Revenue Sharing 12 18 Total Reception 6,060 5,669
d. Others 25 275 3. Use of Benevolence Funds
Total Reception 647,664 508,059 a. Fund of Benevolence Virtue - -
B. Source and Distribution of Waqf Funds b. Donation 3,257 4,781
1. Receipt of Waqf funds originating from: c. Other Uses for Public Interest 134 1,058
a. SBU Internal - - Total Uses 3,391 5,839
b. External of SBU - - 4. Increase (Decrease) of the 2,669 170
Benevolence Fund
Total Reception - -
5. Ending Balance of the 6,836 4,167
2. Distribution of Waqf funds management entities
Benevolence Fund
a. Indonesian Waqf Agency - -
b. Other Nadzir - -
c. Others - -
Total Dispensing - -
Regarding non-halal revenues, during the 2024 period, Maybank Indonesia SBU did not accept any non-halal revenues, thus there is no
disclosure of the utilisation of such income.
612 2024 Annual Report
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Governance Responsibility
Other Reports
In terms of reporting, Maybank Indonesia SBU has been supported by a reliable management information system and competent human
resources, and has an adequate IT security system hence SBU information is available accurately and on time.
Maybank Indonesia SBU has announced the Quarterly Publication of Financial Statements in accordance with applicable regulations,
namely:
• The first quarter of 2024 was published on PT Bank Maybank Indonesia Tbk website on 30 April 2024.
• Second Quarter 2024 was published on PT Bank Maybank Indonesia Tbk website on 30 July 2024.
• Third Quarter 2024 was published on PT Bank Maybank Indonesia Tbk website on 30 October 2024.
• The fourth quarter of 2024 was published on PT Bank Maybank Indonesia Tbk website and Kontan daily on 21 February 2025.
GCG SELF ASSESSMENT RESULTS
Self Assessment of GCG implementation is conducted by the Bank to measure the GCG implementation results by Maybank Indonesia
SBU for 1 (one) year as stipulated by the regulator.
The aspects assessed and the rating results are as follows:
2024
No. Factor Weight Ratings Value
(a) (b) (a) x (b)
1 Implementation of the duties and responsibilities of the SBU Director 35% 1,17 0,41
2 Implementation of the duties and responsibilities of the Sharia
Supervisory Board 20% 1,06 0,21
3 Implementation of Sharia principles in fund raising and distribution
activities as well as services 10% 1,40 0,14
4 Distribution of funds to core financing customers and depositing of funds
by core depositors 10% 1,50 0,15
5 Transparency of financial and non-financial conditions, reports on the
implementation of corporate governance and internal reporting 25% 1,33 0,33
Composite Value 1,24
Composite Rating Very Good
Composite Value Composite Predicate
Composite Value < 1,5 Very Good
1,5 ≤ Composite Value < 2,5 Good
2,5 ≤ Composite Value < 3,5 Fair
3,5 ≤ Composite Value < 4,5 Poor
4,5 ≤ Composite Value ≤ 5 Bad
From the assessment of all GCG implementation factors mentioned above, the composite score and predicate of the implementation
of corporate governance (GCG) by PT Bank Maybank Indonesia Tbk SBU in 2024 are 1.24 (VERY GOOD), according to the assigned
composite rating.
2024 Annual Report PT Bank Maybank Indonesia Tbk 613
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
GENERAL CONCLUSION OF GCG WEAKNESSES AND STRENGTHS OF GCG
IMPLEMENTATION BASED ON SELF- IMPLEMENTATION IN GENERAL
ASSESSMENT RESULTS The rapid business development and market expansion as well
Based on the self-assessment method and stages above, as dynamic changes in macroeconomic conditions during the
Maybank SBU GCG implementation conclusion and ratings for period of this GCG report is a challenge in itself, especially so
each factor are as follows: that all levels of Maybank SBU can immediately improve the
1. Implementation of the Duties and Responsibilities of the implementation of GCG principles from the previous period, so
Board of Directors that the bank’s business and operational activities are always
The SBU Director of PT Bank Maybank Indonesia Tbk has in line with the provisions of applicable laws and regulations.
high competence and commitment in the development of However, the dynamics of internal and external can have an
Maybank SBU by fully implementing the Leveraged Business impact on the high risk and magnitude of challenges in the
Model and Shariah First at PT Bank Maybank Indonesia Tbk. implementation of Maybank SBU GCG. However, the active
commitment of the Board of Directors, Board of Commissioners
The SBU Director always carries out his duties and and SSB along with all other Maybank SBU stakeholders is an
responsibilities prudently by referring to good corporate important asset to continue to improve GCG implementation
governance in accordance with applicable regulations. The from time to time.
duties & responsibilities of the SBU Director have also been
outlined in the SGF. IMPLEMENTATION OF GCG IN THE
PREVIOUS PERIOD
The rating for this factor is 1. In the implementation of GCG Maybank SBU in 2024, Maybank
SBU consistently maintains the "VERY GOOD" predicate, with a
2. Implementation of the Duties and Responsibilities of composite score of 1.24, remain unchanged from the composite
Shariah Supervisory Board score of GCG Maybank SBU in 2023. This consistent score is
The SSB carries out its duties and responsibilities in maintained thanks to the commitment and consistency in GCG
accordance with applicable regulations. The duties and implementation carried out by all levels within Maybank SBU,
responsibilities of SSB are set out in the SGF. continuously and sustainably, across all bank business and
operational activities.
The rating for this factor is 1.
FOLLOW-UP AND IMPROVEMENT PLAN
3. Implementation of Sharia Principles in Fundraising and The implementation of Good Corporate Governance (GCG)
Distribution of Funds and Services cannot be separated from a continuous process to provide the
Products launched by Maybank Indonesia SBU, both same understanding at every level of the organisation. Therefore,
collection and distribution of funds as well as Sharia services GCG implementation must be integrated into the corporate
have been reviewed by SSB and received SSB opinions and culture that becomes the soul of all parties in Maybank SBU.
are in accordance with the Fatwa of DSN-MUI and their
activities are always supervised by SSB. Maybank SBU will consistently improve and develop good
corporate governance so that it can provide benefits of
The rating for this factor is 1. sustainable growth and optimal returns as expected by all
Maybank SBU stakeholders through business management
4. Fund Distribution to Core Financing Customers and Fund that adheres to GCG principles: Transparency, Accountability,
Deposits by Core Depositors Responsibility, Independence and Fairness.
Maybank SBU has applied the precautionary principle in the
distribution of funds to customers has been carried out in Thus the Maybank Indonesia SBU GCG Implementation Report is
accordance with applicable regulations. submitted for proper use.
The rating for this factor is 2.
5. Transparency of Sharia Business Unit Conditions, GCG
Reports and Internal Reports
Maybank SBU has announced the Quarterly Published
Financial Statements and GCG Implementation Report in
accordance with applicable regulations. Maybank Indonesia
SBU business activities are also reported to OJK and
presented through the Bank’s Annual Report. In addition,
SBU has internal reporting supported by an adequate
Management Information System (SIM) owned by the Bank.
The rating for this factor is 1.
614 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
Approval Sheet
PT Bank Maybank Indonesia Tbk
DIRECTOR
Romy Hardiansyah
SBU Director
SHARIAH SUPERVISORY BOARD
Dr. KH. M. Saad Ih M.A. Prof. Dr. H. Ahmad Satori Dr. KH. Sodikun M.Si, M.E.
Chairman Ismail M.A. Member
Member
2024 Annual Report PT Bank Maybank Indonesia Tbk 615
Page 618
Breaking fast together and providing assistance to orphans highlight the spirit of ‘One Team, One Direction, New Energy’, which strengthens corporate bonds while increasing Maybank Indonesia’s concern for the community and the surrounding environment.
Page 619
619 Foundation for the Implementation of Corporate
Social Responsibility (CSR)
619 Implementation of Sustainable Finance in Realising
Corporate Social Responsibility
620 Sustainability Achievements in 2024
622 Economic, Environmental, and Social Performance
Corporate
Social
Responsibility
Page 620
Main Highlights Management Report Company Profile Management Discussion
and Analysis
Corporate Social
Responsibility
Every financial step we take is an investment in a more
sustainable future.
618 2024 Annual Report
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Governance Responsibility
Foundation for the Implementation of Implementation of Sustainable Finance in
Corporate Social Responsibility (CSR) Realising Corporate Social Responsibility
As an integral part of society, Maybank Indonesia recognises Maybank Indonesia demonstrates its commitment to
its responsibility to enhance social welfare and preserve the sustainability through the implementation of sustainable
environment. Business success is not solely measured by finance, ensuring that every financing decision does not support
financial performance but also by the positive contributions activities that harm the environment or have negative social
made to society and the environment. Therefore, investment impacts. As a financial services institution, Maybank Indonesia
in social development and community empowerment remains adopts sustainable finance principles in alignment with Law No.
a priority, not only to strengthen the company’s reputation but 32 of 2009 on Environmental Protection and Management, as
also to foster stronger relationships with all stakeholders. well as Financial Services Authority Regulation (POJK) No. 51/
POJK.03/2017 on the Implementation of Sustainable Finance for
Maybank Indonesia is committed to implementing Corporate Financial Services Institutions, Issuers, and Public Companies.
Responsibility (CR) as a foundation for building a sustainable
economy by balancing social and environmental aspects. This We recognise that the financial sector plays a crucial role in
commitment underpins the implementation of Corporate driving the transition towards a greener and more inclusive
Social Responsibility (CSR) initiatives and efforts to develop a economy. Through sustainable financial products and
sustainable business. The objective is to achieve economic and services, we strive to support projects that generate positive
social well-being for all levels of society while protecting and environmental and social impacts, particularly those categorised
managing the environment responsibly. under the Sustainable Business Activities (KKUB), while also
implementing community empowerment programmes. Our
The implementation of Maybank Indonesia’s Corporate community empowerment initiatives include programmes for
Responsibility (CR) aligns with the mission of “Humanising women’s empowerment, support for persons with disabilities,
Financial Services” and is based on prevailing laws and tree planting, scholarship provision, as well as financial literacy
regulations, particularly Law No. 40 of 2007 on Limited Liability and inclusion programmes.
Companies, as well as other provisions governing the execution
of Corporate Social Responsibility (CSR) and Corporate Details of the Bank’s Corporate Social Responsibility (CSR)
Responsibility (CR) initiatives. activities are presented in the 2024 Sustainability Report. This
report is published separately but concurrently with the Annual
Report, in accordance with the guidelines set out in SEOJK 16/
SEOJK.04/2021. The information contained within the Annual
Report and the Sustainability Report forms an inseparable and
complementary part of the Bank’s disclosure.
2024 Annual Report PT Bank Maybank Indonesia Tbk 619
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
The following discussion outlines Maybank Indonesia’s sustainability performance achievements for the 2024 reporting period.
Sustainability Achievements in 2024
01 Operating and Economic Performance
Rp 1,589 Rp 1,116 Rp 119,004 Rp 127,581
billion billion billion billion
Operating income after Net profit after tax Customer deposits Loans disbursed
provisions and non-controlling
interests
22.1 17.1 19.4%
1,270
Rp Rp
Percentage of total
trllion trllion sustainable business
Financing under the MSME loan activity category (KKUB) local suppliers
sustainable business disbursement financing portfolio to
activities category total financing portfolio
(KKUB) criteria
02 Environmental Performance
9,550 11,074,382
trees sheets
Number of trees Paper usage reduction
planted (2022-2024) Includes data from WOM Finance
and Maybank Indonesia Finance
620 2024 Annual Report
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Functional Review Good Corporate Corporate Social Consolidated Financial Statements
Governance Responsibility
03 Operational and Community Performance
4,781 10,206 Rp 7.3
people people billion
Number of female Total number of Corporate
employees employees in 2024 Responsibility Fund
Rp 1.5 12,130
trillion people
MSME financing beneficiaries of R.I.S.E
disbursed to 2.0 programme
underprivileged women
02 Governance Performance
Zero Rp 95.5 16,800
billion participants
incidents of corruption Employee training and Sustainability-related
development fund training
realisation
2024 Annual Report PT Bank Maybank Indonesia Tbk 621
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Economic, Environmental, and Social Performance
Economic Performance (Rp trillion)
Description 2024 2023 2022
Third-party funds 119.41 116.00 106.00
Net interest and Shariah income 7.11 7.23 6.98
Other Operating Income 2.39 2.04 1.68
Total Loans 127.58 116.00 107.82
Environmental Performance
Description Unit 2024 2023 2022
Fuel (BBM) Usage GJ 34,632 34,310 32,976
Electricity Consumption GJ 121,101 123,562 121,438
Water Usage Megaliter 104.24 117.89 69.7
Social Performance
Description Unit 2024 2023 2022
Women in Board of Commissioners and Board of Directors
% 20.00 13.95 13.47
positions
Women at managerial level % 27.56 26.09 26.11
Women workers compared to total workers % 46.84 46.60 45.85
Number of training hours Hours 594,583 580,619 420,968
Employee education and training Rp billion 95.5 103.2 67.4
Realisation of CSR funds Rp billion 7.3 5.4 4.5
622 2024 Annual Report
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Governance Responsibility
The Vibrant and Beautiful Art of Indonesian Children
A uniquely meaningful painting by a children of Bali beautifully captures the
spirit of the Maybank Marathon in Bali, themed ‘Marathon of Kindness’. The
graceful figure of a Balinese woman adorned in a Gelungan Jenger, symbolises
the rich cultural heritage of Bali as the host of the event. At its heart, a map
of Bali is nestled within the world map, surrounded by figures representing
the warm spirit of the Balinese people welcoming participants from all over
the world. This painting emphasises that the Maybank Marathon is not
merely a sporting event, but a platform to spread kindness—touching the
socio-cultural, humanitarian and environmental fields. A harmonious blend
of culture, sports and socio-environmental responsibility, it unites both body
and soul. The spirit of kindness intertwines with the beauty of Bali, fostering
deeper connections, preserves the environment, and drives the local
economy—transforming the Maybank Marathon into an event that embodies
not only competition but also a “Marathon of Kindness”.
One of the key activities in Maybank Indonesia’s financial literacy and
inclusion programme is the creation of inspirational posters. This painting
potrays a group of eager students embracing financial literacy and inclusion
education. They are the next generation of the nation, studying and striving
to achieve their dreams. More than just a piece of art, this painting reflects
the children’s passion for growth and learning. They believe that through
saving and education, they can achieve their dreams and build a brighter
future.
With the theme ‘Negeri di Atas Awan’, Maybank Indonesia invites elementary
school children to learn together, enhancing financial literacy and inclusion
from an early age. One of the colourful and meaningful paintings created
by participating students reflects the spirit of this event More than just a
competition, this activity serves as an educational journey to instil the habit
of saving and guide children on an adventure in financial management. The
image of students with bright smiles captures their enthusiasm and belief
that saving and managing money wisely is the first step toward achieving
their dreams. Together with Maybank Indonesia, the children of Indonesia
are being guided to become a financially savvy and independent generation,
managing their finances wisely from a young age.
2024 Annual Report PT Bank Maybank Indonesia Tbk 623
Page 626
Page 627
PT Bank Maybank Indonesia Tbk Consolidated Financial Statements 2024
Page 628
Page 629
Page 630
The original consolidated financial statements included herein are in
the Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL
TANGGAL 31 DESEMBER 2024 STATEMENTS AS OF DECEMBER 31, 2024
DAN UNTUK TAHUN YANG BERAKHIR PADA AND FOR THE YEAR THEN
TANGGAL TERSEBUT BESERTA ENDED WITH INDEPENDENT
LAPORAN AUDITOR INDEPENDEN AUDITOR’S REPORT
Daftar Isi Table of Contents
Halaman/Pages
Laporan Auditor Independen……………. …………… ………………Independent Auditor’s Report
Consolidated Statement of
Laporan Posisi Keuangan Konsolidasian …………… 1-4 ……………………. Financial Position
Laporan Laba Rugi dan Penghasilan Consolidated Statement of Profit or Loss
Komprehensif Lain Konsolidasian ...................... 5-6 …. and Other Comprehensive Income
Consolidated Statement of
Laporan Perubahan Ekuitas Konsolidasian............... 7-8 ................................Changes in Equity
Consolidated Statement of
Laporan Arus Kas Konsolidasian…………………….. 9-10 …………………………….. Cash Flows
Catatan atas Laporan Keuangan Notes to the Consolidated Financial
Konsolidasian……………………………………… 11-322 ……………………………. Statements
***************************
Page 631
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen Independent Auditor’s Report
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 2/1/II/2025
Pemegang Saham, Dewan Komisaris, dan Direksi The Shareholders, the Board of Commissioners
PT Bank Maybank Indonesia Tbk. and Directors
PT Bank Maybank Indonesia Tbk.
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT Bank Maybank Indonesia Tbk. financial statements of PT Bank Maybank Indonesia
(“Bank”) dan entitas anaknya (secara kolektif Tbk. (the “Bank”) and its subsidiaries (collectively
disebut sebagai “Grup”) terlampir, yang terdiri referred to as the “Group”), which comprise the
dari laporan posisi keuangan konsolidasian consolidated statement of financial position as of
tanggal 31 Desember 2024, serta laporan laba December 31, 2024, and the consolidated
rugi dan penghasilan komprehensif lain statement of profit or loss and other
konsolidasian, laporan perubahan ekuitas comprehensive income, consolidated statement of
konsolidasian, dan laporan arus kas konsolidasian changes in equity, and consolidated statement of
untuk tahun yang berakhir pada tanggal tersebut, cash flows for the year then ended, and notes to
serta catatan atas laporan keuangan the consolidated financial statements, including
konsolidasian, termasuk informasi kebijakan material accounting policy information.
akuntansi material.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar, financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan respects, the consolidated financial position of the
konsolidasian Grup tanggal 31 Desember 2024, Group as of December 31, 2024, and its
serta kinerja keuangan dan arus kas consolidated financial performance and cash flows
konsolidasiannya untuk tahun yang berakhir pada for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar Indonesian Financial Accounting Standards.
Akuntansi Keuangan di Indonesia.
i
Page 632
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Basis opini Basis for opinion
Kami melaksanakan audit kami berdasarkan We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan (“IICPA”). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan Responsibilities for the Audit of the Consolidated
Konsolidasian pada laporan kami. Kami Financial Statements paragraph of our report.
independen terhadap Grup berdasarkan We are independent of the Group in accordance
ketentuan etika yang relevan dalam audit kami with the ethical requirements relevant to our
atas laporan keuangan konsolidasian di Indonesia, audit of the consolidated financial statements
dan kami telah memenuhi tanggung jawab etika in Indonesia, and we have fulfilled our other
lainnya berdasarkan ketentuan tersebut. Kami ethical responsibilities in accordance with such
yakin bahwa bukti audit yang telah kami peroleh requirements. We believe that the audit evidence
adalah cukup dan tepat untuk menyediakan suatu we have obtained is sufficient and appropriate to
basis bagi opini kami. provide a basis for our opinion.
Hal audit utama Key audit matter
Hal audit utama adalah hal-hal yang, menurut Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal- professional judgment, were of most significance in
hal paling signifikan dalam audit kami atas laporan our audit of the consolidated financial statements
keuangan konsolidasian periode kini. Hal audit of the current period. Such key audit matters were
utama tersebut disampaikan dalam konteks audit addressed in the context of our audit of the
kami atas laporan keuangan konsolidasian secara consolidated financial statements taken as a whole
keseluruhan dan dalam merumuskan opini kami and in forming our opinion thereon, and we do not
atas laporan keuangan konsolidasian terkait, dan provide a separate opinion on such key audit
kami tidak menyatakan suatu opini terpisah atas matters. For the key audit matter below, our
hal audit utama tersebut. Untuk hal audit utama description of how our audit addressed such key
di bawah ini, penjelasan kami tentang bagaimana audit matter is provided in such context.
audit kami merespons hal tersebut disampaikan
dalam konteks tersebut.
ii
Page 633
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Kami telah memenuhi tanggung jawab yang We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk our report, including in relation to the key audit
sehubungan dengan hal audit utama yang matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu, audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas of material misstatement of the accompanying
risiko kesalahan penyajian material dalam laporan consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan performed to address the key audit matter below,
untuk merespons hal audit utama di bawah ini, provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan accompanying consolidated financial statements.
keuangan konsolidasian terlampir.
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah sharia receivables/financing and consumer
dan piutang pembiayaan konsumen financing receivables
Penjelasan atas hal audit utama: Description of key audit matter:
Seperti yang dijelaskan dalam Catatan 12 dan 13 As described in Note 12 and 13 to the
atas laporan keuangan konsolidasian, pada accompanying consolidated financial statements,
tanggal 31 Desember 2024, cadangan kerugian as of December 31, 2024, the allowance for
penurunan nilai atas kredit yang diberikan impairment losses on loans and sharia receivables/
dan piutang/pembiayaan syariah dan piutang financing and consumer financing receivables was
pembiayaan konsumen adalah masing-masing Rp3,902,938 million and Rp116,486 million,
sebesar Rp3.902.938 juta dan Rp116.486 juta. respectively. The material accounting policy
Informasi kebijakan akuntansi material atas information of allowance on impairment losses are
cadangan kerugian penurunan nilai diungkapkan disclosed in Note 2 to the accompanying
dalam Catatan 2 dalam laporan keuangan consolidated financial statements.
konsolidasian terlampir.
Kami fokus pada area ini karena nilai tercatat We focused on this area because the carrying value
atas kredit yang diberikan dan piutang/ of loans and sharia receivables/financing and
pembiayaan syariah dan piutang pembiayaan consumer financing receivables and the related
konsumen dan cadangan kerugian penurunan allowances are significant to the Group’s
nilai terkait adalah signifikan terhadap laporan accompanying consolidated financial statements.
keuangan konsolidasian Grup terlampir.
iii
Page 634
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah sharia receivables/financing and consumer
dan piutang pembiayaan konsumen (lanjutan) financing receivables (continued)
Penentuan cadangan kerugian penurunan nilai Determination of allowance for impairment losses
memerlukan pertimbangan dan memiliki requires judgement and is subject to estimation
ketidakpastian estimasi yang mencakup uncertainty which includes determining the model
penentuan model untuk menghitung cadangan to calculate allowance for impairment losses,
kerugian penurunan nilai, identifikasi eksposur identification of credit exposures with significant
kredit yang mengalami penurunan kualitas kredit deterioration in credit quality, and determining
yang signifikan, dan penentuan asumsi yang assumptions used in the allowance for impairment
digunakan dalam model perhitungan cadangan losses calculation models (for exposures assessed
kerugian penurunan nilai (untuk eksposur yang on an individual or collective basis), including
dinilai secara individu atau kolektif), termasuk forward-looking macroeconomics factors.
faktor ekonomi makro masa depan.
Respons audit: Audit response:
Kami menguji pengendalian utama atas We tested the key controls over the origination,
pemberian, segmentasi, penilaian kualitas kredit segmentation, regular internal credit quality
internal secara regular, pencatatan dan assessments, recording and monitoring of the
pengawasan kredit yang diberikan dan loans and sharia receivables/financing and
piutang/pembiayaan syariah dan piutang consumer financing receivables. We obtained
pembiayaan konsumen. Kami memeroleh understanding and assessed impairment
pemahaman dan menilai metodologi pengukuran measurement methodologies, validation of
penurunan nilai, validasi model cadangan allowance for impairment losses models, inputs,
kerugian penurunan nilai, dan data masukan, bases and assumptions used by the Group in
dasar dan asumsi yang digunakan oleh Grup dalam calculating the allowance for impairment losses,
menghitung cadangan kerugian penurunan nilai, and tested the classification into three stage credit
serta menguji tiga tahapan kualitas kredit quality of loan portfolios in accordance with staging
portofolio sesuai dengan kriteria tingkatan criteria developed by the Group for loans and
(staging) yang disusun oleh Grup untuk kredit consumer financing receivables. We tested
yang diberikan dan piutang pembiayaan whether historical experience is representative of
konsumen. Kami menguji apakah pengalaman current circumstances and of the recent losses
historis mewakili keadaan saat ini dan kerugian incurred in the portfolios, and assessed
terkini yang terjadi dalam portofolio, serta menilai reasonableness of forward-looking adjustments,
kewajaran atas penyesuaian asumsi masa depan, macroeconomic factor analysis, and probability-
analisis faktor ekonomi makro, dan beberapa weighted multiple scenarios for loans and
skenario probabilitas tertimbang untuk kredit yang consumer financing receivables.
diberikan dan piutang pembiayaan konsumen.
iv
Page 635
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Hal audit utama (lanjutan) Key audit matter (continued)
Cadangan kerugian penurunan nilai atas kredit Allowance for impairment losses on loans and
yang diberikan dan piutang/pembiayaan syariah sharia receivables/financing and consumer
dan piutang pembiayaan konsumen (lanjutan) financing receivables (continued)
Respons audit: (lanjutan) Audit response: (continued)
Untuk cadangan kerugian penurunan nilai yang With respect to individually assessed allowance for
dinilai secara individual, kami menguji sampel impairment losses, we tested a sample of loans and
kredit yang diberikan dan piutang/pembiayaan sharia receivables/financing to evaluate the timely
syariah untuk mengevaluasi ketepatan waktu identification by the Group of exposures with
Grup dalam melakukan identifikasi eksposur yang significant deterioration in credit quality or those
mengalami penurunan kualitas kredit yang which have been impaired; for cases where
signifikan atau yang telah mengalami penurunan impairment has been identified, we assessed the
nilai; untuk kasus-kasus di mana penurunan nilai Group’s assumptions on the expected future cash
telah diidentifikasi, kami menilai asumsi Grup flows, including the value of realizable collateral
atas arus kas masa depan yang akan diterima, based on available market information or valuation
termasuk nilai agunan yang dapat direalisasikan prepared by independent valuer. We checked the
berdasarkan informasi pasar yang tersedia atau accuracy of the calculation of the allowance for
penilaian yang dilakukan oleh penilai independen. impairment losses amount by recalculating the
Kami memeriksa keakurasian perhitungan jumlah collective impairment assessment for the entire
cadangan kerugian penurunan nilai dengan portfolio and recalculating the individual
melakukan perhitungan ulang atas keseluruhan impairment assessment on a sample basis. We
portofolio yang penurunan nilainya dinilai secara assessed whether the financial statement
kolektif dan melakukan perhitungan ulang atas disclosures are adequately and appropriately
penurunan nilai yang dinilai secara individual reflecting the Group’s exposures to credit risk. We
berdasarkan sampel. Kami menilai apakah involved our auditors’ internal expert to assist us in
pengungkapan di laporan keuangan cukup dan the performance of the above procedures where
secara memadai mencerminkan eksposur Grup their specific expertise was required.
terhadap risiko kredit. Kami melibatkan pakar
auditor internal kami untuk membantu kami
dalam melakukan prosedur-prosedur di atas
ketika keahlian spesifik mereka diperlukan.
Informasi lain Other information
Manajemen bertanggung jawab atas informasi Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang information. Other information comprises the
tercantum dalam Laporan Tahunan Tahun 2024 information included in the Annual Report Year
(“Laporan Tahunan”) selain laporan keuangan 2024 (the “Annual Report”) other than the
konsolidasian terlampir dan laporan auditor accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan and our independent auditors’ report thereon. The
akan tersedia bagi kami setelah tanggal laporan Annual Report is expected to be made available to
auditor independen ini. us after the date of this independent auditors’
report.
v
Page 636
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Informasi lain (lanjutan) Other information (continued)
Opini kami atas laporan keuangan konsolidasian Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan form of assurance on the Annual Report.
tersebut.
Sehubungan dengan audit kami atas laporan In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung consolidated financial statements, our
jawab kami adalah untuk membaca Laporan responsibility is to read the Annual Report when it
Tahunan dan, dalam melaksanaannya, becomes available and, in doing so, consider
mempertimbangkan apakah Laporan Tahunan whether the Annual Report is materially
mengandung ketidakkonsistensian material inconsistent with the accompanying consolidated
dengan laporan keuangan konsolidasian financial statements or our knowledge obtained in
terlampir atau pemahaman yang kami peroleh the audit, or otherwise appears to be materially
selama audit, atau mengandung kesalahan misstated.
penyajian material.
Ketika kami membaca Laporan Tahunan, jika When we read the Annual Report, if we conclude
kami menyimpulkan bahwa terdapat suatu that there is a material misstatement therein, we
kesalahan penyajian material di dalamnya, kami are required to communicate the matter to those
diharuskan untuk mengomunikasikan hal charged with governance and take appropriate
tersebut kepada pihak yang bertanggung jawab actions based on the applicable laws and
atas tata kelola dan melakukan tindakan yang regulations.
tepat berdasarkan peraturan perundang-
undangan yang berlaku.
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the consolidated
laporan keuangan konsolidasian financial statements
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan fair presentation of such consolidated financial
konsolidasian tersebut sesuai dengan Standar statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh control as management determines is necessary to
manajemen untuk memungkinkan penyusunan enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas dari statements that are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.
vi
Page 637
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Tanggung jawab manajemen dan pihak yang Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap charged with governance for the consolidated
laporan keuangan konsolidasian (lanjutan) financial statements (continued)
Dalam penyusunan laporan keuangan In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab management is responsible for assessing the
untuk menilai kemampuan Grup dalam Group’s ability to continue as a going concern,
mempertahankan kelangsungan usahanya, disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, concern, and using the going concern basis of
hal-hal yang berkaitan dengan kelangsungan accounting, unless management either intends to
usaha, dan menggunakan basis akuntansi liquidate the Group or to cease its operations or has
kelangsungan usaha, kecuali manajemen memiliki no realistic alternative but to do so.
intensi untuk melikuidasi Grup atau menghentikan
operasi atau tidak memiliki alternatif yang
realistis selain melaksanakannya.
Pihak yang bertanggung jawab atas tata kelola Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses overseeing the Group’s financial reporting process.
pelaporan keuangan Grup.
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian consolidated financial statements
Tujuan kami adalah untuk memeroleh keyakinan Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari statements taken as a whole are free from material
kesalahan penyajian material, baik yang misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan, to issue an independent auditors’ report that
dan untuk menerbitkan laporan auditor includes our opinion. Reasonable assurance is a
independen yang mencakup opini kami. Keyakinan high level of assurance, but is not a guarantee that
memadai merupakan suatu tingkat keyakinan an audit conducted in accordance with Standards
tinggi, namun bukan merupakan suatu jaminan on Auditing established by the IICPA will always
bahwa audit yang dilaksanakan berdasarkan detect a material misstatement when it exists.
Standar Audit yang ditetapkan oleh IAPI akan Misstatements can arise from fraud or error and
selalu mendeteksi kesalahan penyajian material are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun influence the economic decisions of users taken on
kesalahan dan dianggap material jika, baik secara the basis of such consolidated financial statements.
individual maupun agregat, dapat diekspektasikan
secara wajar akan memengaruhi keputusan
ekonomi yang dibuat oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.
vii
Page 638
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan) consolidated financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga:
Mengidentifikasi dan menilai risiko kesalahan Identify and assess the risks of material
penyajian material dalam laporan keuangan misstatement of the consolidated financial
konsolidasian, baik yang disebabkan oleh statements, whether due to fraud or error,
kecurangan maupun kesalahan, mendesain design and perform audit procedures
dan melaksanakan prosedur audit yang responsive to such risks, and obtain audit
responsif terhadap risiko tersebut, serta evidence that is sufficient and appropriate to
memeroleh bukti audit yang cukup dan tepat provide a basis for our opinion. The risk of not
untuk menyediakan basis bagi opini kami. detecting a material misstatement resulting
Risiko tidak terdeteksinya suatu kesalahan from fraud is higher than for one resulting from
penyajian material yang disebabkan oleh error, as fraud may involve collusion, forgery,
kecurangan lebih tinggi daripada yang intentional omissions, misrepresentations, or
disebabkan oleh kesalahan, karena override of internal control.
kecurangan dapat melibatkan kolusi,
pemalsuan, penghilangan secara sengaja,
pernyataan salah, atau pengabaian atas
pengendalian internal.
Memeroleh suatu pemahaman tentang Obtain an understanding of internal control
pengendalian internal yang relevan dengan relevant to the audit in order to design audit
audit untuk mendesain prosedur audit yang procedures that are appropriate in the
tepat sesuai dengan kondisinya, tetapi bukan circumstances, but not for the purpose of
untuk tujuan menyatakan suatu opini atas expressing an opinion on the effectiveness of
keefektivitasan pengendalian internal Grup. the Group’s internal control.
Mengevaluasi ketepatan kebijakan akuntansi Evaluate the appropriateness of accounting
yang digunakan serta kewajaran estimasi policies used and the reasonableness of
akuntansi dan pengungkapan terkait yang accounting estimates and related disclosures
dibuat oleh manajemen. made by management.
viii
Page 639
The original report included herein is in the Indonesian
language.
Laporan Auditor Independen (lanjutan) Independent Auditor’s Report (continued)
Laporan No. 00075/2.1032/AU.1/07/0703- Report No. 00075/2.1032/AU.1/07/0703-
2/1/II/2025 (lanjutan) 2/1/II/2025 (continued)
Tanggung jawab auditor terhadap audit atas Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan) consolidated financial statements (continued)
Sebagai bagian dari suatu audit berdasarkan As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan professional judgment and maintain professional
mempertahankan skeptisisme profesional selama skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan) (continued)
Menyimpulkan ketepatan penggunaan basis Conclude on the appropriateness of
akuntansi kelangsungan usaha oleh management's use of the going concern basis
manajemen dan, berdasarkan bukti audit of accounting and, based on the audit evidence
yang diperoleh, apakah terdapat suatu obtained, whether a material uncertainty
ketidakpastian material yang terkait dengan exists related to events or conditions that may
peristiwa atau kondisi yang dapat cast significant doubt on the Group's ability to
menyebabkan keraguan signifikan atas continue as a going concern. If we conclude
kemampuan Grup untuk mempertahankan that a material uncertainty exists, we are
kelangsungan usahanya. Ketika kami required to draw attention in our independent
menyimpulkan bahwa terdapat suatu auditors’ report to the related disclosures in
ketidakpastian material, kami diharuskan the consolidated financial statements or, if
untuk menarik perhatian dalam laporan such disclosures are inadequate, to modify our
auditor independen kami ke pengungkapan opinion. Our conclusion is based on the audit
terkait dalam laporan keuangan evidence obtained up to the date of our
konsolidasian atau, jika pengungkapan independent auditors’ report. However, future
tersebut tidak memadai, memodifikasi opini events or conditions may cause the Group to
kami. Kesimpulan kami didasarkan pada cease to continue as a going concern.
bukti audit yang diperoleh hingga tanggal
laporan auditor independen kami. Namun,
peristiwa atau kondisi masa depan dapat
menyebabkan Grup tidak dapat
mempertahankan kelangsungan usaha.
Mengevaluasi penyajian, struktur, dan isi Evaluate the overall presentation, structure,
laporan keuangan konsolidasian secara and content of the consolidated financial
keseluruhan, termasuk pengungkapannya, statements, including the disclosures, and
dan apakah laporan keuangan whether the financial statements represent
mencerminkan transaksi dan peristiwa yang the underlying transactions and events in a
mendasarinya dengan suatu cara yang manner that achieves fair presentation.
mencapai penyajian wajar.
Memeroleh bukti audit yang cukup dan tepat Obtain sufficient appropriate audit evidence
mengenai informasi keuangan entitas atau regarding the financial information of the
aktivitas bisnis dalam Grup untuk entities or business activities within the Group
menyatakan opini atas laporan keuangan to express an opinion on the consolidated
konsolidasian. Kami bertanggung jawab atas financial statements. We are responsible for
arahan, supervisi, dan pelaksanaan audit the direction, supervision, and performance of
grup. Kami tetap bertanggung jawab the group audit. We remain solely responsible
sepenuhnya atas opini audit kami. for our audit opinion.
ix
Page 640
Page 641
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN FINANCIAL POSITION
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2024 2023
ASET ASSETS
Kas 2a,2c,2d,4 1.861.870 1.570.030 Cash
Giro pada Bank Indonesia 2a,2c,2d,2e,2f,5 10.696.358 8.152.106 Current accounts with Bank Indonesia
Giro pada bank lain 2a,2c,2d,2f,2o,6 Current accounts with other banks
Pihak berelasi 2ae,44 60.915 96.818 Related parties
Pihak ketiga 2.511.034 2.097.274 Third parties
2.571.949 2.194.092
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1.108) (1.810) impairment losses
Giro pada bank lain - neto 2.570.841 2.192.282 Current accounts with other banks - net
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 2a,2c,2d,2g,2o,7 2.998.966 2.496.502 and other banks
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - (2.016) impairment losses
Penempatan pada Bank Placements with
Indonesia dan bank lain - neto 2.998.966 2.494.486 Bank Indonesia and other banks - net
Efek-efek yang diperdagangkan 2c,2d,2h,8 1.941.629 1.297.687 Trading securities
Investasi keuangan 2b,2c,2d,2i,2o,9 Financial investments
Pihak berelasi 2ae,44 159.504 159.504 Related parties
Pihak ketiga 39.992.676 30.592.470 Third parties
40.152.180 30.751.974
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1.015) (397) impairment losses
Investasi keuangan - neto 40.151.165 30.751.577 Financial investments - net
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 2d,2j,2o,10 839.475 2.338.176 resale agreement
Dikurangi: Pendapatan bunga
yang belum diamortisasi (1.052) (5.054) Less: Unamortized interest
838.423 2.333.122
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (147) (50) impairment losses
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali - neto 838.276 2.333.072 resale agreement - net
Tagihan derivatif 2c,2d,2k,11 Derivatives receivable
Pihak berelasi 2ae,44 446.622 273.660 Related parties
Pihak ketiga 934.809 707.331 Third parties
1.381.431 980.991
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
1
2024 Annual Report PT Bank Maybank Indonesia Tbk 639
Page 642
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2024 2023
ASET (lanjutan) ASSETS (continued)
Kredit yang diberikan dan 2c,2d, Loans and
piutang/pembiayaan Syariah 2l,2o,12 Sharia receivables/financing
Pihak berelasi 2ae,44 143.478 251.301 Related parties
Pihak ketiga 120.245.103 107.804.976 Third parties
120.388.581 108.056.277
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.902.938) (3.376.813) impairment losses
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah - neto 116.485.643 104.679.464 receivables/financing - net
Piutang pembiayaan Consumer financing
konsumen 2d,2n,2o,13 9.354.522 10.206.593 receivables
Dikurangi: Less:
Pendapatan pembiayaan Unearned consumer financing
konsumen yang belum diakui (2.162.088) (2.260.864) receivables
7.192.434 7.945.729
Cadangan kerugian Allowance for impairment
penurunan nilai (116.486) (145.288) losses
Piutang pembiayaan Consumer financing
konsumen - neto 7.075.948 7.800.441 receivables - net
Tagihan akseptasi 2c,2d,2m,2o,14 1.574.241 786.695 Acceptances receivable
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.176) (1.065) impairment losses
Tagihan akseptasi - neto 1.571.065 785.630 Acceptances receivable - net
Aset pajak tangguhan 2aa,24c 613.076 690.557 Deferred tax assets
Aset tetap dan aset hak-guna 2p,15a,15b 6.539.418 6.305.171 Fixed assets and right-of-use assets
Dikurangi: Akumulasi penyusutan (2.547.206) (2.476.947) Less: Accumulated depreciation
Aset tetap dan aset hak-guna - neto 3.992.212 3.828.224 Fixed assets and right-of-use assets - net
Aset tidak berwujud - neto 2b,2c,2q,16 366.361 363.624 Intangible assets - net
Beban dibayar dimuka dan 2c,2d,2o,2r, Prepayments and
aset lain-lain 2s,2y,17 other assets
Pihak berelasi 2ae,44 146.128 109.246 Related parties
Pihak ketiga 4.742.412 4.026.030 Third parties
4.888.540 4.135.276
Dikurangi: Less:
Cadangan kerugian Allowance for impairment
penurunan nilai (79.658) (85.115) losses
Cadangan kerugian (173.901) (167.262) Allowance for possible losses
Beban dibayar dimuka dan Prepayments and
aset lain-lain - neto 4.634.981 3.882.899 other assets - net
JUMLAH ASET 49b 197.179.822 171.803.070 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
2
640 2024 Annual Report
Page 643
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2024 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 2c,2d,2t,18 Obligations due immediately
Pihak berelasi 2ae,44 1.014 1.775 Related parties
Pihak ketiga 1.069.561 1.074.823 Third parties
1.070.575 1.076.598
Simpanan nasabah 2c,2d,2u,19 Deposits from customers
Pihak berelasi 2ae,44 404.298 407.559 Related parties
Pihak ketiga 118.599.593 115.094.949 Third parties
119.003.891 115.502.508
Simpanan dari bank lain 2c,2d,2v,20 Deposits from other banks
Pihak berelasi 2ae,44 2.914.963 1.439.158 Related parties
Pihak ketiga 3.105.294 3.343.738 Third parties
6.020.257 4.782.896
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali 2c,2d,2j,21 14.819.967 2.024.149 agreements
Dikurangi: Beban bunga yang Less: Unamortized
belum diamortisasi (16.881) (7.086) interest
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali - neto 14.803.086 2.017.063 agreements - net
Liabilitas derivatif 2c,2d,2k,11 Derivatives payable
Pihak berelasi 2ae,44 508.422 252.713 Related parties
Pihak ketiga 847.999 710.428 Third parties
1.356.421 963.141
Liabilitas akseptasi 2c,2d,2m,14 Acceptances payable
Pihak berelasi 2ae,44 56.085 517 Related parties
Pihak ketiga 1.360.144 511.522 Third parties
1.416.229 512.039
Surat berharga yang diterbitkan 2d,2w,22 Securities issued
Pihak berelasi 2ae,44 51.987 76.409 Related parties
Pihak ketiga 3.661.763 4.145.772 Third parties
3.713.750 4.222.181
Pinjaman diterima 2c,2d,2x,23 14.426.809 7.744.928 Borrowings
Utang pajak 2c,2aa,24a 316.308 395.225 Taxes payable
Beban yang masih harus dibayar Accrued expenses
dan liabilitas lain-lain 2c,2d,2y,2ac,25 and other liabilities
Pihak berelasi 2ae,44 6.047 1.651 Related parties
Pihak ketiga 3.738.574 3.689.355 Third parties
3.744.621 3.691.006
Pinjaman subordinasi 2d,2w,26 Subordinated loan
Pihak berelasi 2ae,44 99.484 99.451 Related parties
Pihak ketiga - - Third parties
99.484 99.451
JUMLAH LIABILITAS 49b 165.971.431 141.007.036 TOTAL LIABILITIES
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
3
2024 Annual Report PT Bank Maybank Indonesia Tbk 641
Page 644
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/ 31 Desember/
Catatan/ December 31, December 31,
Notes 2024 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
(lanjutan) (continued)
EKUITAS EQUITY
Ekuitas teratribusi kepada pemilik Equity attributable to equity
entitas induk holders of the parent company
Modal Saham Share Capital
Modal Dasar - Authorized Capital -
476.608.857.231 saham, 476,608,857,231 shares,
terdiri dari: consisting of:
388.146.231 saham Seri A 388,146,231 Series A
dengan nilai nominal shares with a par value of
Rp900 (nilai penuh) Rp900 (full amount)
per saham; per share;
8.891.200.000 saham Seri B 8,891,200,000 Series B
dengan nilai nominal share with a par value of
Rp225 (nilai penuh) Rp225 (full amount)
per saham; dan per share; and
467.329.511.000 saham Seri D 467,329,511,000 Series D
dengan nilai nominal Rp22,50 shares with a par value of Rp22.50
(nilai penuh) per saham (full amount) per share
Modal ditempatkan dan
disetor penuh Issued and paid-up capital
388.146.231 saham Seri A, 388,146,231 Series A shares,
8.891.200.000 saham Seri B 8,891,200,000 Series B shares
dan 66.935.849.590 saham Seri D 27 3.855.908 3.855.908 and 66,935,849,590 Series D shares
Tambahan modal disetor 28 6.357.376 6.357.376 Additional paid-in capital
Selisih kurs karena penjabaran Differences arising from the translation of
laporan keuangan dalam mata uang asing 2c,31 40.793 42.142 foreign currency financial statements
Selisih transaksi antara Differences in transaction between
pemegang saham entitas anak 1b (57.313) (57.313) shareholders of a subsidiary
Surplus revaluasi aset tetap 2p,15 2.109.514 1.979.935 Fixed assets revaluation surplus
Kerugian yang belum direalisasi Unrealized losses on
atas perubahan nilai wajar changes in fair value of
investasi keuangan yang diukur pada nilai wajar fair value through other
melalui pendapatan komprehensif lain - comprehensive income financial
setelah pajak tangguhan dan cadangan atas investments - net of deferred tax and
kerugian kredit ekspektasian 2i,9 (349.335) (166.273) expected credit loss alowances
Keuntungan aktuarial atas program manfaat pasti - Actuarial gains on defined benefit plan -
setelah pajak tangguhan 2ac,47 423.045 351.098 net of deferred tax
Cadangan umum 30 771.182 771.182 General reserve
Saldo laba 27b,29 17.455.695 17.124.265 Retained earnings
Jumlah ekuitas teratribusi kepada Total equity attributable to equity holders
pemilik entitas induk 30.606.865 30.258.320 of the parent company
Kepentingan non-pengendali 46 601.526 537.714 Non-controlling interest
JUMLAH EKUITAS 31.208.391 30.796.034 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 197.179.822 171.803.070 TOTAL LIABILITIES AND EQUITY
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
4
642 2024 Annual Report
Page 645
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN LOSS AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal
Catatan/ 31 Desember/Year Ended December 31
Notes 2024 2023
PENDAPATAN DAN BEBAN OPERATING INCOME
OPERASIONAL AND EXPENSES
Pendapatan dan beban bunga dan Syariah Interest and Sharia income and expenses
Pendapatan bunga dan Syariah Interest and Sharia income
Pendapatan bunga 10.425.435 9.401.319 Interest income
Pendapatan Syariah 2.636.767 2.482.572 Sharia income
2y,33 13.062.202 11.883.891
Beban bunga dan Syariah Interest and Sharia expenses
Beban bunga 4.608.295 3.465.767 Interest expenses
Beban Syariah 1.348.497 1.184.501 Sharia expenses
2y,34 5.956.792 4.650.268
Pendapatan bunga dan Syariah neto 7.105.410 7.233.623 Net interest and Sharia income
Pendapatan/(beban) operasional Other operating income/
lainnya (expenses)
Pendapatan operasional lainnya: Other operating income:
Provisi dan komisi selain Fees and commissions
dari kredit yang diberikan 2z 368.962 393.334 other than from loans
Keuntungan penjualan efek-efek Gains on sale of
yang diperdagangkan dan trading securities and
investasi keuangan - neto 2h,2i,35 132.339 183.566 financial investments - net
Pendapatan lainnya 36 1.885.087 1.460.065 Other fee income
Jumlah pendapatan operasional Total other operating
lainnya 2.386.388 2.036.965 income
Beban operasional lainnya: Other operating expenses:
Kerugian transaksi Losses on foreign exchange
mata uang asing - neto 2c 225.782 5.943 transactions - net
Penurunan/(kenaikan) nilai efek-efek Decrease/(increase) in value of
yang diperdagangkan - neto 2h,37 8.408 (3.603) trading securities - net
Penyisihan kerugian Provision for impairment
penurunan nilai atas losses on financial
instrumen keuangan - neto 2o,38 1.351.113 1.062.714 instruments - net
Penyisihan kerugian atas Provision for possible losses
aset non-produktif 2o,2r,39 18.263 52.346 on non-earning assets
Umum dan administrasi 40 3.055.013 2.805.233 General and administrative
Tenaga kerja 41,47 3.244.579 3.000.067 Personnel
Jumlah beban Total other operating
operasional lainnya 7.903.158 6.922.700 expenses
Beban operasional Other operating expenses -
lainnya - neto (5.516.770) (4.885.735) net
LABA OPERASIONAL - NETO 1.588.640 2.347.888 OPERATING INCOME - NET
PENDAPATAN NON OPERASIONAL - NETO 42 11.673 6.786 NON-OPERATING INCOME - NET
LABA SEBELUM BEBAN PAJAK 1.600.313 2.354.674 INCOME BEFORE TAX EXPENSE
BEBAN PAJAK - NETO 2aa,24b (401.670) (536.924) TAX EXPENSE - NET
LABA TAHUN BERJALAN 49b 1.198.643 1.817.750 INCOME FOR THE YEAR
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
5
2024 Annual Report PT Bank Maybank Indonesia Tbk 643
Page 646
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) LOSS AND OTHER COMPREHENSIVE
Untuk Tahun yang Berakhir pada Tanggal INCOME (continued)
31 Desember 2024 For the Year Ended December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
` Tahun yang Berakhir pada Tanggal
Catatan/ 31 Desember/Year Ended December 31
Notes 2024 2023
Pendapatan komprehensif lainnya: Other comprehensive income:
Items that will not be reclassified
Pos-pos yang tidak akan direklasifikasi ke laba rugi: subsequently to profit or loss:
Keuntungan aktuarial atas program
manfaat pasti 47b 93.926 65.225 Actuarial gains on defined benefit plan
Keuntungan/(kerugian) revaluasi aset tetap 15 131.849 (379) Gains/(losses) on fixed assets revaluation
Pajak penghasilan terkait dengan komponen Income tax relating to components of
pendapatan komprehensif lainnya 24c (20.665) (14.349) other comprehensive income
205.110 50.497
Items that may be reclassified
Pos-pos yang akan direklasifikasi ke laba rugi: subsequently to profit or loss:
Selisih kurs penjabaran laporan keuangan Differences arising from the translation of foreign
dalam mata uang asing (1.349) 1.485 currency financial statements
Perubahan nilai wajar investasi keuangan Fair value changes of financial investments
yang diukur pada nilai wajar melalui measured at fair value through other
pendapatan komprehensif lain (235.163) 1.068 comprehensive income
Pajak penghasilan terkait dengan komponen Income tax relating to components of
pendapatan komprehensif lainnya 24c 52.101 (1.547) other comprehensive income
(184.411) 1.006
Laba komprehensif lainnya - setelah pajak 20.699 51.503 Other comprehensive income - net of tax
Jumlah laba komprehensif Total comprehensive income
selama tahun berjalan 1.219.342 1.869.253 for the year
Laba tahun berjalan yang
dapat diatribusikan kepada: Income for the year attributable to:
Pemilik entitas induk 43 1.115.963 1.743.406 Equity holders of the parent entity
Kepentingan non-pengendali 46 82.680 74.344 Non-controlling interest
1.198.643 1.817.750
Jumlah laba komprehensif selama tahun berjalan Total comprehensive income
yang dapat diatribusikan kepada: for the year attributable to:
Pemilik entitas induk 1.133.078 1.793.756 Equity holders of the parent entity
Kepentingan non-pengendali 86.264 75.497 Non-controlling interest
1.219.342 1.869.253
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(nilai penuh) 2ab,43 14,64 22,87 (full amount)
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
6
644 2024 Annual Report
Page 647
The original consolidated financial statements included herein are in the Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 For the Year Ended December 31, 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Dapat diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Kerugian yang
Functional Review
belum direalisasi atas
perubahan nilai wajar
2024 Annual Report
investasi keuangan yang
diukur pada nilai wajar
Selisih kurs melalui pendapatan
karena komprehensif lain - Keuntungan
penjabaran setelah pajak tangguhan dan aktuarial atas
laporan keuangan cadangan atas kerugian program
dalam Selisih transaksi kredit ekspektasian/ manfaat pasti -
mata uang asing/ antara pemegang Unrealized losses on setelah pajak
Tambahan Differences saham Surplus change in fair value of fair value tangguhan/
modal arising from entitas anak/ revaluasi through other comprehensive Actuarial gains
Modal disetor/ the translation Differences in aset tetap/ income financial on defined Saldo Kepentingan
saham/ Additional of foreign transaction between Fixed assets investments - net of benefit plan- laba/ non-pengendali/
Catatan/ Share paid-in currency financial shareholders revaluation deferred tax and expected net of Cadangan umum/ Retained Jumlah/ Non-controlling Jumlah/
Notes capital capital statements of a subsidiary surplus credit loss allowances deferred tax General reserve earnings Total interest Total
Governance
Saldo 31 Desember 2023 3.855.908 6.357.376 42.142 (57.313) 1.979.935 (166.273) 351.098 771.182 17.124.265 30.258.320 537.714 30.796.034 Balance as of December 31, 2023
Good Corporate
Decrease in foreign exchange difference
Penurunan atas selisih kurs karena penjabaran arising from the translation of
laporan keuangan cabang luar negeri overseas branches' foreign currency
dalam mata uang asing 2c - - (1.349) - - - - - - (1.349) - (1.349) financial statements
Keuntungan revaluasi aset tetap - - - - 129.579 - - - - 129.579 2.270 131.849 Gains on fixed assets revaluation
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value through
yang diukur pada nilai wajar melalui pendapatan other comprehensive income
komprehensif lain - setelah pajak tangguhan dan financial investment - net of deferred tax
cadangan atas kerugian kredit ekspektasian 2i - - - - - (183.062) - - - (183.062) - (183.062) and expected credit loss allowances
Keuntungan aktuarial atas program manfaat pasti - Actuarial gains on defined benefit plan - net
setelah pajak tangguhan - - - - - - 71.947 - - 71.947 1.314 73.261 of deferred tax
Pembagian dividen tunai 29 - - - - - - - - (784.533) (784.533) (22.452) (806.985) Distribution of cash dividend
Laba tahun berjalan 46 - - - - - - - - 1.115.963 1.115.963 82.680 1.198.643 Income for the year
Saldo 31 Desember 2024 3.855.908 6.357.376 40.793 (57.313) 2.109.514 (349.335) 423.045 771.182 17.455.695 30.606.865 601.526 31.208.391 Balance as of December 31, 2024
Responsibility
Corporate Social
Statements
Consolidated Financial
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara The accompanying notes to the consolidated financial statements form an integral part of these
keseluruhan. consolidated financial statements taken as a whole.
PT Bank Maybank Indonesia Tbk
7
645
Page 648
646
The original consolidated financial statements included herein are in the Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 For the Year Ended December 31, 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Dapat diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Kerugian yang
belum direalisasi atas
perubahan nilai wajar
investasi keuangan yang
diukur pada nilai wajar
Selisih kurs melalui pendapatan
karena komprehensif lain - Keuntungan
penjabaran setelah pajak tangguhan dan aktuarial atas
laporan keuangan cadangan atas kerugian program
dalam Selisih transaksi kredit ekspektasian/ manfaat pasti -
mata uang asing/ antara pemegang Unrealized losses on setelah pajak
Tambahan Differences saham Surplus change in fair value of fair value tangguhan/
modal arising from entitas anak/ revaluasi through other comprehensive Actuarial gains
Modal disetor/ the translation Differences in aset tetap/ income financial on defined Saldo Kepentingan
saham/ Additional of foreign transaction between Fixed assets investments - net of benefit plan- laba/ non-pengendali/
Catatan/ Share paid-in currency financial shareholders revaluation deferred tax and expected net of Cadangan umum/ Retained Jumlah/ Non-controlling Jumlah/
Main Highlights
Notes capital capital statements of a subsidiary surplus credit loss allowances deferred tax General reserve earnings Total interest Total
Saldo 31 Desember 2022 3.855.908 6.357.376 40.657 (57.313) 1.980.314 (165.794) 301.375 771.182 15.969.288 29.052.993 480.957 29.533.950 Balance as of December 31, 2022
Increase in foreign exchange difference
Kenaikan atas selisih kurs karena penjabaran arising from the translation of
laporan keuangan cabang luar negeri overseas branches' foreign currency
dalam mata uang asing 2c - - 1.485 - - - - - - 1.485 - 1.485 financial statements
Kerugian revaluasi aset tetap - - - - (379) - - - - (379) - (379) Losses on fixed assets revaluation
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value through
yang diukur pada nilai wajar melalui pendapatan other comprehensive income
komprehensif lain - setelah pajak tangguhan dan financial investment - net of deferred tax
cadangan atas kerugian kredit ekspektasian 2i - - - - - (479) - - - (479) - (479) and expected credit loss allowances
Keuntungan aktuarial atas program manfaat pasti - Actuarial gains on defined benefit plan - net
setelah pajak tangguhan - - - - - - 49.723 - - 49.723 1.153 50.876 of deferred tax
Pembagian dividen tunai 29 - - - - - - - - (588.429) (588.429) (18.740) (607.169) Distribution of cash dividend
Laba tahun berjalan 46 - - - - - - - - 1.743.406 1.743.406 74.344 1.817.750 Income for the year
Management Report
Saldo 31 Desember 2023 3.855.908 6.357.376 42.142 (57.313) 1.979.935 (166.273) 351.098 771.182 17.124.265 30.258.320 537.714 30.796.034 Balance as of December 31, 2023
Company Profile
and Analysis
2024 Annual Report
Management Discussion
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian. The accompanying notes to the consolidated financial statements form an integral part of these
consolidated financial statements.
8
Page 649
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal
Catatan/ 31 Desember/Year Ended December 31
Notes 2024 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan pendapatan bunga dan Syariah 13.009.832 11.865.799 Proceeds from interest and Sharia income
Pembayaran beban bunga dan Syariah (5.915.453) (4.643.367) Payment of interest and Sharia expense
Beban umum dan administrasi General and administrative
yang dibayar (2.521.050) (2.219.888) expenses paid
Tenaga kerja dan tunjangan
yang dibayar (3.022.736) (3.142.859) Personnel expenses paid
Pendapatan operasional lainnya Other operating income
yang diterima 1.744.082 1.909.525 received
Pembayaran pajak penghasilan (406.797) (671.971) Payment of income tax
(Pembayaran)/penerimaan (beban)/ (Expenses paid)/income received for non-
pendapatan non-operasional - neto (19.395) 4.348 operating (expenses)/income - net
Arus kas dari aktivitas operasi Cash flows from operating
sebelum perubahan aset activities before changes in
dan liabilitas operasi 2.868.483 3.101.587 operating assets and liabilities
(Kenaikan)/penurunan aset (Increase)/decrease in operating
operasi: assets:
Efek-efek yang diperdagangkan (652.350) (814.248) Trading securities
Tagihan atas wesel ekspor (1.309.643) 606.129 Receivables from export bills
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah (12.945.983) (8.912.750) receivables/financing
Piutang pembiayaan
konsumen 534.439 (257.787) Consumer financing receivables
Beban dibayar dimuka dan Prepayments and other
aset lain-lain (537.303) (30.308) assets
Kenaikan/(penurunan) Increase/(decrease) in
liabilitas operasi: operating liabilities:
Liabilitas segera (6.023) (86.851) Obligations due immediately
Simpanan dari nasabah dan Deposits from customers and
bank lain 4.738.744 11.413.409 other banks
Liabilitas lain-lain (4.027) 243.872 Other liabilities
Kas neto (digunakan untuk)/diperoleh Net cash (used in)/provided by
dari aktivitas operasi (7.313.663) 5.263.053 operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penjualan/(pembelian) efek-efek yang Sale/(purchase) of securities purchased
dibeli dengan janji dijual kembali - neto 1.494.699 (794.830) under resale agreements - net
Penerimaan dari penjualan aset tetap 15 8.069 11.308 Proceeds from sale of fixed assets
Penambahan nilai aset hak-guna (61.929) (72.209) Addition of right-of-use assets
Pembelian aset tidak berwujud 16 (129.052) (180.294) Acquisition of intangible asset
Pembelian aset tetap 15 (375.633) (415.682) Acquisition of fixed assets
Pembelian efek-efek Purchase of marketable securities
yang diukur pada nilai wajar melalui measured at fair value through
pendapatan komprehensif lain (8.165.998) (2.576.358) other comprehensive income
Kas neto digunakan untuk Net cash used in
aktivitas investasi (7.229.844) (4.028.065) investing activities
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
9
2024 Annual Report PT Bank Maybank Indonesia Tbk 647
Page 650
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF CASH FLOWS (continued)
Untuk Tahun yang Berakhir pada Tanggal For the Year Ended
31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal
Catatan/ 31 Desember/Year Ended December 31
Notes 2024 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penjualan efek-efek yang dijual Sale of securities sold
dengan janji dibeli kembali 58 12.786.023 1.905.158 under repurchased agreements
Penerimaan/(pembayaran) dari pinjaman diterima 58 6.681.881 (2.204.814) Proceeds/(repayments) from borrowings
Penerimaan dari surat berharga
yang diterbitkan 58 1.100.000 1.000.000 Proceeds from securities issued
Kenaikan kepentingan Increase in non-controlling
non-pengendali 61.542 56.757 interest
Penerimaan dari long term notes subordinasi 58 - 100.000 Proceeds from subordinated long term notes
Pelunasan obligasi subordinasi 58 - (800.000) Repayments of subordinated bonds
Pembayaran liabilitas sewa 58 (180.787) (200.340) Payment of lease liabilities
Pembayaran dividen kepada entitas Dividend payment to non-controlling
non-pengendali (22.452) (18.612) interests
Pembayaran dividen (784.444) (588.361) Dividend payment
Pelunasan surat berharga Repayment of securities
yang diterbitkan 58 (1.637.000) (1.760.300) issued
Kas neto (diperoleh dari)/digunakan untuk Net cash provided by/(used in)
aktivitas pendanaan 18.004.763 (2.510.512) financing activities
KENAIKAN/(PENURUNAN) NETO KAS NET INCREASE/(DECREASE) IN CASH
DAN SETARA KAS 3.461.256 (1.275.524) AND CASH EQUIVALENTS
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 14.412.730 15.739.897 AT BEGINNING OF YEAR
Pengaruh perubahan kurs mata Effect of foreign currency exchange rate
uang asing 255.157 (51.643) changes
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 18.129.143 14.412.730 AT END OF YEAR
PENGUNGKAPAN TAMBAHAN SUPPLEMENTARY DISCLOSURES
Cash and cash equivalents
Kas dan setara kas terdiri dari: consist of:
Kas 4 1.861.870 1.570.030 Cash
Giro pada Bank Indonesia 5 10.696.358 8.152.106 Current accounts with Bank Indonesia
Giro pada bank lain 6 2.571.949 2.194.092 Current accounts with other banks
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain yang jatuh other banks that will mature
tempo dalam 3 bulan within 3 months from
dari tanggal akuisisi 7 2.998.966 2.496.502 the date of acquisition
Jumlah kas dan setara kas 18.129.143 14.412.730 Total cash and cash equivalents
Catatan atas laporan keuangan konsolidasian merupakan The accompanying notes to the consolidated financial
bagian yang tidak terpisahkan dari laporan keuangan statements form an integral part of these
konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
10
648 2024 Annual Report
Page 651
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian a. Establishment
PT Bank Maybank Indonesia Tbk PT Bank Maybank Indonesia Tbk
(“Bank”) adalah perusahaan terbatas yang (the “Bank”) is a limited liability company
didirikan di Republik Indonesia pada tahun established in the Republic of Indonesia in 1959
1959, berdasarkan akta No. 53 tanggal 15 Mei by virtue of notarial deed No. 53 dated May 15,
1959 dari notaris pengganti Soeleman 1959 of substitute notary Soeleman
Ardjasasmita, S.H. Akta telah diubah dengan Ardjasasmita, S.H. The deed was subsequently
akta No. 9 tanggal 4 Agustus 1959 dan No. 21 amended by notarial deeds No. 9 dated
tanggal 6 Oktober 1959 dari notaris August 4, 1959 and No. 21 dated October 6,
Eliza Pondaag, S.H. di Jakarta. Akta pendirian 1959 of Notary Eliza Pondaag, S.H., in Jakarta.
ini telah mendapat pengesahan dari Menteri The deed of establishment was approved by
Kehakiman Republik Indonesia melalui Surat the Minister of Justice of the Republic of
Keputusannya No. J.A.5/112/18 tanggal Indonesia in his Decision Letter
2 November 1959 dan telah didaftarkan ke No. J.A.5/112/18 dated November 2, 1959 and
Kantor Pengadilan Negeri Jakarta dengan was registered in the Jakarta Court of Justice
No. 2116 tanggal 5 November 1959. Bank under registration No. 2116 dated November 5,
mulai beroperasi secara komersial sejak 1959. Bank commenced its commercial
13 Oktober 1959, sesuai dengan izin untuk operations since October 13, 1959, according
melakukan usaha Bank umum dari Menteri to the license as commercial bank obtained
Keuangan Republik Indonesia from the Minister of Finance of the Republic
No. 138412/U.M.II tanggal 13 Oktober 1959, Indonesia No. 138412/U.M.II dated October 13,
serta diumumkan dalam Berita Negara 1959, then also stated in the State Gazette No.
Republik Indonesia No. 37 tanggal 6 Mei 1960 37 amendment No. 122 dated May 6,1960.
Tambahan No. 122.
Pada tanggal 31 Maret 1980 Bank melakukan On March 31, 1980, the Bank merged with
penggabungan usaha (merger) dengan PT Bank Tabungan Untuk Umum 1859,
PT Bank Tabungan Untuk Umum 1859, Surabaya by virtue of notarial deed No. 17
Surabaya. Keputusan merger ini dituangkan dated March 31, 1980 by Notary Arianny
dalam akta notaris Arianny Lamoen Redjo, Lamoen Redjo, S.H.
S.H. No. 17 tanggal 31 Maret 1980.
Sesuai dengan Surat Keputusan Direksi Bank In accordance to Directors of Bank Indonesia
Indonesia No. 21/11/Dir/UPPS tanggal Decree No. 21/11/Dir/UPPS dated
9 November 1988, Bank memperoleh November 9, 1988, the Bank obtained an
peningkatan status menjadi Bank Devisa. Pada approval to upgrade its status to a Foreign
tanggal 5 September 2002, dengan akta No. 16 Exchange Bank. On September 5, 2002, by
dari Notaris Fathiah Helmi, S.H. yang telah virtue of notarial deed No. 16 of Notary Fathiah
mendapat persetujuan Menteri Hukum dan Hak Helmi, S.H., and approval by the Minister of
Asasi Manusia Republik Indonesia Justice and Human Rights of the Republic
melalui Surat Keputusannya of Indonesia in his Decision Letter
No. C-19589.HT.01.04.TH.2002 tanggal No. C-19589.HT.01.04.TH.2002 dated
10 Oktober 2002, Bank menambah aktivitas October 10, 2002, the Bank added banking
perbankan Syariah (Unit Usaha Syariah) dalam activities based on Sharia principles (Sharia
aktivitas komersial Bank. Bank mulai Business Unit) in its commercial activities. The
melakukan kegiatan berdasarkan prinsip Bank commenced its Sharia banking activities
Syariah tersebut sejak bulan Mei 2003. since May 2003.
11
2024 Annual Report PT Bank Maybank Indonesia Tbk 649
Page 652
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tahun 2008, Anggaran Dasar Bank telah In 2008, the Bank’s Articles of Association have
mengalami dua kali perubahan. Perubahan been amended twice. The first amendment
pertama dalam rangka penyesuaian dengan was to accommodate the Law
Undang-undang No. 40 Tahun 2007 tentang No. 40 Year 2007 regarding Limited Liability
Perseroan Terbatas dan peraturan Company and its implementation regulations.
pelaksanaannya. Perubahan ini This amendment was notarized by notary
didokumentasikan dalam akta No. 10 dari Engawati Gazali, S.H., in notarial deed No. 10
notaris Engawati Gazali, S.H., tanggal dated July 16, 2008 and was approved by the
16 Juli 2008 dan telah disetujui oleh Menteri Minister of Laws and Human Rights of the
Hukum dan Hak Asasi Manusia Republic of Indonesia through letter
Republik Indonesia melalui Surat No. AHU-56218.AH.01.02.Year.2008 dated
No. AHU-56218.AH.01.02.Tahun.2008 tanggal August 28, 2008, then also stated in the state of
28 Agustus 2008, serta diumumkan dalam Gazette No. 2 amendment No. 527 dated
Berita Negara Republik Indonesia No. 2 tanggal January 6, 2009.
6 Januari 2009 Tambahan No. 527.
Pada tanggal 1 Desember 2008, Bank On December 1, 2008, the Bank held a
menyelenggarakan Rapat Umum Pemegang Shareholders’ Extraordinary General Meeting
Saham Luar Biasa yang menyetujui untuk whereby the shareholders agreed to amend the
mengubah pasal 4 ayat 1 dan pasal 4 ayat 2 Articles of Association article 4(1) and 4(2)
Anggaran Dasar Perseroan sehubungan relating to authorized capital and issued and
dengan modal dan modal dasar yang telah paid-up capital. The decision was notarized by
ditempatkan dan disetor penuh. Keputusan ini notary Ny. Poerbaningsih Adi Warsito, S.H., in
didokumentasikan dalam surat her letter No. 600/ZXI02/XII/2008 dated
No. 600/ZXI02/ XII/2008 notaris December 1, 2008 and was approved by the
Ny. Poerbaningsih Adi Warsito, S.H., tanggal Minister of Laws and Human Rights of
1 Desember 2008 dan telah disetujui oleh the Republic of Indonesia through
Menteri Hukum dan Hak Asasi Manusia letter No. AHU-0008676.AH.01.09.Year 2009
Republik Indonesia melalui Surat dated March 12, 2009.
No. AHU-0008676.AH.01.09.Tahun 2009
tanggal 12 Maret 2009.
Pada tanggal 7 April 2009, Bank On April 7, 2009, the Bank held a Shareholders’
menyelenggarakan Rapat Umum Pemegang Extraordinary General Meeting whereby the
Saham Luar Biasa yang menyetujui untuk shareholders agreed to amend the Articles of
mengubah Anggaran Dasar Perseroan Association relating to conversion of Series C
sehubungan dengan pengkonversian saham shares to Series B shares and to amend certain
Seri C ke saham Seri B serta mengubah articles in the Articles of Association to comply
beberapa pasal Anggaran Dasar untuk with the Capital Market Supervisory Board
disesuaikan dengan Peraturan Badan Regulation No. IX.J.1 dated May 14, 2008. This
Pengawas Pasar Modal No. IX.J.1 tanggal amendment was notarized by notary Engawati
14 Mei 2008. Perubahan ini didokumentasikan Gazali, S.H., in notarial deed No. 6 dated
dalam akta No. 6 dari notaris Engawati Gazali, April 7, 2009 and was approved by the Minister
S.H., tanggal 7 April 2009 dan telah disetujui of Laws and Human Rights of the
oleh Menteri Hukum dan Hak Asasi Republic of Indonesia through letter
Manusia Republik Indonesia melalui Surat No. AHU-AH.01.10-05099 dated May 1, 2009.
No. AHU-AH.01.10-05099 tanggal 1 Mei 2009.
12
650 2024 Annual Report
Page 653
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Melalui Rapat Umum Pemegang Saham Luar Through the Shareholders’ Extraordinary
Biasa tanggal 24 Agustus 2015, telah disetujui General Meeting on August 24, 2015, the
perubahan nama Bank dari “PT Bank change of the Bank’s name from “PT Bank
Internasional Indonesia Tbk” menjadi “PT Bank Internasional Indonesia Tbk” to become
Maybank Indonesia Tbk”. Perubahan nama “PT Bank Maybank Indonesia Tbk” has been
Bank ini telah mendapat persetujuan dari approved. The changes of Bank’s name had
Menteri Hukum dan Hak Asasi Manusia been approved by Minister of Justice and
Republik Indonesia melalui Keputusan Menteri Human Rights through Minister of Justice and
Hukum dan Hak Asasi Manusia Republik Human Rights Decision No. AHU-
Indonesia No. AHU-0941203.AH.01.02 Tahun 0941203.AH.01.02 Year 2015 dated August 26,
2015 tanggal 26 Agustus 2015 tentang 2015 on The Approval of The Company’s
Persetujuan Perubahan Anggaran Dasar Articles of Association Change and from OJK
Perseroan dan dari Otoritas Jasa Keuangan through The Board of Commissioner Decision
(OJK) melalui Keputusan Dewan Komisioner No. 18/KDK.03/2015 dated September 23,
Otoritas Jasa Keuangan No. 18/KDK.03/2015 2015 on The Confirmation to Use The Bank’s
tanggal 23 September 2015 tentang Penetapan Business License Name from PT Bank
Penggunaan Izin Usaha Atas Nama PT Bank Internasional Indonesia Tbk to PT Bank
Internasional Indonesia Tbk menjadi Izin Usaha Maybank Indonesia Tbk.
Atas Nama PT Bank Maybank Indonesia Tbk.
Bank menjalankan kegiatan usaha di bidang The Bank is engaged in general banking
perbankan sesuai dengan undang-undang dan services in accordance with the prevailing laws
peraturan yang berlaku dan melakukan and regulations and in other banking activities
kegiatan perbankan lainnya berdasarkan based on Sharia principles.
prinsip Syariah.
Kantor pusat Bank beralamat di Sentral The Bank’s head office is located at Sentral
Senayan (SS) III, Jalan Asia Afrika No. 8, Senayan (SS) III, Jalan Asia Afrika No. 8,
Gelora Bung Karno - Senayan, Jakarta. Bank Gelora Bung Karno - Senayan, Jakarta. The
memiliki 1 kantor pusat, 80 kantor cabang, 214 Bank has 1 head office, 80 branches, 214 sub-
kantor cabang pembantu, 17 kantor cabang branches, 17 Sharia branches and 3 Sharia
Syariah dan 3 kantor cabang pembantu Syariah sub-branches as of December 31, 2024
per 31 Desember 2024 (31 Desember 2023: 1 (December 31, 2023: 1 head office, 80
kantor pusat, 80 kantor cabang, 237 kantor branches, 237 sub-branches, 17 Sharia
cabang pembantu, 17 kantor cabang Syariah branches and 3 Sharia sub-branches). The
dan 3 kantor cabang pembantu Syariah). Bank’s key management personnel covers
Manajemen kunci Bank cakupannya adalah members of Board of Commissioners, Board of
anggota Dewan Komisaris, Dewan Direksi, Directors, Audit Committee, officer who have
Komite Audit, pejabat yang bertanggung jawab direct responsibility to the Directors,
langsung ke Direksi, Kepala Satuan Kerja Compliance Unit Head, Internal Audit Head,
Kepatuhan, Kepala Satuan Kerja Audit Intern Risk Management Unit Head, Division Head,
(SKAI), Kepala Satuan Kerja Manajemen Regional Office Head, Area Business Manager
Risiko, Kepala Divisi, Kepala Kantor Wilayah, (ABM), Branch Manager Syariah (BMS) and
Area Business Manager (ABM), Branch other officers who are appointed as Executive
Manager Syariah (BMS) dan pejabat lainnya Officers by the Bank’s Director and have
yang ditetapkan sebagai Pejabat Eksekutif oleh significant influence to the Bank’s policies
Direksi Bank di mana pejabat tersebut and/or operations. The Bank had 6,546 and
mempunyai pengaruh yang signifikan terhadap 6,537 permanent employees as of December
kebijakan dan/atau operasional Bank. Jumlah 31, 2024 and 2023, respectively.
karyawan tetap Bank per 31 Desember 2024
dan 2023 adalah masing-masing 6.546 dan
6.537 karyawan.
13
2024 Annual Report PT Bank Maybank Indonesia Tbk 651
Page 654
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pemegang saham akhir PT Bank Maybank The ultimate shareholder of PT Bank Maybank
Indonesia Tbk adalah Malayan Banking Berhad, Indonesia Tbk is Malayan Banking Berhad, a
sebuah perusahaan perbankan dan jasa banking company and financial services based
keuangan yang berkedudukan di Malaysia. in Malaysia.
Pada bulan Mei 1999, sebagai bagian dari In May 1999, as part of the National Banking
Program Rekapitalisasi Perbankan Nasional, Recapitalization Program, the Indonesian
Pemerintah Indonesia melakukan penyertaan Government made a capital investment in the
modal pada Bank sebesar Rp8.714.000. Pada Bank of Rp8,714,000. In January 2000, the
bulan Januari 2000, Bank mengembalikan dana Bank refunded to the Indonesian Government
rekapitalisasi sebesar Rp2.086.425 kepada the excess of the recapitalization fund of
Pemerintah Indonesia, sehingga jumlah approximately Rp2,086,425 hence, the
penyertaan modal Pemerintah Indonesia pada outstanding capital investment of the
Bank adalah sebesar Rp6.627.575. Indonesian Government in the Bank was
Rp6,627,575.
Pada bulan Juli 2001, Bank Indonesia In July 2001, Bank Indonesia placed the Bank
menetapkan Bank sebagai bank dalam as bank under surveillance and transferred the
penyehatan dan menyerahkan Bank kepada Bank to the Indonesian Bank Restructuring
Badan Penyehatan Perbankan Nasional Agency (IBRA). As the Bank’s condition had
(BPPN). Dengan membaiknya kondisi Bank, improved, in March 2004, the Governor of Bank
pada bulan Maret 2004, Gubernur Bank Indonesia revoked the Bank’s status as bank
Indonesia mencabut status Bank sebagai bank under surveillance.
dalam penyehatan.
Pada tanggal 2 April 2002, Rapat Umum On April 2, 2002, based on the Bank’s
Pemegang Saham Luar Biasa menyetujui Shareholders’ Extraordinary General Meeting,
perubahan modal dasar Bank dengan the shareholders approved the change in the
menambah seri saham yaitu saham Seri D authorized share capital by adding Series D
dengan nilai nominal Rp5 (nilai penuh) per shares with a par value of Rp5 (full amount) per
saham sehingga jumlah modal dasar Bank share. Thus, the authorized share capital
sebesar Rp38.000.000 terdiri dari amounted to Rp38,000,000 which consisted of
3.881.462.307 saham Seri A dengan nilai 3,881,462,307 Series A shares with a par value
nominal Rp500 (nilai penuh) per saham; of Rp500 (full amount) per share;
40.856.044.855 saham Seri B dengan nilai 40,856,044,855 Series B shares with a par
nominal Rp125 (nilai penuh) per saham; value of Rp125 (full amount) per share;
52.595.515.440 saham Seri C dengan nilai 52,595,515,440 Series C shares with a par
nominal Rp125 (nilai penuh) per saham; dan value of Rp125 (full amount) per share; and
4.875.564.761.925 saham Seri D dengan nilai 4,875,564,761,925 Series D shares with a par
nominal Rp5 (nilai penuh) per saham. Risalah value of Rp5 (full amount) per share. The
Rapat Umum Pemegang Saham Luar Biasa ini minutes of this Shareholders’ Extraordinary
telah didokumentasikan dalam akta No. 2 dari General Meeting were documented in Notarial
Notaris Fathiah Helmi, S.H. tanggal Deed No. 2 of Notary Fathiah Helmi, S.H.,
2 April 2002 dan telah dicatat oleh Menteri dated April 2, 2002 and were recorded by the
Hukum dan Hak Asasi Manusia Minister of Justice and Human Rights of the
Republik Indonesia sebagaimana termuat Republic of Indonesia in “Receipt of Report on
dalam Penerimaan Laporan Akta the change in the Bank’s Articles of
Perubahan Anggaran Dasar Bank Association” No. C-05634.HT.01.04.TH.2002
No. C-05634.HT.01.04.TH.2002 tanggal dated April 5, 2002, and registered with the
5 April 2002 dan telah didaftarkan ke Kantor Registration Office of the Department of
Pendaftaran Perusahaan Departemen Trade and Industry Central Jakarta
Perindustrian dan Perdagangan Jakarta No. 3698/RUB.09.05/IV/2002 dated
Pusat No. 3698/RUB.09.05/IV/2002 tanggal April 18, 2002.
18 April 2002.
14
652 2024 Annual Report
Page 655
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tanggal 31 Mei 2002, Bank mengadakan On May 31, 2002, the Bank held a
Rapat Umum Pemegang Saham Luar Biasa Shareholders’ Extraordinary General Meeting,
untuk menyetujui hal-hal sebagai berikut: whereby the shareholders approved the
following:
1. Mengubah nilai nominal saham Bank 1. Changes in the par value of the Bank’s
sebagai berikut: shares as follows:
- Saham Seri A dengan nilai nominal - Series A shares with a par value of
Rp500 (nilai penuh) per saham Rp500 (full amount) per share to
menjadi Rp5.000 (nilai penuh) per Rp5,000 (full amount) per share.
saham.
- Saham Seri B dan C dengan nilai - Series B and C shares with a par value
nominal Rp125 (nilai penuh) per of Rp125 (full amount) per share to
saham menjadi Rp1.250 (nilai penuh) Rp1,250 (full amount) per share.
per saham.
- Saham Seri D dengan nilai nominal - Series D shares with a par value of
Rp5 (nilai penuh) per saham menjadi Rp5 (full amount) per share to
Rp125 (nilai penuh) per saham. Rp125 (full amount) per share.
2. Melakukan reverse stock split, sehingga 2. Conduct reverse stock split, whereby the
jumlah modal dasar Bank sebesar Bank’s authorized share capital
Rp38.000.000 terbagi atas amounting to Rp38,000,000 consisted of
208.841.497.003 saham dengan rincian 208,841,497,003 shares as follows:
sebagai berikut:
- 388.146.231 saham Seri A dengan - 388,146,231 Series A shares with a
nilai nominal Rp5.000 (nilai penuh) per par value of Rp5,000 (full amount) per
saham. share.
- 3.631.648.456 saham Seri B dengan - 3,631,648,456 Series B shares with a
nilai nominal Rp1.250 (nilai penuh) per par value of Rp1,250 (full amount) per
saham. share.
- 5.259.551.544 saham Seri C dengan - 5,259,551,544 Series C shares with a
nilai nominal Rp1.250 (nilai penuh) per par value of Rp1,250 (full amount) per
saham. share.
- 199.562.150.772 saham Seri D - 199,562,150,772 Series D shares with
dengan nilai nominal Rp125 (nilai a par value of Rp125 (full amount) per
penuh) per saham. share.
Pada tanggal 26 Maret 2010, Rapat Umum On March 26, 2010, based on the Bank’s
Pemegang Saham Luar Biasa menyetujui untuk Shareholders’ Extraordinary General Meeting,
mengubah Pasal 4 ayat 2 Anggaran Dasar the shareholders agreed to amend the
Perseroan sehubungan dengan peningkatan Articles of Association article 4(2) related to the
Modal Disetor dan Ditempatkan dengan cara increase in issued and paid-up capital by
pengeluaran saham baru Seri D sejumlah issuing new Series D shares for 6,253,554,529
6.253.554.529 saham dengan nilai nominal shares with a par value of Rp22.50 (full amount)
Rp22,50 (nilai penuh) melalui Penawaran through Limited Public Offering V, as stated in
Umum Terbatas V, sebagaimana tertuang Minutes of Meeting notarized in Notarial Deed
dalam Akta Berita Acara Rapat No. 38 tanggal No. 38 dated March 26, 2010 by Notary
26 Maret 2010 yang dibuat oleh Poerbaningsih Poerbaningsih Adi Warsito, S.H., in Jakarta.
Adi Warsito, S.H., Notaris di Jakarta.
15
2024 Annual Report PT Bank Maybank Indonesia Tbk 653
Page 656
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tanggal 27 Juni 2013, Rapat Umum On June 27, 2013, based on the Bank’s
Pemegang Saham Luar Biasa menyetujui untuk Shareholders’ Extraordinary General Meeting,
mengubah Pasal 4 ayat 2 Anggaran Dasar the shareholders agreed to amend the Articles
Perseroan sehubungan dengan peningkatan of Association article 4(2) related to the
Modal Disetor dan Ditempatkan dengan cara increase in issued and paid-up capital by
pengeluaran saham baru Seri D sejumlah issuing new Series D shares for 4,690,165,897
4.690.165.897 saham dengan nilai nominal shares with a par value of Rp22.50 (full amount)
Rp22,50 (nilai penuh) melalui Penawaran through Limited Public Offering VI, as stated in
Umum Terbatas VI, sebagaimana tertuang Minutes of Meeting notarized in Notarial Deed
dalam Akta Berita Acara Rapat No. 107 dated June 27, 2013 by Notary
No. 107 tanggal 27 Juni 2013 yang dibuat oleh Ir. Nanette Cahyanie Handari Adi Warsito, S.H.,
Ir. Nanette Cahyanie Handari Adi Warsito, S.H., in Jakarta.
Notaris di Jakarta.
Pada tanggal 28 November 2014, Rapat Umum On November 28, 2014 based on the Bank’s
Pemegang Saham Luar Biasa menyetujui untuk Shareholders’ Extraordinary General Meeting,
mengubah Pasal 4 ayat 2 Anggaran Dasar the shareholders agreed to amend the Articles
Perseroan sehubungan dengan peningkatan of Association article 4(2) related to the
Modal Disetor dan Ditempatkan dengan cara increase in issued and paid-up capital by
pengeluaran saham baru Seri D sejumlah issuing new Series D shares for 6,774,684,073
6.774.684.073 saham dengan nilai nominal shares with a par value of Rp22.50 (full amount)
Rp22,50 (nilai penuh) melalui Penawaran through Limited Public Offering VII, as stated in
Umum Terbatas VII, sebagaimana tertuang Minutes of Meeting notarized in Notarial Deed
dalam Akta Berita Acara Rapat No. 127 tanggal No. 127 dated November 28, 2014 by Notary
28 November 2014 yang dibuat oleh Aryanti Aryanti Artisari, S.H., M.Kn., in Jakarta.
Artisari, S.H., M.Kn., Notaris di Jakarta.
Pada tanggal 6 April 2018, Rapat Umum On April 6, 2018 based on the Bank's
Pemegang Saham Luar Biasa menyetujui untuk Shareholders' Extraordinary General Meeting,
mengubah Anggaran Dasar Perseroan the shareholders agreed to amend the Articles
sehubungan dengan peningkatan Modal of Association related to the increase in issued
Disetor dan Ditempatkan dengan cara and paid-up capital by issuing new Series D
pengeluaran saham baru Seri D melalui shares with preemptive rights mechanism
mekanisme Hak Memesan Efek Terlebih (Right Issue) for maximum of 12,800,000,000
Dahulu sebanyak-banyaknya sebesar shares with a nominal value of Rp22.50 (full
12.800.000.000 saham dengan nilai nominal amount) through Limited Public Offering VIII, as
Rp22,50 (nilai penuh) melalui Penawaran stated in Minutes of Meeting Notarized in
Umum Terbatas VIII, sebagaimana tertuang Notarial Deed No. 8 dated April 6, 2018 by
dalam Akta Berita Acara Rapat No. 8 tanggal 6 Notary Aulia Taufani, S.H., in Jakarta.
April 2018 yang dibuat oleh Aulia Taufani, S.H.,
Notaris di Jakarta.
16
654 2024 Annual Report
Page 657
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian (lanjutan) a. Establishment (continued)
Pada tanggal 31 Maret 2023, Bank On March 31, 2023, the Bank held
menyelenggarakan Rapat Umum Pemegang Shareholders’ Annual General Meeting
Saham Tahunan yang menyetujui untuk whereby the shareholders agreed to amend the
mengubah Anggaran Dasar Perseroan Pasal Articles of Association Article 10 regarding
10 tentang Rapat Umum Pemegang Saham, Shareholders’ General Meeting, Article 11
Pasal 11 tentang Tempat, Pengumuman, regarding Venue, Announcement, Invitation,
Pemanggilan, Pimpinan dan Berita Acara Chairman and Explanation Agenda of RUPS,
RUPS, Pasal 14 tentang Penggabungan, Article 14 regarding Merger, Acquisition,
Peleburan, Pengambilalihan, Pemisahan dan Takeover, Separation and Dissolution, Article
Pembubaran, Pasal 16 tentang Tugas dan 16 regarding Directors’ Duties and Authorities,
Wewenang Direksi, Pasal 23 tentang Rencana Article 23 regarding Working Plan, Book Year
Kerja, Tahun Buku dan Laporan Tahunan, and Annual Report, Article 24 regarding
Pasal 24 tentang Penggunaan Laba dan Utilization of Income and Dividend Distribution
Pembagian Dividen dan Pasal 25 tentang and Article 25 regarding the Utilization of
Penggunaan Cadangan. Perubahan ini Reserve. This amendment was notarized in
didokumentasikan pada Akta Notaris No. 103 Notarial Deed No. 103 Dated March 31, 2023
Tanggal 31 Maret 2023 dari notaris Aulia by notary Aulia Taufani S.H., and was approved
Taufani S.H., dan telah disetujui oleh Menteri by the Minister of Laws and Human Rights of
Hukum dan Hak Asasi Manusia Republik the Republic Indonesia through letter No. AHU-
Indonesia melalui Surat No. AHU-AH.01.03- AH.01.03-0049593 dated April 5, 2023.
0049593 tanggal 5 April 2023.
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
Entitas anak Subsidiaries
Bank memiliki entitas anak berikut pada tanggal The Bank has ownership interests in the
31 Desember 2024 dan 2023: following subsidiaries as of December 31, 2024
and 2023:
Tahun operasi Persentase kepemilikan/
1020000 Jenis komersial/ Percentage of ownership
usaha/ Start of
Entitas anak/ Domisili/ Nature of commercial 31 Desember/December 31
Subsidiaries Domicile business operations 2024 2023
PT Maybank Indonesia Jakarta Pembiayaan/ 1991 99,99% 99,99%
Finance Multi-financing
PT Wahana Ottomitra
Multiartha Tbk Jakarta Pembiayaan/ 1982 67,49% 67,49%
Multi-financing
Tahun operasi Jumlah aset/Total assets
1020000 Jenis komersial/
usaha/ Start of
Entitas anak/ Domisili/ Nature of commercial 31 Desember/December 31
Subsidiaries Domicile business operations 2024 2023
PT Maybank Indonesia Jakarta Pembiayaan/ 1991 8.234.830 8.073.953
Finance Multi-financing
PT Wahana Ottomitra
Multiartha Tbk Jakarta Pembiayaan/ 1982 6.946.341 6.635.715
Multi-financing
17
2024 Annual Report PT Bank Maybank Indonesia Tbk 655
Page 658
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Maybank Indonesia Finance PT Maybank Indonesia Finance
Sejak berdiri, PT Maybank Indonesia Finance From its establishment, PT Maybank Indonesia
(MIF) telah dimiliki mayoritas oleh Bank dengan Finance (MIF) is majority owned by the Bank
kepemilikan saham 99,99%. with share ownership of 99.99%.
MIF didirikan berdasarkan akta notaris No. 163 MIF was established by virtue of notarial deed
tanggal 13 Februari 1991 dari Ricardus Nangkih No. 163 dated February 13, 1991 of Ricardus
Sinulingga, S.H., notaris di Jakarta. Akta Nangkih Sinulingga, S.H., notary in Jakarta.
pendirian ini disahkan oleh Menteri Kehakiman The Deed of establishment was approved by
Republik Indonesia dalam Surat Keputusannya The Minister of Justice of the Republic of
No. C2-2005.HT.01.01 TH91 tanggal 5 Juni Indonesia in his Decision Letter
1991 serta dalam Berita Negara Republik No. C2-2005.HT.01.01 TH91 dated June 5,
Indonesia No. 78 tambahan No. 4827 tanggal 1991 and also stated in the State of Gazette No.
29 September 1992. 78 amendment No. 4827 dated September 29,
1992.
Terdapat perubahan anggaran Dasar MIF There is amendment of MIF’s Articles of
dengan akta notaris No. 105 tanggal Association on notarial deed No. 105 dated
18 November 2015 dari Satria Amiputra A., SE, November 18, 2015 from Satria Amiputra A.,
Ak, SH, MM, MAk, MEcDev, MH, M.Kn, SE, Ak, SH, MM, MAk, MEcDev, MH, M.Kn,
mengenai perubahan nama Perusahaan dari regarding the changes of the Company’s name
PT BII Finance Center menjadi PT Maybank from PT BII Finance Center to PT Maybank
Indonesia Finance dan perubahan dan Indonesia Finance and changes and
penyesuaian pasal No. 3 Anggaran Dasar adjustments in Article No. 3 of the Article of
Perusahaan terkait dengan perubahan nama Association related to the Company’s name
dan penyesuaian Anggaran Dasar Perusahaan changes and adjustments to Regulation of
terhadap Peraturan Otoritas Jasa Keuangan Board of Financial Services Authority (POJK)
(POJK) No. 33/POJK.04/2014. Perubahan No. 33/POJK.04/2014. These changes were
tersebut telah disetujui oleh Menteri Hukum dan approved by the Minister of Laws and Human
Menteri Hak Asasi Manusia Republik Indonesia Rights of the Republic of Indonesia in his
dengan surat keputusannya No.AHU- decision letter No. AHU-0947396.AH.01.02
0947396.AH.01.02 Tahun 2015 tanggal Year 2015 dated December 7, 2015.
7 Desember 2015.
Pada tanggal 30 September 2011, Bank On September 30, 2011, the Bank increased its
melaksanakan penambahan penyertaan saham share-ownership in MIF by 17,370,000 shares
dalam MIF sebesar 17.370.000 saham dengan through exchanging asset in the form of
menggunakan aset inbreng dalam bentuk buildings with fair market value of Rp17,370.
bangunan dengan nilai wajar sebesar Such increase in share-ownership has been
Rp17.370. Penambahan penyertaan tersebut approved by Bank Indonesia as stated in its
sebelumnya telah disetujui oleh Bank Indonesia letter No. 13/104/DPB2/TPB2-5 dated
sebagaimana disebutkan dalam suratnya July 15, 2011. The amendment of MIF articles
No. 13/104/DPB2/TPB2-5 tanggal of association has been acknowledged and
15 Juli 2011. Perubahan anggaran dasar MIF registered by the Ministry of Laws and Human
telah diterima dan dicatat oleh Kementerian Rights of the Republic of Indonesia in its letter
Hukum dan Hak Asasi Manusia Republik No. AHU-AH.01.10-30085 dated September
Indonesia dengan surat No. AHU-AH.01.10- 22, 2011.
30085 tanggal 22 September 2011.
18
656 2024 Annual Report
Page 659
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Maybank Indonesia Finance (lanjutan) PT Maybank Indonesia Finance (continued)
Terdapat perubahan Anggaran Dasar MIF There is amendment of MIF’s Articles of
dengan akta notaris No. 25 tertanggal 8 Maret Association on notarial deed No. 25 dated
2022 dari Satria Amiputra A., SE, Ak, SH, MM, March 8, 2022 from Satria Amiputra A., SE, Ak,
MAk, MH, M.Kn terkait dengan Pasal 9 SH, MM, MAk, MH, M.Kn, related to Article 9 of
Anggaran Dasar Perseroan perihal tempat, the Company's Articles of Association
pemanggilan, dan pimpinan Rapat Umum regarding the place, summons, and chairman of
Pemegang Saham. Perubahan tersebut telah the General Meeting of Shareholders. The
disetujui oleh Menteri Hukum dan Hak Asasi amendment has been approved by the Minister
Manusia Republik Indonesia dengan surat of Law and Human Rights of the Republic of
keputusannya No. AHU-AH.01.03-0162396 Indonesia in his decision letter No. AHU-
Tahun 2022 tanggal 11 Maret 2022. AH.01.03-0162396 Year 2022 dated
March 11, 2022.
Jumlah karyawan entitas anak per The subsidiary had 940 and 915 employees as
31 Desember 2024 dan 2023 adalah masing- of December 31, 2024 and 2023, respectively.
masing 940 dan 915 karyawan.
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
Pada tanggal 16 September 2004, Bank telah On September 16, 2004, the Bank signed a
menandatangani Perjanjian Jual Beli Bersyarat Conditional Sale and Purchase Agreement
(CSPA) untuk mengakuisisi PT Wahana (CSPA) to acquire PT Wahana Ottomitra
Ottomitra Multiartha Tbk (WOM). CSPA Multiartha Tbk (WOM). The CSPA was
ini kemudian diubah pada tanggal 8 November amended on November 8, 2004 and May 3,
2004 dan 3 Mei 2005. Akuisisi ini diselesaikan 2005. The acquisition was completed on
pada tanggal 20 Mei 2005, dimana Bank May 20, 2005, with the Bank acquiring 43% of
mengakuisisi 43% dari jumlah saham yang the issued shares of WOM at a purchase price
dikeluarkan WOM dengan harga perolehan of Rp425,700 and with goodwill amounted to
Rp425.700 dan terdapat goodwill sebesar Rp201,470.
Rp201.470.
Berdasarkan CSPA tersebut, Bank Based on the CSPA, the Bank has control over
memperoleh kendali atas WOM. Oleh karena WOM. Thus since the completion date of the
itu sejak tanggal penyelesaian akuisisi tersebut acquisition, WOM’s financial statements have
laporan keuangan WOM dikonsolidasikan ke been consolidated into the Bank’s consolidated
dalam laporan keuangan konsolidasian Bank. financial statements.
Pada tanggal 18 Mei 2005, Bank telah On May 18, 2005, the Bank signed the
menandatangani perjanjian bersyarat dengan conditional agreement with International
International Finance Corporation (IFC) dimana Finance Corporation (IFC) where IFC has right
IFC memiliki hak untuk menawarkan kepada to offer the Bank to purchase 380,000,000
Bank untuk membeli 380.000.000 saham WOM shares of WOM (19% ownership in WOM) at a
(19% kepemilikan di WOM) pada harga yang predetermined price.
telah ditetapkan sebelumnya.
Pada tanggal 29 Juni 2006, Bank mengakuisisi On June 29, 2006, the Bank acquired an
tambahan 3,99% saham yang dikeluarkan additional 3.99% of the issued shares of WOM
WOM dengan harga perolehan Rp42.075 dan at a purchase price of Rp42,075 and with
terdapat goodwill sebesar Rp18.435. goodwill amounting to Rp18,435.
19
2024 Annual Report PT Bank Maybank Indonesia Tbk 657
Page 660
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
(lanjutan) (continued)
Pada tanggal 28 Juni 2007, Bank mengakuisisi On June 28, 2007, the Bank acquired an
tambahan 3,04% saham yang dikeluarkan additional 3.04% of the issued shares of WOM
WOM dengan harga perolehan Rp33.473 dan at a purchase price of Rp33,473 and with
terdapat goodwill sebesar Rp15.162. goodwill amounted to Rp15,162.
Melalui surat Bank Indonesia Based on Bank Indonesia letter
No. 7/24/DPwB1/PwB14/Rahasia tanggal No. 7/24/DPwB1/PwB14/Rahasia dated April
29 April 2005, No. 8/9/DPB2/TPB2-1/Rahasia 29, 2005, No. 8/9/DPB2/TPB2-1/Rahasia dated
tanggal 23 Juni 2006 dan June 23, 2006 and No. 9/106/DPB2/TPB2-5
No. 9/106/DPB2/TPB2-5 tanggal 27 Juni 2007 dated June 27, 2007 the Bank has obtained
Bank telah mendapatkan persetujuan dari Bank approval from Bank Indonesia for the
Indonesia atas akuisisi WOM. acquisition of WOM.
Pada tanggal 4 Juli 2011, Bank melaksanakan On July 4, 2011, the Bank increased its share-
penambahan penyertaan saham dalam WOM ownership in WOM by purchasing 239,400,000
dengan membeli sejumlah 239.400.000 saham shares owned by IFC representing 11.97%
milik IFC yang merupakan 11,97% dari total shares of the total issues shares in WOM. The
saham yang telah dikeluarkan dalam WOM. total purchase price is Rp125,110 including fee
Harga pembelian keseluruhan adalah cost amounting Rp276. Such increase in share-
Rp125.110 termasuk biaya transaksi sebesar ownership has been approved by Bank
Rp276. Penambahan penyertaan tersebut Indonesia as stated in its letter
sebelumnya telah disetujui oleh Bank Indonesia No. 13/23/DPB-2/TPB2-5 dated February 7,
sebagaimana disebutkan dalam suratnya 2011.
No. 13/23/DPB-2/TPB2-5 tanggal 7 Februari
2011.
Perubahan dalam bagian kepemilikan Bank An increase or decrease in the Bank’s
pada entitas anak yang tidak mengakibatkan ownership interest that does not result in a loss
hilangnya pengendalian dicatat sebagai of control is accounted for as an equity
transaksi ekuitas, dalam hal ini transaksi transaction, i.e. a transaction with owners in
dengan pemilik dalam kapasitasnya sebagai their capacity as owners. Any difference
pemilik. Sehingga setiap perbedaan antara between the amount by which the non-
jumlah kepentingan non-pengendali controlling interests are adjusted and their fair
disesuaikan dan nilai wajar imbalan yang value of the consideration paid or received shall
diberikan atau diterima diakui secara langsung be recognized directly in equity and attributed
dalam ekuitas dan diatribusikan pada pemilik to the owners of the parent. The difference in
entitas induk. Selisih perbedaan angka tercatat non-controlling value with the fair value of
kepentingan non-pengendali dengan nilai wajar consideration paid on the additional 11.97%
imbalan yang diberikan atas tambahan saham WOM shares amounted to Rp73,681 is
WOM sebesar 11,97% sejumlah recorded as “Difference in Transaction between
Rp73.681 dicatat sebagai “Selisih Transaksi Shareholders of a Subsidiary”.
antara Pemegang Saham Entitas Anak”.
20
658 2024 Annual Report
Page 661
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
(lanjutan) (continued)
Pada bulan Maret 2015, Bank mengakuisisi In March 2015, the Bank acquired an additional
tambahan 6,55% saham yang dikeluarkan 6.55% of the issued shares of WOM at a
WOM dengan harga perolehan Rp154.797 dan purchase price of Rp154,797 and with
terdapat penurunan ”Selisih Transaksi antara “Difference in Transaction between
Pemegang Saham Entitas Anak” sebesar Shareholders of a Subsidiary” decreased by
Rp16.368. Rp16,368.
Pada tanggal 11 Januari 2017, Bank telah On January 11, 2017, Bank has entered into a
menandatangani Perjanjian Pembelian Saham Conditional Shares Purchase Agreement (CSPA)
Bersyarat (CSPA) dengan PT Reliance Capital with PT Reliance Capital Management (RCM).
Management (RCM). Penandatanganan CSPA ini The signing of this CSPA purports to sell, transfer
bertujuan untuk menjual, memindahtangankan and deliver all shares of PT Wahana Ottomitra
dan mengalihkan seluruh saham yang dimiliki Multiartha Tbk (WOM) owned by the Bank to
Bank pada PT Wahana Ottomitra Multiartha Tbk RCM amounting to 2,386,646,729 shares which
(WOM) kepada RCM sebanyak 2.386.646.729 constitute 68.55% of the total issued and paid-up
lembar saham yang merupakan 68,55% dari total shares of WOM (Transfer of Shares).
saham yang ditempatkan dan disetor penuh pada
WOM (Pengalihan Saham).
Sejak tanggal 3 Mei 2017, Perjanjian Pembelian Since May 3, 2017, the Conditional Shares
Saham Bersyarat (Conditional Shares Purchase Agreement (CSPA) between the
Purchase Agreement, “CSPA”) antara Bank Bank and PT Reliance Capital Management
dan PT Reliance Capital Management (“RCM”) (RCM) signed on January 11, 2017 had been
yang telah ditandatangani pada tanggal terminated because up to April 30, 2017 several
11 Januari 2017 telah berakhir karena hingga precedent conditions had not been fulfilled. The
tanggal 30 April 2017 beberapa persyaratan termination status of this CSPA since May
pendahuluan belum dapat dipenuhi. Status 3, 2017 had been enforced and approved by
berakhirnya CSPA ini sejak tanggal Indonesian National Arbitration Council (BANI)
3 Mei 2017 telah dikuatkan dan disahkan oleh based on the arbitration decision dated May 4,
Badan Arbitrase Nasional Indonesia (BANI) 2018. However, there still remains ongoing
berdasarkan putusan arbitrase tertanggal 4 Mei legal proceedings on this matter being brought
2018. Namun, masih terdapat proses hukum by both parties in various jurisdictions. A further
yang sedang berjalan terkait hal ini yang legal proceeding brought against the Bank by
diajukan oleh kedua belah pihak di berbagai RCM at the Central Jakarta District Court has
lembaga yuridiksi. Proses hukum lebih lanjut been dismissed by the Central Jakarta District
terhadap Bank yang diajukan oleh RCM di Court on September 12, 2018.
Pengadilan Negeri Jakarta Pusat telah ditolak
oleh Pengadilan Negeri Jakarta Pusat pada
tanggal 12 September 2018.
21
2024 Annual Report PT Bank Maybank Indonesia Tbk 659
Page 662
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas anak dan kantor cabang luar negeri b. Subsidiaries and overseas branch
(lanjutan) (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
PT Wahana Ottomitra Multiartha Tbk PT Wahana Ottomitra Multiartha Tbk
(lanjutan) (continued)
Pada 30 Januari 2019, Perjanjian Perdamaian On January 30, 2019, a Settlement Agreement
telah ditandatangani oleh Bank dan RCM di was signed between the Bank and RCM
mana kedua belah pihak setuju untuk whereby both parties agree to drop all legal
membatalkan semua proses hukum dan proceedings and the return of RCM's deposit by
pengembalian simpanan RCM oleh Bank. RCM the Bank. RCM concurs that the CSPA has
menyetujui bahwa CSPA telah dihentikan sejak been terminated since May 3, 2017.
3 Mei 2017.
Dengan diakhirinya CSPA, Bank tetap secara Upon the CSPA termination, the Bank legally hold
sah memiliki 2.386.646.729 lembar saham yang 2,386,646,729 shares which constitute 68.55% of
mewakili 68,55% saham yang telah disetor dan the total issued and paid-up shares of WOM.
ditempatkan dalam WOM. WOM akan tetap WOM is still the Bank’s controlled subsidiary
merupakan anak perusahaan yang based on the prevailing laws and regulations.
dikendalikan oleh Bank berdasarkan peraturan
perundang-undangan yang berlaku.
Pada tanggal 24 Maret 2021, Bank telah On March 24, 2021, the Bank completed the
memindahkan 1,06% kepemilikan saham WOM transfer of 1.06% equity interest in WOM to a
kepada pihak ketiga. Pemindahan tersebut third party investor. The transfer was
dilakukan dalam rangka mematuhi ketentuan undertaken to ensure compliance with the IDX
BEI No. I-A Kep-00183/BEI/12-2018 Ketentuan Regulation No. I-A Kep-00183/BEI/12-2018
V.1. mengenai batas minimum jumlah saham Regulation V.1. regarding minimum free float
yang dimiliki publik. Namun, Bank tetap requirement for public. However, the Bank
mempertahankan eksposur ekonomisnya. Oleh continues to retains its economic
karena itu, pemindahan kepemilikan tersebut exposure. Therefore, the transfer has not
tidak menyebabkan penurunan kepentingan resulted in a decrease in the Bank’s effective
efektif Bank pada WOM. interest in WOM.
Jumlah karyawan tetap entitas anak per The subsidiary had 2,268 and 2,330 permanent
31 Desember 2024 dan 2023 adalah masing- employees as of December 31, 2024 and 2023,
masing 2.268 dan 2.330 karyawan. respectively.
Kantor cabang luar negeri Overseas branch
Bank memiliki lisensi operasional untuk cabang The Bank has operating licenses for the
di luar Indonesia, yakni: Mumbai (cabang following overseas branch: Mumbai (operating
operasional). branch).
Laporan keuangan cabang Bank di luar negeri The financial statements of the overseas
telah digabung dalam laporan keuangan Bank. branches were combined with the Bank’s
financial statements.
22
660 2024 Annual Report
Page 663
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank c. Public offering of the Bank’s shares
Pada bulan Oktober 1989, Bank menjual 12 juta In October 1989, the Bank sold 12 million
lembar saham Seri A dengan nilai nominal Series A shares with a par value of Rp1,000 (full
Rp1.000 (nilai penuh) per saham kepada amount) per share to the public through the
masyarakat melalui pasar modal di Indonesia capital market in Indonesia, in accordance with
sesuai dengan ketentuan Undang-undang the prevailing Capital Market Law.
Pasar Modal yang berlaku. Penjualan saham The Bank has received a notice
Seri A kepada masyarakat ini telah memperoleh of effectivity from the Capital Market
pernyataan efektif dari Badan Pengawas Pasar Supervisory Agency (“BAPEPAM”) through its
Modal (“BAPEPAM”) melalui suratnya No. SI- letter No. SI-058/SHM/MK.10/189 dated
058/SHM/MK.10/189 tanggal 2 Oktober 1989. October 2, 1989 for the sale of Series A shares
to the public.
Pada bulan Februari 1994, Bank melakukan In February 1994, the Bank executed Limited
Penawaran Umum Terbatas I kepada para Public Offering I (“right issue I”) to the
pemegang sahamnya (“rights issue I”). Dalam Shareholders. Through this limited public
penawaran ini telah diterbitkan sejumlah offering, 52,717,184 Series A shares had been
52.717.184 saham Seri A dengan nilai nominal issued with a par value of Rp1,000 (full amount)
Rp1.000 (nilai penuh) per saham, di mana per share in which, each holder of every five
ditentukan bahwa setiap pemegang lima saham Series A shares had the right to purchase one
Seri A mempunyai hak untuk memesan satu new Series A share at Rp4,000 (full amount)
saham Seri A dengan harga Rp4.000 (nilai per share. The rights issue I had been approved
penuh) per saham. Penawaran Umum Terbatas by the shareholders in the Shareholders’
I ini telah mendapat persetujuan dari para Extraordinary General Meeting held on January
pemegang saham dalam Rapat Umum 25, 1994. The Bank has received a notice of
Pemegang Saham Luar Biasa yang diadakan effectiveness from the BAPEPAM through its
pada tanggal 25 Januari 1994, dan memperoleh Decision Letter No. S-130/PM/1994 dated
pernyataan efektif dari BAPEPAM melalui Surat January 24,1994.
Keputusannya No. S-130/PM/1994 tanggal
24 Januari 1994.
Pada bulan Februari 1997, Bank melakukan In February 1997, the Bank sold 1,289,579,469
Penawaran Umum Terbatas II kepada para Series A shares through Limited Public Offering
pemegang sahamnya (“rights issue II”) II (“rights issue II”), in which 286,573,215 Series
sejumlah 1.289.579.469 saham Seri A di mana I warrants were attached. In this offering, each
melekat sejumlah 286.573.215 waran Seri I. holder of 27 Series A shares received a pre-
Setiap pemegang 27 saham Seri A mempunyai emptive rights for 18 new Series A shares with
Hak Memesan Efek Terlebih Dahulu untuk 18 a subscription price of Rp750 (full amount) per
saham baru Seri A dengan harga Rp750 (nilai share, and four Series I warrants were attached
penuh) per saham. Disamping itu, pada setiap to each group of 18 newly issued Series A
18 saham baru Seri A melekat empat Waran shares, free of charge. The subscription right
Seri I yang diberikan secara cuma-cuma. was exercisable in multiples of 9 Series A
Pemesanan pembelian akan dilakukan dalam shares for Rp6,750 (full amount). The total
kelipatan 9 saham Seri A senilai Rp6.750 (nilai proceeds from this rights issue II amounted to
penuh). Jumlah dana yang diperoleh dari Rp967,185. This rights issue II was approved
Penawaran Umum Terbatas II ini adalah by the shareholders in their Shareholders’
sebesar Rp967.185. Penawaran Umum Extraordinary General Meeting held on
Terbatas II ini telah mendapat persetujuan dari December 27, 1996. The Bank received a
para pemegang saham dalam Rapat Umum notice of effectivity from the BAPEPAM through
Pemegang Saham Luar Biasa yang diadakan its Decision Letter No. S-2093/PM/1996 dated
pada tanggal 27 Desember 1996. Bank December 28, 1996 for this rights issue II.
memperoleh pernyataan efektif dari BAPEPAM
melalui Surat Keputusannya No. S-
2093/PM/1996 tanggal 28 Desember 1996.
23
2024 Annual Report PT Bank Maybank Indonesia Tbk 661
Page 664
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Bank mengadakan Rapat Umum Pemegang The Bank held a Shareholders’ Extraordinary
Saham Luar Biasa pada tanggal General Meeting on March 31, 1999 where the
31 Maret 1999 untuk menyetujui rencana shareholders approved the Limited Public
Penawaran Umum Terbatas III kepada para Offering III (“rights issue III”) plans for
pemegang sahamnya (“rights issue III”). Dalam 62,101,383,408 new shares (Series B shares
penawaran ini diterbitkan sejumlah with a par value of Rp125 (full amount) per
62.101.383.408 saham baru (Seri B dengan nilai share) and 7,762,672,926 Series II warrants.
nominal Rp125 (nilai penuh) per saham) dan The Bank received a notice of effectivity from
7.762.672.926 waran Seri II. Bank memperoleh the BAPEPAM for rights issue III through its
pernyataan efektif dari BAPEPAM untuk Decision Letter No. S-434/PM/1999 on
Penawaran Umum Terbatas III melalui Surat March 30, 1999, and for the continuation of
Keputusannya No. S-434/PM/1999 tanggal 30 rights issue III through its Decision Letter
Maret 1999 dan untuk Penawaran Umum No. S-857/PM/1999 dated June 8, 1999. The
Terbatas III Lanjutan melalui Surat Keputusannya total proceeds from the rights issue III
No. S-857/PM/1999 tanggal 8 Juni 1999. Jumlah amounted to Rp4,486,424 (for 35,891,396,568
dana yang diperoleh dari Penawaran Umum Series B shares and 4,486,424,571 Series II
Terbatas III ini adalah sebesar Rp4.486.424 warrants), which were received by the Bank in
(untuk 35.891.396.568 saham Seri B dan April and June 1999.
4.486.424.571 waran Seri II) dan telah diterima
oleh Bank pada bulan April dan Juni 1999.
Pada tanggal 20 Mei 2002, Bank telah On May 20, 2002, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted a Statement of Registration
BAPEPAM melalui surat No. 2002.100/CMT- No. 2002.100/CMT-COC to the BAPEPAM
COC sehubungan dengan rencana rights issue regarding its plan for a rights issue or Limited
atau Penawaran Umum Terbatas IV dalam Public Offering IV with pre-emptive rights to the
rangka Penerbitan Hak Memesan Efek Terlebih shareholders of 38,973,254,169 shares with a
Dahulu kepada para pemegang saham par value of Rp125 (full amount) per share. The
sebanyak 38.973.254.169 saham dengan nilai Bank received a notice of effectivity from the
nominal Rp125 (nilai penuh) per saham. Bank BAPEPAM through its Decision Letter
memperoleh pernyataan efektif dari BAPEPAM No. S-1304/ PM/2002 on June 17, 2002 for this
untuk Penawaran Umum Terbatas IV melalui Limited Public Offering IV. On
Surat Keputusannya No. S-1304/PM/2002 June 18, 2002, the Bank held a Shareholders’
tanggal 17 Juni 2002. Pada tanggal 18 Juni Extraordinary General Meeting whereby the
2002, Bank mengadakan Rapat Umum shareholders approved the execution of the
Pemegang Saham Luar Biasa untuk menyetujui Limited Public Offering IV (“rights issue IV”).
pelaksanaan Penawaran Umum Terbatas IV The total proceeds from the Limited Public
kepada para pemegang sahamnya (“rights Offering IV held from July 11, 2002 up to
issue IV”). Jumlah dana yang diperoleh dari July 18, 2002 amounted to Rp4,813,000 (for
Penawaran Umum Terbatas IV yang 38,504,000,000 Series D shares), of which
dilaksanakan pada tanggal 11 Juli 2002 sampai Rp68,827 (for 550,618,490 Series D shares)
18 Juli 2002 adalah sebesar Rp4.813.000 was raised from the public and Rp4,744,173
(untuk 38.504.000.000 saham Seri D), yang (for 37,953,381,510 Series D shares) was
mana sebesar Rp68.827 (untuk 550.618.490 raised from the Government through the
saham Seri D) diperoleh dari masyarakat dan Indonesian Bank Restructuring Agency, who
sebesar Rp4.744.173 (untuk 37.953.381.510 acted as the standby buyer. The proceeds from
saham Seri D) diperoleh dari Pemerintah this rights issue IV were received by the Bank
melalui Badan Penyehatan Perbankan in July 2002.
Nasional yang bertindak sebagai pembeli siaga
(standby buyer). Dana yang diperoleh dari
Penawaran Umum Terbatas IV ini telah diterima
oleh Bank pada bulan Juli 2002.
24
662 2024 Annual Report
Page 665
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Pada tanggal 19 Februari 2010 melalui surat On February 19, 2010, through letter
No. S.2010.120/DIR LEGAL COMP & OTB dan No. S.2010.120/DIR LEGAL COMP & OTB and
tanggal 18 Maret 2010 melalui surat March 18, 2010 through letter
No. S.2010.190/DIR LEGAL COMP & OTB, No. S.2010.190/DIR LEGAL COMP & OTB, the
Bank telah mengajukan Pernyataan Bank submitted a Statement of Registration to
Pendaftaran kepada BAPEPAM sehubungan the BAPEPAM regarding its plan for a rights
dengan rencana rights issue atau Penawaran issue or Limited Public Offering V with pre-
Umum Terbatas V dalam rangka Penerbitan emptive rights to the shareholders of
Hak Memesan Efek Terlebih Dahulu kepada 6,253,554,529 Series D shares with a par value
para pemegang saham sebanyak of Rp22.50 (full amount) per share. The Bank
6.253.554.529 saham Seri D dengan nilai received a notice of effectivity from the
nominal Rp22,50 (nilai penuh) per saham. Bank BAPEPAM through its Decision Letter
memperoleh pernyataan efektif dari BAPEPAM No. S-2725/BL/2010 dated March 26, 2010.
untuk Penawaran Umum Terbatas V melalui This Limited Public Offering V was approved by
Surat Keputusannya No. S-2725/BL/2010 the shareholders in the Shareholders’
tanggal 26 Maret 2010. Penawaran Umum Extraordinary General Meeting held on
Terbatas V ini telah mendapat persetujuan dari March 26, 2010. The proceeds from this rights
para pemegang saham dalam Rapat Umum issue V amounted to Rp1,407,050 (for
Pemegang Saham Luar Biasa pada tanggal 6,253,554,529 Series D shares), which were
26 Maret 2010. Jumlah dana yang diperoleh received by the Bank in April 2010. Part of the
dari Penawaran Umum Terbatas V ini adalah proceeds amounting to Rp4,477 is used for
sebesar Rp1.407.050 (untuk 6.253.554.529 share issuance costs.
saham Seri D) dan telah diterima oleh Bank
pada bulan April 2010. Sebagian dari dana
diperoleh sebesar Rp4.477 digunakan sebagai
biaya emisi efek ekuitas.
Pada tanggal 26 Maret 2013 melalui surat On March 26, 2013, through letter
No. S.2013.036/DIR FIN, tanggal 24 April 2013 No. S.2013.036/DIR FIN, April 24, 2013
melalui surat No. S.2013.50/DIR FIN dan tanggal through letter No. S.2013.50/DIR FIN, and
21 Juni 2013 melalui surat June 21, 2013 through letter
No. S.2013.374/DIR COMPLIANCE, Bank telah No. S.2013.374/DIR COMPLIANCE, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted a Statement of Registration to the
Otoritas Jasa Keuangan (“OJK”) sehubungan Financial Services Authority (“OJK”) regarding
dengan rencana rights issue atau Penawaran its plan for a rights issue or Limited Public
Umum Terbatas VI dalam rangka Penerbitan Offering VI with pre-emptive rights to the
Hak Memesan Efek Terlebih Dahulu kepada shareholders of 4,690,165,897 Series D
para pemegang saham sebanyak shares with a par value of Rp22.50 (full amount)
4.690.165.897 saham Seri D dengan nilai per share. The Bank received a notice of
nominal Rp22,50 (nilai penuh) per saham. Bank effectivity from the OJK through its Decision
memperoleh pernyataan efektif dari OJK untuk Letter No. S-187/D.04/2013 dated
Penawaran Umum Terbatas VI melalui Surat June 26, 2013. This Limited Public Offering VI
Keputusannya No. S-187/D.04/2013 tanggal 26 was approved by the shareholders in the
Juni 2013. Penawaran Umum Terbatas VI ini Shareholders’ Extraordinary General Meeting
telah mendapat persetujuan dari para pemegang held on June 27, 2013. The proceeds from this
saham dalam Rapat Umum Pemegang Saham rights issue VI amounted to Rp1,500,854 (for
Luar Biasa pada tanggal 27 Juni 2013. Jumlah 4,690,165,897 Series D Shares), which were
dana yang diperoleh dari Penawaran Umum received by the Bank in July 2013. Part of the
Terbatas VI ini adalah sebesar Rp1.500.854 proceeds amounting to Rp4,702 is used for
(untuk 4.690.165.897 saham seri D) dan telah share issuance costs.
diterima oleh Bank pada bulan Juli 2013.
Sebagian dari dana diperoleh sebesar Rp4.702
digunakan sebagai biaya emisi efek ekuitas.
25
2024 Annual Report PT Bank Maybank Indonesia Tbk 663
Page 666
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Pada tanggal 23 Oktober 2014 melalui surat On October 23, 2014, through letter
No. S.2014.644/DIR COMPLIANCE dan No. S.2014.644/DIR COMPLIANCE and
tanggal 19 November 2014 melalui surat November 19, 2014 through letter
No. S.2014.738/DIR COMPLIANCE, Bank telah No. S.2014.738/DIR COMPLIANCE, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted a Statement of Registration to the
OJK sehubungan dengan rencana rights OJK regarding its plan for a rights issue or
issue atau Penawaran Umum Terbatas VII Limited Public Offering VII with pre-emptive
dalam rangka Penerbitan Hak Memesan Efek rights to the shareholders of 6,774,684,073
Terlebih Dahulu kepada para pemegang saham Series D shares with a par value of Rp22.50
sebanyak 6.774.684.073 saham Seri D dengan (full amount) per share. The Bank received a
nilai nominal Rp22,50 (nilai penuh) per saham. notice of effectivity from the OJK through its
Bank memperoleh pernyataan efektif dari OJK Decision Letter No. S-493/D.04/2014 dated
untuk Penawaran Umum Terbatas VII melalui November 27, 2014. This Limited Public
Surat Keputusannya No. S-493/D.04/2014 Offering VII was approved by the shareholders
tanggal 27 November 2014. Penawaran Umum in the Shareholders’ Extraordinary General
Terbatas VII ini telah mendapat persetujuan Meeting held on November 28, 2014. The
dari para pemegang saham dalam Rapat proceeds from this rights issue VII amounted to
Umum Pemegang Saham Luar Biasa pada Rp1,497,205 (for 6,774,684,073 Series D
tanggal 28 November 2014. Jumlah dana yang Shares), which were received by the Bank in
diperoleh dari Penawaran Umum Terbatas VII December 2014. Part of the proceeds
ini adalah sebesar Rp1.497.205 (untuk amounting to Rp8,238 is used for share
6.774.684.073 saham seri D) dan telah diterima issuance costs.
oleh Bank pada bulan Desember 2014.
Sebagian dari dana diperoleh sebesar
Rp8.238 digunakan sebagai biaya emisi efek
ekuitas.
Pada tanggal 11 April 2018 melalui surat On April 11, 2018, through its letter
No.S.2018.249/DIR COMPLIANCE, Bank telah No.S.2018.249/DIR COMPLIANCE, the Bank
mengajukan Pernyataan Pendaftaran kepada submitted the Registration Statement to OJK
OJK sehubungan dengan Penawaran Umum regarding the plan for Limited Public Offering
Terbatas VIII dalam rangka Penambahan VIII for Capital Increase with pre-emptive rights
Modal dengan Hak Memesan Efek Terlebih (Right issues) to the shareholders maximum of
Dahulu (HMETD/Rights issue) kepada para 12,800,000,000 Series D shares with a par
pemegang saham sebanyak-banyaknya value of Rp22.50 (full amount) per share.
sebesar 12.800.000.000 saham Seri D dengan
nilai nominal Rp22,50 (nilai penuh) per saham.
Pada tanggal 4 Mei 2018 melalui surat On May 4, 2018, through its letter
No.S.2018.437/DIR FIN, Bank telah No.S.2018.437/DIR FIN, the Bank submitted
menyampaikan keterangan tambahan/ additional information/ amendments to the
perubahan atas Pernyataan Pendaftaran Registration Statement in connection with the
sehubungan dengan Penawaran Umum Limited Public Offering VIII for Capital Increase
Terbatas VIII dalam rangka Penambahan with Pre-emptive Rights (Rights issue) in which
Modal dengan Hak Memesan Efek Terlebih the number of shares to be issued is
Dahulu (HMETD/Rights issue) dimana jumlah 8,468,355,091 Series D shares with a nominal
saham yang akan diterbitkan sebesar value of Rp22.50 per share.
8.468.355.091 saham Seri D dengan nilai
nominal Rp22,50 per saham.
26
664 2024 Annual Report
Page 667
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran umum efek Bank (lanjutan) c. Public offering of the Bank’s shares
(continued)
Bank memperoleh Surat Pernyataan Efektif dari The Bank received the Effective Statement
OJK atas Penawaran Umum Terbatas VIII Letter from the OJK for the Right Issue VIII
melalui Surat OJK No. S-52/D.04/2018 tanggal through its Letter No. S-52/D.04/2018 dated
21 Mei 2018. May 21, 2018.
Jumlah dana yang diperoleh dari Penawaran The proceeds from this Rights Issue VIII
Umum Terbatas VIII ini adalah sebesar amounted to Rp1,998,532 (for 8,468,355,091
Rp1.998.532 (untuk 8.468.355.091 saham seri Series D Shares) were received by the Bank in
D) telah diterima oleh Bank pada bulan June 2018. Part of the proceeds amounting to
Juni 2018. Sebagian dari dana diperoleh Rp6,205 were used for share issuance costs.
sebesar Rp6.205 digunakan sebagai biaya
emisi efek ekuitas.
Pada tanggal 31 Desember 2024 dan 2023 As of December 31, 2024 and 2023 all of the
seluruh saham Bank (maksimum 99% sesuai Bank’s shares (maximum of 99% based on
dengan Peraturan Pemerintah No. 29 tahun Government Regulation No. 29 of 1999) or
1999) atau masing-masing sejumlah 75,357,433,911 and 75,357,433,911 shares,
75.357.433.911 dan 75.357.433.911 saham respectively, were listed on the Indonesia Stock
telah dicatatkan pada Bursa Efek Indonesia Exchange (IDX).
(BEI).
d. Susunan pengurus Bank d. Composition of the Bank’s management
Susunan Dewan Komisaris pada tanggal The composition of the Board
31 Desember 2024 dan 2023 adalah sebagai of Commissioners as of December 31, 2024
berikut: and 2023 are as follows:
31 Desember/December 31, 2024
Presiden Komisaris Dato' Khairussaleh Ramli President Commissioner
Komisaris Edwin Gerungan Commissioner
Komisaris Datuk Lim Hong Tat Commissioner
Komisaris Dato’ Zulkiflee Abbas Abdul Hamid Commissioner
Komisaris Independen Achjar Iljas Independent Commissioner
Komisaris Independen Hendar Independent Commissioner
Komisaris Independen Putut Eko Bayuseno Independent Commissioner
Komisaris Independen Marina R. Tusin Independent Commissioner
Komisaris Independen Daniel James Rompas*) Independent Commissioner
*) Pengangkatan Daniel James Rompas sebagai Komisaris *) The appointment of Daniel James Rompas as Independent
Independen Perseroan telah efektif menjabat sebagai Komisaris Commissioner of the Company has effectively served as the Company's
Independen Perseroan sejak 20 Januari 2025. Independent Commissioner since 20 January 2025.
31 Desember/December 31, 2023
Presiden Komisaris Dato' Khairussaleh Ramli President Commissioner
Komisaris Edwin Gerungan Commissioner
Komisaris Datuk Lim Hong Tat Commissioner
Komisaris Dato’ Zulkiflee Abbas Abdul Hamid Commissioner
Komisaris Independen Budhi Dyah Sitawati Independent Commissioner
Komisaris Independen Achjar Iljas Independent Commissioner
Komisaris Independen Hendar Independent Commissioner
Komisaris Independen Putut Eko Bayuseno Independent Commissioner
27
2024 Annual Report PT Bank Maybank Indonesia Tbk 665
Page 668
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Susunan pengurus Bank (lanjutan) d. Composition of the Bank’s management
(continued)
Susunan Direksi pada tanggal 31 Desember The composition of the Board of Directors as of
2024 dan 2023 adalah sebagai berikut: December 31, 2024 and 2023, are as follows:
31 Desember/December 31, 2024
Presiden Direktur Steffano Ridwan President Director
Direktur Keuangan Shaiful Adhli Yazid Finance Director
Direktur Sumber Daya Manusia Irvandi Ferizal Human Capital Director
Direktur Manajemen Risiko Effendi Risk Management Director
Direktur Hukum & Kepatuhan Yessika Effendi Legal & Compliance Director
Direktur Operasional Widya Permana Operations Director
Direktur Community Financial Services Bianto Surodjo Community Financial Services Director
Direktur Perbankan Global Ricky Antariksa Global Banking Director
Direktur Teknologi Informasi Bambang Andri Irawan Information Technology Director
Direktur Unit Usaha Syariah Romy Hardiansyah Sharia Business Unit Director
31 Desember/December 31 , 2023
Presiden Direktur Taswin Zakaria President Director
Direktur Keuangan Thilagavathy Nadason Finance Director
Direktur Sumber Daya Manusia Irvandi Ferizal Human Capital Director
Direktur Manajemen Risiko Effendi Risk Management Director
Direktur Hukum & Kepatuhan Muhamadian Legal & Compliance Director
Direktur Operasional Widya Permana Operations Director
Direktur Community Financial Services Steffano Ridwan Community Financial Services Director
Direktur Perbankan Global Ricky Antariksa Global Banking Director
Direktur Teknologi Informasi Bambang Andri Irawan Information Technology Director
Susunan Dewan Pengawas Syariah Bank pada The composition of the Sharia Supervisory
tanggal 31 Desember 2024 dan 2023 adalah Board as of December 31, 2024 and 2023, are
sebagai berikut: as follows:
31 Desember/December 31, 2024
Ketua Muhammad Anwar Ibrahim*) Chairman
Ketua M. Sa'ad Ih*) Chairman
Anggota Sodikun Member
Anggota Ahmad Satori Member
*) Muhammad Anwar Ibrahim tetap dapat melaksanakan jabatan dan *) Muhammad Anwar Ibrahim may continue to carry out his position and
kewenangannya sebagai Ketua Dewan Pengawas Syariah Perseroan authority as Chairman of the Company's Sharia Supervisory Board until
sampai dengan M. Sa’ad Ih telah efektif menjalankan jabatan dan M. Sa’ad Ih has effectively carried out his position and authority as
kewenangan sebagai Ketua Dewan Pengawas Syariah Perseroan Chairman of the Company’s Sharia Supervisory Board after fulfilling all
setelah memenuhi semua persyaratan berdasarkan peraturan requirements based on applicable laws and regulations. With the
perundangan yang berlaku. Dengan telah efektifnya M. Sa’ad Ih dalam effectiveness of M. Sa'ad Ih as Chairman of the Company's Sharia
menjalankan jabatan dan kewenangan sebagai Ketua Dewan Supervisory Board on 10 January 2025, Muhammad Anwar Ibrahim's
Pengawas Syariah Perseroan pada tanggal 10 Januari 2025, maka position and authority as Chairman of the Company's Sharia
jabatan dan kewenangan Muhammad Anwar Ibrahim sebagai Ketua Supervisory Board has ended.
Dewan Pengawas Syariah Perseroan berakhir.
28
666 2024 Annual Report
Page 669
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Susunan pengurus Bank (lanjutan) d. Composition of the Bank’s management
(continued)
Susunan Dewan Pengawas Syariah Bank pada The composition of the Sharia Supervisory
tanggal 31 Desember 2024 dan 2023 adalah Board as of December 31, 2024 and 2023, are
sebagai berikut: (lanjutan) as follows: (continued)
31 Desember/December 31, 2023
Ketua Muhammad Anwar Ibrahim Chairman
Anggota Abdul Jabar Majid Member
Anggota Mohammad Bagus Teguh Perwira Member
Susunan Komite Audit Bank pada tanggal The Bank’s Audit Committee as of December
31 Desember 2024 dan 2023 adalah sebagai 31, 2024 and 2023, are as follows:
berikut:
31 Desember/December 31, 2024
Ketua Achjar Iljas Chairman
Anggota Hendar Member
Anggota Putut Eko Bayuseno Member
Anggota Yetti Septirawati Member
Sekretaris Eksekutif/ Executive Secretary/
Anggota Dawny Rachella Tahar Member
31 Desember/December 31, 2023
Ketua Hendar Chairman
Anggota Achjar Iljas Member
Anggota Putut Eko Bayuseno Member
Anggota Yetti Septirawati Member
Sekretaris Eksekutif/ Executive Secretary/
Anggota Budi Rahayu Member
Per tanggal 31 Desember 2024, Sekretaris As of December 31, 2024, Corporate Secretary
Perusahaan Bank adalah Putu Dewika of the Bank is Putu Dewika Angganingrum
Angganingrum berdasarkan Surat Keputusan based on Board of Directors Decree No.
Direksi No.SK.2024.001/DIR COMPLIANCE SK.2024.001/DIR COMPLIANCE dated 1 April
tanggal 1 April 2024. Per tanggal 31 Desember 2024. As of December 31, 2023, Corporate
2023, Sekretaris Perusahaan Bank adalah Secretary of the Bank is Muhamadian based on
Muhamadian berdasarkan Surat Keputusan Board of Directors Decree No.
Direksi No.SK.2023.002/DIR COMPLIANCE SK.2023.002/DIR COMPLIANCE dated March
tanggal 21 Maret 2023. 21, 2023.
Per tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the Internal
Kepala Satuan Kerja Audit Intern (SKAI) adalah Audit Unit (SKAI) Head is Hariseno Acharyama
Hariseno Acharyama berdasarkan Surat based on the Board of Directors Decree
Keputusan Direksi No. SK.PERS.2019.0857/ No.SK.PERS.2019.0857/ DIRHC dated May 1,
DIRHC tanggal 1 Mei 2019. 2019.
Pengangkatan Daniel James Rompas sebagai The appointment of Daniel James Rompas as
Komite Audit Perseroan telah efektif menjabat Audit Committee of the Company has effectively
sebagai Komite Audit Perseroan sejak 20 served as the Company's Audit Committee since
Januari 2025. 20 January 2025.
29
2024 Annual Report PT Bank Maybank Indonesia Tbk 667
Page 670
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES
Kebijakan akuntansi utama yang diterapkan dalam The principal accounting policies adopted in
penyusunan laporan keuangan konsolidasian Bank preparing the consolidated financial statements of
dan entitas anaknya adalah seperti dijabarkan di the Bank and subsidiaries are set out below:
bawah ini:
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian financial statements
Pernyataan Kepatuhan Statement of Compliance
Laporan keuangan konsolidasian untuk tahun The consolidated financial statements as of and
yang berakhir pada tanggal 31 Desember 2024 for the year ended December 31, 2024 and
dan 2023 disusun dan disajikan sesuai dengan 2023, were prepared and presented in
Standar Akuntansi Keuangan di Indonesia. accordance with Indonesian Financial
Accounting Standards.
Laporan keuangan konsolidasian juga disusun The consolidated financial statements have
dan disajikan sesuai dengan peraturan Badan also been prepared and presented in
Pengawas Pasar Modal dan Lembaga accordance with Capital Market and
Keuangan (“BAPEPAM-LK”) No. VIII.G.7 yang Financial Institution Supervisory Agency
merupakan lampiran Keputusan Ketua (“BAPEPAM-LK”) rule No. VIII.G.7, Attachment
BAPEPAM-LK No. KEP-347/BL/2012 tanggal to Decision of BAPEPAM-LK Chairman
25 Juni 2012 tentang "Penyajian dan No. KEP-347/BL/2012 dated June 25, 2012, on
Pengungkapan Laporan Keuangan Emiten atau the “Financial Statements Presentation and
Perusahaan Publik". Disclosure for Issuers or Public Companies”.
Unit Usaha Syariah (UUS) yang beroperasi Sharia Business Unit (UUS) which operates in
dalam bidang perbankan dengan prinsip banking industry with sharia principles is
syariah disajikan sesuai dengan PSAK presented in accordance to SFAS No. 401
No. 401 tentang “Penyajian Laporan Keuangan regarding “Sharia Financial Statements
Syariah”, PSAK No. 402 tentang “Akuntansi Presentation”, SFAS No. 402 regarding
Murabahah”, PSAK No. 404 tentang “Akuntansi “Murabahah Accounting”, SFAS No. 104
Istishna”, PSAK No. 405 tentang “Akuntansi regarding “Istishna’ Accounting”, SFAS
Mudharabah”, PSAK No. 406 tentang No. 405 regarding “Mudharabah Accounting”,
“Akuntansi Musyarakah” dan PSAK No. 407 SFAS No. 406 regarding “Musyarakah
tentang “Akuntansi Ijarah”, PSAK No. 410 Accounting” and SFAS No. 407 regarding
tentang “Akuntansi Sukuk”, PSAK No.411 “Ijarah Accounting”, SFAS No. 410 regarding
tentang “Wa’d” dan Pedoman Akuntansi “Sukuk Accounting”, SFAS No.411 regarding
Perbankan Syariah Indonesia (PAPSI) yang “Wa’d” and Guidelines for Indonesian Sharia
diterbitkan oleh Bank Indonesia dan Ikatan Bank Accounting (PAPSI) issued by Bank
Akuntan Indonesia (IAI). Indonesia and Indonesian Accountant
Association (IAI).
Laporan keuangan konsolidasian disusun The consolidated financial statements have
berdasarkan harga perolehan kecuali untuk been prepared under the historical cost
beberapa akun yang dinilai menggunakan convention except for certain accounts which
dasar pengukuran lain sebagaimana dijelaskan have been valued on another measurement
pada kebijakan akuntansi dari akun tersebut. basis as explained in the accounting policy for
Laporan keuangan konsolidasian disusun such accounts. The consolidated financial
dengan metode akrual kecuali laporan arus kas statements are prepared under the accrual
konsolidasian. basis of accounting, except the consolidated
statements of cash flows.
30
668 2024 Annual Report
Page 671
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian (lanjutan) financial statements (continued)
Pernyataan Kepatuhan (lanjutan) Statement of Compliance (continued)
Bank menerapkan amandemen PSAK No. 207 Bank has applied amendment of SFAS No. 207
(Revisi 2016), “Laporan Arus Kas (Prakarsa (2016), ”Statement of Cashflows (Disclosure
Pengungkapan)” yang mengharuskan adanya Initiative)” which requires disclosure of changes
pengungkapan atas perubahan liabilitas yang in liability from funding activity, including
timbul dari aktivitas pendanaan, termasuk changes from cash flow as well as changes
perubahan yang timbul dari arus kas maupun from non cash. The consolidated statements of
perubahan non kas. Laporan arus kas cash flows were prepared based on the direct
konsolidasian disusun dengan menggunakan method with cash flows classified into cash
metode langsung dengan mengelompokkan flows from operating, investing and financing
arus kas dalam aktivitas operasi, investasi dan activities. For the purpose of the consolidated
pendanaan. Untuk tujuan laporan arus kas statements of cash flows, cash and cash
konsolidasian, kas dan setara kas mencakup equivalents include cash, current accounts with
kas, giro pada Bank Indonesia dan giro pada Bank Indonesia and other banks, placements
bank lain, penempatan pada Bank Indonesia with Bank Indonesia and other banks and
dan bank lain dan Sertifikat Bank Indonesia Certificates of Bank Indonesia maturing within
yang jatuh tempo dalam 3 (tiga) bulan dari 3 (three) months from the date of acquisition.
tanggal akuisisi.
Kas adalah mata uang kertas dan logam baik Cash represents currency bills and coins, both
Rupiah dan mata uang asing yang masih in Rupiah and foreign currencies, which are
berlaku sebagai alat pembayaran yang sah. valid as legal instruments of payment.
Kas yang telah ditentukan penggunaannya atau Predetermined cash or cash that cannot be
kas yang tidak dapat digunakan secara bebas used freely cannot be classified under cash.
tidak diklasifikasi dalam kas. Pengertian kas Cash also includes cash in vault, petty cash,
termasuk kas besar, kas kecil, kas ATM, kas ATM cash, cash in transit and currency
dalam perjalanan dan mata uang Rupiah dan withdrawn from circulation and still within the
mata uang asing yang ditarik dari peredaran grace period for exchange with Bank Indonesia
dan yang masih dalam tenggang waktu untuk or related country’s central bank.
penukaran ke Bank Indonesia atau bank sentral
negara yang bersangkutan.
Dalam penyusunan laporan keuangan The preparation of consolidated financial
konsolidasian sesuai dengan standar akuntansi statements in conformity with financial
keuangan di Indonesia, dibutuhkan estimasi accounting standards in Indonesia, requires the
dan asumsi yang mempengaruhi: use of estimates and assumptions that affect:
a. nilai aset dan liabilitas dilaporkan dan a. the reported amounts of assets and
pengungkapan atas aset dan liabilitas liabilities and disclosure of contingent
kontinjensi pada tanggal laporan keuangan assets and liabilities at the date of the
konsolidasian, consolidated financial statements,
b. jumlah pendapatan dan beban selama b. the reported amounts of revenues and
periode pelaporan. expenses during the reporting period.
Walaupun estimasi ini dibuat berdasarkan Although these estimates are based on
pengetahuan terbaik manajemen atas kejadian management’s best knowledge of current
dan tindakan saat ini, hasil yang timbul mungkin events and activities, actual results may differ
berbeda dengan jumlah yang diestimasi from those estimates.
semula.
31
2024 Annual Report PT Bank Maybank Indonesia Tbk 669
Page 672
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian (lanjutan) financial statements (continued)
Pernyataan Kepatuhan (lanjutan) Statement of Compliance (continued)
Estimasi-estimasi dan asumsi-asumsi yang Estimates and assumptions are reviewed on an
digunakan ditelaah secara berkesinambungan. ongoing basis. Revisions to accounting
Revisi atas taksiran akuntansi diakui pada estimates are recognized in the period in which
periode dimana taksiran tersebut direvisi dan the estimates are revised and in any future
periode-periode yang akan datang yang period affected.
dipengaruhi oleh revisi estimasi tersebut.
Seluruh angka dalam laporan keuangan Figures in the consolidated financial statements
konsolidasian ini, kecuali dinyatakan lain, are rounded to and stated in millions of Rupiah
dibulatkan menjadi jutaan Rupiah. unless otherwise stated.
b. Akuntansi Bank dan entitas anak b. Bank and subsidiaries accounting
Laporan keuangan konsolidasian meliputi The consolidated financial statements include
laporan keuangan Bank beserta seluruh entitas the financial statements of the Bank and all
anak yang berada di bawah pengendalian subsidiaries that are controlled by the Bank.
Bank.
Dalam hal pengendalian terhadap entitas anak Where an entity either began or ceased to be
dimulai atau diakhiri dalam suatu tahun controlled during the year, the results of
berjalan, maka hasil usaha entitas anak yang operations of subsidiaries are included in the
diperhitungkan ke dalam laporan keuangan consolidated financial statements only from the
konsolidasian hanya sebatas hasil pada saat date that the control commenced or up to the
pengendalian tersebut mulai diperoleh atau date that control ceased.
hingga saat pengendalian atas entitas anak itu
berakhir.
Pengendalian didapat ketika Bank terekspos Control is acquired when Bank is exposed or
atau memiliki hak atas imbal hasil variabel dari has right to variable returns from its involvement
keterlibatannya dengan Entitas Anak dan with a Subsidiaries and has the ability to affect
memiliki kemampuan untuk mempengaruhi those returns through its power over a
imbal hasil tersebut melalui kekuasaannya atas Subsidiaries.
Entitas Anak.
Bank mengendalikan Entitas Anak Jika dan Bank control a Subsidiary if, and only if, Bank
hanya jika Bank memiliki hal berikut ini: has the following:
a) kekuasaan atas Entitas Anak (hak yang a) power over a Subsidiary (existing right that
ada saat ini yang memberi kemampuan kini provide the current ability to direct the
untuk mengarahkan aktivitas relevan yang relevant activities that significantly affect
secara signifikan mempengaruhi imbal returns of a Subsidiary);
hasil Entitas Anak);
b) eksposur atau hak atas imbal hasil variable b) exposure or right to variable returns from its
dari keterlibatannya dengan Entitas Anak; involvement with the Subsidiary; and
dan
c) kemampuan untuk menggunakan c) the ability to use its power over the
kekuasaannya atas Entitas Anak untuk Subsidiary to affect the amount of the
mempengaruhi jumlah imbal hasil Bank. Bank’s returns.
32
670 2024 Annual Report
Page 673
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
b. Akuntansi Bank dan entitas anak (lanjutan) b. Bank and subsidiaries accounting
(continued)
Dalam mencatat akuisisi entitas anak The purchase method of accounting is used to
digunakan metode pembelian. Sebelum account for the acquisition of subsidiaries.
1 Januari 2011, biaya akuisisi diukur sebesar Before January 1, 2011, the cost of an
nilai wajar aset yang diserahkan, saham yang acquisition is measured as the fair value of the
diterbitkan atau liabilitas yang diambil alih pada assets given up, shares issued or liabilities
tanggal akuisisi, ditambah biaya yang berkaitan undertaken at the date of acquisition plus costs
secara langsung dengan akuisisi. Setelah directly attributable to the acquisition. After
1 Januari 2011, biaya transaksi, selain biaya January 1, 2011, transaction cost, excluding
yang berhubungan dengan penerbitan debt or equity instrument issuance cost, which
instrumen utang atau ekuitas yang ditanggung was borne by the Bank in relation with business
oleh Bank dengan kombinasi bisnis dibebankan combination, is charged to expense when
pada saat terjadinya. Kelebihan biaya akuisisi incurred. The excess of the cost of acquisition
atas nilai wajar aset neto entitas anak dicatat over the fair value of the net assets of the
sebagai goodwill (Catatan 2.q.i untuk kebijakan subsidiaries acquired is recorded as goodwill
akuntansi atas goodwill). (Note 2.q.i for the accounting policy on
goodwill).
Seluruh saldo dan transaksi antar perusahaan All significant inter-company balances and
yang signifikan termasuk keuntungan/kerugian transactions, including unrealized gain/loss, are
yang belum direalisasi, dieliminasi untuk eliminated in the consolidation to reflect the
mencerminkan posisi keuangan dan hasil financial position and results of operations of
usaha Bank dan entitas anak sebagai satu the Bank and subsidiaries as one business
kesatuan usaha. entity.
Laporan keuangan konsolidasian disusun The consolidated financial statements are
dengan menggunakan kebijakan akuntansi prepared using uniform accounting policy for
yang sama untuk peristiwa dan transaksi transactions and events in similar
sejenis dalam kondisi yang sama. Kebijakan circumstances. The accounting policies
akuntansi yang digunakan dalam laporan adopted in preparing the consolidated financial
keuangan konsolidasian, telah diterapkan statements have been consistently applied by
secara konsisten oleh entitas anak, kecuali bila the subsidiaries unless otherwise stated.
dinyatakan lain.
Kepentingan non-pengendali atas laba neto dan Non-controlling interest represents the minority
ekuitas entitas anak dinyatakan sebesar shareholders’ proportionate share in the net
proporsi pemegang saham minoritas atas laba income and equity of the subsidiaries, which is
neto dan ekuitas entitas anak tersebut sesuai presented based on the percentage of
dengan persentase kepemilikan pemegang ownership of the minority shareholders in the
saham minoritas pada entitas anak tersebut. subsidiaries.
c. Penjabaran mata uang asing c. Foreign currency translations
i. Mata uang penyajian i. Presentation currency
Laporan keuangan konsolidasian The consolidated financial statements are
dijabarkan dalam mata uang Rupiah, yang presented in Rupiah, which is the functional
merupakan mata uang fungsional Bank dan currency of the Bank and subsidiaries.
entitas anak.
33
2024 Annual Report PT Bank Maybank Indonesia Tbk 671
Page 674
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
c. Penjabaran mata uang asing (lanjutan) c. Foreign currency translations (continued)
ii. Transaksi dan saldo dalam mata uang asing ii. Transactions and balances in foreign
currency
Transaksi dalam mata uang asing Transactions denominated in foreign
dijabarkan ke mata uang Rupiah dengan currencies are converted into Rupiah using
menggunakan kurs yang berlaku pada the prevailing exchange rate at the
tanggal transaksi. Pada tanggal pelaporan, transaction date. Per reporting date,
aset dan liabilitas moneter dalam mata uang monetary assets and liabilities
asing dijabarkan ke mata uang Rupiah denominated in foreign currencies are
dengan menggunakan kurs yang berlaku converted into Rupiah using the prevailing
pada tanggal pelaporan tersebut. exchange rate at that date.
Keuntungan dan kerugian selisih kurs yang Exchange gains and losses arising on
timbul dari transaksi dalam mata uang asing transactions in foreign currency and on the
dan dari penjabaran aset dan liabilitas translation of foreign currency monetary
moneter dalam mata uang asing, diakui assets and liabilities are recognized in the
pada laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian, kecuali other comprehensive income, except when
apabila ditangguhkan pada ekuitas karena deferred in equity because meet criteria as
memenuhi kualifikasi/kriteria sebagai qualifying cash flow hedges.
lindung nilai arus kas (cash flow hedges).
Selisih penjabaran mata uang asing atas Translation differences on debt securities
efek utang dan aset moneter keuangan lain and other monetary financial assets
yang diukur berdasarkan nilai wajar dicatat measured at fair value are included in
sebagai bagian dari keuntungan dan foreign exchange gains and losses.
kerugian selisih kurs.
iii. Kantor cabang luar negeri iii. Overseas branches
Cabang Bank yang berkedudukan di luar Branches of the Bank domiciled outside of
negeri menyelenggarakan pembukuannya Indonesia maintain their accounting
dalam mata uang negara tempat records in their respective domestic
kedudukannya. currencies.
Untuk tujuan konsolidasian, laporan For consolidation purposes, the financial
keuangan kantor cabang luar negeri statements of overseas branches are
dijabarkan dalam Rupiah, dengan kurs translated into Rupiah, using these
sebagai berikut: following exchange rates:
• Aset dan liabilitas serta komitmen dan • Assets and liabilities, commitments and
kontinjensi menggunakan kurs spot contingencies at the Reuters spot rates
Reuters pukul 16.00 Waktu Indonesia at 16.00 Western Indonesian Time
Barat pada tanggal laporan posisi prevailing at the consolidated
keuangan konsolidasian; statement of financial position dates;
• Pendapatan, beban, keuntungan dan • Revenue, expenses, gains and losses
kerugian menggunakan rata-rata kurs at the average Reuters middle rates at
tengah Reuters pukul 16.00 Waktu 16.00 Western Indonesian Time during
Indonesia Barat yang berlaku selama the period of reporting;
periode laporan;
34
672 2024 Annual Report
Page 675
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
c. Penjabaran mata uang asing (lanjutan) c. Foreign currency translations (continued)
iii. Kantor cabang luar negeri (lanjutan) iii. Overseas branches (continued)
• Akun modal dijabarkan dengan • Equity accounts are recorded using the
menggunakan kurs historis; dan historical rate; and
• Selisih yang timbul dari proses • The resulting translation adjustment is
penjabaran tersebut disajikan dalam presented in the consolidated
laporan posisi keuangan konsolidasian statements of financial position as part
pada sisi ekuitas dan pendapatan of the other comprehensive income and
komprehensif lainnya sebagai selisih kurs equity as a differences arising from the
karena penjabaran laporan keuangan translation of foreign currency financial
dalam mata uang asing. statements.
Berikut ini adalah kurs mata uang asing Below are the major exchange rates used
utama yang digunakan untuk penjabaran ke for translation to Rupiah as of
dalam Rupiah pada tanggal December 31, 2024 and 2023, using the
31 Desember 2024 dan 2023 yang Reuters middle rate (at 16.00 Western
menggunakan kurs tengah Reuters (Pukul Indonesia Time) (full amount of Rupiah):
16.00 Waktu Indonesia Barat) (Rupiah
penuh):
31 Desember/December 31
2024 2023
1 Dolar Amerika Serikat (USD)/Rp 16.095 15.397 United States Dollar 1/Rp
100 Yen Jepang(JPY)/Rp 10.303 10.888 Japanese Yen 100/Rp
1 Dolar Singapura (SGD)/Rp 11.845 11.676 Singapore Dollar 1/Rp
100 Rupee India (INR)/Rp 18.798 18.518 Indian Rupee 100/Rp
d. Aset dan liabilitas keuangan d. Financial assets and liabilities
i. Aset dan liabilitas keuangan i. Financial assets and liabilities
Aset keuangan diklasifikasikan sebagai aset Financial assets have classified as financial
keuangan yang diukur berdasarkan biaya assets measured at amortised cost, financial
perolehan diamortisasi, aset keuangan assets measured at fair value through other
diukur dengan nilai wajar melalui comprehensive income, and financial assets
penghasilan komprehensif lain, dan aset measured at fair value through profit or loss.
keuangan diukur dengan nilai wajar melalui
laporan laba rugi.
Sedangkan, liabilitas keuangan Meanwhile, financial liabilities are classified
diklasifikasikan sebagai liabilitas keuangan as financial liabilities measured at amortised
yang diukur berdasarkan biaya perolehan cost and financial liabilities measured at fair
diamortisasi dan liabilitas keuangan yang value through profit or loss.
diukur pada nilai wajar melalui laporan laba
rugi.
35
2024 Annual Report PT Bank Maybank Indonesia Tbk 673
Page 676
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran Recognition and Measurement
Klasifikasi aset keuangan menggunakan The classification of financial assets uses
pendekatan model bisnis dan karakteristik the business model approach and
arus kas kontraktual dari aset keuangan contractual cash flow characteristic of the
tersebut. Setelah pengakuan awal, aset financial assets. After initial, recognition,
keuangan diukur dengan biaya perolehan financial assets are measured at amortised
diamortisasi, nilai wajar melalui penghasilan cost, fair value through other comprehensive
komprehensif lain dan nilai wajar melalui income and fair value through profit or loss
laporan laba rugi berdasarkan pada model based on the business model adopted.
bisnis yang diadopsi.
Semua instrumen keuangan pada saat All financial instruments are measured
pengakuan awal diukur sebesar nilai initially at their fair value. In the case that
wajarnya. Dalam hal aset keuangan atau financial assets or financial liabilities are not
liabilitas keuangan tidak diukur pada nilai designated at fair value through profit or
wajar melalui laporan laba rugi, nilai wajar loss, the fair value should be added with
tersebut ditambah biaya transaksi yang attributable transaction costs directly from
dapat diatribusikan secara langsung dengan acquisition or issuance of financial assets or
perolehan atau penerbitan aset keuangan financial liabilities.
atau liabilitas keuangan tersebut.
Aset keuangan Financial assets
a) Aset keuangan yang diukur dengan a) Financial assets measured at amortised
biaya perolehan diamortisasi cost
Aset keuangan yang diukur dengan Financial assets measured at amortised
biaya perolehan diamortisasi adalah cost are financial assets that meet one of
aset keuangan yang memenuhi salah the conditions of financial assets
satu kondisi aset keuangan dikelola managed in a model business that aims
dalam model bisnis yang bertujuan untuk to have the financial assets in order to
memiliki aset keuangan dalam rangka obtain contractual cash flows, and the
mendapatkan arus kas kontraktual, dan contractual terms of financial assets on
persyaratan kontraktual dari aset the certain date increase cash flows
keuangan pada tanggal tertentu solely payments of principle and interest
meningkatkan arus kas semata dari “SPPI” (Solely Payment of Principal and
pembayaran pokok dan bunga “SPPI” Interest).
(Solely Payment of Principal and
Interest).
36
674 2024 Annual Report
Page 677
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Aset keuangan (lanjutan) Financial assets (continued)
a) Aset keuangan yang diukur dengan a) Financial assets measured at amortised
biaya perolehan diamortisasi (lanjutan) cost (continued)
Pada saat pengakuan awal aset Financial assets measured at amortised
keuangan yang diukur dengan biaya cost are initially recognized at fair
perolehan diamortisasi dicatat sebesar value and subsequently measured at
nilai wajar, selanjutnya diukur pada biaya amortised cost using the effective
perolehan diamortisasi dengan interest rate (EIR) method, less
menggunakan metode suku bunga impairment. Amortised cost is calculated
efektif (EIR), dikurangi dengan by taking into account any discount or
penurunan nilai. Biaya perolehan premium on initial acquisition and
diamortisasi dihitung dengan fees/costs that are an integral part of the
memperhitungkan diskonto atau premi effective interest rate (EIR). The
pada awal akuisisi dan fee/biaya sebagai amortization and the losses arising from
bagian tidak terpisahkan dari suku bunga impairment of those financial assets are
efektif (EIR). Amortisasi dan kerugian recognized in the consolidated
yang timbul dari penurunan nilai aset statement of profit or loss and other
keuangan tersebut akan diakui dalam comprehensive income.
laporan laba rugi dan penghasilan
komprehensif lain konsolidasian.
Persyaratan penurunan nilai diterapkan Impairment requirements apply to
pada aset keuangan yang diukur dengan financial assets measured at amortised
biaya perolehan. cost.
b) Aset keuangan yang diukur pada nilai b) Financial assets measured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income
lain
Aset keuangan yang diukur nilai wajar Financial assets measured at fair value
melalui penghasilan komprehensif lain through other comprehensive income
adalah aset keuangan yang memenuhi are financial assets that meet one of the
salah satu kondisi aset keuangan conditions of financial assets managed
dikelola dengan model bisnis yang with a business model whose purpose
tujuannya akan terpenuhi dengan will be fulfilled by obtaining contractual
mendapatkan arus kas kontraktual dan cash flow and selling financial assets,
menjual aset keuangan, dan persyaratan and the contractual terms of the financial
kontraktual dari aset keuangan tersebut assets grant rights on a certain date for
memberikan hak pada tanggal tertentu cash flows solely payments of principal
atas arus kas yang semata dari and interest on the principal amount
pembayaran pokok dan bunga dari owed.
jumlah pokok terutang.
37
2024 Annual Report PT Bank Maybank Indonesia Tbk 675
Page 678
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Aset keuangan (lanjutan) Financial assets (continued)
b) Aset keuangan yang diukur pada nilai b) Financial assets meassured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income
lain (lanjutan) (continued)
Pada saat pengakuan awal, aset Financial assets measured at fair value
keuangan yang diukur nilai wajar melalui through other comprehensive income
penghasilan komprehensif lain dicatat are initially recognized at fair value and
sebesar nilai wajar, selanjutnya diukur measured subsequently at fair value with
sebesar nilai wajar dengan keuntungan gains or losses arising from the changes
atau kerugian dari perubahan nilai wajar in fair value under other comprehensive
dalam pendapatan komprehensif income, except for impairment on
lainnya, kecuali kerugian penurunan nilai financial assets and foreign exchange
atas aset keuangan dan keuntungan gains or losses.
atau kerugian akibat perubahan kurs.
Persyaratan penurunan nilai diterapkan Impairment requirements apply to
pada aset keuangan yang diukur dengan financial assets measured at fair value
nilai wajar melalui laporan komprehensif through other comprehensive income.
lain.
c) Aset keuangan yang diukur pada nilai c) Financial asset measured at fair value
wajar melalui laporan laba rugi through profit or loss
Aset keuangan yang diukur nilai wajar Financial assets measured at fair value
melalui laporan laba rugi kecuali aset through profit or loss unless those
keuangan tersebut diukur dengan biaya financial assets are measured at
perolehan diamortisasi atau diukur pada amortized cost or measured at fair value
nilai wajar melalui penghasilan through other comprehensive income,
komprehensif lain, dan dimiliki dalam and are held in a business model for
model bisnis yang tujuannya untuk trading purposes.
diperdagangkan.
38
676 2024 Annual Report
Page 679
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Aset keuangan (lanjutan) Financial assets (continued)
c) Aset keuangan yang diukur pada nilai c) Financial asset measured at fair value
wajar melalui laporan laba rugi (lanjutan) through profit or loss (continued)
Setelah pengukuran awal, aset After initial recognition, the financial
keuangan yang dikelompokkan dalam assets included in this category are
kategori ini diukur sebesar nilai measured at fair value, the unrealized
wajarnya, keuntungan atau kerugian gains or losses resulting from changes in
yang belum direalisasi akibat perubahan fair value are recognized in the
nilai wajar instrumen keuangan tersebut consolidated statement of profit or loss
diakui dalam laporan laba rugi dan and other comprehensive income as
penghasilan komprehensif lain “Increase/(decrease) in value of financial
konsolidasian sebagai “Kenaikan/ instruments”.
(penurunan) nilai instrumen keuangan”.
Biaya transaksi yang bisa diatribusikan Transaction costs directly attributable to
langsung pada perolehan aset keuangan the acquisition of financial assets
yang diklasifikasikan sebagai nilai wajar classified as fair value through profit or
melalui laporan laba rugi akan loss will be charged directly at the initial
dibebankan langsung pada saat measurement.
pengukuran awal.
Liabilitas keuangan Financial liabilities
Liabilitas keuangan setelah pengakuan awal Financial liabilities after initial recognition
diukur pada biaya perolehan diamortisasi are measured at amortized cost using the
dengan menggunakan metode suku bunga effective interest rate (EIR) method, except:
efektif (EIR), kecuali:
a. Liabilitas keuangan pada nilai wajar a. Financial liabilities at fair value through
melalui laporan laba rugi. Liabilitas profit or loss. These liabilities, including
tersebut, termasuk derivatif yang derivatives that are liabilities, will then be
merupakan liabilitas, selanjutnya akan measured at fair value.
diukur melalui nilai wajar.
b. Liabilitas yang timbul ketika pengalihan b. Liabilities that arise when the transfer of
aset keuangan yang tidak memenuhi financial assets that do not meet the
syarat penghentian pengakuan atau conditions for termination of recognition
ketika pendekatan keterlibatan or when a sustainable engagement.
berkelanjutan diterapkan.
c. Kontrak jaminan keuangan. c. Financial guarantee contract.
d. Komitmen untuk menyediakan kredit d. Commitment to providing loan or
atau pembiayaan dengan suku bunga financing at market interest rates.
pasar.
39
2024 Annual Report PT Bank Maybank Indonesia Tbk 677
Page 680
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Liabilitas keuangan (lanjutan) Financial liabilities (continued)
Liabilitas keuangan setelah pengakuan awal Financial liabilities after initial recognition
diukur pada biaya perolehan diamortisasi are measured at amortized cost using the
dengan menggunakan metode suku bunga effective interest rate (EIR) method, except:
efektif (EIR), kecuali: (lanjutan) (continued)
e. Imbalan kontijensi yang diakui oleh pihak e. Contingency rewards recognized by the
pengakuisisi dalam kombinasi bisnis acquirer in the business combination
dimana PSAK No. 103 diterapkan. where SFAS No. 103 is applied.
Imbalan kontijensi selanjutnya diukur Contingent consideration is
pada nilai wajar dan selisihnya diakui subsequently measured at fair value and
dalam laporan laba rugi. the difference is recognized in the
income statement.
Jika diketahui bahwa beberapa instrumen If it is known that several financial
keuangan dibuat dari 2 (dua) elemen - instruments are made up of 2 (two) elements
komponen liabilitas dan komponen ekuitas, - the liability component and the equity
maka instrumen keuangan harus dipisahkan component, then the financial instrument
menjadi 2 (dua) komponen sebagai liabilitas should be separated into 2 (two)
keuangan dan yang lainnya sebagai components as financial liabilities and
instrumen ekuitas. others as equity instruments.
Instrumen ekuitas Equity instruments
a) Instrumen ekuitas yang diukur pada nilai a) Equity instruments measured at fair
wajar melalui laporan laba rugi value through profit or loss
Instrumen ekuitas harus diukur pada nilai Equity instruments should be measured
wajar melalui laporan laba rugi. Akan at fair value through profit or loss.
tetapi, Bank dapat menetapkan pilihan However, the Bank may decide
yang tidak dapat dibatalkan saat irrevocable choices upon initial
pengakuan awal atas investasi pada recognition of investments in certain
instrumen ekuitas tertentu yang pada equity instruments which are generally
umumnya diukur pada nilai wajar melalui measured at fair value through profit or
laba rugi sehingga perubahan nilai loss so that changes in fair value are
wajarnya disajikan dalam penghasilan presented in other comprehensive
komprehensif lain. income.
40
678 2024 Annual Report
Page 681
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Instrumen ekuitas (lanjutan) Equity instruments (continued)
b) Instrumen ekuitas yang diukur pada nilai b) Equity instruments measured at fair
wajar melalui penghasilan komprehensif value through other comprehensive
lain income
Ketika pilihan untuk mengukur pada nilai When the choice to measure at fair value
wajar melalui penghasilan komprehensif through other comprehensive income is
lain dilakukan, setelah penghentian executed, after derecognition, gains and
pengakuan, keuntungan dan kerugian losses in other comprehensive income
dalam pendapatan komprehensif lain are not transferred to profit or loss
tidak dipindahkan ke laba atau rugi (without recycling).
(“without recycling”).
Namun, pendapatan dividen dari instrumen However, dividend income of equity
ekuitas harus diakui dalam laporan laba instrument should be recognised in the
rugi. income statement.
Penilaian Model Bisnis Business Model Assessment
Bank menentukan model bisnisnya pada The Bank determines its business model at
tingkat yang paling mencerminkan the level that best reflects how it manages
bagaimana Bank mengelola kelompok aset groups of financial assets to achieve its
keuangan untuk mencapai tujuan bisnisnya: business objective:
a. Risiko yang memengaruhi kinerja model a. The risks that affect the performance of
bisnis (dan aset keuangan yang dimiliki the business model (and the financial
dalam model bisnis itu) dan, khususnya assets held within that business model)
cara risiko itu dikelola. and, in particular, the way those risks are
managed.
b. Bagaimana manajer bisnis b. How managers of the business are
dikompensasi (misalnya, apakah compensated (for example, whether the
kompensasi didasarkan pada nilai wajar compensation is based on the fair value
dari aset yang dikelola atau pada arus of the assets managed or on the
kas kontraktual yang dikumpulkan). contractual cash flows collected).
Frekuensi, nilai, dan waktu penjualan yang The expected frequency, value and timing of
diharapkan juga merupakan aspek penting sales are also important aspect of the
dari penilaian Bank. Bank’s assessment.
41
2024 Annual Report PT Bank Maybank Indonesia Tbk 679
Page 682
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Penilaian Model Bisnis (lanjutan) Business Model Assessment (continued)
Penilaian model bisnis didasarkan pada The business model assessment is based
skenario yang diharapkan secara wajar on reasonably expected scenarios without
tanpa mempertimbangkan skenario ‘kasus taking ‘worst case’ or ‘stress case’ scenarios
terburuk’ atau ‘kasus stres’. Jika arus kas into account. If cash flows after initial
setelah pengakuan awal direalisasikan recognition are realised in a way that is
dengan cara yang berbeda dari harapan different from the Bank’s original
awal Bank, Bank tidak mengubah klasifikasi expectations, the Bank does not change the
aset keuangan yang tersisa dalam model classificaton of the remaining financial
bisnis tersebut, tetapi memasukan informasi assets held in that business model, but
tersebut ketika menilai aset keuangan yang incorporates such information when
baru diperoleh atau yang baru dibeli assessing newly originated or newly
kedepannya. purchased financial assets going forward.
Tes SPPI The SPPI Test
Sebagai langkah kedua dari proses As a second step of its classification
klasifikasi, Bank menilai persyaratan kontrak process, the Bank assesses the contractual
dari aset keuangan untuk mengidentifikasi terms of the financial assets to identify
apakah mereka memenuhi tes “SPPI” whether they meet the SPPI (Solely
(Solely Payment Of Principal and Interest). Payment of Principal and Interset) test.
Pokok untuk tujuan pengujian ini Principal for the purpose of this test is
didefinisikan sebagai nilai wajar dari aset defined as the fair value of the financial
keuangan pada pengakuan awal dan dapat assets at initial recognition and may change
berubah selama umur aset keuangan over the life of the financial asset (for
(misalnya, jika ada pembayaran pokok atau example, if there are repayments of principal
amortisasi premi/diskon). or amortization of the premium/discount).
Elemen bunga yang paling signifikan dalam The most significant elements of interests
pengaturan pinjaman biasanya adalah within a lending arrangement are typically
pertimbangan untuk nilai waktu dari uang the consideration for the time value of
dan risiko kredit. Untuk membuat penilaian money and credit risk. To make the SPPI
SPPI, Bank menerapkan penilaian dan assessment, the Bank applies judgement
mempertimbangkan faktor-faktor yang and considers relevant factors such as the
relevan seperti mata uang dimana aset currency in which the financial asset is
keuangan didenominasi, dan periode denominated, and the period for which the
dimana tingkat bunga ditetapkan. interest rate is set.
42
680 2024 Annual Report
Page 683
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Tabel berikut menyajikan klasifikasi The following table presents classification of
instrumen keuangan Bank dan entitas anak financial instruments of the Bank and
berdasarkan karakteristik dari instrumen subsidiaries based on characteristic of
keuangan tersebut: those financial instruments:
Instrumen Keuangan Klasifikasi/Classification Financial Instruments
Aset keuangan: Financial assets:
Aset keuangan diukur pada biaya perolehan
diamortisasi/ Financial assets measured at
Kas amortised cost Cash
Aset keuangan diukur pada biaya perolehan
diamortisasi/ Current accounts with
Giro pada Bank Indonesia Financial assets measured at amortised cost Bank Indonesia
Aset keuangan diukur pada biaya perolehan
diamortisasi/ Current accounts with other
Giro pada bank lain Financial assets measured at amortised cost Banks
Penempatan pada Bank Aset keuangan diukur pada biaya perolehan
Indonesia dan bank diamortisasi/ Financial assets measured at Placements with Bank
lain amortised cost Indonesia and other banks
Aset keuangan diukur pada nilai wajar
melalui laporan laba rugi/
Efek-efek yang Financial assets measured at fair value
diperdagangkan through profit or loss Trading securities
Aset keuangan yang diukur pada biaya
perolehan diamortisasi, aset keuangan yang
diukur pada nilai wajar melalui penghasilan
komprehensif lain/
Financial assets measured at amortised cost,
Financial assets measured at fair value through
Investasi keuangan other comprehensive income Financial investments
Efek-efek yang dibeli Aset keuangan diukur pada biaya perolehan Securities purchased
dengan janji dijual diamortisasi/ under resale agreement
kembali Financial assets measured at amortised cost (reverse repo)
Aset keuangan diukur pada nilai wajar
melalui laporan laba rugi/Financial assets
Tagihan derivatif measured at fair value through profit or loss Derivatives receivable
Kredit yang diberikan dan Aset keuangan diukur pada biaya perolehan
piutang/pembiayaan diamortisasi/ Loan and Sharia
Syariah Financial assets measured at amortised cost receivables/financing
Aset keuangan diukur pada biaya perolehan
Piutang pembiayaan diamortisasi/ Consumer financing
konsumen Financial assets measured at amortised cost receivables
43
2024 Annual Report PT Bank Maybank Indonesia Tbk 681
Page 684
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Pengakuan dan Pengukuran (lanjutan) Recognition and Measurement (continued)
Instrumen Keuangan Financial Instruments
(lanjutan) Klasifikasi/Classification (continued)
Financial assets:
Aset keuangan: (lanjutan) (continued)
Aset keuangan diukur pada biaya perolehan
diamortisasi/
Tagihan akseptasi Financial assets measured at amortised cost Acceptances receivable
Aset keuangan diukur pada biaya perolehan
diamortisasi/
Piutang bunga Financial assets measured at amortised cost Interest receivable
Liabilitas keuangan: Financial liabilities:
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Liabilitas segera measured at amortized cost Obligations due immediately
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Simpanan nasabah measured at amortized cost Deposits from customers
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Simpanan dari bank lain measured at amortized cost Deposits from other banks
Efek-efek yang dijual Liabilitas keuangan yang diukur pada biaya
dengan janji dibeli perolehan diamortisasi/Financial liabilities Securities sold under
kembali measured at amortized cost repurchased agreements
Liabilitas keuangan yang diukur pada nilai wajar
melalui laporan laba rugi/Financial liabilities
Liabilitas derivatif measured at fair value through profit or loss Derivatives payable
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Liabilitas akseptasi measured at amortized cost Acceptances payable
Liabilitas keuangan yang diukur pada biaya
Surat berharga yang perolehan diamortisasi/Financial liabilities
diterbitkan measured at amortized cost Securities issued
Liabilitas keuangan yang diukur pada biaya
perolehan diamortisasi/Financial liabilities
Pinjaman diterima measured at amortized cost Borrowings
Beban yang masih harus Liabilitas keuangan yang diukur pada biaya
dibayar dan liabilitas lain- perolehan diamortisasi/Financial liabilities Accrued expenses and
lain measured at amortized cost other liabilities
Liabilitas keuangan yang diukur pada biaya
Pinjaman dan obligasi perolehan diamortisasi/Financial liabilities Subordinated loan and
subordinasi measured at amortized cost bonds
44
682 2024 Annual Report
Page 685
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Penghentian Pengakuan Derecognition
Bank dan entitas anak menghentikan The Bank and subsidiaries derecognizes a
pengakuan aset keuangan jika, dan hanya financial asset if, and only if, the contractual
jika, hak kontraktual untuk menerima arus rights to receive cash flows from the financial
kas yang berasal dari aset keuangan asset have expired; or the Bank and
tersebut berakhir; atau Bank dan entitas subsidiaries have transferred their rights to
anak mentransfer hak untuk menerima arus receive cash flows from the financial asset or
kas yang berasal dari aset keuangan atau have assumed an obligation to pay the
menanggung liabilitas untuk membayarkan received cash flows fully without material
arus kas yang diterima tersebut secara delay to a third party under a pass through
penuh tanpa penundaan berarti kepada arrangement; and either (a) the Bank and
pihak ketiga di bawah kesepakatan subsidiaries have transferred substantially
pelepasan (pass through arrangement); dan all the risks and rewards of the financial
(a) Bank dan entitas anak telah mentransfer asset, or (b) the Bank and subsidiaries have
secara substansial seluruh risiko dan neither transferred nor retained substantially
manfaat atas aset keuangan, atau (b) Bank all the risks and rewards of the asset, but
dan entitas anak tidak mentransfer maupun have transferred control of the asset.
tidak memiliki secara substansial seluruh
risiko dan manfaat atas aset, namun telah
mentransfer pengendalian atas aset
tersebut.
Liabilitas keuangan dihentikan A financial liability is derecognized when the
pengakuannya pada saat liabilitas obligation under the liability is discharged or
dihentikan atau dibatalkan atau berakhir. cancelled or expired.
Jika suatu liabilitas keuangan yang ada Where an existing financial liability is
digantikan dengan liabilitas yang lain oleh replaced by another liability from the same
pemberi pinjaman yang sama pada keadaan lender on substantially different terms, or
yang secara substansial berbeda, atau the terms of an existing liability are
berdasarkan suatu liabilitas yang ada yang substantially modified, such an exchange or
secara substansial telah diubah, maka modification is treated as derecognition of
pertukaran atau modifikasi tersebut the original liability and the recognition of a
diperlakukan sebagai penghentian new liability, and the difference in the
pengakuan liabilitas awal dan pengakuan respective carrying amounts is recognized
liabilitas baru, dan perbedaan nilai tercatat in the statement of profit or loss and other
masing-masing diakui dalam laporan laba comprehensive income.
rugi dan penghasilan komprehensif lain.
45
2024 Annual Report PT Bank Maybank Indonesia Tbk 683
Page 686
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Saling Hapus Offset
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities are
saling hapus dan nilai netonya dilaporkan offset and the net amount is reported in the
dalam laporan posisi keuangan consolidated statements of financial position
konsolidasian jika, dan hanya jika, saat ini if, and only if, there is currently an
terdapat hak yang berkekuatan hukum enforceable legal rights to offset the
untuk saling hapus jumlah keduanya dan recognized amounts and there is an
terdapat intensi untuk diselesaikan secara intention to either settle on a net basis, or to
neto, atau untuk merealisasikan aset dan realize the assets and settle the liabilities
menyelesaikan liabilitas secara bersamaan. simultaneously.
Hal yang berkekuatan hukum harus tidak The legally enforceable right must not be
kontinjen atas peristiwa di masa depan dan contingent on future events and must be
harus dapat dipaksakan di dalam situasi enforceable in the normal course of
bisnis yang normal, peristiwa kegagalan business and in the event of default,
atau kebangkrutan dari entitas atas seluruh insolvency or bankruptcy of the company or
pihak lawan. the counterparty.
Pendapatan dan beban disajikan secara Income and expenses are presented on a
neto hanya ketika diperbolehkan oleh net basis only when permitted by accounting
standar akuntansi. standards.
Tidak terdapat saldo atas aset keuangan There are no outstanding financial assets
dan liabilitas keuangan yang tunduk and financial liabilities which are subject
pada perjanjian saling hapus atau dalam to enforceable master netting arrangements
bentuk perjanjian sejenis per tanggal or similar agreements as of December 31,
31 Desember 2024 dan 2023. 2024 and 2023.
Nilai Wajar Fair Value
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received
untuk menjual suatu aset atau harga yang to sell an asset or paid to transfer a liability
akan dibayar untuk mengalihkan suatu in an orderly transaction between market
liabilitas dalam transaksi teratur antara participants at the measurement date under
pelaku pasar pada tanggal pengukuran current market conditions.
dengan kondisi pasar saat ini.
46
684 2024 Annual Report
Page 687
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Nilai Wajar (lanjutan) Fair Value (continued)
Bank menggunakan teknik penilaian yang Bank uses valuation techniques appropriate
sesuai dengan keadaan dan dimana data in the circumstances and for which sufficient
yang memadai tersedia untuk mengukur data are available to measure fair value,
nilai wajar, memaksimalkan penggunaan maximising the use of relevant observable
input yang dapat diobservasi yang relevan input and minimising the use of
dan meminimalkan penggunaan input yang unobservable input.
tidak dapat diobservasi.
Seluruh instrumen keuangan yang diukur All financial instruments measured at fair
pada nilai wajar dikategorikan sesuai value are categorized according to the
dengan hirarki berikut: following hierarchy:
• Tingkat 1: harga kuotasian (tanpa • Level 1: quoted prices (unadjusted) in
penyesuaian) di pasar aktif aset atau active markets for identical asset or
liabilitas yang identik. liabilities.
• Tingkat 2: teknik lain atas semua input • Level 2: other techniques for which all
yang memiliki efek signifikan terhadap inputs which have a significant effect on
nilai wajar yang tercatat dapat the recorded fair value are observable,
diobservasi, baik secara langsung either directly or indirectly.
maupun tidak langsung.
• Tingkat 3: teknik yang menggunakan • Level 3: techniques which use input that
input yang memiliki pengaruh signifikan have a significant effect on the recorded
terhadap nilai wajar yang tercatat yang fair value that are not based on
tidak berdasarkan data pasar yang observable market data.
dapat diobservasi.
Reklasifikasi Instrumen Keuangan Reclassification of Financial Instruments
Reklasifikasi aset keuangan diizinkan jika Reclassification of financial assets is
(dan hanya jika) Bank dan entitas anak permissible when (and only when) the Bank
melakukan perubahan pada model bisnis and its subsidiaries make changes to the
untuk mengatur aset keuangannya, namun business model to manage their financial
Bank dan entitas anak harus mereklasifikasi assets, but the Bank and subsidiaries must
semua aset keuangan yang terdampak reclassify all affected financial assets
dengan model bisnis yang baru. following the new business model.
Reklasifikasi harus diterapkan secara Reclassifications should be applied
prospektif dari ‘tanggal reklasifikasi’, yang prospectively from 'the date of
didefinisikan sebagai, ‘hari pertama dari reclassification', which is defined as, 'the
periode pelaporan pertama setelah first day of the first reporting period after the
perubahan model bisnis yang menghasilkan change in the business model that results in
reklasifikasi aset keuangan’. Oleh karena the reclassification of financial assets'.
itu, semua keuntungan, kerugian atau Therefore, all previously recognized gains,
bunga yang sebelumnya diakui tidak perlu losses or interest need not be restated.
disajikan kembali.
47
2024 Annual Report PT Bank Maybank Indonesia Tbk 685
Page 688
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Reklasifikasi Instrumen Keuangan (lanjutan) Reclassification of Financial Instruments
(continued)
Jika terdapat peristiwa penjualan atas If there is a sales event on the portfolio with
portfolio dengan model bisnis ‘Hold’, dimana the 'Hold' business model, where the Bank
Bank dan entitas anak tidak mampu and its subsidiaries are unable to ensure
memastikan bahwa peningkatan kegiatan that the increase in sales activity is a result
penjualan adalah sebagai akibat dari of changes in the business model,
perubahan dalam model bisnis, maka adjustments/corrections of the previous
penyesuaian/koreksi laporan tahun year's report may be needed to correct
sebelumnya mungkin diperlukan untuk errors.
memperbaiki kesalahan.
Bank dan entitas anak tidak diperkenankan Bank and subsidiaries are not permitted to
untuk mereklasifikasi liabilitas keuangan. reclassify financial liabilities.
Perubahan berikut ini adalah bukan The following changes are not
merupakan reklasifikasi: a reclassification:
a. Item yang sebelumnya telah ditetapkan a. Items previously designated and
dan efektif sebagai instrumen lindung effective as hedging instruments in
nilai pada lindung nilai arus kas atau cash flow hedges or net investment
lindung nilai investasi neto, namun tidak hedges, but no longer meet such
lagi memenuhi kualifikasi seperti itu; qualifications;
b. Item yang kemudian ditetapkan dan b. The items are then designated and
efektif sebagai instrumen lindung nilai effective as hedging instruments in
dalam lindung nilai arus kas atau cash flow hedges or net investment
lindung nilai investasi neto, dan hedges, and
c. Perubahan dalam pengukuran ketika c. Changes in measurement when the
Bank memilih opsi untuk menetapkan Bank chooses the option to set credit
eksposur kredit sebagai diukur pada exposures as measured at fair value
nilai wajar melalui laporan laba rugi. through profit or loss.
Persyaratan untuk reklasifikasi aset Requirement for financial assets
keuangan: reclassification:
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at amortised cost
pada biaya perolehan diamortisasi ke aset to financial assets measured at fair value
keuangan yang diukur pada nilai wajar through profit or loss with requirement of
melalui laporan laba rugi dengan measure fair value at reclassification date.
persyaratan nilai wajarnya diukur pada Gain and losses arising from the difference
tanggal reklasifikasi. Keuntungan dan between previous amortised cost and fair
kerugian yang timbul dari selisih antara value of the financial assets are recognised
biaya perolehan diamortisasi sebelumnya in profit and loss.
dan nilai wajar aset keuangan diakui dalam
laba rugi.
48
686 2024 Annual Report
Page 689
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Reklasifikasi Instrumen Keuangan (lanjutan) Reclassification of Financial Instruments
(continued)
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada nilai wajar melalui laporan laba rugi ke through profit or loss to financial assets
aset keuangan yang diukur pada biaya measured at amortised cost with
perolehan diamortisasi dengan persyaratan requirement of fair value at the
nilai wajar pada tanggal reklasifikasi menjadi reclassification date becomes the new gross
jumlah tercatat bruto yang baru. carrying amount.
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at amortised cost
pada biaya perolehan diamortisasi ke aset to financial assets measured at fair value
keuangan yang diukur pada nilai wajar through other comprehensive income with
melalui penghasilan komprehensif lainnya requirement of measure fair value at
dengan persyaratan nilai wajarnya diukur classification date. Gain and losses arising
pada tanggal reklasifikasi. Keuntungan dan from the difference between previous
kerugian yang timbul dari selisih antara amortised cost and fair value of the financial
biaya perolehan diamortisasi sebelumnya assets are recognised in other
dan nilai wajar aset keuangan diakui dalam comprehensive income.
penghasilan komprehensif lain.
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada nilai wajar melalui penghasilan through other comprehensive income to
komprehensif lain ke aset keuangan yang financial assets measured at amortised cost
diukur pada biaya perolehan diamortisasi with requirement of cumulative gain or loss
dengan persyaratan keuntungan dan previously recognised in other
kerugian kumulatif yang sebelumnya diakui comprehensive income is removed from
dalam penghasilan komprehensif lain equity and applied against the fair value of
dihapus dari ekuitas dan disesuaikan the financial assets at the reclassification
terhadap nilai wajar dari aset keuangan date.
pada tanggal reklasifikasi.
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada nilai wajar melalui laporan laba rugi ke through profit or loss to financial assets
aset keuangan yang diukur pada measured at fair value through other
penghasilan komprehensif lain dengan comprehensive income with requirement of
persyaratkan aset keuangan tetap diukur financial asset continuous to be measured
pada nilai wajarnya, tetapi selanjutnya at fair value but subsequent gain and losses
keuntungan dan kerugian diakui di are recognised in other comprehensive
penghasilan komprehensif lain, bukan di income rather than profit and loss.
laba rugi.
49
2024 Annual Report PT Bank Maybank Indonesia Tbk 687
Page 690
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
d. Aset dan liabilitas keuangan (lanjutan) d. Financial assets and liabilities (continued)
i. Aset dan liabilitas keuangan (lanjutan) i. Financial assets and liabilities (continued)
Reklasifikasi Instrumen Keuangan (lanjutan) Reclassification of Financial Instruments
(continued)
Bank dan entitas anak dipersyaratkan untuk Bank and subsidiaries may reclassify
reklasifikasi aset keuangan yang diukur financial assets measured at fair value
pada penghasilan komprehensif lain ke aset through other comprehensive income to
keuangan yang diukur pada nilai wajar financial assets measured at fair value
melalui laporan laba rugi dengan through profit or loss with requirement of
persyaratan aset keuangan tetap diukur financial asset continuous to be recognised
pada nilai wajarnya dan keuntungan dan at fair value and the cumulative gain or loss
kerugian kumulatif yang sebelumnya diakui previously recognised in other
di penghasilan komprehensif lain di comprehensive income is reclassified from
reklasifikasi dari ekuitas ke laba rugi sebagai equity to profit and loss.
penyesuaian reklasifikasi.
Bank dan entitas anak melakukan penilaian Bank and subsidiaries reassess the
kembali terhadap model bisnis setiap business model each reporting period to
periode pelaporan untuk menentukan determine whether there has been change
apakah ada perubahan model bisnis dari in the business model from previous period.
periode sebelumnya.
Perubahan pada model bisnis sangat jarang Changes to the business model are very
terjadi, tetapi jika terjadi perubahan harus rare, but if the changes occur must be
ditentukan oleh manajemen senior Bank determined by senior management of the
dan entitas anak sebagai akibat dari Bank and subsidiaries as a result of external
perubahan eksternal atau internal, signifikan or internal changing, significant to the Bank
terhadap operasional Bank dan entitas and subsidiaries’ operational, and could be
anak, dan bisa dibuktikan pada pihak proven to external parties. In line with this,
eksternal. Sejalan dengan hal tersebut, changes in the business model of the Bank
perubahan pada model bisnis Bank dan and subsidiaries will occur only if the Bank
entitas anak akan terjadi hanya jika Bank and subsidiaries start and stop to carrying
dan entitas anak memulai dan berhenti out significant activity to their operating
untuk melaksanakan aktivitas yang activity.
signifikan terhadap kegiatan operasinya.
Berikut ini bukan merupakan perubahan The following are not considered to be
dalam model bisnis: changes in the business model:
a. Perubahan intensi berkaitan dengan a. Changes in intention related to certain
aset keuangan tertentu (termasuk financial assets (including in conditions
dalam kondisi terjadi perubahan of significant changes to market
signifikan terhadap kondisi pasar). conditions).
b. Hilangnya suatu pasar secara b. Temporary disappearance of a market
sementara untuk aset keuangan. of financial assets.
c. Pengalihan aset keuangan antar bagian c. Transfer of financial assets between
dari entitas dengan model bisnis yang parts of an entity with a different
berbeda. business model.
50
688 2024 Annual Report
Page 691
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
e. Giro Wajib Minimum e. The Minimum Statutory Reserve
Informasi mengenai Giro Wajib Minimun Information on The Minimum Statutory Reserve
diungkapkan pada Catatan 57. are disclosed in Notes 57.
f. Giro pada bank lain dan Bank Indonesia f. Current accounts with other banks and
Bank Indonesia
Giro pada bank lain dan Bank Indonesia setelah Subsequent to initial recognition, current
perolehan awal dinilai sebesar biaya perolehan accounts with other banks and Bank Indonesia
diamortisasi dengan menggunakan metode are measured at their amortized cost using the
suku bunga efektif (EIR). effective interest rate (EIR) method.
Pada setiap tanggal pelaporan, Bank dan At each reporting date, Bank and subsidiaries
entitas anak mengukur penyisihan kerugian measures allowance for expected credit losses
kredit ekspektasian menggunakan metodologi using impairment methodology as disclosed in
penurunan nilai sebagaimana diungkapkan Note 2o.
dalam Catatan 2o.
g. Penempatan pada Bank Indonesia dan bank g. Placements with Bank Indonesia and other
lain banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain merupakan penanaman dana dalam bentuk banks consist of call money, fixed term
call money, penempatan fixed term, deposito placements, time deposits, Deposits Facilities
berjangka, Fasilitas Simpanan Bank Indonesia of Bank Indonesia (FASBI), Sharia Deposits
(FASBI), Fasilitas Simpanan Bank Indonesia Facilities of Bank Indonesia (FASBIS) and
Syariah (FASBIS) dan lain-lain. others.
Penempatan pada Bank Indonesia dinyatakan Placements with Bank Indonesia are stated at
sebesar saldo penempatan dikurangi dengan the outstanding balances, less unearned
pendapatan bunga yang ditangguhkan. interest income.
Pada awal transaksi penempatan pada bank Placements with other banks are initially
lain dinilai berdasarkan nilai wajar ditambah measured at fair value plus incremental direct
biaya transaksi tambahan langsung, jika ada, transaction cost, if any, and subsequently
dan selanjutnya diukur sebesar biaya perolehan measured at their amortized cost using the
diamortisasi dengan menggunakan metode effective interest rate (EIR) method.
suku bunga efektif (EIR).
Pada setiap tanggal pelaporan, Bank dan At each reporting date, Bank and subsidiaries
entitas anak mengukur penyisihan kerugian measures allowance for expected credit losses
kredit ekspektasian menggunakan metodologi using impairment methodology as disclosed in
penurunan nilai sebagaimana diungkapkan Note 2o.
dalam Catatan 2o.
51
2024 Annual Report PT Bank Maybank Indonesia Tbk 689
Page 692
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
h. Efek-efek yang diperdagangkan h. Trading securities
Efek-efek yang diperdagangkan terdiri dari Trading securities comprise of Government
Surat Utang Negara, Obligasi Korporasi, Promissory Notes, Corporate Bonds,
Sekuritas Bank Indonesia, Sukuk Bank Certificates of Bank Indonesia and State
Indonesia dan Surat Perbendaharaan Negara Treasury Notes, that are classified as financial
yang dikategorikan aset keuangan yang diukur assets measured at fair value through profit or
pada nilai wajar melalui laporan laba rugi. loss.
Keuntungan atau kerugian yang belum Unrealized gains or losses resulting from the
direalisasi akibat kenaikan atau penurunan nilai increase or decrease in fair value are
wajar disajikan dalam laporan laba rugi dan recognized in the current year consolidated
penghasilan komprehensif lain konsolidasian statements of profit or loss and other
tahun berjalan. Pendapatan bunga dari efek comprehensive income. The interest income
utang dicatat dalam laporan laba rugi sesuai from debt securities is recorded in the
dengan persyaratan dalam kontrak. Atas statements of profit or loss according to the
penjualan portofolio efek yang diperdagangkan, terms of the contract. Upon sale of trading
selisih antara harga jual dengan harga securities portfolio, the difference between the
perolehan diakui sebagai keuntungan atau selling price and the purchase price is
kerugian penjualan pada tahun dimana efek recognized as a gain or loss in the year when
tersebut dijual. the securities are sold.
Tidak ada penyisihan kerugian kredit No loss allowance for expected credit losses is
ekspektasian yang diakui untuk aset keuangan recognized for financial asset measured at fair
yang diukur pada nilai wajar melalui laporan value through profit or loss.
laba rugi.
i. Investasi keuangan i. Financial investments
Investasi keuangan merupakan investasi pada Financial investments represent investments in
efek-efek yang dikategorikan sebagai diukur marketable securities classified as either,
pada biaya perolehan diamortisasi atau diukur measured at amortised cost or fair value
pada nilai wajar melalui penghasilan through other comprehensive income,
komprehensif lain, penyertaan saham dan investment in shares and receivable from
tagihan atas wesel ekspor. export bills.
52
690 2024 Annual Report
Page 693
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
i. Investasi keuangan (lanjutan) i. Financial investments (continued)
Setelah pengakuan awal, investasi keuangan After the initial recognition, financial
dalam instrumen hutang yang diklasifikasikan investments in debt instrument classified as
sebagai diukur pada biaya perolehan measured at amortised cost and receivables
diamortisasi dan tagihan atas wesel ekspor from export bills are measured at amortized
diukur sebesar biaya perolehan diamortisasi cost using the effective interest rate (EIR)
dengan menggunakan metode suku bunga method. Investment in sukuk at acquisition cost
efektif (EIR). Investasi pada sukuk yang diukur is measured at amortized cost using the
pada harga perolehan diukur sebesar biaya straight- line method. Financial investments in
perolehan yang diamortisasi dengan debt instrument classified as fair value through
menggunakan metode garis lurus. Investasi other comprehensive income securities are
keuangan dalam instrumen hutang yang stated at fair value. Unrealized gains or losses
dikategorikan diukur pada nilai wajar melalui from the increase or decrease in fair value, net
penghasilan komprehensif lain dinyatakan of tax, are recognized and presented as an
sebesar nilai wajar. Keuntungan atau kerugian equity component. When the investment is
yang belum direalisasikan dari kenaikan atau disposed of, the cummulative gain or loss, net
penurunan nilai wajar, setelah pajak, diakui dan of tax, previously recognized in other
disajikan sebagai komponen ekuitas. Ketika comprehensive income is recognized in the
investasi tersebut dihapus, keuntungan dan consolidated statement of profit or loss and
kerugian kumulatif setelah pajak, yang other comprehensive income. The losses
sebelumnya diakui di pendapatan komprehensif arising from impairment of such investments are
lainnya, diakui dalam laporan laba rugi dan recognized in the consolidated statement of
penghasilan komprehensif lain konsolidasian. profit or loss and other comprehensive income
Kerugian yang timbul dari penurunan nilai pada and removed from other comprehensive
investasi tersebut diakui dalam laporan laba rugi income.
dan penghasilan komprehensif lain
konsolidasian dan dikeluarkan dari pendapatan
komprehensif lainnya.
Premi dan/atau diskonto diamortisasi sebagai Premium and/or discount is amortized and
pendapatan bunga dengan menggunakan reported as interest income using the effective
metode suku bunga efektif (EIR). interest rate (EIR) method.
Jika Bank mereklasifikasi investasi keuangan If the Bank reclassifies financial investments
dari kategori pengukuran biaya perolehan from the amortised cost to a fair value through
diamortisasi menjadi kategori pengukuran nilai other comprehensive income, its fair value is
wajar melalui komprehensif lain, nilai wajarnya measured on the reclassification date. Gains or
diukur pada tanggal reklasifikasi. Keuntungan losses arising from the difference between the
atau kerugian yang timbul dari selisih antara previous amortised cost and fair value are
biaya perolehan diamortisasi sebelumnya dan recognized in other comprehensive income.
nilai wajar diakui dalam penghasilan Effective interest rates and measurement of
komprehensif lain. Suku bunga efektif dan expected credit loss are not adjusted as a result
pengukuran kerugian kredit ekspektasian tidak of reclassification. The Bank must reassess its
disesuaikan sebagai akibat dari reklasifikasi. business model in each reporting period to
Bank harus melakukan penilaian kembali determine whether there is a change in the
terhadap model bisnisnya pada setiap periode model from the previous period.
pelaporan untuk menentukan apakah ada
perubahan model dari periode sebelumnya.
53
2024 Annual Report PT Bank Maybank Indonesia Tbk 691
Page 694
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
i. Investasi keuangan (lanjutan) i. Financial investments (continued)
Pada setiap tanggal pelaporan, Bank mengukur At each reporting date, Bank measure
penyisihan kerugian kredit ekspektasian allowance for expected credit losses using
menggunakan metodologi penurunan nilai impairment methodology as disclosed in Note
sebagaimana diungkapkan dalam Catatan 2o. 2o.
Berdasarkan Peraturan Otoritas Jasa Based on Financial Services Authority
Keuangan POJK No. 22 Tahun 2022, tentang Regulation POJK No. 22 Year 2022,
Kegiatan Penyertaan Modal oleh Bank Umum, concerning the Equity Participation Activities of
penyertaan modal oleh Bank dalam bentuk Banks, capital participation by the Bank in the
saham hanya dapat dilakukan untuk investasi form of shares can only be done for long-term
jangka panjang dan tidak dimaksudkan untuk investment and is not intended to buy and sell
jual beli saham. Karena itu semua investasi shares. Therefore all Bank investments in the
Bank dalam bentuk penyertaan saham form of equity participation are classified as Fair
diklasifikasikan sebagai Diukur pada Nilai Wajar at Fair Value through Other Comprehensive
melalui Penghasilan Komprehensif Lain Income (FVOCI).
(FVOCI).
Keuntungan atau kerugian yang belum Unrealized gains or losses from the increase or
direalisasikan dari kenaikan atau penurunan decrease in fair value of investment in share are
nilai wajar penyertaan diakui dan disajikan recognized and presented as an equity
sebagai komponen ekuitas dan setelah component, and after derecognition, gains and
penghentian pengakuan, keuntungan dan losses in other comprehensive income are not
kerugian dalam pendapatan komprehensif lain transffered to profit or loss (without recycling).
tidak dipindahkan ke laba atau rugi (“without
recycling”).
Tidak ada penyisihan kerugian kredit No loss allowance for expected credit losses is
ekspektasian yang diakui untuk penyertaan recognized for investment in shares.
saham.
Efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
(reverse repo) diakui sebesar harga jual (reverse repo) are recognized as a repo
kembali efek yang bersangkutan dikurangi receivable in the amount of the resale price of
pendapatan bunga yang belum diamortisasi. the related securities, less unamortized interest
Selisih antara harga beli dengan harga jual income. The difference between purchase price
diperlakukan sebagai pendapatan bunga yang and the selling price is treated as unamortized
belum diamortisasi dan diakui sebagai interest income and is recognized as interest
pendapatan bunga selama jangka waktu sejak income over the period commencing from the
tanggal akuisisi hingga tanggal dijual kembali acquisition date to the resale date using the
dengan menggunakan metode suku bunga Effective Interest Rate (EIR) method.
efektif (EIR).
54
692 2024 Annual Report
Page 695
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
j. Efek yang dibeli dengan janji dijual kembali j. Securities purchased under resale
(Reverse Repo) dan efek yang dijual dengan agreement (Reverse Repo) and securities
janji dibeli kembali (Repo) sold under repurchased agreement (Repo)
Efek yang dijual dengan janji dibeli kembali Securities sold under repurchased agreements
(repo) diakui sebesar harga pembelian kembali (repo) are recognized at the agreed repurchase
yang disepakati dikurangi beban bunga yang price less unamortized interests expense. The
belum diamortisasi. Beban bunga yang belum unamortized interest expense represents the
diamortisasi merupakan selisih antara harga difference between the selling price and the
jual dan harga beli kembali yang disepakati dan agreed repurchase price and is recognized as
diakui sebagai beban bunga selama jangka interest expense during the period from the sale
waktu sejak efek dijual hingga dibeli kembali of securities to the date of repurchase by using
dengan menggunakan metode suku bunga Effective Interest Rate (EIR) method. The
efektif. Efek yang dijual tetap dicatat sebagai securities sold are recorded as assets on the
aset dalam laporan posisi keuangan consolidated statements of financial position
konsolidasian karena secara substansi because in substance the ownership of the
kepemilikan efek tetap berada pada pihak Bank securities remains with the Bank as the seller.
sebagai penjual.
Beban bunga diamortisasi dengan Interest expense is amortized by using EIR
menggunakan metode suku bunga efektif. method.
Pada setiap tanggal pelaporan Bank mengukur At each reporting date, Bank measure
penyisihan kerugian kredit ekspektasian allowance for expected credit losses using
menggunakan metode penurunan nilai impairment methodology as disclosed in Note
sebagaimana diungkapkan dalam Catatan 2o. 2o.
k. Instrumen keuangan derivatif k. Derivative financial instruments
Keuntungan atau kerugian dari kontrak derivatif Gain or loss on a derivative contract not
yang tidak ditujukan untuk lindung nilai (atau designated as a hedging instrument (or
tidak memenuhi kriteria untuk dapat derivative contract that does not qualify as a
diklasifikasikan sebagai lindung nilai) diakui pada hedging instrument) is recognized in the current
laporan laba rugi dan penghasilan komprehensif year consolidated statement of profit or loss
lain konsolidasian tahun berjalan. and other comprehensive income.
Derivatif melekat tidak lagi dipisahkan dari Embedded derivatives are no logger separated
kontrak utama non derivatif yang merupakan from their host non-derivatives contract which
aset keuangan. Bank dan entitas anak are financial asset. The Bank and subsidiaries
mengklasifikasikan aset keuangan secara classify financial assets as a whole based on
keseluruhan berdasarkan model bisnis dan the business model and their contractual term
jangka waktu kontraktualnya sebagaimana as outlined in Note 2d.
diungkapkan dalam Catatan 2d.
Seluruh instrumen derivatif (termasuk transaksi All derivatives instruments (including foreign
valuta asing untuk tujuan pendanaan dan exchange transactions for financing and
perdagangan) dicatat dalam laporan posisi trading) are recognized in the consolidated
keuangan konsolidasian berdasarkan nilai statements of financial position at fair value.
wajarnya. Nilai wajar tersebut ditentukan The fair value is based on the market rate,
berdasarkan harga pasar, kurs Reuters pada Reuters exchange rate at consolidated
tanggal pelaporan laporan posisi keuangan statements of financial position date,
konsolidasian, diskonto arus kas, model discounted cash flows, option pricing models or
penentu harga opsi atau harga yang diberikan broker quoted price on other instruments with
oleh broker (quoted price) atas instrumen similar characteristics.
lainnya yang memiliki karakteristik serupa.
55
2024 Annual Report PT Bank Maybank Indonesia Tbk 693
Page 696
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
l. Kredit yang diberikan dan l. Loans and Sharia receivables/financing
piutang/pembiayaan Syariah
Setelah pengakuan awal, kredit yang diberikan After initial recognition, loans are measured at
ke nasabah diukur pada biaya perolehan amortized cost using the effective interest rate
diamortisasi menggunakan metode suku bunga (EIR) method less allowance for impairment
efektif (EIR) dikurangi cadangan kerugian losses. The amortised cost of loan is the
penurunan nilai. Biaya perolehan atas kredit amount at which the loan is measured at initial
yang diberikan diamortisasi dihitung dengan recognition minus principal repayments, plus or
memperhitungkan nilai kredit pada saat minus the cumulative amortization using the
pengakuan awal dikurangi pembayaran pokok, effective interest rate (EIR) method of any
ditambah atau dikurangi dengan amortisasi difference between that initial amount and the
kumulatif menggunakan metode suku bunga maturity amount, and minus any reduction for
efektif (EIR) yang dihitung dari selisih antara impairment or uncollectibility. The amortization
nilai awal dan nilai jatuh temponya, dikurangi is recognized in the consolidated statement of
penurunan untuk penurunan nilai atau nilai profit or loss and other comprehensive income.
yang tidak dapat ditagih. Amortisasi tersebut Allowance for impairment is calculated if there
diakui pada laporan laba rugi dan penghasilan is an objective evidence of impairment using
komprehensif lain konsolidasian. Cadangan the impairment methodology as disclosed in
kerugian atas penurunan nilai dilakukan bila Note 2o.
terdapat bukti objektif penurunan nilai dengan
menggunakan metodologi penurunan nilai
sebagaimana diungkapkan dalam Catatan 2o.
Kredit sindikasi, kredit dalam rangka Syndicated loans, joint financing and
pembiayaan bersama dan penerusan kredit channelling loans are stated at the loan
(channelling) dinyatakan sebesar pokok kredit principal amount based on the risk participation
sesuai dengan porsi risiko yang ditanggung by the Bank and subsidiaries.
oleh Bank dan entitas anak.
Kredit yang diberikan di dalamnya termasuk Loans include murabahah receivables, istishna
piutang murabahah, piutang istishna, receivables, mudharabah financing,
pembiayaan mudharabah, musyarakah dan musyarakah financing and ijarah.
ijarah.
Murabahah adalah akad jual beli barang Murabahah is an agreement for the sale and
dengan harga jual sebesar biaya perolehan purchase of goods with sales price equivalent
ditambah dengan keuntungan (margin) yang to cost plus margin, and the seller should inform
disepakati dan penjual harus mengungkapkan the purchase price to the buyer.
biaya perolehan barang tersebut kepada
pembeli.
Istishna adalah akad jual beli dalam bentuk Istishna is an agreement for the sale and
pemesanan pembuatan barang tertentu dengan purchase based on order to develop certain
kriteria dan persyaratan tertentu yang disepakati goods with certain criteria and agreed terms
antara pembeli (mustashni) dan penjual (shani). between buyer (mustashni) and seller (shani).
Mudharabah adalah kontrak kerjasama usaha Mudharabah is a commercial cooperation
antara pemilik dana (shahibul maal) dengan contract between the owner of funds (shahibul
pengelola dana (mudharib) berdasarkan rasio maal) and a fund manager (mudharib) based on
pendapatan atau keuntungan dan kerugian a predetermined ratio of revenue or profit and
yang telah ditentukan sebelumnya. loss sharing.
56
694 2024 Annual Report
Page 697
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
l. Kredit yang diberikan dan l. Loans and Sharia receivables/financing
piutang/pembiayaan Syariah (lanjutan) (continued)
Musyarakah adalah akad kerjasama antara Musyarakah is an agreement between the
para pemilik modal (mitra musyarakah) untuk investors (musyarakah partner) to combine
menggabungkan modal dan melakukan usaha capital and have a joint-venture in a partnership
secara bersama dalam suatu kemitraan, with nisbah or profit and loss sharing based on
dengan nisbah atau pembagian keuntungan an agreement or with the proportionate capital
dan kerugian sesuai perjanjian atau proporsi contribution.
kontribusi modal.
Ijarah adalah akad sewa menyewa antara Ijarah is a lease agreement between the lessee
pemilik (objek sewa) dan penyewa untuk and the lessor in order to gain income/fee from
mendapatkan imbalan atas objek yang the leased assets.
disewakan.
Pembiayaan mudharabah dan musyarakah Mudharabah and musyarakah financing are
dinyatakan dalam laporan posisi keuangan stated in the consolidated statements of
konsolidasian sebesar saldo pembiayaan financial position at financing balance less
dikurangi dengan cadangan kerugian allowance for impairment losses. The
penurunan nilai. Piutang murabahah dan murabahah receivables and istishna are
istishna disajikan dalam laporan posisi presented in the consolidated statements of
keuangan konsolidasian sebesar nilai neto financial position at the net realizable amount
yang dapat direalisasi, yaitu saldo piutang as the receivables balance less a deferred
dikurangi margin ditangguhkan dan cadangan margin and an allowance for impairment
kerugian penurunan nilai. losses.
Restrukturisasi Kredit Loan Restructuring
Restrukturisasi kredit meliputi modifikasi Loan restructuring may involve a modification
persyaratan kredit, konversi kredit menjadi of the terms of the loans, conversion of loans
saham atau instrumen keuangan lainnya into equity or other financial instruments and/or
dan/atau kombinasi dari keduanya. a combination of both.
Keuntungan/kerugian yang timbul dari Gain/losses on loan restructuring in respect of
restrukturisasi kredit yang berkaitan dengan modification of the terms of the loans are
modifikasi persyaratan kredit hanya diakui bila recognized only if the cash value of total future
nilai tunai penerimaan kas masa depan yang cash receipt specified in the new terms of the
telah ditentukan dalam persyaratan kredit yang loans, including both receipt designated as
baru, termasuk penerimaan yang diperuntukan interest and those designated as loan principal,
sebagai bunga maupun pokok, adalah lebih are greater or less than the recorded amounts
besar atau kecil dari nilai kredit yang diberikan of loans before restructuring.
yang tercatat sebelum restrukturisasi.
Untuk restrukturisasi kredit bermasalah dengan For loan restructuring which involve a
cara konversi kredit yang diberikan menjadi conversion of loans into equity or other financial
saham atau instrumen keuangan lainnya, instruments, a loss on loan restructuring is
kerugian dari restrukturisasi kredit diakui hanya recognized only if the fair value of the equity or
apabila nilai wajar penyertaan saham atau other financial instruments received, reduced by
instrumen keuangan yang diterima dikurangi estimated costs to sell the equity or other
estimasi biaya untuk menjualnya atau financial instruments, is less than the carrying
instrumen keuangan lainnya adalah kurang dari value of loan.
nilai tercatat kredit yang diberikan.
57
2024 Annual Report PT Bank Maybank Indonesia Tbk 695
Page 698
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
m. Tagihan dan liabilitas akseptasi m. Acceptances receivable and acceptances
payable
Dalam kegiatan bisnis yang dijalankan, Bank In the ordinary course of business, the Bank
memberikan jaminan keuangan, seperti letters provides financial guarantees, consisting of
of credit, bank garansi dan akseptasi. letters of credit, bank guarantees and
acceptances.
Tagihan akseptasi diukur pada biaya perolehan Acceptances receivable are measured at
diamortisasi menggunakan metode suku bunga amortized cost using the effective interest rate
efektif (EIR), dikurangi oleh cadangan kerugian (EIR) method, less allowance for impairment
penurunan nilai. Liabilitas akseptasi diukur losses. Acceptances payable are measured at
pada biaya perolehan diamortisasi amortized cost by using the effective interest
menggunakan metode suku bunga efektif (EIR). rate (EIR) method.
Bank mengukur penyisihan kerugian Bank measure allowances for expected credit
ekspektasian dengan menggunakan losses by using the impairment methodology as
metodologi penurunan nilai sebagaimana disclosed in Note 2o.
diungkapkan dalam Catatan 2o.
Bank hanya membentuk cadangan kerugian Bank calculate allowance of impairment losses
penurunan nilai apabila terdapat indikasi if there is a objective evidence of impairment.
penurunan nilai.
n. Piutang pembiayaan konsumen n. Consumer financing receivables
Piutang pembiayaan konsumen disajikan Consumer financing receivables are presented
setelah dikurangi dengan bagian yang dibiayai net of amounts financed by banks relating to the
bank-bank sehubungan dengan transaksi cooperation transactions in the form of loan
kerjasama penerusan pinjaman dan channeling and joint financing, unearned
pembiayaan bersama, pendapatan consumer financing income and allowance for
pembiayaan konsumen yang belum diakui dan impairment losses.
cadangan kerugian penurunan nilai.
Berdasarkan perjanjian kerjasama pembiayaan Based on consumer joint financing agreements
bersama konsumen tanpa jaminan (without without recourse, the subsidiary only presents
recourse), entitas anak hanya menyajikan porsi the portion of the total installments receivable
jumlah angsuran piutang yang dibiayai entitas financing by the subsidiary (net approach). The
anak (pendekatan neto). Pendapatan consumer financing income is presented net of
pembiayaan konsumen disajikan setelah amounts of the banks’ rights on such income
dikurangi dengan bagian yang merupakan hak relating to the transactions. For consumer joint
bank-bank dalam rangka transaksi tersebut. financing agreements with recourse, consumer
Untuk pembiayaan bersama konsumen dengan financing receivables represent all consumers’
jaminan (with recourse), piutang pembiayaan installments and the total facilities financed by
konsumen merupakan seluruh jumlah angsuran creditors are recorded as liability (gross
dari pelanggan dan kredit yang disalurkan oleh approach).
penyedia dana dicatat sebagai liabilitas
(pendekatan bruto).
58
696 2024 Annual Report
Page 699
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
n. Piutang pembiayaan konsumen (lanjutan) n. Consumer financing receivables
(continued)
Pendapatan pembiayaan konsumen yang Unearned income on consumer financing,
belum diakui, yang merupakan selisih antara which is the excess of the aggregate installment
jumlah seluruh pembayaran angsuran yang payments to be received from the consumer
akan diterima dari konsumen dengan jumlah over the principal amount financed, is
pokok pembiayaan konsumen, diakui sebagai recognized as income over the term of the
pendapatan sesuai dengan jangka waktu respective agreement using the effective
kontrak pembiayaan konsumen interest rate method.
berdasarkan tingkat suku bunga efektif piutang
pembiayaan konsumen.
Selisih neto antara pendapatan administrasi The net difference between the administration
yang diperoleh dari konsumen pada saat income earned from the consumer at the first
pertama kali perjanjian pembiayaan konsumen time the financing agreement is signed and
ditandatangani dan biaya-biaya yang timbul initial direct costs related to consumer financing
pertama kali yang terkait langsung dengan facility is deferred and presented as part of
kredit pembiayaan konsumen ditangguhkan “Consumer Financing Receivables” in the
dan disajikan sebagai bagian dari “Piutang consolidated statements of financial position
Pembiayaan Konsumen” pada laporan posisi and recognized as an adjustment to the yield
keuangan konsolidasian dan diakui sebagai received throughout the consumer financing
penyesuaian atas imbal hasil selama periode period using effective interest rate method and
pembiayaan konsumen berdasarkan tingkat presented as a part of “Net Consumer
suku bunga efektif dan disajikan sebagai bagian Financing Receivables Revenue” under interest
dari “Pendapatan Pembiayaan Konsumen - income in the consolidated statement of profit
Neto” pada pendapatan bunga dalam laporan or loss and other comprehensive income for the
laba rugi dan penghasilan komprehensif lain current year.
konsolidasian tahun berjalan.
Cadangan kerugian kredit ekspektasian Allowance for expected credit losses is
dihitung menggunakan metodologi penurunan calculated using the impairment methodology
nilai sebagaimana diungkapkan dalam Catatan as disclosed in Note 2o.
2o.
Termasuk dalam piutang pembiayaan Included in consumer financing receivables are
konsumen adalah piutang pembiayaan multipurpose financing receivables, working
multiguna, piutang pembiayaan modal kerja, capital financing receivables, investment
piutang pembiayaan investasi, piutang sewa financing receivables, finance lease
pembiayaan, piutang pembiayaan konsumen receivables, consumer financing receivables
dan piutang pembiayaan murabahah. and murabahah financing receivables.
Akad murabahah secara substansi merupakan Substantially, murabahah contract is a
suatu pembiayaan, sehingga pengakuan margin financing, so that margin recognition is based
dilakukan berdasarkan standar yang mengatur on standards which regulate financing, as
pembiayaan, seperti yang disebutkan dalam mentioned in consumer financing policy.
kebijakan pembiayaan konsumen.
Piutang yang tak tertagih dihapuskan Receivables are written-off when they are
berdasarkan evaluasi manajemen entitas anak deemed to be uncollectible based on
dan setelah menunggak masing-masing lebih subsidiary’s management evaluation and when
dari 210 (dua ratus sepuluh) hari dan 180 they are overdue for more than 210 (two
(seratus delapan puluh) hari untuk WOM dan hundred and ten) days and 180 (one hundred
MIF. Penerimaan dari piutang yang telah and eighty) days for WOM and MIF,
dihapusbukukan diakui sebagai pendapatan respectively. Collection of receivables
lain-lain pada saat terjadinya. previously written-off is recognized as other
income at the time of occurrence.
59
2024 Annual Report PT Bank Maybank Indonesia Tbk 697
Page 700
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan assets
Penurunan nilai aset keuangan Impairment of financial assets
Pada setiap tanggal pelaporan, Bank mengukur At each reporting date, Bank measures the
penyisihan kerugian penurunan nilai instrumen Allowance of impairment losses on financial
keuangan sejumlah kredit ekspektasian instruments over their lifetime expectancy, if the
sepanjang umurnya, jika risiko kredit atas credit risk of the financial instrument has
instrumen keuangan tersebut telah meningkat increased significantly since initial recognition.
secara signfikan sejak pengakuan awal. Jika If at the reporting date, the credit risk of the
pada tanggal pelaporan, risiko kredit atas financial instrument has not increased
instrumen keuangan tidak meningkat secara significantly since initial recognition, the entity
signifikan sejak pengakuan awal, entitas measures the allowance of impairment losses
mengukur penyisihan kerugian untuk instrumen for the financial instrument in the amount of the
keuangan tersebut sejumlah kerugian expected 12 months loss. The aforementioned
ekspektasian 12 bulan. Kerugian dimaksud losses represent expected loan losses arising
merepresentasikan kerugian kredit from financial instrument defaults that may
ekspektasian yang timbul dari peristiwa gagal
occur 12 months after the reporting date.
bayar instrumen keuangan yang mungkin terjadi
dalam 12 bulan setelah tanggal pelaporan.
Bank dan entitas anak menerapkan pendekatan The Bank and subsidiaries apply a three - stage
tiga tahap berdasarkan kualitas kredit sejak approach based on the change in credit quality
awal pengakuan: since initial recognition:
- Tahap 1 : - Stage 1 :
Tahap 1 ini termasuk aset keuangan yang Stage 1 includes financial assets which
tidak memiliki peningkatan risiko kredit have not had a significant increase in credit
signifikan sejak pengakuan awal atau yang risk since initial recognition or which have
memiliki risiko kredit rendah saat tanggal low credit risk at reporting date.
pelaporan. Kerugian kredit penurunan nilai 12 months ECL is recognised.
12 bulan diakui.
- Tahap 2 : - Stage 2 :
Tahap 2 ini termasuk aset keuangan yang Stage 2 includes financial assets which
memiliki peningkatan risiko kredit signifikan have had a significant increase in credit
sejak pengakuan awal (kecuali memiliki risk since initial recognition (unless they
risiko kredit yang rendah pada tanggal have low credit risk at the reporting date)
pelaporan) namun tidak memiliki bukti but do not have objective evidence of
obyektif penurunan nilai. Kerugian kredit impairment. Lifetime ECL is recognised.
penurunan nilai sepanjang masa diakui.
- Tahap 3 : - Stage 3 :
Tahap 3 ini termasuk aset keuangan yang Stage 3 includes financial assets that have
memiliki bukti objektif penurunan nilai pada objective evidence of impairment at the
tanggal pelaporan. Kerugian kredit reporting date. Lifetime ECL is recognised.
penurunan nilai sepanjang masa diakui.
60
698 2024 Annual Report
Page 701
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan (lanjutan) assets (continued)
Penurunan nilai aset keuangan (lanjutan) Impairment of financial assets (continued)
Sesuai dengan siaran pers dari Ikatan Akuntan In accordance to press conference of
Indonesia (IAI) pada tanggal 10 Januari 2018 Indonesian institute of Accountants on January
dan ISAK 102 khusus untuk transaksi berbasis 10, 2018 and Interpretation of Financial
Syariah pengukuran penurunan nilai dari Acounting Standards (ISFAS) particularly for
kelompok aset keuangan masih belum sharia based transaction impairment losses
mengadopsi PSAK 109. from group of financial assets still has not
adopted SFAS 109.
Bank dan entitas anak menerapkan persyaratan The Bank and subsidiaries applies an
penurunan nilai untuk aset keuangan yang impairment requirement for financial assets
diukur pada biaya perolehan diamortisasi dan measured at amortised cost and financial assets
aset keuangan yang diukur pada nilai wajar measured at fair value through other
melalui penghasilan komprehensif lain. comprehensive income.
Bank mengakui penurunan nilai atas komitmen The Bank recognizes the impairment of loan
pinjaman dan kontrak jaminan keuangan. Untuk commitments and financial guarantee contracts.
kontrak jaminan keuangan, Bank For financial guarantee contracts, the Bank
mempertimbangkan perubahan risiko bahwa considers changes in risk that the debtor
debitur yang ditetapkan dalam kontrak akan specified in the contract will default. For lending
mengalami gagal bayar. Untuk komitmen commitments, the Bank considers changes in
pinjaman, Bank mempertimbangkan perubahan default risk that occur on loans related to loan
risiko gagal bayar yang terjadi pada pinjaman commitments.
yang terkait dengan komitmen pinjaman.
Pengukuran kerugian kredit ekspektasian untuk The measurement of expected credit loss for a
kontrak jaminan keuangan adalah pembayaran financial guarantee contract is a payment
yang diekspektasi untuk mengganti pemegang expected to replace the collateral holder for the
jaminan atas kerugian kredit yang terjadi credit loss incurred less the amount the entity
dikurangi jumlah yang diharapkan entitas untuk expects to receive from the collateral holder,
diterima dari pemegang jaminan, debitur atau debtor or other party.
pihak lain.
Tujuan dari persyaratan penurunan nilai adalah The purpose of the impairment requirements is
untuk mengakui kerugian kredit ekspektasian to recognize expected credit losses over the life
sepanjang umurnya atas semua instrumen of all financial instruments that have
keuangan yang telah mengalami peningkatan experienced a significant increase in credit risk
risiko kredit secara signifikan sejak pengakuan since initial recognition - whether assessed
awal - baik dinilai secara individu atau kolektif - individually or collectively - taking into account
dengan mempertimbangkan semua informasi all reasonable and supported information,
yang wajar dan terdukung, termasuk informasi including estimated information future (forward-
yang bersifat perkiraan masa depan (forward- looking).
looking).
61
2024 Annual Report PT Bank Maybank Indonesia Tbk 699
Page 702
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan (lanjutan) assets (continued)
Penurunan nilai aset keuangan (lanjutan) Impairment of financial assets (continued)
Dalam beberapa keadaan Bank tidak memiliki In some circumstances the Bank does not have
informasi yang wajar dan terdukung yang reasonable and supported information available
tersedia tanpa biaya atau upaya berlebihan without fees or excessive efforts to measure
untuk mengukur kerugian kredit ekspektasian expected credit losses throughout its life on
sepanjang umurnya pada instrumen secara individual instruments. Expected credit losses
individual. Kerugian kredit ekspektasian for the entire lifetime are recognized collectively
sepanjang umurnya diakui secara kolektif by considering comprehensive credit risk
dengan mempertimbangkan informasi risiko information. The comprehensive credit risk
kredit komprehensif. Informasi risiko kredit information must include not only arrears
komprehensif tersebut harus memasukan tidak information but also all relevant credit
hanya informasi tunggakan tetapi juga seluruh information, including forward-looking
informasi kredit relevan, termasuk informasi macroeconomic information, to approach the
makroekonomi forward-looking, untuk outcome of recognizing expected credit losses
mendekati hasil dari pengakuan kerugian kredit over the life of when there is a significant
ekspektasian sepanjang umurnya ketika increase in credit risk since initial recognition at
terdapat kenaikan signifikan pada risiko kredit the level of individual instruments.
sejak pengakuan awal pada level instrumen
individu.
Cadangan kerugian penurunan nilai secara Allowance for impairment losses on impaired
individual dihitung dengan menggunakan financial assets that was assessed individually
metode diskonto arus kas (discounted cash is computed using discounted cash flows
flows). Sedangkan cadangan kerugian method. While allowance for impairment losses
penurunan nilai secara kolektif dihitung dengan on impaired financial assets that was assessed
menggunakan metode statistik dari data historis collectively, the Bank uses statistical method of
berupa probability of default di masa lalu, waktu the historical data such as the probability of
pengembalian dan jumlah kerugian yang terjadi defaults, time of recoveries, the amount of loss
(Loss Given Default) yang selanjutnya incurred (Loss Given Default), considering
disesuaikan lagi dengan pertimbangan management’s judgment of current economic
manajemen terkait kondisi ekonomi dan kredit and credit conditions.
saat ini.
Aset keuangan dan cadangan yang terkait Financial assets together with the associated
tersebut dihapuskan jika tidak ada peluang yang allowance are written-off when there is no
realistis untuk pengembalian di masa datang realistic prospect of future recovery and all
dan semua jaminan telah direalisasi atau sudah collateral has been released or has been
diambil alih oleh Bank dan entitas anak. Aset transferred to the Bank and subsidiaries.
keuangan tersebut dihapus buku dengan Financial assets is written-off by reversing
menjurnal balik cadangan kerugian penurunan allowance for impairment losses. Financial
nilai. Aset keuangan tersebut dapat dihapus assets are written-off after all necessary
buku setelah semua prosedur yang diperlukan procedures has been performed and amount of
telah dilakukan dan jumlah kerugian telah loss has been determined.
ditentukan.
62
700 2024 Annual Report
Page 703
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
o. Penurunan nilai aset keuangan dan non- o. Impairment of financial and non-financial
keuangan (lanjutan) assets (continued)
Jika, pada suatu periode berikutnya, jumlah If, in the next period, the amount of allowance
kerugian penurunan nilai berkurang dan for impairment losses is decreased and the
pengurangan tersebut dapat dikaitkan secara decrease can be related objectively to an event
objektif pada peristiwa yang terjadi setelah that occured after the recognition of the
penurunan nilai diakui (seperti meningkatnya impairment losses (i.e. upgrade debtor’s or
peringkat kredit debitur atau penerbit), maka issuer’s credit rating), therefore the impairment
kerugian penurunan nilai yang sebelumnya loss that was previously recognized has to be
diakui harus dipulihkan, dengan menyesuaikan reversed, by adjusting the allowance account.
akun cadangan. Jumlah pemulihan aset The reversal amount of financial assets is
keuangan diakui pada laporan laba rugi dan recognized in the consolidated statement of
penghasilan komprehensif lain konsolidasian. profit or loss and other comprehensive income.
Penerimaan kembali atas aset keuangan yang The recoveries of written-off financial assets, in
diberikan yang telah dihapusbukukan, pada current period is credited by adjusting the
periode berjalan dikreditkan dengan allowance accounts. Recoveries of written-off
menyesuaikan akun cadangan. Penerimaan loans from previous period are recorded as
kembali atas kredit yang diberikan yang telah operational income other than interest income.
dihapusbukukan pada periode sebelumnya
dicatat sebagai pendapatan operasional selain
bunga.
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
depreciation
Aset tetap Fixed assets
Sesuai dengan PSAK No. 216 (Penyesuaian In accordance with SFAS No. 216
2015) tentang “Aset Tetap”, bank mengukur (Improvement 2015) on “Property, Plant and
akuntansi untuk aset tetap berkaitan dengan Equipment”, the Bank reassessed its
pengukuran atas tanah setelah pengakuan accounting for fixed assets with respect to the
awal. Sebelumnya Bank mengukur semua aset measurement of land after initial recognition.
tetap dengan menggunakan model biaya, The Bank has previously measured all of its
setelah pengakuan awal, aset dinyatakan pada fixed assets using the cost model whereby,
biaya perolehan dikurangi dengan akumulasi after initial recognition, the assets was carried
penyusutan dan akumulasi penurunan nilai. at cost less accumulated depreciation and
accumulated impairment losses.
Pada 1 Januari 2016, Bank memilih untuk On January 1, 2016, the Bank decided to
mengubah metode akuntansi untuk aset tetap change the method of accounting for land
tanah dari model biaya menjadi model classified as fixed assets from cost model to
revaluasi, Bank berkeyakinan bahwa model revaluation model, since the Bank believes that
revaluasi lebih efektif menunjukkan posisi revaluation model more effectively
keuangan atas tanah. demonstrates the financial position of land.
Penilaian atas aset tersebut dilakukan secara Valuations are performed with sufficient
berkala untuk memastikan bahwa nilai wajar regularity to ensure that the fair value of a
aset yang direvaluasi tidak berbeda secara revalued asset does not differ materially from its
material dengan nilai tercatatnya. carrying amount.
63
2024 Annual Report PT Bank Maybank Indonesia Tbk 701
Page 704
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Setelah pengakuan awal, Bank menggunakan After initial recognition, the Bank uses the
model revaluasi, tanah akan diukur pada nilai revaluation model, whereby land will be
wajar pada tanggal revaluasi dikurangi dengan measured at fair value at the date of revaluation
akumulasi penurunan nilai. Bank menerapkan less any subsequent accumulated impairment
model revaluasi secara prospektif. losses. The Bank applied the revaluation model
prospectively.
Nilai wajar tanah ditentukan melalui penilaian Fair value of land are determined through an
yang dilakukan oleh penilai yang memiliki assessment conducted by appraisal who have
kualifikasi profesional berdasarkan bukti pasar. professional qualifications based on market
evidence.
Jika jumlah tercatat aset meningkat akibat If the carrying amount of asset increased due to
revaluasi, maka kenaikan tersebut diakui dalam revaluation, the increase value is recognized in
pendapatan komprehensif lain dan other comprehensive income and being
terakumulasi dalam ekuitas pada bagian accumulated in the fixed assets revaluation
surplus revaluasi aset tetap. Namun, kenaikan surplus of the equity. However, the increase is
tersebut diakui dalam laba rugi hingga sebesar recognized in profit or loss to the extent that its
jumlah penurunan nilai aset yang sama akibat revaluation reserves decrease of the same
revaluasi yang diakui sebelumnya dalam laba assets previously recognized in profit or loss.
rugi.
Jika jumlah tercatat aset turun akibat revaluasi, If the carrying amount of asset decreased due
maka penurunan tersebut diakui dalam laba to revaluation, the decrease value is recognized
rugi. Namun, penurunan nilai tersebut diakui in the profit or loss. However, the decrease is
dalam pendapatan komprehensif lain recognized in other comprehensive income to
sepanjang tidak melebihi saldo surplus the extent of any credit balance existing in the
revaluasi aset tetap untuk aset tersebut. fixed assets revaluation surplus in respect of
Penurunan nilai yang diakui dalam pendapatan that asset. The decrease recognized in other
komprehensif lain tersebut mengurangi jumlah comprehensive income reduces the amount
akumulasi dalam ekuitas pada bagian surplus accumulated in equity under the fixed assets
revaluasi aset tetap. revaluation surplus.
Jika nilai wajar dari aset yang direvaluasi If the fair and fluctuative value of the revalued
mengalami perubahan yang signifikan dan asset change significant, it is necessary to
fluktuatif, maka perlu direvaluasi secara revaluate on an annual basis, whereas if the fair
tahunan, sedangkan jika nilai wajar dari aset value of the revaluated asset does not change
yang direvaluasi tidak mengalami perubahan significant and fluctuative, it is necessary to
yang signifikan dan fluktuatif, maka perlu revaluate at least every 3 (three) years.
dilakukan revaluasi paling kurang 3 (tiga) tahun
sekali.
64
702 2024 Annual Report
Page 705
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Aset tetap selain tanah disusutkan dengan Fixed assets other than land are depreciated
menggunakan metode garis lurus (straight-line using the straight-line method. The annual
method). Persentase penyusutan per tahun depreciation rates are as follows:
adalah sebagai berikut:
Persentase/
Percentage
Bangunan: Buildings:
Permanen 5% Permanent
Non-permanen 10% Non-permanent
Aset tetap diluar bangunan: Fixed Assets other than buildings:
Peralatan kantor dan instalasi 14,29% - 20% Office equipment and installation
Kendaraan bermotor 20% - 33,33% Motor vehicles
Mesin ATM 12,50% ATM machines
Apabila aset tetap tidak digunakan lagi dan When assets are retired and disposed, their
dijual, maka harga perolehan dan akumulasi acquisition cost and the related accumulated
penyusutannya dikeluarkan dari laporan depreciation are eliminated from the
keuangan konsolidasian dan keuntungan dan consolidated financial statements, and the
kerugian dari penghentian aset tetap diakui resulting gains and losses on the disposal of
dalam laporan laba rugi dan penghasilan fixed assets are recognized in the consolidated
komprehensif lain konsolidasian. statement of profit or loss and other
comprehensive income.
Pada setiap akhir tahun buku, Bank melakukan At the end of each year, the Bank reviews the
penelaahan atas nilai residu, masa manfaat dan residual values, useful life and depreciation
metode penyusutan dan melakukan method and makes corresponding adjustments
penyesuaian yang diperlukan secara prospektif. prospectively.
Biaya perbaikan dan pemeliharaan dibebankan Repairs and maintenance are charged to the
ke dalam laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian selama tahun other comprehensive income during the
dimana biaya-biaya tersebut terjadi. Biaya financial year in which they are incurred. The
renovasi yang besar dicatat sebagai bagian dari cost of major renovations is recorded as part of
nilai tercatat aset yang bersangkutan apabila carrying amount of the asset when it is probable
terdapat kemungkinan Bank dan entitas anak that future economic benefits in excess of the
akan mendapatkan manfaat ekonomi masa originally assessed standard of performance of
depan dari aset tersebut yang melebihi standar the existing asset will flow to the Bank and
kinerja yang diperkirakan sebelumnya. subsidiaries. Major renovations are depreciated
Renovasi yang besar tersebut akan disusutkan over the remaining useful life of the related
selama sisa masa manfaat aset yang terkait. asset.
Semua biaya dan beban yang terjadi All costs and expenses incurred in connection
sehubungan dengan perolehan hak atas tanah, with the acquisition of land rights are
diakui sebagai biaya perolehan hak atas tanah. recognized as part of the land rights’s
Biaya pengurusan legal hak atas tanah ketika acquisition. The legal cost incurred when the
tanah diperoleh pertama kali diakui sebagai land was first acquired is recognized as part of
bagian dari biaya perolehan aset tanah. the land acquisition cost.
65
2024 Annual Report PT Bank Maybank Indonesia Tbk 703
Page 706
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset tetap (lanjutan) Fixed assets (continued)
Aset dalam penyelesaian merupakan aset yang Construction in progress consist of assets that
masih dalam proses pembangunan dan belum are still in progress of construction and not yet
siap untuk digunakan serta dimaksudkan untuk ready for use and are intended to be used in
dipergunakan dalam kegiatan usaha. Aset ini business activity. This account is recorded
dicatat sebesar biaya yang telah dikeluarkan. based on the amount paid.
Aset hak-guna Right-of-use assets
PSAK 116 memperkenalkan model akuntansi SFAS 116 introduces a single lessee
penyewa tunggal dan mensyaratkan penyewa accounting model and requires a lessee to
untuk mengakui aset dan liabilitas untuk semua recognise assets and liabilities for all leases
sewa dengan pengecualian sewa jangka with the exemptions of short-term leases and
pendek dan aset dengan nilai rendah. Penyewa the underlying asset is of low value. A lessee is
diharuskan untuk mengakui aset hak-guna required to recognise a right-of-use asset
yang mewakili haknya untuk menggunakan representing its right to use the underlying
aset sewaan dan liabilitas sewa yang mewakili leased asset and a lease liability representing
kewajibannya untuk melakukan pembayaran its obligation to make lease payments. SFAS
sewa. PSAK 116 secara substansial masih 116 substantially carries forward the lessor
menggunakan persyaratan akuntansi atas accounting requirements in SFAS 30 Leases.
pesewa (lessor) sesuai PSAK 30 Sewa. Oleh Accordingly, a lessor continues to classify its
karena itu, penyewa masih akan menggunakan leases as operating leases or finance leases,
klasifikasi sewa dalam sewa operasi atau and to account for those two types of leases
pembiayaan, dan perlakuan atas kedua tipe differently.
sewa tersebut.
Dampak penerapan PSAK 116 adalah Bank The impact of SFAS 116 at the Bank is where
sebagai penyewa atas kontrak sewa properti, the Bank is a lessee in property lease contracts.
data center dan ruang ATM. Bank telah memilih The Bank has elected the simplified approach
simplified approach dalam melakukan transisi of transition and did not restate comparative
dan tidak melakukan penyajian kembali untuk information. Therefore, the comparative
informasi komparatif. Dengan demikian, information continues to be reported under
informasi komparatif tetap dilaporkan sesuai SFAS 30, “Leases”.
dengan PSAK 30, “Sewa”.
Pada tanggal 1 Januari 2020, Bank mengakui On January 1, 2020, the Bank recognised a
liabilitas sewa, sebagai pembayaran sewa yang lease liability, being the remaining lease
tersisa termasuk atas opsi perpanjangan payments including extensions options where
dimana perpanjangan hampir dapat dipastikan, renewal is reasonably certain, discounted using
didiskontokan menggunakan tingkat bunga the incremental borrowing rate at the date of
pinjaman inkremental pada tanggal penerapan initial application. The corresponding right-of-
awal. Aset hak-guna yang diakui adalah jumlah use asset recognised was an amount equal to
yang sama dengan liabilitas sewa, yang the lease liability, adjusted by the amount of
disesuaikan dengan jumlah pembayaran sewa prepaid or accrued lease payments relating to
dibayar dimuka atau terutang terkait sewa those leases.
tersebut.
66
704 2024 Annual Report
Page 707
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
p. Aset tetap, aset hak-guna dan penyusutan p. Fixed assets, right-of-use assets and
(lanjutan) depreciation (continued)
Aset hak-guna (lanjutan) Right-of-use assets (continued)
Beban keuangan dicatat dalam laporan laba Finance expense is recorded in the
rugi konsolidasian. Aset sewa (disajikan consolidated statement of income. Leased
sebagai bagian aset tetap) disusutkan selama assets (presented under fixed assets) are
jangka waktu yang lebih pendek antara umur depreciated over the shorter of the estimated
manfaat aset sewa dan periode masa sewa, jika useful life of the assets and the lease term, if
tidak ada kepastian yang memadai bahwa Bank there is no reasonable certainty that Bank will
akan mendapatkan hak kepemilikan pada akhir obtain ownership by the end of the lease term.
masa sewa.
q. Aset tidak berwujud q. Intangible assets
Aset tidak berwujud terdiri dari perangkat lunak Intangible assets consist of computer software
dan goodwill. and goodwill.
Aset tidak berwujud diakui jika, dan hanya jika, Intangible assets are recognized if, and only if
biaya perolehan aset tersebut dapat diukur when its cost can be measured reliably and it is
secara andal dan kemungkinan besar Bank dan probable that expected future benefits that are
entitas anak akan memperoleh manfaat attributable to it will flow to the Bank and
ekonomis masa depan dari aset tersebut. subsidiaries.
i. Goodwill i. Goodwill
Goodwill merupakan selisih neto antara Goodwill represents the excess of the
harga perolehan investasi dan bagian Bank acquisition cost over the Bank’s share of fair
atas nilai wajar aset neto entitas anak yang value of the acquired subsidiaries’ net
diakuisisi pada tanggal akuisisi. assets at the date of acquisition.
Goodwill tidak diamortisasi dan selanjutnya Goodwill is not amortized and subsequently
disajikan sebesar nilai tercatat dikurangi presented at carrying value less
dengan akumulasi penurunan nilai (Catatan accumulated impairment losses (Note 2o).
2o).
ii. Perangkat lunak ii. Software
Perangkat lunak yang bukan merupakan Computer software which is not an integral
bagian integral dari perangkat keras yang part of a related hardware is recorded as
terkait dicatat sebagai aset tidak berwujud intangible asset and stated at carrying
dan dinyatakan sebesar nilai tercatat, yaitu amount, which is cost less accumulated
sebesar harga perolehan dikurangi dengan amortization.
akumulasi amortisasi.
Biaya perolehan perangkat lunak terdiri dari Cost of software consists of all expenses
seluruh pengeluaran yang dapat dikaitkan directly attributable to the preparation of
langsung dalam persiapan perangkat lunak such software cost and ready to be used for
tersebut dan siap digunakan sesuai dengan their intended purpose.
tujuannya.
67
2024 Annual Report PT Bank Maybank Indonesia Tbk 705
Page 708
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
q. Aset tidak berwujud (lanjutan) q. Intangible assets (continued)
ii. Perangkat lunak ii. Software
Pengeluaran setelah perolehan perangkat Subsequent expenditure on software is
lunak dapat ditambahkan pada biaya capitalized as software only if those
perolehan perangkat lunak atau dikapitalisasi expenditure increases the future economic
sebagai perangkat lunak hanya jika benefits of the software, so that it becomes
pengeluaran tersebut menambah manfaat larger than originally expected performance
ekonomis masa depan dari perangkat lunak standards. Expenditure with no addition of
yang bersangkutan sehingga menjadi lebih future economic benefits from the software
besar dari standar kinerja yang diperkirakan is directly recognized as expenses when
semula. Pengeluaran yang tidak menambah incurred.
manfaat ekonomis masa depan dari
perangkat lunak diakui sebagai beban pada
saat terjadinya.
Perangkat lunak diamortisasi dengan Computer software is amortized by using
menggunakan metode garis lurus selama straight-line method over the estimated
estimasi umur manfaatnya, yaitu 5 (lima) - useful life of software, which is 5 (five) - 10
10 (sepuluh) tahun. (ten) years.
Amortisasi perangkat lunak diakui dalam Amortization is recognized in the
laporan laba rugi dan penghasilan consolidated statement of profit or loss and
komprehensif lain konsolidasian, sejak other comprehensive income from the date
tanggal perangkat lunak tersebut tersedia those software is available for use until the
untuk dipakai sampai berakhirnya masa economic benefits of software is ended.
manfaat dari perangkat lunak tersebut.
Aset tidak berwujud dihentikan pengakuannya An intangible asset shall be derecognized on
jika dilepas atau ketika tidak terdapat disposal or when no future economic benefits
lagi manfaat ekonomi masa depan are expected from its use or disposal. The gain
yang diharapkan dari penggunaan atau or loss arising from the derecognition of an
pelepasannya. Keuntungan atau kerugian yang intangible asset shall be determined as the
muncul dari penghentian pengakuan aset tak difference between the net disposal proceeds,
berwujud ditentukan sebagai selisih antara hasil if any, and the carrying amount of the asset.
neto pelepasan, jika ada, dan jumlah tercatat Gains or losses shall be recognized in profit or
aset. Keuntungan atau kerugian diakui dalam loss when the asset is derecognized.
laba rugi ketika aset tersebut dihentikan
pengakuannya.
r. Agunan diambil alih r. Foreclosed assets
Agunan yang diambil alih disajikan dalam akun Foreclosed assets are presented in the “Other
“Aset Lain-lain”. Assets” account.
Agunan yang diambil alih dinyatakan sebesar Foreclosed assets are stated at net realizable
nilai realisasi neto atau sebesar nilai saldo value or loan outstanding amount, whichever is
outstanding kredit yang diberikan, mana yang lower. Net realizable value is the fair value of
lebih rendah. Nilai realisasi neto adalah nilai the foreclosed assets less estimated costs of
wajar agunan yang diambil alih dikurangi sale the assets. The excess of loan receivable
dengan estimasi biaya untuk menjual agunan over the net realizable value of the foreclosed
tersebut. Selisih lebih saldo kredit di atas nilai assets is charged to allowance for impairment
realisasi neto dari agunan yang diambil alih of the loan losses.
dibebankan ke dalam akun cadangan kerugian
penurunan nilai kredit.
68
706 2024 Annual Report
Page 709
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
r. Agunan diambil alih (lanjutan) r. Foreclosed assets (continued)
Selisih antara nilai agunan yang diambil alih The difference between the value of the
dan hasil penjualannya diakui sebagai foreclosed assets and the proceeds from the
keuntungan atau kerugian pada saat penjualan. sale of such property is recorded as a gain or
loss when the property is sold.
Manajemen mengevaluasi nilai agunan yang Management evaluates the value of foreclosed
diambil alih secara berkala. Cadangan kerugian assets periodically. An allowance for possible
agunan yang diambil alih dibentuk berdasarkan losses on foreclosed assets is provided based
penurunan nilai agunan yang diambil alih. on the decline in value of foreclosed assets.
Beban pemeliharaan agunan yang diambil alih Maintenance expense of foreclosed assets are
dibebankan pada laporan laba rugi dan charged in the current year of consolidated
penghasilan komprehensif lain konsolidasian statement of profit or loss and other
tahun berjalan pada saat terjadinya. comprehensive income as incurred.
s. Beban dibayar dimuka dan aset lain-lain s. Prepayments and other assets
Terdiri dari aset yang tidak material yang tidak Consist of immaterial assets that cannot be
dapat digolongkan dalam pos-pos sebelumnya. classified under the above accounts. Other
Aset lain-lain dinyatakan sebesar nilai tercatat, assets are stated at carrying amount, which is
yaitu harga perolehan setelah dikurangi dengan cost less accumulated amortization, allowance
akumulasi amortisasi, cadangan kerugian for impairment losses or possible losses.
penurunan nilai atau penyisihan kerugian.
Beban dibayar dimuka diamortisasi selama Prepaid expenses are amortized over their
masa manfaat menggunakan metode garis useful lives using the straight-line method.
lurus (straight line method).
t. Liabilitas segera t. Obligations due immediately
Liabilitas segera dicatat pada saat timbulnya Obligations due immediately are recorded
liabilitas, baik dari nasabah maupun dari bank when the payable arise from the customers or
lain. Liabilitas segera dinyatakan sebesar from other banks. Obligations due immediately
jumlah liabilitas Bank. Liabilitas segera diukur are stated at the amount payable by the bank.
sebesar biaya perolehan diamortisasi. Obligations due immediately are measured at
their amortized cost.
u. Simpanan nasabah u. Deposits from customers
Simpanan nasabah adalah dana yang Deposits from customers are deposits of
dipercayakan oleh nasabah (di luar bank lain) customers (excluding other banks) with the
kepada Bank berdasarkan perjanjian Bank based on deposit agreements. Deposits
penyimpanan dana. Simpanan nasabah terdiri from customers consist of demand deposits,
dari giro, tabungan dan deposito berjangka. savings deposits and time deposits.
Simpanan termasuk simpanan Syariah dan Deposits include Sharia deposits and
investasi tidak terikat yang terdiri dari: unrestricted investments consisting of the
following:
a. Wadiah merupakan wadiah yad- a. Wadiah is a wadiah yad-adhamanah
adhamanah yakni titipan dana dalam bentuk savings or demand deposit on which the
giro dan tabungan dimana pemilik dana customer may receive bonus income.
mendapatkan pendapatan bonus.
69
2024 Annual Report PT Bank Maybank Indonesia Tbk 707
Page 710
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
u. Simpanan nasabah (lanjutan) u. Deposits from customers (continued)
Simpanan termasuk simpanan Syariah dan Deposits include Sharia deposits and
investasi tidak terikat yang terdiri dari: (lanjutan) unrestricted investments consisting of the
following: (continued)
b. Investasi tidak terikat dalam bentuk b. Unrestricted investments in the form of
tabungan mudharabah yang merupakan mudharabah savings which entitle the
simpanan dana nasabah yang memberikan customer to receive a share of the Sharia
imbalan bagi hasil untuk nasabah dari unit’s income in return for the usage of the
pendapatan unit Syariah atas penggunaan funds in accordance with the pre-defined
dana sesuai dengan nisbah yang telah and predetermined sharing ratio (nisbah).
ditetapkan dan disetujui sebelumnya.
c. Investasi tidak terikat dalam bentuk deposito c. Unrestricted investments in the form of
berjangka mudharabah merupakan simpanan mudharabah time deposits which entitle
dana nasabah yang memberikan imbalan bagi the customer to receive a share of the
hasil untuk nasabah dari pendapatan unit Sharia unit’s income in return for the usage
Syariah atas penggunaan dana sesuai of the funds in accordance with the pre-
dengan nisbah yang telah ditetapkan dan defined and predetermined sharing ratio
disetujui sebelumnya. (nisbah).
Giro, tabungan dan deposito berjangka diakui Demand deposits, savings deposits and time
sebesar nilai wajar pada awalnya dan deposits are initially recognized at fair value
selanjutnya diukur sebesar biaya perolehan and subsequently measured at amortized cost.
diamortisasi. Biaya perolehan diamortisasi Amortized cost is calculated by taking into
dihitung dengan memperhitungkan adanya account any discount or premium related to the
diskonto atau premi terkait dengan pengakuan initial recognition of deposits from customers
awal simpanan nasabah dan biaya transaksi and transaction costs that are an integral part
yang merupakan bagian yang tak terpisahkan of the effective interest rate (EIR).
dari suku bunga efektif (EIR).
v. Simpanan dari bank lain v. Deposits from other banks
Simpanan dari bank lain terdiri dari liabilitas Deposits from other banks represent liabilities
terhadap bank lain, baik lokal maupun luar to other banks, both domestic and overseas
negeri, dalam bentuk giro, tabungan, interbank banks, in the form of demand deposits, savings
call money dengan periode jatuh tempo deposits, interbank call money with maturity
menurut perjanjian kurang dari atau sama period based on agreement less than or equal
dengan 90 (sembilan puluh) hari dan deposito to 90 (ninety) days and time deposits.
berjangka.
Simpanan dari bank lain diakui sebesar nilai Deposits from other banks are initially
wajar pada awalnya dan selanjutnya diukur recognized at fair value and subsequently
sebesar biaya perolehan diamortisasi dengan measured at amortized cost using the effective
menggunakan metode suku bunga efektif (EIR). interest rate (EIR) method. Amortized cost is
Biaya perolehan diamortisasi dihitung dengan calculated by taking into account any discount
memperhitungkan adanya diskonto atau premi or premium related to the initial recognition of
terkait dengan pengakuan awal simpanan dari deposits from other bank and transaction costs
bank lain dan biaya transaksi yang merupakan that are an integral part of the effective interest
bagian yang tidak terpisahkan dari suku bunga rate (EIR).
efektif (EIR).
Simpanan dari bank lain termasuk simpanan Deposits from other banks include Sharia
Syariah dalam bentuk giro wadiah dan investasi deposits in the form of wadiah demand deposits
tidak terikat yang terdiri dari deposito berjangka and unrestricted investments which comprised
mudharabah. mudharabah time deposits.
70
708 2024 Annual Report
Page 711
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
w. Surat berharga yang diterbitkan dan obligasi w. Securities issued and subordinated bonds
subordinasi
a. Surat berharga yang diterbitkan a. Securities issued
Surat berharga yang diterbitkan terdiri dari Securities issued consist of bonds,
obligasi, medium-term notes, sukuk dan call medium-term notes, sukuk and call money
money yang berjangka waktu di atas 90 with tenor of more than 90 (ninety) days.
(sembilan puluh) hari. Kebijakan akuntansi The accounting policies regarding sukuk
untuk sukuk telah diungkapkan dalam has already been disclosed in
Catatan 2d. Note 2d.
Surat berharga yang diterbitkan diakui Securities issued are initially recognized at
sebesar nilai wajar pada awalnya dan fair value and subsequently measured at
selanjutnya diukur sebesar biaya perolehan amortized cost using the effective interest
diamortisasi dengan menggunakan metode rate (EIR) method. Amortized cost is
suku bunga efektif (EIR). Biaya perolehan calculated by taking into account any
diamortisasi dihitung dengan discount or premium on the initial
memperhitungkan adanya diskonto atau acquisition and transaction costs that are
premi terkait dengan pengakuan awal dan an integral part of the effective interest rate
biaya transaksi yang merupakan bagian (EIR).
yang tidak terpisahkan dari suku bunga
efektif (EIR).
b. Pinjaman dan obligasi subordinasi b. Subordinated loan and bonds
Pinjaman dan obligasi subordinasi terdiri Subordinated loan and bonds consist of
dari obligasi subordinasi dan long term subordinated bonds and subordinated long
notes subordinasi diakui sebesar nilai wajar term notes are initially recognized at fair
pada awalnya dan selanjutnya diukur value and subsequently measured at
sebesar nilai biaya perolehan diamortisasi amortized cost using the effective interest
dengan menggunakan metode suku bunga rate (EIR) method. Amortized cost is
efektif (EIR). Biaya perolehan diamortisasi calculated by taking into account any
dihitung dengan memperhitungkan adanya discount or premium on the initial
diskonto atau premi terkait dengan acquisition of subordinated loan and bonds
pengakuan awal pinjaman dan obligasi and transaction costs that are an integral
subordinasi dan biaya transaksi yang part of the effective interest rate (EIR).
merupakan bagian yang tidak terpisahkan
dari suku bunga efektif (EIR).
x. Pinjaman diterima x. Borrowings
Pinjaman diterima merupakan dana yang diterima Borrowings are funds received from other
dari bank lain, Bank Indonesia atau pihak lain banks, Bank Indonesia or other parties with
dengan liabilitas pembayaran kembali sesuai payment obligation based on borrowings
dengan persyaratan perjanjian pinjaman. agreements.
Pinjaman diterima diakui sebesar nilai wajar Borrowings are initially recognized at fair value
pada awalnya dan selanjutnya diukur sebesar and subsequently measured at amortized cost
biaya perolehan diamortisasi dengan using the effective interest rate (EIR) method.
menggunakan metode suku bunga efektif (EIR). Amortized cost is calculated by taking into
Biaya perolehan diamortisasi dihitung dengan account any discount or premium related to the
memperhitungkan adanya diskonto atau premi initial recognition of borrowings and transaction
terkait dengan pengakuan awal pinjaman costs that are an integral part of the effective
diterima dan biaya transaksi yang merupakan interest rate (EIR).
bagian yang tidak terpisahkan dari suku bunga
efektif (EIR).
71
2024 Annual Report PT Bank Maybank Indonesia Tbk 709
Page 712
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Pendapatan dan beban bunga dan Syariah y. Interest and Sharia income and expense
Untuk instrumen keuangan yang diukur pada Interest income and expenses for all financial
biaya perolehan diamortisasi dan aset instruments measured at amortized cost and
keuangan yang diklasifikasikan sebagai yang financial assets classified as measured at fair
diukur pada nilai wajar melalui penghasilan value through other comprehensive income is
komprehensif lain, pendapatan maupun beban recorded using the effective interest rate (EIR)
bunganya diakui dengan menggunakan metode method, which is the rate that exactly discounts
suku bunga efektif (EIR), yaitu suku bunga yang estimated future cash payments or receipts
akan mendiskonto secara tepat estimasi through the expected life of the financial
pembayaran atau penerimaan kas di masa instrument or a shorter period, where
datang sepanjang perkiraan umur instrumen appropriate, to the net carrying amount of the
keuangan tersebut atau, jika lebih tepat untuk financial asset or financial liability. The
masa yang lebih singkat, sebagai nilai tercatat calculation takes into account all contractual
neto dari aset atau liabilitas keuangan tersebut. terms of the financial instrument and includes
Perhitungan dilakukan dengan any fees or incremental costs that are directly
mempertimbangkan seluruh syarat dan attributable to the instrument and integral part
ketentuan kontraktual instrumen keuangan of the effective interest rate (EIR).
termasuk fee/biaya tambahan yang terkait
secara langsung dengan instrumen tersebut
yang merupakan bagian tidak terpisahkan dari
suku bunga efektif (EIR).
Nilai tercatat aset dan liabilitas keuangan The carrying amount of the financial asset and
disesuaikan jika Bank merevisi estimasi liability is adjusted if the Bank revises its
pembayaran maupun penerimaan. Nilai tercatat estimates of payments or receipts. The
yang disesuaikan tersebut dihitung dengan adjusted carrying amount is calculated based
menggunakan suku bunga efektif (EIR) awal on the original effective interest rate (EIR) and
dan perubahan nilai tercatat dicatat di laporan the change in carrying amount is recorded in
laba rugi dan penghasilan komprehensif lain the consolidated statement of profit or loss and
konsolidasian. Tetapi untuk aset keuangan other comprehensive income. However, for a
yang telah direklasifikasi, dimana pada tahun reclassified financial asset for which the Bank
berikutnya Bank meningkatkan estimasi subsequently increases its estimates of future
penerimaan kas sebagai hasil dari peningkatan cash receipts as a result of increased
pengembalian penerimaan kas, dampak recoverability of those cash receipts, the effect
peningkatan pemulihan tersebut diakui sebagai of that increase is recognized as an adjustment
penyesuaian suku bunga efektif (EIR) sejak to the effective interest rate (EIR) from the date
tanggal perubahan estimasi. of the change in estimate.
Jika aset keuangan atau kelompok aset If a financial assets or a group of similar
keuangan serupa telah diturunkan nilainya financial assets has been written down as a
sebagai akibat kerugian penurunan nilai, maka result of an impairment loss, interest income is
pendapatan bunga yang diperoleh setelahnya recognized on the unimpaired portion of the
diakui atas bagian aset keuangan yang tidak impaired financial assets using the rate of
mengalami penurunan nilai dari aset keuangan interest used to discount the future cash flows
yang mengalami penurunan nilai, berdasarkan for the purpose of measuring the impaired loss.
suku bunga yang digunakan untuk mendiskonto
arus kas masa datang dalam menghitung
kerugian penurunan nilai.
72
710 2024 Annual Report
Page 713
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Pendapatan dan beban bunga dan Syariah y. Interest and Sharia income and expense
(lanjutan) (continued)
Pendapatan syariah terdiri dari pendapatan dari Sharia income consists of income from
piutang murabahah, bagi hasil pembiayaan murabahah receivables, profit distribution of
musyarakah dan mudharabah, dan pendapatan musyarakah and mudharabah financing and
atas investasi pada efek-efek syariah. income on investment in sharia securities.
Pendapatan murabahah yang termasuk margin Murabahah income which includes deferred
ditangguhkan dan pendapatan administrasi, margin and administrative income, are
diakui dengan menggunakan metode setara recorded using the effective rate of return
tingkat imbal hasil efektif, yaitu tingkat imbal hasil method, which is the rate that exactly discounts
setara yang akan mendiskonto secara tepat estimated future cash payments or receipts
estimasi pembayaran atau penerimaan kas di through the expected life of the financial
masa datang sepanjang perkiraan umur instrument or a shorter period, where
instrumen keuangan tersebut atau, jika lebih appropriate, to the net carrying amount of the
tepat untuk masa yang lebih singkat untuk nilai financial asset or financial liability. The
tercatat bersih dari aset keuangan atau liabilitas calculation takes into account all contractual
keuangan. Perhitungan dilakukan dengan terms of the financial instrument and includes
memperhitungkan seluruh syarat dan ketentuan any fees or incremental costs that are directly
kontraktual dari instrumen keuangan dan biaya attributable to the instrument and are an
tambahan yang timbul secara langsung untuk integral part of the effective financing rate.
instrumen tersebut dan merupakan bagian tidak
terpisahkan dari tingkat imbal hasil efektif margin
pembiayaan.
Pendapatan bagi hasil musyarakah yang Profit sharing for passive partner in
menjadi hak mitra pasif diakui dalam periode musyarakah is recognized in the period when
terjadinya hak bagi hasil sesuai nisbah yang the right arises in accordance with the agreed
disepakati. sharing ratio (nisbah).
Pendapatan bagi hasil pembiayaan Mudharabah income are recognized when cash
mudharabah diakui pada saat diterima atau is received or in a period where the right of
dalam periode terjadinya hak bagi hasil sesuai revenue sharing is due based on agreed portion
nisbah yang disepakati. (nisbah).
Pendapatan pembiayaan konsumen entitas The consumer financing income of subsidiaries
anak dinyatakan sebesar pendapatan bersih is presented net of amounts of the bank’s
setelah dikurangi dengan bagian pendapatan portion on such income relating to the
dari bank-bank yang terkait dengan transaksi cooperation transactions of loan channeling,
kerjasama penerusan pinjaman, pembiayaan joint financing and receivable transfer and
bersama dan pengambilalihan piutang serta appointment as an agent to administer the
penunjukkan selaku pengelola piutang yang transferred receivable (Note 2n).
diambil alih tersebut (Catatan 2n).
Untuk kredit yang diberikan dan pembiayaan For loans and consumer financing receivables
konsumen yang pembayaran angsuran pokok with principal or interest has been past due for
atau bunganya telah lewat 90 hari atau lebih 90 days or more, or where the loans and
setelah jatuh tempo, atau kredit dan pembiayaan consumer financing receivables have been
konsumen yang telah dikategorikan sebagai yang classified as impaired loans, the interest
mengalami penurunan nilai, pendapatan bunga income accrued but not yet collected is
yang sudah diakui tetapi belum ditagih akan reversed.
dibatalkan pengakuannya.
Pendapatan denda atas keterlambatan Penalty income arising from late payments of
pembayaran angsuran pembiayaan konsumen consumer financing installments is recognized
diakui pada saat realisasi. when realized.
73
2024 Annual Report PT Bank Maybank Indonesia Tbk 711
Page 714
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
y. Pendapatan dan beban bunga dan Syariah y. Interest and Sharia income and expense
(lanjutan) (continued)
Pelunasan sebelum masa pembiayaan Early repayment is treated as cancellation of an
konsumen berakhir diperlakukan sebagai suatu existing agreement and the resulting gain or
pembatalan kontrak pembiayaan konsumen dan loss is reflected in the consolidated statement
laba atau rugi yang timbul, diakui dalam laporan of profit or loss and other comprehensive
laba rugi dan penghasilan komprehensif lain income for the year.
konsolidasian tahun berjalan.
Entitas anak berhak menentukan tingkat bunga The subsidiaries have the right to set higher
yang lebih tinggi kepada konsumen daripada interest rates to customers than that stated by
tingkat bunga yang ditetapkan oleh bank-bank the banks for the cooperation transactions of
sehubungan dengan transaksi kerja sama loan channeling, joint financing and receivable
penerusan pinjaman, pembiayaan bersama transfer and appointment as an agent to
dan pengambilalihan piutang serta penunjukan administer the transferred receivables. The
selaku pengelola piutang. Selisih bunga yang difference is recognized as revenue from such
terjadi dari transaksi tersebut diakui sebagai transactions by the subsidiaries and presented
pendapatan dan disajikan sebagai Pendapatan as Consumer Financing Revenue under
Pembiayaan Konsumen pada pendapatan interest income in the consolidated statement of
bunga dalam laporan laba rugi dan penghasilan profit or loss and other comprehensive income
komprehensif lain konsolidasian tahun berjalan. for the year.
Beban syariah terdiri dari beban bagi hasil dari Sharia expense consists of expense for profit
simpanan nasabah dengan akad mudharabah distribution on customer deposits with
dan bonus atas simpanan dengan akad wadiah. mudharabah contract and bonus on customers
deposits with wadiah contract.
Beban, kecuali beban yang timbul pertama kali Expenses, except for the initial direct cost
yang terkait langsung dengan piutang relating to the consumer financing receivables
pembiayaan konsumen seperti dijelaskan pada as explained in Note 2n, are recognized when
Catatan 2n, diakui pada saat terjadinya. incurred.
z. Pendapatan dan beban provisi dan komisi z. Fees and commission income and expense
Pendapatan dan beban provisi dan komisi yang Fees and commissions income and expense
jumlahnya material yang berkaitan langsung that have material amount directly related with
dengan kegiatan pembelian aset keuangan the acquisition of financial assets are
diakui sebagai bagian/(pengurang) atau recognized as part/(deduction) or addition of
penambah dari biaya perolehan aset keuangan acquisition cost of related financial assets and
yang bersangkutan dan akan diakui sebagai will be recognized as income and amortized
pendapatan dengan cara diamortisasi using the effective interest rate (EIR) method
berdasarkan metode suku bunga efektif (EIR) during the expected life of financial assets or
sepanjang perkiraan umur aset atau liabilitas liabilities.
keuangan.
Saldo beban dan pendapatan provisi dan The outstanding balances of provision and
komisi yang ditangguhkan atas kredit yang commission income and expense of loans
diberikan yang diakhiri atau diselesaikan terminated or settled prior to maturity are
sebelum jatuh tempo langsung diakui sebagai directly recognized as income in settlement.
pendapatan pada saat penyelesaiannya.
Provisi dan komisi yang tidak berkaitan dengan Provision and commissions that are not related
kredit yang diberikan dan pinjaman yang to loans and borrowings or immaterial period
diterima atau jangka waktu kredit yang loans and borrowings are recognized as
diberikan dan pinjaman yang diterima atau tidak income and expenses at the time the
material, diakui sebagai pendapatan atau transactions incurred.
beban pada saat terjadinya transaksi.
74
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Page 715
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
z. Pendapatan dan beban provisi dan komisi z. Fees and commission income and expense
(lanjutan) (continued)
Bank dan entitas anak mengakui pendapatan The Bank and subsidiaries recognized its
sesuai dengan ketentuan Pernyataan Standar revenue in accordance with Statement of
Akuntansi Keuangan (PSAK) No. 115 Financial Accounting Standards (SFAS)
mengenai “Pendapatan dari Kontrak dengan No. 115 regarding “Revenue from Contract with
Pelanggan”. Customers”.
aa. Perpajakan aa. Taxation
Sesuai dengan PSAK No. 212 (Revisi 2014) In accordance with SFAS No. 212 (Revised
tentang “Pajak Penghasilan”, aset dan liabilitas 2014) on “Income Taxes”, deferred tax assets
pajak tangguhan diakui atas perbedaan and liabilities are recognized for temporary
temporer aset dan liabilitas antara pelaporan differences between the financial and tax bases
komersial dan pajak pada setiap tanggal of assets and liabilities at each reporting date.
pelaporan.
Liabilitas pajak tangguhan diakui atas semua Deferred tax liabilities are recognized for all
perbedaan temporer kena pajak. Aset pajak taxable temporary differences. Deferred tax
tangguhan diakui atas semua perbedaan assets are recognized for all deductible
temporer yang dapat dikurangkan dan saldo temporary differences and carry-forward
rugi pajak yang belum digunakan, apabila besar balance of unused tax losses, if there are
kemungkinannya bahwa jumlah laba fiskal di probable future that taxable income will be
masa datang akan memadai untuk sufficient to be applied against the deductible
dikompensasi dengan perbedaan temporer temporary differences and unused tax losses
yang dapat dikurangkan dan saldo rugi fiskal can be utilized.
yang belum digunakan.
Aset dan liabilitas pajak tangguhan dihitung Deferred tax assets and liabilities are calculated
dengan tarif pajak (dan peraturan pajak) yang at the tax rates (and tax laws) that are effective
berlaku secara efektif atau secara substansial or substantially expected to apply to the year
akan diberlakukan pada tahun dimana aset when the asset is realized or the liability is
tersebut direalisasikan atau liabilitas tersebut settled.
diselesaikan.
Semua perbedaan temporer kena pajak diakui All taxable temporary difference should be
sebagai liabilitas pajak tangguhan, kecuali recognized as deferred tax liability, except
perbedaan temporer kena pajak yang berasal taxable temporary difference arises from:
dari:
a. pengakuan awal goodwill. a. the initial recognition of goodwill.
b. pengakuan awal aset atau liabilitas dari b. the initial recognition of an asset or liability
transaksi yang bukan kombinasi bisnis; dan in a transaction which is not a business
pada waktu transaksi tidak mempengaruhi combination; and at the time of the
laba akuntansi dan laba kena pajak (rugi transaction, affects neither accounting
pajak). profit nor taxable profit (tax loss).
c. investasi pada entitas anak, cabang dan c. investment in subsidiaries, branches and
asosiasi, serta bagian partisipasi dalam associates, and interest in joint ventures
ventura bersama dimana entitas induk, where the parent, investor or venturer is
investor atau venturer mampu able to control the timing of the reversal of
mengendalikan waktu pembalikan the temporary difference and it is probable
perbedaan temporer dan kemungkinan that the temporary difference will not
besar perbedaan temporer tidak akan reverse in the foreseeable future.
dibalik di masa yang akan datang.
75
2024 Annual Report PT Bank Maybank Indonesia Tbk 713
Page 716
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
aa. Perpajakan (lanjutan) aa. Taxation (continued)
Semua perbedaan temporer kena pajak diakui All deductible temporary difference shall be
sebagai aset pajak tangguhan, kecuali recognized as deferred tax asset, except for the
perbedaan temporer kena pajak yang berasal temporary differences arises from:
dari:
a. Pengakuan awal aset atau liabilitas dari a. The initial recognition of an asset or liability
transaksi yang bukan kombinasi bisnis; dan in a transaction which is not a business
pada waktu transaksi tidak mempengaruhi combination; and at the time of the
laba akuntansi dan laba kena pajak (rugi transaction, affects neither accounting
pajak). profit nor taxable profit (tax loss).
b. Investasi pada entitas anak, cabang dan b. Investment in subsidiaries, branches and
asosiasi, serta bagian partisipasi dalam associates, and interest in joint ventures
ventura bersama diakui sebagai aset pajak shall be recognized as a deferred tax asset,
tangguhan sepanjang kemungkinan besar only to the extent that, it is probable that the
terjadi perbedaan temporer akan dibalik di temporary differences will be reversed in
masa depan yang dapat diperkirakan; dan the foreseeable future; and taxable profit
laba kena pajak akan tersedia dalam will be available against which the
jumlah yang memadai sehingga perbedaan temporary difference can be utilized.
temporer dapat dimanfaatkan.
Taksiran pajak penghasilan Bank dan entitas The estimation of income tax of the Bank and
anak dihitung untuk masing-masing subsidiaries is computed for each company as
perusahaan sebagai badan hukum terpisah. a separate legal entity. Current tax assets and
Aset pajak kini (current tax assets) dan liabilitas current tax liabilities for different legal entities
pajak kini (current tax liabilities) untuk badan are not offset in the consolidated financial
hukum yang berbeda tidak disalinghapuskan statements.
(offset) dalam laporan keuangan konsolidasian.
Koreksi terhadap liabilitas perpajakan dicatat Amendments to taxation obligations are
pada saat diterimanya surat ketetapan, atau recorded when an assessment letter is
apabila diajukan permohonan keberatan atau received, or objection or appeal is submitted, or
banding, ketika hasil keberatan atau banding the results of the objection or appeal has been
sudah ditetapkan kecuali jika ada determined unless there is a significant
ketidakpastian yang signifikan mengenai hasil agreement regarding the results of the
dari banding tersebut, di mana dampak dari agreement, the impact of the amendment to the
amandemen kewajiban pajak berdasarkan tax obligations based on the tax assessment is
ketetapan pajak tersebut diakui pada saat recognized when submitting an appeal.
mengajukan banding.
Beban pajak kini ditentukan berdasarkan Current tax expense is determined based on
penghasilan kena pajak untuk tahun berjalan the taxable income for the current year and
dan dihitung menggunakan tarif pajak yang computed using prevailing tax rates.
berlaku.
Bank harus memperhitungkan konsekuensi Bank is required to account for the current and
pajak kini dan pajak masa depan atas future recovery (settlement) of the carrying
pemulihan di masa depan (penyelesaian) dari amount of assets (liabilities) that are recognized
jumlah tercatat aset (liabilitas) yang diakui in the consolidated statements of financial
dalam laporan posisi keuangan konsolidasian position and transactions and other events of
dan transaksi-transaksi serta peristiwa lain the current period that are recognized in the
yang terjadi dalam periode berjalan yang diakui financial statements.
dalam laporan keuangan.
76
714 2024 Annual Report
Page 717
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ab. Laba per saham ab. Earnings per share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba tahun berjalan yang dapat dividing income for the year attributable to
diatribusikan kepada pemegang saham biasa ordinary equity holders of the parent company
entitas induk dengan jumlah rata-rata by the weighted average number of shares
tertimbang saham yang beredar pada tahun outstanding during the year.
yang bersangkutan.
ac. Dana pensiun dan manfaat karyawan ac. Pension fund and employee benefit
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, iuran Short-term employee benefits such as wages,
jaminan sosial, tunjangan cuti jangka pendek, social security contributions, short-term
bonus dan imbalan non-moneter lainnya diakui compensated leaves, bonuses and other non-
selama periode jasa diberikan. Imbalan kerja monetary benefits are recognized during the
jangka pendek dihitung sebesar jumlah yang period when services have been rendered.
tidak didiskontokan. Short-term employee benefits are calculated
using undiscounted amounts.
Kewajiban pensiun Pension obligations
Sejak Mei 1996, Bank menyelenggarakan Since May 1996, the Bank had a defined
program pensiun Iuran Pasti untuk semua contribution pension plan for all of its local
karyawan tetap. Iuran yang ditanggung Bank permanent employees. Contributions borne by
diakui sebagai beban pada tahun berjalan. the Bank are recognized as expense in the
current year.
Bank dan entitas anak yang berdomisili di The Bank and subsidiaries domiciled in
Indonesia mengakui kerja berdasarkan Indonesia recognize provisions for employee
Undang-undang No. 13/2003 tanggal 25 Maret service entitlements in accordance with Labor
2003 (Bank mengakui penyisihan tersebut Law No. 13/2003 dated March 25, 2003 (the
sebagai tambahan atas manfaat yang akan Bank recognizes the provision in addition to the
diterima karyawan dari program pensiun iuran benefit to be received by the employees from
pasti dan perjanjian kerja bersama). the pension plan and collective employment
agreement).
Bank dan entitas anak menerapkan PSAK The Bank and subsidiaries adopted SFAS
No. 219 (Penyesuaian 2016), “Imbalan Kerja”, No. 219 (Improvement 2016), “Employee
yang mengatur perlakuan akuntansi dan Benefits”, which regulates accounting treatment
pengungkapan atas imbalan kerja, baik jangka and disclosure employee benefit, for both short-
pendek (misalnya pembayaran cuti tahunan term (such as annual leave and sick leave
dan cuti sakit) dan jangka panjang (misalnya, payment) and long-term (such as long-service
pembayaran cuti besar dan manfaat kesehatan leave and post-employment medical benefits).
pasca-kerja).
Imbalan pasca-kerja secara aktuaris ditentukan The post-employment benefits are actuarially
berdasarkan metode Projected Unit Credit. determined using the Projected Unit Credit
Method.
Perkiraan liabilitas pada tanggal laporan posisi The estimated liabilities as of the consolidated
keuangan konsolidasian merupakan nilai kini statement of financial position date represents
imbalan pasti pada tanggal laporan posisi the present value of the defined benefit
keuangan konsolidasian dikurangi nilai wajar obligation as of the consolidated statement of
aset program. financial position date less the fair value of plan
assets.
77
2024 Annual Report PT Bank Maybank Indonesia Tbk 715
Page 718
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ac. Dana pensiun dan manfaat karyawan ac. Pension fund and employee benefit
(lanjutan) (continued)
Kewajiban pensiun (lanjutan) Pension obligations (continued)
Biaya imbalan pasca-kerja yang diakui selama The post-employment benefits expense
tahun berjalan terdiri dari biaya jasa dalam laba recognized during the current year consists of
rugi, bunga neto atas liabilitas imbalan pasti service cost in profit and loss, net interest on the
neto dalam laba rugi dan pengukuran kembali net defined benefit liability in profit and loss and
liabilitas imbalan pasti neto dalam penghasilan remeasurement of the net defined benefit
komprehensif lain. liabilities in other comprehensive income.
Bunga neto atas liabilitas imbalan pasti neto Net interest on the net defined benefit liabilites
merupakan komponen pendapatan bunga dari is the interest income component of plan
aset program, biaya bunga atas liabilitas assets, interest expense of defined benefit
imbalan pasti dan bunga atas dampak batas obligation and interest on the effect of asset
atas dari aset. ceiling.
Pengukuran kembali liabilitas imbalan pasti Remeasurements of the net defined benefit
neto terdiri atas: liability consists of:
- Keuntungan dan kerugian aktuarial; - Actuarial gains and losses;
- Imbal hasil atas aset program, tidak termasuk - Return on plan assets, excluding amount
jumlah yang dimasukkan dalam bunga neto included in net interest on the net defined
atas liabilitas imbalan pasti neto; dan benefit liability; and
- Setiap perubahan dampak batas atas aset, - Any change in effect of the asset ceiling,
tidak termasuk jumlah yang dimasukkan excluding amount including in net interest on
dalam bunga neto atas liabilitas imbalan pasti the net defined benefit liability.
neto.
Penangguhan pengakuan keuntungan dan Deferred recognition of actuarial gains and
kerugian aktuarial tidak diizinkan. Keuntungan losses is not allowed. Actuarial gains and
dan kerugian aktuarial langsung diakui dalam losses are recognised directly in other
komponen penghasilan komprehensif lain comprehensive income component in equity
dalam ekuitas dan dapat dialihkan ke pos lain and can be transferred to other post within
dalam ekuitas. equity.
ad. Segmen operasi ad. Operating segment
Segmen operasi adalah komponen Bank dan An operating segment is a Bank’s and
entitas anak yang terlibat dalam aktivitas bisnis subsidiaries’ component that is involved in
yang memperoleh pendapatan dan business activities which derive income and
menimbulkan beban, yang hasil operasinya incur expenses, which the operating results is
dikaji ulang secara regular oleh pengambil reviewed regularly by operational decision
keputusan operasional untuk membuat maker for making decision related to resource
keputusan tentang sumber daya yang that is allocated to the segment and evaluates
dialokasikan pada segmen tersebut dan menilai the performance and provide separable
kinerjanya serta menyediakan informasi financial information. The operating segment
keuangan yang dapat dipisahkan. Segmen has been divided into Global Banking, Business
operasi terbagi dalam kelompok Perbankan Banking, Retail and Head Office and others.
Global, Perbankan Bisnis, Ritel dan Kantor
Pusat lainnya.
78
716 2024 Annual Report
Page 719
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ad. Segmen operasi (lanjutan) ad. Operating segment (continued)
Bank dan entitas anak melaporkan informasi The Bank and subsidiaries report the following
geografis sebagai berikut: geographical information:
(a) Pendapatan dari pelanggan eksternal (a) Revenues from external customers (i)
(i) yang diatribusikan kepada negara attributed to the Bank’s and subsidiaries’
domisili Bank dan entitas anak dan (ii) yang country of domicile and (ii) attributed to all
diatribusikan kepada semua negara asing foreign countries in total from which the
secara total dimana Bank dan entitas anak Bank and subsidiaries derive revenues.
memperoleh pendapatan.
(b) Aset tidak lancar selain instrumen (b) Non current assets, other than financial
keuangan, aset pajak yang ditangguhkan, instruments, deferred tax assets, post-
aset imbalan pasca-kerja dan hak yang employment benefit assets, and rights
timbul akibat kontrak asuransi (i) yang arising under insurance contracts (i) is
berlokasi di negara domisili Bank dan entitas located in the Bank’s and subsidiaries’
anak dan (ii) berlokasi di semua negara country of domicile (ii) located in all
asing secara total dimana Bank dan entitas overseas country in total where the Bank
anak memiliki aset tersebut. and subsidiaries owned the assets.
ae. Transaksi dengan pihak berelasi ae. Transactions with related parties
Bank dan entitas anak melakukan transaksi The Bank and subsidiaries enter into
dengan pihak berelasi sesuai dengan ketentuan transactions with parties which are defined as
Pernyataan Standar Akuntansi Keuangan related parties in accordance with Statement of
(PSAK) No. 224 mengenai “Pengungkapan Financial Accounting Standards (SFAS)
Pihak-Pihak Berelasi”. No. 224 regarding “Related Parties”.
Jenis transaksi dan saldo dengan pihak The nature of transactions and balances of
berelasi, baik yang dilaksanakan dengan accounts with related parties, whether or not
ataupun tidak dilaksanakan dengan syarat serta performed on normal terms and conditions
kondisi normal yang sama untuk pihak yang similar to those with third parties, are disclosed
tidak berelasi, diungkapkan dalam catatan atas in the notes to the consolidated financial
laporan keuangan konsolidasian. statements.
Pihak berelasi adalah orang atau entitas yang A related party is a person or entity that is
terkait dengan entitas yang menyiapkan laporan related to the entity that is preparing its financial
keuangannya (entitas pelapor). Yang termasuk statements (in this Standard referred to as the
pihak berelasi adalah sebagai berikut: ‘reporting entity’). The related parties are as
follows:
1) Orang atau anggota keluarga terdekat 1) A person or a close member of that person’s
mempunyai relasi dengan entitas pelapor family is related to a reporting entity if that
jika orang tersebut: person:
a) Memiliki pengendalian atau a) Has control or joint control of the
pengendalian bersama atas entitas reporting entity;
pelapor;
b) Memiliki pengaruh signifikan atas entitas b) Has significant influence over the
pelapor; atau reporting entity; or
c) Merupakan personil manajemen kunci c) Is a member of the key management
entitas pelapor atau entitas induk entitas personnel of the reporting entity or of a
pelapor. parent of the reporting entity.
79
2024 Annual Report PT Bank Maybank Indonesia Tbk 717
Page 720
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ae. Transaksi dengan pihak berelasi (lanjutan) ae. Transactions with related parties
(continued)
2) Suatu entitas berelasi dengan entitas 2) An entity is related to a reporting entity if any
pelapor jika memenuhi salah satu hal of the following conditions applies:
sebagai berikut:
a) Entitas dan entitas pelapor adalah a) The entity and the reporting entity are
anggota dari kelompok usaha yang members of the same group (which
sama (artinya entitas induk, entitas anak means that each parent, subsidiary and
dan entitas anak berikutnya terkait fellow subsidiary is related to the others);
dengan entitas lain);
b) Suatu entitas adalah entitas asosiasi atau b) One entity is an associate or joint venture
ventura bersama dari entitas lain (atau of the other entity (or an associate or joint
entitas asosiasi atau ventura Bersama venture of a member of a group of which
yang merupakan anggota suatu the other entity is a member);
kelompok usaha, yang mana entitas lain
tersebut adalah anggotanya);
c) Kedua entitas tersebut adalah ventura c) Both entities are joint ventures of the
bersama dari pihak ketiga yang sama; same third party;
d) Suatu entitas adalah ventura bersama d) One entity is a joint venture of a third
dari entitas ketiga dan entitas yang lain entity and the other entity is an associate
adalah entitas asosiasi dari entitas of the third entity;
ketiga;
e) Entitas tersebut adalah suatu program e) The entity is a post-employment benefit
imbalan paskakerja untuk imbalan kerja plan for the benefit of employees of
dari salah satu entitas pelapor atau either the reporting entity or an entity
entitas yang terkait dengan entitas related to the reporting entity;
pelapor;
f) Entitas yang dikendalikan atau f) The entity is controlled or jointly
dikendalikan bersama oleh orang yang controlled by a person identified in (1); or
diidentifikasi sebagaimana dimaksud
dalam angka 1); atau
g) Orang yang diidentifikasi sebagaimana g) A person identified in (1) (a) has
dimaksud dalam angka 1) huruf a) significant influence over the entity or is
memiliki pengaruh signifikan atas entitas a member of the key management
atau merupakan personil manajemen personnel of the entity (or of a parent of
kunci entitas (atau entitas induk dari the entity).
entitas).
3) Pihak yang bukan merupakan pihak berelasi 3) The following are not related parties:
adalah sebagai berikut:
a) Dua entitas hanya karena mereka a) Two entities simply because they have a
memiliki direktur atau personil director or other member of key
manajemen kunci yang sama atau management personnel in common or
karena personil manajemen kunci dari because a member of key management
satu entitas mempunyai pengaruh of one entity has significant influence
signifikan atas entitas lain; over the other entity;
80
718 2024 Annual Report
Page 721
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
ae. Transaksi dengan pihak berelasi (lanjutan) ae. Transactions with related parties
(continued)
3) Pihak yang bukan merupakan pihak berelasi 3) The following are not related parties:
adalah sebagai berikut: (lanjutan) (continued)
b) Dua venturer hanya karena mereka b) Two joint ventures simply because they
mengendalikan bersama atas ventura share joint control of a joint venture;
bersama;
c) Penyandang dana, serikat dagang, c) Fund provider, trade unions, public
entitas pelayanan publik dan departemen service, and ministry and agencies of a
dan instansi pemerintah yang tidak government that does not control, jointly
mengendalikan, mengendalikan bersama control or significantly influence the
atau memiliki pengaruh signifikan atas reporting entity, simply by virtue of their
entitas pelapor, semata-mata dalam normal dealings with an entity (even
pelaksanaan urusan normal dengan though they may restrict the entity or
entitas (meskipun pihak-pihak tersebut participate in decision-making process);
dapat membatasi kebebasan entitas atau and
ikut serta dalam proses pengambilan
keputusan); dan
d) Pelanggan, pemasok, pemegang hak d) A customer, supplier, franchisor,
waralaba, distributor atau agen umum distributor or general agent with whom
dengan siapa entitas mengadakan an entity transacts a significant volume
transaksi usaha dengan volume of business solely because economic
signifikan, semata-mata karena dependence due to circumstances.
ketergantungan ekonomis yang
diakibatkan oleh keadaan.
af. Perubahan kebijakan akuntansi dan af. Change in accounting policies and
pengungkapan disclosures
Penerapan dari revisi standar berikut yang The adoption of these amended standards that
berlaku efektif mulai 1 Januari 2024, tidak are effective beginning 1 January 2024 did not
menimbulkan perubahan substansial terhadap result in substantial changes to the Bank and its
kebijakan akuntansi Bank dan entitas anak; dan subsidiaries accounting policies and had no
tidak ada pengaruh yang material atas jumlah material effect on the amounts reported for the
yang dilaporkan atas tahun berjalan atau tahun current or prior financial years.
sebelumnya.
• Amendemen PSAK 116 “Sewa” - • Amendment of SFAS 116 ‘Leases’ -
Liabilitas Sewa pada Transaksi Jual dan Lease liability in a Sale and Leaseback
Sewa Balik
Amandemen PSAK 116, 'Sewa' mencakup Amendments to SFAS 116, 'Lease' include
persyaratan transaksi jual dan sewa the terms of sale and leaseback
kembali dalam PSAK 116 yang transactions in SFAS 116 to explain how an
menjelaskan bagaimana entitas mencatat entity records sales and leasebacks after
penjualan dan penyewaan kembali setelah the date of the transaction. Sale and
tanggal transaksi. Transaksi jual dan sewa leaseback transactions where some or all
kembali yang sebagian atau seluruh of the rental payments are variable rental
pembayaran sewanya merupakan payments that are not dependent on
pembayaran sewa variabel yang tidak indexes or rates are likely to be impacted.
bergantung pada indeks atau suku bunga,
kemungkinan besar akan terkena
dampaknya.
81
2024 Annual Report PT Bank Maybank Indonesia Tbk 719
Page 722
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES (continued)
af. Perubahan kebijakan akuntansi dan af. Change in accounting policies and
pengungkapan (lanjutan) disclosures (continued)
Penerapan dari revisi standar berikut yang The adoption of these amended standards that
berlaku efektif mulai 1 Januari 2024, tidak are effective beginning January 1, 2024 did not
menimbulkan perubahan substansial terhadap result in substantial changes to the Bank and its
kebijakan akuntansi Bank dan entitas anak; dan subsidiaries accounting policies and had no
tidak ada pengaruh yang material atas jumlah material effect on the amounts reported for the
yang dilaporkan atas tahun berjalan atau tahun current or prior financial years (continued).
sebelumnya (lanjutan).
• Amandemen PSAK 201 “Penyajian • Amendments to SFAS 201 “Presentation
Laporan Keuangan” - Liabilitas Jangka of financial statement" - Non-current
Panjang dengan Kovenan Liabilities with Covenants
Amandemen PSAK 201, ‘Penyajian The amendment to SFAS 201,
Laporan Keuangan', mengklarifikasi ‘Presentation of Financial Statements’,
bagaimana kondisi yang harus dipatuhi clarifies how conditions with which an entity
suatu entitas dalam waktu dua belas bulan must comply within twelve months after the
setelah periode pelaporan mempengaruhi reporting period affect the classification of a
klasifikasi suatu kewajiban. liability.
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING AND JUDGMENTS
Dalam proses penerapan kebijakan akuntansi Bank In the process of applying the Bank and
dan entitas anak, manajemen telah melakukan subsidiaries’ accounting policies, management has
pertimbangan profesional dan estimasi dalam exercised professional judgment and estimates in
menentukan jumlah yang diakui dalam laporan determining the amounts recognized in the
keuangan konsolidasian. Beberapa pertimbangan consolidated financial statements. The several
profesional dan estimasi yang signifikan adalah significant uses of the professional judgment and
sebagai berikut: estimates are as follows:
Usaha yang berkelanjutan Going concern
Manajemen Bank dan entitas anak telah melakukan The Bank and subsidiaries’ management has made
penilaian atas kemampuan Bank dan entitas anak an assessment of the Bank and subsidiaries’ ability
untuk melanjutkan kelangsungan usahanya dan to continue as a going concern and is satisfied that
berkeyakinan bahwa Bank dan entitas anak the Bank and subsidiaries has the resources to
memiliki sumber daya untuk melanjutkan usahanya continue its business for the foreseeable future.
di masa mendatang. Selain itu, manajemen tidak Furthermore, the management is not aware of any
mengetahui adanya ketidakpastian material yang material uncertainties that may cast significant
dapat menimbulkan keraguan yang signifikan doubt upon the Bank and subsidiaries’ ability to
terhadap kemampuan Bank dan entitas anak untuk continue as a going concern. Therefore, the
melanjutkan kelangsungan usahanya. Oleh karena consolidated financial statements continue to be
itu, laporan keuangan konsolidasian telah disusun prepared on the going concern basis.
atas dasar usaha yang berkelanjutan.
82
720 2024 Annual Report
Page 723
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
Klasifikasi Aset dan Liabilitas Keuangan Classification of the Financial Assets and Liabilities
Bank dan entitas anak menetapkan klasifikasi atas Bank and subsidiaries determine the classification
aset dan liabilitas tertentu sebagai aset keuangan of certain assets and liabilities as financial assets
dan liabilitas keuangan dengan mempertimbangkan and financial liabilities by judging if they meet the
bila definisi yang ditetapkan PSAK No. 239 dipenuhi. definition set forth in SFAS No. 239. Accordingly,
Dengan demikian, aset keuangan dan liabilitas the financial assets and financial liabilities are
keuangan diakui sesuai dengan kebijakan akuntansi accounted for in accordance with the accounting
seperti yang diungkapkan pada Catatan 2. policies as disclosed in Note 2.
Nilai wajar atas instrumen keuangan (Catatan 52) Fair value of financial instruments (Note 52)
Bila nilai wajar aset keuangan dan liabilitas When the fair values of financial assets and
keuangan yang tercatat pada laporan posisi financial liabilities recorded on the consolidated
keuangan konsolidasian tidak tersedia di pasar aktif, statements of financial position cannot be derived
nilainya ditentukan dengan menggunakan berbagai from active markets, they are determined using a
teknik penilaian termasuk penggunaan model variety of valuation techniques that include the use
matematika. Masukan (input) untuk model ini of mathematical models. The inputs to these
berasal dari data pasar yang bisa diamati sepanjang models are derived from observable market data
data tersebut tersedia. Bila data pasar yang bisa where possible. But when observable market data
diamati tersebut tidak tersedia, pertimbangan are not available, management’s judgment is
manajemen diperlukan untuk menentukan nilai required to establish fair values. The management’s
wajar. Pertimbangan manajemen tersebut judgments include considerations of liquidity and
mencakup pertimbangan likuiditas dan masukan model inputs such as volatility for long-term
model seperti volatilitas untuk transaksi derivatif derivatives and discount rates, early payment rates
yang berjangka waktu panjang dan tingkat diskonto, and default rate assumptions.
tingkat pelunasan dipercepat dan asumsi tingkat
gagal bayar.
Bank dan entitas anak menampilkan nilai wajar atas The Bank and subsidiaries present the fair value of
instrumen keuangan berdasarkan hirarki nilai wajar financial instruments based on the following fair
sebagai berikut: value hierarchy:
1. Tingkat 1: harga kuotasian (tanpa penyesuaian) 1. Level 1: quoted prices (unadjusted) in active
di pasar aktif aset atau liabilitas yang identik. markets for identical assets or liabilities.
2. Tingkat 2: teknik lain atas semua input yang 2. Level 2: other techniques for which all inputs
memiliki efek signifikan terhadap nilai wajar which have a significant effect on the recorded
yang tercatat dapat diobservasi, baik secara fair value are observable, either directly or
langsung maupun tidak langsung. indirectly.
3. Tingkat 3: teknik yang mengunakan input yang 3. Level 3: techniques which use inputs that have
memiliki pengaruh signifikan terhadap nilai a significant effect on the recorded fair value
wajar yang tercatat yang tidak berdasarkan data that are not based on observable market data.
pasar yang dapat diobservasi.
83
2024 Annual Report PT Bank Maybank Indonesia Tbk 721
Page 724
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
Penurunan nilai pinjaman yang diberikan dan Impairment losses on loans and receivables (Notes
piutang (Catatan 12 dan 13) 12 and 13)
PSAK 109 mensyaratkan penyertaan informasi SFAS 109 requires inclusion of information about
tentang kejadian masa lalu, kondisi saat ini dan past events, current conditions and forecasts of
perkiraan kondisi ekonomi masa depan. Perkiraan future economic conditions. The estimates of
perubahan dalam kerugian kredit yang diharapkan changes in expected credit losses should reflect,
harus mencerminkan, dan secara langsung konsisten and be directionally consistent with, changes in
dengan, perubahan dalam data terkait yang related observable data from period to period. The
diobservasi dari periode ke periode. Perhitungan calculation of collective expected credit losses of
kerugian kredit ekspektasian secara kolektif atas aset financial assets requires estimation of forward-
keuangan membutuhkan estimasi forward looking dari looking Probability of Default (PD), Loss Given
Probability of Default (PD), Loss Given Default (LGD) Default (LGD) and Exposure at Default (EAD).
dan Exposure at Default (EAD).
Bank dan entitas anak membentuk cadangan The Bank and subsidiaries determine collective
kerugian penurunan nilai kolektif atas eksposur impairment allowance for their loans portfolio, in
pinjaman yang diberikan yang dimiliki, dimana which the evaluation are conducted for each
evaluasi dilakukan terhadap setiap kelompok bisnis business segment based on historical loss
berdasarkan data kerugian historis. experiences.
Bank dan entitas anak juga menelaah aset The Bank and subsidiaries also review their
keuangan yang signifikan secara individual pada individually financial assets at each consolidated
setiap tanggal laporan posisi keuangan statements of financial position dates to assess
konsolidasian untuk menilai apakah penurunan nilai whether an impairment loss should be recorded in
harus dicatat dalam laporan laba rugi dan the consolidated statement of profit or loss and
penghasilan komprehensif lain konsolidasian. other comprehensive income. In particular,
Secara khusus, pertimbangan manajemen judgment by the management is required in the
diperlukan dalam estimasi jumlah dan waktu arus estimation of the amount and timing of future cash
kas di masa mendatang ketika menentukan flows when determining the impairment losses. In
kerugian penurunan nilai. Dalam estimasi arus kas estimating these cash flows, the Bank makes
tersebut, Bank melakukan penilaian atas kondisi judgments about the borrower’s financial condition
keuangan peminjam dan nilai realisasi neto agunan. and the net realizable value of collateral. These
Estimasi tersebut didasarkan pada asumsi dari estimates are based on assumptions from a number
sejumlah faktor dan hasil akhirnya mungkin of factors and actual results may differ, resulting in
berbeda, yang mengakibatkan perubahan di masa future changes to the amount of impairment
mendatang atas cadangan penurunan nilai. allowance.
84
722 2024 Annual Report
Page 725
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
Penurunan nilai efek hutang (Catatan 9) Impairment of debt securities (Note 9)
Bank dan entitas anak juga membentuk cadangan The Bank and subsidiaries also determine collective
kerugian penurunan nilai kolektif atas eksposur efek impairment allowance for their debt securities
hutang yang dimiliki, dimana evaluasi dilakukan portfolio, in which the evaluation are conducted for
terhadap setiap kelompok aset keuangan tersebut each the financial assets segment based on
berdasarkan data kerugian historis. historical loss experiences.
Bank dan entitas anak melakukan penelaahan atas The Bank and subsidiaries review their debt
efek utang yang diklasifikasikan sebagai diukur securities classified as fair value through other
dalam nilai wajar melalui penghasilan komprehensif comprehensive income at each consolidated
lainnya pada setiap tanggal laporan posisi statements of financial position dates to assess
keuangan konsolidasian untuk menilai apakah telah whether they are impaired. This requires similar
terjadi penurunan nilai. Penilaian tersebut judgment as applied to the individual assessment of
memerlukan pertimbangan yang sama seperti yang loans.
diterapkan pada penilaian secara individual atas
kredit yang diberikan.
Penetapan masa sewa untuk kontrak sewa dengan Determination of the lease term for lease contracts
opsi pembaruan dan penghentian (Bank sebagai with renewal and termination options (Bank as a
penyewa) (Catatan 15) lessee) (Note 15)
Bank menentukan masa sewa sebagai periode The Bank determines the lease term as the non-
sewa yang tidak dapat dibatalkan, serta periode cancellable term of the lease, together with any
yang dicakup oleh opsi untuk memperpanjang periods covered by an option to extend the lease if
sewa, jika penyewa cukup pasti untuk it is reasonably certain to be exercised, or any
mengeksekusi opsi tersebut, dan periode yang periods covered by an option to terminate the lease,
dicakup oleh opsi untuk menghentikan sewa, jika if it is reasonably certain not to be exercised.
penyewa cukup pasti untuk tidak mengeksekusi
opsi tersebut.
Aset pajak tangguhan (Catatan 24c) Deferred tax assets (Note 24c)
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognized for over the
penghasilan terpulihkan (recoverable) pada periode future recoverable taxable income arising from
mendatang sebagai akibat perbedaan temporer deductible temporary difference. Management’s
yang boleh dikurangkan. Pertimbangan manajemen judgment is required to determine the amount of
diperlukan untuk menentukan jumlah aset pajak deferred tax assets that can be recognized, based
tangguhan yang dapat diakui, sesuai dengan waktu upon the likely timing on level of future taxable
yang tepat dan tingkat laba fiskal di masa profits together with future tax planning strategics.
mendatang sejalan dengan strategi rencana
perpajakan ke depan.
Provisi Perpajakan (Catatan 25) Provision for taxes (Note 25)
Bank menentukan provisi perpajakan berdasarkan The Bank provides for tax provision based on
estimasi atas kemungkinan adanya tambahan estimates whether additional taxes will be due.
beban pajak. Jika hasil akhir dari hal ini berbeda Where the final tax outcome of these matters is
dengan jumlah yang dicatat semula, maka different from the amounts that were initially
perbedaan tersebut akan berdampak terhadap laba recorded, such differences will impact the profit or
atau rugi. loss.
85
2024 Annual Report PT Bank Maybank Indonesia Tbk 723
Page 726
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES
AKUNTANSI YANG PENTING (lanjutan) AND JUDGMENTS (continued)
Pensiun (Catatan 47) Pension (Note 47)
Program-program pensiun ditentukan berdasarkan Pension plans are determined based on actuarial
perhitungan dari aktuaria. Perhitungan aktuaria valuation. The actuarial valuation involves
menggunakan asumsi-asumsi seperti tingkat assumptions such as discount rate, expected rate
diskonto, tingkat pengembalian investasi, tingkat of returns on investments, future salary increase
kenaikan gaji, tingkat kematian, tingkat rate, mortality rate, resignation rates and others.
pengunduran diri dan lain-lain.
Karena program tersebut memiliki sifat jangka Due to the long-term nature of these plans, such
panjang, maka perkiraan tersebut memiliki estimates are subject to significant uncertainty.
ketidakpastian yang signifikan.
Revaluasi atas tanah (Catatan 15) Revaluation of land (Note 15)
Bank dan entitas anak menggunakan spesialis The Bank and subsidiaries engaged an
penilai independen untuk menilai nilai wajar atas independent valuation specialist to assess fair value
tanah. Tanah dinilai berdasarkan referensi atas for revalued land. Lands were valued by reference
bukti berdasarkan pasar, menggunakan nilai yang to market-based evidence, using comparable prices
dapat diukur setelah disesuaikan dengan faktor adjusted for specific market factors such as location
pasar spesifik seperti lokasi dan kondisi dari tanah. and condition of the land.
4. KAS 4. CASH
31 Desember/December 31
2024 2023
Rupiah 1.725.877 1.444.833 Rupiah
Dolar Amerika Serikat 106.313 76.903 United States Dollar
Mata uang asing lainnya 29.680 48.294 Other foreign currencies
1.861.870 1.570.030
Pada tanggal 31 Desember 2024, saldo dalam mata As of December 31, 2024, the Rupiah balances
uang Rupiah termasuk uang pada mesin include cash in ATMs (Automatic Teller Machines)
ATM (Automatic Teller Machines) sejumlah amounting to Rp158,202 (December 31, 2023:
Rp158.202 (31 Desember 2023: Rp129.545). Rp129,545).
Kas dalam mata uang asing lainnya terdiri dari Dolar Cash in other foreign currencies are denominated
Australia, Dolar Singapura, Euro Eropa, Rupee India, in Australian Dollar, Singapore Dollar, European
Yen Jepang dan Poundsterling Inggris. Euro, Indian Rupee, Japanese Yen and Great
Britain Poundsterling.
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
86
724 2024 Annual Report
Page 727
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
31 Desember/December 31
2024 2023
Rupiah 8.745.563 6.993.021 Rupiah
Dolar Amerika Serikat 1.950.795 1.159.085 United States Dollar
10.696.358 8.152.106
Giro Wajib Minimum (GWM) Bank sesuai dengan Minimum Statutory Reserves (GWM) of the Bank in
Peraturan Bank Indonesia dan Peraturan Anggota accordance with Bank Indonesia Regulation and
Dewan Gubernur (PADG) diungkapkan pada Regulation of Member of the Board of Governors
Catatan 57. (PADG) are disclosed in Note 57.
Infomasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang currency
31 Desember/December 31
2024 2023
Rupiah Rupiah
Pihak ketiga Third parties
PT Bank Central Asia Tbk 65.291 91.079 PT Bank Central Asia Tbk
PT Bank Hibank Indonesia 50.335 - PT Bank Hibank Indonesia
PT Bank Mandiri (Persero) Tbk 38.132 20.333 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 17.520 18.308 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk 12.096 13.080 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Pan Indonesia Tbk 6.463 7.076 PT Bank Pan Indonesia Tbk
Lain-lain 656 1.470 Others
Sub jumlah - Rupiah 190.493 151.346 Sub total - Rupiah
Mata uang asing Foreign currencies
Pihak berelasi (Catatan 44) Related party (Note 44)
Malayan Banking Malayan Banking
Berhad, Kuala Lumpur 36.226 83.585 Berhad, Kuala Lumpur
Malayan Banking Malayan Banking
Berhad, Shanghai 14.848 5.466 Berhad, Shanghai
Malayan Banking Malayan Banking
Berhad, Hongkong 9.841 4.768 Berhad, Hongkong
Malayan Banking Malayan Banking
Berhad, London - 2.999 Berhad, London
60.915 96.818
87
2024 Annual Report PT Bank Maybank Indonesia Tbk 725
Page 728
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang (lanjutan) currency (continued)
31 Desember/December 31
2024 2023
Mata uang asing Foreign currencies
Pihak ketiga Third parties
JP Morgan Chase Bank, N.A., New York 1.304.015 1.104.665 JP Morgan Chase Bank, N.A., New York
Citibank, N.A., New York 264.847 74.598 Citibank, N.A., New York
Citibank, N.A., Jakarta 130.954 86.466 Citibank, N.A., Jakarta
Bank of America 108.958 44.763 Bank of America
Wachovia Bank, Carolina Utara 97.373 363.809 Wachovia Bank, North Carolina
Bank of New York, New York 72.578 16.494 Bank of New York, New York
Bank of China, Jakarta 66.676 - Bank of China, Jakarta
Standard Chartered Bank 61.357 47.712 Standard Chartered Bank
Barclays Bank Plc, London 40.321 36.040 Barclays Bank Plc, London
ANZ Banking Group Ltd., Melbourne 37.633 31.343 ANZ Banking Group Ltd., Melbourne
Development Bank of Singapore, Development Bank of Singapore,
Singapura 33.940 47.669 Singapore
Wells Fargo Bank, N.A., San Francisco 21.971 16.335 Wells Fargo Bank, N.A., San Francisco
Reserve Bank of India, Mumbai 16.840 6.090 Reserve Bank of India, Mumbai
Deutsche Bank AG, New York 14.634 13.510 Deutsche Bank AG, New York
PT Bank ICBC Indonesia 14.362 5.825 PT Bank ICBC Indonesia
Commonwealth Bank of Australia, Sydney 8.714 4.518 Commonwealth Bank of Australia, Sydney
UBS AG, Switzerland 6.759 4.402 UBS AG, Switzerland
Sumitomo Mitsui Banking Sumitomo Mitsui Banking
Corporation, Tokyo 5.596 15.550 Corporation, Tokyo
Shinkin Central Bank - 11.264 Shinkin Central Bank
Bank of Montreal - 5.242 Bank of Montreal
United Overseas Bank (UOB), United Overseas Bank (UOB),
Singapura - 4.494 Singapore
Lain-lain 13.013 5.139 Others
2.320.541 1.945.928
Sub jumlah - Mata uang asing 2.381.456 2.042.746 Sub total - Foreign currencies
Jumlah 2.571.949 2.194.092 Total
Dikurangi: Cadangan kerugian
penurunan nilai (1.108) (1.810) Less: Allowance for impairment losses
2.570.841 2.192.282
Giro pada bank lain dalam mata uang asing Current accounts with other banks in foreign
terutama terdiri dari Dolar Amerika Serikat, currencies are mainly denominated in United
Dolar Australia, Dolar Kanada, Dolar Singapura, States Dollar, Australian Dollar, Canadian Dollar,
Dolar Selandia Baru, Euro Eropa, Franc Swiss, Singapore Dollar, New Zealand Dollar, European
Poundsterling Inggris, Yen Jepang, Yuan Euro, Swiss Franc, Great Britain Poundsterling,
Tiongkok, Rupee India, Ringgit Malaysia, Riyal Japanese Yen, Chinese Yuan, Indian Rupee,
Saudi Arabia, Dolar Hong Kong, dan Baht Malaysian Ringgit, Saudi Arabian Riyal, Hong
Thailand. Kong Dollar and Thailand Baht.
88
726 2024 Annual Report
Page 729
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang (lanjutan) currency (continued)
Tidak terdapat saldo giro pada bank lain yang There were no current accounts with other banks
digunakan sebagai agunan pada tanggal which were under lien as of December 31, 2024
31 Desember 2024 dan 2023. and 2023.
Kolektabilitas Giro pada Bank Lain sesuai Collectability of Current Accounts with Other
dengan peraturan OJK diungkapkan pada Banks in accordance with OJK regulation are
Catatan 57. disclosed in Note 57.
Informasi mengenai transaksi dengan pihak Information on related parties and maturities are
berelasi dan jatuh tempo masing-masing disclosed in Notes 44 and 54.
diungkapkan pada Catatan 44 dan 54.
b. Tingkat bunga rata-rata per tahun b. The average interest rates per annum
31 Desember/December 31
2024 2023
Rupiah 0,20% 0,17% Rupiah
Mata uang asing 0,19% 0,22% Foreign currencies
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk giro pada bank lain loss allowances of current accounts with other
adalah sebagai berikut: banks is as follows:
31 Desember/December 31, 2024
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 2.177.755 - - 16.337 2.194.092 Beginning gross carrying amount
Transfer ke Stage 2 (1.619) 1.619 - - Transfer to Stage 2
Perubahan neto 178.865 (1.127) - 5.648 183.386 Net change
Aset baru 116.800 1.996 - - 118.796 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (126) - - - (126) (other than write-offs)
Selisih akibat perbedaan kurs 75.729 72 - - 75.801 Exchange rate differences
Nilai tercatat bruto akhir 2.547.404 2.560 - 21.985 2.571.949 Ending gross carrying amount
*) Tidak menerapkan PSAK 109 *) Not implement SFAS 109
89
2024 Annual Report PT Bank Maybank Indonesia Tbk 727
Page 730
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses (continued)
(lanjutan)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk giro pada bank lain loss allowances of current accounts with other
adalah sebagai berikut: (lanjutan) banks is as follows: (continued)
31 Desember/December 31, 2024
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 1.647 - - 163 1.810 allowances
Transfer ke Stage 2 (3) 3 - - - Transfer to Stage 2
Perubahan neto (984) - - 57 (927) Net change
Aset baru 81 6 - - 87 New assets originated
Selisih akibat perbedaan kurs 138 - - - 138 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 879 9 - 220 1.108 allowances
31 Desember/December 31, 2023
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 2.021.254 - - 10.067 2.031.321 Beginning gross carrying amount
Perubahan neto 170.462 - - 6.270 176.732 Net change
Aset baru 7.350 - - - 7.350 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (105) - - - (105) (other than write-offs)
Selisih akibat perbedaan kurs (21.206) - - - (21.206) Exchange rate differences
Nilai tercatat bruto akhir 2.177.755 - - 16.337 2.194.092 Ending gross carrying amount
31 Desember/December 31, 2023
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 1.436 - - 101 1.537 allowances
Perubahan neto 228 - - 62 290 Net change
Aset baru 29 - - - 29 New assets originated
Selisih akibat perbedaan kurs (46) - - - (46) Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 1.647 - - 163 1.810 allowances
*) Tidak menerapkan PSAK 109 *) Not implement SFAS 109
90
728 2024 Annual Report
Page 731
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses (continued)
(lanjutan)
Cadangan kerugian penurunan nilai dihitung Allowance for impairment losses is calculated
sesuai dengan kebijakan pada Catatan 2o. using policy which is inline with Note 2o.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN OTHER BANKS
a. Berdasarkan pihak berelasi, mata uang, a. By related parties, currency, type,
jenis, pihak lawan dan jangka waktu counterparties and contractual period
kontraktual
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain berdasarkan pihak berelasi, mata uang, banks by related parties, currency, type and
jenis dan pihak lawan dapat dirinci sebagai counterparties are as follows:
berikut:
31 Desember/December 31
2024 2023
Pihak ketiga Third parties
Rupiah Rupiah
Sertifikat deposito Certificate of deposits
PT Bank Syariah Indonesia Tbk - 200.000 PT Bank Syariah Indonesia Tbk
Mata uang asing Foreign currencies
Deposito berjangka Time deposits
Bank Indonesia 2.816.625 2.232.565 Bank Indonesia
Call money Call money
Reserve Bank of India, Mumbai 182.341 5.555 Reserve Bank of India, Mumbai
PT Bank Negara Indonesia (Persero) Tbk - 58.382 PT Bank Negara Indonesia (Persero) Tbk
182.341 63.937
Sub jumlah - Mata uang asing 2.998.966 2.296.502 Sub total - Foreign currencies
2.998.966 2.496.502
Dikurangi: Cadangan kerugian
penurunan nilai - (2.016) Less: Allowance for impairment losses
Jumlah 2.998.966 2.494.486 Total
91
2024 Annual Report PT Bank Maybank Indonesia Tbk 729
Page 732
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
a. Berdasarkan pihak berelasi, mata uang, a. By related parties, currency, type,
jenis, pihak lawan dan jangka waktu counterparties and contractual period
kontraktual (lanjutan) (continued)
Jangka waktu kontraktual penempatan pada Contractual period of placement with Bank
Bank Indonesia dan bank lain adalah sebagai Indonesia and other banks are as follows:
berikut:
31 Desember/December 31
2024 2023
Rupiah Rupiah
Sertifikat Deposito - 7 hari/days Certificate of deposits
Mata uang asing Foreign currencies
Deposito berjangka pada Bank Indonesia 2 hari/days 4 - 14 hari/days Time deposits with Bank Indonesia
Call money 2 - 14 hari/days 1 - 31 hari/days Call money
Kolektabilitas penempatan pada Bank Collectability of placement with Bank Indonesia
Indonesia dan bank lain sesuai dengan and other banks in accordance with OJK
peraturan OJK diungkapkan pada Catatan 57. regulation are disclosed in Note 57.
b. Berdasarkan sisa umur sampai dengan b. Based on remaining period until maturity:
jatuh tempo:
31 Desember/December 31
2024 2023
Rupiah Rupiah
<= 1 bulan - 200.000 <= 1 month
Mata uang asing Foreign currencies
<= 1 bulan 2.998.966 2.296.502 <= 1 month
2.998.966 2.496.502
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
c. Tingkat suku bunga rata-rata per tahun c. The average interest rates per annum
December 31/December 31
2024 2023
Rupiah Rupiah
Sertifikat deposito - 6,08% Certificate of deposits
Mata uang asing Foreign currencies
Deposito berjangka pada Bank Indonesia 5,35% 5,06% Time deposits with Bank Indonesia
Call money 6,25% 5,94% Call money
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, there were
tidak terdapat penempatan pada Bank no placements with Bank Indonesia and other
Indonesia dan bank lain yang dijaminkan. banks which are pledged.
92
730 2024 Annual Report
Page 733
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
d. Cadangan kerugian penurunan nilai d. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk penempatan pada loss allowances of placement with Bank
Bank Indonesia dan bank lain adalah sebagai Indonesia and other banks is as follows:
berikut:
31 Desember/December 31, 2024
Konvensional/Conventional Jumlah/
Stage 1 Stage 2 Stage 3 Syariah/Sharia *) Total
Nilai tercatat bruto awal 1.449.667 - - 1.046.835 2.496.502 Beginning gross carrying amount
Aset baru 2.274.691 - - 724.275 2.998.966 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (1.449.667) - - (1.046.835) (2.496.502) (other than write-offs)
Nilai tercatat bruto akhir 2.274.691 - - 724.275 2.998.966 Ending gross carrying amount
31 Desember/December 31, 2024
Konvensional/Conventional Jumlah/
Stage 1 Stage 2 Stage 3 Syariah/Sharia *) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal 16 - - 2.000 2.016 allowances
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) - - - (2.000) (2.000) (other than write-offs)
Selisih akibat perbedaan kurs (16) - - - (16) Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir - - - - - allowances
31 Desember/December 31, 2023
Konvensional/Conventional Jumlah/
Stage 1 Stage 2 Stage 3 Syariah/Sharia *) Total
Nilai tercatat bruto awal 1.729.355 - - 800.000 2.529.355 Beginning gross carrying amount
Aset baru 1.449.667 - - 1.046.835 2.496.502 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (1.729.355) - - (800.000) (2.529.355) (other than write-offs)
Nilai tercatat bruto akhir 1.449.667 - - 1.046.835 2.496.502 Ending gross carrying amount
31 Desember/December 31, 2023
Konvensional/Conventional Jumlah/
Stage 1 Stage 2 Stage 3 Syariah/Sharia *) Total
Cadangan atas kerugian kredit Beginning expected credit loss
ekspektasian awal - - - 3.000 3.000 allowances
Aset baru 16 - - 2.000 2.016 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (16) - - (3.000) (3.016) (other than write-offs)
Selisih akibat perbedaan kurs 16 - - - 16 Exchange rate differences
Cadangan atas kerugian kredit Ending expected credit loss
ekspektasian akhir 16 - - 2.000 2.016 allowances
*) Tidak menerapkan PSAK 109 *) Not implement SFAS 109
Cadangan kerugian penurunan nilai dihitung Allowance for impairment losses is calculated
sesuai dengan kebijakan pada Catatan 2o. using policy which is inline with Note 2o.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
93
2024 Annual Report PT Bank Maybank Indonesia Tbk 731
Page 734
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK YANG DIPERDAGANGKAN 8. TRADING SECURITIES
a. Berdasarkan jenis dan mata uang a. By type and currency
31 Desember/December 31
2024 2023
Pihak ketiga Third parties
Rupiah Rupiah
Surat Utang Negara 387.434 870.738 Government Promissory Notes
Sekuritas Rupiah Bank Indonesia 1.522.425 - Bank Indonesia Rupiah Securities
Surat Perbendaharaan Negara - 385.933 State Treasury Notes
1.909.859 1.256.671
Mata uang asing Foreign currency
Surat Utang Negara 31.770 41.016 Government Promissory Notes
1.941.629 1.297.687
Pada tanggal 31 Desember 2024 dan 2023 As of December 31, 2024 and 2023, there were
tidak terdapat transaksi dengan pihak berelasi. no transactions with related parties.
b. Berdasarkan golongan penerbit efek b. By issuer
31 Desember/December 31
2024 2023
Rupiah Rupiah
Government and
Pemerintah dan BUMN 1.909.859 1.256.671 state-owned enterprises
Mata uang asing Foreign currency
Government and
Pemerintah dan BUMN 31.770 41.016 state-owned enterprises
1.941.629 1.297.687
c. Berdasarkan tanggal jatuh tempo dan c. By maturity and rating of marketable
peringkat efek securities
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 tahun 1.579.556 407.578 ≤ 1 year
> 1 tahun - 5 tahun 94.274 373.577 > 1 year - 5 years
> 5 tahun - 10 tahun 131.532 98.169 > 5 years - 10 years
> 10 tahun 104.497 377.347 > 10 years
1.909.859 1.256.671
Mata uang asing Foreign currency
≤ 1 tahun 1.603 - ≤ 1 year
> 1 tahun - 5 tahun 11.634 1.689 > 1 year - 5 years
> 5 tahun - 10 tahun 856 12.987 > 5 years - 10 years
> 10 tahun 17.677 26.340 > 10 years
31.770 41.016
1.941.629 1.297.687
94
732 2024 Annual Report
Page 735
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
8. EFEK-EFEK YANG DIPERDAGANGKAN 8. TRADING SECURITIES (continued)
(lanjutan)
c. Berdasarkan tanggal jatuh tempo dan c. By maturity and rating of marketable
peringkat efek (lanjutan) securities (continued)
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, trading
peringkat efek-efek yang diperdagangkan untuk securities’ rating for Government Promissory
Surat Utang Negara (“SUN”), Sekuritas Rupiah Notes (“SUN”), Bank Indonesia Rupiah
Bank Indonesia (“SRBI”) dan Surat Securities (“SRBI”) and State Treasury Notes
Perbendaharaan Negara (“SPN”) adalah BBB (“SPN”) were BBB (S&P) and unrated.
(S&P) dan tanpa peringkat.
d. Tingkat bunga rata-rata per tahun: d. The average interest rates per annum:
December 31/December 31
2024 2023
Rupiah 7,06% 6,93% Rupiah
Mata uang asing 3,15% 3,89% Foreign currency
9. INVESTASI KEUANGAN 9. FINANCIAL INVESTMENTS
Investasi keuangan, sebagaimana disebutkan dalam Financial investments, as stated in Note 2i, consisted
Catatan 2i, terdiri dari: of:
31 Desember/December 31
2024 2023
Efek-efek Marketable securities
Biaya perolehan yang diamortisasi 4.248.375 5.395.689 Amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain 35.708.623 25.188.492 comprehensive income
39.956.998 30.584.181
Penyertaan saham Investments in shares
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Pihak terkait (Catatan 44) 159.504 159.504 Related parties (Note 44)
Pihak ketiga 35.678 8.289 Third parties
195.182 167.793
Jumlah 40.152.180 30.751.974 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai impairment losses
- Efek-efek (1.015) (397) Marketable securities -
40.151.165 30.751.577
95
2024 Annual Report PT Bank Maybank Indonesia Tbk 733
Page 736
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
Analisis atas perubahan dalam nilai tercatat bruto dan An analysis of change in the gross carrying amount
cadangan atas kerugian kredit ekspektasian terkait and the corresponding expected credit loss
untuk efek-efek adalah sebagai berikut: allowances of marketable securities is as follows:
31 Desember/December 31, 2024
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 22.158.172 - - 8.426.009 30.584.181 Beginning gross carrying amount
Aset baru 15.090.532 - - 7.088.608 22.179.140 New assets originated
Perubahan neto (149.048) - - (16.832) (165.880) Net change
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (6.694.819) - - (6.008.690) (12.703.509) (other than write-offs)
Selisih akibat perbedaan kurs 43.196 - - 19.870 63.066 Exchange rate differences
Nilai tercatat bruto akhir 30.448.033 - - 9.508.965 39.956.998 Ending gross carrying amount
31 Desember/December 31, 2024
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Biaya perolehan diamortisasi Amortized cost
Cadangan atas kerugian kredit ekspektasian awal 397 - - - 397 Beginning expected credit loss allowance
Perubahan neto (5) - - - (5) Net change
Aset baru 1.011 - - - 1.011 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (401) - - - (401) (other than write-offs)
Selisih akibat perbedaan kurs 13 - - - 13 Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 1.015 - - - 1.015 Ending expected credit loss allowance
31 Desember/December 31, 2024
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai wajar diukur melalui pendapatan Fair value through other
komprehensif lain comprehensive income
Cadangan atas kerugian kredit ekspektasian awal 11.843 - - - 11.843 Beginning expected credit loss allowance
Perubahan neto (2.184) - - - (2.184) Net change
Aset baru 7.713 - - - 7.713 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (3.575) - - - (3.575) (other than write-offs)
Selisih akibat perbedaan kurs 14 - - - 14 Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir**) 13.811 - - - 13.811 Ending expected credit loss allowance**)
*) *)
Tidak menerapkan PSAK 109 Not implement SFAS 109
**) **)
dicatat pada penghasilan komprehensif lain recorded in other comprehensive income
96
734 2024 Annual Report
Page 737
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
Analisis atas perubahan dalam nilai tercatat bruto dan An analysis of change in the gross carrying amount
cadangan atas kerugian kredit ekspektasian terkait and the corresponding expected credit loss
untuk efek-efek adalah sebagai berikut: (lanjutan) allowances of marketable securities is as follows:
(continued)
31 Desember/December 31, 2023
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 16.683.306 298.496 4.540 11.442.976 28.429.318 Beginning gross carrying amount
Transfer ke Stage 2 294.274 (294.274) - - - Transfer to Stage 2
Aset baru 10.716.671 - - 5.745.981 16.462.652 New assets originated
Perubahan neto (211.138) - - (8.313) (219.451) Net change
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (5.313.013) (4.222) - (8.747.874) (14.065.109) (other than write-offs)
Penghapusbukuan - - (4.540) - (4.540) Write-offs
Selisih akibat perbedaan kurs (11.928) - - (6.761) (18.689) Exchange rate differences
Nilai tercatat bruto akhir 22.158.172 - - 8.426.009 30.584.181 Ending gross carrying amount
31 Desember/December 31, 2023
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Biaya perolehan diamortisasi Amortized cost
Cadangan atas kerugian kredit ekspektasian awal 4.381 10 - - 4.391 Beginning expected credit loss allowance
Aset baru 380 - - - 380 New assets originated
Perubahan neto (174) - - - (174) Net change
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (4.143) (10) - - (4.153) (other than write-offs)
Selisih akibat perbedaan kurs (47) - - - (47) Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 397 - - - 397 Ending expected credit loss allowance
31 Desember/December 31, 2023
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai wajar diukur melalui pendapatan Fair value through other
komprehensif lain comprehensive income
Cadangan atas kerugian kredit ekspektasian awal 8.584 6.413 4.540 - 19.537 Beginning expected credit loss allowance
Transfer ke Stage 2 6.413 (6.413) - Transfer to Stage 2
Perubahan neto (6.583) - - - (6.583) Net change
Aset baru 5.605 - - - 5.605 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (2.169) - - - (2.169) (other than write-offs)
Penghapusbukuan - - (4.540) - (4.540) Write-offs
Selisih akibat perbedaan kurs (7) - - - (7) Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir**) 11.843 - - - 11.843 Ending expected credit loss allowance**)
*) *)
Tidak menerapkan PSAK 109 Not implement SFAS 109
**) **)
dicatat pada penghasilan komprehensif lain recorded in other comprehensive income
97
2024 Annual Report PT Bank Maybank Indonesia Tbk 735
Page 738
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
Cadangan kerugian penurunan nilai dihitung secara Allowance for impairment losses is calculated using
individual dan sesuai dengan kualitas aset produktif individual assessment and according to earning
untuk perbankan syariah sesuai Catatan 2o. assets quality for sharia banking in Note 2o.
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai telah memadai. impairment losses is adequate.
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Perubahan kerugian yang belum direalisasi atas Movements in unrealized losses on changes in fair
perubahan nilai wajar investasi keuangan yang value of fair value through other comprehensive
diukur pada nilai wajar melalui pendapatan income financial investments - net of deferred tax
komprehensif lain - setelah pajak tangguhan dan and expected credit loss allowances:
cadangan atas kerugian kredit ekspektasian:
31 Desember/December 31
2024 2023
Saldo awal - sebelum pajak Beginning balance - before
penghasilan tangguhan (216.830) (217.898) deferred income tax
Perubahan (kerugian)/keuntungan Movement of unrealized
yang belum direalisasi selama (losses)/gains during the
periode/tahun berjalan - neto (146.680) 146.317 period/year - net
Jumlah yang ditransfer ke laba rugi Amounts transferred to profit
sehubungan dengan perubahan and loss in respect of fair value
nilai wajar investasi keuangan change of fair value through
yang diukur pada nilai wajar melalui other comprehensive income
pendapatan komprehensif lain (88.483) (145.249) financial investments
Jumlah sebelum pajak Total before deferred
penghasilan tangguhan (451.993) (216.830) income tax
Pajak penghasilan tangguhan 102.658 50.557 Deferred income tax
Saldo akhir - neto (349.335) (166.273) Ending balance - net
98
736 2024 Annual Report
Page 739
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
a. Berdasarkan jenis dan mata uang a. By type and currency
Adapun detail dari masing-masing kategori The details for each category mentioned
tersebut di atas, adalah sebagai berikut: above are as follows:
31 Desember/December 31, 2024
Nilai nominal/ Keuntungan/
Nominal value Saldo yang (kerugian) Nilai
Nilai belum yang belum tercatat/Carrying
perolehan/ diamortisasi/ direalisasi/ amount
Acquisition Unamortized Unrealized Nilai wajar/Fair
amount amount gains/(losses) value
Pihak ketiga Third parties
Rupiah Rupiah
Biaya perolehan diamortisasi Amortized cost
Surat Utang Negara 2.480.000 (7.565) - 2.472.435 Government Promissory Notes
Tagihan atas wesel ekspor 836.916 - - 836.916 Export bills receivables
Jumlah biaya perolehan diamortisasi 3.316.916 (7.565) - 3.309.351 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Surat Utang Negara 11.202.413 - (329.849) 10.872.564 Government Promissory Notes
Sekuritas Rupiah Bank Indonesia 9.855.455 - 6.334 9.861.789 Bank Indonesia Rupiah Securities
Sukuk Bank Indonesia 5.375.075 - 18.290 5.393.365 Sukuk Bank Indonesia
Obligasi korporasi 4.479.894 - (34.299) 4.445.595 Corporate bonds
Surat Berharga Syariah Negara 2.545.097 - (30.355) 2.514.742 Sovereign Sharia Securities
Jumlah nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 33.457.934 - (369.879) 33.088.055 comprehensive income
Jumlah efek-efek - Rupiah 36.774.850 (7.565) (369.879) 36.397.406 Total marketable securities - Rupiah
Mata uang asing Foreign currencies
Biaya perolehan diamortisasi Amortized cost
Tagihan atas wesel ekspor 883.421 - - 883.421 Export bills receivables
Obligasi korporasi 55.603 - - 55.603 Corporate bonds
Jumlah biaya perolehan diamortisasi 939.024 - - 939.024 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Surat Utang Negara 1.749.103 - (69.950) 1.679.153 Government Promissory Notes
Surat Berharga Syariah Negara 540.219 - (27.640) 512.579 Sovereign Sharia Securities
Obligasi korporasi 309.895 - (7.672) 302.223 Corporate bonds
Sekuritas Valas Bank Indonesia 80.353 - 7 80.360 Bank Indonesia Foreign Securities
Medium-term Notes 48.218 - (1.965) 46.253 Medium-term Notes
Jumlah nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 2.727.788 - (107.220) 2.620.568 comprehensive income
Jumlah efek-efek - Mata uang asing 3.666.812 - (107.220) 3.559.592 Total marketable securities - Foreign currencies
Jumlah 40.441.662 (7.565) (477.099) 39.956.998 Total
99
2024 Annual Report PT Bank Maybank Indonesia Tbk 737
Page 740
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
a. Berdasarkan jenis dan mata uang a. By type and currency (continued)
(lanjutan)
Adapun detail dari masing-masing kategori The details for each category mentioned
tersebut di atas, adalah sebagai berikut: above are as follows: (continued)
(lanjutan)
31 Desember/December 31, 2023
Nilai nominal/ Keuntungan/
Nominal value Saldo yang (kerugian) Nilai
Nilai belum yang belum tercatat/Carrying
perolehan/ diamortisasi/ direalisasi/ amount
Acquisition Unamortized Unrealized Nilai wajar/Fair
amount amount gains/(losses) value
Pihak ketiga Third parties
Rupiah Rupiah
Biaya perolehan diamortisasi Amortized cost
Surat Utang Negara 4.880.000 3.463 - 4.883.463 Government Promissory Notes
Tagihan atas wesel ekspor 131.620 - - 131.620 Export bills receivables
Jumlah biaya perolehan diamortisasi 5.011.620 3.463 - 5.015.083 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Surat Utang Negara 10.717.868 - (76.565) 10.641.303 Government Promissory Notes
Sukuk Bank Indonesia 3.821.213 - 4.491 3.825.704 Sukuk Bank Indonesia
Surat Berharga Syariah Negara 3.282.671 - (26.725) 3.255.946 Sovereign Sharia Securities
Obligasi korporasi 3.272.268 - (15.830) 3.256.438 Corporate bonds
Sekuritas Rupiah Bank Indonesia 1.263.877 - (3.267) 1.260.610 Bank Indonesia Rupiah Securities
Sertifikat deposito 123.524 - (249) 123.275 Negotiable Certificate Deposit
Surat Perbendaharaan Negara Syariah 81.148 - 73 81.221 State Treasury Notes Sharia
Medium-term Notes 50.000 - (433) 49.567 Medium-term Notes
Jumlah nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 22.612.569 - (118.505) 22.494.064 comprehensive income
Jumlah efek-efek - Rupiah 27.624.189 3.463 (118.505) 27.509.147 Total marketable securities - Rupiah
Mata uang asing Foreign currencies
Biaya perolehan diamortisasi Amortized cost
Tagihan atas wesel ekspor 279.073 - - 279.073 Export bills receivables
Surat Utang Negara 61.588 - - 61.588 Government Promissory Notes
Surat Berharga Syariah Negara 30.794 - - 30.794 Sovereign Sharia Securities
Obligasi korporasi 9.151 - - 9.151 Corporate bonds
Jumlah biaya perolehan diamortisasi 380.606 - - 380.606 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
Surat Utang Negara 1.113.254 - (69.122) 1.044.132 Government Promissory Notes
Surat Berharga Syariah Negara 617.435 - (31.048) 586.387 Sovereign Sharia Securities
Obligasi korporasi 569.931 - (10.676) 559.255 Corporate bonds
Sukuk Bank Indonesia 307.940 - - 307.940 Sukuk Bank Indonesia
Sekuritas Valas Bank Indonesia 153.825 - 26 153.851 Bank Indonesia Foreign Securities
Medium-term Notes 46.079 - (3.216) 42.863 Medium-term Notes
Jumlah nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 2.808.464 - (114.036) 2.694.428 comprehensive income
Jumlah efek-efek - Mata uang asing 3.189.070 - (114.036) 3.075.034 Total marketable securities - Foreign currencies
Jumlah 30.813.259 3.463 (232.541) 30.584.181 Total
Efek dalam mata uang asing adalah efek Marketable securities in foreign currency
dalam Dolar Amerika Serikat, Yuan are denominated in United States Dollar,
Tiongkok, Rupee India dan Euro Eropa. Chinese Yuan, Indian Rupee and
European Euro.
Pengungkapan lebih lanjut tentang efek- Further disclosures on marketable
efek diungkapkan pada Catatan 57. securities are presented in Note 57.
100
738 2024 Annual Report
Page 741
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
b. Berdasarkan golongan penerbit efek b. By issuer
31 Desember/December 31, 2024
Nilai tercatat/
Carrying Nilai wajar/
amount Fair value
Nilai wajar melalui
penghasilan
Biaya perolehan komprehensif lain/
diamortisasi/ Fair value through
Amortized other comprehensive Jumlah/
cost income Total
Rupiah Rupiah
Government and state-owned
Pemerintah dan BUMN 2.472.435 30.369.729 32.842.164 enterprises
Bank 836.916 749.976 1.586.892 Banks
Lainnya - 1.968.350 1.968.350 Others
3.309.351 33.088.055 36.397.406
Mata uang asing Foreign currencies
Government and state-owned
Pemerintah dan BUMN - 1.815.321 1.815.321 enterprises
Bank 883.421 - 883.421 Banks
Lainnya 55.603 805.247 860.850 Others
939.024 2.620.568 3.559.592
4.248.375 35.708.623 39.956.998
31 Desember/December 31, 2023
Nilai tercatat/
Carrying Nilai wajar/
amount Fair value
Nilai wajar melalui
penghasilan
Biaya perolehan komprehensif lain/
diamortisasi/ Fair value through
Amortized other comprehensive Jumlah/
cost income Total
Rupiah Rupiah
Government and state-owned
Pemerintah dan BUMN 4.883.463 20.232.119 25.115.582 enterprises
Bank 131.620 276.946 408.566 Banks
Lainnya - 1.984.999 1.984.999 Others
5.015.083 22.494.064 27.509.147
Mata uang asing Foreign currencies
Government and state-owned
Pemerintah dan BUMN 92.382 2.210.206 2.302.588 enterprises
Bank 279.073 318.314 597.387 Banks
Lainnya 9.151 165.908 175.059 Others
380.606 2.694.428 3.075.034
5.395.689 25.188.492 30.584.181
101
2024 Annual Report PT Bank Maybank Indonesia Tbk 739
Page 742
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
c. Berdasarkan peringkat efek c. By rating of marketable securities
Nilai tercatat/Carrying amount/
Nilai wajar/Fair value
Lembaga
31 Desember/December 31
pemeringkat/
Peringkat Rating company 2024 2023 Rating
Rupiah Rupiah
Biaya perolehan diamortisasi Amortized cost
Tanpa peringkat 3.309.351 *) 5.015.083 *) Non-rated
Jumlah biaya perolehan diamortisasi 3.309.351 5.015.083 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
idAAA Pefindo 2.585.601 1.379.277 idAAA
AA+ Fitch 946.331 359.608 AA+
AAA Fitch 694.973 1.311.145 AAA
idA- Pefindo 98.201 190.453 idA-
idAA- Pefindo 70.622 71.383 idAA-
idA+ Pefindo 49.867 117.415 idA+
Tanpa peringkat 28.642.460 **) 19.064.783 ****) Non-rated
Total nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 33.088.055 22.494.064 comprehensive income
Sub jumlah - Rupiah 36.397.406 27.509.147 Sub total - Rupiah
Mata uang asing Foreign currencies
Biaya perolehan diamortisasi Amortized cost
Baa3 Moody’s 55.603 9.151 Baa3
BBB S&P - 92.382 BBB
Tanpa peringkat 883.421 ***) 279.073 ***) Non-rated
Jumlah biaya perolehan diamortisasi 939.024 380.606 Total amortized cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain comprehensive income
BBB S&P 1.815.322 2.168.750 BBB
BB+ S&P 639.192 318.314 BB+
Baa3 Moody’s 166.054 127.215 Baa3
BBB Fitch - 80.149 BBB
Total nilai wajar melalui penghasilan Total fair value through other
komprehensif lain 2.620.568 2.694.428 comprehensive income
Sub jumlah - Mata uang asing 3.559.592 3.075.034 Sub total - Foreign currencies
39.956.998 30.584.181
*) Terdiri dari Surat Utang Negara (“SUN”) dan *) Consists of Government Promissory Notes (“SUN”)
tagihan atas wesel ekspor and export bills receivables
**) Terdiri dari Surat Utang Negara (“SUN”), Surat **) Consists of Government Promissory Notes (“SUN”),
Berharga Syariah Negara (“SBSN”) dan Sovereign Sharia Securities (“SBSN”) and Bank
Sekuritas Rupiah Bank Indonesia (“SRBI”) Indonesia Rupiah Securities (“SRBI”)
***) Terdiri dari tagihan atas wesel ekspor ***) Consists of export bills receivables
****) Terdiri dari Surat Utang Negara (“SUN”), Surat ****) Consists of Government Promissory Notes (“SUN”),
Berharga Syariah Negara (“SBSN”), Sekuritas Sovereign Sharia Securities (“SBSN”), Bank
Rupiah Bank Indonesia (“SRBI”), Surat Indonesia Rupiah Securities (“SRBI”), State Treasury
Perbendaharaan Negara Syariah (“SPNS”) dan Notes Sharia (“SPNS”) and Sukuk Bank Indonesia
Sukuk Bank Indonesia (“SBI”) (“SBI”)
102
740 2024 Annual Report
Page 743
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
d. Berdasarkan tanggal jatuh tempo d. By maturity
Tabel-tabel berikut ini menunjukan The following tables show the consolidated
pengelompokan berdasarkan tanggal jatuh marketable securities classified based on
tempo dan tujuan investasi dari efek-efek maturity and investment purpose:
konsolidasian:
(i) Biaya yang diamortisasi (i) Amortized cost
31 Desember/December 31
2024 2023
Nilai tercatat/ Nilai tercatat/
06080000_01 Carrying amount Carrying amount
06080000_01
Rupiah Rupiah
< = 1 tahun 1.728.332 2.552.880 < = 1 year
> 1 tahun - 5 tahun 1.581.019 2.462.203 > 1 year - 5 years
3.309.351 5.015.083
Mata uang asing Foreign currencies
< = 1 tahun 929.702 371.455 < = 1 year
> 1 tahun - 5 tahun 9.322 9.151 > 1 year - 5 years
939.024 380.606
4.248.375 5.395.689
(ii) Nilai wajar melalui penghasilan (ii) Fair value through other
komprehensif lain comprehensive income
31 Desember/December 31
2024 2023
Nilai wajar/ Nilai wajar/
06080000_01 Fair value Fair value
Rupiah Rupiah
< = 1 tahun 17.089.831 8.646.519 < = 1 year
> 1 tahun - 5 tahun 7.866.627 5.476.204 > 1 year - 5 years
> 5 tahun - 10 tahun 4.246.855 3.254.968 > 5 years - 10 years
> 10 tahun 3.884.742 5.116.373 > 10 years
33.088.055 22.494.064
Mata uang asing Foreign currencies
< = 1 tahun 750.328 1.059.295 < = 1 year
> 1 tahun - 5 tahun 1.104.919 1.265.536 > 1 year - 5 years
> 5 tahun - 10 tahun 733.512 369.597 > 5 years - 10 years
> 10 tahun 31.809 - > 10 years
2.620.568 2.694.428
35.708.623 25.188.492
103
2024 Annual Report PT Bank Maybank Indonesia Tbk 741
Page 744
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
I. Efek-efek (lanjutan) I. Marketable securities (continued)
e. Tingkat bunga rata-rata per tahun: e. The average interest rates per annum:
06080000_03 December 31/December 31
2024 2023
Rupiah 7,09% 7,01% Rupiah
Mata uang asing 4,64% 3,49% Foreign currency
II. Penyertaan saham II. Investments in shares
Jenis
usaha/
Nature of 31 Desember/December 31
business 2024 2023
Pihak berelasi (Catatan 44) Related party (Note 44)
PT Maybank Sekuritas Indonesia Sekuritas/Securities 159.504 159.504 PT Maybank Sekuritas Indonesia
Persentase kepemilikan - 15% Percentage of ownership - 15%
(31 Desember 2023: 15%) (December 31, 2023: 15%)
Pihak ketiga Third parties
PT Kliring Penjamin Efek Indonesia Sekuritas/Securities 27.138 - PT Kliring Penjamin Efek Indonesia
Persentase kepemilikan - 1,11% Percentage of ownership - 1.11%
PT Bank Capital Indonesia Tbk Usaha Perbankan/Banking 1.662 1.675 PT Bank Capital Indonesia Tbk
Persentase kepemilikan - 0,18% Percentage of ownership - 0.18%
(31 Desember 2023: 0,18%) (December 31, 2023: 0.18%)
Lain-lain 6.878 6.614 Others
195.182 167.793
Berdasarkan Akta Pemindahan Hak Atas Based on Deed of Transfer Right of Shares
Saham No. 16 tanggal 12 Januari 2018 dari No. 16 dated January 12, 2018 of Notary Jose
Notaris Jose Dima Satria, S.H., M.Kn., MIF Dima Satria, S.H., M.Kn., MIF purchased
membeli saham PT Maybank Sekuritas PT Buana Adhiutama’s shares of PT Maybank
Indonesia milik PT Buana Adhiutama sebanyak Sekuritas Indonesia of 7,500,000 shares
7.500.000 lembar saham (dalam nilai penuh) (in full amount) with total nominal amount
dengan nilai nominal seluruhnya sebesar Rp7,500 which represents 15% of ownership of
Rp7.500 yang mewakili 15% kepemilikan atas issued and fully paid capital of PT Maybank
modal yang ditempatkan dan disetor penuh Sekuritas Indonesia with total purchase price
pada PT Maybank Sekuritas Indonesia dengan amounted to Rp107,004. This purchase of
harga pembelian sebesar shares has been stated in the Declaration of
Rp107.004. Pembelian saham ini juga telah Shareholders Resolution of PT Maybank
dinyatakan dalam Pernyataan Keputusan Sekuritas Indonesia which has been notarized
Pemegang Saham PT Maybank Sekuritas by Deed No. 15 dated January 12, 2018 of
Indonesia yang telah diaktakan dengan Akta Notary Jose Dima Satria, S.H., M.Kn and have
Notaris No. 15 tanggal 12 Januari 2018 dari been acknowledged and registered by the
Notaris Jose Dima Satria, S.H., M.Kn. dan telah Ministry of Laws and Human Rights of the
dicatat dan diterima oleh Menteri Hukum dan Republic of Indonesia No. AHU-AH.01.03-
Hak Asasi Manusia Republik Indonesia melalui 0016804 dated January 15, 2018.
suratnya No. AHU-AH.01.03-0016804 tanggal
15 Januari 2018.
104
742 2024 Annual Report
Page 745
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
II. Penyertaan saham (lanjutan) II. Investments in shares (continued)
Berdasarkan keputusan Pemegang Saham, UU Based on Shareholders decision Act No.125
No. 125 Tanggal 19 November 2018 dari dated November 19, 2018 notarized by Jose
Notaris Jose Dima Satria, S.H., M.Kn., MIF Dima Satria, S.H., M.Kn., MIF purchased
membeli tambahan 52.500.000 lembar saham additional 52,500,000 shares amounted to
senilai Rp52.500 untuk mempertahankan 15% Rp52,500 in order to maintain 15% ownership
kepemilikan PT Maybank Sekuritas Indonesia. of PT Maybank Sekuritas Indonesia.
Berdasarkan persetujuan dari Otoritas Jasa Based on approval from the Financial Services
Keuangan (OJK) yang diberikan kepada Bank Authority (OJK) given to the Company through
melalui Surat OJK No. S-248/PB.32/2024 OJK Letter No. S-248/PB.32/2024 dated 23
tanggal 23 Juli 2024 perihal Penyertaan Modal July 2024 concerning Bank's Capital
Bank Saudara pada CCP untuk Transaksi Investment in CCP for Over-the-Counter
Derivatif Suku Bunga dan Nilai Tukar Over-the- Interest Rate and Exchange Rate Derivative
Counter. Transactions.
Pada tanggal 12 Agustus 2024, Bank bersama On August 12 2024, Bank together with Bank
dengan Bank Indonesia, PT Bursa Efek Indonesia, PT Bursa Efek Indonesia, PT Kliring
Indonesia, PT Kliring Penjaminan Efek Penjaminan Efek Indonesia (KPEI) and 7
Indonesia (KPEI) dan 7 (tujuh) bank lainnya (seven) other banks have signed an Inter-
telah melakukan penandatanganan Perjanjian Shareholder Agreement (PAPS) concerning
Antar Pemegang Saham (PAPS) tentang Kerja Cooperation in the Establishment and
Sama Pembentukan dan Pengembangan Development of a Central Counterparty (CCP)
Central Counterparty (CCP) di Pasar Uang dan in the Money Market and Foreign Exchange
Pasar Valuta Asing. Market.
Penandatanganan PAPS ini merupakan tindak The signing of this PAPS is a follow-up to the
lanjut dari Nota Kesepahaman yang telah Memorandum of Understanding which was
ditandatangani oleh 11 (sebelas) entitas yang signed by the same 11 (eleven) entities on
sama pada tanggal 18 Maret 2024 dan sebagai March 18, 2024 and in fulfillment of the
pemenuhan amanat Undang-Undang No. 4 mandate of Law no. 4 of 2023 concerning
tahun 2023 tentang Pengembangan dan Development and Strengthening of the
Penguatan Sektor Keuangan (UU PPSK) untuk Financial Sector (UU PPSK) to develop CCP as
mengembangkan CCP sebagai infrastruktur Financial Market infrastructure in Indonesia so
Pasar Keuangan di Indonesia agar dapat that it can contribute to domestic economic
berkontribusi bagi pertumbuhan ekonomi growth and compete in the region.
domestik dan berkompetisi di regional.
Sehubungan dengan target operasional Central In connection with the operational target of the
Counterparty (CCP) di Pasar Uang dan Pasar Central Counterparty (CCP) in the Money
Valuta Asing pada tanggal 25 September 2024 Market and Foreign Exchange Market on 25
dan merujuk Perjanjian Antar Pemegang September, 2024 and referring to the
Saham yang ditandatangani pada tanggal 12 Shareholder Agreement signed on 12 August
Agustus 2024. PT Bank Maybank Indonesia 2024. PT Bank Maybank Indonesia Tbk has
Tbk telah mengambil bagian seri saham B taken part in series B shares for the CCP
untuk lini usaha CCP pada KPEI sejumlah business line to KPEI in the amount of 2,500
2.500 (dua ribu lima ratus) lembar saham atau (two thousand five hundred) shares or worth
senilai Rp20.000. Rp20,000.
105
2024 Annual Report PT Bank Maybank Indonesia Tbk 743
Page 746
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
9. INVESTASI KEUANGAN (lanjutan) 9. FINANCIAL INVESTMENTS (continued)
II. Penyertaan saham (lanjutan) II. Investments in shares (continued)
Penyertaan lainnya merupakan penyertaan Other investments represent long-term
saham di berbagai perusahaan yang sifatnya investments. These companies are
jangka panjang. Perusahaan-perusahaan PT Aplikanusa Lintas Arta, PT Sarana Sulsel
tersebut adalah PT Aplikanusa Lintas Arta, Ventura, PT Sarana Bali Ventura, PT Sarana
PT Sarana Sulsel Ventura, PT Sarana Bali Sumatera Barat Ventura, PT Sarana Lampung
Ventura, PT Sarana Sumatera Barat Ventura, Ventura, PT Sarana Jambi Ventura, PT Sarana
PT Sarana Lampung Ventura, PT Sarana Kalbar Ventura, PT Sarana Sulut Ventura, PT
Jambi Ventura, PT Sarana Kalbar Ventura, Bhakti Sarana Ventura, PT Penjamin Kredit
PT Sarana Sulut Ventura, PT Bhakti Sarana Pengusaha Indonesia, PT Sarana Riau
Ventura, PT Penjamin Kredit Pengusaha Ventura, PT Sarana Sumut Ventura and
Indonesia, PT Sarana Riau Ventura, PT Berlian Laju Tanker Tbk which was the
PT Sarana Sumut Ventura dan PT Berlian Laju result of conversion of bonds into shares in
Tanker Tbk yang merupakan hasil dari 2017.
konversi obligasi menjadi saham di 2017.
Pada bulan September 2023, Bank telah In September 2023, Bank write-offs its
menghapusbukukan saldo penyertaan di investment in shares of PT Berlian Laju Tanker
PT Berlian Laju Tanker sebesar Rp3.594. amounted to Rp3,594.
Kolektabilitas penyertaan saham sesuai Collectability of investments in shares in
dengan peraturan OJK diungkapkan pada accordance with OJK regulation are disclosed
Catatan 57. in Note 57.
106
744 2024 Annual Report
Page 747
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER RESALE
DIJUAL KEMBALI AGREEMENTS
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang currency
31 Desember/December 31, 2024
Pendapatan
Nilai Nilai bunga yang
suku bunga penjualan belum
Nilai nominal/ Tanggal Tanggal per tahun/ Nilai beli/ kembali/ diamortisasi/ Nilai tercatat/
Nasabah/ Jenis efek-efek/ Nominal dimulai/ jatuh tempo/ Interest rate Purchase Resale Unamortized Carrying
Counterparty Type of securities amount Starting date Due date per annum amount amount interest value
Pihak ketiga/
Third parties
Rupiah/
Rupiah
Sekuritas Rupiah Bank Indonesia/ 30 Desember/ 13 Januari/
PT Bank BNP Paribas Indonesia Bank Indonesia Rupiah Securities 200.000 30 December, 2024 January 13, 2025 ϲ͕ϰϱй 188.505 188.977 (405) 188.572
Sekuritas Rupiah Bank Indonesia/ 30 Desember/ 6 Januari/
PT Bank BNP Paribas Indonesia Bank Indonesia Rupiah Securities 200.000 30 December, 2024 January 6, 2025 ϲ͕ϯϱй 198.683 198.929 (175) 198.754
Sekuritas Rupiah Bank Indonesia/ 19 Desember/ 2 Januari/
PT Bank National Nobu, Tbk Bank Indonesia Rupiah Securities 250.000 19 December, 2024 January 2, 2025 ϲ͕ϰϱй 242.008 242.615 (43) 242.572
Sekuritas Rupiah Bank Indonesia/ 30 Desember/ 13 Januari/
PT Bank National Nobu, Tbk Bank Indonesia Rupiah Securities 200.000 30 December, 2024 January 13, 2025 6,45% 199.056 199.555 (429) 199.126
Sub-jumlah/Sub-total- Rupiah 850.000 828.252 830.076 (1.052) 829.024
Mata uang asing/
Foreign currencies
Sekuritas Rupiah Negara/ 31 Desember/ 1 Januari/
Reserve Bank of India Sovereign Securities 9.399 31 December, 2024 January 1, 2025 6,66% 9.399 9.399 - 9.399
Jumlah/Total 859.399 837.651 839.475 (1.052) 838.423
Dikurangi: Cadangan kerugian
penurunan nilai/
Less: Allowance for impairment losses (147)
838.276
107
2024 Annual Report PT Bank Maybank Indonesia Tbk 745
Page 748
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER RESALE
DIJUAL KEMBALI AGREEMENTS
a. Berdasarkan pihak berelasi, pihak lawan a. By related parties, counterparties and
dan mata uang (lanjutan) currency (currency)
31 Desember/December 31, 2023
Pendapatan
Nilai Nilai bunga yang
suku bunga penjualan belum
Nilai nominal/ Tanggal Tanggal per tahun/ Nilai beli/ kembali/ diamortisasi/ Nilai tercatat/
Nasabah/ Jenis efek-efek/ Nominal dimulai/ jatuh tempo/ Interest rate Purchase Resale Unamortized Carrying
Counterparty Type of securities amount Starting date Due date per annum amount amount interest value
Pihak ketiga/
Third parties
Rupiah/
Rupiah
Obligasi Pemerintah VR65/ 13 Januari/ 12 Januari/
Bank Indonesia Government Bonds VR65 449.002 January 13, 2023 January 12, 2024 ϲ͕ϲϳй 417.233 445.372 (1.005) 444.367
Obligasi Pemerintah VR94/ 13 Januari/ 12 Januari/
Bank Indonesia Government Bonds VR94 50.998 January 13, 2023 January 12, 2024 ϲ͕ϲϳй 47.272 50.460 (114) 50.346
Obligasi Pemerintah VR68/ 20 Januari/ 19 Januari/
Bank Indonesia Government Bonds VR68 200.000 January 20, 2023 January 19, 2024 ϲ͕ϲϳй 186.567 199.150 (692) 198.458
Obligasi Pemerintah VR68/ 20 Januari/ 19 Januari/
Bank Indonesia Government Bonds VR68 200.000 January 20, 2023 January 19, 2024 ϲ͕ϲϴй 186.567 199.168 (692) 198.476
Obligasi Pemerintah VR70/ 27 Januari/ 26 Januari/
Bank Indonesia Government Bonds VR70 200.000 January 27, 2023 January 26, 2024 ϲ͕ϲϵй 190.809 203.716 (957) 202.759
Obligasi Pemerintah VR70/ 27 Januari/ 26 Januari/
Bank Indonesia Government Bonds VR70 100.000 January 27, 2023 January 26, 2024 ϲ͕ϳϬй 95.405 101.868 (480) 101.388
Obligasi Pemerintah FR70/ 4 Oktober/ 4 Januari/
PT Bank MNC Internasional Tbk Government Bonds FR70 150.000 October 4, 2023 January 4, 2024 ϲ͕ϱϱй 136.367 138.649 (124) 138.525
Obligasi Pemerintah FR77/ 4 Oktober/ 4 Januari/
PT Bank MNC Internasional Tbk Government Bonds FR77 50.000 October 4, 2023 January 4, 2024 ϲ͕ϱϱй 45.539 46.301 (41) 46.260
Obligasi Pemerintah VR42/ 29 Desember/ 5 Januari/
Bank Indonesia Government Bonds VR42 1.000.000 December 29, 2023 January 5, 2024 ϲ͕ϬϬй 948.959 950.066 (949) 949.117
Sub-jumlah/Sub-total - Rupiah 2.400.000 2.254.718 2.334.750 (5.054) 2.329.696
Mata uang asing/
Foreign currencies
Surat Berharga Negara/ 29 Desember/ 1 Januari/
Reserve Bank of India Sovereign Securities 3.426 December 29, 2023 January 1, 2024 6,75% 3.426 3.426 - 3.426
Jumlah/Total 2.403.426 2.258.144 2.338.176 (5.054) 2.333.122
Dikurangi: Cadangan kerugian
penurunan nilai/
Less: Allowance for impairment losses (50)
2.333.072
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in Note 54.
pada Catatan 54.
108
746 2024 Annual Report
Page 749
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI 10. SECURITIES PURCHASED UNDER RESALE
DIJUAL KEMBALI (lanjutan) AGREEMENTS (continued)
b. Cadangan kerugian penurunan nilai b. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian amount and the corresponding expected credit
ekspektasian terkait untuk efek-efek yang dibeli loss allowances of securities purchased under
dengan janji dijual kembali adalah sebagai resale agreements is as follows:
berikut:
31 Desember/December 31, 2024
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal 2.333.122 - - 2.333.122 Beginning gross carrying amount
Aset baru 838.423 - - 838.423 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (2.333.122) - - (2.333.122) (other than write-offs)
Nilai tercatat bruto akhir 838.423 - - 838.423 Ending gross carrying amount
31 Desember/December 31, 2024
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Cadangan atas kerugian kredit ekspektasian awal 50 - - 50 Beginning expected credit loss allowance
Aset baru 147 - - 147 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (50) - - (50) (other than write-offs)
Cadangan atas kerugian kredit ekspektasian akhir 147 - - 147 Ending expected credit loss allowance
31 Desember/December 31 , 2023
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal 1.538.292 - - 1.538.292 Beginning gross carrying amount
Aset baru 2.333.122 - - 2.333.122 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (1.538.292) - - (1.538.292) (other than write-offs)
Nilai tercatat bruto akhir 2.333.122 - - 2.333.122 Ending gross carrying amount
31 Desember/December 31 , 2023
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Cadangan atas kerugian kredit ekspektasian awal 1.076 - - 1.076 Beginning expected credit loss allowance
Aset baru 50 - - 50 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (1.075) - - (1.075) (other than write-offs)
Selisih akibat perbedaan kurs (1) - - (1) Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 50 - - 50 Ending expected credit loss allowance
Cadangan kerugian penurunan niai dihitung Allowance for impairment losses is calculated
sesuai dengan kebijakan pada Catatan 2o. using policy which is in line with Note 2o.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
109
2024 Annual Report PT Bank Maybank Indonesia Tbk 747
Page 750
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF 11. DERIVATIVES RECEIVABLE AND PAYABLE
Derivatif pada saat permulaan seringkali hanya Derivatives often involve at their inception only a
melibatkan pertukaran janji yang saling mutual exchange of promises with little or no
menguntungkan dengan sedikit atau tanpa transfer considerations. However, these
investasi. Namun demikian, instrumen-instrumen ini instruments frequently involve a high degree of
seringkali melibatkan tingkat leverage yang tinggi leverage and are very volatile. A relatively small
dan sangat fluktuatif. Pergerakan yang relatif kecil movement in the value of the asset, rate or indexes
dari nilai aset, tingkat atau indeks sebagai dasar underlying a derivative contract may have a
sebuah kontrak derivatif dapat memiliki pengaruh significant impact on the profit or loss of the Bank.
yang signifikan terhadap laba atau rugi Bank.
Mayoritas perdagangan derivatif Bank yang terkait Most of the Bank's derivative trading activities relate
dengan deals dengan nasabah biasanya saling to deals with customers which are normally offset
hapus dengan transaksi dengan rekanan lain untuk by transactions with other counterparties in order to
meng-offset risiko pasar. Bank juga dapat offset the market risk. The Bank may also take
mengambil posisi dengan ekspektasi untuk positions with the expectation of profiting from
mendapat laba dari pergerakan yang favourable movements in prices, interest rates or
menguntungkan pada harga, suku bunga maupun indexes.
indeks.
Derivatif di luar pasar (over-the-counter) dapat Over-the-counter derivatives may expose the Bank
menimbulkan risiko-risiko kepada Bank yang to the risks associated with the absence of an
berhubungan dengan ketiadaan pasar terbuka exchange market on which to close out an open
untuk menutup posisi terbuka Bank. position.
a. Berdasarkan jenis, mata uang dan pihak a. By type, currency and related party
berelasi
Tabel di bawah ini memperlihatkan nilai wajar The tables below show the fair values of
dari instrumen derivatif, yang disajikan sebagai derivative financial instruments, recorded as
aset atau liabilitas, beserta jumlah nosionalnya. assets or liabilities, together with their notional
Jumlah nosional tersebut, yang disajikan secara amounts. The notional amount, recorded at
gross, adalah nilai dari underlying aset derivatif, gross, is the amount of a derivative's underlying
tingkat rasio referensi atau indeks yang asset, reference ratio rate or indices and is the
merupakan basis dimana perubahan di dalam basis upon which changes in the value of
nilai derivatif diukur. Jumlah nosional derivatives are measured. The notional amounts
mengindikasikan jumlah transaksi yang belum indicate the volume of transactions outstanding
jatuh tempo di akhir tahun dan tidak at the end of year and indicative of neither the
mengindikasikan risiko kredit maupun pasar. market risk nor the credit risk.
110
748 2024 Annual Report
Page 751
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
a. Berdasarkan jenis, mata uang dan pihak a. By type, currency and related party
berelasi (lanjutan) (continued)
31 Desember/December 31, 2024
Nilai nosional
(kontrak)
(ekuivalen
dengan Rp)/
Notional
amount Tagihan Liabilitas
(contract) derivatif/ derivatif/
(equivalent Derivatives Derivatives
to Rp) receivable payable
Terkait dengan kontrak Related to exchange rate
nilai tukar contracts
Pihak berelasi (Catatan 44) Related parties (Note 44)
Forward Forward
Rupiah 2.621.335 62.262 30.030 Rupiah
Swap Swap
Rupiah 3.760.581 35.425 22.580 Rupiah
Option Option
Dolar Amerika Serikat 643.800 68 1.293 United States Dollar
Mata uang asing lainnya 11.845 7 - Other foreign currencies
Lainnya*) Others*)
Dolar Amerika Serikat 402.375 27.279 - United States Dollar
Mata uang asing lainnya 453.332 50.508 - Other foreign currencies
7.893.268 175.549 53.903
Pihak ketiga Third parties
Forward Forward
Rupiah 4.684.301 52.080 16.530 Rupiah
Swap Swap
Rupiah 34.304.925 223.749 367.125 Rupiah
Mata uang asing lainnya 56.333 834 153 Other foreign currencies
Option Option
Dolar Amerika Serikat 643.800 1.293 68 United States Dollar
Mata uang asing lainnya 11.845 - 7 Other foreign currencies
Lainnya*) Others*)
Rupiah 1.709.800 4.013 50.694 Rupiah
Dolar Amerika Serikat 402.375 - 27.280 United States Dollar
Mata uang asing lainnya 453.332 - 50.508 Other foreign currencies
42.266.711 281.969 512.365
Terkait dengan suku bunga Related to interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Dolar Amerika Serikat 3.911.085 150 41.236 United States Dollar
Pihak ketiga Third parties
Swap Swap
Dolar Amerika Serikat 2.414.250 35.180 - United States Dollar
Terkait dengan kontrak Related to exchange rate
nilai tukar dan suku bunga contracts and interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Rupiah 21.214.654 270.923 413.283 Rupiah
Pihak ketiga Third parties
Swap Swap
Rupiah 25.670.164 617.660 335.634 Rupiah
Jumlah 103.370.132 1.381.431 1.356.421 Total
*) *)
Terdiri dari Dual Currency Investment (DCI) dan Swap Investment (SWI) This consists of Dual Currency Investment (DCI) and Swap Investment
(SWI)
111
2024 Annual Report PT Bank Maybank Indonesia Tbk 749
Page 752
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
a. Berdasarkan jenis, mata uang dan pihak a. By type, currency and related party
berelasi (lanjutan) (continued)
31 Desember/December 31, 2023
Nilai nosional
(kontrak)
(ekuivalen
dengan Rp)/
Notional
amount Tagihan Liabilitas
(contract) derivatif/ derivatif/
(equivalent Derivatives Derivatives
to Rp) receivable payable
Terkait dengan kontrak Related to exchange rate
nilai tukar contracts
Pihak berelasi (Catatan 44) Related parties (Note 44)
Forward Forward
Rupiah 1.547.399 30.509 111.942 Rupiah
Swap Swap
Rupiah 5.325.658 60.429 - Rupiah
Option Option
Dolar Amerika Serikat 923.820 29.813 411 United States Dollar
Mata uang asing lainnya 16.618 - 108 Other foreign currencies
7.813.495 120.751 112.461
Pihak ketiga Third parties
Forward Forward
Rupiah 2.521.697 19.919 13.483 Rupiah
Swap Swap
Rupiah 46.699.254 422.799 401.300 Rupiah
Mata uang asing lainnya 56.969 - 167 Other foreign currencies
Option Option
Dolar Amerika Serikat 923.820 410 29.812 United States Dollar
Lainnya*) Others*)
Rupiah 3.486.189 89.549 11.248 Rupiah
Mata uang asing lainnya 16.618 108 - Other foreign currencies
53.704.547 532.785 456.010
Terkait dengan suku bunga Related to interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Dolar Amerika Serikat 2.971.621 42.252 10.278 United States Dollar
Pihak ketiga Third parties
Swap Swap
Dolar Amerika Serikat 1.462.715 - 30.389 United States Dollar
Terkait dengan kontrak Related to exchange rate
nilai tukar dan suku bunga contracts and interest rate
Pihak berelasi (Catatan 44) Related parties (Note 44)
Swap Swap
Rupiah 9.688.000 110.657 129.974 Rupiah
Pihak ketiga Third parties
Swap Swap
Rupiah 13.222.249 174.546 224.029 Rupiah
Jumlah 88.862.627 980.991 963.141 Total
*) *)
Terdiri dari Dual Currency Investment (DCI) dan Swap Investment (SWI) This consists of Dual Currency Investment (DCI) and Swap Investment
(SWI)
Informasi mengenai transaksi dengan pihak Information on related parties and maturities
berelasi dan jatuh tempo diungkapkan masing- are disclosed in Note 44 and 54, respectively.
masing pada Catatan 44 dan 54.
Kolektabilitas Tagihan Derivatif sesuai dengan Collectability of Derivatives Receivable in
peraturan OJK diungkapkan pada Catatan 57. accordance with OJK regulation are disclosed
in Note 57.
112
750 2024 Annual Report
Page 753
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
b. Berdasarkan jatuh tempo b. By maturity
Bank memiliki transaksi kontrak valuta The Bank has outstanding cross currency swap
berjangka pertukaran mata uang asing dan and interest rate swap transaction with several
suku bunga dengan beberapa bank asing dan foreign banks and debtors for liquidity
debitur untuk pengelolaan likuiditas dan management and to cover the interest rate
menghadapi risiko perubahan suku bunga atas fluctuation as part of asset and liabilities
aset dan liabilitas Bank. Berdasarkan perjanjian management of the Bank. Based on the
ini, Bank wajib membayar pokok pinjaman agreement, the Bank should pay principal and
beserta bunga dengan suku bunga variable or fixed interest rate. The interest is
mengambang atau tetap. Bunga dibayarkan paid in Rupiah and USD currencies on
dalam mata uang Rupiah dan USD setiap enam a semester, quarterly and monthly basis until
bulan, tiga bulan dan satu bulan sampai dengan maturity date. As of December 31, 2024 and
tanggal jatuh tempo. Per tanggal 2023, the cross currency and interest rate swap
31 Desember 2024 dan 2023 transaksi kontrak transactions will mature from January 18, 2025
valuta berjangka pertukaran mata uang asing until December 23, 2031 and February 24, 2024
dan suku bunga tersebut masing-masing akan until July 7, 2030, respectively.
jatuh tempo dari tanggal 18 Januari 2025
sampai dengan 23 Desember 2031 dan tanggal
24 Februari 2024 sampai dengan 7 Juli 2030.
Bank memiliki transaksi kontrak pertukaran The Bank has outstanding interest rate swap
suku bunga dengan beberapa bank asing transaction with several foreign banks for
tertentu untuk pengelolaan risiko perubahan liquidity management and to cover the interest
suku bunga atas aset dan liabilitas Bank. rate fluctuation as part of asset and liabilities
Berdasarkan perjanjian ini, Bank wajib management of the Bank. Based on the
membayar bunga mengambang dalam mata agreement, the Bank should pay variable
uang Rupiah dan USD setiap enam bulan, tiga interest rate in rupiah and USD currencies on
bulan, dan satu bulan hingga tanggal jatuh semester, quarterly, and monthly basis until
tempo. Per tanggal 31 Desember 2024 dan maturity date. As of December 31, 2024 and
2023 transaksi kontrak pertukaran suku bunga 2023 interest rate swap transactions will mature
tersebut masing-masing akan jatuh tempo dari from September 21, 2025 until December 14,
tanggal yang berkisar antara 21 September 2028 and August 8, 2024 until December 14,
2025 sampai dengan 14 Desember 2028 dan 2028, respectively.
tanggal 8 Agustus 2024 sampai dengan 14
Desember 2028.
Per 31 Desember 2024 dan 2023, jatuh tempo As of December 31, 2024 and 2023, the
kontrak forward mata uang asing masing- maturity of the forward foreign currency
masing adalah antara 2 - 722 dan 2 - 1.088 hari, contracts were between 2 - 722 and 2 - 1,088
jatuh tempo kontrak swap mata uang asing days, foreign currency swaps were between 2 -
masing-masing adalah antara 2 - 356 dan 2 - 356 and 2 - 365 days, option were between 9 -
365 hari, jatuh tempo kontrak option masing- 120 and 2 - 1,086 days and others were
masing adalah antara 9 - 120 dan 2 - 1.086 hari between 2 - 911 and 2 - 339 days, respectively.
dan jatuh tempo kontrak lainnya adalah antara
2 - 911 dan 2 - 339 hari.
113
2024 Annual Report PT Bank Maybank Indonesia Tbk 751
Page 754
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVES RECEIVABLE AND PAYABLE
(continued)
c. Suku bunga kontraktual c. Contractual interest rate
Tahun yang Berakhir pada Tanggal 31 Desember/
Year ended December 31
2024 2023
Swap Suku Bunga Interest Rate Swap
Mata uang asing Foreign currencies
Yang akan dibayar To be paid
Suku bunga mengambang USD SOFR OVERNIGHT USD SOFR OVERNIGHT Variable interest rate
Suku bunga tetap 4,17% - 4,96% 0,96% - 4,96% Fixed interest rate
Yang akan diterima To be received
Suku bunga mengambang USD SOFR OVERNIGHT USD SOFR OVERNIGHT Variable interest rate
Suku bunga tetap 3,95% - 4,61% 0,97% - 4,24% Fixed interest rate
Swap Suku Bunga dan Mata Uang Cross Currency and Interest Rate Swap
Rupiah Rupiah
Yang akan dibayar To be paid
Suku bunga tetap 0,90% - 9,50% 5,20% - 9,00% Fixed interest rate
Yang akan diterima To be received
Suku bunga tetap 1,93% - 9,50% 5,18% - 9,00% Fixed interest rate
Mata uang asing Foreign currencies
Yang akan dibayar To be paid
USD SOFR OVERNIGHT+ USD SOFR OVERNIGHT +
70bps - USD CME TERM 81,45bps - USD CME TERM
Suku bunga mengambang SOFR 6 MONTHS+ 125bps SOFR 6 months +125bps Variable interest rate
Suku bunga tetap 0,57% - 7,66% 0,72 % - 7,22% Fixed interest rate
Yang akan diterima To be received
USD CME TERM SOFR 1 MONTH USD SOFR OVERNIGHT
+45bps - USD CME TERM +45bps - USD CME TERM
Suku bunga mengambang SOFR 6 MONTHS+ 125bps SOFR 6 months +125bps Variable interest rate
Suku bunga tetap 0,57% - 9,50% 0,72 % - 7,25% Fixed interest rate
Pertukaran tingkat suku bunga dan mata uang The interest rate and currency exchanges are
dilakukan setiap bulanan, kuartalan dan exercised on a monthly, quarterly and semi
semesteran. annually.
Pada tanggal 31 Desember 2024 dan 2023 As of December 31, 2024 and 2023, the
jangka waktu kontrak swap suku bunga berkisar contract period of interest rate swaps ranged
antara 2 sampai 5 tahun dan 1 sampai 5 tahun. from 2 to 5 years and 1 to 5 years. As of
Pada tanggal 31 Desember 2024 dan 2023, December 31, 2024 and 2023, the remaining
sisa jangka waktu kontrak dari swap suku contract period of cross currency rate swap
bunga dan mata uang berkisar antara 1 sampai ranged from 1 to 8 years and 1 to 7 years.
8 tahun dan 1 sampai 7 tahun.
114
752 2024 Annual Report
Page 755
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH FINANCING
a. Berdasarkan jenis dan mata uang a. By type and currency
31 Desember/December 31
2024 2023
8010000
Rupiah Rupiah
Korporasi 17.852.419 17.830.234 Corporate
Komersial/Usaha Commercial/Small and
Kecil Menengah ("UKM") Medium Enterprises ("SME")
UKM 10.808.137 10.203.163 SME
UKM+ 4.571.905 3.882.619 SME+
Komersial 8.178.959 6.815.579 Commercial
Konsumen Consumer
Kredit Kendaraan
Bermotor 9.436.179 8.587.733 Auto loans
Kredit Pemilikan Rumah ("KPR") 8.021.299 7.189.027 Mortgage ("KPR")
Home equity loans (Maxima) 594.168 710.366 Home equity loans (Maxima)
Kartu kredit 3.289.595 2.984.372 Credit card
Pinjaman tanpa agunan ("PITA") 693.252 593.702 Unsecured loans ("PITA")
Lain-lain*) 7.400.164 6.391.486 Others*)
Syariah 29.168.388 27.353.882 Sharia
100.014.465 92.542.163
Mata uang asing Foreign currencies
Korporasi 15.560.668 10.816.883 Corporate
Komersial/Usaha Commercial/Small and
Kecil Menengah ("UKM") Medium Enterprises ("SME")
UKM 239.118 206.159 SME
UKM+ 155.696 171.615 SME+
Komersial 1.829.522 1.430.704 Commercial
Syariah 2.589.112 2.888.753 Sharia
20.374.116 15.514.114
Jumlah 120.388.581 108.056.277 Total
Dikurangi: Cadangan Less: Allowance for
kerugian penurunan nilai (3.902.938) (3.376.813) impairment losses
116.485.643 104.679.464
*) *)
Terdiri dari pinjaman karyawan dan piutang anak perusahaan. Consist of employee loan and receivable of subsidiaries.
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in Note 54.
pada Catatan 54.
b. Jaminan kredit b. Loan collateral
Jaminan pemberian kredit adalah tanah, Loan collaterals are in the form of land,
bangunan, saham, tabungan, giro, deposito buildings, shares of stock, savings, demand
berjangka (Catatan 19), mesin, persediaan dan deposits, time deposits (Note 19), machinery,
jaminan lain yang dapat diterima oleh Bank. inventories and other collaterals that are
acceptable to the Bank.
115
2024 Annual Report PT Bank Maybank Indonesia Tbk 753
Page 756
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
b. Jaminan kredit (lanjutan) b. Loan collateral (continued)
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, total loans
jumlah kredit yang diberikan yang dijamin which were secured by time
dengan deposito berjangka adalah masing- deposits amounted to Rp5,116,493 and
masing sebesar Rp5.116.493 dan Rp7,146,677, respectively.
Rp7.146.677.
c. Berdasarkan sektor ekonomi c. By economic sector
Klasifikasi kredit berdasarkan sektor ekonomi Loans classified by economic sector are as
adalah sebagai berikut: follows:
31 Desember/December 31
2024 2023
8010000
Rupiah Rupiah
Pertanian dan perhutanan 1.026.062 1.088.000 Agriculture and forestry
Pertambangan 77.699 123.796 Mining
Perindustrian 11.896.712 11.121.259 Manufacturing
Listrik, gas dan air 1.508.401 385.697 Electricity, gas and water
Konstruksi 7.870.629 10.963.257 Construction
Perdagangan, restoran Trading, restaurant
dan hotel 16.921.456 14.555.064 and hotel
Angkutan, gudang dan Transportation, warehouses
komunikasi 2.462.581 2.166.083 and communication
Jasa-jasa dunia usaha 18.976.173 16.355.375 Business services
Jasa-jasa sosial/masyarakat 467.202 260.768 Social/public services
Lain-lain *) 38.807.550 35.522.864 Others *)
100.014.465 92.542.163
Mata uang asing Foreign currencies
Pertanian dan perhutanan 36.374 49.365 Agriculture and forestry
Pertambangan 5.364.726 3.431.465 Mining
Perindustrian 8.689.216 8.426.091 Manufacturing
Listrik, gas dan air 1.935.075 1.868.304 Electricity, gas and water
Konstruksi 229.184 13.165 Construction
Perdagangan, restoran Trading, restaurant
dan hotel 1.226.566 543.112 and hotel
Angkutan, gudang dan Transportation, warehouses
komunikasi 1.145.328 131.046 and communication
Jasa-jasa dunia usaha 1.741.798 1.043.414 Business services
Jasa-jasa sosial/masyarakat 5.849 8.152 Social/public services
20.374.116 15.514.114
Jumlah 120.388.581 108.056.277 Total
Dikurangi: Less:
Cadangan kerugian penurunan nilai (3.902.938) (3.376.813) Allowance for impairment losses
116.485.643 104.679.464
*) Terdiri dari kredit konsumen untuk pemilikan rumah, kendaraan bermotor *) This consists of consumer loans for housing, motor vehicles and others.
dan lainnya.
116
754 2024 Annual Report
Page 757
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
d. Berdasarkan pihak berelasi d. Based on related party
31 Desember/December 31
2024 2023
Pihak berelasi (Catatan 44) Related parties (Note 44)
PT Maybank Sekuritas Indonesia 306 35.171 PT Maybank Sekuritas Indonesia
PT Asuransi Etiqa Internasional Indonesia 25.000 110.000 PT Asuransi Etiqa Internasional Indonesia
Pinjaman karyawan kunci 118.172 106.130 Key management personnel loans
143.478 251.301
Pihak ketiga 120.245.103 107.804.976 Third parties
120.388.581 108.056.277
e. Berdasarkan periode kredit dan sisa umur e. By loan period and maturity
jatuh tempo
Golongan jangka waktu kredit yang diberikan The classification of loans based on loan
berdasarkan periode kredit sebagaimana yang period, as stated in the loan agreements, and
tercantum dalam perjanjian kredit dan waktu the remaining period until maturity were as
yang tersisa sampai dengan saat jatuh follows:
temponya adalah sebagai berikut:
31 Desember/December 31
2024 2023
Berdasarkan Berdasarkan Berdasarkan Berdasarkan
periode sisa umur periode sisa umur
perjanjian jatuh tempo/ perjanjian jatuh tempo/
kredit/ Based on kredit/ Based on
Based on remaining Based on remaining
08050000_01 loan period until loan period until
period maturity period maturity
Rupiah Rupiah
< = 1 tahun 29.489.911 39.361.450 17.074.559 35.248.497 < = 1 year
> 1 - 2 tahun 10.965.238 10.606.875 18.010.022 9.653.629 > 1 - 2 years
> 2 - 5 tahun 27.048.217 28.455.027 27.402.962 29.590.790 > 2 - 5 years
> 5 tahun 32.511.099 21.591.113 30.054.620 18.049.247 > 5 years
100.014.465 100.014.465 92.542.163 92.542.163
Mata uang asing Foreign currencies
< = 1 tahun 7.600.200 9.076.003 3.883.198 6.824.366 < = 1 year
> 1 - 2 tahun 1.854.572 1.503.525 3.458.623 651.572 > 1 - 2 years
> 2 - 5 tahun 3.647.700 8.848.402 1.548.835 7.062.313 > 2 - 5 years
> 5 tahun 7.271.644 946.186 6.623.458 975.863 > 5 years
20.374.116 20.374.116 15.514.114 15.514.114
120.388.581 120.388.581 108.056.277 108.056.277
117
2024 Annual Report PT Bank Maybank Indonesia Tbk 755
Page 758
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
f. Tingkat bunga f. Interest rate
Tingkat bunga rata-rata per tahun yang The average interest rates per annum charged
dibebankan kepada debitur oleh Bank adalah to debtors by the Bank are as follows:
sebagai berikut:
December 31/December 31
2024 2023
8060000
Rupiah 8,70% 8,73% Rupiah
Mata uang asing 6,14% 6,17% Foreign currencies
g. Kredit sindikasi g. Syndicated loans
Jumlah kredit sindikasi yang diberikan oleh Total syndicated loans of the Bank as of
Bank per tanggal 31 Desember 2024 dan 2023 December 31, 2024 and 2023
adalah masing-masing sebesar Rp13.604.028 amounted to Rp13,604,028 and Rp9,363,263,
dan Rp9.363.263. respectively.
Keikutsertaan Bank sebagai pimpinan sindikasi The participation of the Bank as a leader of the
per 31 Desember 2024 adalah antara 5% syndicated loans as of December 31, 2024
sampai 67% (31 Desember 2023: 8% sampai ranged from 5% to 67% (December 31, 2023:
44%) dan sebagai anggota sindikasi per 31 8% to 44%) and as a member of the syndicated
Desember 2024 adalah antara 3% sampai 25% loans as of December 31, 2024 ranged from 3%
(31 Desember 2023: 3% sampai 16%) dari to 25% (December 31, 2023: 3% to 16%) of
jumlah kredit sindikasi. total syndicated loans.
h. Kredit dalam rangka pembiayaan bersama h. Joint financing loans
(joint financing)
Bank mengadakan perjanjian pemberian The Bank entered into joint financing
fasilitas pembiayaan bersama, terutama arrangements, mainly with the subsidiaries,
dengan entitas anak, yaitu WOM dan MIF untuk which are WOM and MIF for financing retail
membiayai kepemilikan kendaraan secara purchases of vehicles. The ultimate credit risk
retail. Risiko kredit Bank dalam pembiayaan of the Bank under the joint financing is with the
bersama tersebut berada pada debitur dari customers of the subsidiaries. The outstanding
entitas anak. Jumlah saldo fasilitas pembiayaan balance of the joint financing arrangements with
bersama dengan WOM pada tanggal 31 WOM as of December 31, 2024 is RpNil
Desember 2024 adalah sebesar RpNihil (31 (December 31, 2024: RpNil). The outstanding
Desember 2023: RpNihil). Jumlah saldo balance of the joint financing arrangements with
fasilitas pembiayaan bersama dengan MIF MIF as of December 31, 2024 is Rp10,346,994
pada tanggal 31 Desember 2024 adalah (December 31, 2023: Rp9,254,745). The
sebesar Rp10.346.994 (31 Desember 2023: amounts are recorded under Auto Loans and
Rp9.254.745). Jumlah tersebut dicatat dalam Sharia (Note 12a) and loan-others (Note 12c).
Kredit Kendaraan Bermotor dan Syariah
(Catatan 12a) dan kredit lain-lain (Catatan 12c).
i. Pinjaman karyawan i. Loans to employees
Pinjaman karyawan Bank terdiri dari kredit yang Loans to the Bank’s employees consist of loans
dibebani bunga khusus dengan jangka waktu granted with special interest rates and with
berkisar antara 1 (satu) sampai dengan 20 (dua terms between 1 (one) to 20 (twenty) years and
puluh) tahun yang dilunasi melalui pemotongan are collected through monthly salary
gaji setiap bulannya. deductions.
118
756 2024 Annual Report
Page 759
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
i. Pinjaman karyawan (lanjutan) i. Loans to employees (continued)
Perbedaan antara tingkat bunga pinjaman The difference between the employee loan’s
karyawan dan suku bunga pasar ditangguhkan interest rates and market interest rate is
dan dicatat sebagai beban yang ditangguhkan deferred and recorded as deferred costs for
untuk pinjaman karyawan, bagian dari aset lain- employee loan, part of other assets and will be
lain dan akan diamortisasi menggunakan EIR. amortized using EIR.
j. Kredit restrukturisasi j. Restructured loans
Kredit yang diberikan yang direstrukturisasi Restructured loans include loans with
meliputi antara lain kredit dengan perpanjangan extensions of credit terms and/or reduction of
jangka waktu dan/atau penurunan tingkat interest rates.
bunga.
31 Desember/December 31
2024 2023
Kredit yang direstrukturisasi 6.535.254 6.693.362 Restructured loans
Dikurangi: Less:
Cadangan kerugian penurunan nilai (2.599.384) (2.243.374) Allowance for impairment losses
Saldo akhir 3.935.870 4.449.988 Ending balance
Pinjaman yang direstrukturisasi sesuai dengan Restructured loans in accordance with the OJK
peraturan OJK diungkapkan pada Catatan 57. regulation are disclosed in Note 57.
k. Kredit bermasalah berdasarkan sektor k. Non-performing loans based on economic
ekonomi sector
Sesuai dengan peraturan OJK, kredit In accordance with the OJK regulation, non-
bermasalah berdasarkan sektor ekonomi performing loans based on economic sector are
diungkapkan pada Catatan 57. disclosed in Note 57.
l. Cadangan kerugian penurunan nilai l. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk kredit yang diberikan loss allowances of loans and sharia
dan piutang/pembiayaan syariah adalah receivables/financing is as follows:
sebagai berikut:
31 Desember/December 31, 2024
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 70.173.153 4.539.723 3.100.768 30.242.633 108.056.277 Beginning gross carrying amount
Transfer ke Stage 1 3.225.960 (3.127.349) (98.611) - - Transfer to Stage 1
Transfer ke Stage 2 (1.584.598) 1.611.059 (26.461) - - Transfer to Stage 2
Transfer ke Stage 3 (384.345) (103.707) 488.052 - - Transfer to Stage 3
Aset baru 35.119.148 183.395 59.300 9.374.777 44.736.620 New assets originated
Perubahan neto (9.188.443) (137.686) (18.843) (3.599.629) (12.944.601) Net change
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (14.551.709) (322.069) (111.967) (4.290.638) (19.276.383) (other than write-offs)
Penghapusbukuan - - (637.510) (80.580) (718.090) Write-offs
Selisih akibat perbedaan kurs 397.834 7.697 18.290 110.937 534.758 Exchange rate differences
Nilai tercatat bruto akhir 83.207.000 2.651.063 2.773.018 31.757.500 120.388.581 Ending gross carrying amount
*) Tidak menerapkan PSAK 109 *) Not implement SFAS 109
119
2024 Annual Report PT Bank Maybank Indonesia Tbk 757
Page 760
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
12. KREDIT YANG DIBERIKAN DAN PIUTANG/ 12. LOANS AND SHARIA RECEIVABLES/
PEMBIAYAAN SYARIAH (lanjutan) FINANCING (continued)
l. Cadangan kerugian penurunan nilai l. Allowance for impairment losses
(lanjutan) (continued)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk kredit yang diberikan loss allowances of loans and sharia
dan piutang/pembiayaan syariah adalah receivables/financing is as follows: (continued)
sebagai berikut: (lanjutan)
31 Desember/December 31, 2024
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit ekspektasian awal 454.949 481.954 1.229.476 1.210.434 3.376.813 Beginning expected credit loss allowance
Transfer ke Stage 1 110.466 (85.808) (24.658) - - Transfer to Stage 1
Transfer ke Stage 2 (15.746) 19.732 (3.986) - - Transfer to Stage 2
Transfer ke Stage 3 (7.202) (12.497) 19.699 - - Transfer to Stage 3
Perubahan neto (155.611) 97.991 789.498 682.129 1.414.007 Net change
Aset baru 292.261 18.938 24.589 45.408 381.196 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (102.768) (63.947) (111.967) (378.167) (656.849) (other than write-offs)
Penghapusbukuan - - (637.510) (80.580) (718.090) Write-offs
Selisih akibat perbedaan kurs 1.468 4.048 90.270 10.075 105.861 Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 577.817 460.411 1.375.411 1.489.299 3.902.938 Ending expected credit loss allowance
31 Desember/December 31 , 2023
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 62.118.637 7.742.139 3.643.280 26.434.586 99.938.642 Beginning gross carrying amount
Transfer ke Stage 1 1.457.939 (1.323.392) (134.547) - - Transfer to Stage 1
Transfer ke Stage 2 (741.386) 781.152 (39.766) - - Transfer to Stage 2
Transfer ke Stage 3 (372.924) (264.458) 637.382 - - Transfer to Stage 3
Aset baru 27.577.015 157.672 27.710 9.109.457 36.871.854 New assets originated
Perubahan neto (6.649.723) (516.029) (76.204) (2.069.219) (9.311.175) Net change
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (13.109.401) (2.033.834) (284.401) (3.144.606) (18.572.242) (other than write-offs)
Penghapusbukuan - - (668.116) (59.082) (727.198) Write-offs
Selisih akibat perbedaan kurs (107.006) (3.527) (4.570) (28.501) (143.604) Exchange rate differences
Nilai tercatat bruto akhir 70.173.151 4.539.723 3.100.768 30.242.635 108.056.277 Ending gross carrying amount
31 Desember/December 31 , 2023
Konvensional/Conventional Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit ekspektasian awal 387.309 463.620 1.336.896 1.048.172 3.235.997 Beginning expected credit loss allowance
Transfer ke Stage 1 86.323 (55.600) (30.723) - - Transfer to Stage 1
Transfer ke Stage 2 (12.808) 17.009 (4.201) - Transfer to Stage 2
Transfer ke Stage 3 (4.237) (24.854) 29.091 - Transfer to Stage 3
Perubahan neto (108.249) 170.047 822.683 259.027 1.143.508 Net change
Aset baru 208.155 15.843 12.202 39.748 275.948 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (101.119) (103.081) (284.401) (71.327) (559.928) (other than write-offs)
Penghapusbukuan - - (668.116) (59.082) (727.198) Write-offs
Selisih akibat perbedaan kurs (425) (1.030) 16.045 (6.104) 8.486 Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 454.949 481.954 1.229.476 1.210.434 3.376.813 Ending expected credit loss allowance
*) Tidak menerapkan PSAK 109 *) Not implement SFAS 109
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
Jumlah penyisihan penghapusan aset yang Allowance for uncollectible assets required for
wajib dibentuk atas kredit yang diberikan sesuai loans which is in accordance with OJK
dengan ketentuan OJK diungkapkan pada regulation are disclosed in Note 57.
Catatan 57.
120
758 2024 Annual Report
Page 761
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN 13. CONSUMER FINANCING RECEIVABLES
a. Piutang pembiayaan konsumen entitas anak a. The subsidiaries’ consumer financing
receivables
31 Desember/December 31
2024 2023
Rupiah Rupiah
Pihak ketiga Third parties
Piutang pembiayaan Consumer financing
konsumen - bruto 9.354.522 10.206.593 receivables - gross
Dikurangi: Less:
Pendapatan pembiayaan Unearned consumer financing
konsumen yang belum diakui (2.162.088) (2.260.864) receivables
7.192.434 7.945.729
Dikurangi: Less:
Cadangan kerugian Allowance for impairment
penurunan nilai (116.486) (145.288) losses
7.075.948 7.800.441
Akun ini merupakan piutang yang dikenakan This account represents interest-bearing
bunga yang timbul terutama dari kegiatan dalam receivables mainly arising from financing
bentuk penyediaan pembiayaan kendaraan activities for four-wheeled and two-wheeled
bermotor roda empat dan dua kepada motor vehicles to consumers with periodic
konsumen dengan pembayaran angsuran installment payment schedule.
secara berkala.
Sebagai jaminan atas piutang yang diberikan, The receivables are secured by fiduciary
entitas anak menerima jaminan dari konsumen transfers of vehicles whereby the subsidiaries
terutama berupa Bukti Pemilikan Kendaraan mainly receive the Motor Vehicle Ownership
Bermotor (“BPKB”) dari kendaraan bermotor Certificates (“BPKB”).
yang dibiayai.
Bagian pinjaman yang dibiayai bank-bank pihak The part of financing which was financed by
ketiga sehubungan dengan transaksi kerjasama third party banks related to joint financing
pembiayaan bersama dengan pembagian risiko without recourse basis as of December 31,
tidak tertagihnya piutang (without recourse) per 2024 and 2023 amounted to RpNil.
tanggal 31 Desember 2024 dan 2023 adalah
sebesar RpNihil.
Pada tanggal 31 Desember 2024 dan 2023 As of December 31, 2024 and 2023 consumer
piutang pembiayaan konsumen masing-masing financing receivables amounting to
sebesar Rp2.224.261 dan Rp3.733.169 Rp2,224,261 and Rp3,733,169 respectively,
digunakan sebagai jaminan atas pinjaman yang were pledged as collateral to the subsidiaries’
diterima entitas anak (Catatan 23) dan masing- borrowings (Note 23) and amounting to
masing sebesar Rp433.367 dan Rp1.822.802 Rp433,367 and Rp1,822,802 respectively, were
sebagai jaminan atas utang obligasi (Catatan pledged to the subsidiary’s bonds issued (Note
22). 22).
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
121
2024 Annual Report PT Bank Maybank Indonesia Tbk 759
Page 762
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES
(continued)
b. Berdasarkan kolektibilitas b. By Collectibility
Kolektabilitas Piutang Pembiayaan Konsumen Collectability of Financing Receivables in
sesuai dengan peraturan OJK diungkapkan accordance with OJK regulation are disclosed
pada Catatan 57. in Note 57.
c. Menurut sisa umur jatuh tempo c. By Maturity
31 Desember/December 31
2024 2023
Berdasarkan Berdasarkan
Berdasarkan sisa umur Berdasarkan sisa umur
periode jatuh tempo/ periode jatuh tempo/
perjanjian Based on perjanjian Based on
kredit/ remaining kredit/ remaining
08050000_01 Based on loan period until Based on loan period until
period maturity period maturity
Rupiah Rupiah
< = 1 tahun 311.428 1.148.896 205.555 1.110.370 < = 1 year
> 1 - 2 tahun 852.024 2.067.864 925.013 2.371.201 > 1 - 2 years
> 2 - 5 tahun 5.748.334 3.873.892 6.411.066 4.346.551 > 2 - 5 years
> 5 tahun 280.648 101.782 404.095 117.607 > 5 years
7.192.434 7.192.434 7.945.729 7.945.729
d. Tingkat bunga d. Interest rate
Tingkat bunga rata-rata per tahun yang The average interest rates per annum charged
dibebankan kepada debitur adalah sebagai to debtors are as follows:
berikut:
31 Desember/December 31
2024 2023
Rupiah Rupiah
PT Maybank Indonesia Finance 7,54% 7,57% PT Maybank Indonesia Finance
PT Wahana Ottomitra Multiartha Tbk 34,13% 34,11% PT Wahana Ottomitra Multiartha Tbk
122
760 2024 Annual Report
Page 763
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES
(continued)
e. Cadangan kerugian penurunan nilai e. Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk piutang pembiayaan loss allowances of consumer financing
konsumen adalah sebagai berikut: receivables is as follows:
31 Desember/December 31, 2024
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 7.050.014 230.496 84.077 581.142 7.945.729 Beginning gross carrying amount
Transfer ke Stage 1 69.537 (68.255) (1.282) - - Transfer to Stage 1
Transfer ke Stage 2 (138.609) 139.042 (433) - - Transfer to Stage 2
Transfer ke Stage 3 (52.419) (10.412) 62.831 - - Transfer to Stage 3
Aset baru 4.205.124 118.683 20.829 325.877 4.670.513 New assets originated
Perubahan neto (3.007.654) (78.024) 121.694 (155.390) (3.119.374) Net change
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (1.852.107) (121.986) (22.522) (88.963) (2.085.578) (other than write-offs)
Penghapusbukuan - - (208.090) (10.766) (218.856) Write-offs
Nilai tercatat bruto akhir 6.273.886 209.544 57.104 651.900 7.192.434 Ending gross carrying amount
31 Desember/December 31, 2024
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit ekspektasian awal 57.930 26.133 47.560 13.665 145.288 Beginning expected credit loss allowances
Transfer ke Stage 1 5.246 (4.781) (465) - - Transfer to Stage 1
Transfer ke Stage 2 (2.668) 2.845 (177) - - Transfer to Stage 2
Transfer ke Stage 3 (1.419) (1.267) 2.686 - - Transfer to Stage 3
Perubahan neto (30.430) 4.935 202.691 7.037 184.233 Net change
Aset baru 30.036 11.745 12.558 8.896 63.235 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (13.016) (17.662) (22.522) (4.214) (57.414) (other than write-offs)
Penghapusbukuan - - (208.090) (10.766) (218.856) Write-offs
Cadangan atas kerugian kredit ekspektasian akhir 45.679 21.948 34.241 14.618 116.486 Ending expected credit loss allowances
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Nilai tercatat bruto awal 6.765.782 668.549 62.725 379.388 7.876.444 Beginning gross carrying amount
Transfer ke Stage 1 424.997 (424.111) (886) - - Transfer to Stage 1
Transfer ke Stage 2 (151.323) 151.469 (146) - - Transfer to Stage 2
Transfer ke Stage 3 (55.523) (11.400) 66.923 - - Transfer to Stage 3
Aset baru 4.201.089 95.230 32.309 396.031 4.724.659 New assets originated
Perubahan neto (2.618.135) (49.788) 130.345 (129.249) (2.666.827) Net change
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (1.516.873) (199.453) (26.471) (57.248) (1.800.045) (other than write-offs)
Penghapusbukuan - - (180.722) (7.780) (188.502) Write-offs
Nilai tercatat bruto akhir 7.050.014 230.496 84.077 581.142 7.945.729 Ending gross carrying amount
*) Tidak menerapkan PSAK 109 *) Not implement SFAS 109
123
2024 Annual Report PT Bank Maybank Indonesia Tbk 761
Page 764
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES
(continued)
e. Cadangan kerugian penurunan nilai e. Allowance for impairment losses
(lanjutan) (continued)
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected credit
ekspektasian terkait untuk piutang pembiayaan loss allowances of consumer financing
konsumen adalah sebagai berikut: (lanjutan) receivables is as follows: (continued)
31 Desember/December 31, 2023
Konvensional/Conventional
Syariah*)/ Jumlah/
Stage 1 Stage 2 Stage 3 Sharia*) Total
Cadangan atas kerugian kredit ekspektasian awal 57.757 23.564 33.132 8.018 122.471 Beginning expected credit loss allowances
Transfer ke Stage 1 5.678 (5.312) (366) - - Transfer to Stage 1
Transfer ke Stage 2 (2.874) 2.926 (52) - - Transfer to Stage 2
Transfer ke Stage 3 (1.664) (1.518) 3.182 - - Transfer to Stage 3
Perubahan neto (30.421) 7.959 198.840 7.545 183.923 Net change
Aset baru 40.548 12.329 20.017 8.460 81.354 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (11.094) (13.815) (26.471) (2.578) (53.958) (other than write-offs)
Penghapusbukuan - - (180.722) (7.780) (188.502) Write-offs
Cadangan atas kerugian kredit ekspektasian akhir 57.930 26.133 47.560 13.665 145.288 Ending expected credit loss allowances
*) Tidak menerapkan PSAK 109 *) Not implement SFAS 109
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
f. Piutang pembiayaan konsumen f. Restructured consumer financing
restrukturisasi receivables
Piutang pembiayaan konsumen yang Restructured consumer financing receivables in
direstrukturisasi sesuai dengan peraturan OJK accordance with the OJK regulation are
diungkapkan pada Catatan 57. disclosed in Note 57.
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
a. Tagihan akseptasi a. Acceptances receivable
(i) Berdasarkan pihak, mata uang dan pihak (i) By counterparty, currency and related
berelasi party
31 Desember/December 31
2024 2023
Rupiah Rupiah
Pihak ketiga Third parties
Nasabah 181.069 146.291 Debtors
Bank lain 10.948 14.343 Other banks
Sub-jumlah - Rupiah 192.017 160.634 Sub-total - Rupiah
Mata uang asing Foreign currencies
Pihak ketiga Third parties
Nasabah 1.379.455 618.679 Debtors
Bank lain 2.769 7.382 Other banks
Sub-jumlah - Mata uang asing 1.382.224 626.061 Sub-total - Foreign currencies
Jumlah 1.574.241 786.695 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.176) (1.065) impairment losses
Tagihan akseptasi - neto 1.571.065 785.630 Acceptances receivable - net
124
762 2024 Annual Report
Page 765
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
a. Tagihan akseptasi a. Acceptances receivable
(ii) Berdasarkan kolektibilitas (ii) By collectibility
Kolektabilitas Tagihan Akseptasi sesuai Collectability of Acceptances Receivable in
dengan peraturan OJK diungkapkan pada accordance with OJK regulation are
Catatan 57. disclosed in Note 57.
(iii) Berdasarkan jatuh tempo (iii) By maturity
31 Desember/December 31
2024 2023
Rupiah Rupiah
<= 1 bulan 73.506 64.029 <= 1 month
> 1 bulan - 3 bulan 38.846 68.013 > 1 month - 3 months
> 3 bulan - 6 bulan 79.665 28.592 > 3 months - 6 months
192.017 160.634
Mata uang asing Foreign currencies
<= 1 bulan 219.182 162.839 <= 1 month
> 1 bulan - 3 bulan 594.009 205.406 > 1 month - 3 months
> 3 bulan - 6 bulan 560.664 257.816 > 3 months - 6 months
> 6 bulan - 12 bulan 8.369 - > 6 months - 12 months
1.382.224 626.061
1.574.241 786.695
(iv) Cadangan kerugian penurunan nilai (iv) Allowance for impairment losses
Analisis atas perubahan dalam nilai tercatat An analysis of change in the gross carrying
bruto dan cadangan atas kerugian kredit amount and the corresponding expected
ekspektasian terkait untuk tagihan akseptasi credit loss allowances of acceptance
sebagai berikut: receivables is as follows:
31 Desember/December 31, 2024
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal 784.812 1.883 - 786.695 Beginning gross carrying amount
Aset baru 1.022.485 551.756 - 1.574.241 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (784.812) (1.883) - (786.695) (other than write-offs)
Nilai tercatat bruto akhir 1.022.485 551.756 - 1.574.241 Ending gross carrying amount
125
2024 Annual Report PT Bank Maybank Indonesia Tbk 763
Page 766
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
(lanjutan) (continued)
a. Tagihan akseptasi (lanjutan) a. Acceptances receivable (continued)
(iv) Cadangan kerugian penurunan nilai (iv) Allowance for impairment losses
(lanjutan) (continued)
31 Desember/December 31, 2024
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Cadangan atas kerugian kredit ekspektasian awal 1.064 1 - 1.065 Beginning expected credit loss allowance
Perubahan neto (899) - - (899) Net change
Aset baru 2.234 942 - 3.176 New assets originated
Aset dihentikan pengakuannya Assets derecognized
(selain karena penghapusbukuan) (1.064) (1) - (1.065) (other than write-offs)
Selisih akibat perbedaan kurs 899 - - 899 Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 2.234 942 - 3.176 Ending expected credit loss allowance
31 Desember/December 31, 2023
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Nilai tercatat bruto awal 1.256.236 - 21.045 1.277.281 Beginning gross carrying amount
Aset baru 784.813 1.883 - 786.696 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (1.256.237) - (21.045) (1.277.282) (other than write-offs)
Nilai tercatat bruto akhir 784.812 1.883 - 786.695 Ending gross carrying amount
31 Desember/December 31, 2023
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Cadangan atas kerugian kredit ekspektasian awal 1.673 - 12.768 14.441 Beginning expected credit loss allowance
Perubahan neto (52) - - (52) Net change
Aset baru 1.063 1 - 1.064 New assets originated
Aset dihentikan pengakuannya Assets derecognised
(selain karena penghapusbukuan) (1.673) - (12.768) (14.441) (other than write-offs)
Selisih akibat perbedaan kurs 53 - - 53 Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 1.064 1 - 1.065 Ending expected credit loss allowance
Cadangan kerugian penurunan nilai Allowance for impairment losses is
dihitung sesuai dengan kebijakan pada calculated using policy which is inline with
Catatan 2o. Note 2o.
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai telah impairment losses is adequate.
memadai.
126
764 2024 Annual Report
Page 767
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCES RECEIVABLE AND PAYABLE
(lanjutan) (continued)
b. Liabilitas akseptasi b. Acceptances payable
31 Desember/December 31
2024 2023
Rupiah Rupiah
Pihak ketiga Third parties
Bank lain 97.514 139.731 Other banks
Nasabah 21.950 9.030 Debtors
Sub-jumlah - Rupiah 119.464 148.761 Sub-total - Rupiah
Mata uang asing Foreign currencies
Pihak berelasi (Catatan 44) Related parties (Note 44)
Bank lain 56.085 517 Other banks
Pihak ketiga Third parties
Bank lain 1.228.238 355.378 Other banks
Nasabah 12.442 7.383 Debtors
1.240.680 362.761
Sub-jumlah - Mata uang asing 1.296.765 363.278 Sub-total - Foreign currencies
1.416.229 512.039
Informasi mengenai transaksi dengan pihak Information on related parties and maturities
berelasi dan jatuh tempo diungkapkan masing- are disclosed in Notes 44 and 54, respectively.
masing pada Catatan 44 dan 54.
127
2024 Annual Report PT Bank Maybank Indonesia Tbk 765
Page 768
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TETAP DAN ASET HAK-GUNA 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
31 Desember/December 31
2024 2023
Aset tetap - neto 3.389.861 3.146.342 Fixed assets - net
Aset hak guna - neto 602.351 681.882 Right-of-use assets - net
3.992.212 3.828.224
a. Aset Tetap a. Fixed Assets
31 Desember/December 31
2024 2023
Biaya perolehan/nilai penilaian
kembali At cost/revalued amount
Kepemilikan langsung: Direct ownership:
Tanah 2.561.788 2.428.488 Land
Buildings, including
Bangunan, termasuk renovasi 738.227 696.642 leasehold improvements
Peralatan kantor 1.747.469 1.627.903 Office equipment
Instalasi 400.606 420.078 Installations
Kendaraan bermotor 99.485 90.230 Vehicles
5.547.575 5.263.341
Akumulasi penyusutan Accumulated depreciation
Kepemilikan langsung: Direct ownership:
Buildings, including
Bangunan, termasuk renovasi 566.265 541.906 leasehold improvements
Peralatan kantor 1.182.531 1.133.885 Office equipment
Instalasi 351.711 385.707 Installations
Kendaraan bermotor 57.207 55.501 Vehicles
2.157.714 2.116.999
Nilai buku neto 3.389.861 3.146.342 Net book value
128
766 2024 Annual Report
Page 769
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Mutasi aset tetap dan akumulasi penyusutan Movements of consolidated fixed assets and
konsolidasian adalah sebagai berikut: accumulated depreciation are as follows:
31 Desember/December 31, 2024
Penjabaran Selisih penilaian
kurs/ kembali aktiva
Reklasifikasi/ tetap tanah/
Foreign Revaluation
currency surplus
1 Januari/ Penambahan/ Pengurangan/ translation/ in fixed asset 31 Desember/
14000000_02 January 1 Additions Deductions Reclassifications for land December 31
Biaya perolehan/Nilai penilaian
kembali At cost/Revalued amount
Kepemilikan langsung: Direct ownership:
Tanah 2.428.488 6.444 1.458 (3.535) 131.849 2.561.788 Land
Buildings, including
Bangunan, termasuk renovasi 696.642 47.656 1.003 (5.068) - 738.227 leasehold improvements
Peralatan kantor 1.627.903 260.845 144.299 3.020 - 1.747.469 Office equipment
Instalasi 420.078 34.229 50.645 (3.056) - 400.606 Installations
Kendaraan bermotor 90.230 26.459 17.216 12 - 99.485 Vehicles
5.263.341 375.633 214.621 (8.627) 131.849 5.547.575
Akumulasi penyusutan Accumulated depreciation
Kepemilikan langsung: Direct ownership:
Buildings, including
Bangunan, termasuk renovasi 541.906 28.325 744 (3.222) - 566.265 leasehold improvements
Peralatan kantor 1.133.885 164.643 116.033 36 - 1.182.531 Office equipment
Instalasi 385.707 16.373 50.357 (12) - 351.711 Installations
Kendaraan bermotor 55.501 14.994 13.337 49 - 57.207 Vehicles
2.116.999 224.335 180.471 (3.149) - 2.157.714
Nilai buku neto 3.146.342 3.389.861 Net book value
31 Desember/December 31, 2023
Penjabaran Selisih penilaian
kurs/ kembali aktiva
Reklasifikasi/ tetap tanah/
Foreign Revaluation
currency surplus
1 Januari/ Penambahan/ Pengurangan/ translation/ in fixed asset 31 Desember/
14000000_02 January 1 Additions Deductions Reclassifications for land December 31
Biaya perolehan/Nilai penilaian
kembali At cost/Revalued amount
Kepemilikan langsung: Direct ownership:
Tanah 2.433.936 3.607 2.756 (5.920) (379) 2.428.488 Land
Buildings, including
Bangunan, termasuk renovasi 666.446 32.701 2.346 (159) - 696.642 leasehold improvements
Peralatan kantor 1.571.058 336.965 190.494 (89.626) - 1.627.903 Office equipment
Instalasi 417.314 22.041 19.189 (88) - 420.078 Installations
Kendaraan bermotor 112.483 20.368 42.608 (13) - 90.230 Vehicles
5.201.237 415.682 257.393 (95.806) (379) 5.263.341
Akumulasi penyusutan Accumulated depreciation
Kepemilikan langsung: Direct ownership:
Buildings, including
Bangunan, termasuk renovasi 482.810 60.240 988 (156) - 541.906 leasehold improvements
Peralatan kantor 1.229.775 133.048 188.771 (40.167) - 1.133.885 Office equipment
Instalasi 393.108 11.857 19.173 (85) - 385.707 Installations
Kendaraan bermotor 84.343 11.741 40.580 (3) - 55.501 Vehicles
2.190.036 216.886 249.512 (40.411) - 2.116.999
Nilai buku neto 3.011.201 3.146.342 Net book value
Beban penyusutan yang dibebankan pada tahun The depreciation expenses for the years ended
yang berakhir pada tanggal-tanggal 31 Desember December 31, 2024 and 2023 amounted to
2024 dan 2023 adalah masing-masing sebesar Rp224,335 and Rp216,886, respectively.
Rp224.335 dan Rp216.886.
129
2024 Annual Report PT Bank Maybank Indonesia Tbk 767
Page 770
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Pengurangan aset tetap di atas termasuk The above deductions in fixed assets include sale
penjualan aset dengan rincian sebagai berikut: of assets with details as follows:
31 Desember/December 31
2024 2023
Nilai buku 4.389 6.295 Book value
Harga jual 8.069 11.308 Selling price
Laba penjualan aset tetap (Catatan 42) 3.680 5.013 Gains from sale of fixed assets (Note 42)
Pada tahun 2024 (sebelumnya pernah In 2024 (previously performed in 2016, 2018
dilakukan juga pada tahun 2016, 2018 dan and 2021), Group performed fixed assets
2021), Grup melakukan penilaian kembali aset revaluation on land located in Indonesia.
tetap berupa tanah yang berada di Indonesia. Based on Independent Appraisal report which
Berdasarkan laporan dari Penilai Independen was performed by independent appraiser
dari KJPP Susan Widjojo dan Rekan yang KJPP Susan Widjojo dan Rekan signed by
ditandatangani Susan Widjojo, MAPPI (Cert) Susan Widjojo, MAPPI (Cert) dated December
pada 23 Desember 2024, metode yang 23, 2024, the methods used are market data
digunakan dalam penilaian kembali aset tetap approach. The revaluation date is on
adalah metode pendekatan data pasar. November 30, 2024.
Tanggal penilaian adalah 30 November 2024.
Penilaian dilakukan sesuai dengan dan tunduk Appraisals are performed based on
kepada ketentuan-ketentuan dari Kode Etik Indonesian Appraisers Ethics Code,
Penilai Indonesia, Standar Penilaian Indonesian Appraisal Standards and
Indonesia dan Peraturan BAPEPAM-LK BAPEPAM-LK rule No. VIII.C.4 concerning
No. VIII.C.4 tentang Pedoman Penilaian dan Guidelines for Valuation and Presentation of
Penyajian Laporan Penilai Properti di Pasar Property Appraisal General Concept and
Modal. Konsep dan Prinsip Umum Penilaian Principal point 17 year 2015, based on
(KPUP) poin 17 tahun 2015, ditentukan references from recent market transactions
berdasarkan transaksi pasar terkini dan and performed under common requirements
dilakukan dengan ketentuan-ketentuan yang and using appraisal approach.
lazim dan menggunakan pendekatan
penilaian.
Dalam pengukuran nilai wajar tanah, Penilai In the fair value measurement of the land, the
Independen memperhitungkan kemampuan Independent Appraisers takes into account a
peserta pasar untuk menghasilkan manfaat market participant’s ability to generate economic
ekonomi dengan penggunaan tertinggi dan benefits by using the assets in its highest and
terbaik atas aset atau dengan menjual aset ke best use or by selling it to another market
peserta pasar lain yang akan menggunakan participant that would use the assets in its
aset pada kondisi tertinggi dan penggunaan highest and best use. The revaluation of land
terbaik. Penilaian kembali yang dilakukan resulted in increase of carrying amount
atas tanah menghasilkan kenaikan nilai amounted to Rp131,849 which was recognized
tercatat sebesar Rp131.849 dan dicatat as part of equity as fixed assets revaluation
sebagai bagian dari ekuitas sebagai surplus surplus and other comprehensive income.
revaluasi aset tetap dan penghasilan
komprehensif lain.
130
768 2024 Annual Report
Page 771
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Tabel berikut menyajikan perbandingan antara The following table presents the comparison
tanah berdasarkan model revaluasi dan model between land based on revaluation model and
biaya pada tanggal 31 Desember 2024 dan cost model as of December 31, 2024 and 2023:
2023:
31 Desember/December 31, 2024
Model biaya/ Model revaluasi/
Cost model Revaluation model
Tanah 452.274 2.561.788 Land
31 Desember/December 31, 2023
Model biaya/ Model revaluasi/
Cost model Revaluation model
Tanah 443.580 2.428.488 Land
Tabel di bawah ini menyajikan instrumen non- The table below shows the non-financial
keuangan yang diakui pada nilai wajar instruments recognized at fair value based on
berdasarkan hirarki yang digunakan Bank the hierarchy used by the Bank in
untuk menentukan dan mengungkapkan nilai determining and disclosing the fair value of
wajar dari instrumen non-keuangan: non-financial instruments:
(i) Tingkat 1: Dikutip dari harga pasar aktif (i) Level 1: Quoted (unadjusted) prices in
untuk aset atau liabilitas yang identik; active markets for identical assets or
liabilities;
(ii) Tingkat 2: Teknik valuasi dimana seluruh (ii) Level 2: Valuation techniques for which all
input yang memiliki efek signifikan inputs which have a significant effect on
terhadap nilai wajar yang tercatat dapat the recorded fair value are observable
diobservasi baik secara langsung atau either directly or indirectly;
tidak langsung;
(iii) Tingkat 3: Teknik valuasi dimana seluruh (iii) Level 3: Valuation techniques which use
input yang memiliki efek signifikan inputs that have a significant effect on the
terhadap nilai wajar yang tercatat tidak recorded fair value that are not based on
dapat diobservasi dari data pasar. observable market data.
31 Desember/December 31, 2024
Nilai wajar/Fair value
Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
Level 1 Level 2 Level 3 Total
Tanah - 2.561.788 - 2.561.788 Land
31 Desember/December 31, 2023
Nilai wajar/Fair value
Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
Level 1 Level 2 Level 3 Total
Tanah - 2.428.488 - 2.428.488 Land
131
2024 Annual Report PT Bank Maybank Indonesia Tbk 769
Page 772
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
a. Aset Tetap (lanjutan) a. Fixed Assets (continued)
Nilai wajar tingkat 2 dari tanah dihitung Level 2 fair value of land is calculated using
dengan menggunakan pendekatan the comparable market data approach. The
perbandingan harga pasar. Harga pasar dari approximate market prices of comparable land
tanah yang paling mendekati disesuaikan are adjusted for differences in key attributes
dengan perbedaan atribut utama seperti such as property size, location and use of an
ukuran aset, lokasi dan penggunaan aset. asset. The most significant input into this
Input yang paling signifikan dalam pendekatan valuation approach is price per square meter
penilaian ini adalah asumsi harga per meter. assumptions.
Bank dan entitas anak memiliki sejumlah The Bank and subsidiaries owned numbers of
bidang tanah dengan hak kepemilikan berupa parcels of land with Building Use Rights (Hak
Hak Guna Bangunan yang akan jatuh tempo Guna Bangunan or “HGB”) that will expire
antara tahun 2025 sampai 2054 yang tersebar between 2025 and 2054 which are spread all
di seluruh Indonesia di mana cabang Bank over Indonesia where Bank’s branches are
berada. Manajemen berpendapat hak atas located. Management believes that the land
tanah tersebut dapat diperpanjang. rights can be extended.
Manajemen berpendapat tidak terdapat indikasi Management believes that there is no
penurunan nilai atas aset tetap yang dimiliki impairment in the value of fixed assets owned
Bank. by the Bank.
Aset tetap Bank, kecuali tanah, diasuransikan Fixed assets of the Bank, except land, were
terhadap risiko kebakaran dan pencurian pada insured against risk of fire and theft as of
tanggal 31 Desember 2024 kepada perusahaan December 31, 2024 with the Bank’s related
asuransi pihak terkait Bank yaitu PT Asuransi party insurance company which is PT Asuransi
Etiqa Internasional Indonesia dan perusahaan Etiqa Internasional Indonesia and the Bank’s
asuransi pihak ketiga Bank yaitu Asuransi Sinar third parties insurance companies which are
Mas, Asuransi Harta Aman, Asuransi Allianz Asuransi Sinar Mas, Asuransi Harta Aman,
Utama Indonesia, Great Eastern Insurance Asuransi Allianz Utama Indonesia, Great
Indonesia dan Asuransi Central Asia dengan Eastern Insurance Indonesia and Asuransi
nilai pertangggungan sebesar Rp2.176.011 dan Central Asia with the insured amount of
USD6.115.285 dan 31 Desember 2023 kepada Rp2,176,011 and USD6,115,285 and
perusahaan asuransi pihak terkait Bank yaitu December 31, 2023 with the Bank’s related
PT Asuransi Etiqa Internasional Indonesia dan party insurance company which is PT Asuransi
perusahaan asuransi pihak ketiga Bank yaitu Etiqa Internasional Indonesia and the Bank’s
Asuransi Sinar Mas, Asuransi Harta Aman, third parties insurance companies which are
Asuransi Allianz Utama Indonesia, Great Asuransi Sinar Mas, Asuransi Harta Aman,
Eastern Insurance Indonesia dan Zurich Asuransi Allianz Utama Indonesia, Great
Asuransi Indonesia dengan nilai Eastern Insurance Indonesia and Zurich
pertangggungan sebesar Rp2.121.872 dan Asuransi Indonesia with the insured amount of
USD7.405.285. Manajemen berpendapat Rp2,121,872 and USD7,405,285. Management
bahwa nilai pertanggungan tersebut cukup believes that the insurance coverage is
untuk menutupi kemungkinan kerugian atas adequate to cover possible losses on the
aset yang dipertanggungkan. assets insured.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the gross
jumlah tercatat bruto dari setiap aset tetap yang amount of fixed assets which have been fully
telah disusutkan penuh dan masih digunakan depreciated and still being used amounted to,
adalah masing-masing sebesar Rp1.632.816 Rp1,632,816 and Rp1,366,726, respectively.
dan Rp1.366.726.
Penambahan dan pengurangan aset tetap Additions and deductions of the Bank’s fixed
Bank pada tanggal 31 Desember 2024 dan assets as of December 31, 2024 and 2023,
2023 terutama terdiri dari perangkat keras mainly consists of computer hardware, ATM
komputer, mesin ATM, tanah, bangunan dan machines, land, buildings and motor vehicles
kendaraan bermotor yang digunakan untuk used for the Bank’s operational activities.
aktivitas operasional Bank.
132
770 2024 Annual Report
Page 773
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TETAP DAN ASET HAK-GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
b. Aset hak-guna b. Right-of-use Assets
Rekonsiliasi kelompok-kelompok utama aset The reconciliation of right-of-use assets by
hak-guna adalah sebagai berikut: major classifications were as follows:
31 Desember/December 31, 2024
Bangunan/ Kendaraan Bermotor / Sentra Data / Jumlah/
Premises Motor Vehicle Data centre Total
Nilai bruto Gross balance
Saldo awal 847.721 64.997 129.112 1.041.830 Beginning balance
Penambahan selama tahun berjalan 80.731 - - 80.731 Additions for the year
Penghentian selama tahun berjalan (75.721) (64.997) - (140.718) Termination for the year
Modifikasi selama tahun berjalan 10.294 - (294) 10.000 Modification for the year
Saldo akhir 863.025 - 128.818 991.843 Ending balance
Akumulasi penyusutan Accumulated depreciation
Saldo awal 239.870 51.943 68.135 359.948 Beginning balance
Penambahan selama tahun berjalan 136.441 13.054 23.309 172.804 Additions for the year
Penghentian selama tahun berjalan (75.721) (64.997) - (140.718) Termination for the year
Modifikasi selama tahun berjalan (2.542) - - (2.542) Modification for the year
Saldo akhir 298.048 - 91.444 389.492 Ending balance
Nilai buku neto 564.977 - 37.374 602.351 Net book value
31 Desember/December 31, 2023
Bangunan/ Kendaraan Bermotor / Sentra Data / Jumlah/
Premises Motor Vehicle Data centre Total
Nilai bruto Gross balance
Saldo awal 789.074 64.997 129.112 983.183 Beginning balance
Penambahan selama tahun berjalan 471.879 - - 471.879 Additions for the year
Penghentian selama tahun berjalan (413.465) - - (413.465) Termination for the year
Modifikasi selama tahun berjalan 233 - - 233 Modification for the year
Saldo akhir 847.721 64.997 129.112 1.041.830 Ending balance
Akumulasi penyusutan Accumulated depreciation
Saldo awal 466.709 38.891 44.728 550.328 Beginning balance
Penambahan selama tahun berjalan 186.300 13.052 23.407 222.759 Additions for the year
Penghentian selama tahun berjalan (413.239) - - (413.239) Termination for the year
Modifikasi selama tahun berjalan 100 - - 100 Modification for the year
Saldo akhir 239.870 51.943 68.135 359.948 Ending balance
Nilai buku neto 607.851 13.054 60.977 681.882 Net book value
133
2024 Annual Report PT Bank Maybank Indonesia Tbk 771
Page 774
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
15. ASET TETAP DAN ASET HAK GUNA (lanjutan) 15. FIXED ASSETS AND RIGHT-OF-USE ASSETS
(continued)
b. Aset hak-guna (lanjutan) b. Right-of-use Assets (continued)
Laporan laba rugi menyajikan saldo berikut Statement of profit or loss shows the following
berkaitan dengan sewa: amounts related to leases:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Beban penyusutan aset hak-guna: Depreciation expenses of right-of-use assets:
- Bangunan 136.443 186.300 Premises -
- Kendaraan bermotor 13.052 13.052 Motor vehicle -
- Sentra data 23.309 23.407 Data centre -
172.804 222.759
Beban bunga (Catatan 25): Interest expenses (Note 25):
- Bangunan 37.463 13.296 Premises -
- Kendaraan bermotor 468 1.446 Motor vehicle -
- Sentra data 3.544 5.343 Data centre -
41.475 20.085
Beban berkaitan dengan sewa jangka Expenses relating to short term leases
pendek (kurang dari 12 bulan) 13.795 17.010 (less than 12 months)
228.074 259.854
Penambahan dan pengurangan aset hak-guna Additions and deductions of the Bank’s right-
Bank pada tanggal 31 Desember 2024 dan of-use assets as of December 31, 2024 and
2023 terutama terdiri dari bangunan yang 2023 mainly consists of premises used for the
digunakan untuk aktivitas operasional Bank. Bank’s operational activities.
16. ASET TIDAK BERWUJUD 16. INTANGIBLE ASSETS
Aset tidak berwujud terdiri dari perangkat lunak dan Intangible assets consist of computer software and
goodwill. goodwill.
31 Desember/December 31
2024 2023
Perangkat lunak - neto 359.233 356.496 Computer software - net
Goodwill 7.128 7.128 Goodwill
366.361 363.624
134
772 2024 Annual Report
Page 775
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
16. ASET TIDAK BERWUJUD (lanjutan) 16. INTANGIBLE ASSETS (continued)
a. Perangkat lunak a. Computer software
31 Desember/December 31, 2024
Koreksi
translasi/
1 Januari/ Penambahan/ Pengurangan/ Translation 31 Desember/
14000000_02 January 1 Additions Disposals adjustment December 31
Perangkat lunak Computer software
Biaya perolehan 1.377.463 129.052 (9.833) 309 1.496.991 At cost
Akumulasi amortisasi (1.020.967) (116.830) 327 (288) (1.137.758) Accumulated amortization
Nilai buku neto 356.496 359.233 Net book value
31 Desember/December 31, 2023
Koreksi
translasi/
1 Januari/ Penambahan/ Pengurangan/ Translation Reklasifikasi/ 31 Desember/
14000000_02 January 1 Additions Disposals adjustment Reclassification December 31
Perangkat lunak Computer software
Biaya perolehan 1.133.229 180.294 (25.310) (318) 89.568 1.377.463 At cost
Akumulasi amortisasi (918.032) (88.352) 25.225 297 (40.105) (1.020.967) Accumulated amortization
Nilai buku neto 215.197 356.496 Net book value
Penambahan dan pengurangan aset tidak Additions and deductions of the Bank’s
berwujud Bank pada tanggal 31 Desember intangible assets as of December 31, 2024 and
2024 dan 2023 terutama terdiri dari perangkat 2023, mainly consists of software and licenses
lunak dan lisensi yang digunakan untuk used for the Bank and subsidiaries operational
aktivitas operasional Bank dan entitas anak. activities.
b. Goodwill b. Goodwill
Goodwill timbul dari akumulasi pembelian Goodwill arose from the accumulated purchase
50,03% dari jumlah saham yang dikeluarkan of 50.03% of the issued shares of the subsidiary
oleh entitas anak PT Wahana Ottomitra PT Wahana Ottomitra Multiartha Tbk (WOM)
Multiartha Tbk (WOM) (Catatan 1b). (Note 1b).
Sebelum tanggal 1 Januari 2011, goodwill yang Before January 1, 2011, goodwill from the
timbul dari akuisisi WOM sebesar Rp235.067 acquisition of WOM amounted to Rp235,067
diamortisasi menggunakan metode garis lurus, was amortized using straight line method, with
dengan pertimbangan atas estimasi manfaat consideration of the estimated economic value
ekonomis atas goodwill tersebut. Efektif tanggal of the goodwill. Starting January 1, 2011,
1 Januari 2011, sesuai PSAK 103 (Revisi 2009): according to SFAS 103 (Revision 2009):
Kombinasi Bisnis, goodwill tidak diamortisasi Business Combination, goodwill was not
tetapi diuji penurunan nilai setiap tahunnya. amortized anymore, but subject to impairment
Bank secara berkala melakukan evaluasi assessment annually. Bank periodically
terhadap penurunan nilai goodwill tersebut evaluates the goodwill impairment based on
sesuai PSAK 236: Penurunan Nilai Aset. SFAS 236: Impairment of Assets.
Goodwill sejumlah Rp7.128 merupakan hasil Goodwill amounting to Rp7,128 resulted from
bersih akumulasi amortisasi goodwill yang telah the net accumulated amortization of goodwill
dihentikan per tanggal 1 Januari 2011 sesuai which has been ceased as of January 1, 2011
dengan Ketentuan Transisi PSAK 103: in accordance to the Transition Rule SFAS 103:
Kombinasi Bisnis. Business Combinations.
Manajemen berpendapat tidak terdapat indikasi Management believes that there were no
penurunan nilai atas aset tidak berwujud yang indications of impairment in the value of
dimiliki Bank. intangible assets which are owned by the Bank.
135
2024 Annual Report PT Bank Maybank Indonesia Tbk 773
Page 776
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. BEBAN DIBAYAR DIMUKA DAN ASET LAIN- 17. PREPAYMENTS AND OTHER ASSETS
LAIN
31 Desember/December 31
2024 2023
Tagihan lainnya - neto 1.233.157 1.037.142 Other receivables - net
Piutang bunga - neto 1.047.538 1.001.571 Interests receivable - net
Agunan yang diambil alih - neto 781.806 764.941 Foreclosed assets - net
Uang muka pembelian aset tetap Advances payment for fixed assets
dan renovasi gedung 356.293 260.880 purchase and building renovation
Beban dibayar dimuka 307.682 128.326 Prepayments
Uang muka pembelian Advanced payment for computer
software komputer 291.318 136.532 software purchase
Beban ditangguhkan kredit 288.288 256.823 Deferred expense on loans
Beban ditangguhkan simpanan nasabah 83.080 65.774 Deferred expense on customer deposits
Setoran jaminan 57.844 93.808 Guarantee deposits
Tagihan card center dan Mastercard 24.075 15.442 Card center receivables and Mastercard
Properti terbengkalai - neto 20.088 25.930 Abandoned properties - net
Keanggotaan golf 15.587 14.646 Golf membership
Bea materai 12.118 13.163 Custom fees
Lain-lain - neto 116.107 67.921 Others - net
4.634.981 3.882.899
Pada tanggal 31 Desember 2024 dan 2023, beban As of December 31, 2024 and 2023, prepayments
dibayar dimuka dan aset lain-lain dengan pihak and other assets with related parties which is
berelasi yang berasal dari tagihan lainnya - neto derived from other receivables - net is amounted to
adalah masing-masing sebesar Rp146.128 dan Rp146,128 and Rp109,246, respectively (Note 44).
Rp109.246 (Catatan 44).
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Tagihan lainnya - neto termasuk pembayaran atas Other receivables - net including payment of tax
pemeriksaan pajak yang masih dalam proses audit which are still in objection or appeal processes
keberatan atau banding (Catatan 24); setoran margin (Note 24); margin deposit for derivative transaction
atas transaksi derivatif dan tagihan penyelesaian atas and settlement claims for marketable securities
penjualan efek-efek. sold.
Agunan yang diambil alih terutama terdiri dari tanah, Foreclosed assets are mainly comprised of land,
bangunan dan kendaraan bermotor. building and motor vehicle.
Beban dibayar di muka terutama terdiri dari pajak Prepayments are mainly comprised of prepaid tax,
dibayar dimuka, pemeliharaan aset tetap dan fixed assets maintenances and software
pemeliharaan perangkat lunak. maintenances.
136
774 2024 Annual Report
Page 777
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
17. BEBAN DIBAYAR DIMUKA DAN ASET LAIN- 17. PREPAYMENTS AND OTHER ASSETS
LAIN (lanjutan) (continued)
Properti terbengkalai - neto adalah aset tetap yang Abandoned properties - net are fixed assets held by
dimiliki Bank tetapi tidak digunakan untuk kegiatan the Bank but not used for its customary banking
usaha bank yang lazim. business.
Cadangan kerugian untuk properti terbengkalai untuk Allowance for possible losses on abandoned
tahun yang berakhir pada tanggal 31 Desember 2024 properties for the years ended December 31, 2024
dan 2023 masing-masing adalah sebesar Rp1.968. and 2023 amounted to Rp1,968.
Lain-lain - neto terutama terdiri dari tagihan transaksi Others - net are mainly comprised of receivables in
perbankan. relation to banking transactions.
Perubahan cadangan kerugian untuk agunan yang The changes in the allowance for possible losses on
diambil alih adalah sebagai berikut: foreclosed assets are as follows:
31 Desember/December 31
2024 2023
Saldo awal 165.294 137.483 Beginning balance
Penyisihan selama Provision during
tahun berjalan (Catatan 38) 18.263 52.346 the year (Note 38)
Penghapusan selama
tahun berjalan (11.624) (24.535) Write-off during the year
Saldo akhir 171.933 165.294 Ending balance
Perubahan cadangan kerugian penurunan nilai The changes in the allowance for impairment losses
untuk tagihan lainnya adalah sebagai berikut: on other receivables were as follows:
31 Desember/December 31
2024 2023
Saldo awal 85.115 73.525 Beginning balance
Penyisihan selama Provision during
tahun berjalan (Catatan 38) 1.947 12.040 the year (Note 38)
Penghapusan selama tahun
berjalan (8.177) (206) Write-off during the year
Selisih akibat perbedaan kurs 773 (244) Exchange rate differences
Saldo akhir 79.658 85.115 Ending balance
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian dan cadangan kerugian penurunan nilai telah possible losses and the allowance for impairment
memadai. losses are adequate.
137
2024 Annual Report PT Bank Maybank Indonesia Tbk 775
Page 778
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. LIABILITAS SEGERA 18. OBLIGATIONS DUE IMMEDIATELY
31 Desember/December 31
2024 2023
Rupiah Rupiah
Liabilitas pembelian aset tetap Liabilities related to purchase of fixed assets
dan perangkat lunak 200.936 268.411 and software
Utang dealer 165.768 138.158 Payables to dealers
Pemindahbukuan transaksi ATM 144.485 170.153 Transfer for ATM transactions
Titipan asuransi konsumen 109.967 96.498 Insurance advances from customers
Liabilitas penyelesaian transaksi Settlement liabilities for credit card
kartu kredit dan travel cheque 98.297 73.231 and travel cheque transactions
Liabilitas terkait kredit yang diberikan 48.678 84.445 Liabilities related to loan
Liabilitas terkait simpanan nasabah 30.099 46.565 Liabilities related to customers' deposits
Utang notaris dan pihak ketiga 16.284 16.147 Payables to notary and third parties
Titipan konsumen 12.771 13.410 Consumer advances
Liabilitas terkait transaksi syariah 10.066 7.331 Liabilities related to sharia transactions
Liabilitas penyelesaian transaksi ATM 6.959 8.025 Settlement liabilities for ATM transactions
Liabilitas premi asuransi nasabah 1.834 3.010 Liabilities related to customers' insurance premium
Liabilitas terkait Letter of Credit 26 Liabilities related to Letter of Credit
Liabilitas perbankan lainnya 181.327 97.620 Other banking liabilities
Sub-jumlah - Rupiah 1.027.471 1.023.030 Sub-total - Rupiah
Mata uang asing Foreign currencies
Liabilitas terkait Letter of Credit 14.523 13.884 Liabilities related to Letter of Credit
Liabilitas pembelian aset tetap Liabilities related to purchase of fixed assets
dan perangkat lunak 14.141 25.786 and software
Liabilitas terkait simpanan nasabah 3.404 5.009 Liabilities related to customers' deposits
Liabilitas terkait kredit yang diberikan 1.960 1.808 Liabilities related to loan
Liabilitas penyelesaian transaksi Settlement liabilities for credit card
kartu kredit dan travel cheque - 571 and travel cheque transactions
Liabilitas premi asuransi nasabah - 20 Liabilities related to customers' insurance premium
Liabilitas perbankan lainnya 9.076 6.490 Other banking liabilities
Sub-jumlah - Mata uang asing 43.104 53.568 Sub-total - Foreign currencies
Jumlah 1.070.575 1.076.598 Total
Pada tanggal 31 Desember 2024 dan 2023 terdapat As of December 31, 2024 and 2023, there were
transaksi dengan pihak berelasi masing-masing transactions with related parties amounted to
adalah sebesar Rp1.014 dan Rp1.775 (Catatan 44). Rp1,014 and Rp1,775, respectively (Note 44).
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Liabilitas pembelian aset tetap dan perangkat lunak Liabilities related to purchase of assets and
merupakan kewajiban sehubungan dengan software consist of liabilities related with the
pengadaan aset tetap dan software. procurement of fixed assets and software.
Utang dealer merupakan utang sehubungan dengan Payables to dealers are in connection with
transaksi pembelian kendaraan bermotor oleh purchases of vehicles by the subsidiaries for
entitas anak untuk pembiayaan konsumen. consumer financing.
Pemindahbukuan transaksi ATM terutama terdiri Transfer for ATM transaction mainly consist of
dari kewajiban sehubungan dengan adanya liabilities related to withdrawal and transfer
transaksi penarikan tunai dan pemindahbukuan transactions done by customers using other Bank's
yang dilakukan oleh nasabah Bank menggunakan ATM machine and ATM Bersama (including ATM
mesin ATM milik bank lain dan ATM Bersama Prima and ATM Xlink).
(termasuk ATM Prima dan ATM Xlink).
138
776 2024 Annual Report
Page 779
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
18. LIABILITAS SEGERA (lanjutan) 18. OBLIGATIONS DUE IMMEDIATELY (continued)
Titipan asuransi konsumen merupakan titipan premi Insurance advances from customers represent
asuransi dari konsumen entitas anak untuk insurance premium received from subsidiaries’
dibayarkan ke perusahaan asuransi sehubungan customers to be paid to insurance companies in
dengan transaksi pembiayaan konsumen. relation to consumer financing transactions.
Liabilitas penyelesaian transaksi kartu kredit dan Settlement liabilities for credit card and travel
travel cheque terutama terdiri dari liabilitas kepada cheque transactions mainly consist of payables to
merchant kartu kredit yang belum diselesaikan dan credit card merchants and outstanding travel
travel cheque yang masih beredar. cheques.
Liabilitas terkait kredit yang diberikan merupakan Liabilities related to loan consist of other transaction
transaksi lainnya yang terkait dengan kewajiban related to obligation of loan (including insurance
pada bagian kredit (termasuk premi asuransi yang premium paid by debtors that have not been
dibayar oleh debitur yang belum disetor pada deposited to the insurance company).
perusahaan asuransi).
Liabilitas terkait simpanan nasabah merupakan Liabilities related to customers' deposits are related
transaksi yang terkait dengan kewajiban to liabilities on the savings and time of deposits.
sehubungan dengan Tabungan dan Deposito.
Utang notaris dan pihak ketiga merupakan transaksi Payables to notary and third parties are related to
yang terkait dengan pemakaian jasa notaris dan the use of notary services and procurement of goods
pengadaan barang atau jasa. or services.
Titipan konsumen merupakan utang yang timbul Consumers’ advances represent payables in
sehubungan dengan penerimaan angsuran dari connection with the installment payment from
konsumen dan penerimaan penjualan agunan yang customers and cash received from sales of
diambil alih yang belum diselesaikan. foreclosed assets that have not been settled.
Liabiltas terkait transaksi syariah merupakan Liabilities related to sharia transactions are related
transaksi yang terkait dengan pembiayaan syariah to sharia financing transactions and payment of
dan pembayaran dana sosial atau denda oleh social funds or fines by customers (Ta’Widh).
nasabah (Ta’Widh).
Liabilitas penyelesaian transaksi ATM terutama Statement liabilities for ATM transaction mainly
terdiri dari kewajiban pada bank lain terkait dengan consist of liabilities to other Banks related to card
penyelesaian transaksi kartu menggunakan mesin transactions settlement using EDC machine through
EDC melalui jaringan Prima dan ALTO. Prima and ALTO network.
Liabilitas premi asuransi nasabah merupakan Liabilities of customers' insurance premium are in
transaksi sehubungan dengan pembayaran premi connection with the payment of customers'
asuransi oleh nasabah. insurance.
Liabilitas terkait Letter of Credit merupakan Liabilities related to Letter of Credit are in connection
transaksi yang terkait dengan kewajiban produk with liabilities to Letter of Credit product.
Letter of Credit.
Liabilitas perbankan lainnya terutama terdiri dari Other banking liabilities mainly consist of
transaksi yang masih dalam proses, liabilitas segera transactions, which are still in process, other
lainnya dan kewajiban penyelesaian atas pembelian obligations due immediately and settlement
efek-efek. obligation for marketable securities purchased.
139
2024 Annual Report PT Bank Maybank Indonesia Tbk 777
Page 780
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. SIMPANAN NASABAH 19. DEPOSITS FROM CUSTOMERS
31 Desember/December 31
2024 2023
Pihak berelasi (Catatan 44) Related parties (Note 44)
Giro 280.192 242.713 Demand deposits
Tabungan 34.093 41.843 Savings deposits
Deposito berjangka 90.013 123.003 Time deposits
404.298 407.559
Pihak ketiga Third parties
Giro 39.319.637 35.510.420 Demand deposits
Tabungan 23.268.245 23.201.387 Savings deposits
Deposito berjangka 56.011.711 56.383.142 Time deposits
118.599.593 115.094.949
119.003.891 115.502.508
Informasi mengenai transaksi dengan pihak berelasi Information on related parties and maturities are
dan jatuh tempo diungkapkan masing-masing pada disclosed in Notes 44 and 54, respectively.
Catatan 44 dan 54.
a. Giro a. Demand deposits
31 Desember/December 31
2024 2023
Pihak berelasi Related parties
Rupiah 273.550 214.521 Rupiah
Mata uang asing 6.642 28.192 Foreign currencies
280.192 242.713
Pihak ketiga Third parties
Rupiah 27.161.987 21.396.423 Rupiah
Mata uang asing 12.157.650 14.113.997 Foreign currencies
39.319.637 35.510.420
39.599.829 35.753.133
Tingkat bunga rata-rata per tahun: Average interest rates per annum:
December 31/December 31
2024 2023
Rupiah 3,30% 2,83% Rupiah
Mata uang asing 2,49% 1,65% Foreign currencies
Saldo giro yang diblokir atau dijadikan jaminan Total demand deposits which are blocked or
kredit pada 31 Desember 2024 adalah sebesar under lien as of December 31, 2024 amounted
Rp1.890.474 (31 Desember 2023: to Rp1,890,474 (December 31, 2023:
Rp1.063.422). Rp1,063,422).
140
778 2024 Annual Report
Page 781
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
a. Giro (lanjutan) a. Demand deposits (continued)
Pada 31 Desember 2024, jumlah giro Wadiah As of December 31, 2024, total Wadiah demand
yang dikelola oleh unit Syariah Bank untuk deposits managed by the Bank’s Sharia unit in
Rupiah dan mata uang asing masing-masing Rupiah and foreign currencies amounted to
sebesar Rp1.154.997 dan Rp73.854 Rp1,154,997 and Rp73,854 (December 31,
(31 Desember 2023: Rp756.959 dan Rp12.928) 2023: Rp756,959 and Rp12,928) and for
dan giro Mudharabah masing-masing sebesar Mudharabah demand deposit amounted to
Rp6.043.649 dan Rp2.216.504 (31 Desember Rp6,043,649 and Rp2,216,504 (December 31,
2023: Rp4.249.051 dan Rp3.561.244). 2023: Rp4,249,051 and Rp3,561,244),
respectively.
b. Tabungan b. Savings deposits
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2024 2023
Pihak berelasi Related parties
Rupiah 30.235 37.323 Rupiah
Mata uang asing 3.858 4.520 Foreign currencies
34.093 41.843
Pihak ketiga Third parties
Rupiah 20.470.456 20.022.092 Rupiah
Mata uang asing 2.797.789 3.179.295 Foreign currencies
23.268.245 23.201.387
23.302.338 23.243.230
(ii) Berdasarkan jenis: (ii) By type:
31 Desember/December 31
2024 2023
Rupiah Rupiah
Pendidikan 216.745 389.963 Education
Syariah 10.289.303 9.005.858 Sharia
Lain-lain 9.994.643 10.663.594 Others
20.500.691 20.059.415
Mata uang asing Foreign currencies
Pendidikan 3.528 5.526 Education
Syariah 460.102 467.416 Sharia
Lain-lain 2.338.017 2.710.873 Others
2.801.647 3.183.815
23.302.338 23.243.230
141
2024 Annual Report PT Bank Maybank Indonesia Tbk 779
Page 782
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
b. Tabungan (lanjutan) b. Savings deposits (continued)
(iii) Tingkat bunga rata-rata per tahun: (iii) Average interest rates per annum:
December 31/December 31
2024 2023
Rupiah 1,31% 1,10% Rupiah
Mata uang asing 0,42% 0,32% Foreign currencies
Saldo tabungan yang diblokir atau dijadikan Total savings deposits which are blocked or
jaminan kredit pada 31 Desember 2024 adalah under lien as of December 31, 2024 amounted
sebesar Rp2.128 (31 Desember 2023: to Rp2,128 (December 31, 2023: Rp1,640).
Rp1.640).
Pada 31 Desember 2024, jumlah tabungan As of December 31, 2024, total Mudharabah
Mudharabah yang dikelola oleh unit Syariah Bank savings deposits managed by the Bank’s Sharia
untuk Rupiah dan mata uang asing masing- unit in Rupiah and foreign currencies amounted
masing sebesar Rp10.170.910 dan Rp456.983 to Rp10,170,910 and Rp456,983 (December 31,
(31 Desember 2023: Rp8.890.186 dan 2023: Rp8,890,186 and Rp463,042) and for
Rp463.042) dan tabungan Wadiah masing- Wadiah savings deposit amounted to Rp118,393
masing sebesar Rp118.393 dan Rp3.119 (31 and Rp3,119 (December 31, 2023: Rp115,672
Desember 2023: Rp115.672 dan Rp4.374). and Rp4,374), respectively.
c. Deposito berjangka c. Time deposits
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2024 2023
Pihak berelasi Related parties
Rupiah 71.145 111.815 Rupiah
Mata uang asing 18.868 11.188 Foreign currencies
90.013 123.003
Pihak ketiga Third parties
Rupiah 43.163.897 46.353.191 Rupiah
Mata uang asing 12.847.814 10.029.951 Foreign currencies
56.011.711 56.383.142
56.101.724 56.506.145
142
780 2024 Annual Report
Page 783
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
c. Deposito berjangka (lanjutan) c. Time deposits (continued)
(ii) Berdasarkan periode deposito berjangka: (ii) Based on period of time deposits:
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 15.451.593 19.038.527 ≤ 1 month
> 1 bulan - 3 bulan 15.351.435 14.921.565 > 1 month - 3 months
> 3 bulan - 6 bulan 7.792.693 6.495.077 > 3 months - 6 months
> 6 bulan - 12 bulan 4.613.705 5.996.666 > 6 months - 12 months
> 12 bulan 25.616 13.171 > 12 months
43.235.042 46.465.006
Mata uang asing Foreign currencies
≤ 1 bulan 5.034.766 5.650.824 ≤ 1 month
> 1 bulan - 3 bulan 3.876.704 2.386.170 > 1 month - 3 months
> 3 bulan - 6 bulan 2.331.056 969.164 > 3 months - 6 months
> 6 bulan - 12 bulan 1.620.283 1.025.208 > 6 months - 12 months
> 12 bulan 3.873 9.773 > 12 months
12.866.682 10.041.139
56.101.724 56.506.145
(iii) Berdasarkan sisa umur sampai dengan (iii) Based on remaining period until maturity:
saat jatuh tempo:
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 21.009.018 23.352.529 ≤ 1 month
> 1 bulan - 3 bulan 14.666.689 14.073.788 > 1 month - 3 months
> 3 bulan - 6 bulan 4.847.321 5.210.749 > 3 months - 6 months
> 6 bulan - 12 bulan 2.688.254 3.823.548 > 6 months - 12 months
> 12 bulan 23.760 4.392 > 12 months
43.235.042 46.465.006
Mata uang asing Foreign currencies
≤ 1 bulan 6.644.741 6.276.698 ≤ 1 month
> 1 bulan - 3 bulan 3.824.676 2.546.387 > 1 month - 3 months
> 3 bulan - 6 bulan 1.504.004 682.121 > 3 months - 6 months
> 6 bulan - 12 bulan 891.335 526.160 > 6 months - 12 months
> 12 bulan 1.926 9.773 > 12 months
12.866.682 10.041.139
56.101.724 56.506.145
143
2024 Annual Report PT Bank Maybank Indonesia Tbk 781
Page 784
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
19. SIMPANAN NASABAH (lanjutan) 19. DEPOSITS FROM CUSTOMERS (continued)
c. Deposito berjangka (lanjutan) c. Time deposits (continued)
(iv) Tingkat bunga rata-rata per tahun: (iv) Average interest rates per annum:
December 31/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 3,43% 3,21% ≤ 1 month
> 1 bulan - 3 bulan 4,39% 4,08% > 1 month - 3 months
> 3 bulan - 6 bulan 4,56% 3,95% > 3 months - 6 months
> 6 bulan - 12 bulan 4,11% 3,86% > 6 months - 12 months
> 12 bulan 3,55% 3,05% > 12 months
Mata uang asing Foreign currencies
≤ 1 bulan 1,39% 0,80% ≤ 1 month
> 1 bulan - 3 bulan 1,97% 0,94% > 1 month - 3 months
> 3 bulan - 6 bulan 2,30% 1,00% > 3 months - 6 months
> 6 bulan - 12 bulan 2,59% 1,57% > 6 months - 12 months
> 12 bulan 2,38% 3,97% > 12 months
Saldo deposito berjangka yang diblokir Total time deposits which are blocked or under
atau dijadikan jaminan kredit pada lien as of December 31, 2024 amounted to
31 Desember 2024 adalah sebesar Rp6,684,289 (December 31, 2023:
Rp6.684.289 (31 Desember 2023: Rp6,419,066).
Rp6.419.066).
Pada 31 Desember 2024, jumlah deposito As of December 31, 2024, total Mudharabah
Mudharabah yang dikelola oleh unit Syariah time deposits managed by the Bank’s Sharia
Bank dalam Rupiah dan mata uang asing unit in Rupiah and foreign currencies amounted
adalah masing-masing sebesar Rp13.754.031 to Rp13,754,031 and Rp2,791,250 (December
dan Rp2.791.250 (31 Desember 2023: 31, 2023: Rp15,589,311 and Rp1,431,273),
Rp15.589.311 dan Rp1.431.273). respectively.
144
782 2024 Annual Report
Page 785
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SIMPANAN DARI BANK LAIN 20. DEPOSITS FROM OTHER BANKS
31 Desember/December 31
2024 2023
Pihak berelasi (Catatan 44) Related parties (Note 44)
Giro 1.949.263 1.439.158 Demand deposits
Call money 965.700 - Call money
2.914.963 1.439.158
Pihak ketiga Third parties
Giro 658.332 967.558 Demand deposits
Tabungan 11.674 7.517 Saving deposits
Deposito berjangka 478.293 926.281 Time deposits
Call money 1.956.995 1.442.382 Call money
3.105.294 3.343.738
6.020.257 4.782.896
Informasi mengenai transaksi dengan pihak Information on related parties and maturities are
berelasi dan jatuh tempo diungkapkan masing- disclosed in Notes 44 and 54, respectively.
masing pada Catatan 44 dan 54.
a. Giro dari bank lain a. Demand deposits from other banks
31 Desember/December 31
2024 2023
Pihak berelasi Related parties
Rupiah 945.792 490.105 Rupiah
Mata uang asing 1.003.471 949.053 Foreign currencies
1.949.263 1.439.158
Pihak ketiga Third parties
Rupiah 584.520 886.021 Rupiah
Mata uang asing 73.812 81.537 Foreign currencies
658.332 967.558
2.607.595 2.406.716
Pada tanggal 31 Desember 2024, jumlah giro As of December 31, 2024, total Wadiah
Wadiah yang dikelola oleh unit Syariah Bank demand deposits managed by the Bank’s
untuk Rupiah dan mata uang asing masing- Sharia unit in Rupiah and foreign currencies
masing sebesar Rp2.172 dan RpNihil amounted to Rp2,172 and RpNil
(31 Desember 2023: Rp302 dan RpNihil) dan (December 31, 2023: Rp302 and RpNil) and for
giro Mudharabah untuk Rupiah dan mata asing Mudharabah demand deposit in Rupiah and
adalah Rp1.862 dan Rp8.868 (31 Desember foreign currencies amounted to Rp1,862 and
2023: Rp324 dan Rp16.975). Rp8,868 (December 31, 2023: to Rp324 and
Rp16,975), respectively.
145
2024 Annual Report PT Bank Maybank Indonesia Tbk 783
Page 786
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
a. Giro dari bank lain (lanjutan) a. Demand deposits from other banks
(continued)
Tingkat bunga rata-rata per tahun: Average interest rates per annum:
December 31/December 31
2024 2023
Rupiah 1,65% 1,44% Rupiah
Mata uang asing 1,68% 0,49% Foreign currencies
Tidak ada saldo giro dari bank lain yang There were no demand deposits from other
diblokir atau dijadikan jaminan kredit pada banks which were blocked or held under lien as
31 Desember 2024 dan 2023. of December 31, 2024 and 2023.
b. Tabungan dari bank lain b. Saving deposits from other banks
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2024 2023
Pihak ketiga Third parties
Rupiah 11.674 7.517 Rupiah
(ii) Berdasarkan jenis: (ii) By type:
31 Desember/December 31
2024 2023
Rupiah Rupiah
Lainnya 11.674 7.517 Others
(iii) Tingkat bunga rata-rata per tahun: (iii) Average interest rates per annum:
December 31/December 31
2024 2023
Rupiah 2,82% 2,84% Rupiah
146
784 2024 Annual Report
Page 787
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
c. Deposito berjangka dari bank lain c. Time deposits from other banks
(i) Berdasarkan mata uang dan pihak (i) By currency and related party:
berelasi:
31 Desember/December 31
2024 2023
Pihak ketiga Third parties
Rupiah 253.462 242.908 Rupiah
Mata uang asing 224.831 683.373 Foreign currencies
478.293 926.281
(ii) Berdasarkan periode deposito berjangka: (ii) Based on period of time deposits:
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 170.729 14.125 ≤ 1 month
> 1 bulan - 3 bulan 35.000 131.150 > 1 month - 3 months
> 3 bulan - 6 bulan 2.500 2.500 > 3 months - 6 months
> 6 bulan - 12 bulan 45.233 95.133 > 6 months - 12 months
253.462 242.908
Mata uang asing Foreign currencies
≤ 1 bulan - 1.511 ≤ 1 month
> 1 bulan - 3 bulan - 109.542 > 1 month - 3 months
> 6 bulan - 12 bulan 224.831 572.320 > 6 months - 12 months
224.831 683.373
478.293 926.281
(iii) Berdasarkan sisa umur sampai dengan (iii) Based on the remaining period until maturity:
saat jatuh tempo:
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 155.627 29.125 ≤ 1 month
> 1 bulan - 3 bulan 58.271 141.977 > 1 month - 3 months
> 3 bulan - 6 bulan 12.500 15.640 > 3 months - 6 months
> 6 bulan - 12 bulan 27.064 56.166 > 6 months - 12 months
253.462 242.908
Mata uang asing Foreign currencies
≤ 1 bulan - 1.511 ≤ 1 month
> 1 bulan - 3 bulan - 109.542 > 1 month - 3 months
> 6 bulan - 12 bulan 224.831 572.320 > 6 months - 12 months
224.831 683.373
478.293 926.281
147
2024 Annual Report PT Bank Maybank Indonesia Tbk 785
Page 788
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
c. Deposito berjangka dari bank lain (lanjutan) c. Time deposits from other banks (continued)
(iv) Tingkat bunga rata-rata per tahun: (iv) Average interest rates per annum:
December 31/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 4,26% 3,15% ≤ 1 month
> 1 bulan - 3 bulan 4,50% 3,81% > 1 month - 3 months
> 3 bulan - 6 bulan 4,00% 4,00% > 3 months - 6 months
> 6 bulan - 12 bulan 3,14% 2,92% > 6 months - 12 months
Mata uang asing Foreign currencies
> 1 bulan - 3 bulan - 0,10% > 1 month - 3 months
> 6 bulan - 12 bulan 3,00% 3,35% > 6 months - 12 months
Tidak ada saldo deposito berjangka dari bank There were no time deposits from other
lain yang diblokir atau dijadikan jaminan kredit banks which are blocked or under lien as of
pada 31 Desember 2024 dan 2023. December 31, 2024 and 2023.
Pada 31 Desember 2024 dan 2023, jumlah As of December 31, 2024 and 2023, total
deposito Mudharabah yang dikelola oleh unit Mudharabah time deposits managed by the
Syariah Bank mempunyai nilai masing-masing Bank’s Sharia unit amounted to Rp58,660 and
sebesar Rp58.660 an Rp58.224. Rp58,224, respectively.
d. Call money d. Call money
(i) Berdasarkan mata uang dan pihak berelasi: (i) Based on currency and related party:
31 Desember/December 31
2024 2023
Rupiah Rupiah
Pihak ketiga Third parties
PT BPD Jawa Tengah 400.000 - PT BPD Jawa Tengah
PT Citibank N.A. 225.000 - PT Citibank N.A.
PT Bank DKI 200.000 - PT Bank DKI
PT Bank Sinarmas Tbk 200.000 - PT Bank Sinarmas Tbk
PT Bank Rakyat PT Bank Rakyat
Indonesia (Persero) Tbk 175.000 - Indonesia (Persero) Tbk
PT BPD DIY 175.000 - PT BPD DIY
The Bank of Tokyo-Mitsubishi, Ltd 150.000 - The Bank of Tokyo-Mitsubishi, Ltd
PT Bank Hibank Indonesia 150.000 - PT Bank Hibank Indonesia
PT Bank SMBC Indonesia Tbk 100.000 - PT Bank SMBC Indonesia Tbk
Bank of China 75.000 - Bank of China
PT Bank Multiarta Sentosa 60.000 - PT Bank Multiarta Sentosa
PT Bank Mizuho Indonesia - 650.000 PT Bank Mizuho Indonesia
PT BPD Kalimantan Timur - 300.000 PT BPD Kalimantan Timur
PT BPD Bali - 300.000 PT BPD Bali
PT Bank DBS Indonesia - 100.000 PT Bank DBS Indonesia
Sub jumlah - Rupiah 1.910.000 1.350.000 Sub total - Rupiah
148
786 2024 Annual Report
Page 789
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
20. SIMPANAN DARI BANK LAIN (lanjutan) 20. DEPOSITS FROM OTHER BANKS (continued)
d. Call money (lanjutan) d. Call money (continued)
(i) Berdasarkan mata uang dan pihak berelasi (i) Based on currency and related party
(lanjutan): (continued):
31 Desember/December 31
2024 2023
Mata Uang Asing Foreign currencies
Pihak berelasi Related parties
Malayan Banking Berhard 965.700 - Malayan Banking Berhard
Pihak ketiga Third parties
South Indian Bank Ltd 46.995 - South Indian Bank Ltd
PT Bank Ganesha Tbk - 92.382 PT Bank Ganesha Tbk
46.995 92.382
Sub jumlah - Mata uang asing 1.012.695 92.382 Sub total - Foreign currencies
2.922.695 1.442.382
(ii) Berdasarkan periode call money: (ii) By period of call money:
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 1.910.000 1.350.000 ≤ 1 month
Mata uang asing Foreign currencies
≤ 1 bulan - 92.382 ≤ 1 month
> 1 bulan - 3 bulan 1.012.695 - > 1 month - 3 months
1.012.695 92.382
2.922.695 1.442.382
(iii) Berdasarkan sisa umur sampai dengan (iii) Based on remaining period until maturity:
saat jatuh tempo:
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 1.910.000 1.350.000 ≤ 1 month
Mata uang asing Foreign currencies
≤ 1 bulan 965.700 92.382 ≤ 1 month
> 1 bulan - 3 bulan 46.995 - > 1 month - 3 months
1.012.695 92.382
2.922.695 1.442.382
(iv) Tingkat bunga rata-rata per tahun: (iv) Average interest rate per annum:
December 31/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 6,43% 6,16% ≤ 1 month
Mata uang asing Foreign currencies
≤ 1 bulan - 6,66% ≤ 1 month
≤>11bulan
bulan - 3 bulan 7,27% - > 1 month - 3 months
149
2024 Annual Report PT Bank Maybank Indonesia Tbk 787
Page 790
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. EFEK-EFEK YANG DIJUAL DENGAN JANJI 21. SECURITIES SOLD UNDER REPURCHASED
DIBELI KEMBALI AGREEMENTS
31 Desember/December 31, 2024
Suku bunga Nilai pembelian Beban bunga yang
Tanggal jatuh per tahun/ Nilai jual/ kembali/ belum diamortisasi/
Nasabah/ Jenis efek-efek/ Nilai nominal/ Tanggal dimulai/ tempo/ Interest rate Sale Purchase Unamortized Nilai tercatat/
Counterparty Type of securities Nominal amount Starting date Due date per annum amount amount interest Carrying value
Pihak ketiga/Third parties
Rupiah/Rupiah
Sekuritas Rupiah Bank Indonesia/ 19 Desember/ 2 Januari/
Bank Indonesia Bank Indonesia Rupiah Securities 250.000 December 19, 2024 January 2, 2025 6,40% 242.008 242.610 (43) 242.567
Sekuritas Rupiah Bank Indonesia/ 27 Desember/ 3 Januari/
Bank Indonesia Bank Indonesia Rupiah Securities 2.900.000 December 27, 2024 January 3, 2025 6,25% 2.825.644 2.829.078 (981) 2.828.097
Sekuritas Rupiah Bank Indonesia/ 31 Desember/ 7 Januari/
Bank Indonesia Bank Indonesia Rupiah Securities 2.600.000 December 31, 2024 January 7, 2025 6,25% 2.520.718 2.523.783 (2.625) 2.521.158
Obligasi Pemerintah FR80/ 31 Desember/ 7 Januari/
Bank Indonesia Government Bonds FR80 900.000 December 31, 2024 January 7, 2025 6,25% 860.559 861.605 (896) 860.709
Sekuritas Rupiah Bank Indonesia/ 30 Desember/ 6 Januari/
Bank Indonesia Bank Indonesia Rupiah Securities 2.500.000 December 30, 2024 January 6, 2025 6,25% 2.474.695 2.477.703 (2.149) 2.475.554
Obligasi Pemerintah FR59/ 30 Desember/ 6 Januari/
Bank Indonesia Government Bonds FR59 430.000 December 30, 2024 January 6, 2025 6,25% 411.799 412.299 (357) 411.942
Sekuritas Rupiah Bank Indonesia/ 30 Desember/ 13 Januari/
Bank Indonesia Bank Indonesia Rupiah Securities 400.000 December 30, 2024 January 13, 2025 6,40% 387.561 388.525 (827) 387.698
Obligasi Pemerintah FR84/ 18 Desember/ 2 Januari/
PT Bank SMBC Indonesia Tbk Government Bonds FR84 10.000 December 18, 2024 January 2, 2025 6,45% 9.795 9.822 (2) 9.820
Obligasi Pemerintah FR91/ 31 Desember/ 14 Januari/
PT Bank SMBC Indonesia Tbk Government Bonds FR91 20.000 December 31, 2024 January 14, 2025 6,45% 18.053 18.098 (42) 18.056
Obligasi Pemerintah FR90/ 18 Desember/ 2 Januari/
PT Bank Central Asia Tbk Government Bonds FR90 100.000 December 18, 2024 January 2, 2025 6,45% 92.205 92.453 (17) 92.436
Obligasi Pemerintah FR96/ 19 Desember/ 2 Januari/
PT Bank Danamon Tbk Government Bonds FR96 250.000 December 19, 2024 January 2, 2025 6,45% 236.182 236.774 (42) 236.732
Obligasi Pemerintah FR90/ 30 Desember/ 13 Januari/
PT Bank Danamon Tbk Government Bonds FR90 200.000 December 30, 2024 January 13, 2025 6,45% 183.910 184.372 (396) 183.976
Obligasi Pemerintah FR96/ 31 Desember/ 14 Januari/
PT Bank Danamon Tbk Government Bonds FR96 200.000 December 31, 2024 January 14, 2025 6,45% 189.620 190.096 (442) 189.654
Obligasi Pemerintah FR84/ 5 Desember/ 2 Januari/
PT Bank Mandiri (Persero) Tbk Government Bonds FR84 200.000 December 5, 2024 January 2, 2025 6,55% 196.149 197.148 (36) 197.112
Sekuritas Rupiah Bank Indonesia/ 9 Desember/ 6 Januari/
PT Bank Mandiri (Persero) Tbk Bank Indonesia Rupiah Securities 500.000 December 9, 2024 January 6, 2025 6,55% 482.382 484.840 (439) 484.401
Obligasi Pemerintah FR98/ 12 Desember/ 13 Januari/
PT Bank Mandiri (Persero) Tbk Government Bonds FR98 75.000 December 12, 2024 January 13, 2025 6,55% 72.527 72.949 (158) 72.791
Obligasi Pemerintah FR90/ 16 Desember/ 13 Januari/
PT Bank Mandiri (Persero) Tbk Government Bonds FR90 500.000 December 16, 2024 January 13, 2025 6,55% 459.965 462.308 (1.004) 461.304
Obligasi Pemerintah FR96/ 19 Desember/ 2 Januari/
PT Bank Mandiri (Persero) Tbk Government Bonds FR96 150.000 December 19, 2024 January 2, 2025 6,45% 141.709 142.065 (26) 142.039
Obligasi Pemerintah FR75/ 20 Desember/ 17 Januari/
PT Bank Mandiri (Persero) Tbk Government Bonds FR75 400.000 December 20, 2024 January 17, 2025 6,55% 384.120 386.077 (1.118) 384.959
Obligasi Pemerintah FR90/ 23 Desember/ 20 Januari/
PT Bank Mandiri (Persero) Tbk Government Bonds FR90 150.000 December 23, 2024 January 20, 2025 6,55% 144.102 144.837 (499) 144.338
Obligasi Pemerintah FR90/ 12 Desember/ 9 Januari/
PT Bank Negara Indonesia Tbk Government Bonds FR90 150.000 December 12, 2024 January 9, 2025 6,55% 137.970 138.672 (201) 138.471
Obligasi Pemerintah FR82/ 12 Desember/ 9 Januari/
PT Bank Negara Indonesia Tbk Government Bonds FR82 50.000 December 12, 2024 January 9, 2025 6,55% 47.253 47.494 (69) 47.425
Obligasi Pemerintah FR68/ 24 Desember/ 7 Januari/
PT OCBC NISP Tbk Government Bonds FR68 50.000 December 24, 2024 January 7, 2025 6,50% 51.720 51.851 (56) 51.795
Obligasi Pemerintah FR83/ 27 Desember/ 10 Januari/
PT OCBC NISP Tbk Government Bonds FR83 50.000 December 27, 2024 January 10, 2025 6,50% 48.772 48.895 (79) 48.816
Obligasi Pemerintah FR87/ 30 Desember/ 13 Januari/
PT Bank Permata Tbk Government Bonds FR87 450.000 December 30, 2024 January 13, 2025 6,45% 414.062 415.101 (891) 414.210
Obligasi Pemerintah FR100/ 21 November/ 20 Januari/
JPMorgan Chase Bank Cabang Jakarta Government Bonds FR100 500.000 November 21, 2024 January 20, 2025 6,10% 462.823 467.450 (1.490) 465.960
Obligasi Pemerintah FR101/ 26 November/ 30 Januari/
JPMorgan Chase Bank Cabang Jakarta Government Bonds FR101 200.000 November 26, 2024 January 30, 2025 6,10% 192.367 194.485 (945) 193.540
Obligasi Pemerintah FR100/ 5 Desember/ 6 Januari/
JPMorgan Chase Bank Cabang Jakarta Government Bonds FR100 350.000 December 5, 2024 January 6, 2025 6,10% 324.497 326.257 (275) 325.982
Obligasi Pemerintah FR101/ 23 Desember/ 6 Januari/
JPMorgan Chase Bank Cabang Jakarta Government Bonds FR101 110.000 December 23, 2024 January 6, 2025 6,00% 105.565 105.811 (88) 105.723
Obligasi Pemerintah FR86/ 23 Desember/ 7 Januari/
Bank National Nobu Government Bonds FR86 500.000 December 23, 2024 January 7, 2025 6,60% 471.029 472.324 (518) 471.806
Sekuritas Rupiah Bank Indonesia/ 30 Desember/ 6 Januari/
Bank National Nobu Bank Indonesia Rupiah Securities 200.000 December 30, 2024 January 6, 2025 6,30% 193.947 194.185 (170) 194.015
Jumlah/Total 15.345.000 14.783.708 14.819.967 (16.881) 14.803.086
150
788 2024 Annual Report
Page 791
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
21. EFEK-EFEK YANG DIJUAL DENGAN JANJI 21. SECURITIES SOLD UNDER REPURCHASED
DIBELI KEMBALI AGREEMENTS
31 Desember/December 31, 2023
Suku bunga Nilai pembelian Beban bunga yang
Tanggal jatuh per tahun/ Nilai jual/ kembali/ belum diamortisasi/
Nasabah/ Jenis efek-efek/ Nilai nominal/ Tanggal dimulai/ tempo/ Interest rate Sale Purchase Unamortized Nilai tercatat/
Counterparty Type of securities Nominal amount Starting date Due date per annum amount amount interest Carrying value
Pihak ketiga/Third parties
Rupiah/Rupiah
Obligasi Pemerintah FR100/ 6 Desember/ 8 Januari/
PT Bank Central Asia Tbk Government Bonds FR100 500.000 December 6, 2023 January 8, 2024 6,60% 473.297 476.160 (781) 475.379
Obligasi Pemerintah FR90/ 21 December/ 4 Januari/
PT Bank Nationalnobu Tbk Government Bonds FR90 200.000 December 21, 2023 January 4, 2024 6,55% 184.421 184.891 (168) 184.723
Obligasi Pemerintah FR90/ 22 December/ 22 Maret/
PT Bank BNP Paribas Indonesia Government Bonds FR90 400.000 December 22, 2023 March 22, 2024 6,35% 346.015 351.569 (5.066) 346.503
Sekuritas Rupiah Bank Indonesia/ 22 December/ 5 Januari/
Bank Indonesia Bank Indonesia Rupiah Securities 750.000 December 22, 2023 January 5, 2024 6,70% 716.110 717.976 (800) 717.176
Obligasi Pemerintah FR59/ 22 December/ 5 Januari/
Bank Indonesia Government Bonds FR59 250.000 December 22, 2023 January 5, 2024 6,70% 242.921 243.554 (271) 243.283
Sub-jumlah/Sub-total - Rupiah 2.100.000 1.962.764 1.974.150 (7.086) 1.967.064
Mata uang asing/
Foreign currencies
Surat Berharga Negara/ 29 December/ 1 Januari/
Clearing Corporation of India Limited Sovereign Securities 49.999 December 29, 2023 January 1, 2024 6,77% 49.999 49.999 - 49.999
Jumlah/Total 2.149.999 2.012.763 2.024.149 (7.086) 2.017.063
Pada tanggal 31 Desember 2024 dan 2023 tidak As of December 31, 2024 and 2023, there were no
terdapat transaksi dengan pihak berelasi. transaction with related parties.
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Nilai wajar dari efek yang dijual dengan janji dibeli The fair value of securities sold under repurchased
kembali pada tanggal 31 Desember 2024 dan 2023 agreements as of December 31, 2024 and 2023
adalah masing-masing sebesar Rp14.469.530 dan amounted to Rp14,469,530 and Rp2,051,000
Rp2.051.000 yang disajikan di Laporan Posisi respectively, which is presented in the Consolidated
Keuangan Konsolidasian sebagai bagian dari Statements of Financial Position as “Financial
“Investasi Keuangan” (Catatan 9). Investment” (Note 9).
151
2024 Annual Report PT Bank Maybank Indonesia Tbk 789
Page 792
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED
a. Berdasarkan mata uang dan pihak berelasi a. By currency and related party
31 Desember/December 31
2024 2023
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi MIF 47.991 71.424 Bonds MIF
Obligasi Berkelanjutan Bank Shelf Bonds Bank
Maybank Indonesia 3.996 4.985 Maybank Indonesia
51.987 76.409
Pihak ketiga Third parties
Obligasi Berkelanjutan WOM 2.116.119 1.536.253 Shelf Bonds WOM
Obligasi MIF 851.154 1.549.200 Bonds MIF
Obligasi Berkelanjutan Bank Shelf Bonds Bank
Maybank Indonesia 694.490 1.060.319 Maybank Indonesia
3.661.763 4.145.772
3.713.750 4.222.181
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia
31 Desember/December 31, 2024
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi Berkelanjutan IV
Bank Maybank Indonesia Shelf Bonds IV Bank Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 4.000 Series B
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (4) issuance cost
Sub-jumlah nilai tercatat - Pihak berelasi 3.996 Sub-total carrying amount - Related parties
Pihak ketiga Third parties
Obligasi Berkelanjutan II
Bank Maybank Indonesia Shelf Bonds II Bank Maybank Indonesia
Tahap I Tahun 2017 Tranche I Year 2017
PT Bank Mandiri 11 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 11, 2027 120 8,65% 100.000 Series C
Obligasi Berkelanjutan IV
Bank Maybank Indonesia Shelf Bonds IV Bank Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 296.000 Series B
PT Bank Mandiri 8 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 8, 2027 60 6,80% 300.000 Series C
Sub-jumlah nominal - Pihak ketiga 696.000 Sub-total nominal amount - Third parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (1.510) issuance cost
Sub-jumlah nilai tercatat - Pihak ketiga 694.490 Sub-total carrying amount - Third parties
Jumlah nilai tercatat 698.486 Total carrying amount
152
790 2024 Annual Report
Page 793
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi Berkelanjutan IV
Bank Maybank Indonesia Shelf Bonds IV Bank Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 5.000 Series B
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (15) issuance cost
Sub-jumlah nilai tercatat - Pihak berelasi 4.985 Sub-total carrying amount - Related parties
Pihak ketiga Third parties
Obligasi Berkelanjutan II
Bank Maybank Indonesia Shelf Bonds II Bank Maybank Indonesia
Tahap I Tahun 2017 Tranche I Year 2017
PT Bank Mandiri 11 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 11, 2024 84 8,50% 300.000 Series B
PT Bank Mandiri 11 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 11, 2027 120 8,65% 100.000 Series C
Obligasi Berkelanjutan III
Bank Maybank Indonesia Shelf Bonds III Bank Maybank Indonesia
Tahap I Tahun 2019 Tranche I Year 2019
PT Bank Mandiri 3 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 3, 2024 60 8,70% 68.000 Series C
Obligasi Berkelanjutan IV
Bank Maybank Indonesia Shelf Bonds IV Bank Maybank Indonesia
Tahap I Tahun 2022 Tranche I Year 2022
PT Bank Mandiri 8 Juli/
Seri B (Persero) Tbk idAAA (Pefindo) July 8, 2025 36 6,25% 295.000 Series B
PT Bank Mandiri 8 Juli/
Seri C (Persero) Tbk idAAA (Pefindo) July 8, 2027 60 6,80% 300.000 Series C
Sub-jumlah nominal - Pihak ketiga 1.063.000 Sub-total nominal amount - Third parties
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (2.681) issuance cost
Sub-jumlah nilai tercatat - Pihak ketiga 1.060.319 Sub-total carrying amount - Third parties
Jumlah nilai tercatat 1.065.304 Total carrying amount
153
2024 Annual Report PT Bank Maybank Indonesia Tbk 791
Page 794
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan II Bank Maybank Shelf Bonds II Bank Maybank Indonesia
Indonesia Tahap I Tahun 2017 Tranche I Year 2017
Pada tanggal 11 Juli 2017, Bank menerbitkan On July 11, 2017, the Bank issued Shelf Bonds
Obligasi Berkelanjutan II Bank Maybank II Bank Maybank Indonesia Tranche I Year
Indonesia Tahap I Tahun 2017. Obligasi tersebut 2017. The bonds consisted of 3 (three) series,
terdiri dari 3 (tiga) seri, yaitu Obligasi Shelf Bonds II Bank Maybank Indonesia
Berkelanjutan II Bank Maybank Indonesia Tahap Tranche I Year 2017 Series A, Series B and
I Tahun 2017 Seri A, Seri B dan Seri C. Obligasi Series C. Shelf Bonds II Bank Maybank
Berkelanjutan II Bank Maybank Indonesia Tahap Indonesia Tranche I Year 2017 Series A
I Tahun 2017 Seri A diterbitkan sebesar amounting to Rp435,000 bears fixed interest
Rp435.000 dengan tingkat bunga tetap sebesar rate at 8.00% per annum, with 5 (five) years
8,00% per tahun, berjangka waktu 5 (lima) tahun tenor since Issuance Date, Shelf Bonds II
sejak Tanggal Emisi, Obligasi Berkelanjutan II Bank Maybank Indonesia Tranche I Year 2017
Bank Maybank Indonesia Tahap I Tahun 2017 Series B amounting to Rp300,000 bears fixed
Seri B diterbitkan sebesar Rp300.000 dengan interest rate at 8.50% per annum, with 7 (seven)
tingkat bunga tetap sebesar 8,50% per tahun, years tenor since Issuance Date, and Shelf
berjangka waktu 7 (tujuh) tahun sejak Tanggal Bonds II Bank Maybank Indonesia Tranche I
Emisi, dan Obligasi Berkelanjutan II Bank Year 2017 Series C amounting to Rp100,000
Maybank Indonesia Tahap I Tahun 2017 bears fixed interest rate at 8.65% per annum,
Seri C diterbitkan sebesar Rp100.000 dengan with 10 (ten) years tenor since Issuance Date.
tingkat bunga tetap sebesar 8,65% per tahun,
berjangka waktu 10 (sepuluh) tahun sejak
Tanggal Emisi.
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran bunga on interest payment date of the bonds. The first
obligasi. Tanggal pembayaran bunga obligasi interest payment of the bonds has been made
pertama telah dilakukan pada tanggal on October 11, 2017. The last interest payment
11 Oktober 2017. Tanggal pembayaran bunga and due date of Shelf Bonds II Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche I Year 2017 Series A has
Obligasi Berkelanjutan II Bank Maybank been made on July 11, 2022. The last interest
Indonesia Tahap I Tahun 2017 Seri A telah payment and due date of Shelf Bonds II
dilakukan pada tanggal 11 Juli 2022. Tanggal Bank Maybank Indonesia Tranche I Year 2017
pembayaran bunga obligasi terakhir sekaligus Series B has been made on July 11, 2024. The
jatuh tempo pokok Obligasi Berkelanjutan II Bank last interest payment and due date of Shelf
Maybank Indonesia Tahap I Tahun 2017 seri B Bonds II Bank Maybank Indonesia Tranche I
telah dilakukan pada tanggal 11 Juli 2024. Year 2017 Series C will be made on July 11,
Tanggal pembayaran bunga obligasi terakhir 2027.
sekaligus jatuh tempo pokok Obligasi
Berkelanjutan II Bank Maybank Indonesia Tahap
I Tahun 2017 seri C akan dilakukan pada tanggal
11 Juli 2027.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
154
792 2024 Annual Report
Page 795
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan III Bank Maybank Shelf Bonds III Bank Maybank Indonesia
Indonesia Tahap I Tahun 2019 Tranche I Year 2019
Pada tanggal 3 Juli 2019, Bank menerbitkan On July 3, 2019, the Bank issued Shelf Bonds III
Obligasi Berkelanjutan III Bank Maybank Bank Maybank Indonesia Tranche I Year 2019.
Indonesia Tahap I Tahun 2019. Obligasi The bonds consisted of 3 (three) series, Shelf
tersebut terdiri dari 3 (tiga) seri, yaitu Obligasi Bonds III Bank Maybank Indonesia Tranche I
Berkelanjutan III Bank Maybank Indonesia Year 2019 Series A, Series B and Series C. Shelf
Tahap I Tahun 2019 Seri A, Seri B dan Seri C. Bonds III Bank Maybank Indonesia Tranche I
Obligasi Berkelanjutan III Bank Maybank Year 2019 Series A amounting to Rp308,000
Indonesia Tahap I Tahun 2019 Seri A bears fixed interest rate at 7.55% per annum,
diterbitkan sebesar Rp308.000 dengan tingkat with 370 (three hundred and seventy) days tenor
bunga tetap sebesar 7,55% per tahun, since Issuance Date, Shelf Bonds III Bank
berjangka waktu 370 (tiga ratus tujuh puluh) hari Maybank Indonesia Tranche I Year 2019 Series
sejak Tanggal Emisi, Obligasi Berkelanjutan III B amounting to Rp624,000 bears fixed interest
Bank Maybank Indonesia Tahap I Tahun 2019 rate at 8.50% per annum, with 3 (three) years
Seri B diterbitkan sebesar Rp624.000 dengan tenor since Issuance Date and Shelf Bonds III
tingkat bunga tetap sebesar 8,50% per tahun, Bank Maybank Indonesia Tranche I Year 2019
berjangka waktu 3 (tiga) tahun sejak Tanggal Series C amounting to Rp68,000 bears fixed
Emisi dan Obligasi Berkelanjutan III Bank interest rate at 8.70% per annum, with 5 (five)
Maybank Indonesia Tahap I Tahun 2019 Seri C years tenor since Issuance Date.
diterbitkan sebesar Rp68.000 dengan tingkat
bunga tetap sebesar 8,70% per tahun,
berjangka waktu 5 (lima) tahun sejak Tanggal
Emisi.
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran on interest payment date of the bonds. The first
bunga obligasi. Tanggal pembayaran bunga interest payment of the bonds has been made
obligasi pertama telah dilakukan pada tanggal on October 3, 2019. The last interest payment
3 Oktober 2019. Tanggal pembayaran bunga and due date of Shelf Bonds III Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche I Year 2019 Series A has
Obligasi Berkelanjutan III Bank Maybank been made on July 13, 2020. The last interest
Indonesia Tahap I Tahun 2019 Seri A telah payment and due date of Shelf Bonds III Bank
dilakukan pada tanggal 13 Juli 2020. Tanggal Maybank Indonesia Tranche I Year 2019
pembayaran bunga obligasi terakhir sekaligus Series B has been made on July 3, 2022. The
jatuh tempo pokok Obligasi Berkelanjutan III last interest payment and due date of Shelf
Bank Maybank Indonesia Tahap I Tahun 2019 Bonds III Bank Maybank Indonesia Tranche I
seri B telah dilakukan pada tanggal 3 Juli 2022. Year 2019 Series C has been made on July 3,
Tanggal pembayaran bunga obligasi terakhir 2024.
sekaligus jatuh tempo pokok Obligasi
Berkelanjutan III Bank Maybank Indonesia
Tahap I Tahun 2019 seri C telah dilakukan pada
tanggal 3 Juli 2024.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
155
2024 Annual Report PT Bank Maybank Indonesia Tbk 793
Page 796
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi Berkelanjutan IV Bank Maybank Shelf Bonds IV Bank Maybank Indonesia
Indonesia Tahap I Tahun 2022 Tranche I Year 2022
Pada tanggal 8 Juli 2022, Bank menerbitkan On July 8, 2022, the Bank issued Shelf Bonds IV
Obligasi Berkelanjutan IV Bank Maybank Bank Maybank Indonesia Tranche I Year 2022.
Indonesia Tahap I Tahun 2022. Obligasi The bonds consisted of 3 (three) series, Shelf
tersebut terdiri dari 3 (tiga) seri, yaitu Obligasi Bonds IV Bank Maybank Indonesia Tranche I
Berkelanjutan IV Bank Maybank Indonesia Year 2022 Series A, Series B and Series C. Shelf
Tahap I Tahun 2022 Seri A, Seri B dan Seri C. Bonds IV Bank Maybank Indonesia Tranche I
Obligasi Berkelanjutan IV Bank Maybank Year 2022 Series A amounting to Rp400,000
Indonesia Tahap I Tahun 2022 Seri A bears fixed interest rate at 3.80% per annum,
diterbitkan sebesar Rp400.000 dengan tingkat with 370 (three hundred and seventy) days tenor
bunga tetap sebesar 3,80% per tahun, since Issuance Date, Shelf Bonds IV Bank
berjangka waktu 370 (tiga ratus tujuh puluh) hari Maybank Indonesia Tranche I Year 2022 Series
sejak Tanggal Emisi, Obligasi Berkelanjutan IV B amounting to Rp300,000 bears fixed interest
Bank Maybank Indonesia Tahap I Tahun 2022 rate at 6.25% per annum, with 3 (three) years
Seri B diterbitkan sebesar Rp300.000 dengan tenor since Issuance Date and Shelf Bonds IV
tingkat bunga tetap sebesar 6,25% per tahun, Bank Maybank Indonesia Tranche I Year 2022
berjangka waktu 3 (tiga) tahun sejak Tanggal Series C amounting to Rp300,000 bears fixed
Emisi dan Obligasi Berkelanjutan IV Bank interest rate at 6.80% per annum, with 5 (five)
Maybank Indonesia Tahap I Tahun 2022 Seri C years tenor since Issuance Date.
diterbitkan sebesar Rp300.000 dengan tingkat
bunga tetap sebesar 6,80% per tahun,
berjangka waktu 5 (lima) tahun sejak Tanggal
Emisi.
Bunga obligasi akan dibayarkan setiap 3 (tiga) The interest of the bonds is paid quarterly based
bulan sesuai dengan tanggal pembayaran on interest payment date of the bonds. The first
bunga obligasi. Tanggal pembayaran bunga interest payment of the bonds has been made
obligasi pertama telah dilakukan pada tanggal on October 8, 2022. The last interest payment
8 Oktober 2022. Tanggal pembayaran bunga and due date of Shelf Bonds IV Bank Maybank
obligasi terakhir sekaligus jatuh tempo pokok Indonesia Tranche I Year 2022 Series A has
Obligasi Berkelanjutan IV Bank Maybank been made on July 18, 2023. The last interest
Indonesia Tahap I Tahun 2022 Seri A telah payment and due date of Shelf Bonds IV Bank
dilakukan pada tanggal 18 Juli 2023. Tanggal Maybank Indonesia Tranche I Year 2022 Series
pembayaran bunga obligasi terakhir sekaligus B will be made on July 8, 2025. The last interest
jatuh tempo pokok Obligasi Berkelanjutan IV payment and due date of Shelf Bonds IV Bank
Bank Maybank Indonesia Tahap I Tahun 2022 Maybank Indonesia Tranche I Year 2022 Series
seri B akan dilakukan pada tanggal 8 Juli 2025. C will be made on July 8, 2027.
Tanggal pembayaran bunga obligasi terakhir
sekaligus jatuh tempo pokok Obligasi
Berkelanjutan IV Bank Maybank Indonesia
Tahap I Tahun 2022 seri C akan dilakukan pada
tanggal 8 Juli 2027.
Untuk obligasi yang diterbitkan, Pefindo The bonds are rated as “idAAA” by Pefindo.
memberikan peringkat “idAAA”.
156
794 2024 Annual Report
Page 797
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
b. Obligasi Berkelanjutan Bank Maybank b. Shelf Bonds Bank Maybank Indonesia
Indonesia (lanjutan) (continued)
Obligasi-obligasi tersebut tidak dijamin dengan The bonds are not guaranteed with specific
jaminan khusus, tetapi dijamin dengan seluruh guarantee, but guaranteed with all assets of the
harta kekayaan Bank baik barang bergerak Bank, whether present or future fixed or non-
maupun barang tidak bergerak sesuai dengan fixed assets in accordance with the provisions of
ketentuan dalam pasal 1131 dan 1132 Kitab Article 1131 and 1132 of the Civil Laws.
Undang-Undang Hukum Perdata.
Selama berlakunya jangka waktu obligasi dan During the validity period of the bonds and prior
sebelum dilunasinya semua pokok dan bunga to the redemption of all principal and interest of
obligasi, Bank berjanji dan mengikatkan diri, the bonds, the Bank represents and binds itself,
tanpa persetujuan tertulis dari Wali Amanat without written approval from the Trustee shall
tidak akan melakukan hal-hal sebagai berikut: not perform the following actions: (i) securing
(i) mengagunkan sebagian maupun seluruh part or all of the income or asset of the Bank that
pendapatan atau harta kekayaan Bank yang exist in the present or in the future, other than for
ada pada saat ini maupun di masa yang akan the Bank’s business activity; (ii) changing the
datang, di luar kegiatan usaha Bank; (ii) main business activity; (iii) reducing the
melaksanakan perubahan bidang usaha utama; authorized capital and paid up capital, unless
(iii) mengurangi modal dasar dan modal disetor, such reduction is conducted based on request
kecuali jika pengurangan tersebut dilakukan or instruction from the government of the
atas dasar permintaan atau perintah dari Republic of Indonesia and/or competent
Pemerintah Republik Indonesia dan/atau authority (including but not limited to Bank
otoritas yang berwenang (termasuk tetapi tidak Indonesia, Minister of Finance of the Republic of
terbatas pada Bank Indonesia, Menteri Indonesia and/or monetary authority or remedial
Keuangan Negara Republik Indonesia dan/atau authority in the banking sector in accordance
otoritas moneter maupun otoritas penyehatan di with the prevailing regulation); (iv) conducting
bidang perbankan sesuai dengan ketentuan merger, consolidation, acquisition with other
yang berlaku); (iv) mengadakan company which led to the dissolution of the
penggabungan, konsolidasi, akuisisi dengan Bank.
perusahaan lain yang menyebabkan bubarnya
Bank.
Satu tahun setelah tanggal penjatahan, Bank One year after the allotment date, the Bank may
dapat melakukan pembelian kembali (buy back) repurchase (buy back) the bonds partially or fully
untuk sebagian atau seluruh obligasi sebelum prior to due date of the bonds principal. The
tanggal pelunasan pokok obligasi. Bank Bank has the right to treat the repurchase (buy
mempunyai hak untuk memberlakukan back) to be used as the bonds redemption or to
pembelian kembali (buy back) tersebut untuk be subsequently sold at market price following
dipergunakan sebagai pelunasan obligasi atau the provisions of Trustee Agreements and
untuk kemudian dijual kembali dengan harga prevailing regulation.
pasar dengan memperhatikan ketentuan dalam
Perjanjian Perwaliamanatan dan peraturan
perundang-undangan yang berlaku.
Penerimaan dana dari penerbitan obligasi ini The fund received from the bonds issuance was
digunakan untuk meningkatkan aset produktif used to increase earning assets to support
dalam rangka pengembangan usaha Bank, business growth of the Bank, mainly to be
terutama untuk penyaluran kredit. channeled in loans (credit).
157
2024 Annual Report PT Bank Maybank Indonesia Tbk 795
Page 798
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM c. Shelf Bonds WOM
31 Desember/December 31, 2024
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak ketiga Third parties
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance
Tahap II Tahun 2022 Tranche II Year 2022
PT Bank Rakyat Indonesia 8 April/
Seri B (Persero) Tbk AA (idn) April 8, 2025 36 6,30% 435.000 Series B
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance
Tahap III Tahun 2023 Tranche III Year 2023
PT Bank Rakyat Indonesia 11 April/
Seri B (Persero) Tbk AA (idn) April 11, 2026 36 7,00% 685.000 Series B
Obligasi Berkelanjutan V WOM Finance Shelf Bonds V WOM Finance
Tahap I Tahun 2024 Tranche I Year 2024
PT Bank Rakyat Indonesia 12 Juli/
Seri A (Persero) Tbk idAA+ (Pefindo) July 12, 2025 370 hari/days 6,75% 880.445 Series A
PT Bank Rakyat Indonesia 2 Juli/
Seri B (Persero) Tbk idAA+ (Pefindo) July 2, 2027 36 6,95% 119.555 Series B
Sub-jumlah nominal 2.120.000 Sub-total nominal amount
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (3.881) issuance cost
Jumlah nilai tercatat 2.116.119 Total carrying amount
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak ketiga Third parties
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance
Tahap I Tahun 2021 Tranche I Year 2021
PT Bank Rakyat Indonesia 28 Juli/
Seri B (Persero) Tbk AA (idn) July 28, 2024 36 7,00% 198.000 Series B
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance
Tahap II Tahun 2022 Tranche II Year 2022
PT Bank Rakyat Indonesia 8 April/
Seri B (Persero) Tbk AA (idn) April 8, 2025 36 6,30% 435.000 Series B
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance
Tahap III Tahun 2023 Tranche III Year 2023
PT Bank Rakyat Indonesia 21 April/
Seri A (Persero) Tbk AA (idn) April 21, 2024 370 hari/days 5,95% 221.000 Series A
PT Bank Rakyat Indonesia 11 April/
Seri B (Persero) Tbk AA (idn) April 11, 2026 36 7,00% 685.000 Series B
Sub-jumlah nominal 1.539.000 Sub-total nominal amount
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (2.747) issuance cost
Jumlah nilai tercatat 1.536.253 Total carrying amount
158
796 2024 Annual Report
Page 799
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance Tranche I Year
Tahap I Tahun 2021 2021
Pada tanggal 28 Juli 2021, entitas anak, WOM On July 28, 2021, the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan IV WOM Shelf Bonds IV WOM Finance Tranche I Year
Finance Tahap I Tahun 2021 Dengan Tingkat 2021 With Fixed Interest Rate (“Shelf Bonds IV
Suku Bunga Tetap (“Obligasi Berkelanjutan IV Tranche I”) with a nominal value of Rp500,000,
Tahap I”) dengan nilai nominal sebesar which were offered at par.
Rp500.000, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan IV Tahap I ini These Shelf Bonds IV Tranche I are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds IV Tranche I
Obligasi Berkelanjutan IV Tahap I seri A dengan Series A with a nominal value of Rp302,000 with
nilai nominal Rp302.000 dengan tingkat suku fixed interest rate of 5.50% per annum and Shelf
bunga tetap sebesar 5,50% per tahun dan Bonds IV Tranche I Series B with a nominal
Obligasi Berkelanjutan IV Tahap I Seri B value of Rp198,000 with fixed interest rate of
dengan nilai nominal sebesar Rp198.000 7.00% per annum.
dengan tingkat suku bunga tetap sebesar
7,00% per tahun.
Bunga Obligasi Berkelanjutan IV Tahap I The Shelf Bonds IV Tranche I interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds IV Tranche
Berkelanjutan IV Tahap I Seri A dan B pertama I Series A and B interest has been paid on
telah dibayarkan pada tanggal 28 Oktober October 28, 2021. The last Shelf Bonds IV
2021. Bunga Obligasi Berkelanjutan IV Tahap I Tranche I interest, which falls due at the maturity
terakhir yang sekaligus jatuh tempo dengan of each series of the Shelf Bonds IV Tranche I,
masing-masing seri Obligasi Berkelanjutan IV has been paid on August 8, 2022 for Series A
Tahap I telah dibayarkan pada tanggal 8 and on July 28, 2024 for Series B.
Agustus 2022 untuk Seri A dan pada tanggal 28
Juli 2024 untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan Based on latest results of the annual rating on
terbaru atas surat utang jangka panjang sesuai long-term debentures in accordance with Letter
dengan Surat No. 208/DIR/RATLTR/XII/2023 No. 208/DIR/RATLTR/XII/2023 dated December
tanggal 8 Desember 2023 dari Fitch Ratings, 8, 2023 from Fitch Ratings, the Shelf Bonds IV
Obligasi Berkelanjutan IV Tahap I tersebut Tranche I are rated at "AA(idn)" (Double A,
mendapat peringkat "AA(idn)" (Double A, Negative Rating Watch).
Negative Rating Watch).
159
2024 Annual Report PT Bank Maybank Indonesia Tbk 797
Page 800
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) b. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance Tranche II Year
Tahap II Tahun 2022 2022
Pada tanggal 8 April 2022, entitas anak, WOM On April 8, 2022 the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan IV WOM Shelf Bonds IV WOM Finance Tranche II Year
Finance Tahap II Tahun 2022 Dengan Tingkat 2022 With Fixed Interest Rate (“Shelf Bonds IV
Suku Bunga Tetap (“Obligasi Berkelanjutan IV Tranche II”) with a nominal value of Rp800,000,
Tahap II”) dengan nilai nominal sebesar which were offered at par.
Rp800.000, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan IV Tahap II ini These Shelf Bonds IV Tranche II are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds IV Tranche II
Obligasi Berkelanjutan IV Tahap II seri A Series A with a nominal value of Rp335,000 with
dengan nilai nominal Rp335.000 dengan tingkat fixed interest rate of 4.25% per annum and Shelf
suku bunga tetap sebesar 4,25% per tahun dan Bonds IV Tranche II Series B with a nominal
Obligasi Berkelanjutan IV Tahap II Seri B value of Rp465,000 with fixed interest rate of
dengan nilai nominal sebesar Rp465.000 6.30% per annum.
dengan tingkat suku bunga tetap sebesar
6,30% per tahun.
Bunga Obligasi Berkelanjutan IV Tahap II The Shelf Bonds IV Tranche II interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds IV Tranche
Berkelanjutan IV Tahap II Seri A dan B pertama II Series A and B interest has been paid on July
telah dibayarkan pada tanggal 8 Juli 2022. 8, 2022. The last Shelf Bonds IV Tranche II
Bunga Obligasi Berkelanjutan IV Tahap II interest, which falls due at the maturity of each
terakhir yang sekaligus jatuh tempo dengan series of the Shelf Bonds IV Tranche II, has been
masing-masing seri Obligasi Berkelanjutan IV paid on April 18, 2023 for Series A and will be
Tahap II telah dibayarkan pada tanggal 18 April paid on April 8, 2025 for Series B.
2023 untuk Seri A dan akan dibayar pada
tanggal 8 April 2025 untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan Based on latest results of the annual rating on
terbaru atas surat utang jangka panjang sesuai long-term debentures in accordance with Letter
dengan Surat No. 226/DIR/RATLTR/XI/2024 No. 226/DIR/RATLTR/XI/2024 dated November
tanggal 29 November 2024 dari Fitch Ratings, 29, 2024 from Fitch Ratings, the Shelf Bonds IV
Obligasi Berkelanjutan IV Tahap II tersebut Tranche II are rated at "AA(idn)" (Double A,
mendapat peringkat "AA(idn)" (Double A, Negative Rating Watch).
Negative Rating Watch).
160
798 2024 Annual Report
Page 801
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan IV WOM Finance Shelf Bonds IV WOM Finance Tranche III Year
Tahap III Tahun 2023 2023
Pada tanggal 11 April 2023, entitas anak, WOM On April 11, 2023 the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan IV WOM Shelf Bonds IV WOM Finance Tranche III Year
Finance Tahap III Tahun 2023 Dengan Tingkat 2023 With Fixed Interest Rate (“Shelf Bonds IV
Suku Bunga Tetap (“Obligasi Berkelanjutan IV Tranche III”) with a nominal value of
Tahap III”) dengan nilai nominal sebesar Rp1,000,000, which were offered at par.
Rp1.000.000, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan IV Tahap III ini These Shelf Bonds IV Tranche III are series
merupakan obligasi berseri yang meliputi bonds consisting of Shelf Bonds IV Tranche III
Obligasi Berkelanjutan IV Tahap III seri A Series A with a nominal value of Rp221,000 with
dengan nilai nominal Rp221.000 dengan tingkat fixed interest rate of 5.95% per annum and Shelf
suku bunga tetap sebesar 5,95% per tahun dan Bonds IV Tranche III Series B with a nominal
Obligasi Berkelanjutan IV Tahap III Seri B value of Rp779,000 with fixed interest rate of
dengan nilai nominal sebesar Rp779.000 7.00% per annum.
dengan tingkat suku bunga tetap sebesar
7,00% per tahun.
Bunga Obligasi Berkelanjutan IV Tahap III The Shelf Bonds IV Tranche III interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds IV Tranche
Berkelanjutan IV Tahap III Seri A dan B III Series A and B interest has been paid on July
pertama telah dibayarkan pada tanggal 11 Juli 11, 2023. The last Shelf Bonds IV Tranche III
2023. Bunga Obligasi Berkelanjutan IV Tahap interest, which falls due at the maturity of each
III terakhir yang sekaligus jatuh tempo dengan series of the Shelf Bonds IV Tranche III, has
masing-masing seri Obligasi Berkelanjutan IV been paid on April 21, 2024 for Series A and on
Tahap III telah dibayarkan pada tanggal 21 will be paid April 11, 2026 for Series B.
April 2024 untuk Seri A dan akan dibayarkan
pada tanggal 11 April 2026 untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan Based on latest results of the annual rating on
terbaru atas surat utang jangka panjang sesuai long-term debentures in accordance with Letter
dengan Surat No. 226/DIR/RATLTR/XI/2024 No. 226/DIR/RATLTR/XI/2024 dated November
tanggal 29 November 2024 dari Fitch Ratings, 29, 2024 from Fitch Ratings, the Shelf Bonds IV
Obligasi Berkelanjutan IV Tahap III tersebut Tranche III are rated at "AAA(idn)" (Triple A).
mendapat peringkat "AAA(idn)" (Triple A).
161
2024 Annual Report PT Bank Maybank Indonesia Tbk 799
Page 802
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Obligasi Berkelanjutan V WOM Finance Shelf Bonds V WOM Finance Tranche I Year
Tahap I Tahun 2024 2024
Pada tanggal 2 Juli 2024, entitas anak, WOM On July 2, 2024 the subsidiary, WOM issued
menerbitkan Obligasi Berkelanjutan V WOM Shelf Bonds V WOM Finance Tranche I Year
Finance Tahap I Tahun 2024 Dengan Tingkat 2024 With Fixed Interest Rate (“Shelf Bonds V
Suku Bunga Tetap (“Obligasi Berkelanjutan V Tranche I”) with a nominal value of Rp1,000,000,
Tahap I”) dengan nilai nominal sebesar which were offered at par.
Rp1.000.000, yang ditawarkan pada nilai
nominal.
Obligasi Berkelanjutan V Tahap I ini merupakan These Shelf Bonds V Tranche I are series bonds
obligasi berseri yang meliputi Obligasi consisting of Shelf Bonds V Tranche I Series A
Berkelanjutan V Tahap I seri A dengan nilai with a nominal value of Rp880,445 with fixed
nominal Rp880.445 dengan tingkat suku bunga interest rate of 6.75% per annum and Shelf
tetap sebesar 6,75% per tahun dan Obligasi Bonds V Tranche I Series B with a nominal value
Berkelanjutan V Tahap I Seri B dengan nilai of Rp119,555 with fixed interest rate of 6.95%
nominal sebesar Rp119.555 dengan tingkat per annum.
suku bunga tetap sebesar 6,95% per tahun.
Bunga Obligasi Berkelanjutan V Tahap I The Shelf Bonds V Tranche I interest is paid on
dibayarkan setiap triwulan (tiga bulan) sejak a quarterly basis (three months) starting from the
Tanggal Emisi, dimana bunga Obligasi Issuance Date, the first Shelf Bonds V Tranche I
Berkelanjutan V Tahap I Seri A dan B pertama Series A and B interest has been paid October 2,
telah dibayarkan pada tanggal 2 Oktober 2024. 2024. The last Shelf Bonds V Tranche I interest,
Bunga Obligasi Berkelanjutan V Tahap I which falls due at the maturity of each series of
terakhir yang sekaligus jatuh tempo dengan the Shelf Bonds V Tranche I, will be paid on July
masing-masing seri Obligasi Berkelanjutan V 12, 2025 for Series A and on will be paid July 2,
Tahap I akan dibayarkan pada tanggal 12 Juli 2027 for Series B.
2025 untuk Seri A dan akan dibayarkan pada
tanggal 2 Juli 2027 untuk Seri B.
Berdasarkan hasil pemeringkatan tahunan Based on latest results of the annual rating on
terbaru atas surat utang jangka panjang sesuai long-term debentures in accordance with Letter
dengan Surat No.RC-034/PEF-DIR/II/2025 No.RC-034/PEF-DIR/II/2025 dated February 10,
tanggal 10 Februari 2025 dari Pefindo, Obligasi 2025 from Fitch Ratings, the Shelf Bonds V
Berkelanjutan V Tahap I tersebut mendapat Tranche I are rated at "idAAA" (Triple A).
peringkat "idAAA" (Triple A).
Obligasi Berkelanjutan IV tahap I, II, III dan These Shelf Bonds IV Tranche I, II, III and Shelf
Obligasi Berkelanjutan V tahap I ini dijamin Bonds V Tranche I are secured by the fiduciary
secara fidusia dengan piutang entitas anak transfers of the subsidiary's current receivables
kepada pihak ketiga sehubungan dengan from third parties in connection with the financing
pembiayaan pembelian kendaraan bermotor of the purchases of motor vehicles with an
dengan kategori lancar yang nilai seluruhnya aggregate amount of not less than 60.00% of the
tidak kurang dari 60,00% dari jumlah pokok principal amount of bonds payable.
yang terutang.
162
800 2024 Annual Report
Page 803
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
c. Obligasi Berkelanjutan WOM (lanjutan) c. Shelf Bonds WOM (continued)
Sebelum dilunasinya semua pokok dan bunga Prior to the redemption of the entire Bonds WOM
Obligasi WOM serta pengeluaran lain yang principal and payments of the interest and other
menjadi tanggung jawab entitas anak charges which are the responsibility of the
sehubungan dengan penerbitan Obligasi WOM, subsidiary in connection with the issuance of the
entitas anak tanpa persetujuan tertulis dari Wali Bonds WOM, the subsidiary, without written
Amanat tidak diperkenankan melakukan consent of the Trustee shall not undertake,
penggabungan atau peleburan usaha yang among others, merger or business combination,
akan mempunyai akibat yang negatif terhadap which will have a negative effect to the
entitas anak, melakukan peminjaman utang subsidiary, obtain new loans which have more
baru yang memiliki kedudukan lebih tinggi dari priority position than those arising from the
kedudukan utang yang timbul berdasarkan Bonds WOM, except loans obtained to finance
Obligasi WOM, kecuali pinjaman untuk the subsidiary’s business, declare or pay
pembiayaan usaha entitas anak, menyatakan dividends as long as the subsidiary failed in
atau membayar pembagian dividen selama servicing the loans based on the Trusteeship
entitas anak lalai dalam melakukan Agreement, change the main business of the
pembayaran jumlah terutang berdasarkan subsidiary and pledge any of the present or
Perjanjian Perwaliamanatan, mengubah bidang future assets including the rights on the
usaha utama dan menjaminkan aset termasuk subsidiary’s revenues which became the
hak atas pendapatan entitas anak, baik yang collateral based on the Trusteeship Agreement
ada sekarang maupun yang akan diperoleh di and Indebtedness Agreement. The subsidiary
masa yang akan datang yang menjadi jaminan has complied with the covenants in those
berdasarkan Perjanjian Perwaliamanatan dan agreements.
Akta Pengakuan Utang. Entitas anak telah
memenuhi batasan-batasan yang diwajibkan
dalam perjanjian tersebut.
Satu tahun setelah tanggal penjatahan, entitas One year after the allotment date, the subsidiary
anak dapat melakukan pembelian kembali (buy may repurchase (buy back) the bonds partially
back) untuk sebagian atau seluruh obligasi or fully prior to due date of the bonds principal.
sebelum tanggal pelunasan pokok obligasi. The Subsidiary has the right to treat the
Entitas anak mempunyai hak untuk repurchase (buy back) to be used as the bonds
memberlakukan pembelian kembali (buy back) redemption or to be subsequently sold at market
tersebut untuk dipergunakan sebagai price following the provisions of Trusteeship
pelunasan obligasi atau untuk kemudian dijual Agreements and prevailing regulation.
kembali dengan harga pasar dengan
memperhatikan ketentuan dalam Perjanjian
Perwaliamanatan dan peraturan perundang-
undangan yang berlaku.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the loans
kredit yang diberikan dan piutang/pembiayaan and sharia receivables/financing and consumer
syariah dan piutang pembiayaan konsumen financing receivables pledged as collateral on
yang digunakan sebagai jaminan atas Obligasi recourse basis to the Bonds WOM were
WOM adalah masing-masing sebesar amounted Rp746,401 and Rp997,800,
Rp746.401 dan Rp997.800. respectively.
Penggunaan dana dari penerbitan obligasi The funds received from the issuance of WOM’s
WOM digunakan untuk meningkatkan dan bonds were used to increase and develop the
mengembangkan usaha entitas anak. subsidiary's business.
163
2024 Annual Report PT Bank Maybank Indonesia Tbk 801
Page 804
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF d. Bonds MIF
31 Desember/December 31, 2024
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri 30 Maret/ Year 2022 with Fixed
Tingkat Bunga Tetap (Persero) Tbk AAA (idn) March 30, 2025 36 5,80% 48.000 Interest Rates
Dikurangi: Beban emisi Less: Unamortized bonds'
obligasi yang belum diamortisasi (9) issuance cost
Sub-jumlah nilai tercatat - Pihak berelasi 47.991 Sub-total carrying amount - Related parties
Pihak ketiga Third parties
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri 30 Maret/ Year 2022 with Fixed
Tingkat Bunga Tetap (Persero) Tbk AAA (idn) March 30, 2025 36 5,80% 752.000 Interest Rates
Obligasi Berkelanjutan IV Shelf Bonds IV
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2024 dengan PT Bank Rakyat Indonesia 15 Juli/ Year 2024 with Fixed
Tingkat Bunga Tetap (Persero) Tbk AAA (idn) July 15, 2025 370 hari/days 6,70% 100.000 Interest Rates
Sub-jumlah nominal - Pihak ketiga 852.000 Sub-total nominal amount - Third parties
Dikurangi: Beban emisi Less: Unamortized bonds'
obligasi yang belum diamortisasi (846) issuance cost
Sub-jumlah nilai tercatat - Pihak ketiga 851.154 Sub-total carrying amount - Third parties
Jumlah nilai tercatat 899.145 Total carrying amount
164
802 2024 Annual Report
Page 805
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Peringkat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee Rating Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2021 dengan PT Bank Mandiri 23 Juni/ Year 2021 with Fixed
Tingkat Bunga Tetap (Persero) Tbk AAA (idn) June 23, 2024 36 6,30% 19.500 Interest Rates
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri 30 Maret/ Year 2022 with Fixed
Tingkat Bunga Tetap (Persero) Tbk AAA (idn) March 30, 2025 36 5,80% 52.000 Interest Rates
Sub-jumlah nominal - Pihak berelasi 71.500 Sub-total nominal amount - Related parties
Dikurangi: Beban emisi Less: Unamortized bonds'
obligasi yang belum diamortisasi (76) issuance cost
Sub-jumlah nilai tercatat - Pihak berelasi 71.424 Sub-total carrying amount - Related parties
Pihak ketiga Third parties
Obligasi Berkelanjutan II Shelf Bonds II
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2019 dengan Year 2019 with Fixed
Tingkat Bunga Tetap Interest Rates
PT Bank Mandiri 2 April/
Seri B (Persero) Tbk AAA (idn) April 2, 2024 60 9,35% 350.000 Series B
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap I Maybank Finance Tranche I
Tahun 2021 dengan PT Bank Mandiri 23 Juni/ Year 2021 with Fixed
Tingkat Bunga Tetap (Persero) Tbk AAA (idn) June 23, 2024 36 6,30% 452.500 Interest Rates
Obligasi Berkelanjutan III Shelf Bonds III
Maybank Finance Tahap II Maybank Finance Tranche II
Tahun 2022 dengan PT Bank Mandiri 30 Maret/ Year 2022 with Fixed
Tingkat Bunga Tetap (Persero) Tbk AAA (idn) March 30, 2025 36 5,80% 748.000 Interest Rates
Sub-jumlah nominal - Pihak ketiga 1.550.500 Sub-total nominal amount - Third parties
Dikurangi: Beban emisi Less: Unamortized bonds'
obligasi yang belum diamortisasi (1.300) issuance cost
Sub-jumlah nilai tercatat - Pihak ketiga 1.549.200 Sub-total carrying amount - Third parties
Jumlah nilai tercatat 1.620.624 Total carrying amount
165
2024 Annual Report PT Bank Maybank Indonesia Tbk 803
Page 806
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan II Maybank Finance Shelf Bonds II Maybank Finance Tranche II
Tahap II Tahun 2019 dengan Tingkat Bunga Year 2019 with Fixed Interest Rates
Tetap
Pada tanggal 2 April 2019, entitas anak, MIF On April 2, 2019, the subsidiary, MIF issued
menerbitkan Obligasi Berkelanjutan II Maybank Shelf Bonds II Maybank Finance Tranche II Year
Finance Tahap II Tahun 2019 dengan Tingkat 2019 with Fixed Interest Rate (“Shelf Bonds II
Bunga Tetap (“Obligasi Berkelanjutan II Tahap Tranche II”) with nominal value amounting to
II”) dengan nilai nominal sebesar Rp1.000.000, Rp1,000,000 which were offered at par. These
yang ditawarkan pada nilai nominal. Obligasi Shelf Bonds II Tranche II are series bonds
Berkelanjutan II Tahap II ini merupakan obligasi consisting of Shelf Bonds II Tranche II Series A
berseri yang meliputi Obligasi Berkelanjutan II with nominal value of Rp650,000 and a fixed
Tahap II Seri A dengan nilai nominal sebesar interest rate of 9.00% per annum and Shelf
Rp650.000 dengan tingkat suku bunga tetap Bonds II Tranche II Series B with a nominal
sebesar 9,00% per tahun dan Obligasi value of Rp350,000 and a fixed interest rate of
Berkelanjutan II Tahap II Seri B dengan nilai 9.35% per annum.
nominal sebesar Rp350.000 dengan tingkat
suku bunga tetap sebesar 9,35% per tahun.
Pengunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance,
penerbitan obligasi ini, setelah dikurangi after deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly basis,
sejak tanggal penerbitan emisi, sesuai dengan starting from the issuance date. The first bonds
tanggal pembayaran masing-masing bunga interest payment has been paid on July 2, 2019.
obligasi. Pembayaran bunga obligasi pertama The last interest payment date, which falls due
telah dilakukan pada tanggal 2 Juli 2019. at the maturity of each series has been paid on
Pembayaran bunga obligasi terakhir sekaligus April 2, 2022 for Series A and on April 2, 2024
jatuh tempo dengan masing-masing seri for Series B.
obligasi telah dibayarkan pada tanggal
2 April 2022 untuk Seri A dan pada tanggal 2
April 2024 untuk Seri B.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 206/DIR/RATLTR/XII/2023 Indonesia No. 206/DIR/RATLTR/XII/2023 dated
tanggal 8 Desember 2023, Obligasi December 8, 2023, Shelf Bonds II Maybank
Berkelanjutan II Maybank Finance Tahap II Finance Tranche II Year 2019 are rated at
Tahun 2019 telah mendapat peringkat “AAA(idn)".
"AAA(idn)".
166
804 2024 Annual Report
Page 807
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan III Maybank Finance Shelf Bonds III Maybank Finance Tranche I
Tahap I Tahun 2021 dengan Tingkat Bunga Year 2021 with Fixed Interest Rates
Tetap
Pada tanggal 23 Juni 2021, entitas anak, MIF On June 23, 2021, the subsidiary, MIF issued
menerbitkan Obligasi Berkelanjutan III Shelf Bonds III Maybank Finance Tranche I Year
Maybank Finance Tahap I Tahun 2021 dengan 2021 with Fixed Interest Rate (“Shelf Bonds III
Tingkat Bunga Tetap (“Obligasi Berkelanjutan Tranche I”) with nominal value amounting to
III Tahap I”) dengan nilai nominal sebesar Rp500,000 which were offered at par and a fixed
Rp500.000 dan tingkat suku bunga tetap interest rate of 6.30% per annum.
sebesar 6,30% per tahun.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance,
penerbitan obligasi ini, setelah dikurangi after deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly basis,
sejak tanggal penerbitan emisi, sesuai dengan starting from the issuance date. The first bonds
tanggal pembayaran masing-masing bunga interest payment has been paid on September
obligasi. Pembayaran bunga obligasi pertama 24, 2021. The last interest payment date, which
telah dilakukan pada tanggal 24 September falls due at the maturity has been be paid on
2021. Pembayaran bunga obligasi terakhir June 23, 2024.
sekaligus jatuh tempo telah dibayarkan pada
tanggal 23 Juni 2024.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 206/DIR/RATLTR/XII/2023 Indonesia No. 206/DIR/RATLTR/XII/2023 dated
tanggal 8 Desember 2023, Obligasi December 8, 2023, Shelf Bonds III Maybank
Berkelanjutan III Maybank Finance Tahap I Finance Tranche I Year 2021 are rated at
Tahun 2021 telah mendapat peringkat “AAA(idn)".
"AAA(idn)".
167
2024 Annual Report PT Bank Maybank Indonesia Tbk 805
Page 808
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan III Maybank Finance Shelf Bonds III Maybank Finance Tranche II
Tahap II Tahun 2022 dengan Tingkat Bunga Year 2022 with Fixed Interest Rates
Tetap
Pada tanggal 30 Maret 2022, entitas anak (MIF) On March 30, 2022, the subsidiary (MIF) issued
menerbitkan Obligasi Berkelanjutan III Shelf Bonds III Maybank Finance Tranche II
Maybank Finance Tahap II Tahun 2022 dengan Year 2022 with Fixed Interest Rate (“Shelf
Tingkat Bunga Tetap (“Obligasi Berkelanjutan Bonds III Tranche II”) with nominal value
III Tahap II”) dengan nilai nominal sebesar amounting to Rp800,000 which were offered at
Rp800.000 dan tingkat suku bunga tetap par and a fixed interest rate of 5.80% per annum.
sebesar 5,80% per tahun.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance,
penerbitan obligasi ini, setelah dikurangi after deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly
sejak tanggal penerbitan emisi, sesuai dengan basis, starting from the issuance date. The first
tanggal pembayaran masing-masing bunga bonds interest payment has been paid on
obligasi. Pembayaran bunga obligasi pertama June 30, 2022. The last interest payment date,
telah dilakukan pada tanggal 30 Juni 2022. which falls due at the maturity will be paid on
Pembayaran bunga obligasi terakhir sekaligus March 30, 2025.
jatuh tempo akan dibayarkan pada tanggal
30 Maret 2025.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 224/DIR/RATLTR/XI/2024 Indonesia No. 224/DIR/RATLTR/XI/2024 dated
tanggal 29 November 2024, Obligasi November 29, 2024, Shelf Bonds III Maybank
Berkelanjutan III Maybank Finance Tahap II Finance Tranche II Year 2022 are rated at
Tahun 2022 telah mendapat peringkat “AAA(idn)".
"AAA(idn)".
168
806 2024 Annual Report
Page 809
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan IV Maybank Finance Shelf Bonds IV Maybank Finance Tranche I
Tahap I Tahun 2024 dengan Tingkat Bunga Year 2024 with Fixed Interest Rates
Tetap
Pada tanggal 5 Juli 2024, entitas anak (MIF) On July 5, 2024, the subsidiary (MIF) issued
menerbitkan Obligasi Berkelanjutan IV Shelf Bonds IV Maybank Finance Tranche I Year
Maybank Finance Tahap I Tahun 2024 dengan 2024 with Fixed Interest Rate (“Shelf Bonds IV
Tingkat Bunga Tetap (“Obligasi Berkelanjutan Tranche I”) with nominal value amounting to
IV Tahap I”) dengan nilai nominal sebesar Rp100,000 which were offered at par and a fixed
Rp100.000 dan tingkat suku bunga tetap interest rate of 6.70% per annum.
sebesar 6,70% per tahun.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the bonds issuance,
penerbitan obligasi ini, setelah dikurangi after deducted by issuance cost, is used by the
dengan biaya-biaya emisi dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary's license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
Bunga obligasi dibayarkan setiap 3 (tiga) bulan Interest on bonds is paid on a quarterly
sejak tanggal penerbitan emisi, sesuai dengan basis, starting from the issuance date. The first
tanggal pembayaran masing-masing bunga bonds interest payment has been paid on
obligasi. Pembayaran bunga obligasi pertama October 15, 2024. The last interest payment
telah dilakukan pada tanggal 15 Oktober 2024. date, which falls due at the maturity will be paid
Pembayaran bunga obligasi terakhir sekaligus on July 15, 2025.
jatuh tempo akan dibayarkan pada tanggal
15 Juli 2025.
Berdasarkan surat dari PT Fitch Ratings Based on the letter from PT Fitch Ratings
Indonesia No. 224/DIR/RATLTR/XI/2024 Indonesia No. 224/DIR/RATLTR/XI/2024 dated
tanggal 29 November 2024, Obligasi November 29, 2024, Shelf Bonds IV Maybank
Berkelanjutan IV Maybank Finance Tahap I Finance Tranche I Year 2024 are rated at
Tahun 2024 telah mendapat peringkat “AAA(idn)".
"AAA(idn)".
169
2024 Annual Report PT Bank Maybank Indonesia Tbk 807
Page 810
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Obligasi Berkelanjutan II Maybank Finance Shelf Bonds II Maybank Finance Tranche II,
Tahap II, Obligasi Berkelanjutan III Maybank Shelf Bonds III Maybank Finance
Finance tahap I dan II, dan Obligasi Tranche I and II, and Shelf Bonds IV Maybank
Berkelanjutan IV Maybank Finance tahap I ini Finance Tranche I are secured by consumer
dijamin dengan piutang berupa piutang financing receivables or leasing and/or other
pembiayaan konsumen atau sewa guna usaha receivables related to business activities of the
dan/atau piutang lain yang timbul sehubungan subsidiary which have not yet matured or do not
dengan kegiatan usaha yang dilakukan entitas have payment delinquency which are more than
anak yang belum jatuh tempo atau tidak 90 (ninety) calendar days after the latest payment
tertunggak pembayarannya melewati jangka matured. Secured value, Shelf Bonds II Maybank
waktu 90 (sembilan puluh) hari kalender setelah Finance Tranche II, Shelf Bonds III Maybank
angsuran terakhir jatuh tempo. Nilai jaminan Finance Tranche I, Shelf Bonds III Maybank
untuk Obligasi Berkelanjutan II Maybank Finance Tranche II, and Shelf Bonds IV Maybank
Finance Tahap II, Obligasi Berkelanjutan III Finance Tranche I must be 50.00% of the
Maybank Finance Tahap I, Obligasi principal amount of the Bonds at the minimum.
berkelanjutan III Maybank Finance Tahap II,
dan Obligasi berkelanjutan IV Maybank Finance
Tahap I adalah sekurang-kurangnya 50,00%
dari pokok obligasi.
Sebelum melunasi semua pokok dan bunga Prior to the redemption of entire principal and
obligasi serta pengeluaran lain yang menjadi interest of bonds and other charges which are
tanggung jawab entitas anak sehubungan the responsibility of the subsidiary in connection
dengan penerbitan obligasi, entitas anak, tanpa with the issuance of the bonds, the subsidiary,
persetujuan tertulis dari Wali Amanat, tidak without written consent of the Trustee, shall not
diperkenankan melakukan tindakan-tindakan, undertake, among others mergers or business
antara lain melakukan penggabungan atau combinations which will have negative effect to
peleburan usaha yang akan mempunyai akibat the subsidiary; conduct other payment in the
yang negatif terhadap entitas anak; melakukan year when the subsidiary does not pay liable
pembayaran lain pada tahun buku selama amount; provide loan to affiliation party more
entitas anak tidak melakukan pembayaran than 30.00% of the subsidiary’s equity; change
jumlah terutang; memberi pinjaman kepada main business of the subsidiary; decrease
pihak afiliasi lebih dari 30,00% ekuitas entitas authorized capital and/or issued capital and/or
anak; mengubah bidang usaha utama entitas paid up capital of the subsidiary; enter into
anak; melakukan penurunan modal dasar cooperation causing the subsidiary to be
dan/atau modal ditempatkan dan/atau modal controlled by the other party; transfer the
disetor entitas anak; mengadakan segala subsidiary’s assets with transaction value more
bentuk kerjasama yang mengakibatkan entitas than 40.00% of equity, except any receivables
anak diatur oleh pihak lain; mengalihkan harta transfer related to normal course of business;
kekayaan entitas anak dengan nilai transaksi and perform issuance of bonds or other similar
melebihi 40,00% dari ekuitas, kecuali instruments with higher preference collateral
pengalihan piutang dalam rangka menjalankan ratio.
kegiatan usahanya sehari-hari; dan melakukan
pengeluaran obligasi atau instrumen lain yang
sejenis dengan jaminan preferen yang memiliki
rasio jaminan lebih tinggi.
170
808 2024 Annual Report
Page 811
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
22. SURAT BERHARGA YANG DITERBITKAN 22. SECURITIES ISSUED (continued)
(lanjutan)
d. Obligasi MIF (lanjutan) d. Bonds MIF (continued)
Satu tahun setelah tanggal penjatahan, entitas One year after the allotment date, the subsidiary
anak dapat melakukan pembelian kembali (buy may repurchase (buy back) the bonds partially or
back) untuk sebagian atau seluruh obligasi fully prior to due date of the bonds principal. The
sebelum tanggal pelunasan pokok obligasi. subsidiary has the right to treat the repurchase
Entitas anak mempunyai hak untuk (buy back) to be used as the bonds redemption
memberlakukan pembelian kembali (buy back) or to be subsequently sold at market price
tersebut untuk dipergunakan sebagai following the provisions of Trustee Agreements
pelunasan obligasi atau untuk kemudian dijual and prevailing regulation.
kembali dengan harga pasar dengan
memperhatikan ketentuan dalam perjanjian
perwaliamanatan dan peraturan perundang-
undangan yang berlaku.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023 the
piutang pembiayaan konsumen yang consumer financing receivables pledged as
digunakan sebagai jaminan atas Obligasi MIF collateral on recourse basis to the Bonds MIF
adalah masing-masing sebesar Rp397.557 dan amounted to Rp397,557 and Rp825,000,
Rp825.000. respectively.
Penggunaan dana yang diperoleh dari hasil The fund acquired from the public offering, after
penawaran umum ini, setelah dikurangi dengan deducting issuance cost, will be used by the
biaya-biaya emisi, akan dipergunakan subsidiary as working capital for financing in
sepenuhnya oleh entitas anak, sebagai modal accordance with the subsidiary’s license under
kerja pembiayaan sebagaimana yang the prevailing provisions and regulations.
ditentukan oleh izin yang dimiliki entitas anak
berdasarkan ketentuan dan perundang-
undangan yang berlaku.
e. Lain-lain e. Others
Selama tahun 2024 dan 2023, Bank dan entitas During the year 2024 and 2023, the Bank and
anak telah memenuhi ketentuan tentang subsidiaries have fulfilled the clauses related to
pembatasan-pembatasan dan kewajiban- covenants and obligations according to the
kewajiban sebagaimana disepakati dalam Bonds Trustee Agreements in Notes 22b, 22c
Perjanjian Perwaliamanatan dalam Catatan and 22d.
22b, 22c dan 22d.
Bank dan entitas anak, telah melunasi pokok Bank and the subsidiaries have paid the
dan bunga obligasi secara tepat waktu. principal and interest of the bonds on time.
Obligasi-obligasi ini dicatat di Bursa Efek The bonds are listed on the Indonesia Stock
Indonesia. Exchange.
Informasi mengenai jatuh tempo diungkapkan Information on maturities is disclosed in
pada Catatan 54. Note 54.
171
2024 Annual Report PT Bank Maybank Indonesia Tbk 809
Page 812
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA 23. BORROWINGS
31 Desember/December 31
2024 2023
Pihak ketiga Third parties
Rupiah Rupiah
Pinjaman dari Sarana Loans received from Sarana
Multigriya Finansial (Persero) 600.000 - Multigriya Finansial (Persero)
Pinjaman antar bank 1.000.000 1.160.000 Interbank borrowing
Fasilitas Pembiayaan Pemilikan Motor Vehicle Ownership
Kendaraan Bermotor 5.149.494 4.983.182 Financing Facilities
Sub-jumlah - Rupiah 6.749.494 6.143.182 Sub-total - Rupiah
Mata uang asing Foreign currencies
Pinjaman dari Japan International Loans received from Japan International
Cooperation Agency (JICA) Cooperation Agency (JICA)
Two-Step Loans - 458 Two-Step Loans
Pinjaman antar bank 7.677.315 1.601.288 Interbank borrowing
Sub-jumlah - Mata uang asing 7.677.315 1.601.746 Sub-total - Foreign currencies
14.426.809 7.744.928
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities are disclosed in Note 54.
Catatan 54.
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak Financing Facilities
Entitas anak (WOM) Subsidiary (WOM)
Suku bunga per tahun/ Jumlah pinjaman/ Pembayaran angsuran/
Interest rate per annum Loan amount Payment of installment
31 Desember/December 31 31 Desember/December 31 31 Desember/December 31
2024 2023 2024 2023 2024 2023
Pinjaman bank/Bank loans
Pihak ketiga/Third parties
PT Bank Pan Indonesia Tbk 6,75% - 7,40% 6,00% - 7,40% 630.497 646.408 515.980 942.037
PT Bank Mandiri (Persero) Tbk 7,00% - 7,35% 6,00% - 7,50% 365.386 396.016 480.465 630.077
PT Bank Digital BCA 6.85% - 7,25% 7,25% 299.556 415.800 166.667 83.333
PT Bank KEB Hana Indonesia 6,00% - 7,25% 6,00% - 7,25% 206.510 216.912 210.463 124.431
PT Bank Maspion Indonesia Tbk 7,00% 7,00% 169.054 267.031 98.333 27.361
PT Bank QNB Indonesia 6.85% - 7,15% - 162.117 - 12.500 -
PT Bank DBS Indonesia 7,00% - 116.449 - 33.333 -
PT Bank DKI 6,00% - 7,25% 6,00% - 7,25% 99.893 182.998 83.333 58.333
PT Bank IBK Indonesia Tbk 7,00% 7,00% 99.265 145.901 46.825 3.757
PT Bank Shinhan Indonesia 6,00% 6,00% 29.152 79.061 50.000 50.000
PT Bank DKI Unit Syariah 6,00% 6,00% 9.810 23.379 13.569 12.781
PT Bank Permata Tbk 6,50% 6,50% 2.778 52.731 50.000 50.000
PT Bank HSBC Indonesia 6,25% 6,25% - 200.000 200.000 -
PT Bank HIBank Indonesia 6,30% - - - 100.000 -
PT Bank CTBC Indonesia - 8,40% - - - 12.500
Jumlah/Total 2.190.467 2.626.237 2.061.468 1.994.610
172
810 2024 Annual Report
Page 813
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
31 Desember/December 31, 2024
Jumlah fasilitas yang
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ belum ditarik/ Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount Undrawn facility amount Maturity date facility
Pihak ketiga/Third parties
Pasar Uang/ 12 Agustus/
PT Bank Pan Indonesia Tbk Money Market 002/IBD-MM/LEG/19/Per.IX August 12, 2024 200.000 200.000 28 Mei/May 28 , 2025
Rekening Koran/ 12 Agustus/
PT Bank Pan Indonesia Tbk Overdraft 002/IBD-PRK/LEG/19/Per.IX August 12, 2024 50.000 50.000 28 Mei/May 28 , 2025
Pinjaman Tetap/ 13 November/
PT Bank Pan Indonesia Tbk Term Loan 08 November 13, 2024 800.000 800.000 13 Mei/May 28 , 2028
Kredit Jangka Pendek/ 13 Juni/
PT Bank Mandiri (Persero) Tbk Short Term Loan WCO.KP/302/KJP/2022 June 13, 2024 100.000 100.000 15 Juni/June 15 , 2025
Kredit Modal Kerja/ 25 September/
PT Bank Mandiri (Persero) Tbk Working Capital Loan 185 September 25 , 2024 500.000 500.000 25 September/September 25 , 2029
Pinjaman Berjangka/ 30 September/
PT DBS Indonesia Term Loan 22 September 30 , 2024 150.000 150.000 30 Maret/March 30 , 2028
Pinjaman Berjangka/ 25 Maret/
PT Bank QNB Indonesia Tbk Term Loan 54 March 25 , 2024 275.000 100.000 17 Desember/December 17 , 2027
Pasar Uang/ 11 Juni/
PT Bank Permata Tbk Money Market 1516/MM/ADD/VI/2024/CG6 June 11 , 2024 200.000 200.000 30 April/April 30 , 2025
Pinjaman Berjangka/ 13 Maret/
PT Bank HIBank Indonesia Term Loan 20 March 13 , 2024 100.000 100.000 13 Maret/March 13 , 2025
Kredit Lokal (Rekening
Koran)/Local Credit 29 Januari/
PT Bank Central Asia Tbk (Current Account) 038/Add-KCK/2024 January 29 , 2024 25.000 25.000 20 April/April 20 , 2025
Pasar Uang/ 16 Mei Masih berlaku sampai informasi
PT Bank HSBC Indonesia Money Market CDT/2020/03/0420 May 16, 2019 200.000 200.000 lebih lanjut/Still valid
Fasilitas Pinjaman/ 2 Oktober/
PT Bank Digital BCA Installment Loan 09 October 2 , 2024 300.000 250.000 22 Desember/December 22 , 2027
Kredit Modal Kerja/ 9 Oktober/
PT Bank IBK Indonesia Tbk Working Capital Loan 117 October 9 , 2024 150.000 150.000 22 Desember/December 22 , 2027
Kredit Angsuran
Berjangka/
Term Installment 16 Desember/
PT Bank Danamon Indonesia Tbk Credit 181 December 16, 2024 500.000 500.000 16 Desember/December 16 , 2027
31 Desember/December 31 , 2023
Jumlah fasilitas yang
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ belum ditarik/ Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount Undrawn facility amount Maturity date facility
Pihak ketiga/Third parties
Pasar Uang/ 24 Mei/
PT Bank Pan Indonesia Tbk Money Market 002/IBD-MM/LEG/19/Per.VIII May 24 , 2023 200.000 200.000 28 Mei/May 28 , 2024
Rekening Koran/ 24 Mei/
PT Bank Pan Indonesia Tbk Overdraft 002/IBD-PRK/LEG/19/Per.VIII May 24 , 2023 50.000 50.000 28 Mei/May 28 , 2024
Kredit jangka pendek/ 16 Juni/
PT Bank Mandiri (Persero) Tbk Short term loan WCO.KP/302/KJP/2022 June 16 , 2023 100.000 100.000 15 Juni/June 15 , 2024
60 (enam puluh) bulan sejak tanggal
penandatanganan Perjanjian Kredit/60
Kredit Modal Kerja/ 26 Juli/ (sixty) months from the signing date of
PT Bank Mandiri (Persero) Tbk Working Capital Loan 167 July 26 , 2023 500.000 500.000 Credit Agreement
Pasar Uang/ 1 Februari/
PT Bank Permata Tbk Money Market 002/SK/CG6/WB/02/2023 February 1 , 2024 200.000 200.000 30 April/April 30 , 2024
Kredit Lokal (Rekening
Koran)/Local Credit 29 Januari/
PT Bank Bank Central Asia Tbk (Current Account) 038/Add-KCK/2024 January 29 , 2024 25.000 25.000 20 Januari/January 20 , 2025
173
2024 Annual Report PT Bank Maybank Indonesia Tbk 811
Page 814
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Selama tahun yang berakhir pada tanggal 31 During the year then ended December 31, 2024
Desember 2024 dan 2023, entitas anak telah and 2023, subsidiary has paid the loan principal
melakukan pembayaran cicilan pokok dan and interest installments on schedule.
bunga sesuai jadwal yang ditetapkan.
Pinjaman-pinjaman ini dijaminkan dengan These loans are secured by multi-purpose
piutang pembiayaan multiguna masing-masing financing receivables amounting to
sebesar Rp1.874.246 dan Rp2.278.276 pada Rp1,874,246 and Rp2,278,276 as of
tanggal 31 Desember 2024 dan 2023, piutang December 31, 2024 and 2023, respectively,
pembiayaan modal kerja masing-masing working capital financing receivables
sebesar Rp56.434 dan Rp97.935 pada tanggal amounting to Rp56,434 and Rp97,935 as of
31 Desember 2024 dan 2023, dan piutang December 31, 2024 and 2023, respectively,
pembiayaan investasi masing-masing sebesar and investment financing receivables
Rp241.000 dan Rp210.670 pada tanggal 31 amounting to Rp241,000 and Rp210,670 as of
Desember 2024 dan 2023. December 31, 2024 and 2023, respectively.
Perjanjian-perjanjian dengan bank-bank di Under the above agreements with banks
atas, mensyaratkan Entitas anak untuk tidak mentioned above, without prior approval from
melakukan hal-hal berikut ini, sebelum those banks, is not allowed to, among others,
memperoleh persetujuan dari bank-bank enter into consolidation, merger, acquisitions or
tersebut, yang antara lain, melakukan investments in shares of stock; sell the
konsolidasi, merger, akuisisi atau penyertaan subsidiary’s assets; enter into new investments;
saham; penjualan aset Entitas anak; melakukan change the Articles of Association relating to
investasi baru; perubahan Anggaran Dasar capital reduction; provide financing to other
berupa penurunan modal; pembiayaan kepada related parties and unrelated parties other than
entitas anak berelasi maupun entitas anak in the normal course of business; act as a
lainnya di luar transaksi usaha sehari-hari; guarantor of or collateralize the Subsidiary’s
mengikatkan diri sebagai penanggung kepada assets to obligation of other parties; repay the
pihak lain atau menjaminkan aset Entitas anak loans obtained from all stockholders; float the
kepada pihak lain; pelunasan pinjaman kepada Subsidiary’s shares to the public or buy back
seluruh pemegang saham; penawaran umum the Subsidiary’s shares; alter the Subsidiary’s
atas saham Entitas anak atau pembelian nature of business; pledge the same BPKB as
kembali saham Entitas anak; perubahan bentuk collateral to other parties and obtain loans or
usaha Entitas anak; menjaminkan kembali credits from other financial institutions except in
BPKB kepada pihak lain dan memperoleh the normal course of business.
pinjaman atau kredit dari lembaga keuangan
lain kecuali untuk kegiatan usaha yang normal.
174
812 2024 Annual Report
Page 815
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
Entitas anak (WOM) (lanjutan) Subsidiary (WOM) (continued)
Dalam perjanjian pinjaman tersebut, Entitas Under the loan agreements, the Subsidiary is
anak juga diwajibkan untuk memenuhi also obliged to comply with financial covenants
persyaratan keuangan seperti gearing ratio dan such as gearing ratio and Non Performing Loan
Non Performing Loan ratio. Pada tanggal 31 ratio. As of December 31, 2024 and 2023, the
Desember 2024 dan 2023, Entitas anak telah Subsidiary has complied with the terms and
memenuhi persyaratan dan kondisi yang conditions set forth in the bank loan agreement
tertuang di dalam perjanjian pinjaman bank as follows:
seperti berikut ini:
Rasio/Ratio Ratio maksimal/Maximum ratio
Gearing Ratio Bervariasi antara 10:1 dan 8:1 maksimal 10
kali/Varied from 10:1 and 8:1 maximum 10 times
Non Performing Loan - gross Di atas 90 (sembilan puluh) hari maksimal
5,00%/Above 90 (ninety) days maximum of 5.00%
Non Performing Loan - net Bervariasi dari diatas 60 (enam puluh) hari dan 90
(sembilan puluh) hari maksimal 3,00%-
5,00%/Varied from above 60 (sixty) days and 90
(ninety) days maximum of 3.00% - 5.00%
Fasilitas-fasilitas pinjaman ini dipergunakan The loan facilities are used for the Subsidiary’s
untuk modal kerja kegiatan usaha Entitas anak. working capital.
Seluruh utang bank adalah dengan pihak All the bank loans are to third parties.
ketiga.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the
Entitas anak telah mematuhi seluruh Subsidiary has complied with all significant loan
persyaratan penting termasuk covenants include maintaining financial ratios
mempertahankan rasio-rasio keuangan as required in the agreement with the
sehubungan dengan perjanjian dengan bank- aforementioned banks.
bank tersebut di atas.
175
2024 Annual Report PT Bank Maybank Indonesia Tbk 813
Page 816
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
Entitas anak (MIF) Subsidiary (MIF)
Suku bunga per tahun/ Jumlah pinjaman/ Pembayaran angsuran/
Interest rate per annum Loan amount Payment of installment
31 Desember/December 31 31 Desember/December 31 31 Desember/December 31
2024 2023 2024 2023 2024 2023
Pinjaman bank/Bank loans
Pihak ketiga/Third parties
PT Bank DBS Indonesia - 5,73% - 100.000 100.000 100.000
PT Bank Pan Indonesia Tbk - 6,50% - 55.556 - 395.834
PT Bank Pan Indonesia Tbk 6,75% 6,75% 739.583 479.167 295.139 -
PT Bank Negara Indonesia (Persero) Tbk 6,00% 6,00% 394.444 622.222 227.777 77.779
PT Bank Victoria International Tbk. 6,30% 6,20% 500.000 300.000 - 300.000
PT Bank UOB Indonesia 6,25% - 150.000 - - -
PT Bank HSBC Indonesia 6,36% 6,20% 575.000 700.000 1.050.000 1.300.000
PT Bank OCBC NISP Tbk - - - - 100.000 -
PT Bank BTPN Tbk - - - - - -
PT Bank Mandiri (Persero) Tbk - - - - 350.000 400.000
PT Bank Danamon Indonesia Tbk - - - - - -
Bank MUFG, Ltd 5.95% - 200.000 - - -
PT Bank Hibank Indonesia 6.25% 6,20% 200.000 100.000 300.000 100.000
PT Bank Mizuho Indonesia 5.95% - 200.000 - - -
Jumlah/Total 2.959.027 2.356.945 2.422.916 2.673.613
31 Desember/December 31 , 2024
Jumlah fasilitas yang
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ belum ditarik/ Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount Undrawn facility amount Maturity date facility
Pihak ketiga/Third parties
Pinjaman Berjangka/ 12 November/
PT Bank DBS Indonesia Term Loan No. 136/PFPA-DBSI/XI/1-2/2021 November 12, 2021 300.000 - 12 Mei/May 12 , 2025
Pinjaman Berjangka/ 24 Oktober/
PT Bank Pan Indonesia Tbk Term Loan No. 290/IBD/EXT/23 October 24, 2023 1.000.000 - 26 Januari/January 26 , 2028
Pinjaman Berjangka/ 18 Agustus/
PT Bank Negara Indonesia (Persero) Tbk Term Loan No. INT/07/0329/R August 18 , 2023 700.000 - 29 Agustus/August 29 , 2026
Pasar Uang/ 19 Maret/
PT Bank Victoria International Tbk Money Market No. 043/SKM-KPP/VIC/III/2024 March 19 , 2024 500.000 - 25 Maret/March 25 , 2025
Pasar Uang/ 27 Agustus/
PT Bank UOB Indonesia Money Market No. 1121/08/2024 August 27 , 2024 150.000 - 27 Agustus/August 27 , 2025
Pasar Uang/ 3 Januari/
PT Bank HSBC Indonesia Money Market No. CDT/2024/01/5112 January 3 , 2024 1.000.000 425.000 31 Januari/January 31 , 2025
Pasar Uang/ 27 Agustus/
PT Bank OCBC NISP Tbk Money Market No. 406/ILS-JKT/PK/VIII/2024 August 27 , 2024 300.000 300.000 27 Agustus/August 27 , 2025
Pasar Uang/ 31 Januari/
PT Bank BTPN Tbk Money Market No. PKS.013/DIR/FINTF/I/2019 January 31 , 2019 100.000 100.000 31 Januari/January 31 , 2025
Pasar Uang/ 14 Desember/
PT Bank Mandiri (Persero) Tbk Money Market No. CRO.KP/482/KJP/2018 Akta Nomor 63 December 14 , 2023 600.000 600.000 18 Desember/December 18 , 2024
Pasar Uang/ 27 Agustus/
PT Bank Danamon Indonesia Tbk Money Market No. B.544/ARO/EB/0824 August 27 , 2024 100.000 100.000 31 Agustus/August 31 , 2025
Pasar Uang/ 16 Januari/
Bank MUFG, Ltd Money Market No. 2023-0058190 January 16 , 2024 200.000 - 16 Januari/January 16 , 2025
Pasar Uang/ 28 Agustus/
PT Bank Hibank Indonesia Money Market No. 035/OL/KY/VIII/2024 August 28 , 2024 200.000 - 28 Agustus/August 28 , 2025
Pasar Uang/ 31 Januari/
PT Bank Mizuho Indonesia Money Market No. 038/AMD/MZH/0124 January 31 , 2024 200.000 - 31 Agustus/August 31 , 2025
176
814 2024 Annual Report
Page 817
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
31 Desember/December 31 , 2023
Jumlah fasilitas yang
Nama bank/ Jenis pinjaman/ Nomor perjanjian/ Tanggal perjanjian/ Jumlah fasilitas/ belum ditarik/ Jatuh tempo fasilitas/
Bank name Loan type Agreement number Agreement date Facility amount Undrawn facility amount Maturity date facility
Pihak ketiga/Third parties
Pinjaman Berjangka/ 12 November/
PT Bank DBS Indonesia Term Loan No. 136/PFPA-DBSI/XI/1-2/2021 November 12, 2021 300.000 - 12 Mei/May 12 , 2025
Pinjaman Berjangka/ 22 Maret/
PT Bank Pan Indonesia Tbk Term Loan No. 094/IBD/EXT/21 March 22 , 2021 500.000 - 7 April/April 7 , 2024
Pinjaman Berjangka/ 18 Agustus/
PT Bank Negara Indonesia (Persero) Tbk Term Loan No. INT/07/0329/R August 18 , 2023 700.000 - 29 Agustus/August 29 , 2026
Pasar Uang/ 13 Maret/
PT Bank Victoria International Tbk Money Market No. 045/SKM-KPP/VIC/III/2023 March 13 , 2023 500.000 200.000 25 Maret/March 25 , 2024
Pasar Uang/ 19 Agustus/
PT Bank UOB Indonesia Money Market No. 936/08/2021 August 19 , 2021 150.000 150.000 31 Agustus/August 31 , 2025
Pasar Uang/ 10 Oktober/
PT Bank HSBC Indonesia Money Market No. JAK/000369/U/00388874 October 10 , 2017 1.000.000 300.000 -
Pasar Uang/ 24 November/
PT Bank OCBC NISP Tbk Money Market No. 469/ILS-JKT/PK/XI/2023 November 24, 2023 300.000 300.000 14 Juli/July 14 , 2024
Pasar Uang/ 31 Januari/
PT Bank BTPN Tbk Money Market No. PKS.013/DIR/FINTF/I/2019 January 31 , 2019 100.000 100.000 31 Januari/January 31 , 2024
Pasar Uang/ 8 Desember/
PT Bank Mandiri (Persero) Tbk Money Market No. CRO.KP/482/KJP/2018 Akta Nomor 63 December 8 , 2022 600.000 600.000 18 Desember/December 18 , 2024
Pasar Uang/ 1 Agustus/
PT Bank Danamon Indonesia Tbk Money Market No. B.383/ARO/EB/0823 August 1 , 2023 100.000 100.000 14 Mei/May 14 , 2024
Pasar Uang/ 16 Januari/
Bank MUFG, Ltd Money Market No. 0003/CF/CDU-NJ/RAD/23/2022-0056796 January 16 , 2023 200.000 200.000 16 Januari/January 16 , 2024
Pasar Uang/ 18 Agustus/
PT Bank Hibank Indonesia Money Market No. 021/OL/KY/VIII/2023 August 18 , 2023 100.000 - 18 Agustus/August 18 , 2024
Pasar Uang/ 31 Januari/
PT Bank Mizuho Indonesia Money Market No. 042/MA/MZH/0123 January 31 , 2023 200.000 200.000 31 Januari/January 31 , 2024
Selama tahun yang berakhir pada tanggal 31 During the year then ended December 31, 2024
Desember 2024 dan 2023, entitas anak telah and 2023, subsidiary has paid the loan principal
melakukan pembayaran cicilan pokok dan and interest installments on schedule.
bunga sesuai jadwal yang ditetapkan.
Pinjaman-pinjaman ini dijaminkan dengan These loans are secured by finance lease
piutang sewa pembiayaan masing-masing recevables amounting to Rp4,832 and Rp6,574
sebesar Rp4.832 dan Rp6.574 pada tanggal 31 as of December 31,2024 and 2023,
Desember 2024 dan 2023 dan piutang respectively and consumer financing
pembiayaan konsumen masing-masing receivables amounting to Rp753,093 and
sebesar Rp753.093 dan Rp1.139.714 pada Rp1,139,714 as of December 31,2024 and
tanggal 31 Desember 2024 dan 2023. 2023, respectively.
177
2024 Annual Report PT Bank Maybank Indonesia Tbk 815
Page 818
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
a. Fasilitas Pembiayaan Pemilikan Kendaraan a. Subsidiaries’ Motor Vehicle Ownership
Bermotor Entitas Anak (lanjutan) Financing Facilities (continued)
Entitas anak (MIF) (lanjutan) Subsidiary (MIF) (continued)
Perjanjian-perjanjian dengan bank-bank di above, without prior approval from those banks,
atas, mensyaratkan Entitas anak untuk tidak is not allowed to, among others, enter into
melakukan hal-hal berikut ini, sebelum consolidation, merger, acquisitions or
memperoleh persetujuan dari bank-bank investments in shares of stock; sell the
tersebut, yang antara lain, melakukan Subsidiary’s assets; enter into new
konsolidasi, merger, akuisisi atau penyertaan investments; change the Articles of Association
saham; penjualan aset Entitas anak; melakukan relating to capital reduction; provide financing to
investasi baru; perubahan Anggaran Dasar other related parties and unrelated parties other
berupa penurunan modal; pembiayaan kepada than in the normal course of business; act as a
entitas anak berelasi maupun entitas anak guarantor of or collateralize the Subsidiary’s
lainnya di luar transaksi usaha sehari-hari; assets to obligation of other parties; repay the
mengikatkan diri sebagai penanggung kepada loans obtained from all stockholders; float the
pihak lain atau menjaminkan aset Entitas anak Subsidiary’s shares to the public or buy back
kepada pihak lain; pelunasan pinjaman kepada the Subsidiary’s shares; alter the Subsidiary’s
seluruh pemegang saham; penawaran umum nature of business; pledge the same BPKB as
atas saham Entitas anak atau pembelian collateral to other parties and obtain loans or
kembali saham Entitas anak; perubahan bentuk credits from other financial institutions except in
usaha Entitas anak; menjaminkan kembali the normal course of business.
BPKB kepada pihak lain dan memperoleh
pinjaman atau kredit dari lembaga keuangan
lain kecuali untuk kegiatan usaha yang normal.
Dalam perjanjian pinjaman tersebut, Entitas Under the loan agreements, the Subsidiary is
anak juga diwajibkan untuk memenuhi also obliged to comply with financial covenants
persyaratan keuangan seperti rasio jumlah such as gearing ratio and Non Performing Loan
utang terhadap ekuitas dan Non Performing ratio. As of December 31, 2024 and 2023, the
Loan ratio. Pada tanggal 31 Desember 2024 Subsidiary has complied with the terms and
dan 2023, Entitas anak telah memenuhi conditions set forth in the bank loan agreement
persyaratan dan kondisi yang tertuang di dalam as follows:
perjanjian pinjaman bank seperti berikut ini:
Rasio/Ratio Ratio maksimal/Maximum ratio
Rasio jumlah utang terhadap ekuitas/Debt to Bervariasi antara 10:1 dan 8:1 maksimal 10
Equity Ratio kali/Varied from 10:1 and 8:1 maximum 10 times
Non Performing Loan - gross Di atas 90 (sembilan puluh) hari maksimal
5,00%/Above 90 (ninety) days maximum of 5.00%
Non Performing Loan - net Bervariasi dari di atas 90 (sembilan puluh) hari
maksimal 3,00% - 5,00%/Varied from above 90
(ninety) days maximum of 3.00% - 5.00%
Fasilitas-fasilitas pinjaman ini dipergunakan The loan facilities are used for the Subsidiary’s
untuk modal kerja kegiatan usaha Entitas anak. working capital.
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the
Entitas anak telah mematuhi seluruh Subsidiary has complied with all significant loan
persyaratan penting termasuk covenants include maintaining financial ratios
mempertahankan rasio-rasio keuangan as required in the agreement with the
sehubungan dengan perjanjian dengan bank- aforementioned banks.
bank tersebut di atas.
178
816 2024 Annual Report
Page 819
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
b. Pinjaman dari Sarana Multigriya Finansial b. Loans received from Sarana Multigriya
(Persero) Finansial (Persero)
Akun ini merupakan fasilitas pinjaman dari This account represents credit facilities from
Sarana Multigriya Finansial (Persero). Sarana Multigriya Finansial (Persero).
Pinjaman ini merupakan Uncommitted Facility This loan is term loan facility with plafond of
Line dengan plafond maksimal Rp2.000.000. Rp2,000,000. This facility is Non-Revolving and
Fasilitas ini bersifat Non-Revolving dan hanya can only withdrawn during an availability period
dapat ditarik selama availability period selama of 1 (one) year from the date signing the credit.
1 (satu) tahun sejak tanggal penandatangan The interest rate will be determined at the time
perjanjian kredit dengan tingkat suku bunga of the loan withdrawal.
yang akan ditetapkan setiap ada penarikan
kredit.
c. Pinjaman dari Japan International c. Loans received from Japan International
Cooperation Agency (JICA) Cooperation Agency (JICA)
“Two-Step Loans” adalah pinjaman yang The “Two-Step Loans” are loans received from
diterima dari Japan International Cooperation Japan International Cooperation Agency to be
Agency untuk disalurkan kepada nasabah Bank distributed to the Bank’s customers (PT Japan
(PT Japan Indonesia Economic Center Indonesia Economic Center (PT JIAEC)).
(PT JIAEC)).
Akun ini merupakan fasilitas pinjaman dari JICA This account represents credit facilities from
melalui Bank untuk membiayai proyek di JICA through Bank to finance the following
Indonesia sebagai berikut: project in Indonesia:
Fasilitas Kredit/ Tujuan/
Credit Facilities Purpose
JICA Program pembiayaan pembangunan gedung PT JIAEC/Construction
building financing program for PT JIAEC.
Pinjaman ini merupakan fasilitas pinjaman This loan is term loan facility with plafond of
berjangka dengan plafond sebesar JPY80,000,000. Term of facility is 10 (ten)
JPY80.000.000. Fasilitas ini memiliki jangka years and it has matured on March 11, 2024
waktu 10 (sepuluh) tahun dan telah jatuh tempo with interest rate at 0.82% per annum.
pada tanggal 11 Maret 2024 dengan tingkat
bunga sebesar 0,82% per tahun.
179
2024 Annual Report PT Bank Maybank Indonesia Tbk 817
Page 820
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
d. Pinjaman antar Bank d. Interbank Borrowing
31 Desember/December 31, 2024
Suku bunga
per tahun/
Tanggal dimulai/ Tanggal jatuh tempo/ Interest rate Jumlah/
Starting date Maturity date per annum Total
Pihak Ketiga Third Parties
Rupiah Rupiah
20 Desember/ 20 Januari/
MUFG Bank Cabang Jakarta December 20, 2024 January 20, 2025 6,25% 500.000 MUFG Bank Jakarta Branch
27 Desember/ 24 Desember/
PT Bank ICBC Indonesia December 27, 2024 December 24, 2025 6,63% 500.000 PT Bank ICBC Indonesia
Sub-jumlah - Rupiah 1.000.000 Sub-total - Rupiah
Mata uang asing Foreign currencies
25 Juni/ 25 Juni/
PT Citibank N.A. June 25, 2024 June 25, 2025 4,93% 724.275 PT Citibank N.A.
9 Agustus/ 9 Agustus/
MUFG Bank Cabang Jakarta August 9, 2024 August 9, 2027 5,75% 563.325 MUFG Bank Jakarta Branch
22 Agustus/ 22 Agustus/
MUFG Bank Cabang Jakarta August 22, 2024 August 22, 2025 5,43% 1.609.500 MUFG Bank Jakarta Branch
30 September/ 30 September/
MUFG Bank Cabang Jakarta September 30, 2024 September 30, 2027 5,34% 1.046.175 MUFG Bank Jakarta Branch
8 November/ 7 November/
PT Citibank N.A. November 8, 2024 November 7, 2025 4,65% 402.375 PT Citibank N.A.
18 November/ 18 Februari/
PT Bank Rakyat Indonesia (Persero) Tbk November 18, 2024 February 18, 2025 4,81% 482.850 PT Bank Rakyat Indonesia (Persero) Tbk
20 November/ 20 Februari/
PT Bank Rakyat Indonesia (Persero) Tbk November 20, 2024 February 20, 2025 4,84% 869.130 PT Bank Rakyat Indonesia (Persero) Tbk
29 November/ 28 Februari/
Bank Standard Chartered November 29, 2024 February 28, 2025 4,82% 346.043 Bank Standard Chartered
2 Desember/ 2 Juni/
PT Bank Rakyat Indonesia (Persero) Tbk December 2, 2024 June 2, 2025 4,81% 321.900 PT Bank Rakyat Indonesia (Persero) Tbk
3 Desember/ 3 Maret/
Bank Standard Chartered December 3, 2024 March 3, 2025 4,79% 877.177 Bank Standard Chartered
5 Desember/ 5 Juni/
PT Bank Rakyat Indonesia (Persero) Tbk December 5, 2024 June 5, 2025 4,78% 193.140 PT Bank Rakyat Indonesia (Persero) Tbk
11 Desember/ 10 Januari/
MUFG Bank Cabang Jakarta December 11, 2024 January 10, 2025 4,65% 241.425 MUFG Bank Jakarta Branch
Sub-jumlah - Mata uang asing 7.677.315 Sub-total - Foreign currencies
Jumlah 8.677.315 Total
180
818 2024 Annual Report
Page 821
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
23. PINJAMAN DITERIMA (lanjutan) 23. BORROWINGS (continued)
d. Pinjaman antar Bank (lanjutan) d. Interbank Borrowing (continued)
31 Desember/December 31, 2023
Suku bunga
per tahun/
Tanggal dimulai/ Tanggal jatuh tempo/ Interest rate Jumlah/
Starting date Maturity date per annum Total
Pihak Ketiga Third Parties
Rupiah Rupiah
23 Juni/ 21 Juni/
PT Citibank N.A. June 23, 2023 June 21, 2024 6,38% 660.000 PT Citibank N.A.
27 Desember/ 27 Desember/
PT Bank ICBC Indonesia December 27, 2023 December 27, 2024 6,65% 500.000 PT Bank ICBC Indonesia
Sub-jumlah - Rupiah 1.160.000 Sub-total - Rupiah
Mata uang asing Foreign currencies
26 September/ 25 September/
PT Citibank N.A. September 26, 2023 September 25, 2024 5,77% 446.513 PT Citibank N.A.
24 November/ 26 Februari/
PT Bank Rakyat Indonesia (Persero) Tbk November 24, 2023 February 26, 2024 5,77% 215.558 PT Bank Rakyat Indonesia (Persero) Tbk
27 Desember/ 27 Desember/
PT Bank Danamon Indonesia Tbk December 27, 2023 December 27, 2024 6,07% 538.895 PT Bank Danamon Indonesia Tbk
28 Desember/ 29 Januari/
MUFG Bank Cabang Jakarta December 28, 2023 January 29, 2024 5,66% 400.322 MUFG Bank Jakarta Branch
Sub-jumlah - Mata uang asing 1.601.288 Sub-total - Foreign currencies
Jumlah 2.761.288 Total
Tidak ada jaminan yang diberikan oleh Bank As of December 31, 2024 and 2023, there is no
atas pinjaman antar bank yang diterima per 31 collateral provided by the Bank for interbank
Desember 2024 dan 2023. borrowing received.
e. Lainnya e. Other
Per 31 Desember 2024 dan 2023, Bank dan As of December 31, 2024 and 2023, the Bank
entitas anak telah mematuhi seluruh and the subsidiaries have complied with all
persyaratan perjanjian yang sudah disepakati loan covenants, agreed between the Banks
oleh Bank dan entitas anak dengan pemberi and subsidiaries with the lenders.
pinjaman tersebut.
181
2024 Annual Report PT Bank Maybank Indonesia Tbk 819
Page 822
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN 24. INCOME TAX
a. Utang pajak a. Taxes payable
Utang pajak terdiri dari: Taxes payable consist of:
31 Desember/December 31
2024 2023
Bank Bank
Pajak penghasilan badan - 158.327 Corporate income tax
Pajak penghasilan: Income tax:
- Pasal 21 37.846 53.712 Article 21 -
- Pasal 23/26 10.117 7.882 Article 23/26 -
- Pasal 4(2) 127.650 66.545 Article 4(2) -
- Lainnya 58.752 8.421 Others -
Pajak pertambahan nilai 5.337 5.829 Value added tax
239.702 300.716
Entitas anak Subsidiaries
Pajak penghasilan badan dan Corporate income tax and
Pajak penghasilan pasal 25 60.380 82.600 Income tax article 25
Pajak penghasilan (pasal 21, Other income tax (article 21,
23/26, 4(2) dan lainnya) 11.540 9.968 23/26, 4(2) and others)
Pajak pertambahan nilai 4.686 1.941 Value added tax
76.606 94.509
Konsolidasian Consolidated
Pajak penghasilan badan dan Corporate income tax and
Pajak penghasilan pasal 25 60.380 240.927 Income tax article 25
Pajak penghasilan (pasal 21, Other income tax (article 21,
23/26, 4(2) dan lainnya) 245.905 146.528 23/26, 4(2) and others)
Pajak pertambahan nilai 10.023 7.770 Value added tax
316.308 395.225
b. Beban pajak penghasilan b. Income tax expense
Beban pajak penghasilan Bank dan entitas anak Income tax expenses of the Bank and
terdiri dari: subsidiaries consisted of the following:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Bank Bank
Kini 89.834 414.464 Current
Tangguhan 117.057 (88.708) Deferred
206.891 325.756
Entitas anak Subsidiaries
Kini 202.919 214.203 Current
Tangguhan (8.140) (3.035) Deferred
194.779 211.168
Konsolidasian Consolidated
Kini 292.753 628.667 Current
Tangguhan 108.917 (91.743) Deferred
401.670 536.924
182
820 2024 Annual Report
Page 823
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Rekonsiliasi antara laba sebelum beban pajak A reconciliation between the Bank’s income
Bank, seperti yang disajikan dalam laporan laba before tax expense as shown in the
rugi dan penghasilan komprehensif lain consolidated statements of profit or loss and
konsolidasian dan penghasilan kena pajak other comprehensive income and taxable
untuk tahun yang berakhir pada tanggal income for the year ended December 31, 2024
31 Desember 2024 dan 2023 adalah sebagai and 2023, are as follows:
berikut:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Laba sebelum beban pajak dan Income before tax expense
kepentingan non- and non-controlling interest -
pengendali - konsolidasian 1.600.313 2.354.674 consolidated
Dikurangi: Penghasilan sebelum Less: Income before tax expense -
pajak - entitas anak 683.855 674.731 subsidiaries
Laba sebelum beban Income before tax expense
pajak - Bank 916.458 1.679.943 - Bank
Laba cabang luar negeri (26.583) (13.861) Gain from overseas branch
Pendapatan yang dikenakan
pajak final (319) (319) Income subject to final tax
Laba Bank disesuaikan Adjusted income before
sebelum pajak penghasilan 889.556 1.665.763 tax of the Bank
Perbedaan waktu Temporary differences
Perbedaan antara komersial Differences between commercial
dan fiskal atas: and tax amounts on:
- Penyisihan imbalan
kerja karyawan 202.059 134.252 Provision for employee benefits -
- Penyisihan bonus karyawan (4.888) 66.439 Provision for employee bonuses -
- Penyisihan kerugian
aset produktif dan Provision for possible losses on -
non-produktif (627.662) 378.988 earning and non-earning assets
- Lain-lain (101.583) (176.460) Others -
(532.074) 403.219
Perbedaan tetap Permanent differences
Perbedaan antara komersial Differences between commercial
dan fiskal atas: and tax amounts on:
- Dividen dari anak perusahaan (225.981) (216.633) Dividend from subsidiary -
- Penurunan/(kenaikan) nilai - Decrease/(increase) in values
efek-efek yang diperdagangkan 8.597 6.523 of trading securities
- Lain-lain 46.347 25.056 Others -
(171.037) (185.054)
Penghasilan kena pajak 186.445 1.883.928 Taxable income
Beban pajak penghasilan kini - Bank 41.017 414.464 Corporate income tax expenses - Bank
Surat ketetapan pajak - Bank 48.817 - Tax assessment letter - Bank
Beban pajak penghasilan kini - Entitas anak 202.919 214.203 Corporate income tax expenses - Subsidiaries
292.753 628.667
Dikurangi: Less:
Pajak dibayar dimuka pasal 25 - Bank (145.986) (256.137) Prepaid tax article 25 - Bank
Surat ketetapan pajak - Bank (48.817) - Tax assessment letter - Bank
Surat ketetapan pajak - Entitas anak - (1.532) Tax assessment letter - Subsidiaries
Pajak dibayar dimuka - Entitas anak (142.539) (130.071) Prepaid tax - subsidiaries
Utang pajak penghasilan/ Corporate income tax payable/
(Pajak penghasilan dibayar dimuka) (Prepaid income tax)
Pajak penghasilan dibayar dimuka - Bank (104.969) - Prepaid corporate income tax - Bank
Utang pajak penghasilan - Konsolidasian 60.380 240.927 Corporate income tax - Consolidated
Pajak penghasilan dibayar dimuka - bank Prepaid Corporate income tax - Bank recorded
dicatat sebagai bagian dari beban dibayar as part of prepayments and other asset (Note
dimuka dan aset-lainnya (Catatan 17). 17).
183
2024 Annual Report PT Bank Maybank Indonesia Tbk 821
Page 824
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Rekonsiliasi atas beban pajak penghasilan The reconciliation between the Bank’s income
Bank dengan perkalian laba akuntansi Bank tax expense and the accounting income before
sebelum beban pajak penghasilan dan tarif tax expense and prevailing tax rate are as follow:
pajak yang berlaku adalah sebagai berikut:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Laba sebelum beban pajak dan Income before tax expense
kepentingan non- and non-controlling interest -
pengendali - konsolidasian 1.600.313 2.354.674 consolidated
Dikurangi: Laba sebelum beban Less: Income before tax expense
pajak - entitas anak 683.855 674.731 - subsidiaries
Laba sebelum beban Income before tax expense
pajak - Bank 916.458 1.679.943 - Bank
Dikurangi: Less:
Laba cabang luar negeri (26.583) (13.861) Gain from overseas branch
Pendapatan yang dikenakan
pajak final (319) (319) Income subject to final tax
889.556 1.665.763
Beban pajak penghasilan
yang dihitung dengan tarif Corporate income tax based on
pajak yang berlaku 195.703 366.468 the prevailing tax rate
Surat ketetapan pajak 48.816 - Tax assessment letter
Pengaruh pajak atas beda tetap Effect of tax on permanent
pada tarif pajak yang berlaku (37.628) (40.712) differences with prevailing tax rate
Beban pajak penghasilan - Bank 206.891 325.756 Income tax expense - Bank
Beban pajak penghasilan
- entitas anak 194.779 211.168 Income tax expense - subsidiaries
401.670 536.924
Penyesuaian Tarif Pajak Penghasilan Adjustment of Corporate Tax Rate
Per tanggal 31 Desember 2020, berdasarkan As of December 31, 2020, pursuant to article
Pasal 5 ayat 1 dari Peraturan Pemerintah 5 (1) of Government Regulation in Lieu of Law of
Pengganti Undang-Undang Republik Indonesia the Republic of Indonesia No. 1 Year 2020
No. 1 Tahun 2020 tentang Kebijakan Keuangan concerning State Financial Policy and Financial
Negara Dan Stabilitas Sistem Keuangan Untuk System Stability for Handling Corona Virus
Penanganan Pandemi Corona Virus Disease Disease 2019 (Covid-19) and/or In Order to Face
2019 (Covid-19) Dan/Atau Dalam Rangka Threats that Endanger the National Economy
Menghadapi Ancaman Yang Membahayakan and/or Financial System Stability as stipulated
Perekonomian Nasional Dan/Atau Stabilitas into law by The Law of The Republic of Indonesia
Sistem Keuangan sebagaimana yang telah Number 2 Year 2020, corporate tax rate is
ditetapkan menjadi undang-undang dengan adjusted to 22%.
Undang-Undang Republik Indonesia Nomor 2
Tahun 2020, tarif pajak penghasilan wajib pajak
badan dalam negeri disesuaikan menjadi 22%.
184
822 2024 Annual Report
Page 825
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Penyesuaian Tarif Pajak Penghasilan Adjustment of Corporate Tax Rate
(lanjutan) (continued)
Tarif PPh Badan tersebut juga berlaku untuk The corporate income tax rate is also valid for
tahun 2022 sebagaimana yang telah ditetapkan 2022 as stipulated by the Law No. 7 Year 2021
oleh Undang-undang No. 7 Tahun 2021 on the Harmonization of Tax Regulations (UU
tentang Harmonisasi Peraturan Perpajakan HPP) on October 29, 2021.
(UU HPP) pada tanggal 29 Oktober 2021.
Menyesuaikan dengan UU HPP, per In accordance with the UU HPP, starting
31 Oktober 2021, penghitungan pajak October 31, 2021, the calculation of deferred tax
tangguhan telah menggunakan tarif 22%. has used a rate of 22%.
Perhitungan Nilai Tercatat Cadangan Calculation of the Carrying Value of the
Piutang Tak Tertagih Untuk Awal Tahun Allowance for Doubtful Accounts for the
Fiskal 2024 Beginning of The Fiscal Year 2024
Sesuai dengan ketentuan peralihan dalam Based on the transitional provisions in the
Peraturan Menteri Keuangan Republik Regulation of the Minister of Finance of the
Indonesia Nomor 74 Tahun 2024, Bank telah Republic Indonesia Number 74 Year 2024, Bank
melaksanakan perhitungan nilai tercatat has calculated the carrying value of the
cadangan piutang tak tertagih untuk awal tahun allowance for doubtful accounts for the beginning
fiskal 2024 dan selisih lebih sebesar Rp344.054 of the fiscal year 2024, and the excess amounting
akan diakui sebagai biaya yang dibebankan to Rp344.054 will be recognised as an expense
seluruhnya untuk tahun fiskal 2024. Terkait fully charged to the fiscal year 2024. In relation to
dengan hal tersebut, aset pajak tangguhan yang the above, Bank will utilize deffered tax assets
akan dimanfaatkan Bank pada tahun fiskal 2024 amounting to Rp344.054 in the fiscal year 2024.
sebesar Rp344.054.
Implementasi Pajak Minimum Global Implementation of Global Minimum Tax
Berdasarkan Kesepakatan Internasional Based on International Agreement
Peraturan Menteri Keuangan Nomor 136 Tahun The Ministry of Finance Regulation Number 136
2024 tentang Pengenaan Pajak Minimum Year 2024 (PMK-136) was enacted in Indonesia
Global Berdasarkan Kesepakatan Internasional and will take effect on January 1, 2025. The
(PMK-136) telah disahkan di Indonesia dan Company, as part of the Group, is in the process
akan berlaku mulai 1 Januari 2025. Perusahaan of assessing the exposure that will arise once this
sebagai bagian dari Grup sedang dalam proses regulation becomes effective.
menilai eksposur yang akan muncul saat
peraturan ini berlaku efektif.
185
2024 Annual Report PT Bank Maybank Indonesia Tbk 823
Page 826
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank Bank
Tahun Jenis Status/Status
Pajak/ Pajak/
Fiscal Tax Type
Year
2021 Seluruh Surat Perintah Pemeriksaan Pajak dikeluarkan pada Desember 2024 untuk seluruh jenis
Jenis pajak. Sampai dengan tanggal pelaporan keuangan ini pemeriksaan pajak tersebut masih
Pajak/All berjalan.
Taxes
Tax Audit Notification Letter issued on December 2024 for all types oef taxes. Until the date
of issuance of this financial statement, the tax audit process is still ongoing.
2020 Seluruh Surat Perintah Pemeriksaan Pajak dikeluarkan pada July 2024, untuk seluruh jenis pajak.
Jenis Sampai dengan tanggal pelaporan keuangan ini pemeriksaan pajak tersebut masih berjalan.
Pajak/All
Taxes Tax Audit Notification Letter issued on July 2024 for all types of taxes. Until the date of
issuance of this financial statement, the tax audit process is still ongoing.
2019 PPh Surat Perintah Pemeriksaan Pajak dikeluarkan pada Oktober 2023 untuk seluruh jenis
Badan / pajak.
CIT
PPN/VAT Surat Ketetapan Pajak Kurang Bayar (SKPKB) PPh Badan dan PPN diterima pada 03 Mei
2024, dengan total kurang bayar pajak (termasuk denda dan bunga) sebesar Rp202.905.
Bank tidak menyetujui jumlah SKPKB tersebut. Pembayaran SKPKB dilakukan pada 31 Juli
2024 dan dicatat sebagai bagian dari Tagihan Lainnya (Catatan 17).
Surat Keberatan atas SKPKB yang tidak disetujui tersebut diajukan pada tanggal 01 Agustus
2024, dengan nilai sengketa PPh Badan sebesar Rp193.660 dan PPN sebesar Rp9.244.
Hingga tanggal penyelesaian laporan keuangan Bank belum menerima hasil Keberatan dari
Kantor Pajak. Manajemen berpendapat bahwa permohonan Keberatan Bank akan diterima
Kantor Pajak.
Tax Audit Notification Letter issued on October 2023 for all types of taxes.
The Tax Assessment Letter (SKPKB) for Corporate Income Tax and VAT was received on
May 3, 2024, with a tax underpayment (including penalties and interest) of Rp202,905. The
Bank did not agree with the SKPKB amount. Payment of the SKPKB was made on July 31,
2024, and recorded as part of Other Receivables (Note 17).
Objection Letter against the disputed SKPKB was submitted on August 1, 2024, with a
disputed amount of Rp193,660 for Corporate Income Tax and Rp9,244 for VAT. As of the
completion date of the financial statements, the Bank has not received the decision on the
Objection from the Tax Office. The Management believes that the Tax Office will approve
the objection submitted by the bank.
186
824 2024 Annual Report
Page 827
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Status/Status
Pajak/ Pajak/
Fiscal Tax Type
Year
2018 PPh Surat Perintah Pemeriksaan Pajak dikeluarkan pada April 2021, untuk seluruh jenis pajak.
Badan / SKPKB PPh Pasal 21, 23, PPh Badan & PPN diterbitkan pada 20 Februari 2023, dengan
CIT total kurang bayar pajak (termasuk denda dan bunga) sebesar Rp169.824. Jumlah SKPKB
PPN/VAT yang disetujui adalah Rp70 dan dibayar pada 16 Maret 2023. Jumlah SKPKB yang tidak
disetujui adalah Rp169.894, dibayar pada 17 Mei 2023 dan dicatat sebagai Tagihan Lainnya
(Catatan 17).
Surat Keberatan atas SKPKB yang tidak disetujui diajukan pada 19 Mei 2023, dengan nilai
sengketa untuk PPh Badan sebesar Rp154.778 dan PPN sebesar Rp15.046. Keputusan
Keberatan PPh Badan dan PPN diterima Pada 05 April 2024, dengan hasil menolak seluruh
permohonan Bank.
Surat Banding atas putusan Keberatan PPh Badan dan PPN diajukan Bank pada 28 Juni
2024. Saat ini proses persidangan di Pengadilan Pajak masih berlangsung. Manajemen
berpendapat bahwa Pengadilan Pajak akan mengabulkan Banding yang diajukan Bank.
Tax Audit Notification Letter issued on April 2021 for all types of taxes. The Tax Assessment
Letter (SKPKB) for Article 21, 23 Corporate Income Tax, and VAT issued on February 20,
2023, with a tax underpayment (including fines and interest) of Rp169,894. The agreed
SKPKB amount was Rp70 and was paid on March 16, 2023. The disputed SKPKB amount
was Rp169,894, which was paid on May 17, 2023, and recorded as Other Receivables (Note
17).
An Objection Letter against the disputed SKPKB was submitted on May 19, 2023, with a
disputed amount of Rp154,778 for Corporate Income Tax and Rp15,046 for VAT. The
Objection Decision for Corporate Income Tax and VAT was received on April 5, 2024,
rejecting the Bank’s entire request.
The Bank submitted an Appeal Letter against the Objection Decision on Corporate Income
Tax and VAT on June 28, 2024. The appeal process is currently ongoing at the Tax Court.
The management believes that the Tax Court will approve the appeal submitted by the Bank.
2017 PPh Surat Perintah Pemeriksaan Pajak dikeluarkan pada 24 November 2020 untuk seluruh jenis
Badan / pajak. SKPKB PPh Pasal 21, 23, 26, 4 ayat (2) Final, PPh Badan & PPN diterbitkan pada 2
CIT September 2022 dengan total kurang bayar pajak (termasuk denda dan bunga) sebesar
PPN/VAT total Rp127.029.
Jumlah SKPKB yang disetujui adalah Rp66 dan dibayar pada 29 September 2022;
sedangkan jumlah yang tidak disetujui adalah Rp126.963, dibayar pada 24 November 2022
dan dicatat sebagai bagian dari Tagihan Lainnya (catatan 17).
Surat Keberatan atas SKPKB yang tidak disetujui diajukan pada 30 November 2022, dengan
nilai sengketa sebesar Rp119.302 untuk PPh Badan dan Rp8.947 untuk PPN.
Keputusan Keberatan PPh Badan dan PPN diterima bank Pada 20 Oktober 2023, dengan
hasil untuk PPh Badan diterima sebagian sehingga nilai sengketa menjadi 118.373;
sedangkan untuk PPN ditolak seluruhya.
Surat Banding atas Keputusan Keberatan PPh Badan dan PPN diajukan Bank pada 8
Januari 2024. Proses sidang telah selesai dan sedang menunggu Putusan Pengadilan
Pajak. Manajemen berpendapat bahwa Pengadilan Pajak akan mengabulkan Banding yang
diajukan Bank.
187
2024 Annual Report PT Bank Maybank Indonesia Tbk 825
Page 828
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Status/Status
Pajak/ Pajak/
Fiscal Tax Type
Year
2017 PPh Tax Audit Notification Letter issued on November 24, 2020, for all types of taxes. The Tax
(lanjutan/ Badan / Assessment Letter (SKPKB) for Article 21, 23, 26, and Final Article 4(2) Income Taxes,
continued) CIT Corporate Income Tax, and VAT was issued on September 2, 2022, with a total underpaid
PPN/VAT tax amount (including penalties and interest) of Rp127,029.
The agreed SKPKB amount was Rp66 and was paid on September 29, 2022, while the
disputed amount of Rp126,963 was paid on November 24, 2022, and recorded as part of
Other Receivables (Note 17).
Objection Letter against the disputed SKPKB was submitted on November 30, 2022, with a
disputed amount of Rp119,302 for Corporate Income Tax and Rp8,947 for VAT.
The Objection Decision for Corporate Income Tax and VAT was received by the Bank on
October 20, 2023, with a partial approval for Corporate Income Tax, reducing the disputed
amount to Rp118,373, while the VAT objection was fully rejected.
The Bank submitted an Appeal Letter against the Objection Decision on Corporate Income
Tax and VAT on January 8, 2024. The hearing process has been completed, and the Bank
is awaiting for the Tax Court Decision. The management believes that the Tax Court will
approve the appeal submitted by the Bank.
2016 PPh Surat Perintah Pemeriksaan Pajak dikeluarkan pada November 2019 untuk seluruh jenis
Badan/ pajak. SKPKB untuk PPh Pasal 21, 23, 26, 4(2) Final, PPh Badan & PPN diterbitkan pada
CIT 30 November 2020, dengan total kurang bayar pajak (termasuk denda dan bunga) sebesar
PPh 21/ total Rp279.818.
Income
Tax Article Jumlah SKPKB yang disetujui adalah Rp1.502 dan dibayar pada 29 Desember 2020;
21 sedangkan jumlah yang tidak disetujui adalah Rp278.317, dibayar pada 25 Februari 2021
PPh 21 dan dicatat sebagai bagian dari Tagihan Lainnya (catatan 17).
Final/
Income Surat Keberatan atas SKPKB yang tidak disetujui diajukan pada tanggal 25 Februari 2021,
Tax Article dengan nilai sengketa: Rp249.950 untuk PPh Badan, Rp1.383 untuk PPh 21, Rp1.004 untuk
21 Final PPh 21 Final dan Rp25.979 untuk PPN.
PPN/VAT
Pada Desember 2021 dan Januari 2022, Bank menerima putusan keberatan, dimana Kantor
Pajak menerima keberatan PPh Badan sejumlah Rp12.295, PPh 21 Final Rp532 dan
menolak sisanya sebesar Rp265.488.
Surat Banding atas Keputusan Keberatan PPh 21, PPh Badan dan PPN diajukan Bank pada
24 Maret 2022. Pada Desember 2023, Bank telah menerima putusan Pengadilan Pajak
dengan mengabulkan seluruhnya untuk PPh 21, mengabulkan sejumlah Rp22.090 dan
menolak sejumlah Rp794 untuk PPN. Bank masih menunggu putusan Banding untuk PPh
Badan. Manajemen berpendapat bahwa Pengadilan Pajak akan mengabulkan Banding yang
diajukan Bank.
Atas Putusan Banding untuk PPh 21 dan PPN yang telah dikabulkan Pengadilan Pajak,
Kantor Pajak telah mengajukan permohonan Peninjauan Kembali pada tanggal 08 Maret
2024 dan Bank telah menyampaikan Kontra Memori PK untuk PPh 21 dan PPN tersebut
pada 18 April 2024. Manajemen berpendapat bahwa Mahkamah Agung akan menolak
permohonan Peninjauan Kembali yang diajukan Kantor Pajak.
188
826 2024 Annual Report
Page 829
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Status/Status
Pajak/ Pajak/
Fiscal Tax Type
Year
2016 PPh Tax Audit Noification Letter issued on November 2019 for all types of taxes. The Tax
(lanjutan/ Badan/ Assessment Letters (SKPKB) for Article 21, 23, 26, and Final Article 4(2) Income Taxes,
continued) CIT Corporate Income Tax, and VAT were issued on November 30, 2020, with a total underpaid
PPh 21/ tax amount (including penalties and interest) of Rp279,818.
Income
Tax Article The agreed SKPKB amount was Rp1,502 and was paid on December 29, 2020, while the
21 disputed amount of Rp278,317 was paid on February 25, 2021, and recorded as part of Other
PPh 21 Receivables (Note 17).
Final/
Income The Tax Objection Letter for the disputed SKPKB was submitted on February 25, 2021, with
Tax Article the following disputed amounts: IDR 249,950 for Corporate Income Tax, IDR 1,383 for Article
21 Final 21 Income Tax, IDR 1,004 for Final Article 21 Income Tax, and IDR 25,979 for VAT.
PPN/VAT
On December 2021 and January 2022, the Bank received the tax objection decision, whereby
tax office agreed on Rp12,295 of corporate income tax, Rp532 of Art.21 Final and rejected
the other Rp265,488.
On March 24, 2022, the Bank submitted appeal letters on the rejected corporate income tax,
Article 21 and VAT objection decision. In December 2023, the bank received the decision
whereby tax court accepted all the Income Tax Article 21 appeal, accepted Rp22,090 and
rejected Rp794 of the VAT appeal. The Bank is still waiting for the corporate income tax
appeal decision. The Management believes that the Tax Court will approve the appeal
submitted by the Bank.
Upon the agreed Tax Court’sdecision on the Income Tax Article 21 and VAT Appeal, the Tax
Office filed a Judicial Review on March 8, 2024 and the Bank already responded by
submitting letters for Income Tax Article 21 and VAT on April 18, 2024. The management
believes that the Supreme Court will reject the request for Judicial Review filed by the Tax
Office.
2015 PPh Surat Perintah Pemeriksaan Pajak dikeluarkan pada Agustus 2016, untuk seluruh jenis
Badan/ pajak. SKPKB PPh Pasal 21, 23, 26, 4 ayat (2) Final, PPh Badan & PPN diterbitkan pada 27
CIT dan 28 April 2017 dengan total kurang bayar pajak sebesar total Rp209.718 (termasuk
PPN/VAT denda dan bunga).
PPh 4 (2)/
Income Jumlah SKPKB yang disetujui adalah Rp47.458 dan dibayar pada 23 Mei 2017; sedangkan
Tax article yang tidak disetujui adalah Rp162.261, dibayar pada 23 Mei 2017 dan dicatat sebagai bagian
4 (2) dari Tagihan Lainnya (catatan 17).
PPh 23/
Income Surat Keberatan (sebanyak 5 surat) diajukan pada tanggal 26 Juli 2017, dengan total nilai
Tax Article sengketa: Rp162.261. Keputusan Keberatan atas PPh Pasal 23, 26, PPh Final Pasal 4(2),
23 PPN dan PPh Badan diterima bank pada Juni dan Juli 2018, dengan hasil Kantor Pajak
PPh 26/ menolak Surat Keberatan tersebut.
Income
Tax Article Surat Banding atas Keputusan Keberatan diajukan pada September dan Oktober 2018.
26 Putusan Pengadilan Pajak untuk PPh Pasal 23, 26, PPh Final Pasal 4 (2), dan PPN diterima
pada November 2021 dengan hasil menerima sebagian besar permohonan Banding Bank.
Putusan Pengadilan Pajak untuk PPh Badan diterima pada Desember 2021, dengan hasil
menerima sebagian besar permohonan Banding dan jumlah lebih bayar menjadi Rp117.006.
189
2024 Annual Report PT Bank Maybank Indonesia Tbk 827
Page 830
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Pajak/ Status/Status
Pajak/ Tax Type
Fiscal
Year
2015 PPh Badan/ Atas putusan Pengadilan Pajak yang belum disetujui, Bank telah mengajukan
(lanjutan/ CIT Peninjauan Kembali untuk PPh Badan sejumlah Rp69.719 pada 21 Maret 2022. Pada
continued) PPN/VAT Desember 2024 Bank telah menerima putusan Mahkamah Agung atas Peninjauan
PPh 4 (2)/ Kembali yang diajukan Bank untuk PPh Badan dengan hasil menolak seluruhnya.
Income Tax
article 4 (2) Atas putusan Pengadilan Pajak yang disetujui, Dirjen Pajak telah mengajukan
PPh 23/ permohonan Peninjauan Kembali dan Bank sudah menyampaikan Kontra Memori PK
Income Tax untuk putusan PPh Final Pasal 4 (2) dan PPN pada 6 April 2022, serta PPh Badan pada
Article 23 27 April 2022. Pada November 2022 Bank telah menerima putusan Mahkamah Agung
PPh 26/ atas Peninjauan Kembali yang diajukan Dirjen Pajak untuk PPN dengan hasil menolak
Income Tax seluruhnya. Pada Januari 2023 Bank telah menerima putusan Mahkamah Agung atas
Article 26 Peninjauan Kembali yang diajukan Dirjen Pajak untuk PPh Final Pasal 4 (2) dengan
hasil menolak seluruhnya. Pada Desember 2024 Bank telah menerima putusan
Mahkamah Agung atas Peninjauan Kembali yang diajukan Dirjen Pajak untuk PPh
Badan dengan hasil menolak seluruhnya. Keputusan Mahkamah Agung atas PPN, PPh
Final Pasal 4 (2) dan PPh Badan ini merupakan keputusan akhir dan mengikat.
Tax Audit Notification Letter issued in August 2016 for all types of taxes. SKPKB for
Article 21, 23, 26 Income Tax, Final Article 4(2) Income Tax, Corporate Income Tax, and
VAT were issued on April 27 and 28, 2017, with a total underpaid tax amount of IDR
209,718 (including penalties and interest). The approved SKPKB amount was IDR
47,458, which was paid on May 23, 2017, while the disputed amount was IDR 162,261,
which was also paid on May 23, 2017, and recorded as part of Other Receivables (Note
17).
Five Objection Letters were submitted on July 26, 2017, with a total disputed amount of
IDR 162,261. The Bank received the Objection Decisions for Article 23, 26 Income Tax,
Final Article 4(2) Income Tax, VAT, and Corporate Income Tax in June and July 2018,
with the Tax Office rejecting the objections.
Appeal Letters against the Objection Decisions were submitted in September and
October 2018. The Tax Court's decision for Article 23, 26 Income Tax, Final Article 4(2)
Income Tax, and VAT was received in November 2021, with the court granting most of
the Bank's appeal. The Tax Court's decision for Corporate Income Tax was received in
December 2021, with the court granting most of the Bank's appeal, resulting in an
overpayment of IDR 117,006.
Regarding the portion of the Tax Court's decision that was not granted, the Bank
submitted a Judicial Review request for Corporate Income Tax amounting to IDR 69,719
on March 21, 2022. In December 2024, the Bank received the Supreme Court’s decision
on the Judicial Review request for Corporate Income Tax, which was entirely rejected.
Regarding the Tax Court’s decision that was granted, the Directorate General of Taxes
submitted a Judicial Review request, and the Bank already responded by submitting
letters for the Final Article 4(2) Income Tax and VAT decisions on April 6, 2022, and for
Corporate Income Tax on April 27, 2022. In November 2022, the Bank received the
Supreme Court’s decision on the Judicial Review request submitted by the Directorate
General of Taxes for VAT, which was entirely rejected. In January 2023, the Bank
received the Supreme Court’s decision on the Judicial Review request submitted by the
Directorate General of Taxes for Final Tax Article 4(2), which was entirely rejected. In
December 2024, the Bank received the Supreme Court’s decision on the Judicial Review
request submitted by the Directorate General of Taxes for Corporate Income Tax, which
was entirely rejected. The Supreme Court’s decision regarding this VAT, Final Tax Article
4 (2) and Corporate Income Tax is final and binding.
190
828 2024 Annual Report
Page 831
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Pajak/ Status/Status
Pajak/ Tax Type
Fiscal
Year
2014 PPh Badan/ Kantor Pajak telah mengeluarkan Surat Perintah Pemeriksaan Pajak kepada Bank untuk
CIT tahun pajak 2014 (semua jenis pajak) dan Bank telah menerima Surat Ketetapan Pajak
PPN/VAT (“SKPKB”) atas PPh Badan, PPh Pasal 21, 23, 23/26, PPh Pasal 4(2) Final dan PPN di
bulan Juli 2018 sebesar Rp84.285 (termasuk denda dan bunga). Bank telah melakukan
pembayaran atas seluruh nilai SKPKB tersebut dan mencatat pembayaran tersebut
sebagai bagian dari tagihan lainnya (Catatan 17) setelah dikurangi dengan bagian pajak
telah disetujui oleh Bank sebesar Rp10.183.
Bank telah menyampaikan keberatan atas temuan yang tidak disetujui sebesar
Rp74.102 untuk PPN dan PPh Badan pada tanggal 24 dan 26 Oktober 2018. Bank telah
menerima putusan atas pengajuan keberatan PPh Badan pada tanggal 26 Agustus
2019, dimana kantor pajak menolak seluruh keberatan tersebut.
Di bulan September 2019, Bank telah menerima putusan atas pengajuan keberatan
PPN dimana Kantor Pajak mengabulkan sebagian surat keberatan PPN tersebut.
Bank telah mengajukan surat banding ke Pengadilan Pajak untuk PPh Badan pada
Agustus 2019; dan untuk PPN pada Desember 2019. Pada Maret 2023 Bank menerima
putusan Pengadilan Pajak atas PPN dengan hasil dikabulkan seluruhnya. Pada
Desember 2023, Bank menerima putusan Pengadilan Pajak atas PPh Badan dengan
hasil dikabulkan sebagian.
Atas putusan Pengadilan Pajak yang tidak disetujui, Bank telah mengajukan Peninjauan
Kembali untuk PPh Badan sejumlah Rp23.845 pada 26 Januari 2024. Pada Januari
2025 Bank telah menerima putusan Mahkamah Agung atas Peninjauan Kembali yang
diajukan Bank untuk PPh Badan dengan hasil menolak seluruhnya.
Atas putusan Pengadilan Pajak yang disetujui, Dirjen Pajak mengajukan Peninjauan
Kembali, dan Bank sudah menyampaikan Kontra Memori PK untuk PPN pada tanggal
12 Juli 2023. Pada 08 Maret 2024 Bank telah menerima putusan Mahkamah Agung atas
Peninjauan Kembali yang diajukan Dirjen Pajak untuk PPN dengan hasil menolak
seluruhnya. Keputusan Mahkamah Agung atas PPN ini merupakan keputusan akhir dan
mengikat.
Pada 19 Februari 2024, Dirjen Pajak mengajukan Peninjauan Kembali atas putusan PPh
Badan yang disetujui Pengadilan Pajak, dan Bank sudah menyampaikan Kontra Memori
PK untuk PPh Badan tersebut pada tanggal 21 Maret 2024. Manajemen berpendapat
bahwa Mahkamah Agung akan menolak permohonan Peninjauan Kembali yang
diajukan Kantor Pajak.
Tax Office had issued Tax Audit Notification Letter to the Bank for the 2014 fiscal year
(all types of taxes). The Bank has received Tax Assessment Letter (“SKPKB”) on
Corporate Income Tax, Income Tax Articles 21, 23, 23/26, Final Income Tax Article 4(2)
and VAT in July 2018 amounting to Rp84,285 (including penalties and interests). Bank
has already paid the underpayment and had recorded that payment as part of other
receivables (Note 17) after deducted with part which already agreed by Bank amounting
to Rp10,183.
The Bank has filed objection letters upon disputed amounting to Rp74,102 on VAT and
Corporate Income Tax dated October 24 and 26, 2018. Bank already received the tax
objection decision on Corporate Income Tax on August 26, 2019, whereby Tax Office
rejected the objection letters.
191
2024 Annual Report PT Bank Maybank Indonesia Tbk 829
Page 832
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Pajak/ Status/Status
Pajak/ Tax Type
Fiscal
Year
2014 PPh Badan/ In September 2019, the Bank already received the tax objection decision on VAT,
(lanjutan/ CIT whereby Tax Office partially granted the objection letters.
continued) PPN/VAT
Bank already submitted appeal letters to Tax Court for Corporate Income Tax in August
30, 2019, and for VAT in December 2019. In March 2023, the Bank received the Tax
Court decision for VAT with the results fully accepted. In December 2023, the Bank
received the Tax Court decision for Corporate Income Tax with the results partially
accepted.
Regarding the Tax Court decision that was not accepted, the Bank submitted a Judicial
Review request for Corporate Income Tax amounting to IDR 23,845 on January 26,
2024. In January 2025, the Bank has received the Supreme Court's decision which fully
rejected the Judicial Review submitted by the Bank for Corporate Income Tax.
Regarding the Tax Court decision that was accepted, the Directorate General of Taxes
filed a Judicial Review, and the Bank already responded by submitting letters for VAT
on July 12, 2023. In March 8, 2024, the Bank received the Supreme Court’s decision on
the Judicial Review filed by the Directorate General of Taxes for VAT, with the request
entirely rejected. The Supreme Court’s decision regarding this VAT is final and binding.
In February 19, 2024, the Directorate General of Taxes filed a Judicial Review for the
Tax Court’s decision on Corporate Income Tax, and the Bank already responded by
submitting letters for Corporate Income Tax on March 21, 2024. The management
believes that the Supreme Court will reject the request for Judicial Review filed by the
Tax Office.
2013 PPh Badan/ Kantor Pajak telah mengeluarkan Surat Perintah Pemeriksaan Pajak kepada Bank untuk
CIT tahun pajak 2013 (semua jenis pajak) dan Bank telah menerima Surat Ketetapan Pajak
PPN/VAT Kurang Bayar (“SKPKB”) atas Pajak Penghasilan (“PPh”) Badan, dan Pajak
Pertambahan Nilai (“PPN”) tertanggal 27 Desember 2017 sebesar Rp70.951 (termasuk
denda dan bunga). Bank telah melakukan pembayaran atas seluruh nilai SKPKB
tersebut dan mencatat pembayaran tersebut sebagai bagian dari tagihan lainnya
(Catatan 17) setelah dikurangi dengan bagian pajak telah diakui oleh Bank sebesar
Rp15.668.
Bank telah menyampaikan Surat Keberatan untuk temuan PPh Badan dan PPN yang
tidak disetujui pada tanggal 21 Maret 2018. Pada Maret 2019, Bank telah menerima
putusan keberatan yang menolak seluruh pengajuan keberatan Bank.
Bank telah mengajukan banding atas putusan keberatan PPh Badan dan PPN pada 31
Mei 2019. Pada Oktober 2021, Bank menerima putusan Pengadilan Pajak atas PPh
Badan dan PPN dengan hasil sebagian diterima dan sebagian ditolak. Bank tidak
menyetujui putusan ini.
Pada 27 Desember 2021 telah mengajukan Peninjauan Kembali ke Mahkamah Agung
untuk putusan yang ditolak, yaitu sebesar Rp6.288 untuk PPh Badan dan Rp5.935 untuk
PPN. Pada Januari 2023 Bank telah menerima putusan Mahkamah Agung atas
Peninjauan Kembali yang diajukan Bank untuk PPh Badan dengan hasil menolak
seluruhnya. Pada Maret 2023 Bank telah menerima putusan Mahkamah Agung atas
Peninjauan Kembali yang diajukan Bank untuk PPN dengan hasil menolak seluruhnya.
192
830 2024 Annual Report
Page 833
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Pajak/ Status/Status
Pajak/ Tax Type
Fiscal
Year
2013 PPh Badan/ Atas putusan Pengadilan Pajak yang disetujui, Dirjen Pajak mengajukan Peninjauan
(lanjutan/ CIT Kembali, dan Bank sudah menyampaikan Kontra Memori PK untuk PPh Badan dan PPN
continued) PPN/VAT pada tanggal 16 Februari 2022. Bank telah menerima putusan Mahkamah Agung atas
Peninjauan Kembali yang diajukan Dirjen Pajak untuk PPh Badan dan PPN dengan hasil
menolak seluruhnya. Keputusan Mahkamah Agung atas PPN dan PPh Badan ini
merupakan keputusan akhir dan mengikat.
The Tax Office issued a Tax Audit Notification Letter to the Bank for the 2013 fiscal year
(all types of taxes). The Bank has received an Underpayment Tax Assessment Letter
("SKPKB") for Corporate Income Tax and Value Added Tax ("VAT") dated December
27, 2017, amounting to IDR 70,951 (including penalties and interest). The Bank has
already paid the SKPKB and recorded that payment as part of other receivables (Note
17) after deducted with part which already recognized by Bank amounting to Rp15,668.
The Bank submitted an Objection Letter for the disputed Corporate Income Tax and VAT
findings on March 21, 2018. In March 2019, the Bank received the Objection Decision,
which rejected the Bank's entire objection submission.
The Bank filed an appeal against the Objection Decision for Corporate Income Tax and
VAT on May 31, 2019. In October 2021, the Bank received the Tax Court’s decision on
Corporate Income Tax and VAT, with the result being partially accepted and partially
rejected. The Bank did not agree with this decision.
In December 27, 2021, the Bank submitted a Judicial Review request to the Supreme
Court for the rejected amounts: IDR 6,288 for Corporate Income Tax and IDR 5,935 for
VAT. In January 2023, the Bank received the Supreme Court’s decision on the Judicial
Review for Corporate Income Tax, with the request entirely rejected. In March 2023, the
Bank received the Supreme Court’s decision on the Judicial Review for VAT, with the
request entirely rejected.
Regarding the Tax Court’s decision that was accepted, the Directorate General of Taxes
filed a Judicial Review, and the Bank already responded by submitting letters for
Corporate Income Tax and VAT on February 16, 2022. The Bank received the Supreme
Court’s decision on the Judicial Review filed by the Directorate General of Taxes for
Corporate Income Tax and VAT, with the request entirely rejected. The Supreme Court’s
decision regarding this VAT and Corporate Income Tax is final and binding.
2011 PPh Badan / Kantor Pajak telah melakukan pemeriksaan pajak Bank tahun 2011 (Pajak Penghasilan
CIT Badan) dan telah menerbitkan Surat Ketetapan Pajak Kurang Bayar ("SKPKB") PPh
Badan sebesar Rp470.862 (termasuk bunga). Bank tidak menyetujui seluruh hasil
keputusan di dalam SKPKB tersebut.
Bank telah menyampaikan Surat Keberatan pada 23 September 2015 atas SKPKB yang
tidak disetujui tersebut. Bank telah menerima Keputusan Keberatan atas SKPKB PPh
Badan dengan hasil dikabulkan sebagian sehingga jumlah SKPKB menjadi Lebih Bayar
sebesar Rp22.064.
Bank mengajukan Banding atas sebagian hasil yang tidak dikabulkan dalam Keputusan
Keberatan pada 06 Desember 2016. Bank menerima putusan Pengadilan tertanggal 13
Desember 2021 yang mengabulkan sebagian pengajuan banding, sehingga jumlah
SKPKB menjadi lebih bayar Rp40.893.
193
2024 Annual Report PT Bank Maybank Indonesia Tbk 831
Page 834
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Pajak/ Status/Status
Pajak/ Tax Type
Fiscal
Year
2011 PPh Badan / Atas putusan PPh Badan yang belum disetujui, Bank mengajukan peninjauan kembali
(lanjutan/ CIT ke Mahkamah Agung sejumlah Rp19.971 pada 21 Maret 2022. Pada 27 Februari 2024
continued) Bank telah menerima putusan Mahkamah Agung atas Peninjauan Kembali yang
diajukan Bank untuk PPh Badan dengan hasil menolak seluruhnya. Keputusan
Mahkamah Agung atas PPh Badan ini merupakan keputusan akhir dan mengikat.
The Tax Office conducted a tax audit on the Bank for the 2011 fiscal year (Corporate
Income Tax) and issued a Tax Assessment Letter ("SKPKB") for Corporate Income
Tax amounting to IDR 470,862 (including interest). The Bank did not agree with the
entire SKPKB decision.
The Bank submitted an Objection Letter on September 23, 2015, against the disputed
SKPKB. The Bank received the Objection Decision, which partially granted the
objection, resulting in the SKPKB being revised to an Overpayment of IDR 22,064.
The Bank filed an Appeal on December 6, 2016, for the portion of the Objection
Decision that was not granted. The Bank received the Tax Court's decision dated
December 13, 2021, which partially granted the appeal, revising the SKPKB to an
Overpayment of IDR 40,893.
For the portion of the Corporate Income Tax decision that was not granted, the Bank
submitted a Judicial Review request to the Supreme Court for IDR 19,971 on March
21, 2022. On February 27, 2024, the Bank has received the Supreme Court's decision
which fully rejected the Judicial Review submitted by the Bank for Corporate Income
Tax. The Supreme Court’s decision regarding this Corporate Income Tax is final and
binding.
2010 Kantor Pajak telah melakukan pemeriksaan untuk tahun 2008, 2009 dan 2010 dan
menerbitkan Surat Ketetapan Pajak Kurang Bayar (“SKPKB”) atas Pajak Penghasilan
(“PPh”) Badan, PPh Pasal 21, 23 dan 26, PPh Final Pasal 4(2) dan Pajak
Pertambahan Nilai (“PPN”) tertanggal 30 Juli 2013 dan 31 Juli 2013 sebesar
Rp279.320 untuk 2008, 16 Agustus 2013 dan 19 Agustus 2013 sebesar Rp234.934
PPh Badan/ untuk tahun 2009 dan 1 Agustus 2013 sebesar Rp279.320 untuk tahun 2010
2009 CIT (termasuk denda dan bunga). Bank telah melakukan pembayaran atas seluruh nilai
PPN/VAT SKPKB tersebut (Catatan 17).
PPh 26/
Income Tax Bank tidak menyetujui sebagian besar hasil keputusan di dalam SKPKB tersebut dan
Article 26 telah menyampaikan 40 (empat puluh) Surat Keberatan sebesar Rp768.234 pada
PPh 4 (2)/ tanggal 28 Oktober 2013 dan 29 Oktober 2013 dan telah menerima kembali seluruh
2008 Income Tax Surat Keputusan atas Keberatan dari Kantor Pajak terkait dengan Surat Keberatan
article 4(2) Bank tersebut dimana Kantor Pajak menyetujui keberatan Bank sebesar Rp27.490.
PPh 21/
Income Tax Bank telah menyampaikan 37 (tiga puluh tujuh) Surat Banding pada tanggal 20
Article 21 November 2014 dan 17 Desember 2014 untuk Surat Keputusan atas Keberatan
tersebut. Pada tahun 2020 Bank telah menerima seluruh Putusan Pengadilan Pajak
untuk PPh Badan, PPh Pasal 26 dan PPN untuk 3 Tahun pajak ini.
194
832 2024 Annual Report
Page 835
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
Bank (lanjutan) Bank (continued)
Tahun Jenis Pajak/ Status/Status
Pajak/ Tax Type
Fiscal
Year
2010 Untuk poin yang belum dikabulkan Pengadilan Pajak atas PPh Badan Tahun 2008,
(lanjutan/ 2009, 2010 serta PPN 2008 dan 2009, Bank telah mengirimkan Permohonan
continued) Peninjauan Kembali ke Mahkamah Agung. Bank telah menerima putusan Mahkamah
Agung untuk PPh Badan, yaitu menerima untuk tahun 2009 dan 2010 serta menolak
untuk tahun 2008. Sementara pengajuan PK PPN ditolak olah Mahkamah Agung.
PPh Badan/ Sampai dengan tanggal laporan keuangan konsolidasian, Bank telah menerima
2009 CIT sebagian pengembalian atas kelebihan pajak yang sudah dibayar yaitu sebesar
(lanjutan/ PPN/VAT Rp613.783 pada tahun 2020. Atas sengketa PPh Pasal 26 yang telah dikabulkan
continued) PPh 26/ seluruhnya oleh Pengadilan Pajak, Kantor Pajak telah menyampaikan Kontra Memori
Income Tax Peninjauan Kembali kepada Mahkamah Agung. Bank telah menerima putusan
Article 26 Mahkamah Agung atas Peninjauan Kembali yang diajukan Dirjen Pajak untuk PPh
PPh 4 (2)/ Pasal 26 dengan hasil menolak seluruhnya. Keputusan Mahkamah Agung atas ini
2008 Income Tax merupakan keputusan akhir dan mengikat.
(lanjutan/ article 4(2)
continued) PPh 21/ The Tax Office conducted audits for the 2008, 2009, and 2010 fiscal years and issued
Income Tax Underpayment Tax Assessment Letters ("SKPKB") for Corporate Income Tax ("PPh
Article 21 Badan"), Article 21, 23, and 26 Income Tax, Final Income Tax under Article 4(2), and
Value Added Tax ("PPN") on July 30, 2013, and July 31, 2013, amounting to IDR
279.320 for 2008; August 16, 2013, and August 19, 2013, amounting to IDR 234.934
for 2009; and August 1, 2013, amounting to IDR 279.320 for 2010 (including penalties
and interest). The Bank has fully paid the SKPKB amounts (Note 17).
The Bank disagreed with most of the SKPKB decisions and submitted 40 (forty)
Objection Letters amounting to IDR 768,234 on October 28, 2013, and October 29,
2013. The Bank received all Objection Decisions from the Tax Office, which approved
only IDR 27,490 of the objections.
The Bank submitted 37 (thirtyseven) Appeal Letters on November 20, 2014, and
December 17, 2014, against the Objection Decisions. In 2020, the Bank received all
Tax Court decisions for Corporate Income Tax, Article 26 Income Tax, and VAT for
the three fiscal years.
For the points not granted by the Tax Court regarding Corporate Income Tax for 2008,
2009, and 2010, as well as VAT for 2008 and 2009, the Bank submitted a Judicial
Review request to the Supreme Court. The Supreme Court ruled in favor of the Bank
for Corporate Income Tax in 2009 and 2010 but rejected the request for 2008.
Meanwhile, the Judicial Review request for VAT was entirely rejected. As of the date
of the consolidated financial statements, the Bank has received a partial tax refund of
IDR 613,783 in 2020. Regarding the Article 26 Income Tax dispute, which was fully
granted by the Tax Court, the Tax Office submitted a CounterMemorandum for Judicial
Review to the Supreme Court. The Bank has received the Supreme Court’s decision
on the Judicial Review filed by the Director General of Taxes for Article 26 Income
Tax, which was entirely rejected. The Supreme Court’s decision is final and binding.
195
2024 Annual Report PT Bank Maybank Indonesia Tbk 833
Page 836
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM WOM
Tahun Jenis Status/Status
Pajak/ Pajak/
Fiscal Tax Type
Year
2018 PPh Pada tanggal 17 April 2020, entitas anak (WOM) menerima Surat Ketetapan Pajak (“SKP”)
Badan/CIT atas pemeriksaan pajak tahun 2018 untuk Pajak Penghasilan (“PPh”) Badan, Pajak
PPN/VAT Penghasilan Pasal 21 (“PPh Pasal 21”), Pajak Penghasilan Pasal 23 (“PPh Pasal 23”),
Pajak Penghasilan Pasal 4.2 (“PPh Pasal 4.2”), dan Pajak Pertambahan Nilai (“PPN”).
Berdasarkan SKP tersebut, kantor pajak menetapkan kurang bayar pajak dengan jumlah
keseluruhan sebesar Rp17.672 dan telah dibayarkan seluruhnya oleh entitas anak pada
tanggal 11 Mei 2020.
Atas ketetapan kurang bayar PPN sebesar Rp5.364 dan PPh Badan sebesar Rp5.936,
entitas anak mengajukan keberatan dengan hasil kantor pajak menolak seluruhnya
keberatan PPN sebesar Rp5.364 dan menerima sebagian PPh Badan sebesar Rp1.401.
Atas hasil keberatan pajak yang ditolak atas PPN sebesar Rp5.364 dan PPh Badan
sebesar Rp4.514, entitas anak mengajukan banding.
Pada tanggal 11 Oktober 2023, entitas anak menerima Surat Keputusan Pengadilan Pajak
atas ketatapan kurang bayar PPN masa Desember 2018 dan PPh Badan yang isinya
mengabulkan seluruhnya permohonan banding entitas anak.
Atas putusan Pengadilan Pajak yang disetujui, Dirjen Pajak telah mengajukan
permohonan Peninjauan Kembali dan entitas anak sudah menyampaikan Kontra Memori
PK untuk putusan PPN & PPh Badan pada 2 Februari 2024.
Pada tanggal 1 November 2024 dan 20 Desember 2024, entitas anak menerima Surat
Keputusan Peninjauan Kembali Mahkamah Agung atas Surat Ketetapan Kurang Bayar
PPh Badan tahun 2018 dan atas Surat Ketetapan Kurang Bayar PPN masa Desember
2018 yang isinya menolak seluruhnya permohonan peninjauan kembali yang diajukan
oleh Direktur Jenderal Pajak.
On April 17, 2020, the subsidiary (WOM) received Tax Assessment Letters for fiscal year
2018 for Corporate Income Tax (“CIT”), Income Tax Article 21, Income Tax Article 23,
Income Tax Article 4.2, and Value Added Tax (“VAT”). Based on the Assessment Letters,
the tax office confirmed the underpayment of tax with aggregating amount to Rp17,672
and has been fully paid by subsidiary On May 11, 2020.
For the underpayment assessment of VAT amounting to Rp5,364 and the CIT amounting
to Rp5,936, the subsidiary submitted tax objection with the result that the tax office rejected
the VAT objection amounting to Rp5,364 and partially agreed on CIT objection amounting
to Rp1,401.
On the rejected result for VAT amounting to Rp5,364 dan CIT amounting to Rp4,514, the
subsidiary filed an appeal.
On October 11, 2023, the subsidiary received Tax Court Decision Letter on VAT
Underpayment Assessment Letter period December 2018 and CIT which is fully granting
the subsidiary’s appeal.
Regarding the Tax Court’s decision that was granted, the Directorate General of Taxes
submitted a Judicial Review request, and subsidiary already responded by submitting
letters for the VAT & CIT decisions on February 2, 2024.
196
834 2024 Annual Report
Page 837
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM (lanjutan) WOM (continued)
Tahun Jenis Status/Status
Pajak/ Pajak/
Fiscal Tax Type
Year
2018 PPh On November 1, 2024 and December 20,2024, the subsidiary received The Supreme
(lanjutan/ Badan/CIT Court Judicial Review Decision Letter on Corporate Income Tax Underpayment
continued) PPN/VAT Assessment Letter year 2018 and VAT Underpayment Assessment Letter period
December 2018 which is fully rejected the judicial review filed by the Director General of
Taxes.
2017 PPh Pada tanggal 11 Januari 2022, entitas anak menerima Surat Ketetapan Pajak (“SKP”) atas
Badan/CIT pemeriksaan pajak tahun 2017 untuk Pajak Penghasilan (“PPh”) Badan, Pajak
Penghasilan Pasal 21 (“PPh Pasal 21”), Pajak Penghasilan Pasal 23 (“PPh Pasal 23”),
Pajak Penghasilan Pasal 4.2 (“PPh Pasal 4.2”), dan Pajak Pertambahan Nilai (“PPN”).
Berdasarkan SKP tersebut, kantor pajak menetapkan kurang bayar pajak dengan jumlah
keseluruhan sebesar Rp45.914 dan telah dibayarkan seluruhnya oleh entitas anak pada
tanggal 09 Februari 2022. Pembayaran SKP tersebut telah dicatat sebagai taksiran
tagihan pajak pada aset lain-lain.
Atas ketetapan kurang bayar PPh Badan sebesar Rp39.326, entitas anak mengajukan
keberatan dengan hasil kantor pajak hanya menyetujui sebagian sebesar Rp2.980. Atas
hasil keberatan pajak yang ditolak sebesar Rp36.346, entitas anak mengajukan banding.
Surat Banding atas Keputusan Keberatan PPh Badan diajukan entitas anak pada 5 Mei
2023. Proses sidang telah selesai dan entitas anak sedang menunggu Putusan
Pengadilan Pajak.
On January 11, 2022, the subsidiary received Tax Assessment Letters for fiscal year 2017
for Corporate Income Tax (“CIT”), Income Tax Article 21, Income Tax Article 23, Income
Tax Article 4.2, and Value Added Tax (“VAT”). Based on the Assessment Letters, the tax
office confirmed the underpayment of tax with aggregating amount to Rp45,914 and has
been fully paid by subsidiary On February 9, 2022. Those tax underpayment is recorded
as claim for tax refund in other assets.
For the CIT underpayment assessment amounting to Rp39,326, the subsidiary submitted
tax objection with the result that the tax offce only partially agreed amounting to Rp2,980.
On the rejected result amounted Rp36,346, the subsidiary filed an appeal.
Subsidiary submitted an Appeal Letter against the Objection Decision on Corporate
Income Tax on May 5, 2023.The hearing process has been completed, and subsidiary is
awaiting the Tax Court Decision.
2016 PPN/VAT Pada tanggal 18 Desember 2019, entitas anak menerima Surat Ketetapan Pajak (“SKP”)
atas pemeriksaan pajak tahun 2016 untuk Pajak Penghasilan (“PPh”) Badan, Pajak
Penghasilan Pasal 21 (“PPh Pasal 21”), Pajak Penghasilan Pasal 23 (“PPh Pasal 23”),
Pajak Penghasilan Pasal 4.2 (“PPh Pasal 4.2”), dan Pajak Pertambahan Nilai
(“PPN”).Berdasarkan SKP tersebut, kantor pajak menetapkan kurang bayar pajak dengan
jumlah keseluruhan sebesar Rp26.671 dan telah dibayarkan seluruhnya oleh entitas anak
pada tanggal 20 Desember 2019.
197
2024 Annual Report PT Bank Maybank Indonesia Tbk 835
Page 838
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
b. Beban pajak penghasilan (lanjutan) b. Income tax expense (continued)
WOM (lanjutan) WOM (continued)
Tahun Jenis Status/Status
Pajak/ Pajak/
Fiscal Tax Type
Year
2016 PPN/VAT Atas ketetapan kurang bayar PPN sebesar Rp5.224, entitas anak mengajukan keberatan
(lanjutan/ dengan hasil kantor pajak menolak seluruhnya keberatan PPN yang diajukan entitas anak.
continued) Atas hasil keberatan pajak yang ditolak, entitas anak mengajukan banding.
Pada tanggal 11 Oktober 2023, entitas anak menerima Surat Keputusan Pengadilan Pajak
atas Surat Ketetapan Kurang Bayar PPN masa Desember 2016 yang isinya mengabulkan
seluruhnya permohonan banding entitas anak.
Atas putusan Pengadilan Pajak yang disetujui, Dirjen Pajak telah mengajukan
permohonan Peninjauan Kembali dan entitas anak sudah menyampaikan Kontra Memori
PK untuk putusan PPN pada 2 Februari 2024.
Pada tanggal 14 Desember 2024, entitas anak menerima Surat Keputusan Peninjauan
Kembali Mahkamah Agung atas Surat Ketetapan Kurang Bayar PPN masa Desember
2016 yang isinya menolak seluruhnya permohonan peninjauan kembali yang diajukan
oleh Direktur Jenderal Pajak. Keputusan Mahkamah Agung atas PPN ini merupakan
keputusan akhir dan mengikat.
On December 18, 2019, the subsidiary received Tax Assessment Letters for fiscal year
2016 for Corporate Income Tax (“CIT”), Income Tax Article 21, Income Tax Article 23,
Income Tax Article 4.2, and Value Added Tax (“VAT”). Based on the Assessment Letters,
the tax office confirmed the underpayment of tax with aggregating amount to Rp26,671
and has been fully paid by the subsidiary On December 20, 2019.
For the VAT underpayment assessment of Rp5,224, the subsidiary submitted tax objection
with the result that the tax offce rejected the subsidiary’s objection. On the rejected result,
the subsidiary filed an appeal.
On October 11, 2023, the subsidiary received Tax Court Decision Letter on VAT
Underpayment Assessment Letter period December 2016 which is fully granting the
subsidiary’s appeal.
Regarding the Tax Court’s decision that was granted, the Directorate General of Taxes
submitted a Judicial Review request, and subsidiary already responded by submitting
letters for the VAT decisions on February 2, 2024.
On December 14, 2024, the subsidiary received The Supreme Court Judicial Review
Decision Letter on VAT Underpayment Assessment Letter period December 2016 which
is fully rejected the judicial review filed by the Director General of Taxes. The Supreme
Court's decision regarding this VAT is final and binding.
198
836 2024 Annual Report
Page 839
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
c. Aset dan liabilitas pajak tangguhan c. Deferred tax assets and liabilities
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the details
rincian aset dan liabilitas pajak tangguhan Bank of deferred tax assets and liabilities of the Bank
dan entitas anaknya sebagai berikut: and subsidiaries are as follows:
31 Desember/December 31, 2024
Dikreditkan/
(dibebankan) (Dibebankan)/
ke laporan dikreditkan
laba rugi ke ekuitas
konsolidasian/ konsolidasian/
Credited/ Credited to
(charged) to consolidated
consolidated statements
1 Januari/ statements of changes in 31 Desember/
07030000_01 January 1 of income equity December 31
Aset pajak tangguhan: Deferred tax assets:
Bank Bank
Kerugian yang belum Unrealized losses
direalisasi atas perubahan on changes in fair value of
nilai wajar investasi keuangan financial investments measured
yang diukur pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain - neto 50.557 - 52.101 102.658 comprehensive income - net
Cadangan kerugian atas Allowance for possible
aset produktif losses on earning and
dan non-produktif 188.552 (138.086) - 50.466 non-earning assets
Penyisihan imbalan Allowance for employee
kerja karyawan 309.027 44.453 (19.245) 334.235 benefits
Cadangan bonus karyawan 68.133 (1.075) - 67.058 Allowance for employee bonuses
Penyusutan aset tetap (42.622) (22.843) - (65.465) Fixed assets depreciation
Lain-lain 83.098 494 - 83.592 Others
656.745 (117.057) 32.856 572.544
Entitas anak Subsidiaries
Penyisihan imbalan Allowance for employee
kerja karyawan 25.779 4.342 (1.420) 28.701 benefits
Cadangan kerugian Allowance for impairment
penurunan nilai 5.132 (5.135) - (3) losses
Cadangan bonus karyawan 7.227 1.984 - 9.211 Allowance for employee bonuses
Penyusutan aset tetap (5.290) 61 - (5.229) Fixed assets depreciation
Lain-lain 964 6.888 - 7.852 Others
33.812 8.140 (1.420) 40.532
Jumlah aset pajak tangguhan 690.557 (108.917) 31.436 613.076 Total deferred tax assets
199
2024 Annual Report PT Bank Maybank Indonesia Tbk 837
Page 840
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
c. Aset dan liabilitas pajak tangguhan c. Deferred tax assets and liabilities (continued)
(lanjutan)
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the details
rincian aset dan liabilitas pajak tangguhan Bank of deferred tax assets and liabilities of the Bank
dan entitas anaknya sebagai berikut: (lanjutan) and subsidiaries are as follows: (continued)
31 Desember/December 31, 2023
Dikreditkan/ Dikreditkan/
(dibebankan) (dibebankan)
ke laporan ke ekuitas
laba rugi konsolidasian/
konsolidasian/ Credited/
Credited/ (charged) to
(charged) to consolidated
consolidated statements
1 Januari/ statements of changes in 31 Desember/
07030000_01 January of income equity December 31
Aset pajak tangguhan: Deferred tax assets:
Bank Bank
Kerugian yang belum Unrealized losses
direalisasi atas perubahan on changes in fair value of
nilai wajar investasi keuangan financial investments measured
yang diukur pada nilai wajar melalui at fair value through other
penghasilan komprehensif lain - neto 52.104 - (1.547) 50.557 comprehensive income - net
Cadangan kerugian atas Allowance for possible
aset produktif losses on earning and
dan non-produktif 105.175 83.377 - 188.552 non-earning assets
Penyisihan imbalan Allowance for employee
kerja karyawan 293.002 29.536 (13.511) 309.027 benefits
Cadangan bonus karyawan 53.516 14.617 - 68.133 Allowance for employee bonuses
Penyusutan aset tetap (33.410) (9.212) - (42.622) Fixed assets depreciation
Lain-lain 112.708 (29.610) - 83.098 Others
583.095 88.708 (15.058) 656.745
Entitas anak Subsidiaries
Penyisihan imbalan Allowance for employee
kerja karyawan 24.738 1.879 (838) 25.779 benefits
Cadangan bonus karyawan 6.586 641 - 7.227 Allowance for employee bonuses
Penyisihan kerugian Allowance for impairment
penurunan nilai 4.865 267 - 5.132 losses
Penyusutan aset tetap (4.937) (353) - (5.290) Fixed assets depreciation
Lain-lain 364 600 - 964 Others
31.616 3.034 (838) 33.812
Jumlah aset pajak tangguhan 614.711 91.742 (15.896) 690.557 Total deferred tax assets
Manajemen berkeyakinan bahwa aset pajak The management believes that the deferred tax
tangguhan yang timbul dari perbedaan assets that resulted from the temporary
temporer dapat direalisasikan pada periode differences are realizable in future periods.
mendatang.
d. Administrasi d. Administration
Berdasarkan Undang-undang Perpajakan yang Under the prevailing Taxation Laws of
berlaku di Indonesia, Bank dan entitas anak Indonesia, the Bank and subsidiaries
menghitung, menetapkan dan membayar calculates, determines and pays tax payable
sendiri besarnya jumlah pajak yang terutang. based on self-assessment. The Directorate
Direktur Jenderal Pajak ("DJP") dapat General of Taxes (“DGT”) may assess or
menetapkan atau mengubah liabilitas pajak amend taxes within five years from the time the
dalam batas waktu lima tahun sejak saat tax becomes due for the fiscal year 2008 and
terutangnya pajak untuk tahun pajak 2008 dan subsequent years.
tahun-tahun selanjutnya.
200
838 2024 Annual Report
Page 841
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
24. PAJAK PENGHASILAN (lanjutan) 24. INCOME TAX (continued)
d. Administrasi (lanjutan) d. Administration (continued)
Perhitungan pajak penghasilan untuk tahun The income tax calculation for the years
yang berakhir pada tanggal 31 Desember 2024 ended December 31, 2024 and 2023 which
dan 2023 yang menggunakan penghasilan uses taxable income from the reconciliation
kena pajak hasil rekonsiliasi sebagaimana result as disclosed in Note 24b will be and has
diungkapkan dalam Catatan 24b akan dan been the basis in filing Annual Corporate
telah menjadi dasar dalam pengisian Surat Income Tax Return.
Pemberitahuan Tahunan (SPT) Pajak
Penghasilan Badan.
25. BEBAN YANG MASIH HARUS DIBAYAR DAN 25. ACCRUED EXPENSES AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN
31 Desember/December 31
2024 2023
Rupiah Rupiah
Penyisihan imbalan kerja Provision for employee benefits
(Catatan 47b) 1.649.703 1.521.830 (Note 47b)
Beban yang masih harus dibayar 661.329 643.419 Accrued expenses
Liabilitas sewa 453.390 528.247 Lease liabilities
Bunga yang masih harus dibayar 192.973 233.645 Accrued interests
Cadangan atas kerugian kredit komitmen Expected credit loss allowance on
dan kontijensi (Catatan 32) 125.454 93.556 commitments and contigencies (Note 32)
Pendapatan diterima di muka 35.587 31.452 Deferred income
Setoran jaminan 16.397 20.449 Margin deposits
Lain-lain 425.287 471.174 Others
Sub-jumlah - Rupiah 3.560.120 3.543.772 Sub-total - Rupiah
Mata uang asing Foreign currencies
Bunga yang masih harus dibayar 82.956 29.548 Accrued interests
Setoran jaminan 21.902 24.047 Margin deposits
Beban yang masih harus dibayar 21.357 60.744 Accrued expenses
Cadangan atas kerugian kredit komitmen Expected credit loss allowance on
dan kontijensi (Catatan 32) 15.284 26.647 commitments and contigencies (Note 32)
Pendapatan diterima di muka 1.555 4.496 Deferred income
Lain-lain 41.447 1.752 Others
Sub-jumlah - Mata uang asing 184.501 147.234 Sub-total - Foreign currencies
Jumlah 3.744.621 3.691.006 Total
201
2024 Annual Report PT Bank Maybank Indonesia Tbk 839
Page 842
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
25. BEBAN YANG MASIH HARUS DIBAYAR DAN 25. ACCRUED EXPENSES AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN (lanjutan) (continued)
Pada tanggal 31 Desember 2024 dan 2023, beban As of December 31, 2024 and 2023, accrued
yang masih harus dibayar dan liabilitas lain-lain expenses and other liabilities with related parties
dengan pihak berelasi masing-masing sebesar amounted to Rp6,047 and Rp1,651, respectively
Rp6.047 dan Rp1.651 (Catatan 44). (Note 44).
Informasi mengenai jatuh tempo diungkapkan pada Information on maturities is disclosed in Note 54.
Catatan 54.
Pada tanggal 31 Desember 2024 dan 2023, liabilitas As of December 31, 2024 and 2023, other liabilities
lain-lain termasuk penyisihan liabilitas kontinjensi included a provision for contingent liabilities
masing-masing sebesar Rp255.107 dan amounting to Rp255,107 and Rp272,099,
Rp272.099. respectively.
Mutasi jumlah tercatat liabilitas sewa: Movement of lease liabilities:
31 Desember/December 31
2024 2023
Saldo awal 528.247 310.691 Beginning balance
Penambahan selama tahun berjalan 64.457 399.670 Additions for the year
Penambahan bunga (Catatan 15b) 41.475 20.085 Accretion of interest (Note 15b)
Selisih kurs - (1.859) Translation differences
Pembayaran (180.789) (200.340) Payments
Sub-jumlah 453.390 528.247 Sub-total
Dikurangi: Bagian yang jatuh tempo Less: Portion that will be due
dalam waktu satu tahun 29.574 23.657 within one year
Bagian jangka panjang 423.816 504.590 Long term portion
Informasi mengenai jatuh tempo terkait liabilitas Information on lease liabilities maturities is as
sewa adalah sebagai berikut: follows:
31 Desember/December 31
2024 2023
Rupiah Rupiah
≤ 1 bulan 54 2.969 ≤ 1 month
> 1 bulan - 3 bulan 40 - > 1 month - 3 months
> 3 bulan - 6 bulan 1.243 292 > 3 months - 6 months
> 6 bulan - 12 bulan 28.237 20.396 > 6 months - 12 months
> 12 bulan 423.816 504.590 > 12 months
453.390 528.247
202
840 2024 Annual Report
Page 843
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN SUBORDINASI 26. SUBORDINATED LOAN
31 Desember/December 31, 2024
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Long Term Notes Subordinasi Subordinated Long Term Notes
Yang Dilakukan Tanpa Melalui Conducted Without Going Through
Penawaran Umum PT Bank PT Maybank Sekuritas 23 Agustus/ Public Offering PT Bank Maybank
Maybank Indonesia Tbk Tahun 2023 Indonesia August 23, 2033 120 7,90% 100.000 Indonesia Tbk Year 2023
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (516) issuance cost
Jumlah nilai tercatat 99.484 Total carrying amount
31 Desember/December 31, 2023
Jangka waktu Suku bunga
(bulan)/ per tahun/
Wali amanat/ Jatuh tempo/ Tenor Interest rate Jumlah/
Trustee*) Maturity (in months) per annum Total
Rupiah Rupiah
Pihak berelasi (Catatan 44) Related parties (Note 44)
Long Term Notes Subordinasi Subordinated Long Term Notes
Yang Dilakukan Tanpa Melalui Conducted Without Going Through
Penawaran Umum PT Bank PT Maybank Sekuritas 23 Agustus/ Public Offering PT Bank Maybank
Maybank Indonesia Tbk Tahun 2023 Indonesia August 23, 2033 120 7,90% 100.000 Indonesia Tbk Year 2023
Dikurangi: Beban emisi
obligasi yang belum Less: Unamortized bonds'
diamortisasi (549) issuance cost
Jumlah nilai tercatat 99.451 Total carrying amount
Long Term Notes Subordinasi yang Dilakukan Subordinated Long Term Notes Conducted
Tanpa Melalui Penawaran Umum PT Bank Without Going Through Public Offering PT Bank
Maybank Indonesia Tbk Tahun 2023 (“LTN Maybank Indonesia Tbk Year 2023
Subordinasi) (“Subordinated LTN”)
Pada tanggal 23 Agustus 2023, Bank menerbitkan On August 23, 2023, the Bank issued Subordinated
LTN Subordinasi sebesar Rp100.000 sebagaimana LTN amounting to Rp100,000 as stipulated in the
diatur dalam ketentuan Peraturan Otoritas Jasa Financial Services Authority (OJK) Regulation No.
Keuangan (OJK) No. 39/POJK.04/2019 tentang 39/POJK.04/2019 concerning Issuance of Debt
Penerbitan Efek Bersifat Utang dan/atau Sukuk Securities and/or Sukuk which are conducted
yang dilakukan tanpa melalui penawaran umum without going through a public offering with bearing
dengan tingkat bunga tetap sebesar 7,90% per fixed interest rate at 7.90% per annum, with 10 (ten)
tahun, berjangka waktu 10 (sepuluh) tahun sejak years tenor since Issuance Date.
Tanggal Emisi.
203
2024 Annual Report PT Bank Maybank Indonesia Tbk 841
Page 844
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN SUBORDINASI (lanjutan) 26. SUBORDINATED LOAN (continued)
Long Term Notes Subordinasi yang Dilakukan Subordinated Long Term Notes Conducted
Tanpa Melalui Penawaran Umum PT Bank Without Going Through Public Offering PT Bank
Maybank Indonesia Tbk Tahun 2023 (“LTN Maybank Indonesia Tbk Year 2023
Subordinasi) (lanjutan) (“Subordinated LTN”) (continued)
Bunga LTN Subordinasi dibayarkan setiap 3 (tiga) The interest rate of the Subordinated LTN will be
bulan sesuai dengan tanggal pembayaran bunga paid on quarterly basis based on interest payment
LTN Subordinasi. Pembayaran bunga LTN date of the Subordinated LTN has been made on
Subordinasi pertama telah dilakukan pada tanggal November 23, 2023, while the last interest payment
23 November 2023, sedangkan pembayaran bunga of the Subordinated LTN and due date wll be made
LTN Subordinasi terakhir sekaligus jatuh tempo on August 23, 2033.
pokok LTN Subordinasi akan dilakukan pada
tanggal 23 Agustus 2033.
Pada saat penerbitan LTN Subordinasi dengan At the issuance of Subordinated LTN with reference
mengacu kepada ketentuan peraturan Otoritas Jasa to POJK No.11/POJK.03/2016 Article 19 (1) c dated
Keuangan (“POJK”) No.11/POJK.03/2016 Pasal 19 January 29, 2016 as last amanded through POJK
(1) c tanggal 29 Januari 2016 sebagaimana terakhir No.27 of 2022 on December 28, 2022 regarding
diubah melalui POJK No.27 tahun 2022 tanggal 28 Minimum Capital Adequacy for Commercial Bank,
Desember 2022, tentang Kewajiban Penyediaan then Subordinated LTN was issued with write down
Modal Minimum (“KPMM”) Bank Umum, maka LTN mechanism feature. In relation to that write down
Subordinasi diterbitkan dengan memiliki fitur mechanism feature, if there is any Non Viability
mekanisme write down. Sehubungan dengan Event as stipulated by FSA, the Bank irrevocably,
adanya fitur mekanisme write down tersebut, maka without approval from the Subordinated LTN holders
dalam hal telah terjadi Peristiwa Terganggu or calling Subordinated LTN Holders General
Kelangsungan Usaha sebagaimana ditetapkan oleh Meeting (“RUPLTN”), will conduct write down.
OJK, Bank secara tidak dapat ditarik kembali, tanpa
memerlukan persetujuan dari pemegang LTN
subordinasi atau tanpa memanggil Rapat Umum
Pemegang LTN Subordinasi (“RUPLTN”), akan
melakukan write down.
Walaupun Bank akan senantiasa menjaga Although the Bank will always maintain its viability,
kelangsungan usahanya, namun di masa yang akan in the future the Bank may be stated as non viable
datang Bank dapat dinyatakan terganggu by FSA, in which the Bank has to conduct write down
kelangsungan usahanya oleh OJK, dimana kondisi of Subordinated LTN.
ini akan mengharuskan Bank untuk melakukan write
down atas LTN subordinasi yang telah diterbitkan.
Unuk keperluan perhitungan rasio Kewajiban For the purpose of Capital Adequacy Ratio (“CAR”)
Penyediaan Modal Minimum (“KPMM”), LTN calculation, the Subordinated LTN is included as
subordinasi di atas diperhitungkan sebagai modal supplementary capital after the Bank received
pelengkap setelah Bank menerima surat approval letter from FSA No. S-100/PB.32/2023
persetujuan dari OJK No. S-100/PB.32/2023 tanggal dated October 6, 2023.
6 Oktober 2023.
204
842 2024 Annual Report
Page 845
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
26. PINJAMAN SUBORDINASI (lanjutan) 26. SUBORDINATED LOAN (continued)
Long Term Notes Subordinasi yang Dilakukan Subordinated Long Term Notes Conducted
Tanpa Melalui Penawaran Umum PT Bank Without Going Through Public Offering PT Bank
Maybank Indonesia Tbk Tahun 2023 (“LTN Maybank Indonesia Tbk Year 2023
Subordinasi) (lanjutan) (“Subordinated LTN”) (continued)
LTN Subordinasi ini tidak dijamin dengan jaminan Subordinated LTN is not guaranteed by any special
khusus dan tidak dijamin oleh pihak ketiga, termasuk guarantee and is not guaranteed by a third party,
tidak dijamin oleh Negara Republik Indonesia dan including not guaranteed by the Republic of
tidak dimasukkan dalam program penjaminan bank Indonesia and is not included in the bank guarantee
yang dilaksanakan oleh Lembaga Penjaminan program implemented by the Lembaga Penjaminan
Simpanan (LPS) atau lembaga penjaminan lainnya Simpanan (LPS) or other guarantee institutions are
sesuai dengan peraturan perundang- undangan in accordance with applicable laws and regulations
yang berlaku dan merupakan kewajiban penerbit and are a subordinated obligation of the issuer.
yang disubordinasi.
LTN Subordinasi ini tidak memiliki opsi untuk Subordinated LTN does not have a buy back option
pembelian kembali sampai dengan jatuh tempo LTN until the Subordinated LTN matures. Under certain
Subordinasi. Dalam kondisi tertentu sebagaimana conditions as intended in Article 5 of OJK Regulation
dimaksud Pasal 5 Peraturan OJK Nomor Number 30/POJK.04/2019, the Issuer is obliged to
30/POJK.04/2019, Penerbit wajib melakukan buy back the Subordinated LTN even though it has
pembelian kembali LTN Subordinasi walau belum not reached 1 (one) year from the Issuance Date
mencapai 1 (satu) tahun dari Tanggal Penerbitan and must obtain prior approval from the RUPLTN.
dan wajib memperoleh persetujuan terlebih dahulu
dari RUPLTN.
Bank menerbitkan LTN subordinasi sebagai Modal The Bank issues Subordinated LTN as
Pelengkap (“Tier 2 Capital”) sebagaimana Complementary Capital (“Tier 2 Capital”) as
ditentukan dalam peraturan yang berlaku dan akan specified in applicable regulations and will be used
digunakan untuk penyaluran kredit serta untuk for credit distribution and to stregthen the long-term
memperkuat struktur pendanaan jangka panjang. funding structure.
205
2024 Annual Report PT Bank Maybank Indonesia Tbk 843
Page 846
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MODAL SAHAM 27. SHARE CAPITAL
a. Modal saham a. Share capital
Modal ditempatkan dan disetor penuh Bank The Bank’s issued and fully paid capital as of
pada tanggal 31 Desember 2024 dan 2023 December 31, 2024 and 2023 are as follows:
adalah sebagai berikut:
31 Desember/December 31, 2024
dan/and
31 Desember/December 31, 2023
Nilai nominal
24010000_01 (nilai penuh)/
Jumlah saham/ Nominal amount
Jenis saham Number of shares (full amount) Rp Types of shares
Saham Seri A 388.146.231 900,00 349.332 Series A Shares
Saham Seri B 8.891.200.000 225,00 2.000.520 Series B Shares
Saham Seri D 66.935.849.590 22,50 1.506.056 Series D Shares
Jumlah 76.215.195.821 3.855.908 Total
Susunan pemegang saham Bank pada tanggal The Bank’s shareholders as of December 31,
31 Desember 2024 dan 2023, berdasarkan 2024 and 2023, based on the statement of PT
laporan dari Biro Administrasi Efek (BAE) - Sinartama Gunita, the shares registration
PT Sinartama Gunita adalah sebagai berikut: bureau (Biro Administrasi Efek (BAE)) are as
follows:
31 Desember/December 31, 2024
dan/and
31 Desember/December 31, 2023
Jumlah saham/
Pemegang saham % Number of shares Name of shareholder
Sorak Financial Holdings Pte. Ltd. 45,02 34.312.479.550 Sorak Financial Holdings Pte. Ltd.
Maybank Offshore Corporate Services Maybank Offshore Corporate Services
(Labuan) Sdn Bhd 33,96 25.882.393.996 (Labuan) Sdn Bhd
Vital Solution Fund 8,73 6.653.168.749 Vital Solution Fund
Masyarakat 12,29 9.367.153.526 Public
100,00 76.215.195.821
206
844 2024 Annual Report
Page 847
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Semua saham yang diterbitkan oleh Bank, All shares issued by the Bank, i.e. Series A,
seperti Seri A, Seri B, Seri C dan Seri D adalah Series B, Series C and Series D are common
saham biasa, kecuali untuk saham Seri C yang shares, except for Series C, which have
memiliki hak tambahan. Di antara hak additional rights. Among those additional rights
tambahan tersebut ialah hak untuk menerima is that of preferential treatment if the Bank is
sisa likuidasi Bank lebih dahulu. liquidated.
Sejak tahun 2001, saham Bank telah Since 2001, the Bank’s shares have been
diperdagangkan dengan mekanisme traded on a scriptless mechanism.
“scriptless”.
Saham Seri C hanya dapat dimiliki oleh Negara Series C shares may only be owned by the
Republik Indonesia atau badan hukum yang Government of the Republic of Indonesia,
seluruh sahamnya dimiliki oleh Negara companies wholly-owned by the Government of
Republik Indonesia atau badan hukum publik. the Republic of Indonesia or public legal entity.
Jika saham Seri C dijual atau dialihkan ke pihak If any Series C shares are sold or transferred to
lain yang bukan merupakan badan hukum another party that is a non-Government entity
Pemerintah, saham tersebut akan berubah then such Series C shares will be converted
dengan sendirinya menjadi saham Seri B. automatically into Series B shares.
Sejak tahun 2002, Pemerintah Republik Since 2002, the Government of the Republic of
Indonesia telah mencadangkan sejumlah Indonesia has provided certain of its Series C
tertentu saham Seri C yang dimilikinya untuk shares owned to be transferred to the holders
dialihkan kepada pemegang Sertifikat Bukti of Right Certificate (Sertifikat Bukti Hak - SBH)
Hak-SBH berdasarkan pengumuman Badan based on an announcement by the Indonesian
Penyehatan Perbankan Nasional tanggal 21 Bank Restructuring Agency on December 21,
Desember 2002. SBH ini diberikan oleh 2002. The SBH were provided by the
Pemerintah Republik Indonesia kepada pihak Government of the Republic of Indonesia to
yang telah mengambil bagian dalam pembelian parties that took a part of the purchase of Series
saham Seri B sehubungan dengan proses B shares related to the Bank’s recapitalization
rekapitalisasi Bank di tahun 1999, di mana process in 1999, wherein the holders of SBH
pemegang SBH berhak untuk menerima have a right to receive the proceeds from loans
pembayaran pinjaman yang diklasifikasikan classified as “loss”, which were transferred to
sebagai “macet”, yang sebelumnya telah the Indonesian Bank Restructuring Agency.
dialihkan ke Badan Penyehatan Perbankan
Nasional.
Berdasarkan hasil pelaksanaan penawaran Based on the results of Limited Public Offering
umum terbatas V dengan Hak Memesan Efek V with pre-emptive rights to the Bank’s
Terlebih Dahulu (“HMETD”), Bank telah shareholders, The Bank has added
menambah 6.253.554.529 lembar saham 6,253,554,529 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp140,705 on April 26, 2010 and thus
Rp140.705 pada tanggal 26 April 2010 dan the total share capital issued and paid up
dengan demikian jumlah seluruh saham increased to become 56,281,990,760 shares.
ditempatkan dan disetor Bank meningkat
menjadi 56.281.990.760 lembar saham.
207
2024 Annual Report PT Bank Maybank Indonesia Tbk 845
Page 848
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT V dimaksud With the implementation of PUT V the capital
maka susunan permodalan dan pemegang structure and composition of shareholders have
saham Bank per tanggal 21 April 2010 been changed as of April 21, 2010 as stated in
sebagaimana termuat dalam Akta Pernyataan Minutes of Meeting Notarial Deed No. 42 dated
Keputusan Rapat No. 42 tanggal 14 Mei 2010 May 14, 2010, notarized by Notary
yang dibuat dihadapan Poerbaningsih Adi Poerbaningsih Adi Warsito, S.H., in Jakarta and
Warsito, S.H., Notaris di Jakarta dan telah notified to Minister of Justice and Human Rights
diberitahukan kepada Menteri Hukum dan Hak of the Republic of Indonesia and has been
Asasi Manusia Republik Indonesia, acknowledged and registered under approval
serta telah diterima dan dicatat dibawah and acknowledgement notice No. AHU-
bukti penerimaan dan pemberitahuan AH.01.10-30430 dated November 26, 2010 and
No. AHU-AH.01.10-30430 tanggal 26 has been recorded in Company List Record
November 2010 dan telah didaftarkan dalam No. AHU-0085986.AH.01.09. Tahun 2010
Daftar Perseroan No. AHU-0085986.AH.01.09. dated November 26, 2010. Bank's issued and
Tahun 2010, tanggal 26 November 2010. fully paid capital structure changed to
Struktur modal ditempatkan dan disetor Bank Rp3,407,411 which consists of 56,281,990,760
mengalami perubahan menjadi sebesar shares.
Rp3.407.411 yang terdiri dari 56.281.990.760
saham.
Pada tanggal 23 Mei 2011 sampai dengan 26 On May 23, 2011 up to May 26, 2011, Maybank
Mei 2011, Maybank Offshore Corporate Offshore Corporate Services (Labuan) Sdn
Services (Labuan) Sdn Bhd selaku pemegang Bhd as a controlling shareholder, sold 695,500
saham pengendali, melakukan penjualan shares or 0.00127% and 5,239,500 shares or
saham sejumlah 695.500 saham atau sebesar 0.0093% on June 7, 2011 up to June 8, 2011,
0,00127% dan sejumlah 5.239.500 saham atau and 500 shares on May 3, 2012 in order to fulfill
sebesar 0,0093% pada tanggal 7 Juni 2011 Capital Market and Financial Institutions
sampai dengan 8 Juni 2011 dan sejumlah 500 Supervisory Agency (“BAPEPAM-LK”) rule No.
saham pada tanggal 3 Mei 2012, dalam rangka IX.H.1 on Takeover of Public Company,
memenuhi peraturan Badan Pengawas Pasar Attachment of Decision Letter BAPEPAM-LK
Modal dan Lembaga Keuangan (“BAPEPAM- Head No. Kep-259/BL/2008.
LK”) No. IX.H.1 tentang Pengambilalihan
Perusahaan Terbuka, Lampiran Keputusan
Ketua BAPEPAM-LK No. Kep-259/BL/2008.
Berdasarkan hasil pelaksanaan penawaran Based on the results of Limited Public Offering
umum terbatas VI dengan Hak Memesan Efek VI with pre-emptive rights to the Bank’s
Terlebih Dahulu (“HMETD”), Bank telah shareholders, The Bank has added
menambah 4.690.165.897 lembar saham 4,690,165,897 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp105,529 on July 23, 2013 in order to
Rp105.529 pada tanggal 23 Juli 2013 dalam expand the loan and thus the total share capital
rangka ekspansi kredit dan dengan demikian issued and paid up increased to become
jumlah seluruh saham ditempatkan dan disetor 60,972,156,657 shares.
Bank meningkat menjadi 60.972.156.657
lembar saham.
208
846 2024 Annual Report
Page 849
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT VI dimaksud With the implementation of PUT VI the capital
maka susunan permodalan dan pemegang structure and composition of shareholders
saham Bank telah berubah per tanggal 23 Juli have been changed as of July 23, 2013 as
2013 sebagaimana termuat dalam Akta stated in Minutes of Meeting Notarial Deed No.
Pernyataan Keputusan Rapat No. 34 tanggal 27 34 dated August 27, 2013 notarized by Notary
Agustus 2013 yang dibuat di hadapan Ir. Ir. Nanette Cahyanie Handari Adi Warsito,
Nanette Cahyanie Handari Adi Warsito, S.H., S.H., in Jakarta and notified to Minister of
Notaris di Jakarta dan telah diberitahukan Justice and Human Rights of the Republic of
kepada Menteri Hukum dan Hak Asasi Manusia Indonesia and has been acknowledged and
Republik Indonesia, serta telah diterima dan registered under approval and
dicatat di bawah bukti penerimaan dan acknowledgement notice No. AHU-AH.01.10-
pemberitahuan No. AHU-AH.01.10-44438 44438 dated October 28, 2013 and has been
tanggal 28 Oktober 2013 dan telah didaftarkan recorded in Company List Record No. AHU-
dalam Daftar Perseroan 0098911.AH.01.09.Tahun 2013 dated
No. AHU-0098911.AH.01.09.Tahun 2013, October 28, 2013. The Bank's issued and fully
tanggal 28 Oktober 2013. Struktur modal paid capital structure changed to
ditempatkan dan disetor Bank mengalami Rp3,512,940 which consists of
perubahan menjadi sebesar Rp3.512.940 yang 60,972,156,657 shares.
terdiri dari 60.972.156.657 saham.
Pada tanggal 22 November 2013, Sorak On November 22, 2013, Sorak Financial
Financial Holdings Pte. Ltd. selaku pemegang Holdings Pte. Ltd. as a controlling shareholder,
saham pengendali, melakukan penjualan sold 5,675,040,000 shares or 9.31% in order to
saham sejumlah 5.675.040.000 saham atau fulfill Capital Market and Financial Institutions
sebesar 9,31%, dalam rangka memenuhi Supervisory Agency (“BAPEPAM-LK”) rule No.
peraturan Badan Pengawas Pasar Modal dan IX.H.1 on Takeover of Public Company,
Lembaga Keuangan (“BAPEPAM-LK”) No. Attachment of Decision Letter BAPEPAM-LK
IX.H.1 tentang Pengambilalihan Perusahaan Head No. Kep-259/BL/2008.
Terbuka, Lampiran Keputusan Ketua
BAPEPAM-LK No. Kep-259/BL/2008.
Berdasarkan hasil pelaksanaan penawaran Based on the results of Limited Public Offering
umum terbatas VII dengan Hak Memesan Efek VII with pre-emptive rights to the Bank’s
Terlebih Dahulu (“HMETD”), Bank telah shareholders, the Bank has added
menambah 6.774.684.073 lembar saham 6,774,684,073 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp152,430 on December 24, 2014 in
Rp152.430 pada tanggal 24 Desember 2014 order to expand the loan and thus the total
dalam rangka ekspansi kredit dan dengan share capital issued and paid up increased to
demikian jumlah seluruh saham ditempatkan become 67,746,840,730 shares.
dan disetor Bank meningkat menjadi
67.746.840.730 lembar saham.
209
2024 Annual Report PT Bank Maybank Indonesia Tbk 847
Page 850
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT VII dimaksud With the implementation of PUT VII the capital
maka susunan permodalan dan pemegang structure and composition of shareholders have
saham Bank telah berubah per tanggal been changed as of December 24, 2014 as
24 Desember 2014 sebagaimana termuat stated in Minutes of Meeting Notarial Deed No.
dalam Akta Pernyataan Keputusan Rapat No. 4 4 dated February 5, 2015 notarized by Notary
tanggal 5 Februari 2015 yang dibuat di hadapan Aryanti Artisari, S.H., M.Kn., in Jakarta and
Aryanti Artisari, S.H., M.Kn., Notaris di Jakarta notified to Minister of Justice and Human Rights
dan telah diberitahukan kepada Menteri Hukum of the Republic of Indonesia and has been
dan Hak Asasi Manusia Republik Indonesia, acknowledged and registered under approval
serta telah diterima dan dicatat di bawah bukti and acknowledgement notice No. AHU-
penerimaan dan pemberitahuan No. AHU- AH.01.03-0008501 dated February 9, 2015 and
AH.01.03-0008501 tanggal 9 Februari 2015 dan has been recorded in Company List Record No.
telah didaftarkan dalam Daftar Perseroan AHU-0016899.AH.01.11.Tahun 2015 dated
No. AHU-0016899.AH.01.11.Tahun 2015, February 9, 2015. The Bank's issued and fully
tanggal 9 Februari 2015. Struktur modal paid capital structure changed to Rp3,665,370
ditempatkan dan disetor Bank mengalami which consists of 67,746,840,730 shares.
perubahan menjadi sebesar Rp3.665.370 yang
terdiri dari 67.746.840.730 saham.
Berdasarkan hasil pelaksanaan Penawaran Based on the results of Limited Public Offering
Umum Terbatas VIII dengan Hak Memesan VIII with pre-emptive rights to the Bank’s
Efek Terlebih Dahulu (“HMETD”), Bank telah shareholders, the Bank has added
menambah 8.468.355.091 lembar saham 8,468,355,091 shares with nominal value
dengan nilai nominal seluruhnya sebesar totaling Rp190,538 on June 28, 2018 hence,
Rp190.538 pada tanggal 28 Juni 2018 sehingga the total share capital issued and paid up
jumlah seluruh saham ditempatkan dan disetor increased to become 76,215,195,821 shares.
Bank meningkat menjadi 76.215.195.821
lembar saham.
Dana hasil Penawaran Umum Terbatas VIII The proceeds from the Limited Public Offering
setelah dikurangi biaya-biaya penerbitan VIII after deducted by the issuance costs of the
saham akan dipergunakan untuk memperkokoh shares will be used to strengthen the capital
struktur permodalan dan seluruhnya akan structure and will be used for credit expansion
digunakan untuk ekspansi kredit dalam rangka to support Bank’s business growth and will
pengembangan usaha Perseroan dan akan impact to the increase in Bank's core capital.
berdampak pada peningkatan modal inti
Perseroan.
210
848 2024 Annual Report
Page 851
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
a. Modal saham (lanjutan) a. Share capital (continued)
Dengan dilaksanakannya PUT VIII dimaksud With the realization of PUT VIII, the capital
maka susunan permodalan dan pemegang structure and composition of shareholders have
saham Bank telah berubah per tanggal 29 Juni been changed as of June 29, 2018 as stated in
2018 sebagaimana termuat dalam Akta Minutes of Meeting Notarial Deed No. 33 dated
Pernyataan Keputusan Rapat No. 33 tanggal July 24, 2018 notarized by Notary Aulia
24 Juli 2018 yang dibuat di hadapan Notaris Taufani, SH., Notary in Jakarta and notified to
Aulia Taufani, SH., Notaris di Jakarta dan telah Minister of Justice and Human Rights of the
diberitahukan kepada Menteri Hukum dan Hak Republic of Indonesia and has been
Asasi Manusia Republik Indonesia, serta telah acknowledged and registered under approval
diterima dan dicatat di bawah bukti penerimaan and acknowledgement notice No. AHU-
dan pemberitahuan No. AHU-AH.01.03- AH.01.03-0234513 dated August 21, 2018 and
0234513 tanggal 21 Agustus 2018 dan telah has been recorded in Company List Record No.
didaftarkan dalam Daftar Perseroan AHU-0109514.AH.01.11.Tahun 2018 dated
No. AHU-0109514.AH.01.11.Tahun 2018, August 21, 2018. The Bank's issued and fully
tanggal 21 Agustus 2018. Struktur modal paid capital structure changed to Rp3,855,908
ditempatkan dan disetor Bank mengalami which consists of 76,215,195,821 shares.
perubahan menjadi sebesar Rp3.855.908 yang
terdiri dari 76.215.195.821 saham.
Pada tanggal 8 Desember 2023, UBS AG On December 8, 2023, UBS AG London sold
London, melakukan penjualan saham sejumlah 13,953,168,749 shares or 18.31% to Vital
13.953.168.749 saham atau sebesar 18,31% Solution Fund amounted to 6,653,168,749
kepada Vital Solution Fund sejumlah shares or 8.73% and the rest to public.
6.653.168.749 saham atau sebesar 8,73% dan
sisanya kepada masyarakat.
Dengan adanya transaksi tersebut, maka PT After the completion of this transaction, PT
Bank Maybank Indonesia, Tbk. telah memenuhi Bank Maybank Indonesia, Tbk. has fulfilled the
7,50% porsi saham Free-Float, sebagaimana 7.50% Free-Float share portion, as regulated in
yang diatur dalam Peraturan PT Bursa Efek PT Bursa Efek Indonesia Regulation Number I-
Indonesia Nomor I-A perihal “Pencatatan A "Registration of Shares and Equity Securities
Saham dan Efek bersifat Ekuitas Selain Saham Other than Shares Issued by Listed
yang Diterbitkan oleh Perusahaan Tercatat”. Companies". The Bank has reported this
Perihal terjadinya transaksi tersebut, Bank telah transaction to the Financial Services Authority
menyampaikannya kepada Otoritas Jasa (OJK) Capital Market Supervisory and the
Keuangan (OJK) Pengawas Pasar Modal dan Indonesian Stock Exchange through Letter No.
PT Bursa Efek Indonesia melalui Surat No. S.2023.206/MBI/DIR COMPLIANCE dated
S.2023.206/MBI/DIR COMPLIANCE tertanggal December 12, 2023 regarding Submission of
12 Desember 2023 perihal Penyampaian Information Disclosure Reports for PT Bank
Laporan Keterbukaan Informasi PT Bank Maybank Indonesia, Tbk. and Letter No.
Maybank Indonesia, Tbk. dan Surat No. S.2023.210/MBI/DIR COMPLIANCE dated
S.2023.210/MBI/DIR COMPLIANCE tertanggal December 15, 2023 regarding Submission of
15 Desember 2023 perihal Penyampaian Ownership Reports/Any Changes in Share
Laporan Kepemilikan/Setiap Perubahan Ownership of PT Bank Maybank Indonesia,
Kepemilikan Saham PT Bank Maybank Tbk. in accordance with Financial Services
Indonesia, Tbk. sesuai dengan Peraturan Authority Regulation Number
Otoritas Jasa Keuangan Nomor 11/POJK.04/2017.
11/POJK.04/2017.
211
2024 Annual Report PT Bank Maybank Indonesia Tbk 849
Page 852
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
b. Saldo Laba b. Retained Earning
Berdasarkan keputusan Rapat Umum Based on the decision of The Annual General
Pemegang Saham Tahunan yang dibuat di Meeting of Shareholder which was notarized by
hadapan Notaris Aulia Taufani, S.H. tanggal Aulia Taufani, S.H. dated April 1, 2024, the
1 April 2024, para pemegang saham menyetujui shareholders approved and ratified the 2023
dan mengesahkan laporan tahunan 2023 dan annual report and the consolidated financial
laporan keuangan konsolidasian tanggal 31 statements as of December 31, 2023.
Desember 2023.
Berdasarkan keputusan Rapat Umum Based on the decision of The Annual General
Pemegang Saham Tahunan yang dibuat di Meeting of Shareholder which was notarized by
hadapan Notaris Aulia Taufani, S.H. tanggal Aulia Taufani, S.H. dated March 31, 2023, the
31 Maret 2023, para pemegang saham shareholders approved and ratified the 2022
menyetujui dan mengesahkan laporan tahunan annual report and the consolidated financial
2022 dan laporan keuangan konsolidasian statements as of December 31, 2022.
tanggal 31 Desember 2022.
28. TAMBAHAN MODAL DISETOR 28. ADDITIONAL PAID-IN CAPITAL
Tambahan modal disetor terdiri dari: Additional paid-in capital consist of:
31 Desember/December 31
2024 2023
Agio saham 6.383.961 6.383.961 Additional paid-in capital
Biaya emisi efek ekuitas (26.585) (26.585) Share issuance costs
6.357.376 6.357.376
Tambahan modal disetor pada tanggal Additional paid in capital as of December 31, 2024
31 Desember 2024 dan 2023 sebesar Rp6.383.961 and 2023 amounted to Rp6,383,961 resulted from
berasal dari Penawaran Umum Terbatas (PUT) Rights Issue (PUT) before deducted by share
sebelum dikurangi dengan biaya-biaya yang terkait issuance cost related to PUT amounting to
PUT sebesar Rp26.585. Rp26,585.
212
850 2024 Annual Report
Page 853
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
29. PENGGUNAAN LABA NETO 29. APPROPRIATION OF NET INCOME
Pada tanggal 31 Maret 2023, Bank mengadakan On March 31, 2023, the Bank held an Annual
Rapat Umum Pemegang Saham Tahunan di mana Shareholders’ General Meeting whereby the
pemegang saham menyetujui pembayaran dividen Shareholders approved the payment of cash
tunai sebesar Rp588.429 yang berasal dari laba dividends of Rp588,429 from the 2022 net income
neto yang dapat diatribusikan kepada pemilik atributable to equity holders of the parent company
entitas induk tahun 2022 sebesar Rp1.471.070. of Rp1,471,070. The cash dividends have been paid
Dividen tunai telah dibayarkan pada tanggal 28 on April 28, 2023.
April 2023.
Pada tanggal 1 April 2024, Bank mengadakan On April 1, 2024, the Bank held an Annual
Rapat Umum Pemegang Saham Tahunan di mana Shareholders’ General Meeting. Annual
pemegang saham menyetujui pembayaran dividen Shareholders’ General Meeting whereby the
tunai sebesar Rp784.533 yang berasal dari laba Shareholders approved the payment of cash
neto yang dapat diatribusikan kepada pemilik dividends of Rp784,533 from the 2023 net income
entitas induk tahun 2023 sebesar Rp1.743.406. atributable to equity holders of the parent company
Dividen tunai telah dibayarkan pada tanggal 30 of Rp1,743,406. The cash dividends have been paid
April 2024. on April 30, 2024.
30. CADANGAN UMUM 30. GENERAL RESERVE
Bank telah membentuk penyisihan cadangan umum The Bank has set-up a general reserve totalling
dengan jumlah masing-masing sebesar Rp771.182 Rp771,182 as of December 31, 2024 and 2023,
per 31 Desember 2024 dan 2023, sesuai dengan respectively, in accordance with the Indonesian
Undang-undang No. 40 tahun 2007 mengenai Limited Company Law No. 40, year 2007 which
Perseroan Terbatas, yang mengharuskan requires companies to set up a general reserve
perusahaan-perusahaan untuk membuat amounting to at least 20.00% of the issued and fully
penyisihan cadangan umum sebesar sekurang- paid share capital. The law does not set period of
kurangnya 20,00% dari jumlah modal yang time over which this amount should be provided.
ditempatkan dan disetor penuh. Undang-undang
tersebut tidak mengatur jangka waktu untuk
pembentukan penyisihan tersebut.
31. SELISIH KURS KARENA PENJABARAN 31. DIFFERENCES ARISING FROM THE
LAPORAN KEUANGAN DALAM MATA UANG TRANSLATION OF FOREIGN CURRENCY
ASING FINANCIAL STATEMENTS
31 Desember/December 31
2024 2023
Differences arising from the
Selisih kurs karena penjabaran laporan translation of foreign currency
keuangan cabang Bank financial statements
di luar negeri 40.793 42.142 of overseas branches
213
2024 Annual Report PT Bank Maybank Indonesia Tbk 851
Page 854
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. KOMITMEN DAN KONTINJENSI 32. COMMITMENTS AND CONTINGENCIES
Bank memiliki tagihan dan liabilitas komitmen dan The Bank has commitment and contingent
kontinjensi, sebagai berikut: receivables and liabilities, which are as follows:
31 Desember/December 31
2024 2023
KOMITMEN COMMITMENTS
Tagihan Komitmen Commitment Receivables
Lainnya - 140.165 Others
Jumlah Tagihan Komitmen - 140.165 Total Commitment Receivables
Liabilitas Komitmen Commitment Liabilities
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik 1.022.437 1.171.381 granted to customers
L/C irrevocable yang masih
berjalan 547.359 1.092.961 Outstanding irrevocable L/Cs
Lainnya - 157.951 Others
Jumlah Liabilitas Komitmen 1.569.796 2.422.293 Total Commitment Liabilities
KONTINJENSI CONTINGENCIES
Tagihan Kontinjensi Contingent Receivables
Garansi yang diterima 27.173 14.467 Guarantees received
Jumlah Tagihan Kontinjensi 27.173 14.467 Total Contingent Receivables
Liabilitas Kontinjensi Contingent Liabilities
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi 2.120.731 1.686.164 Bank guarantees
Standby L/Cs 931.710 93.859 Standby L/Cs
Jumlah Liabilitas Kontinjensi 3.052.441 1.780.023 Total Contingent Liabilities
Tagihan komitmen - lainnya dan liabilitas komitmen Commitment receivables - others and commitment
- lainnya timbul akibat penjualan dan pembelian aset liabilities - others resulted from regular way sales
keuangan reguler yang akan diakui pada tanggal and purchases of financial assets which will be
penyelesaian. recognized on the settlement date.
Liabilitas kontinjensi konsolidasian kepada pihak Outstanding consolidated contingent liabilities to
berelasi per 31 Desember 2024 dan 2023 adalah related parties as of December 31, 2024 and 2023
masing-masing sebesar Rp19.727 dan Rp14.827 were Rp19,727 and Rp14,827, respectively
(Catatan 44). (Note 44).
214
852 2024 Annual Report
Page 855
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
32. KOMITMEN DAN KONTINJENSI (lanjutan) 32. COMMITMENTS AND CONTINGENCIES
(continued)
Cadangan atas kerugian kredit ekspektasian atas Expected credit loss allowance on commitments
komitmen dan kontinjensi (Catatan 25) adalah and contingencies (Notes 25) are as follows:
sebagai berikut:
31 Desember/December 31
2024 2023
Fasilitas pinjaman kepada nasabah yang belum ditarik 132.985 114.849 Unused loan commitments granted to customers
Garansi yang diberikan 7.616 5.152 Guarantee issued
L/C Irrevocable yang masih berjalan 129 197 Outstanding irrevocable L/Cs
Lainnya 8 5 Others
Jumlah 140.738 120.203 Total
Analisis atas perubahan dalam cadangan atas An analysis of change in the corresponding
kerugian kredit ekspektasian terkait untuk komitmen expected credit loss allowances of commitment and
dan kontinjensi sebagai berikut: contingencies is as follows:
31 Desember/December 31, 2024
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Cadangan atas kerugian kredit ekspektasian awal 96.805 13.449 9.949 120.203 Beginning expected credit loss allowance
Transfer ke Stage 1 9.779 (9.451) (328) - Transfer to Stage 1
Transfer ke Stage 2 (999) 1.005 (6) - Transfer to Stage 2
Transfer ke Stage 3 (348) (219) 567 - Transfer to Stage 3
Perubahan neto (17.542) 6.927 (7.512) (18.127) Net change
Aset baru 48.824 1.888 6 50.718 New assets originated
Aset dihentikan pengakuannya (selain karena penghapusbukuan) (11.402) (1.340) (119) (12.861) Assets derecognized (other than write-offs)
Selisih akibat perbedaan kurs 803 2 - 805 Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 125.920 12.261 2.557 140.738 Ending expected credit loss allowance
31 Desember/December 31 , 2023
Jumlah/
Stage 1 Stage 2 Stage 3 Total
Cadangan atas kerugian kredit ekspektasian awal 88.696 18.421 14.982 122.099 Beginning expected credit loss allowance
Transfer ke Stage 1 12.315 (11.955) (360) - Transfer to Stage 1
Transfer ke Stage 2 (1.146) 1.171 (25) - Transfer to Stage 2
Transfer ke Stage 3 (165) (507) 672 - Transfer to Stage 3
Perubahan neto (15.465) 8.371 268 (6.826) Net change
Aset baru 27.152 674 35 27.861 New assets originated
Aset dihentikan pengakuannya (selain karena penghapusbukuan) (14.224) (2.726) (5.623) (22.573) Assets derecognized (other than write-offs)
Selisih akibat perbedaan kurs (358) - - (358) Exchange rate differences
Cadangan atas kerugian kredit ekspektasian akhir 96.805 13.449 9.949 120.203 Ending expected credit loss allowance
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai telah memadai. impairment losses is adequate.
33. PENDAPATAN BUNGA DAN SYARIAH 33. INTEREST AND SHARIA INCOME
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Kredit yang diberikan 6.171.227 5.647.981 Loans
Syariah 2.636.767 2.482.572 Sharia
Piutang pembiayaan Consumer financing
konsumen - neto 2.185.782 2.116.247 receivables - net
Efek-efek 1.843.235 1.398.713 Marketable securities
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 220.451 234.582 and other banks
Lain-lain 4.740 3.796 Others
13.062.202 11.883.891
215
2024 Annual Report PT Bank Maybank Indonesia Tbk 853
Page 856
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
33. PENDAPATAN BUNGA DAN SYARIAH (lanjutan) 33. INTEREST AND SHARIA INCOME (continued)
Berikut adalah rincian pendapatan bunga dan This is a breakdown of interest income and Sharia
Syariah menurut klasifikasi instrumen keuangan according to the classification of financial instrument
untuk tahun yang berakhir pada tanggal for the year ended December 31, 2024 and 2023:
31 Desember 2024 dan 2023:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Biaya perolehan diamortisasi Amortised cost
Kredit yang diberikan 6.171.227 5.647.981 Loans
Piutang pembiayaan Consumer financing
konsumen - neto 2.185.782 2.116.247 receivables - net
Efek-efek 242.763 383.533 Marketable securities
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain 220.451 234.582 and other banks
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 31.593 193.657 resale agreement
Lain-lain 4.741 3.796 Others
Syariah Sharia
Pendapatan penyaluran dana 2.035.069 1.761.635 Income from fund distributions
Efek-efek 547.485 676.890 Marketable securities
Penempatan pada Bank Indonesia Placement with Bank Indonesia and
dan bank lain 54.213 44.047 other banks
Nilai wajar melalui laporan
laba rugi Fair value through profit or loss
Efek-efek 146.865 77.087 Marketable securities
Nilai wajar melalui pendapatan Fair value through other
komprehensif lainnya comprehensive income
Efek-efek 1.422.013 744.436 Marketable securities
Jumlah 13.062.202 11.883.891 Total
Pada tahun yang berakhir pada tanggal For the year ended December 31, 2024 and 2023,
31 Desember 2024 dan 2023, termasuk dalam in the interest and sharia income, there is income
pendapatan bunga dan syariah di atas adalah from related party amounted to Rp1,996 and
pendapatan dari pihak berelasi dengan jumlah Rp1,238, respectively (Note 44).
masing-masing sebesar Rp1.996 dan Rp1.238
(Catatan 44).
34. BEBAN BUNGA DAN SYARIAH 34. INTEREST AND SHARIA EXPENSE
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Deposito berjangka 1.873.533 1.475.158 Time deposits
Syariah 1.348.497 1.184.501 Sharia
Pinjaman diterima 1.061.437 564.591 Borrowings
Giro 763.653 596.299 Demand deposits
Surat berharga yang diterbitkan 272.704 331.313 Securities issued
Premium on third party fund
Premi penjaminan dana pihak ketiga 241.190 225.571 guarantee
Tabungan 236.941 163.257 Saving deposits
Call money 150.881 72.265 Call money
Pinjaman dan obligasi subordinasi 7.956 37.313 Subordinated loan and bonds
5.956.792 4.650.268
216
854 2024 Annual Report
Page 857
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
34. BEBAN BUNGA DAN SYARIAH (lanjutan) 34. INTEREST AND SHARIA EXPENSE (continued)
Jumlah beban bunga yang berasal dari amortisasi Total interest expenses from the amortization of
biaya provisi dan komisi untuk tahun yang berakhir provision and commissions and transaction costs for
pada tanggal 31 Desember 2024 dan 2023 the year ended December 31, 2024 and 2023
masing-masing adalah Rp6.403 dan Rp5.608. amounted Rp6,403 and Rp5,608, respectively.
Pada tahun yang berakhir pada tanggal For the year ended December 31, 2024 and 2023,
31 Desember 2024 dan 2023, termasuk dalam in the interest and sharia expenses, there is
beban bunga dan syariah di atas adalah beban dari expenses from related party amounted to Rp20,442
pihak berelasi dengan jumlah masing-masing and Rp32,707, respectively (Note 44).
sebesar Rp20.442 dan Rp32.707 (Catatan 44).
35. KEUNTUNGAN PENJUALAN EFEK-EFEK YANG 35. GAINS ON SALE OF TRADING SECURITIES AND
DIPERDAGANGKAN DAN INVESTASI FINANCIAL INVESTMENT - NET
KEUANGAN - NETO
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
35000000
Efek-efek 132.339 183.566 Marketable securities
36. PENDAPATAN OPERASIONAL LAINNYA 36. OTHER OPERATING INCOME - OTHER FEE
- PENDAPATAN LAINNYA INCOME
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Pendapatan kembali piutang yang Collection of receivables
telah dihapusbukukan 645.118 333.116 previously written-off
Administrasi piutang pembiayaan Consumer financing receivables
konsumen 235.768 251.461 administration
Administrasi ritel 157.979 173.823 Retail administration
Administrasi kredit yang diberikan 143.657 129.681 Loan administration
Administrasi kartu kredit 117.076 122.105 Credit card administration
Pendapatan jasa konsultasi 62.908 48.022 Advisory fees
Komisi reksadana 46.938 28.565 Mutual funds commissions and fees
Jasa perbankan 45.941 42.443 Banking services
Pendapatan transfer 21.383 20.999 Transfer fees
Investasi perbankan 10.700 780 Investment banking
Administrasi impor dan ekspor 3.566 3.769 Import and export administration
Lain-lain 394.053 305.301 Others
1.885.087 1.460.065
Lain-lain terutama terdiri atas pendapatan agen Others mainly consist of bonds sales agent fee,
penjualan obligasi, pendapatan dividen dan dividend income and other income that can not be
pendapatan lain-lain yang tidak dapat classified to other accounts.
diklasifikasikan ke akun lain.
217
2024 Annual Report PT Bank Maybank Indonesia Tbk 855
Page 858
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
37. PENURUNAN/(KENAIKAN) NILAI EFEK-EFEK 37. DECREASE/(INCREASE) IN VALUE OF
YANG DIPERDAGANGKAN – NETO TRADING SECURITIES - NET
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Efek-efek 8.408 (3.603) Marketable securities
38. PENYISIHAN KERUGIAN PENURUNAN NILAI 38. PROVISION FOR IMPAIRMENT LOSSES ON
ATAS INSTRUMEN KEUANGAN - NETO FINANCIAL INSTRUMENTS - NET
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
34000000
Giro pada bank lain (Catatan 6) (840) 319 Current accounts with other banks (Note 6)
Penempatan pada bank lain (Catatan 7) (2.000) (1.000) Placements with other banks (Note 7)
Investasi keuangan (Catatan 9) 2.559 (7.094) Financial investments (Note 9)
Penyertaan saham (Catatan 9) - 3.594 Investment in shares (Note 9)
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali (Catatan 10) 97 (1.025) resale agreements (Note 10)
Kredit yang diberikan dan piutang/ Loans and Sharia receivables/
pembiayaan syariah (Catatan 12) 1.138.354 859.528 financing (Note 12)
Piutang pembiayaan Consumer financing
konsumen (Catatan 13) 190.054 211.319 receivables (Note 13)
Tagihan akseptasi (Catatan 14a) 1.212 (13.429) Acceptance receivables (Note 14a)
Tagihan lainnya (Catatan 17) 1.947 12.040 Other receivables (Note 17)
Komitmen dan kontinjensi (Catatan 32) 19.730 (1.538) Commitments and contigencies (Note 32)
1.351.113 1.062.714
39. PENYISIHAN KERUGIAN ATAS ASET NON- 39. PROVISION FOR POSSIBLE LOSSES ON NON-
PRODUKTIF EARNING ASSETS
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
35000000
Agunan yang diambil alih (Catatan 17) 18.263 52.346 Foreclosed assets (Note 17)
Penyisihan kerugian ini dibentuk agunan yang The provision for possible losses is provided
diambil alih dalam bentuk tanah dan bangunan. foreclosed assets in the form of lands and buildings.
218
856 2024 Annual Report
Page 859
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
40. BEBAN UMUM DAN ADMINISTRASI 40. GENERAL AND ADMINISTRATIVE EXPENSES
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
35000000
Umum 751.507 614.463 General
Jasa outsourcing 555.692 540.807 Outsourcing services
Penyusutan dan amortisasi 513.969 527.997 Depreciation and amortization
Perbaikan dan pemeliharaan Repairs and maintenance of
aset tetap 375.581 353.123 fixed assets
Promosi 181.033 179.896 Promotions
Sewa 171.142 133.452 Rental
Komunikasi perbankan 102.075 98.704 Banking communications
Pendidikan, penelitian Education, research
dan pengembangan 76.200 76.909 and development
Premi asuransi 74.790 73.480 Insurance premium
Transportasi dan rumah tangga 73.360 67.863 Transportation and housing
Telepon 54.245 52.726 Telephone
Listrik dan air 52.240 53.266 Electricity and water
Beban profesional 49.389 12.052 Professional fees
Cetakan dan alat tulis 23.790 20.495 Printing and stationery
3.055.013 2.805.233
41. BEBAN TENAGA KERJA 41. PERSONNEL EXPENSES
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
35000000
Gaji, upah, tunjangan pensiun Salaries, wages, pension and
dan pajak 1.766.675 1.668.270 tax allowances
Tunjangan lainnya 499.108 473.688 Other allowances
Bonus 442.866 420.974 Bonuses
Lain-lain 535.930 437.135 Others
3.244.579 3.000.067
Remunerasi karyawan kunci untuk tahun yang Remuneration of key management packages for the
berakhir 31 Desember 2024 dan 2023 adalah years ended December 31, 2024 and 2023 are as
sebagai berikut: follows:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Dewan Komisaris 24.994 21.885 The Board of Commissioners
Direksi 120.180 116.071 Directors
Komite Audit 2.164 1.852 Audit Committee
Pejabat Eksekutif 287.813 270.454 Executive Officers
Dewan Pengawas Syariah 2.344 1.861 Sharia Supervisory Board
437.495 412.123
219
2024 Annual Report PT Bank Maybank Indonesia Tbk 857
Page 860
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
42. PENDAPATAN NON-OPERASIONAL - NETO 42. NON-OPERATING INCOME - NET
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
35000000
Laba dari penjualan aset tetap (Catatan 15a) 3.680 5.013 Gains on sale of fixed assets (Note 15a)
Denda dan sumbangan (1.353) (1.364) Penalties and donations
Beban kegiatan karyawan (6.026) (6.013) Employee activities expenses
Lain-lain - neto 15.372 9.150 Others - net
11.673 6.786
43. LABA PER SAHAM DASAR 43. BASIC EARNINGS PER SHARE
Laba per saham dasar dihitung dengan membagi Basic earnings per share is calculated by dividing
laba tahun berjalan yang diatribusikan kepada the income for the year attributable to the equity
pemilik entitas induk dengan rata-rata tertimbang holders of the parent company by the weighted
jumlah saham biasa yang beredar pada periode average number of ordinary shares outstanding
bersangkutan. during the period.
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
Laba tahun berjalan diatribusikan Gains for the year attributable
kepada pemilik entitas induk 1.115.963 1.743.406 to equity holders of the parent company
Jumlah rata-rata tertimbang saham Weighted average number of ordinary
biasa yang beredar (nilai penuh) 76.215.195.821 76.215.195.821 shares oustanding (full amount)
Laba per saham dasar (nilai penuh) 14,64 22,87 Basic earnings per share (full amount)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION
PIHAK BERELASI
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
Dewan Komisaris, Direksi dan pejabat Karyawan kunci/Key management personnel, Kredit yang diberikan dan piutang/pembiayaan Syariah/Loans
eksekutif/Board of Commissioners, Directors and Pengurus/Management and Sharia receivables/financing, Simpanan nasabah/Deposits
executive officer from customers, Beban yang masih harus dibayar dan liabilitas
lain-lain/Accrued expenses and other liabilities, Pendapatan
bunga/Interest income, Beban bunga/Interest expenses, Beban
tenaga kerja/Personnel expenses
Malayan Banking Berhad Pemegang saham akhir/Ultimate shareholder Giro pada bank lain/Current accounts with other banks, Tagihan
derivatif/Derivatives receivable, Beban dibayar dimuka dan aset
lain-lain/Prepayments and other assets, Simpanan dari bank
lain/Deposits from other banks, Liabilitas derivatif/Derivatives
payable, Liabilitas akseptasi/Acceptances payable, Surat
berharga yang diterbitkan/Securities issued, Beban yang masih
harus dibayar dan liabilitas lain-lain/Accrued expenses and other
liabilities, Obligasi subordinasi/Subordinated bonds, Pendapatan
bunga/Interest income, Beban bunga/Interest expenses, Bank
garansi/Bank guarantee
Sorak Financial Holdings Pte. Ltd. Pemegang saham/Shareholder Simpanan nasabah/Deposits from customers, Beban
bunga/Interest expenses
Maybank Offshore Corporate Services (Labuan) Pemegang saham/Shareholder Simpanan nasabah/Deposits from customers, Beban
Sdn. Bhd. bunga/Interest expenses
PT Maybank Sekuritas Indonesia Mempunyai pemegang akhir yang sama/Owned by Kredit yang diberikan dari piutang/pembiayaan Syariah/Loans
the same ultimate shareholder and Sharia receivables/financing, Penyertaan saham/ Investment
in shares, Tagihan derivatif/Derivatives receivable, Beban
dibayar dimuka dan aset lain-lain/Prepayments and other assets,
Simpanan nasabah/Deposits from customers, Liabilitas
derivative/Derivative payable, Pendapatan bunga/Interest
income, Beban bunga/Interest expenses
220
858 2024 Annual Report
Page 861
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION (continued)
PIHAK BERELASI (lanjutan)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transaction
MIB Securities India Mempunyai pemegang akhir yang sama/Owned by Simpanan nasabah/Deposits from customers, Beban
(D/H Kim Eng Securities India Pvt. Ltd.) the same ultimate shareholder bunga/Interest expenses
PT Maybank Asset Management Mempunyai pemegang akhir yang sama/Owned by Simpanan nasabah/Deposits from customers, Beban
the same ultimate shareholder bunga/Interest expenses
UBS AG *) Pemegang saham/Shareholder Pendapatan bunga/Interest income
MBB Labs Private Limited Mempunyai pemegang akhir yang sama/Owned by Simpanan nasabah/Deposits from customers, Beban
the same ultimate shareholder bunga/Interest expenses
PT Asuransi Etiqa Internasional Indonesia Mempunyai pemegang akhir yang sama/Owned by Kredit yang diberikan dari piutang/Pembiayaan syariah/Loans
the same ultimate shareholder and Sharia receivables/financing, Simpanan nasabah/Deposits
from customers, Pendapatan bunga/Interest income, Beban
bunga/Interest expenses
Maybank Singapore Limited Mempunyai pemegang akhir yang sama/Owned by Simpanan dari bank lain/Deposits from other banks, Beban
the same ultimate shareholder bunga/Interest expenses
*) Sejak 8 Desember 2023, UBS AG sudah tidak menjadi pihak berelasi Bank *) Since December 8, 2023, UBS AG was no longer Bank’s related party
(Catatan 27a) (Notes 27a)
Dalam menjalankan kegiatan usahanya, Bank In the normal course of business, the Bank entered
melakukan transaksi dengan pihak-pihak berelasi into transactions with related parties in accordance
sesuai dengan kebijakan dan persyaratan yang to mutually agreed upon terms and conditions.
telah disepakati bersama.
Saldo aset produktif, simpanan, pinjaman yang The outstanding balances of earning assets,
diterima dan komitmen dan kontinjensi dari pihak deposits, borrowings and commitments and
berelasi adalah sebagai berikut: contingencies with related parties are as follows:
31 Desember/December 31
2024 2023
ASET ASSETS
Giro pada bank lain (Catatan 6) 60.915 96.818 Current accounts with other banks (Note 6)
Investasi keuangan (Catatan 9) 159.504 159.504 Financial investments (Note 9)
Tagihan derivatif (Catatan 11) 446.622 273.660 Derivatives receivable (Note 11)
Kredit yang diberikan dan piutang/ Loans and sharia receivables/
pembiayaan syariah (Catatan 12) 143.478 251.301 financing (Note 12)
Beban yang dibayar dimuka dan Prepayments and
aset lain-lain (Catatan 17) 146.128 109.246 other assets (Note 17)
Persentase terhadap jumlah aset Percentage to total assets
Giro pada bank lain 0,03% 0,06% Current accounts with other banks
Investasi keuangan 0,08% 0,09% Financial investments
Tagihan derivatif 0,23% 0,16% Derivatives receivable
Kredit yang diberikan dan piutang/ Loans and sharia receivables/
pembiayaan syariah 0,07% 0,15% financing
Beban yang dibayar dimuka dan Prepayments and
aset lain-lain 0,01% 0,02% other assets
221
2024 Annual Report PT Bank Maybank Indonesia Tbk 859
Page 862
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION (continued)
PIHAK BERELASI (lanjutan)
Saldo aset produktif, simpanan, pinjaman yang The outstanding balances of earning assets,
diterima dan komitmen dan kontinjensi dari pihak deposits, borrowings and commitments and
berelasi adalah sebagai berikut: (lanjutan) contingencies with related parties are as follows:
(continued)
31 Desember/December 31
2024 2023
LIABILITAS LIABILITIES
Liabilitas segera (Catatan 18) 1.014 1.775 Obligations due immediately (Note 18)
Simpanan nasabah (Catatan 19) 404.298 407.559 Deposits from customers (Note 19)
Simpanan dari bank lain (Catatan 20) 2.914.963 1.439.158 Deposits from other banks (Note 20)
Liabilitas derivatif (Catatan 11) 508.422 252.713 Derivatives payable (Note 11)
Liabilitas akseptasi (Catatan 14b) 56.085 517 Acceptances payable (Note 14b)
Surat berharga yang diterbitkan (Catatan 22) 51.987 76.409 Securities issued (Note 22)
Beban yang masih harus dibayar dan Accrued expenses and
liabilitas lain-lain (Catatan 25) 6.047 1.651 other liabilities (Note 25)
Obligasi subordinasi (Catatan 26) 99.484 99.451 Subordinated bonds (Note 26)
Persentase terhadap jumlah liabilitas Percentage to total liabilities
Liabilitas segera 0,00% 0,00% Obligations due immediately
Simpanan nasabah 0,24% 0,29% Deposits from customers
Simpanan dari bank lain 1,75% 1,02% Deposits from other banks
Liabilitas derivatif 0,31% 0,18% Derivatives payable
Liabilitas akseptasi 0,03% 0,00% Acceptances payable
Surat berharga yang diterbitkan 0,03% 0,05% Securities issued
Beban yang masih harus dibayar dan Accrued expenses and
liabilitas lain-lain 0,00% 0,00% other liabilities
Obligasi subordinasi 0,06% 0,07% Subordinated bonds
KOMITMEN DAN KONTINJENSI COMMITMENTS AND CONTINGENCIES
Liabilitas kontijensi Contingent liabilities
Garansi yang diberikan: Guarantee issued in form of:
Bank garansi (Catatan 32) 19.727 14.827 Bank guarantee (Note 32)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
PENDAPATAN DAN BEBAN DAN SYARIAH INCOME AND EXPENSES AND SHARIA
Pendapatan bunga dan syariah (Catatan 33) 1.996 1.238 Interest and sharia income (Note 33)
Beban bunga dan syariah (Catatan 34) 20.442 32.707 Interest and sharia expenses (Note 34)
Persentase terhadap jumlah pendapatan Percentage to total interest
bunga dan beban bunga dan syariah income and interest expenses and sharia
Pendapatan bunga dan syariah 0,02% 0,01% Interest and sharia income
Beban bunga dan syariah 0,34% 0,70% Interest and sharia expenses
222
860 2024 Annual Report
Page 863
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
44. INFORMASI MENGENAI TRANSAKSI DENGAN 44. RELATED PARTIES INFORMATION (continued)
PIHAK BERELASI (lanjutan)
Kompensasi atas karyawan kunci adalah sebagai Compensation of key management personnel were
berikut: as follows:
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year Ended December 31
2024 2023
35000000
Imbalan jangka pendek 390.080 362.629 Short-term benefits
Imbalan jangka panjang 42.907 45.781 Long-term benefits
Jumlah 432.987 408.410 Total
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING DENOMINATED IN FOREIGN CURRENCIES
Posisi aset (sebelum dikurangi dengan cadangan The balances of monetary assets (before deducting
kerugian penurunan nilai) dan liabilitas moneter allowance for impairment losses) and liabilities
dalam mata uang asing pada tanggal laporan posisi denominated in foreign currencies as of the
keuangan konsolidasian adalah sebagai berikut: consolidated statements of financial position date
are as follows:
31 Desember/December 31
2024 2023
Aset Assets
Kas (Catatan 4) Cash (Note 4)
Dolar Amerika Serikat 106.313 76.903 United States Dollar
Dolar Singapura 15.486 41.663 Singapore Dollar
Lainnya 14.194 6.631 Others
135.993 125.197
Giro pada Bank Indonesia (Catatan 5) Current accounts with Bank Indonesia (Note 5)
Dolar Amerika Serikat 1.950.795 1.159.085 United States Dollar
Giro pada bank lain (Catatan 6) Current accounts with other banks (Note 6)
Dolar Amerika Serikat 1.896.137 1.632.877 United States Dollar
Dolar Singapura 35.112 53.546 Singapore Dollar
Euro Eropa 113.474 80.988 European Euro
Yuan Tiongkok 128.853 26.926 Chinese Yuan
Dolar Australia 40.964 28.182 Australian Dollar
Yen Jepang 46.345 63.660 Japanese Yen
Ringgit Malaysia 36.226 83.584 Malaysian Ringgit
Poundsterling Inggris 40.320 36.050 Great Britain Poundsterling
Rupee India 17.064 6.424 Indian Rupee
Dolar Kanada 2.733 5.242 Canadian Dollar
Dolar Selandia Baru 5.383 7.678 New Zealand Dollar
Dolar Hong Kong 7.907 10.105 Hong Kong Dollar
Franc Swiss 6.759 4.402 Swiss Franc
Lainnya 4.179 3.082 Others
2.381.456 2.042.746
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain (Catatan 7) and other banks (Note 7)
Dolar Amerika Serikat 2.816.625 2.232.565 United States Dollar
Rupee India 182.341 5.555 Indian Rupee
Dolar Singapura - 58.382 Singapore Dollar
2.998.966 2.296.502
Efek-efek yang
diperdagangkan (Catatan 8) Trading securities (Note 8)
Dolar Amerika Serikat 31.770 41.016 United States Dollar
Investasi keuangan (Catatan 9) Financial investments (Note 9)
Dolar Amerika Serikat 3.202.351 2.818.460 United States Dollar
Rupee India 221.657 136.366 Indian Rupee
Euro Eropa 121.558 120.208 European Euro
Yuan Tiongkok 14.026 - Chinese Yuan
3.559.592 3.075.034
223
2024 Annual Report PT Bank Maybank Indonesia Tbk 861
Page 864
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING (lanjutan) DENOMINATED IN FOREIGN CURRENCIES
(continued)
Posisi aset (sebelum dikurangi dengan cadangan The balances of monetary assets (before deducting
kerugian penurunan nilai) dan liabilitas moneter allowance for impairment losses) and liabilities
dalam mata uang asing pada tanggal laporan posisi denominated in foreign currencies as of the
keuangan konsolidasian adalah sebagai berikut: consolidated statements of financial position date
(lanjutan) are as follows: (continued)
31 Desember/December 31
2024 2023
Aset (lanjutan) Assets (continued)
Efek-efek yang dibeli dengan janji Securities purchased under resale
dijual kembali (Catatan 10) agreements (Note 10)
Rupee India 9.399 3.426 Indian Rupee
Tagihan derivatif (Catatan 11) Derivatives receivable (Note 11)
Dolar Amerika Serikat 63.970 72.475 United States Dollar
Lainnya 51.349 108 Others
115.319 72.583
Kredit yang diberikan dan piutang/ Loans and sharia receivables/
pembiayaan syariah (Catatan 12) financing (Note 12)
Dolar Amerika Serikat 16.455.514 14.974.479 United States Dollar
Rupee India 533.896 288.992 Indian Rupee
Yen Jepang 2.922.557 5.609 Japanese Yen
Dolar Singapura 328.095 136.417 Singapore Dollar
Dolar Australia 121.395 12.933 Australian Dollar
Yuan Tiongkok 12.659 45.571 Chinese Yuan
Euro Eropa - 50.113 European Euro
20.374.116 15.514.114
Tagihan akseptasi (Catatan 14a) Acceptances receivable (Note 14a)
Dolar Amerika Serikat 1.380.951 606.863 United States Dollar
Yuan Tiongkok 1.273 4.925 Chinese Yuan
Franc Swiss - 14.273 Swiss Franc
1.382.224 626.061
Beban dibayar dimuka dan Prepayments and
aset lain-lain other assets
Dolar Amerika Serikat 279.280 282.597 United States Dollar
Rupee India 26.081 12.429 Indian Rupee
Yen Jepang 1.310 553 Japanese Yen
Lainnya 2.949 3.087 Others
309.620 298.666
33.249.250 25.254.430
Liabilitas Liabilities
Liabilitas segera (Catatan 18) Obligations due immediately (Note 18)
Dolar Amerika Serikat 35.328 41.363 United States Dollar
Rupee India 3.502 4.041 Indian Rupee
Lainnya 4.274 8.164 Others
43.104 53.568
Simpanan nasabah (Catatan 19) Deposits from customers (Note 19)
Dolar Amerika Serikat 21.128.500 19.674.069 United States Dollar
Yen Jepang 4.540.806 6.393.460 Japanese Yen
Dolar Singapura 752.304 421.801 Singapore Dollar
Euro Eropa 660.612 541.050 European Euro
Rupee India 353.664 27.092 Indian Rupee
Dolar Australia 252.301 216.868 Australian Dollar
Yuan Tiongkok 93.073 30.119 Chinese Yuan
Poundsterling Inggris 40.079 57.886 Great Britain Poundsterling
Ringgit Malaysia 11.246 4.778 Malaysian Ringgit
Lainnya 36 20 Others
27.832.621 27.367.143
224
862 2024 Annual Report
Page 865
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
45. ASET DAN LIABILITAS MONETER DALAM MATA 45. MONETARY ASSETS AND LIABILITIES
UANG ASING (lanjutan) DENOMINATED IN FOREIGN CURRENCIES
(continued)
Posisi aset (sebelum dikurangi dengan cadangan The balances of monetary assets (before deducting
kerugian penurunan nilai) dan liabilitas moneter dalam allowance for impairment losses) and liabilities
mata uang asing pada tanggal laporan posisi keuangan denominated in foreign currencies as of the consolidated
konsolidasian adalah sebagai berikut: (lanjutan) statements of financial position date are as follows:
(continued)
31 Desember/December 31
2024 2023
Liabilitas (lanjutan) Liabilities (continued)
Simpanan dari bank lain (Catatan 20) Deposits from other banks (Note 20)
Dolar Amerika Serikat 2.035.226 1.210.218 United States Dollar
Dolar Singapura 228.307 586.454 Singapore Dollar
Rupee India 51.276 8.163 Indian Rupee
Lainnya - 1.510 Others
2.314.809 1.806.345
Efek-Efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali (Catatan 21) agreements (Note 21)
Rupee India - 49.999 Indian Rupee
Liabilitas derivatif (Catatan 11) Derivatives payable (Note 11)
Dolar Amerika Serikat 69.877 70.890 United States Dollar
Lainnya 50.668 275 Others
120.545 71.165
Liabilitas akseptasi (Catatan 14b) Acceptances payable (Note 14b)
Dolar Amerika Serikat 1.295.491 344.080 United States Dollar
Yuan Tiongkok 1.274 4.925 Chinese Yuan
Franc Swiss - 14.273 Swiss Franc
1.296.765 363.278
Pinjaman diterima (Catatan 23) Borrowings (Note 23)
Dolar Amerika Serikat 7.677.315 1.601.288 United States Dollar
Yen Jepang - 458 Japanese Yen
7.677.315 1.601.746
Utang pajak Taxes payable
Lainnya 6.110 1.065 Others
Beban yang masih harus dibayar Accrued expenses and
dan liabilitas lain-lain (Catatan 25) other liabilities (Note 25)
Dolar Amerika Serikat 97.470 55.491 United States Dollar
Rupee India 79.604 41.523 Indian Rupee
Ringgit Malaysia 5.700 44.158 Malaysian Ringgit
Lainnya 1.727 6.062 Others
184.501 147.234
39.475.770 31.461.543
Posisi liabilitas - neto (6.226.520) (6.207.113) Liabilities position - net
225
2024 Annual Report PT Bank Maybank Indonesia Tbk 863
Page 866
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
46. KEPENTINGAN NON-PENGENDALI 46. NON-CONTROLLING INTEREST
Mutasi kepentingan non-pengendali atas kekayaan The movements of the non-controlling interest’s
neto entitas anak adalah sebagai berikut: share in the net assets of the subsidiaries are as
follows:
31 Desember/December 31
2024 2023
Saldo awal 537.714 480.957 Beginning balance
Bagian kepentingan non-pengendali Net income of subsidiaries
atas laba neto entitas anak attributable to non-controlling interest
periode/tahun berjalan 82.680 74.344 for the current period/year
Keuntungan revaluasi aset tetap 2.270 - Gains on fixed assets revaluation
Keuntungan aktuarial atas program Actuarial gains on defined
manfaat pasti - setelah pajak tangguhan 1.314 1.153 benefit plan - net of deferred tax
Pembagian dividen tunai (22.452) (18.740) Distribution for cash dividend
Saldo akhir 601.526 537.714 Ending balance
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
Berdasarkan kebijakan Bank, karyawan Under the Bank’s policy, in addition to salaries, the
memperoleh tunjangan dan manfaat selain gaji, employees are entitled to allowances and benefits,
yang antara lain berupa Tunjangan Hari Raya such as yearly allowances (THR), leave allowances,
(THR), tunjangan cuti, bonus, asuransi, dana plan, bonus, insurance, pension plan, death benefit,
pensiun, santunan kematian, jaminan sosial employee social security (Badan Penyelenggara
ketenagakerjaan (Badan Penyelenggara Jaminan Jaminan Sosial Ketenagakerjaan (BPJS
Sosial Ketenagakerjaan (BPJS Ketenagakerjaan)), Ketenagakerjaan)), and other benefits based on
dan manfaat lainnya berdasarkan Undang-undang Labor Law No. 13/2003.
Ketenagakerjaan No. 13/2003.
Liabilitas atas imbalan pasca kerja lainnya meliputi The liability for post employment benefits consisted
uang pesangon, uang penghargaan masa kerja dan of severance pay, service pay and compensation
uang penggantian hak sesuai dengan Undang-undang pay based on Labor Law No. 13/2003 and other
Tenaga Kerja No. 13/2003 dan kompensasi lainnya compensations in accordance with Collective Labor
sesuai dengan Perjanjian Kerja Bersama. Agreement.
Imbalan jangka panjang lainnya seperti uang pisah, Other long-term employee benefits such as
penghargaan masa kerja, manfaat cacat/sakit separation pay, service award, disability/longterm
berkepanjangan dan cuti panjang dihitung dengan sick leave benefit and long leave service are
menggunakan metode projected unit credit dan calculated using the projected unit credit method
didiskontokan ke nilai kini. and discounted to present value.
Pada November 2020, Pemerintah telah In November 2020, the Government has signed Law
mensahkan UU No.11 Tahun 2020 tentang Cipta No. 11 Year 2020 regarding Job Creation (Job
Kerja (UU Cipta Kerja) yang Creation Law) which amends/removes/adds several
mengganti/menghapus/menambah sebagian regulations in Law No. 13 Year 2003 regarding
ketentuan dalam UU No.13 Tahun 2003 tentang Employment. Subsequently, in February 2021, the
Ketenagakerjaan. Selanjutnya pada bulan Februari Government issued Government Regulation No. 35
2021, Pemerintah mengeluarkan Peraturan Year 2021 regarding Fixed Term Employment
Pemerintah No. 35 Tahun 2021 tentang Perjanjian Contract (PKWT), Outsourcing, Working Time and
Kerja Waktu Tertentu (PKWT), Alih Daya, Waktu Rest Time and Termination as implementation
Kerja dan Waktu Istirahat dan PHK sebagai guidance for the requirements in Job Creation Law.
peraturan pelaksanaan dari ketentuan UU Cipta One of the latest requirements in the Job Creation
Kerja. Salah satu ketentuan terbaru dalam UUCK Law and the Government Regulation No 35/2021 is
dan PP Nomor 35/2021 tersebut adalah ketentuan the requirement regarding mandatory compensation
mengenai uang kompensasi yang wajib dibayarkan to be paid by the Company when the fixed term
oleh Perusahaan dalam hal berakhinya perjanjian employment contract between the Company and the
kerja waktu tertentu antara Perusahaan dengan Employee has ended. The implementation of the
Pekerja. Dengan berlakunya UU Cipta Kerja berikut Job Creation Law and its implementation guidance
dengan peraturan pelaksanaannya, maka ketentuan will have impact to the obligation for post-
tersebut berdampak pada liabilitas imbalan employment benefit.
pascakerja.
226
864 2024 Annual Report
Page 867
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
a. Dana Pensiun a. Pension Plan
Dana pensiun iuran pasti Bank dikelola oleh The Bank’s defined contribution pension plan is
Dana Pensiun Lembaga Keuangan AIA (DPLK managed by Dana Pensiun Lembaga
- AIA). Untuk dana pensiun iuran pasti entitas Keuangan AIA (DPLK - AIA). Defined
anak (WOM dan MIF) masing-masing dikelola contribution pension plan for subsidiaries
Dana Pensiun Lembaga Keuangan AIA (DPLK (WOM and MIF) is managed by Dana Pensiun
- AIA) dan Dana Pensiun Lembaga Keuangan Lembaga Keuangan AIA (DPLK - AIA) and
AIG (DPLK - AIG). Semua lembaga tersebut Dana Pensiun Lembaga Keuangan AIG (DPLK
merupakan pihak ketiga Bank dan entitas anak. - AIG). All the respective institutions are Bank
and its subsidiaries third party.
Syarat untuk menjadi peserta program pensiun The requirements to become participants of the
Bank adalah pegawai tetap Bank yang ingin Bank’s pension plan are permanent employees
menjadi peserta program pensiun dan berumur who are interested to become participants of
di atas 18 tahun atau telah menikah. the pension plan and above 18 years of age or
are married.
Iuran pensiun DPLK - AIA Bank sampai dengan The contribution for Bank’s DPLK - AIA until
Juni 2015 ditetapkan sebesar 8,76% dari gaji June 2015 is determined at 8.76% of the
karyawan peserta dana pensiun, di mana employees’ salary who join the pension plan, of
5,76% ditanggung Bank dan sisanya sebesar which 5.76% is contributed by the Bank and the
3,00% ditanggung oleh karyawan. Sehubungan remaining 3.00% is contributed by the
dengan pelaksanaan program BPJS Pensiun employee. With regards to the implementation
dari Pemerintah (PP No. 45/2015), maka mulai of new BPJS Pension program from
Juli 2015, program pensiun telah terintegrasi Government (PP No.45/2015), starting
antara Iuran Dana Pensiun DPLK - AIA dengan July 2015, the Bank decided to integrate
Iuran BPJS Pensiun. Iuran pensiun DPLK - AIA pension plan, consisting of DPLK - AIA
ditetapkan menjadi 3,76% ditanggung oleh contribution and BPJS Pension contribution.
Bank dan 2,00% ditanggung oleh karyawan. The contribution for DPLK - AIA is determined
Ditambah dengan kontribusi ke program BPJS at 3.76% contributed by the Bank and 2.00%
Pensiun sebesar 2,00% ditanggung oleh Bank contributed by the employee. These
dan 1,00% akan ditanggung oleh karyawan. contributions will be added with BPJS
Beban pensiun Bank selama periode yang Pension’s contribution which consists of 2.00%
berakhir pada tanggal 31 Desember 2024 dan contribution from the Bank and 1.00%
2023, masing-masing berjumlah Rp34.100 dan contribution from the employee. The Bank’s
Rp31.798 yang termasuk dalam laporan laba pension expense for the periods ended
rugi dan penghasilan komprehensif lain December 31, 2024 and 2023, amounted to
konsolidasian. Rp34,100 and Rp31,798, respectively, included
under the consolidated statements of profit and
loss and other comprehensive income.
Alokasi dari dana pensiun iuran pasti Bank The allocation of Bank’s defined contribution
yang dikelola oleh DPLK-AIA adalah sebagai pension plan which is managed by DPLK-AIA is
berikut: as follow:
31 Desember/December 31
2024 2023
Dana saham 34,95% 33,03% Stocks funding
Dana tetap 61,75% 64,04% Fixed income funding
Dana pasar uang 3,30% 2,93% Money Market funding
Jumlah 100,00% 100,00% Total
227
2024 Annual Report PT Bank Maybank Indonesia Tbk 865
Page 868
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan b. Provision for Employee Benefits
Aktuaria dan tanggal laporan aktuaria Bank dan The actuaries and actuarial reports dates of the
entitas anak adalah sebagai berikut: Bank and subsidiaries are as follows:
31 Desember/December 31
2024 2023
Tanggal Tanggal
Laporan Laporan
Aktuaris/ Aktuaris/
Actuarial Actuarial
Aktuaris/ Report Aktuaris/ Report
Actuary Date Actuary Date
Kantor Konsultan 10 Januari/ Kantor Konsultan 8 Januari/
Aktuaria Yusi dan January 10, Aktuaria Yusi dan January 8,
Bank Rekan 2025 Rekan 2024 Bank
Kantor Konsultan 6 Januari/ Kantor Konsultan 6 Januari/
PT Maybank Indonesia Aktuaria Yusi dan January 6, Aktuaria Yusi dan January 6, PT Maybank Indonesia
Finance Rekan 2025 Rekan 2024 Finance
Kantor Konsultan 7 Januari/ Kantor Konsultan 7 Januari/
PT Wahana Ottomitra Aktuaria Yusi dan January 7, Aktuaria Yusi dan January 7, PT Wahana Ottomitra
Multiartha Tbk Rekan 2025 Rekan 2024 Multiartha Tbk
Kewajiban imbalan karyawan adalah sebagai The employees’ benefit obligations are as
berikut: follows:
31 Desember/December 31
2024 2023 2022 2021 2020
Nilai kini kewajiban
Imbalan pasti Present value of defined benefit
diakui dalam obligations recognized
tahun berjalan (1.649.703)) (1.521.830) (1.444.263) (1.416.914) (1.440.066) during the year
Perubahan nilai kini kewajiban imbalan pasti The changes in the present value of defined
adalah sebagai berikut: benefit obligation are as follows:
31 Desember/December 31
2024 2023
Nilai kini kewajiban imbalan Present value of defined benefit obligations
pasti pada awal tahun 1.521.830 1.444.263 at the beginning of the year
Biaya jasa 427.124 171.127 Service cost
Manfaat yang dibayarkan (144.174) (129.827) Benefit paid
Biaya bunga 108.366 98.345 Interest cost
Keuntungan aktuaria (263.443) (62.078) Actuarial gains
Jumlah 1.649.703 1.521.830 Total
228
866 2024 Annual Report
Page 869
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan (lanjutan) b. Provision for Employee Benefits (continued)
Mutasi kewajiban imbalan karyawan adalah Changes in the employee benefits obligations
sebagai berikut: are as follows:
31 Desember/December 31
2024 2023
Saldo awal (1.521.830) (1.444.263) Beginning balance
Beban manfaat karyawan Employee benefit expenses
selama tahun berjalan (365.973) (272.619) during the year
Jumlah yang diakui di pendapatan Total amount recognized in
komprehensif lainnya 93.926 65.225 other comprehensive income
Manfaat yang dibayarkan 144.174 129.827 Benefits paid
Saldo akhir (1.649.703) (1.521.830) Ending balance
Tabel di bawah ini mengikhtisarkan komponen The following table summarizes the components
beban manfaat karyawan sesuai dengan of employee benefit costs in accordance with
perjanjian kesepakatan antara Bank, entitas agreements between the Bank, subsidiaries and
anak dan karyawan yang telah sesuai dengan their employees which had complied with
peraturan dan undang-undang yang berlaku. prevailing regulations and laws.
41020000_01 31 Desember/December 31
2024 2023
Biaya jasa kini 427.124 171.127 Current service cost
Beban bunga 108.366 98.345 Interest cost
(Keuntungan)/kerugian aktuaria neto diakui Net actuarial (gain)/losses
dalam tahun berjalan (169.517) 3.147 recognized during the year
365.973 272.619
Jumlah yang diakui pada pendapatan The total amount recognised in other
komprehensif lainnya ditunjukkan pada tabel di comprehensive income is shown in table below:
bawah ini:
41020000_01 31 Desember/December 31
2024 2023
Pengukuran Kembali Kewajiban Remeasurement of The Net
Imbalan Pasti Neto: Defined Benefit Obligation:
(Keuntungan)/kerugian aktuarial dari perubahan Actuarial (gain)/losses from changes in
asumsi keuangan (43.811) 47.642 financial assumption
(Keuntungan)/kerugian aktuarial dari Actuarial (gain)/losses from
penyesuaian pengalaman (50.115) (112.867) experience adjustment
Jumlah yang diakui pada Total amount recognized
pendapatan komprehensif lainnya (93.926) (65.225) in other comprehensive income
Rekonsiliasi Pendapatan Reconciliation of Other
Komprehensif Lainnya: Comprehensive Income:
Saldo awal (450.125) (386.379) Beginning balance
Jumlah yang diakui pada Total amount recognized in other
pendapatan komprehensif comprehensive income
lainnya selama tahun berjalan (93.926) (65.225) during the year
Lainnya 1.686 1.479 Others
Saldo akhir (542.365) (450.125) Ending balance
229
2024 Annual Report PT Bank Maybank Indonesia Tbk 867
Page 870
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan (lanjutan) b. Provision for Employee Benefits (continued)
Asumsi utama yang digunakan untuk The principal assumptions used to determine
menghitung estimasi beban dan kewajiban the estimated costs and obligations for
pada 31 Desember 2024 tersebut adalah December 31, 2024, are as follows:
sebagai berikut:
Bank WOM MIF
Tingkat mortalita : TMI’19 TMI’19 TMI’19 Mortality rate:
Tingkat cacat : 10% dari tingkat 10% dari tingkat 10% dari tingkat Disability rate:
kematian/of kematian/of kematian/of
mortality rate mortality rate mortality rate
Tingkat pengunduran diri Resignation rate
Usia kurang dari 30 tahun : 11% per tahun/ 10% per tahun/ 11% per tahun/ Age less than 30 years:
annum annum annum
Usia 30 - 34 tahun : 6% per tahun/ 5% per tahun/ 6% per tahun/ Age 30 - 34 years:
annum annum annum
Usia 35 - 39 tahun : 3% per tahun/ 3% per tahun/ 3% per tahun/ Age 35 - 39 years:
annum annum annum
Usia 40 - 44 tahun : 2% per tahun/ 2% per tahun/ 2% per tahun/ Age 40 - 44 years:
annum annum annum
Usia 45 - 50 tahun : 0% 2% per tahun/ 2% per tahun Age 45 - 50 years:
annum annum
Usia 51 - 52 tahun : 0% 1% per tahun/ 1% per tahun/ Age 51 - 52 years:
annum annum
Usia 53 tahun ke atas : 0% 0% 0% Age 53 years and over:
Kenaikan gaji 7,00% per tahun/ 7,00% per tahun/ 7,00% per tahun/ Salary increase rate
annum annum annum
Tingkat diskonto 6,88 - 7,13% 6,88 - 7,13% 6,88 - 7,13% Discount rate
per tahun/annum per tahun/annum per tahun/annum
Sisa masa kerja karyawan 1 - 33,75 tahun/ 1 – 34,67 tahun/ 1 - 30,17 tahun/ Remaining years of service of employee
years years years
Asumsi utama yang digunakan untuk The principal assumptions used to determine
menghitung estimasi beban dan kewajiban the estimated costs and obligations for
pada 31 Desember 2023 tersebut adalah December 31, 2023, are as follows:
sebagai berikut:
Bank WOM MIF
Tingkat mortalita : TMI’19 TMI’19 TMI’19 Mortality rate:
Tingkat cacat : 10% dari tingkat 10% dari tingkat 10% dari tingkat Disability rate:
kematian/of kematian/of kematian/of
mortality rate mortality rate mortality rate
Tingkat pengunduran diri Resignation rate
Usia kurang dari 30 tahun : 11% per tahun/ 10% per tahun/ 11% per tahun/ Age less than 30 years:
annum annum annum
Usia 30 - 34 tahun : 6% per tahun/ 5% per tahun/ 6% per tahun/ Age 30 - 34 years:
annum annum annum
Usia 35 - 39 tahun : 3% per tahun/ 3% per tahun/ 3% per tahun/ Age 35 - 39 years:
annum annum annum
Usia 40 - 44 tahun : 2% per tahun/ 2% per tahun/ 2% per tahun/ Age 40 - 44 years:
annum annum annum
Usia 45 - 50 tahun : 0% 2% per tahun/ 2% per tahun Age 45 - 50 years:
annum annum
Usia 51 - 52 tahun : 0% 1% per tahun/ 1% per tahun/ Age 51 - 52 years:
annum annum
Usia 53 tahun ke atas : 0% 0% 0% Age 53 years and over:
Kenaikan gaji 7,00% per tahun/ 7,00% per tahun/ 7,00% per tahun/ Salary increase rate
annum annum annum
Tingkat diskonto 6,37 - 7,10% 6,37 - 7,10% 6,37 - 7,10% Discount rate
per tahun/annum per tahun/annum per tahun/annum
Sisa masa kerja karyawan 1 - 34,00 tahun/ 1 - 34,75 tahun/ 1 - 31,08 tahun/ Remaining years of service of employee
years years years
230
868 2024 Annual Report
Page 871
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
47. DANA PENSIUN DAN MANFAAT KARYAWAN 47. PENSION PLAN AND EMPLOYEE BENEFITS
(lanjutan) (continued)
b. Penyisihan Imbalan Karyawan (lanjutan) b. Provision for Employee Benefits (continued)
Analisa sensitivitas untuk risiko tingkat Sensitivity analysis for discount rate risk:
diskonto:
Perubahan satu poin persentase dalam tingkat One percentage point change in the assumed
diskonto yang diasumsikan akan memiliki discount rate would have the following effects:
dampak sebagai berikut:
31 Desember/December 31
2024 2023
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak biaya jasa kini (253.458) (253.458) (16.213) 18.736 Effect on current service cost
Dampak kewajiban imbalan pasti (186.435) 38.671 (107.151) 110.136 Effect on the defined benefit obligations
Perubahan satu poin persentase dalam tingkat One percentage point change in the assumed
kenaikan gaji yang diasumsikan akan memiliki salary increase rate would have the following
dampak sebagai berikut: effects:
31 Desember/December 31
2024 2023
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak biaya jasa kini (253.458) (253.458) 17.392 (15.371) Effect on current service cost
Dampak kewajiban imbalan pasti 28.492 (179.378) 98.608 (98.858) Effect on the defined benefit obligations
Jatuh tempo dari liabilitas imbalan pasca kerja The undiscounted maturity of the obligation for
tanpa didiskonto adalah sebagai berikut: post employment benefit is as follow:
31 Desember/December 31
2024 2023
Dalam 1 tahun ke depan 132.017 141.454 Within the next 1 year
Dalam 1 sampai 2 tahun 192.249 134.087 Within 1 to 2 years
Dalam 2 sampai 5 tahun 625.465 620.907 Within 2 to 5 years
Dalam 5 sampai 10 tahun 1.220.948 1.179.850 Within 5 to 10 years
Lebih dari 10 tahun 9.823.076 9.099.046 More than 10 years
231
2024 Annual Report PT Bank Maybank Indonesia Tbk 869
Page 872
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. JASA KUSTODIAN 48. CUSTODIAN SERVICE
Bank telah memberikan jasa kustodian dan telah The Bank provides a full range of custodian services
memperoleh Izin Jasa Kustodian dari Badan and obtained a license from the Capital Market and
Pengawas Pasar Modal dan Lembaga Keuangan Financial Institutions Supervisory Agency
(“BAPEPAM-LK”) berdasarkan Surat Keputusan (“BAPEPAM-LK”) under its Decision Letter
No. KEP-67/PM/1991 tanggal 21 Juli 1991 dan juga No. KEP-67/PM/1991 dated July 21, 1991 and also
telah memperoleh Sertifikat Kesesuaian Syariah obtained the Compliance Certificate Sharia
Bank Kustodian dengan No. U-158/DSN- Custodian Bank from the National Sharia
MUI/V/2009 tanggal 7 Mei 2009 yang dikeluarkan Board - Indonesian Council of Ulama under
Dewan Syariah Nasional - MUI. No. U-158/DSN-MUI/V/2009 dated May 7, 2009.
Bank menyediakan jasa kustodian termasuk The custodian service of the Bank provides a full
penyelesaian transaksi jual beli dengan atau tanpa range of custodian services including settlement of
warkat (dalam dan luar negeri), pendaftaran efek- script and scriptless trading transactions (domestic
efek dan pemecahan serta penggabungan efek- and offshore transactions), registration of securities
efek, penyimpanan surat berharga/aset berharga and splitting and merging of securities, safekeeping
lainnya, pelayanan aksi korporasi, jasa layanan of securities and other valuable assets, corporate
penyelesaian dan pembayaran, jasa sub-registry, action services, settlement services and payment
jasa layanan pengadministrasian dana/reksa dana agent, sub-registry services, fund/mutual fund
dan jasa agency (Facility, Escrow, Security, administration services and Agency services
Monitoring, Paying dan Receiving Agent). (Facility, Escrow, Security, Monitoring, Paying and
Receiving Agent).
Bank memiliki 51.251 dan 42.520 nasabah The Bank had 51,251 and 42,520 customers
(termasuk individu dan ORI serta sub-rekening (including individual and ORI, also sub-account
nasabah) masing-masing per 31 Desember 2024 customers) as of December 31, 2024 and 2023,
dan 2023. Nasabah kustodian sebagian besar respectively. The customers are primarily individual,
adalah individu, perusahaan swasta, sekuritas, dana private companies, securities companies, pension
pensiun, bank, perusahaan asuransi dan funds, banks, insurance companies and mutual
reksadana. funds.
232
870 2024 Annual Report
Page 873
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
48. JASA KUSTODIAN (lanjutan) 48. CUSTODIAN SERVICE (continued)
Per tanggal 31 Desember 2024 dan 2023 bagian As of December 31, 2024 and 2023 the custodian
kustodian Bank masing-masing memiliki 36 dan 33 services of the Bank had 36 and 33 permanent
orang pegawai tetap. employees, respectively.
Jumlah pendapatan fee dan komisi kustodian yang Total custodian fees and commissions earned for
diperoleh untuk tahun yang berakhir pada tanggal the years ended December 31, 2024 and 2023 were
31 Desember 2024 dan 2023 adalah masing-masing Rp39,454 and Rp33,017, respectively.
sebesar Rp39.454 dan Rp33.017.
49. SEGMEN OPERASI 49. OPERATING SEGMENT
Berikut adalah informasi keuangan tertentu untuk The following sets forth certain financial information
Bank dan entitas anak: for the Bank and subsidiaries:
a. Bidang usaha a. Business activities
Bidang Usaha Business Activities
Perbankan konvensional Conventional banking
dan perbankan syariah Bank and sharia banking
Pembiayaan PT Maybank Indonesia Finance Multi-financing
Pembiayaan PT Wahana Ottomitra Multiartha Tbk Multi-financing
b. Segmen usaha b. Business segment
Segmen operasi Operating segment
Segmen operasi dilaporkan sesuai dengan Operating segments are reported in
laporan internal Bank yang disiapkan untuk accordance with the internal reporting provided
mengambil keputusan operasional yang to the chief operating decision maker which is
bertanggung jawab untuk mengalokasikan responsible for allocating resources to certain
sumber daya ke segmen tertentu dan penilaian segments and performance assessments.
atas performanya.
Untuk kepentingan manajemen, Bank For management purposes, the Bank is
diorganisasikan kedalam tiga segmen operasi organized into three operating segments based
berdasarkan produk dan jasa sebagai berikut: on products and services as follows:
- Segmen Perbankan Global - Global Banking segment
- Segmen Perbankan Bisnis - Business Banking segment
- Segmen Ritel - Retail segment
Tidak ada pendapatan dari satu konsumen No revenue from transactions with a single
eksternal atau pihak lain yang mencapai 10% external customer or counterparty amounted to
atau lebih dari total pendapatan Bank untuk 10% or more of the Bank’s total revenue for the
tahun yang berakhir pada tanggal-tanggal 31 year ended December 31, 2024 and 2023.
Desember 2024 dan 2023.
Untuk tahun yang berakhir pada tanggal- For the year ended December 31, 2024 and
tanggal 31 Desember 2024 dan 2023, Bank 2023, the Bank and subsidiaries divided the
dan entitas anak membagi segmen segment based on business unit.
berdasarkan unit bisnis.
233
2024 Annual Report PT Bank Maybank Indonesia Tbk 871
Page 874
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
49. SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT (continued)
b. Segmen usaha (lanjutan) b. Business segment (continued)
Segmen operasi (lanjutan) Operating segment (continued)
Berikut ini adalah informasi segmen Bank dan Following is the business segment information
entitas anak berdasarkan segmen operasi: of the Bank and subsidiaries, which are based
on operating segment:
Tahun yang Berakhir pada Tanggal 31 Desember 2024/
Year ended December 31, 2024
Perbankan Perbankan Kantor Pusat dan
Global/ Bisnis/ Lainnya/
Global Business Ritel/ Head Office and Jumlah/
Banking 1) Banking) 2) Retail 3) Others Total
LAPORAN LABA RUGI CONSOLIDATED STATEMENT
DAN PENGHASILAN OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE
KONSOLIDASIAN INCOME
Pendapatan bunga - neto 3.280.172 858.473 3.116.650 (149.885) 7.105.410 Interest income - net
Pendapatan/(beban) bunga Inter-segment interest
antar segmen (2.058.290) 537.159 911.761 609.370 - income/(expenses)
Pendapatan bunga Interest income
setelah bunga antar after inter-segment
segmen - neto 1.221.882 1.395.632 4.028.411 459.485 7.105.410 income - net
Pendapatan operasional - kotor 723.847 485.090 1.444.305 (266.854) 2.386.388 Operating income - gross
Beban operasi (502.174) (597.367) (2.473.105) (2.961.136) (6.533.782) Operating expenses
Pendapatan operasional Operating income
sebelum penyisihan kerugian before allowance for
penurunan nilai - neto 1.443.555 1.283.355 2.999.611 (2.768.505) 2.958.016 impairment losses - net
Penyisihan kerugian penurunan nilai (773.798) (174.284) (689.434) 268.140 (1.369.376) Allowance for impairment losses
Pendapatan operasional - neto 669.757 1.109.071 2.310.177 (2.500.365) 1.588.640 Operating income - net
Beban non-operasional - neto (77) 1.434 (3.518) 13.834 11.673 Non-operating expense - net
Laba sebelum alokasi Profit before allocation of
beban tidak langsung 669.680 1.110.505 2.306.659 (2.486.531) 1.600.313 indirect costs
Beban tidak langsung (550.495) (763.511) (1.044.991) 2.358.997 - Indirect costs
Laba sebelum beban pajak 119.185 346.994 1.261.668 (127.534) 1.600.313 Income before tax expenses
Beban pajak (401.670) Tax expenses
Laba tahun berjalan 1.198.643 Income for the year
LAPORAN POSISI CONSOLIDATED STATEMENTS
KEUANGAN KONSOLIDASIAN OF FINANCIAL POSITION
Jumlah aset 89.935.174 37.242.430 32.302.363 37.699.855 197.179.822 Total assets
Jumlah liabilitas 66.709.330 44.472.721 45.623.566 9.165.814 165.971.431 Total liabilites
1) Perbankan Global terdiri dari corporate banking, tresuri, cabang 1) Global Banking consist of corporate banking, treasury, overseas
luar negeri dan syariah branches and sharia
2) Perbankan Bisnis terdiri dari Usaha Kecil Menengah (UKM), 2) Business Banking consist of Small Medium Enterprise (SME),
komersial, mikro dan syariah commercial, micro and sharia
3) Ritel terdiri dari retail banking, entitas anak dan syariah 3) Retail consist of consumer banking, subsidiaries and sharia
234
872 2024 Annual Report
Page 875
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
49. SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT (continued)
b. Segmen usaha (lanjutan) b. Business segment (continued)
Segmen operasi (lanjutan) Operating segment (continued)
Berikut ini adalah informasi segmen Bank dan Following is the business segment information
entitas anak berdasarkan segmen operasi: of the Bank and subsidiaries, which are based
(lanjutan) on operating segment: (continued)
Tahun yang Berakhir pada Tanggal 31 Desember 2023/
Year ended December 31, 2023
Perbankan Perbankan Kantor Pusat dan
Global/ Bisnis/ Lainnya/
Global Business Ritel/ Head Office and Jumlah/
1) 2) 3)
Banking Banking) Retail Others Total
LAPORAN LABA RUGI CONSOLIDATED STATEMENT
DAN PENGHASILAN OF PROFIT OR LOSS
KOMPREHENSIF LAIN AND OTHER COMPREHENSIVE
KONSOLIDASIAN INCOME
Pendapatan bunga - neto 3.380.822 665.075 3.109.046 78.680 7.233.623 Interest income - net
Pendapatan/(beban) bunga Inter-segment interest
antar segmen (2.074.137) 764.736 1.021.444 287.957 - income/(expenses)
Pendapatan bunga Interest income
setelah bunga antar after inter-segment
segmen - neto 1.306.685 1.429.811 4.130.490 366.637 7.233.623 income - net
Pendapatan/(beban) operasional - kotor 836.652 311.653 1.248.150 (359.490) 2.036.965 Operating income/(expenses) - gross
Beban operasi (434.592) (529.736) (2.280.697) (2.562.615) (5.807.640) Operating expenses
Pendapatan operasional Operating income
sebelum penyisihan kerugian before allowance for
penurunan nilai - neto 1.708.745 1.211.728 3.097.943 (2.555.468) 3.462.948 impairment losses - net
Penyisihan kerugian penurunan nilai (123.458) (242.093) (618.330) (131.179) (1.115.060) Allowance for impairment losses
Pendapatan operasional - neto 1.585.287 969.635 2.479.613 (2.686.647) 2.347.888 Operating income - net
Pendapatan/(beban) non-operasional - neto 139 (7.707) (2.506) 16.860 6.786 Non-operating income/(expense) - net
Laba sebelum alokasi Profit before allocation of
beban tidak langsung 1.585.426 961.928 2.477.107 (2.669.787) 2.354.674 indirect costs
Beban tidak langsung (525.561) (739.198) (1.009.949) 2.274.708 - Indirect costs
Laba sebelum beban pajak 1.059.865 222.730 1.467.158 (395.079) 2.354.674 Income before tax expenses
Beban pajak (536.924) Tax expenses
Laba tahun berjalan 1.817.750 Income for the year
LAPORAN POSISI CONSOLIDATED STATEMENTS
KEUANGAN KONSOLIDASIAN OF FINANCIAL POSITION
Jumlah aset 75.318.479 30.857.283 29.829.534 35.797.774 171.803.070 Total assets
Jumlah liabilitas 40.917.984 39.756.518 46.081.937 14.250.597 141.007.036 Total liabilites
1) Perbankan Global terdiri dari corporate banking, tresuri, cabang 1) Global Banking consist of corporate banking, treasury, overseas
luar negeri dan syariah branches and sharia
2) Perbankan Bisnis terdiri dari Usaha Kecil Menengah (UKM), 2) Business Banking consist of Small Medium Enterprise (SME),
komersial, mikro dan syariah commercial, micro and sharia
3) Ritel terdiri dari retail banking, entitas anak dan syariah 3) Retail consist of consumer banking, subsidiaries and sharia
235
2024 Annual Report PT Bank Maybank Indonesia Tbk 873
Page 876
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
49. SEGMEN OPERASI (lanjutan) 49. OPERATING SEGMENT (continued)
b. Segmen usaha (lanjutan) b. Business segment (continued)
Segmen geografis Geographic segment
31 Desember/December 31, 2024
Luar negeri/
Indonesia/ Outside Jumlah/
Indonesia Indonesia Total
Jumlah aset tidak lancar 5.157.069 3.398 5.160.467 Total non-current assets
Pendapatan bunga 13.008.038 54.164 13.062.202 Interest income
31 Desember/December 31, 2023
Luar negeri/
Indonesia/ Outside Jumlah/
Indonesia Indonesia Total
Jumlah aset tidak lancar 4.980.437 2.282 4.982.719 Total non-current assets
Pendapatan bunga 11.848.692 35.199 11.883.891 Interest income
50. JAMINAN LEMBAGA PENJAMIN SIMPANAN 50. INDONESIA DEPOSIT INSURANCE
TERHADAP LIABILITAS PEMBAYARAN BANK CORPORATION GUARANTEE ON
UMUM OBLIGATIONS OF COMMERCIAL BANKS
Sejak tahun 1998, Pemerintah menjamin liabilitas Since 1998, the Government guarantees the
bank umum meliputi giro, tabungan, deposito obligations of private banks including demand
berjangka dan deposito on call, obligasi, surat deposits, savings deposits, time deposits and
berharga, pinjaman antar bank, pinjaman yang deposits on call, bonds, marketable securities,
diterima, letters of credit, akseptasi, swap mata uang interbank borrowings, fund borrowings, letters of
dan liabilitas kontinjensi lainnya seperti bank credit, acceptances, currency swap and other
garansi, standby letters of credit, performance contingent liabilities such as bank guarantees,
bonds dan liabilitas sejenis selain yang dikecualikan standby letters of credit, performance bonds and
dalam keputusan ini seperti obligasi subordinasi dan other kinds of liabilities other than those excluded in
liabilitas kepada direktur, komisaris dan pihak this regulation such as subordinated bonds,
berelasi dengan Bank. liabilities to directors, commissioners and related
parties of the Bank.
Pada tanggal 13 Oktober 2008, Presiden Republik On October 13, 2008, the President of the Republic
Indonesia menetapkan Peraturan Pemerintah of Indonesia approved Government Regulation No.
No. 66 Tahun 2008 tentang besaran nilai simpanan 66 year 2008 regarding the amount of deposits
yang dijamin Lembaga Penjamin Simpanan (LPS). guaranteed by Indonesia Deposit Guarantee
Berdasarkan Peraturan tersebut, nilai simpanan Corporation (LPS). Based on such Regulation, the
yang dijamin untuk setiap nasabah pada satu bank guaranteed deposit amount for each customer in a
yang semula berdasarkan Undang-Undang bank which previously according to Law No. 24 year
No. 24 Tahun 2004 ditetapkan maksimum Rp100 2004 amounted to a maximum of Rp100 was
diubah menjadi maksimum Rp2.000. amended to a maximum amount of Rp2,000.
Berdasarkan Undang-undang Republik Indonesia Based on the Law of the Republic of Indonesia
No. 7 Tahun 2009, Peraturan Pemerintah Pengganti No. 7 year 2009, Government Regulation in Lieu of
Undang-undang tentang Lembaga Penjaminan Law on Lembaga Penjamin Simpanan (LPS) has
Simpanan telah ditetapkan menjadi Undang-undang been set into law since January 13, 2009.
sejak tanggal 13 Januari 2009.
236
874 2024 Annual Report
Page 877
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO 51. RISK MANAGEMENT
Dalam penerapan manajemen risiko, Bank Risk Management implementation is based on
berpedoman kepada POJK No. 18/POJK.03/2016 POJK No. 18/POJK.03/2016 4 (four) pillars
tentang Penerapan Manajemen Risiko Bagi Bank concerning Implementation of Risk Management for
Umum dengan 4 (empat) pilar utama yang Bank, that covers:
mencakup:
1. Pengawasan aktif Dewan Komisaris dan 1. Board of Commissioners and Board of
Direksi; Director’s active supervision;
2. Kecukupan kebijakan, prosedur dan penetapan 2. Adequacy of policies, procedures and
limit manajemen risiko; determination of risk management limits;
3. Kecukupan proses identifikasi, pengukuran, 3. Adequacy of risk identification measurement,
pemantauan dan pengendalian risiko serta monitoring & control, including Risk
Sistem Informasi Manajemen Risiko; dan Management Information System; and
4. Sistem pengendalian internal yang menyeluruh. 4. Comprehensive of internal control system.
Untuk mewujudkan keempat pilar tersebut, Bank In implementing these four pillars, the Bank applies
menerapkan model tata kelola risiko yang bertujuan a risk governance model to regulate the distribution
untuk mengatur pembagian tugas dan tanggung of roles and responsibilities of each stakeholders
jawab setiap pihak yang terkait dalam proses that involves in risk management process whilst
pengelolaan risiko namun dalam waktu yang sama allowing for independency and segregation of duties
juga memberikan independensi dan pemisahaan between 3 (three) lines of defense comprising of 1st
tugas diantara 3 (tiga) lini pertahanan yaitu: lini 1 line as the risk owners which conduct day-to-day
yang merupakan risk owner management of risks, 2nd line which oversees risk
dan pengelola risiko sehari-hari, lini 2 yang management process done by 1st line and 3rd line
merupakan fungsi pengawasan terhadap proses that provides independent assessment of the
pengelolaan risiko yang dilakukan lini 1 dan lini 3 Bank’s risk management practices.
yang memberikan penilaian independen atas
pelaksanaan manajemen risiko Bank.
Selanjutnya, beberapa Komite dan Satuan Kerja Further, The Risk Management Committees and
Manajemen Risiko di bawah ini dibentuk untuk Unit below were formed to implement active
mewujudkan pengawasan aktif Dewan Komisaris supervision of the Board of Commisioners and
dan Direksi dalam pelaksanaan Manajemen Risiko. Board of Directors in the implementation of Risk
Management.
1. Pada tingkat Dewan Komisaris, yaitu: 1. At Board of Commissioners level, there are:
a. Komite Audit a. Audit Committee (AC)
b. Komite Pemantau Risiko b. Risk Oversight Committee (ROC)
c. Komite Nominasi dan Remunerasi c. Nomination and Remuneration Committee
d. Komite Tata Kelola Terintegrasi d. Integrated Good Corporate Governance
Committee
e. Komite Pemantau Teknologi Informasi e. Information Technology Oversight
Committee (ITOC)
f. Komite Tata Kelola Whistleblowing f. Whistleblowing Governance Committee
(WBGC)
2. Pada Tingkat Direksi, yaitu: 2. At Board of Directors level, there are:
a. Komite Manajemen Risiko a. Risk Management Committee (RMC)
b. Komite Assets & Liabilities Management b. Assets & Liabilities Management
Committee (ALCO)
c. Komite Kredit c. Credit Committee (CC)
d. Komite Restrukturisasi Kredit d. Credit Restructuring Committee (CRC)
e. Komite Pengarah Teknologi Informasi e. Information Technology Steering
Committee (ITSC)
f. Komite Sumber Daya Manusia f. Human Capital Committee (RMC)
g. Komite Impairment g. Impairment Committee
h. Komite Manajemen Risiko Terintegrasi h. Integrated Risk Management Committee
i. Komite Internal Audit i. Internal Audit Committee (IAC)
237
2024 Annual Report PT Bank Maybank Indonesia Tbk 875
Page 878
Main Highlights Management Report Company Profile Management Discussion
andherein
The original consolidated financial statements included Analysis
are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Selanjutnya, beberapa Komite dan Satuan Kerja Further, The Risk Management Committees and
Manajemen Risiko di bawah ini dibentuk untuk Unit below were formed to implement active
mewujudkan pengawasan aktif Dewan Komisaris supervision of the Board of Commisioners and
dan Direksi dalam pelaksanaan Manajemen Risiko Board of Directors in the implementation of Risk
(lanjutan) Management (continued)
2. Pada Tingkat Direksi, yaitu: (lanjutan) 2. At Board of Directors level, there are:
(continued)
j. Komite Pendisiplinan Sumber Daya j. Human Capital Disciplinarian Comittee
Manusia
k. Komite Kebijakan Perkreditan atau k. Credit or Financing Policy Committee
Pembiayaan
l. Komite Pengarah Layanan Digital l. Digital Steering Committee
m. Komite Pengarah Transformasi m. Transformation Steering Committee
n. Komite Pengarah Keberlanjutan n. Sustainability Steering Committee
o. Komite Pengarah Bersama o. Joint Steering Committee
3. Satuan Kerja Manajemen Risiko, yaitu: 3. Risk Management Unit, there are:
a. Satuan Kerja Manajemen Risiko (SKMR) a. Risk Management Unit
b. Satuan Kerja Manajemen Risiko b. Integrated Risk Management Unit
Terintegrasi (SKMRT)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit Credit Risk
Risiko kredit adalah risiko yang terjadi akibat Credit risk is the risk of loss resulting from defaulting
kegagalan pihak lawan (counterparty) dalam counterparty in fulfilling their obligations. This risk is
memenuhi kewajibannya. Risiko kredit dikelola baik managed both at the transaction and portfolio levels.
pada tingkat transaksi maupun portofolio. Credit risk management practices are designed to
Pengelolaan risiko kredit dirancang untuk menjaga preserve the independence and integrity of the risk
independensi dan integritas proses penilaian risiko, assessment process, and also to diversify the credit
serta diversifikasi risiko kredit. risk.
Di tengah kondisi makro ekonomi yang penuh In the midst of challenging macroeconomic
tantangan, Bank tetap dapat menjaga rasio kredit conditions, Bank is able to maintain its NPL ratio
bermasalah (NPL) dalam batas yang dipersyaratkan within the required limits through continuous
melalui proses pemberian kredit yang selektif dan selective credit process, a rigorous early monitoring
berkelanjutan, proses pemantauan melalui early process and also supported by the handling of
alert yang ketat dan juga didukung oleh penanganan problem loans by Remedial, Asset Quality
kredit bermasalah oleh Remedial, Asset Quality Management and Collection to increase the
Management dan Collection untuk meningkatkan recovery rate of the NPL.
tingkat pengembalian dari NPL.
a) Risiko kredit maksimum a) Maximum credit risk
Untuk aset keuangan yang diakui di laporan For financial assets recognized on the
posisi keuangan konsolidasi, eksposur consolidated financial statement, the maximum
maksimum terhadap risiko kredit sama dengan exposure to credit risk equals to their carrying
nilai tercatat. Untuk bank garansi dan irrevocable amount. For bank guarantees and irrevocable
L/C, eksposur maksimum terhadap risiko kredit L/C, the maximum exposure to credit risk is the
adalah nilai maksimum yang harus dibayarkan maximum amount that the Bank would have to
oleh Bank jika kewajiban atas bank garansi dan pay if the obligations of the bank guarantees and
irrevocable L/C tersebut terjadi. irrevocable L/C issued are called upon.
238
876 2024 Annual Report
Page 879
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
a) Risiko kredit maksimum (lanjutan) a) Maximum credit risk (continued)
Analisa eksposur maksimum terhadap risiko Analysis of maximum exposure to credit risk after
kredit setelah memperhitungkan dampak agunan taking into account the impact of collaterals and
dan mitigasi risiko kredit lainnya adalah sebagai other credit risk mitigations are as follows:
berikut:
a) Nilai tercatat dari aset keuangan Bank selain a) The carrying amount of Bank’s financial
kredit dan piutang pembiayaan konsumen assets other than loan and consumer
menggambarkan eksposur maksimum atas financing receivables represent the maximum
risiko kredit. exposure of credit risk.
b) Untuk kredit yang diberikan dan piutang b) For loans and consumer financing
pembiayaan konsumen, Bank menggunakan receivables, Bank uses collaterals to
agunan untuk meminimalkan risiko kredit. minimize the credit risk. The following is the
Berikut adalah kebijakan Bank terkait dengan Bank’s policy regarding collateral:
jaminan:
Nilai dan jenis jaminan yang dibutuhkan The amount and type of collateral required
tergantung pada penilaian risiko kredit dari depends on the counterparty credit risk
pihak lawan. Panduan tentang jenis jaminan assessment. Guidelines regarding collateral
dan parameter penilaian yang bisa diterima acceptability and valuation parameters are
telah diimplementasikan. being implemented.
Umumnya, agunan diperlukan sebagai Generally, collateral is required as a
sumber terakhir pelunasan kredit (‘secondary secondary source of repayment and also as
source of repayment’) dan sebagai salah satu a form of credit risk mitigation. The primary
bentuk mitigasi risiko kredit. Sumber utama source of credit repayment is the cash flow
pelunasan kredit adalah dari hasil usaha generated from business operations of the
debitur. borrowers.
Agunan yang dapat diterima oleh Bank dibagi Collaterals acceptable by the Bank are
atas 2 (dua) kelompok besar yaitu: divided into 2 (two) categories, as follows:
a) Agunan setara tunai, yaitu a) Cash collateral, such as time
deposito/tabungan/rekening giro/setoran deposit/saving account/current account/
margin/dana tunai yang diblokir atau margin deposit/cash blocked or booked as
dibukukan pada rekening penampungan escrow account which are kept and
yang disimpan serta dicatat pada Bank, recorded by the bank, government bonds,
obligasi pemerintah, Sertifikat Bank certificate of Bank Indonesia and Stand-
Indonesia dan Stand-By Letters of Credit By Letters of Credit (SBLC) issued by
(SBLC) yang diterbitkan oleh prime Bank; prime bank;
b) Agunan non-tunai yaitu agunan yang tidak b) Non-cash collaterals are collateral not
termasuk dalam jenis jaminan seperti included in collateral as mentioned on
pada agunan tunai di atas. cash collateral above.
239
2024 Annual Report PT Bank Maybank Indonesia Tbk 877
Page 880
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi b) Concentration of credit risk
Pengungkapan konsentrasi risiko kredit The disclosure on the maximum credit risk
maksimum berdasarkan kategori portofolio concentration by portfolio category is as follows:
adalah sebagai berikut:
31 Desember/December 31, 2024
Lembaga
keuangan
bukan
Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Other Perorangan/ Jumlah/
Government Bank non-Banks company Individual Total
Laporan posisi keuangan Consolidated statements of
konsolidasian financial position
Giro pada Bank Indonesia 10.696.358 - - - - 10.696.358 Current accounts with Bank Indonesia
Giro pada bank lain - 2.571.949 - - - 2.571.949 Current accounts with other banks
Penempatan pada Placements with Bank Indonesia
Bank Indonesia dan bank lain 2.816.625 182.341 - - - 2.998.966 and other banks
Efek-efek yang
diperdagangkan 1.941.629 - - - - 1.941.629 Trading securities
Investasi keuangan 33.386.987 1.707.465 3.097.645 1.960.083 - 40.152.180 Financial investments
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali - 829.024 - 9.399 - 838.423 under resale agreement
Tagihan derivatif 77.957 528.948 55.941 712.045 6.540 1.381.431 Derivatives receivable
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah - 6.373.800 9.421.097 58.252.850 46.340.834 120.388.581 receivable/financing
Piutang pembiayaan konsumen - - - - 7.192.434 7.192.434 Consumer financing receivables
Tagihan akseptasi - 13.717 - 1.560.524 - 1.574.241 Acceptances receivable
Beban dibayar dimuka dan Prepayments and other
aset lain-lain*) - 67.736 91.769 508.882 403.226 1.071.613 assets*)
48.919.556 12.274.980 12.666.452 63.003.783 53.943.034 190.807.805
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (4.024.870) impairment losses
186.782.935
Rekening administratif Off balance sheets
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik - 6.143 15.000 844.609 156.685 1.022.437 granted to customers
L/C irrevocable yang masih berjalan - 23.202 - 524.157 - 547.359 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi - 87.048 301.597 1.565.689 166.397 2.120.731 Bank guarantees
- 116.393 316.597 2.934.455 323.082 3.690.527
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card
card center dan Mastercard center receivables and Mastercard
240
878 2024 Annual Report
Page 881
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
31 Desember/December 31, 2023
Lembaga
keuangan
bukan
Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Other Perorangan/ Jumlah/
Government Bank non-Banks company Individual Total
Laporan posisi keuangan Consolidated statements of
konsolidasian financial position
Giro pada Bank Indonesia 8.152.106 - - - - 8.152.106 Current accounts with Bank Indonesia
Giro pada bank lain - 2.194.092 - - - 2.194.092 Current accounts with other banks
Penempatan pada Placements with Bank Indonesia
Bank Indonesia dan bank lain 2.227.898 268.604 - - - 2.496.502 and other banks
Efek-efek yang
diperdagangkan 1.297.687 - - - - 1.297.687 Trading securities
Investasi keuangan 26.132.938 1.277.277 2.012.126 1.329.633 - 30.751.974 Financial investments
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali 2.144.911 184.785 - 3.426 - 2.333.122 under resale agreement
Tagihan derivatif 33.445 582.538 27.498 232.960 104.550 980.991 Derivatives receivable
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 1.000 4.751.825 9.651.524 51.546.655 42.105.273 108.056.277 receivables/financing
Piutang pembiayaan konsumen - - - - 7.945.729 7.945.729 Consumer financing receivables
Tagihan akseptasi - 21.726 - 764.969 - 786.695 Acceptances receivable
Beban dibayar dimuka dan Prepayments and other
aset lain-lain*) 9 50.760 96.988 478.983 390.273 1.017.013 assets*)
39.989.994 9.331.607 11.788.136 54.356.626 50.545.825 166.012.188
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.527.439) impairment losses
162.484.749
Rekening administratif Off balance sheets
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik - 9.887 - 847.313 314.181 1.171.381 granted to customers
L/C irrevocable yang masih berjalan - - - 1.092.961 - 1.092.961 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi - 71.838 157.474 1.308.386 148.466 1.686.164 Bank guarantees
- 81.725 157.474 3.248.660 462.647 3.950.506
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card
card center dan Mastercard center receivables and Mastercard
241
2024 Annual Report PT Bank Maybank Indonesia Tbk 879
Page 882
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Konsentrasi risiko kredit maksimum berdasarkan The maximum credit risk concentration by
letak geografis adalah sebagai berikut: geography is as follows:
31 Desember/December 31, 2024
Jawa Tengah
dan
Yogyakarta/ Jawa Timur
Central Java dan Bali/
Jakarta/ Sumatera/ Jawa Barat/ and East Java Indonesia Timur/ Lain-lain/ Jumlah/
Jakarta Sumatera West Java Yogyakarta and Bali East Indonesia Others Total
Laporan posisi keuangan Consolidated statements of
konsolidasian financial position
Giro pada Bank Indonesia 8.937.466 - - - - - 1.758.892 10.696.358 Current accounts with Bank Indonesia
Giro pada bank lain 2.345.104 1.175 - - - 2 225.668 2.571.949 Current accounts with other banks
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 2.092.350 - - - - - 906.616 2.998.966 and other banks
Efek-efek yang
diperdagangkan 1.941.629 - - - - - - 1.941.629 Trading securities
Investasi keuangan 30.377.009 - 20.888 - 23.661 - 9.730.622 40.152.180 Financial investments
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali 829.024 - - - - - 9.399 838.423 under resale agreement
Tagihan derivatif 1.380.597 - - - - - 834 1.381.431 Derivatives receivable
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 59.373.647 5.210.976 2.046.661 2.054.168 7.879.636 4.804.029 39.019.464 120.388.581 receivables/financing
Piutang pembiayaan konsumen - - - - - - 7.192.434 7.192.434 Consumer financing receivables
Tagihan akseptasi 1.156.927 8.240 63.579 45.486 206.557 - 93.452 1.574.241 Acceptances receivable
Beban dibayar dimuka dan Prepayments and other
aset lain-lain*) 547.419 32.055 15.555 10.221 40.394 58.962 367.007 1.071.613 assets*)
108.981.172 5.252.446 2.146.683 2.109.875 8.150.248 4.862.993 59.304.388 190.807.805
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (4.024.870) impairment losses
186.782.935
Rekening administratif Off balance sheets
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik 199.668 42.763 3.807 3.906 434.379 38.979 298.935 1.022.437 granted to customers
L/C irrevocable yang masih berjalan 229.326 33.163 29.250 56.161 197.198 - 2.261 547.359 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi 987.278 262.675 145.882 86.598 316.691 196.658 124.949 2.120.731 Bank guarantees
1.416.272 338.601 178.939 146.665 948.268 235.637 426.145 3.690.527
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan *) Prepayments and other assets consist of interests receivable-net and card
tagihan card center dan Mastercard center receivables and Mastercard
242
880 2024 Annual Report
Page 883
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
31 Desember/December 31, 2023
Jawa Tengah
dan
Yogyakarta/ Jawa Timur
Central Java dan Bali/
Jakarta/ Sumatera/ Jawa Barat/ and East Java Indonesia Timur/ Lain-lain/ Jumlah/
Jakarta Sumatera West Java Yogyakarta and Bali East Indonesia Others Total
Laporan posisi keuangan Consolidated statements of
konsolidasian financial position
Giro pada Bank Indonesia 6.241.768 - - - - - 1.910.338 8.152.106 Current accounts with Bank Indonesia
Giro pada bank lain 2.037.505 4.498 - - - 4 152.085 2.194.092 Current accounts with other banks
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 1.444.112 - - - - - 1.052.390 2.496.502 and other banks
Efek-efek yang
diperdagangkan 1.297.687 - - - - - - 1.297.687 Trading securities
Investasi keuangan 22.181.055 - 295 - 8.248 - 8.562.376 30.751.974 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 2.329.697 - - - - - 3.425 2.333.122 resale agreement
Tagihan derivatif 980.991 - - - - - - 980.991 Derivatives receivable
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 51.935.332 4.922.121 1.647.483 1.894.923 7.087.899 4.364.896 36.203.623 108.056.277 receivables/financing
Piutang pembiayaan konsumen - - - - - - 7.945.729 7.945.729 Consumer financing receivables
Tagihan akseptasi 531.388 34.663 32.961 18.492 154.410 - 14.781 786.695 Acceptances receivable
Beban dibayar dimuka dan Prepayments and other
aset lain-lain*) 541.255 32.914 21.440 10.942 46.829 60.414 303.219 1.017.013 assets*)
89.520.790 4.994.196 1.702.179 1.924.357 7.297.386 4.425.314 56.147.966 166.012.188
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.527.439) impairment losses
162.484.749
Rekening administratif Off balance sheets
Fasilitas pinjaman kepada Unused loan commitments
nasabah yang belum ditarik 232.004 38.121 8.959 5.033 495.178 40.111 351.975 1.171.381 granted to customers
L/C irrevocable yang masih berjalan 653.531 352 5.763 46.279 172.258 - 214.778 1.092.961 Outstanding irrevocable L/Cs
Garansi yang diberikan: Guarantees issued in the form of:
Bank garansi 763.305 192.252 146.775 55.347 275.083 184.465 68.937 1.686.164 Bank guarantees
1.648.840 230.725 161.497 106.659 942.519 224.576 635.690 3.950.506
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan *) Prepayments and other assets consist of interests receivable-net and card
tagihan card center dan Mastercard center receivables and Mastercard
Pengungkapan risiko kredit maksimum tersebut The disclosures of maximum credit risks are
adalah sebelum efek mitigasi melalui penggunaan before the effect of mitigation through the use of
master netting dan perjanjian jaminan. Apabila master netting and collateral agreements.
instrumen keuangan dicatat berdasarkan nilai Where financial instruments are recorded at fair
wajar, angka yang ditunjukkan mencerminkan value, the amounts shown represent the current
pengungkapan risiko kredit saat ini tetapi bukan credit risk exposure but not the maximum risk
pengungkapan risiko maksimal yang dapat timbul di exposure that could arise in the future as a result
masa yang akan datang sebagai akibat perubahan of changes in value.
nilai.
243
2024 Annual Report PT Bank Maybank Indonesia Tbk 881
Page 884
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Mitigasi Risiko Kredit Credit Risk Mitigation
Bank telah mengimplementasikan credit risk The Bank has implemented credit risk
management yang mencakup penetapan management which covers setting up
prosedur dan kebijakan kredit, pengaturan limit procedures and credit policies, stipulates a limit
dan mengevaluasinya secara berkala, and conduct regular evaluation, implement
penggunaan Credit Risk Rating untuk kredit Credit Risk Rating for SME/commercial/
UKM/komersial/korporasi, Credit Scoring untuk corporate, Credit Scoring for Consumer,
kredit konsumen, mengevaluasi kebijakan dan evaluates credit policies and procedures to
prosedur kredit untuk memastikan bahwa seluruh ensure that all potential risks have been covered,
risiko yang mungkin timbul dari kegiatan and apply the “Four Eyes Principle” consistently.
pemberian kredit telah tercakup, serta The Bank has managed its credit portfolio
menerapkan prinsip “Four Eyes Principle” secara continuously in a consistent manner and reports
konsisten. Bank telah melaksanakan pengelolaan to the senior management and Board of
portofolio kredit secara konsisten dan Commissioners on a regular basis (monthly).
berkelanjutan serta melaporkannya kepada
manajemen senior dan Dewan Komisaris secara
berkala (bulanan).
Dalam rangka memitigasi risiko kredit Bank, In order to mitigate the Bank’s credit risk, the
berikut ini adalah upaya yang dilakukan secara following efforts are periodically performed:
berkala:
1. Menentukan batas eksposur dari setiap 1. Determining exposure limits for each
segmen industri; industry segmentation;
2. Meninjau kredit berdasarkan jenis industri 2. Reviewing credit based on certain industry
tertentu/limit industri; dan type/industry limit; and
3. Melakukan tes validasi dengan 3. Performing validation on tests by
menerapkan skenario terburuk untuk implementing worst-case scenario to the
portofolio dan untuk beberapa debitur portfolio and to some large debtors.
besar.
Metode pemberian kredit Bank meliputi: The Bank’s credit granting process includes:
1. Evaluasi limit kredit secara keseluruhan 1. Evaluation of overall credit limits at
pada tingkat debitur/counterparty dan borrower/counterparty level, and a group of
kelompok debitur/obligor terkait untuk related borrowers/obligor for both on-
eksposur on-balance sheet dan off- balance sheet and off-balance sheet
balance sheet; exposures;
2. Analisis kemampuan untuk membayar 2. Analysis of repayment capacity and integrity
kembali dan integritas of the borrower/counterparty;
debitur/counterparty;
3. Persyaratan dan kondisi yang mengikat; 3. Legally binding terms and conditions;
4. Penggunaan agunan; dan 4. Use of collateral; and
5. Penilaian kondisi makro ekonomi dan 5. Assessment of macroeconomic and industry
industri. conditions.
244
882 2024 Annual Report
Page 885
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Mitigasi Risiko Kredit (lanjutan) Credit Risk Mitigation (continued)
Bank juga mengembangkan serta menerapkan The Bank also develops and implements Risk
prinsip Risk Governance sebagai bagian dalam Governance principle as part of credit internal
pengendalian internal perkreditan: control:
1. Lini pertama (Pilar Bisnis dan Pendukung) 1. The first Line of Defense (Business and
terutama bertanggung jawab mengelola Support Pillars) is primarily responsible for
risiko spesifik yang merupakan bagian dari managing specific risks assumed in their
aktivitas mereka sehari-hari. day-to-day activities.
2. Lini kedua menyediakan sumber daya 2. The second Line of Defense provides
yang diperlukan untuk mengembangkan specialized resources for developing risk
kerangka kerja risiko, kebijakan, frameworks, policies, methodologies and
metodologi dan perangkat risiko dalam tools for managing Bank’s material risk.
pengelolaan risiko yang bersifat material
terhadap Bank secara keseluruhan.
3. Lini ketiga melibatkan audit internal, yang 3. The third Line of Defense involves internal
secara independen bertugas untuk audit, whose task would be to independently
melakukan review kecukupan dan review the adequacy and effectiveness of
keefektifan proses manajemen risiko. the risk management process.
Untuk memfasilitasi penilaian risiko dari debitur To facilitate risk assessment of corporate,
korporasi, komersial dan UKM, Bank melakukan commercial and SME debtors, the Bank
pemantauan terhadap seluruh aspek dari debitur monitors all aspects of debtors and their industry
dan sektor industrinya. Unit-unit Manajemen sector. The Risk Management Units monitor the
Risiko melakukan pemantauan portofolio portfolio continuously. All relevant information is
yang dimiliki Bank secara berkesinambungan. shared to the business unit to support the
Informasi yang relevan disampaikan kepada unit conduct of risk assessment.
bisnis untuk mendukung pelaksanaan penilaian
risiko.
Bank mengukur dan memantau risiko untuk The Bank measures and monitors risk for each
setiap debitur baik secara individual maupun debtor, on individual and obligor basis, by
obligor, sektor ekonomi maupun seluruh economic sector and credit portfolios. The Bank
portofolio kredit. Bank telah menetapkan standar has set up standards and procedures to support
dan prosedur untuk mendukung proses a process of granting credit by considering risk
pemberian kredit yang mempertimbangkan risiko and return.
dan perolehan hasil.
Kualitas kredit aset keuangan dikelola oleh Bank The credit quality of financial assets is managed
dengan menggunakan panduan dari Otoritas by the Bank using guidance from Financial
Jasa Keuangan. Kualitas kredit berdasarkan Services Authority’s. The credit quality by class
golongan aset untuk beberapa aset keuangan of asset for certain financial assets exposed to
yang memiliki risiko kredit, dijelaskan di Catatan credit risk, are disclosed in Notes 6, 7, 8, 9, 10,
6, 7, 8, 9, 10, 11, 12, 13 dan 14 dalam laporan 11, 12, 13 and 14 to the financial statements.
keuangan.
245
2024 Annual Report PT Bank Maybank Indonesia Tbk 883
Page 886
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Mitigasi Risiko Kredit (lanjutan) Credit Risk Mitigation (continued)
Bank memiliki kebijakan untuk mempertahankan It is the Bank’s policy to maintain accurate and
akurasi dan konsistensi peringkat risiko di seluruh consistent risk ratings across the credit portfolio.
portofolio kredit. Hal ini akan memudahkan fokus This enable management to focus on the
manajemen risiko yang berlaku dan applicable risks and the comparison of credit
perbandingan eksposur kredit di seluruh lini exposures across all lines of business,
bisnis, daerah geografis dan produk. Sistem geographic regions and products. The rating
peringkat ini didukung oleh berbagai analisis system is supported by a variety of financial
keuangan, dikombinasikan dengan informasi analysis, combined with processed market
pasar yang telah diproses untuk menyediakan information to provide the main inputs for the
masukan utama untuk pengukuran risiko measurement of counterparty risk. All internal
counterparty. Semua peringkat risiko internal risk ratings are tailored to the various categories
yang disesuaikan dengan berbagai kategori dan and are derived in accordance with the Bank’s
diturunkan sesuai dengan kebijakan penilaian rating policy. The attributable risk ratings are
Bank. Peringkat risiko yang timbul dinilai dan assessed and updated regularly.
diperbaharui secara berkala.
Agunan yang diambil alih Foreclosed assets
Selama tahun berjalan, Bank telah mengambil alih During the current year, the Bank took
kepemilikan jaminan sebanyak 53 unit tanah dan possession of 53 units of land and buildings with
bangunan dengan nilai buku sebesar Rp142.063 book value of Rp142,063 (2023: 55 units of land
(2023: 55 unit tanah dan bangunan dengan nilai and buildings with book value of Rp143,516) and
buku sebesar Rp143.516) dan telah menjual sold 43 units of land and building with book value
sebanyak 43 unit tanah dan bangunan dengan of Rp142,572 (2023: 59 units of land and building
nilai buku sebesar Rp142.572 (2023: 59 unit with book value of Rp149,849) while the
tanah dan bangunan dengan nilai buku sebesar remaining are still in the process of being sold.
Rp149.849) sedangkan sisanya dalam proses
dilakukan penjualan oleh Bank.
Penilaian penurunan nilai Impairment assessment
Bank telah menerapkan klasifikasi penurunan nilai Bank has implemented classification of
berdasarkan ketentuan PSAK 109 sejak Januari impairment based on SFAS 109 since January
2020. Klasifikasi penurunan nilai terdiri dari 3 2020. Impairment classification consist of
(tiga) stage: stage 1 atau performing loan yaitu 3 (three) stage: stage 1 or performing loan or non-
kredit yang tidak mengalami penurunan nilai, impaired loan, stage 2 or under performing loan
stage 2 atau under performing loan yaitu kredit or non-impaired loan bit have significant increase
belum mengalami penurunan nilai namun in credit risk since the originated, and stage 3 or
mengalami peningkatan risiko kredit secara non-performing or impaired loan.
signifikan sejak pengakuan awal, dan stage 3 atau
non-performing atau kredit telah mengalami
penurunan nilai.
Pengklasifikasian kredit untuk debitur non-ritel Credit classification for non-retail borrower
ditentukan berdasarkan beberapa kriteria pemicu determined based on timeliness of payment,
(trigger), yaitu berdasarkan ketepatan rating, financial, and event triggers. Meanwhile
pembayaran, peringkat, keuangan dan terjadinya classification for retail borrower classification is
peristiwa tertentu. Sementara klasifikasi untuk emphasizing more on the timeliness of payment
debitur ritel lebih menekankan pada ketepatan and rating.
pembayaran dan peringkat.
246
884 2024 Annual Report
Page 887
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
b) Risiko kredit konsentrasi (lanjutan) b) Concentration of credit risk (continued)
Penilaian penurunan nilai (lanjutan) Impairment assessment (continued)
Bank melakukan penilaian penurunan nilai dalam The Bank addresses impairment assessment in
dua metode: penilaian cadangan penurunan nilai two methods: individually assessed allowances
individual dan penilaian cadangan penurunan and collectively assessed allowances.
nilai kolektif.
Bank menentukan cadangan secara individual The Bank determines the allowances appropriate
untuk masing-masing aset keuangan kredit for each individually significant financial assets on
diberikan individu yang signifikan. Beberapa hal an individual basis. Items considered when
yang dipertimbangkan dalam menentukan jumlah determining allowance amounts include the
cadangan antara lain mencakup kemungkinan sustainability of the debtors’ business plan, its
rencana bisnis debitur, kemampuan untuk ability to improve performance once a financial
memperbaiki kinerja setelah adanya kesulitan difficulty has arisen, projected receipts and the
keuangan, proyeksi penerimaan dan expected payout should bankruptcy ensue, the
pembayaran apabila terjadi kebangkrutan, availability of other financial support, the
kemungkinan adanya sumber pembayaran realizable value of collateral and the timing of
lainnya, jumlah yang dapat direalisasikan atas expected cash flows. Impairment allowances are
jaminan dan ekspektasi waktu arus kas. evaluated at each reporting date, unless foreseen
Cadangan penurunan nilai dievaluasi setiap circumstances require more careful attention. The
tanggal pelaporan, kecuali bila terdapat beberapa methodology of individually assessed allowances
kondisi-kondisi yang mengharuskan adanya for financial assets has been disclosed in Note 2o.
pemantauan yang lebih berhati-hati. Metodologi
atas penilaian cadangan penurunan nilai secara
individual untuk aset keuangan telah
diungkapkan dalam Catatan 2o.
Penilaian cadangan penurunan nilai kolektif Collectively assessed allowances
Penilaian cadangan kerugian secara kolektif Allowances are assessed collectively for losses
dilakukan atas aset keuangan yang tidak on financial assets that are not individually
signifikan secara individu. Metodologi atas significant. The methodology of collectively
penilaian cadangan penurunan nilai secara assessed allowances has been disclosed in Note
kolektif ini telah diungkapkan pada Catatan 2o. 2o.
Evaluasi penurunan nilai Impairment assessment
Berikut ini adalah risiko kredit berdasarkan Below are credit risk based on impairment
klasifikasi evaluasi penurunan nilai untuk pos-pos assesment classification for certain financial
aset keuangan tertentu pada tanggal 31 asset as of December 31, 2024 and 2023:
Desember 2024 dan 2023:
Giro pada bank lain Current accounts with other banks
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 190.493 - 190.493 151.346 - 151.346 Rupiah
Mata uang asing 2.381.456 - 2.381.456 2.042.746 - 2.042.746 Foreign currencies
Jumlah 2.571.949 - 2.571.949 2.194.092 - 2.194.092 Total
Cadangan kerugian Allowance for
penurunan nilai (1.108) - (1.108) (1.810) - (1.810) impairment losses
2.570.841 - 2.570.841 2.192.282 - 2.192.282
247
2024 Annual Report PT Bank Maybank Indonesia Tbk 885
Page 888
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Penempatan pada Bank Indonesia dan bank lain Placements with Bank Indonesia and other banks
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah Rupiah
Sertifikat investasi Mudharabah Mudharabah interbank investment
antarbank - - - 200.000 - 200.000 certificate
Mata uang asing Foreign currencies
Deposito berjangka 2.816.625 - 2.816.625 2.232.565 - 2.232.565 Time deposits
Call money 182.341 - 182.341 63.937 - 63.937 Call money
2.998.966 - 2.998.966 2.296.502 - 2.296.502
Jumlah 2.998.966 - 2.998.966 2.496.502 - 2.496.502 Total
Cadangan kerugian
penurunan nilai - - - (2.016) - (2.016) Allowance for impairment losses
2.998.966 - 2.998.966 2.494.486 - 2.494.486
Efek-efek Marketable securities
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah Rupiah
Surat Utang Negara 13.344.999 - 13.344.999 15.524.766 - 15.524.766 Government Promissory Notes
Sekuritas Rupiah Bank Indonesia 9.861.789 - 9.861.789 1.260.610 - 1.260.610 Bank Indonesia Rupiah Securities
Obligasi korporasi 4.445.595 - 4.445.595 3.256.438 - 3.256.438 Corporate bonds
Surat Berharga Syariah Sovereign Sharia
Negara
Indonesia Syariah 2.514.742 - 2.514.742 3.255.946 - 3.255.946 Securities
Sukuk Bank Indonesia 5.393.365 - 5.393.365 3.825.704 - 3.825.704 Sukuk Bank Indonesia
Sertifikat Pengelolaan Dana
Syariah Antarbank - - - - - - Sharia Interbank Fund Certificate
Tagihan atas wesel ekspor 836.916 - 836.916 131.620 - 131.620 Export bills receivables
Sertifikat deposito - - - 123.275 - 123.275 Negotiable Certificate of Deposit
Medium-term Notes - - - 49.567 - 49.567 Medium-term Notes
Surat Perbendaharaan Negara
Syariah - - - 81.221 - 81.221 State Treasury Notes Sharia
36.397.406 - 36.397.406 27.509.147 - 27.509.147
Mata uang asing Foreign currencies
Surat Utang Negara 1.679.153 - 1.679.153 1.105.720 - 1.105.720 Government Promissory Notes
Sukuk Bank Indonesia - - - 307.940 - 307.940 Sukuk Bank Indonesia
Surat Berharga Syariah Sovereign Sharia
Negara
Indonesia Syariah 512.579 - 512.579 617.181 - 617.181 Securities
Obligasi korporasi 357.826 - 357.826 568.406 - 568.406 Corporate bonds
Sekuritas Valas Bank Indonesia 80.360 - 80.360 153.851 - 153.851 Bank Indonesia Foreign Securities
Tagihan atas wesel ekspor 883.421 - 883.421 279.073 - 279.073 Export bills receivables
Medium-term Notes 46.253 - 46.253 42.863 - 42.863 Medium-term Notes
3.559.592 - 3.559.592 3.075.034 - 3.075.034
Jumlah 39.956.998 - 39.956.998 30.584.181 - 30.584.181 Total
Cadangan kerugian
penurunan nilai (1.015) - (1.015) (397) - (397) Allowance for impairment losses
39.955.983 - 39.955.983 30.583.784 - 30.583.784
248
886 2024 Annual Report
Page 889
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Penyertaan saham Investment in shares
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 195.182 - 195.182 167.793 - 167.793 Rupiah
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreement
31 Desembe/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 829.024 - 829.024 2.329.696 - 2.329.696 Rupiah
Mata uang asing 9.399 - 9.399 3.426 - 3.426 Foreign currencies
Jumlah 838.423 - 838.423 2.333.122 - 2.333.122 Total
Cadangan kerugian Allowance for
penurunan nilai (147) - (147) (50) - (50) impairment losses
838.276 - 838.276 2.333.072 - 2.333.072
Tagihan derivatif Derivative receivables
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 1.266.112 - 1.266.112 908.408 - 908.408 Rupiah
Mata uang asing 115.319 - 115.319 72.583 - 72.583 Foreign currencies
1.381.431 - 1.381.431 980.991 - 980.991
249
2024 Annual Report PT Bank Maybank Indonesia Tbk 887
Page 890
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Kredit yang diberikan dan piutang/pembiayaan Loans and Sharia receivables/financing
Syariah
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah Rupiah
Korporasi 17.805.748 46.671 17.852.419 17.783.532 46.702 17.830.234 Corporate
Komersial/Usaha Kecil Commercial/Small and Medium
Menengah (UKM) 21.826.345 1.732.656 23.559.001 18.769.905 2.131.456 20.901.361 Enterprises (SME)
Konsumen 28.920.784 513.873 29.434.657 25.932.536 524.150 26.456.686 Consumer
Syariah 27.034.529 2.133.859 29.168.388 26.001.456 1.352.426 27.353.882 Sharia
95.587.406 4.427.059 100.014.465 88.487.429 4.054.734 92.542.163
Mata uang asing Foreign currencies
Korporasi 15.080.852 479.816 15.560.668 10.413.427 403.456 10.816.883 Corporate
Komersial/Usaha Kecil Commercial/Small and Medium
Menengah (UKM) 2.224.334 2 2.224.336 1.808.475 3 1.808.478 Enterprises (SME)
Syariah 2.579.132 9.980 2.589.112 2.867.293 21.460 2.888.753 Sharia
19.884.318 489.798 20.374.116 15.089.195 424.919 15.514.114
Jumlah 115.471.724 4.916.857 120.388.581 103.576.624 4.479.653 108.056.277 Total
Cadangan kerugian Allowance for
penurunan nilai (1.477.970) (2.424.968) (3.902.938) (1.526.815) (1.849.998) (3.376.813) impairment losses
113.993.754 2.491.889 116.485.643 102.049.809 2.629.655 104.679.464
Piutang pembiayaan konsumen Consumer financing receivables
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 7.127.399 65.035 7.192.434 7.856.725 89.004 7.945.729 Rupiah
Cadangan kerugian Allowance for
penurunan nilai (79.084) (37.402) (116.486) (94.670) (50.618) (145.288) impairment losses
7.048.315 27.633 7.075.948 7.762.055 38.386 7.800.441
250
888 2024 Annual Report
Page 891
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Tagihan akseptasi Acceptances receivable
31 Desember/December 31, 2024 31 Desember/December 31, 2023
Tidak Tidak
mengalami Mengalami mengalami Mengalami
penurunan penurunan penurunan penurunan
nilai/ nilai/ nilai/ nilai/
45020202 Non-impaired Impaired Jumlah/Total Non-impaired Impaired Jumlah/Total
Rupiah 192.017 - 192.017 160.634 - 160.634 Rupiah
Mata uang asing 1.382.224 - 1.382.224 626.061 - 626.061 Foreign currencies
Jumlah 1.574.241 - 1.574.241 786.695 - 786.695 Total
Cadangan kerugian Allowance for
penurunan nilai (3.176) - (3.176) (1.065) - (1.065) impairment losses
1.571.065 - 1.571.065 785.630 - 785.630
Tabel di bawah menunjukkan peringkat kredit per The tables below show credit grading per class of
jenis instrumen (sebelum cadangan kerugian financial assets (gross of allowance for impairment
penurunan nilai): losses):
31 Desember/December 31, 2024
Belum jatuh tempo dan tidak mengalami penurunan nilai/
Neither past due nor impaired Jatuh tempo
dan tidak
mengalami
penurunan Mengalami
Tingkat Tingkat Tanpa nilai/Past-due penurunan
50010000_02 Tingkat tinggi/ standar/ rendah/ peringkat/ but not nilai/ Jumlah/
High grade Standard grade Low grade Unrated impaired Impaired Total
Aset keuangan Financial assets
Current accounts with
Giro pada Bank Indonesia - - - 10.696.358 - - 10.696.358 Bank Indonesia
Current accounts with
Giro pada bank lain 1.025.797 147.215 107.095 1.291.842 - - 2.571.949 other banks
Penempatan pada Placements with Bank Indonesia
Bank Indonesia dan bank lain - 182.341 - 2.816.625 - - 2.998.966 and other banks
Efek-efek yang
diperdagangkan - 31.770 - 1.909.859 - - 1.941.629 Trading securities
Investasi keuangan 2.280.496 4.693.202 148.068 33.030.414 - - 40.152.180 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali - - - 838.423 - - 838.423 resale agreements
Tagihan derivatif 585.509 98.989 187.686 509.247 - - 1.381.431 Derivative receivables
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 42.062.259 31.636.229 2.013.146 37.343.210 2.416.880 4.916.857 120.388.581 receivables/financing
Piutang pembiayaan konsumen - - - 6.683.547 443.852 65.035 7.192.434 Consumer financing receivables
Tagihan akseptasi - - - 1.574.241 - - 1.574.241 Acceptances receivables
Beban dibayar dimuka dan Prepayments and other
aset lain-lain*) - - - 1.071.613 - - 1.071.613 assets*)
Jumlah 45.954.061 36.789.746 2.455.995 97.765.379 2.860.732 4.981.892 190.807.805 Total
Dikurangi : Cadangan kerugian Less : Allowance for
penurunan nilai (4.024.870) impairment losses
186.782.935
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card center
card center dan Mastercard receivables and Mastercard
251
2024 Annual Report PT Bank Maybank Indonesia Tbk 889
Page 892
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Tabel di bawah menunjukkan peringkat kredit per The tables below show credit grading per class of
jenis instrumen (sebelum cadangan kerugian financial assets (gross of allowance for impairment
penurunan nilai): (lanjutan) losses): (continued)
31 Desember/December 31, 2023
Belum jatuh tempo dan tidak mengalami penurunan nilai/
Neither past due nor impaired Jatuh tempo
dan tidak
mengalami
penurunan Mengalami
Tingkat Tingkat Tanpa nilai/Past-due penurunan
50010000_02 Tingkat tinggi/ standar/ rendah/ peringkat/ but not nilai/ Jumlah/
High grade Standard grade Low grade Unrated impaired Impaired Total
Aset keuangan Financial assets
Current accounts with
Giro pada Bank Indonesia - - - 8.152.106 - - 8.152.106 Bank Indonesia
Current accounts with
Giro pada bank lain 971.602 142.874 112.660 966.956 - - 2.194.092 other banks
Penempatan pada Placements with Bank Indonesia
Bank Indonesia dan bank lain 58.382 205.555 - 2.232.565 - - 2.496.502 and other banks
Efek-efek yang
diperdagangkan 1.297.687 - - - - - 1.297.687 Trading securities
Investasi keuangan 1.989.067 3.928.307 307.868 24.526.732 - - 30.751.974 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali - - - 2.333.122 - - 2.333.122 resale agreements
Tagihan derivatif 439.535 103.878 79.934 357.644 - - 980.991 Derivative receivables
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 34.043.747 31.103.160 2.666.445 33.534.567 2.228.705 4.479.653 108.056.277 receivables/financing
Piutang pembiayaan konsumen - - - 7.291.750 564.975 89.004 7.945.729 Consumer financing receivables
Tagihan akseptasi - - - 786.695 - - 786.695 Acceptances receivables
Beban dibayar dimuka dan Prepayments and other
aset lain-lain*) - - - 1.017.013 - - 1.017.013 assets*)
Jumlah 38.800.020 35.483.774 3.166.907 81.199.150 2.793.680 4.568.657 166.012.188 Total
Dikurangi : Cadangan kerugian Less : Allowance for
penurunan nilai (3.527.439) impairment losses
162.484.749
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto dan tagihan *) Prepayments and other assets consist of interests receivable-net and card center
card center dan Mastercard receivables and Mastercard
Peringkat kredit didefinisikan sebagai berikut: The credit grading are defined as follows:
a) Tingkat tinggi: Peringkat dalam kategori ini a) High grade: Rating in this category has an
memiliki kapasitas sangat baik dalam excellent capacity to meet financial
memenuhi komitmen keuangan dengan risiko commitments with very low credit risk.
kredit sangat rendah.
b) Tingkat sedang: Peringkat dalam kategori ini b) Standard grade: Rating in this category has a
memiliki kapasitas yang baik dalam good capacity to meet financial commitments
memenuhi komitmen keuangan dengan risiko with very low credit risk.
kredit sangat rendah.
c) Tingkat rendah: Peringkat dalam kategori ini c) Low grade: Rating in this category has fairly
memiliki kapasitas yang cukup dalam acceptable capacity to meet financial
memenuhi komitmen keuangan dengan risiko commitments with standard credit risk.
kredit sedang.
d) Tanpa peringkat: Kategori ini tidak d) Unrated: This category are currently not
menyediakan peringkat dikarenakan assigned with any ratings due to unavailability
ketidaktersediaan dari model-model peringkat of rating models or exposure and/or
atau risiko pada lembaga pemerintah government-related-agencies.
dan/atau agen-agen yang berhubungan
dengan pemerintah.
252
890 2024 Annual Report
Page 893
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Analisis umur kredit yang diberikan dan piutang The aging analysis of past due but not impaired
pembiayaan konsumen yang jatuh tempo tetapi loans and consumer financing receivables as of
tidak mengalami penurunan nilai pada tanggal December 31, 2024 and 2023, are as follows:
31 Desember 2024 dan 2023 sebagai berikut:
31 Desember/December 31, 2024
Sampai dengan
30 hari/
Jumlah/ Up to 31 - 60 hari/ 61 - 90 hari/
45020202 Total 30 days days days
Komersial/Usaha Commercial/Small and
Kecil Menengah (UKM) 200.761 115.444 40.292 45.025 Medium Enterprises (SME)
Konsumen 1.374.187 1.043.955 223.643 106.589 Consumer
Syariah 841.932 645.214 118.891 77.827 Sharia
2.416.880 1.804.613 382.826 229.441
31 Desember/December 31, 2023
Sampai dengan
30 hari/
Jumlah/ Up to 31 - 60 hari/ 61 - 90 hari/
45020202 Total 30 days days days
Komersial/Usaha Commercial/Small and
Kecil Menengah (UKM) 180.084 110.735 20.077 49.272 Medium Enterprises (SME)
Konsumen 1.263.350 977.066 181.413 104.871 Consumer
Syariah 785.271 605.611 116.157 63.503 Sharia
2.228.705 1.693.412 317.647 217.646
31 Desember/December 31, 2024
Sampai dengan
30 hari/
Jumlah/ Up to 31 - 60 hari/ 61 - 90 hari/
45020202 Total 30 days days days
Piutang pembiayaan Consumer financing
konsumen 443.852 336.744 81.431 25.677 receivables
31 Desember/December 31 , 2023
Sampai dengan
30 hari/
Jumlah/ Up to 31 - 60 hari/ 61 - 90 hari/
45020202 Total 30 days days days
Piutang pembiayaan Consumer financing
konsumen 564.974 434.103 98.190 32.681 receivables
253
2024 Annual Report PT Bank Maybank Indonesia Tbk 891
Page 894
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Bank melakukan pengukuran Expected Credit Loss Bank specifically requires to measurement of
(ECL) tidak hanya menggunakan informasi masa Expected Credit Loss (ECL) using not only past and
lalu dan saat ini, tetapi juga termasuk informasi current information, but also including forecast
prakiraan (forward looking). Model dibangun untuk information. The model is developed for each
setiap portofolio dengan memodelkan Observed portfolio by modelling quarterly portfolio-level ODRs
Default Rate (ODR) pada tingkat portofolio dengan with a range of quarterly macroeconomic variables
berbagai variable Makro ekonomi dengan metode base on Statistical method with Multiple Logistic of
statistika regresi berganda. Oleh karena itu regression. The ECL calculations are therefore
perhitungan ECL diharapkan memasukkan expected to include forward looking adjustments
penyesuaian berwawasan kedepan (Forward (“FLA”) accounting for the expected future
looking adjustment /FLA) yang konsisten dengan macroeconomic conditions.
kondisi makro ekonomi.
Estimasi perubahan ECL harus mencerminkan, dan Estimates of changes in ECL should reflect, and be
secara konsisten dengan perubahan dalam data directionally consistent with, changes in related
observasi terkait dari periode ke periode (seperti observable data from period to period (such as
perubahan tingkat pengangguran, indeks harga changes in unemployment rates, property residential
perumahan properti, inflasi, PDB, nilai tukar, atau prices index, inflation, GDP, exchange rate, or other
faktor lain yang merupakan indikasi kerugian kredit factors that are indicative of credit losses on the
atas instrumen keuangan atau kelompok instrumen financial instrument or in the group of financial
keuangan dan besarnya perubahan tersebut). instruments and in the magnitude of those changes).
Berdasarkan saran dari Komite Manajemen Risiko, Based on advice from the Risk Management
pakar ekonomi dan pertimbangan berbagai informasi Committee, Internal economists and consideration
aktual dan perkiraan eksternal, Bank merumuskan of various actual information and external forecast,
pandangan Base (base case) tentang pergerakan Bank formulated a base case for the movement of
variable ekonomi yang relevan di masa depan serta relevant economic variables in the future as well as
perkiraan skenario lain yang mungkin terjadi (upcase forecasts of other possible scenarios and scenario
dan downcase) serta bobot yang dipakai untuk weighted also. The base case reflects the output
masing-masing skenario. Pandangan Base (base with the highest probability and is used in forward
case) mencerminkan output dengan probabilitas yang looking factor measurement. Another scenario,
paling tinggi yang digunakan dalam perhitungan factor reflects more optimistic outputs and more
forward looking. Skenario yang lain, mencerminkan pessimistic outputs. Regarding the Globally
keluaran yang lebih optimis dan keluaran yang lebih pandemic of Covid-19 impact, economists decided
pesimis. Terkait dengan adanya pengaruh pandemi for the year 2024 to use scenario weighted for first
Covid-19 secara global, pakar ekonomi menetapkan year (Y1) onwards forecast is 80:10:10 whereas it’s
untuk tahun 2024 menggunakan bobot per scenario for base case, up case and down case respectively.
dari tahun pertama 80:10:10 masing-masing untuk
basecase, upcase dan downcase.
Tahun 1/Year 1 Tahun 2/Year 2
Dasar/Base Target/Range Dasar/Base Target/Range
Pertumbuhan PDB 5,17% 4,65% - 5,48% 5,29% 4,76% - 5,66% GDP Growth
Inflasi 2,18% 1,85% - 2,42% 2,56% 2,18% - 2,95% Inflation
Tingkat Pengangguran 4,83% 4,35% - 5,55% 4,72% 4,25% - 5,43% Unemployment
Ekspor riil 6,41% 5,77% - 7,05% 8,87% 7,98% - 9,76% Export Real
Impor riil 7,73% 6,96% - 8,50% 9,64% 8,67% - 10,60% Import Real
Harga Minyak USD66 - USD70 -
dunia USD76/Barel USD86 USD80/Barel USD90 Brent
Indeks Harga Properti Residensial 1,97% 1,67% - 2,26% 2,10% 1,78% - 2,41% Price Property Index
IDR14.115 - IDR13.995 -
Nilai Tukar IDR15.259 IDR17.548 IDR15.130 IDR17.400 Foreign Exchange
Perkembangan pandemi global Coronavirus The developing Coronavirus Disease 2019 (“Covid-
Disease 2019 (“Covid-19”) secara global telah 19”) global pandemic has had an impact on the
berdampak terhadap kinerja dan kapasitas debitur performance and capacity of debtors in fulfilling
dalam memenuhi kewajiban pembayaran kredit repayment that has led to an increase in credit risk
yang menyebabkan peningkatan dalam risiko kredit of Indonesian banks.
perbankan Indonesia.
254
892 2024 Annual Report
Page 895
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar Market Risk
Risiko pasar adalah risiko dimana nilai wajar atau Market risk is defined as the risk that the fair value
arus kas di masa mendatang dari suatu instrumen or future cash flows of a financial instrument will
keuangan akan berfluktuasi akibat perubahan fluctuate as a result of changes in market variables,
variabel pasar, seperti: suku bunga, nilai tukar, such as interest rates, exchange rates, equity prices
harga ekuitas dan harga komoditas. Risiko pasar and commodity prices. Market risk is embedded in
melekat pada semua portofolio bank termasuk all bank’s portfolio which comprise of Trading Books
posisi pada Trading Book maupun Banking Book. as well as the Banking Book.
Pengelolaan risiko pasar pada Trading Book, diukur Market risk management within Trading Book is
menggunakan beberapa metodologi diantaranya complemented by various measurement tools i.e:
yaitu: Value at Risk (VaR), PV01, PDN Valuta Asing Value at Risk (VaR), PV01, FX NOP (Foreign
(Posisi Devisa Neto Valuta Asing) dan Stop Loss Exchange Net Open Position) and Stop Loss Limit.
Limit.
VaR didefinisikan sebagai kerugian potensial VaR is defined as the maximum potential loss within
maksimum yang berasal dari pergerakan pasar normal market condition on specific level of
yang normal dalam tingkat kepercayaan dan jangka confidence and holding period taking into account
waktu pengambilan posisi tertentu berdasarkan the sensitivity and volatility from each of portfolio
sensitivitas atau volatilitas dari setiap variabel variables as well as diversification effect which
instrumen/portofolio dan juga efek diversifikasi yang offset risk positions in the portfolio.
mengurangi posisi risiko pada portofolio.
Pengukuran PV01 mengkalkulasikan kerugian dari PV01 calculates the loss of an instrument or a set
suatu instrumen atau kumpulan portofolio yang of portfolio corresponding to an increase of 1 basis
diakibatkan oleh kenaikan 1 basis poin pada tingkat point in interest rate. PV01 serves as a sensitivity
suku bunga. PV01 berperan sebagai alat ukur measure of portfolio to a change in interest rate. FX
sensitivitas dari portofolio terhadap perubahan suku NOP is a measure to limit the maximum holding
bunga. PDN Valuta Asing adalah suatu mekanisme position of specific currency in trading activity to
untuk mengukur jumlah posisi yang diperkenankan mitigate the foreign exchange risk. In addition, Stop
terhadap suatu mata uang yang dilakukan untuk Loss Limit is imposed to curb the actual financial
memitigasi risiko nilai tukar. Sedangkan Stop Loss loss for trading book.
Limit ditentukan untuk membatasi kerugian finansial
yang dapat terjadi atas setiap portofolio pada trading
book.
VaR sebagai metode pengukuran dari risiko memiliki VaR as a risk measure possess some limitations.
beberapa keterbatasan. VaR menggunakan data VaR incorporates historical data to forecast future
historis untuk meramalkan pergerakan harga di masa price behavior. While in fact, future price behavior
mendatang. Sedangkan pergerakan pasar di masa could differ substantially from past behavior.
mendatang dapat jauh berbeda dari pergerakan di Furthermore, the application of one-day holding
masa lalu. Selanjutnya, penggunaan metode jangka period method assumes that all positions in the
waktu pengambilan posisi dalam satu hari portfolio can be liquidated or hedged in one day. In
mengasumsikan bahwa keseluruhan posisi dalam liquidity crunch period or specific market events,
portofolio dapat dijual/ dibeli atau di-hedge dalam satu this assumption may not hold. Moreover, 99%
hari. Dalam periode kesulitan likuiditas atau kejadian confidence level assumption implies that VaR does
di pasar yang spesifik, asumsi ini memiliki not account for any losses that occur beyond this
kemungkinan tidak tepat. Selain itu, penggunaan confidence level.
tingkat kepercayaan 99% berarti bahwa VaR tidak
mengikutkan kerugian yang melebihi tingkat
kepercayaan.
255
2024 Annual Report PT Bank Maybank Indonesia Tbk 893
Page 896
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Berikut adalah hasil pengukuran VaR selama tahun Following is the VaR calculation during the year
yang berakhir pada 31 Desember 2024 dan 2023: ended on December 31, 2024 and 2023:
31 Desember/December 31, 2024
Nilai Tukar/ Suku Bunga/
Foreign Exchange Interest Rate
Rata-rata 3.629 5.614 Average
Tertinggi 19.786 12.475 Highest
Terendah 283 1.595 Lowest
Akhir periode 18.245 3.228 End of period
31 Desember/December 31, 2023
Nilai Tukar/ Suku Bunga/
Foreign Exchange Interest Rate
Rata-rata 4.589 6.577 Average
Tertinggi 35.152 18.324 Highest
Terendah 235 2.283 Lowest
Akhir periode 2.020 6.216 End of period
Risiko pasar non-trading Non-trading market risk
Risiko suku bunga Interest rate risk
2
Pengelolaan risiko suku bunga pada non trading Interest rate risk management in non-trading or
atau Banking Book dilakukan dengan menerapkan Banking Book is done by establishing an adequate
kebijakan dan prosedur yang memadai serta policies and procedures and risk limits settings on
penetapan limit-limit risiko pada Banking Book. banking book. Besides, the Bank also conducts
Selain itu, apabila dibutuhkan Bank juga hedging related to the risk management on banking
melakukan aktivitas lindung nilai (hedging) yang book by applying financial instruments, such as
terkait dengan pengelolaan risiko pada Banking derivative financial instruments that have been
Book dengan menggunakan instrumen-instrumen approved by ALCO and in accordance with the
keuangan, seperti halnya instrumen keuangan applicable regulations, and is used only to reduce
derivatif, yang telah disetujui oleh ALCO dan sesuai the risk on Banking Book and not as a source to
dengan peraturan dari regulator yang berlaku dan generate profit/revenue.
digunakan hanya untuk mengurangi risiko pada
Banking Book, bukan sebagai sumber untuk
menghasilkan suatu keuntungan /pendapatan.
Pengelolaan risiko pasar pada posisi Banking Book Market risk management for banking book or
atau Interest Rate Risk in the Banking Book (IRRBB) Interest Rate Risk in the Banking Book (IRRBB)
dilakukan dengan menggukan dua perspektif yaitu is carried out by using two perspectives, namely
perspektif nilai ekonomis (economic value) untuk the economic value perspective to measure the
mengukur dampak perubahan suku bunga terhadap impact of changes in interest rates on the
nilai ekonomis dari ekuitas Bank; dan persepektif economic value of Bank equity; and the
rentabilitas (earnings) untuk mengukur dampak profitability (earnings) perspective to measure the
perubahan suku bunga terhadap rentabilitas impact of changes in interest rates on the
(earnings) Bank. Pengelolaan Risiko IRRBB tersebut profitability (earnings) of the Bank. IRRBB Risk
dilakukan agar Bank dapat mengidentifikasi Risiko Management aims to identify Risks more
secara lebih akurat dan melakukan tindak lanjut accurately so that appropriate improvements can
perbaikan yang sesuai. Bank mengadopsi beberapa be made. The Bank adopts several measurement
teknik pengukuran yang ditranslasikan menjadi techniques which translate into controls in the
kontrol dalam pengelolaan IRRBB, baik untuk management of IRRBB, both for Internal
pengukuran Internal, Standar Regulator dan Grup. measurements, Regulator Standards and Group.
256
894 2024 Annual Report
Page 897
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko suku bunga (lanjutan) Interest rate risk (continued)
Tabel berikut menyajikan aset yang memperoleh The following table below presents the interest-
pendapatan bunga dan kewajiban yang earning assets and interest bearing liabilities (not for
memperoleh beban bunga (tidak dengan tujuan trading purposes) at carrying amounts, categorized
diperdagangkan) pada nilai tercatat, dikategorikan by the earlier contractual repricing or maturity dates:
berdasarkan tanggal kontraktual perubahan suku
bunga atau tanggal jatuh tempo, mana yang lebih
dahulu:
31 Desember/December 31, 2024
Sampai dengan Lebih dari
3 bulan/ 5 tahun/
50010000_02 Jumlah/ Up to 3 - 12 bulan/ 1 - 5 tahun/ More than
Total 3 months months years 5 years
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain 2.998.966 2.998.966 - - - Indonesia and other banks
Investasi keuangan 40.152.180 7.568.470 12.636.506 10.753.758 9.193.446 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 838.423 838.423 - - - resale agreements
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 120.388.581 75.009.153 14.122.997 21.416.111 9.840.320 receivables/financing
Piutang pembiayaan konsumen 7.192.434 68.844 744.950 6.275.271 103.369 Consumer financing receivables
171.570.584 86.483.856 27.504.453 38.445.140 19.137.135
Simpanan nasabah 119.003.891 80.990.194 14.845.577 7.771.281 15.396.839 Deposits from customers
Simpanan dari bank lain 6.020.257 6.020.257 - - - Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 14.803.086 14.803.086 - - - repurchased agreements
Surat berharga yang diterbitkan 3.713.750 - 299.664 1.297.967 2.116.119 Securities issued
Pinjaman diterima 14.426.809 4.891.792 4.830.730 4.504.287 200.000 Borrowings
Pinjaman subordinasi 99.484 - - - 99.484 Subordinated loan
158.067.277 106.705.329 19.975.971 13.573.535 17.812.442
31 Desember/December 31, 2023
Sampai dengan Lebih dari
3 bulan/ 5 tahun/
50010000_02 Jumlah/ Up to 3 - 12 bulan/ 1 - 5 tahun/ More than
Total 3 months months years 5 years
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain 2.496.502 2.496.502 - - - Indonesia and other banks
Investasi keuangan 30.751.974 5.641.019 6.587.975 9.619.094 8.903.886 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 2.333.122 2.333.122 - - - resale agreements
Kredit yang diberikan dan piutang/ Loans and Sharia
pembiayaan Syariah 108.056.277 73.121.910 9.657.753 17.019.771 8.256.843 receivables/financing
Piutang pembiayaan konsumen 7.945.729 37.115 684.131 7.106.303 118.180 Consumer financing receivables
151.583.604 83.629.668 16.929.859 33.745.168 17.278.909
Simpanan nasabah 115.502.508 76.911.366 14.905.358 7.174.098 16.511.686 Deposits from customers
Simpanan dari bank lain 4.782.896 4.138.645 644.251 - - Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 2.017.063 2.017.063 - - - repurchased agreements
Surat berharga yang diterbitkan 4.222.181 - 367.724 2.346.203 1.508.254 Securities issued
Pinjaman diterima 7.744.928 1.883.493 3.273.692 2.387.743 200.000 Borrowings
Pinjaman subordinasi 99.451 - - - 99.451 Subordinated loan
134.369.027 84.950.567 19.191.025 11.908.044 18.319.391
257
2024 Annual Report PT Bank Maybank Indonesia Tbk 895
Page 898
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko suku bunga (lanjutan) Interest rate risk (continued)
Dari profil net repricing gap ini dapat diukur From this repricing gap profile, it is possible to
pengaruh dari perubahan suku bunga terhadap: measure the impact of interest rate changes to:
1. Pendapatan Bunga Neto dengan 1. The Net Interest Income by using static or
menggunakan analisis static atau dynamic dynamic repricing gap analysis;
repricing gap;
2. Akrual atas pendapatan bunga dengan 2. Accrual or reported earning by using Earnings
menggunakan analisis Earning at Risk (EAR) at Risk or EAR analysis (earnings perspective);
(earnings perspective); dan and
3. Nilai ekonomis dari laporan posisi keuangan 3. The economic value of the statements of
Bank dengan menggunakan analisis Economic financial position or Bank's net worth by using
Value of Equity (EVE) (Economic Perspective). Economic Value of Equity (EVE) (Economic
Perspective).
Dengan diketahuinya dampak dari perubahan suku If there is change in interest rate that may affect the
bunga terhadap kinerja Bank, baik dari sisi Bank’s performance, both from earning and capital
pendapatan dan permodalan maka Bank akan dapat side, the Bank can immediately restructure its
segera merestruktur aset dan liabilitas yang dimiliki, assets and liabilities, either from its repricing date or
baik dari sisi jangka waktu penyesuaian suku interest rate type (Fixed or Variable), which are
bunganya (repricing date) ataupun jenis suku adjusted with the future interest rate changes
bunganya (Tetap atau Mengambang) yang projection, so that the risk arising can be mitigated.
disesuaikan dengan proyeksi perubahan suku
bunga di masa mendatang, sehingga risiko yang
timbul dapat dimitigasi.
Pengelolaan suku bunga yang berdasarkan The management of the interest rate risk based on
perspektif pendapatan bunga bersih, dilakukan earning perspective is conducted by measuring the
dengan mengukur sensitivitas aset dan liabilitas sensitivity of the Bank's financial assets and
keuangan Bank terhadap berbagai skenario liabilities against various standard and non-standard
perubahan suku bunga baik standar dan non- interest rate changes scenarios. In addition, the
standar. Di samping itu Bank juga melakukan stress Bank also performs stress test to see the Bank’s
test untuk melihat ketahanan atau sensitivitas Bank tenacity or sensitivity to face abnormal market
dalam menghadapi kondisi pasar yang tidak normal. condition.
Bank telah menetapkan berbagai limit untuk risiko Bank has set up several limits for interest rate risk,
suku bunga yaitu, Earning at Risk (EaR) Limit dan i.e, Earning at Risk (EaR) Limit and Economic Value
Economic Value of Equity (EVE) Limit untuk of Equity (EVE) Limit to ensure that interest rate risk
memastikan bahwa risiko suku bunga pada posisi in the Banking Book is prudently managed based on
Banking Book dikelola dengan hati-hati sesuai the determined risk appetite.
dengan risk appetite yang telah ditentukan.
258
896 2024 Annual Report
Page 899
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko suku bunga (lanjutan) Interest rate risk (continued)
Analisis atas sensitivitas Bank, berupa perubahan An analysis of the Bank's sensitivity, in terms of net
pendapatan bunga neto sampai dengan 1 tahun ke interest income changes for the whole 1 year ahead,
depan, atas kenaikan atau penurunan tingkat suku as an impact of the increase or decrease in market
bunga pasar, dengan asumsi bahwa tidak ada interest rates, by assuming no asymetrical
pergerakan asimetris pada kurva imbal hasil dan movement in curves and a constant statements of
posisi laporan posisi keuangan yang tetap adalah financial position are as follows:
sebagai berikut:
Kenaikan paralel 100 bp/ Penurunan paralel 100 bp/
100 bp parallel increase 100 bp parallel decrease
Efek pada laba rugi Efek pada ekuitas Efek pada laba rugi Efek pada ekuitas
sebelum pajak/ sebelum pajak/ sebelum pajak/ sebelum pajak/
Effect on profit and loss Effect on equity Effect on profit and loss Effect on equity
before tax before tax before tax before tax
Sensitivitas terhadap risiko Sensitivity to interest
suku bunga rate risk
Per tanggal 31 Desember 2024 As of December 31, 2024
Mata uang asing (94.036) 122.964 70.669 (144.601) Foreign currencies
Rupiah (386.917) (769.117) 196.856 846.576 Rupiah
Per tanggal 31 Desember 2023 As of December 31, 2023
Mata uang asing (41.527) 184.430 10.138 (219.784) Foreign currencies
Rupiah (202.120) (772.243) (19.097) 923.097 Rupiah
Bank telah memperbaharui sistem untuk mengukur Bank has updated the system for measuring and
dan mengelola risiko suku bunga pada posisi managing interest rate risk in the Banking Book
Banking Book sehingga metodologi yang lebih hence the more complex additional methodology to
kompleks untuk mengukur risiko bunga sesuai measure the interest rate in accordance with the
dengan standar yang ditetapkan oleh regulator standard method by regulator have been performed
sudah dapat dilakukan secara otomatis. automatically.
Terkait pengelolaan risiko suku bunga pada As for interest rate risk management for marketable
portofolio surat berharga, juga telah dilakukan securities portfolio, it has been performed optimally
secara optimal dimana Bank telah memiliki through adequacy of policy, procedure and
kebijakan, prosedur dan metodologi, serta proses methodology, daily monitoring process, and limit
monitoring yang dilakukan secara harian. Proses setting, such as limit position, PV01 limit, limit on
pengelolaan risiko dilakukan dengan menetapkan decrease of corporate bond price, limit on mark to
berbagai macam limit seperti limit posisi, limit PV01, market loss and year to date (YTD) loss limit and
limit penurunan harga obligasi korporasi, limit limit maximum selling amount per month of FVOCI
kerugian atas proses revaluasi (mark to market) dan portofolio.
limit kerugian (Year to Date - YTD Loss) dan limit
jumlah maksimum penjualan portofolio FVOCI
dalam 1 bulan.
259
2024 Annual Report PT Bank Maybank Indonesia Tbk 897
Page 900
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Pasar (lanjutan) Market Risk (continued)
Risiko pasar non-trading (lanjutan) Non-trading market risk (continued)
Risiko nilai tukar Foreign exchange risk
Risiko nilai tukar adalah risiko dimana nilai Foreign exchange risk is the risk that the value of a
instrumen keuangan akan berfluktuasi karena financial instrument will fluctuate due to changes in
perubahan dalam nilai tukar mata uang asing. Bank foreign exchange rates. The Bank has set limits on
telah menetapkan limit risiko nilai tukar berupa limit positions by currency. Positions are monitored on a
Posisi Devisa Neto ("PDN") konsolidasi terhadap daily basis and intra day basis, and hedging
modal Bank. Posisi tersebut dimonitor secara harian strategies will be used to ensure positions are
dan strategi lindung nilai (hedging) akan digunakan maintained within established limits.
untuk meyakinkan bahwa posisi dijaga agar dalam
batasan yang telah ditetapkan.
Bank telah mengelola posisi mata uang asing untuk The Bank manages its foreign currency position for
aset dan liabilitas keuangan yang dimiliki oleh Bank its financial assets and liabilities that are owned by
dengan memonitor Posisi Devisa Neto (“PDN"). Per the Bank by monitoring the Bank’s Net Open
tanggal 31 Desember 2024 dan 2023, PDN Bank Position (“NOP”). As of December 31, 2024 and
telah diungkapkan dalam Catatan 45b. 2023, the Bank’s NOP has been disclosed in
Note 45b.
Tabel di bawah menggambarkan posisi mata uang The table below indicates the Bank’s foreign
asing atas aset dan liabilitas moneter Bank per currencies position of monetary assets and liabilities
tanggal 31 Desember 2024 dan 2023 dimana Bank as of December 31, 2024 and 2023 which shows
memiliki eksposur risiko terhadap arus kas masa that the Bank has risk exposure in expected cash
depan. Analisis tersebut menghitung pengaruh dari flows. The analysis calculates the effect of a
pergerakan wajar mata uang asing yang reasonably possible movement of the currency rate
memungkinkan terhadap Rupiah, dengan seluruh against the Indonesian Rupiah, with all variables
variabel lain dianggap konstan, terhadap laporan held constant, on the statements of income (due to
laba-rugi (akibat adanya perubahan nilai wajar aset change in the fair value of currency sensitive
dan liabilitas moneter bank secara keseluruhan monetary assets and liabilities) and equity (due to
yang sensitif terhadap nilai tukar) dan ekuitas (akibat change in the fair value of assets and liabilities)
adanya perubahan nilai wajar atas aset dan liabilitas (before tax).
keuangan) (sebelum pajak).
Peningkatan 1% / Penurunan 1% /
1% increase 1% decrease
31 Desember 2024 December 31, 2024
Potensi (kerugian)/keuntungan Potential (losses)/gains on
perubahan nilai tukar (7.867) 7.867 exchange rate change
31 Desember 2023 December 31, 2023
Potensi (kerugian)/keuntungan Potential (losses)/gains on
perubahan nilai tukar (4.651) 4.651 exchange rate change
260
898 2024 Annual Report
Page 901
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Likuiditas Liquidity Risk
Risiko likuiditas dapat terjadi ketika sebuah bank Liquidity risk may arise once a bank is incapable to
tidak dapat memenuhi kewajiban finansialnya meet its financial obligation to the customer or
kepada nasabah atau pihak lawan secara tepat counterparty in timely manner and at a fair price.
waktu dengan biaya yang wajar. Manajemen risiko Liquidity risk management is crucial because it can
likuiditas merupakan hal yang sangat penting have a significant impact on business continuity.
karena dapat berdampak signifikan terhadap The Bank incessantly ensures that liquidity needs at
keberlangsungan bisnis. Bank senantiasa berupaya the present and in the future could be met vis-a-vis
memastikan bahwa setiap kebutuhan likuiditas dan in normal market condition as well as crisis period.
pendanaan saat ini dan masa mendatang dapat
terpenuhi baik dalam kondisi pasar normal maupun
kondisi krisis.
Dalam mengelola risiko likuiditas, unit kerja In managing liquidity ratio, risk management work
manajemen risiko bertanggung jawab untuk unit responsible for implementing policy,
mengimplementasikan kebijakan, metodologi metodology, measurement, monitoring and liquidity
pengukuran, pemantauan dan pelaporan eksposur risk exposure reporting and also monitoring
risiko likuiditas dan juga untuk memantau kepatuhan compliance of the guidelines for supporting function
terhadap pedoman-pedoman tersebut guna of Assets and Liabilities Committee (“ALCO”).
mendukung fungsi dari Assets and Liabilities
Committee (“ALCO”).
Langkah-langkah yang berkelanjutan telah Proper measures have been continually
dilakukan dalam mengelola risiko ini. Di sisi aset, implemented to manage this risk. On the asset side,
kebijakan untuk pembelian instrumen-instrumen policies for financial assets holding for the trading
keuangan untuk posisi trading book telah book are in place detailing the acceptable criteria for
ditetapkan, yang juga meliputi kriteria-kriteria atau trading and investment assets especially for highly
jenis-jenis aset yang dapat dibeli terutama aset-aset liquid assets. While on the liabilities side, the liability
yang sangat likuid, baik untuk trading maupun untuk mix in terms of type and tenor are likewise analyzed
investasi. Sementara itu di sisi liabilitas analisis on a continuous basis to ensure sufficient liquidity at
jenis-jenis liabilitas dan jangka waktunya selalu all times.
dilakukan secara konsisten agar likuiditas bisa
terjaga sepanjang waktu.
Pengelolaan likuiditas Bank dilakukan secara terpusat The Bank’s liquidity management is done centrally
oleh Treasury bekerjasama dengan unit-unit by Treasury cooperating with other
bisnis/pendukung lainnya, seperti antara lain unit bisnis business/supporting units, such as credit, funding,
perkreditan, pendanaan, operasional, teknologi operational, information technology, corporate
informasi, komunikasi perusahaan, communication, and risk management business
dan manajemen risiko. Dengan demikian, unit. Therefore, funding needs/availability arising
kebutuhan/ketersediaan pendanaan yang timbul dari from daily bank operaitonal activities can be
aktivitas operasional bank sehari-hari dapat dikelola managed well to maximize the Bank’s performance.
dengan baik untuk memaksimalkan kinerja Bank. Dan In addition, by good communication between
juga, dengan adanya kerjasama yang baik antar unit working unit, liquidity risk triggered by other risk
kerja, maka risiko likuiditas yang dipicu oleh kejadian events (credit risk, market risk, operational risk, legal
risiko lainnya (risiko kredit, risiko pasar, risiko risk, compliance risk, reputation risk and strategic
operasional, risiko hukum, risiko kepatuhan, risiko risk) can be detected and mitigated well and in
reputasi dan risiko stratejik) dapat dideteksi dan timely manner. Furthermore, new products/
dimitigasi dengan benar dan tepat waktu. Selanjutnya transactions/ activities that impact the bank's assets
produk-produk/transaksi-transaksi/aktivitas-aktivitas and liabilities should be adequately reviewed and
baru yang mengakibatkan adanya penambahan aset approved before such new product/
dan liabilitas, selalu melalui proses review dan transaction/activity is initiated.
persetujuan yang seksama sebelum
produk/transaksi/aktivitas baru tersebut dijalankan.
261
2024 Annual Report PT Bank Maybank Indonesia Tbk 899
Page 902
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Disamping itu bank juga telah menetapkan dan In addition, the Bank has determined and
menerapkan pengukuran risiko likuiditas, seperti implemented liquidity risk measurement, such as
berbagai rasio likuiditas, analisis gap likuiditas, dan various liquidity ratios, liquidity gap analysis and
stress testing, serta limit-limit likuiditas, seperti stress testing and the liquidity risk limits, such as
Liquidity Coverage Ratio (LCR), Net Stable Funding Liquidity Coverage Ratio (LCR), Net Stable Funding
Ratio (NSRF), Operating Cash Flow (OCF) Limit, Ratio (NSRF), the Operating Cash Flow (OCF)
Interbank taking limit, FX swap funding limit, Limit, Interbank taking limit, FX swap funding limit,
secondary reserve limit, limit 50 deposan terbesar secondary reserve limit, top 50 depositors limit and
dan limit-limit likuiditas lainnya, yang semuanya other liquidity limits have been set up, to ensure
bertujuan untuk mengendalikan risiko likuiditas agar prudent bank wide liquidity risk in accordance with
sesuai dengan risk appetite yang telah ditetapkan. the determined risk appetite.
Bank dalam memperkuat penerapan manajemen To strengthen liquidity risk management
risiko likuiditas telah menetapkan dan menguji implementation, the Bank has set up and examined
secara berkala Rencana Pendanaan Darurat (LCP) Liquidity Contingency Plan (LCP) to ensure the
untuk memastikan kesiapan Bank dalam Bank's readiness to face liquidity crisis, including
menghadapi krisis likuiditas, termasuk di dalamnya monitoring process of various early warning
adalah proses monitoring atas berbagai indikator indicator performed daily.
peringatan dini (Early Warning Indicator - EWI) krisis
likuiditas yang dilakukan secara harian.
Bank juga telah menyusun Rencana Pemulihan Banks also have Recovery Plan that designed to
(Recovery Plan) yang dibuat untuk identify the credible options in order to recover from
mengidentifikasikan opsi-opsi yang kredibel agar the financial crisis problems that may occur. This
dapat pulih dari krisis atau permasalahan keuangan Recovery Plan includes an executive summary, an
yang mungkin terjadi. Rencana aksi ini mencakup overview of the Bank, the recovery option for each
ringkasan eksekutif, gambaran umum Bank, opsi indicator which are capital, liquidity, profitability, and
pemulihan (recovery options) untuk setiap indikator asset quality as well as the disclosure of the
yaitu permodalan, likuiditas, profitabilitas, dan recovery plan.
kualitas aset serta pengungkapan rencana
pemulihan.
Selain itu beberapa langkah stategis telah diambil Several strategic actions have been taken to
dalam memitigasi risiko likuiditas dan pendanaan, mitigate liquidity risk and funding, among others, by
antara lain dengan cara merestrukturisasi sumber restructuring the source and duration of funding
dan jangka waktu pendanaan melalui penerbitan through the issuance of bonds and subordinated
obligasi dan obligasi subordinasi dalam mata uang bonds denominated in Rupiah. On the other hand,
Rupiah. Di sisi lain, Bank senantiasa mencari the Bank is always looking for potential long-term
potensi pinjaman bilateral jangka panjang guna bilateral loans to support the credit growth in USD
mendukung pertumbuhan kredit dalam mata uang currency.
USD.
Analisis jatuh tempo aset dan liabilitas Bank yang The maturity analysis of assets and liabilities related
berkaitan dengan risiko likuiditas merujuk ke to liquidity risk of the Bank referred to
Catatan 54a. Note 54a.
262
900 2024 Annual Report
Page 903
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Tabel di bawah ini menunjukkan sisa jatuh tempo The table below shows the remaining contractual
kontraktual dari liabilitas keuangan berdasarkan maturities of financial liabilities based on
pada arus kas yang tidak didiskonto: undiscounted cashflow:
31 Desember/December 31, 2024
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 6 bulan 1 tahun 3 tahun
s/d 3 bulan/ s/d 6 bulan/ s/d 1 tahun/ s/d 3 tahun/ s/d 5 tahun/ Lebih dari
Sampai dengan More than More than More than More than More than 5 tahun/
50010000_02 1 bulan/ 1 month 3 months 6 months 1 year 3 years More than Jumlah/
Up to 1 month until 3 months until 6 months until 1 year until 3 years until 5 years 5 years Total
LIABILITAS LIABILITIES
Obligations due
Liabiltas segera 1.070.575 - - - - - - 1.070.575 immediately
Simpanan nasabah 86.941.472 22.311.054 6.498.839 3.867.595 240.519 98.451 91.797 120.049.727 Deposits from customers
Simpanan dari bank lain 6.036.982 - - - - - - 6.036.982 Deposits from other banks
Efek-efek yang dijual Securities sold under
dengan janji dibeli kembali 14.803.086 - - - - - - 14.803.086 repurchased agreements
Liabilitas derivatif 1.356.421 - - - - - - 1.356.421 Derivatives payable
Liabilitas akseptasi 1.416.229 - - - - - - 1.416.229 Acceptances payable
Surat berharga yang
diterbitkan 20.956 16.935 1.383.336 345.159 2.265.288 - - 4.031.674 Securities issued
Pinjaman diterima 890.573 4.503.587 1.659.655 3.355.636 4.077.822 359.772 - 14.847.045 Borrowings
Beban yang masih harus
dibayar dan liabilitas Accrued expenses and
lain-lain*) 275.929 - - - - - - 275.929 other liabilities*)
Pinjaman subordinasi - - - - - - 107.384 107.384 Subordinated loan
Jumlah 112.812.223 26.831.576 9.541.830 7.568.390 6.583.629 458.223 199.181 163.995.052 Total
31 Desember/December 31, 2023
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 6 bulan 1 tahun 3 tahun
s/d 3 bulan/ s/d 6 bulan/ s/d 1 tahun/ s/d 3 tahun/ s/d 5 tahun/ Lebih dari
Sampai dengan More than More than More than More than More than 5 tahun/
50010000_02 1 bulan/ 1 month 3 months 6 months 1 year 3 years More than Jumlah/
Up to 1 month until 3 months until 6 months until 1 year until 3 years until 5 years 5 years Total
LIABILITAS LIABILITIES
Obligations due
Liabiltas segera 1.076.598 - - - - - - 1.076.598 immediately
Simpanan nasabah 86.566.367 18.551.484 6.112.888 4.693.241 403.554 74.004 82.368 116.483.906 Deposits from customers
Simpanan dari bank lain 3.879.101 262.460 16.001 644.151 - - - 4.801.713 Deposits from other banks
Efek-efek yang dijual Securities sold under
dengan janji dibeli kembali 1.670.560 346.503 - - - - - 2.017.063 repurchased agreements
Liabilitas derivatif 963.141 - - - - - - 963.141 Derivatives payable
Liabilitas akseptasi 512.039 - - - - - - 512.039 Acceptances payable
Surat berharga yang
diterbitkan 27.708 - 248.886 1.484.203 2.457.385 427.523 - 4.645.705 Securities issued
Pinjaman diterima 778.188 1.620.523 1.068.394 2.176.957 1.996.717 551.353 - 8.192.132 Borrowings
Beban yang masih harus
dibayar dan liabilitas Accrued expenses and
lain-lain*) 263.193 - - - - - - 263.193 other liabilities*)
Pinjaman subordinasi - - - - - - 107.351 107.351 Subordinated loan
Jumlah 95.736.895 20.780.970 7.446.169 8.998.552 4.857.656 1.052.880 189.719 139.062.841 Total
*) Beban yang masih harus dibayar dan liabilitas lain-lain terdiri atas bunga yang masih *) Accrued expenses and other liabilities consists of accrued interests
harus dibayar
263
2024 Annual Report PT Bank Maybank Indonesia Tbk 901
Page 904
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
Tabel di bawah ini menyajikan perbandingan atas The table below presents the comparison by class
nilai tercatat dengan nilai wajar dari instrumen of the carrying amounts and fair value of the
keuangan konsolidasian yang tercatat dalam laporan consolidated financial instruments that are
keuangan. recognized in the financial statements.
31 Desember/December 31, 2024
Nilai tercatat/Carrying value
Nilai wajar
melalui
Biaya penghasilan
Nilai wajar perolehan komprehensif
melalui laba diamortisasi lainnya/
rugi/ lainnya/ Fair value Jumlah
Fair value Other through other nilai
through amortized comprehensive tercatat/ Nilai wajar/
profit or loss cost income Carrying value Fair value
Aset keuangan: Financial assets:
Current accounts with Bank
Giro pada Bank Indonesia - 10.696.358 - 10.696.358 10.696.358 Indonesia
Giro pada bank lain - 2.570.841 - 2.570.841 2.570.841 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain - 2.998.966 - 2.998.966 2.998.966 and other banks
Efek-efek yang diperdagangkan 1.941.629 - - 1.941.629 1.941.629 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan diamortisasi - 4.247.360 - 4.247.360 4.234.264 Amortized cost -
- Nilai wajar melalui Fair value through other -
penghasilan komprehensif lain - - 35.708.623 35.708.623 35.708.623 comprehensive income
- Penyertaan saham - - 195.182 195.182 195.182 Investments in shares -
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali - 838.276 - 838.276 838.276 under resale agreements
Tagihan derivatif 1.381.431 - - 1.381.431 1.381.431 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah - 116.485.643 - 116.485.643 121.580.454 receivables/financing
Piutang pembiayaan Consumer financing
konsumen - 7.075.948 - 7.075.948 8.019.120 receivables
Tagihan akseptasi - 1.571.065 - 1.571.065 1.571.065 Acceptance receivables
Beban dibayar dimuka dan Prepayments and
aset lain-lain*) - 1.071.613 - 1.071.613 1.071.613 other assets*)
Jumlah aset 3.323.060 147.556.070 35.903.805 186.782.935 192.807.822 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas segera - 1.070.575 - 1.070.575 1.070.575 Obligation due immediately
Simpanan nasabah - 119.003.891 - 119.003.891 119.003.891 Deposits from customers
Simpanan dari bank lain - 6.020.257 - 6.020.257 6.020.257 Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali - 14.803.086 - 14.803.086 14.803.086 repurchased agreements
Liabilitas derivatif 1.356.421 - - 1.356.421 1.356.421 Derivatives payable
Liabilitas akseptasi - 1.416.229 - 1.416.229 1.416.229 Acceptance payables
Surat berharga yang diterbitkan - 3.713.750 - 3.713.750 3.707.594 Securities issued
Pinjaman diterima - 14.426.809 - 14.426.809 14.473.489 Borrowings
Beban yang masih harus dibayar Accrued expenses and other
dan liabilitas lain-lain**) - 275.929 - 275.929 275.929 liabilities**)
Pinjaman subordinasi - 99.484 - 99.484 99.484 Subordinated loan
Jumlah liabilitas 1.356.421 160.830.010 - 162.186.431 162.226.955 Total liabilities
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto *) Prepayments and other assets consist of interests receivable-net and
dan tagihan card center dan Mastercard card center receivables and Mastercard
**) Beban yang masih harus dibayar dan liabilitas lain-lain terdiri atas bunga **) Accrued expenses and other liabilities consists of accrued interests
yang masih harus dibayar
264
902 2024 Annual Report
Page 905
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
(lanjutan) (continued)
31 Desember/December 31, 2023
Nilai tercatat/Carrying value
Nilai wajar
melalui
Biaya penghasilan
Nilai wajar perolehan komprehensif
melalui laba diamortisasi lainnya/
rugi/ lainnya/ Fair value Jumlah
Fair value Other through other nilai
through amortized comprehensive tercatat/ Nilai wajar/
profit or loss cost income Carrying value Fair value
Aset keuangan: Financial assets:
Current accounts with Bank
Giro pada Bank Indonesia - 8.152.106 - 8.152.106 8.152.106 Indonesia
Giro pada bank lain - 2.192.282 - 2.192.282 2.192.282 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain - 2.494.486 - 2.494.486 2.494.486 and other banks
Efek-efek yang diperdagangkan 1.297.687 - - 1.297.687 1.297.687 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan diamortisasi - 5.395.292 - 5.395.292 5.392.876 Amortized cost -
- Nilai wajar melalui Fair value through other -
penghasilan komprehensif lain - - 25.188.492 25.188.492 25.188.492 comprehensive income
- Penyertaan saham - - 167.793 167.793 167.793 Investments in shares -
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali - 2.333.072 - 2.333.072 2.333.072 under resale agreements
Tagihan derivatif 980.991 - - 980.991 980.991 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah - 104.679.464 - 104.679.464 109.884.655 receivables/financing
Piutang pembiayaan Consumer financing
konsumen - 7.800.441 - 7.800.441 8.664.466 receivables
Tagihan akseptasi - 785.630 - 785.630 785.630 Acceptance receivables
Beban dibayar dimuka dan Prepayments and
aset lain-lain*) - 1.017.013 - 1.017.013 1.017.013 other assets*)
Jumlah aset 2.278.678 134.849.786 25.356.285 162.484.749 168.551.549 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas segera - 1.076.598 - 1.076.598 1.076.598 Obligation due immediately
Simpanan nasabah - 115.502.508 - 115.502.508 115.502.508 Deposits from customers
Simpanan dari bank lain - 4.782.896 - 4.782.896 4.782.896 Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali - 2.017.063 - 2.017.063 2.017.063 repurchased agreements
Liabilitas derivatif 963.141 - - 963.141 963.141 Derivatives payable
Liabilitas akseptasi - 512.039 - 512.039 512.039 Acceptance payables
Surat berharga yang diterbitkan - 4.222.181 - 4.222.181 4.218.728 Securities issued
Pinjaman diterima - 7.744.928 - 7.744.928 7.954.352 Borrowings
Beban yang masih harus dibayar Accrued expenses and other
dan liabilitas lain-lain**) - 263.193 - 263.193 263.193 liabilities**)
Pinjaman subordinasi - 99.451 - 99.451 99.451 Subordinated loan
Jumlah liabilitas 963.141 136.220.857 - 137.183.998 137.389.969 Total liabilities
*) Beban dibayar dimuka dan aset lain-lain terdiri atas piutang bunga-neto *) Prepayments and other assets consist of interests receivable-net and
dan tagihan card center dan Mastercard card center receivables and Mastercard
**) Beban yang masih harus dibayar dan liabilitas lain-lain terdiri atas bunga **) Accrued expenses and other liabilities consists of accrued interests
yang masih harus dibayar
265
2024 Annual Report PT Bank Maybank Indonesia Tbk 903
Page 906
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
(lanjutan) (continued)
Berikut metode dan asumsi yang digunakan oleh The following methods and assumptions are used
Bank dan entitas anaknya untuk perkiraan nilai by the Bank and subsidiaries to estimate the fair
wajar: value of financial instruments:
Nilai wajar aset dan liabilitas keuangan tertentu Fair values of certain financial assets and liabilities
selain derivatif, efek-efek dengan biaya perolehan other than derivatives, amortized cost securities,
yang diamortisasi, piutang pembiayaan konsumen, consumer financing receivables, loans and sharia
kredit yang diberikan dan piutang/pembiayaan receivables/financing, borrowings and securities
syariah, pinjaman diterima dan surat berharga yang issued (call money > 90 days) are approximately the
diterbitkan (call money > 90 hari) mendekati nilai same with their carrying amounts due to the short-
tercatat karena instrumen keuangan tersebut term maturities of these financial instruments.
memiliki jangka waktu jatuh tempo yang singkat.
Nilai wajar tagihan dan liabilitas derivatif dihitung The fair value of derivatives receivable and payable
berdasarkan metodologi yang dijelaskan dalam are calculated based on methodology as disclosed
Catatan 2k dan 11. in Notes 2k and 11.
Nilai wajar dari pinjaman diterima dihitung The fair value of borrowings is calculated using
menggunakan diskonto arus kas berdasarkan discounted cash flows using market interest rate.
tingkat suku bunga pasar.
Nilai wajar untuk surat berharga yang diterbitkan The fair value of securities issued and subordinated
dan obligasi subordinasi dihitung menggunakan nilai bonds are calculated using prevailing market price.
pasar yang berlaku.
Nilai wajar dari kredit yang diberikan dan The fair value of loans and sharia
piutang/pembiayaan syariah, efek-efek dengan receivables/financing, amortized cost securities and
biaya perolehan yang diamortisasi dan piutang consumer financing receivables are determined by
pembiayaan konsumen dinilai menggunakan discounting cash flows using current market interest
diskonto arus kas berdasarkan tingkat suku bunga rate.
pasar terkini.
Tabel di bawah ini menyajikan instrumen keuangan The table below shows the financial instruments
yang diakui pada nilai wajar berdasarkan hirarki recognized at fair value based on the hierarchy used
yang digunakan Bank untuk menentukan dan by the Bank in determining and disclosing the fair
mengungkapkan nilai wajar dari instrumen value of financial instruments:
keuangan:
(i) Tingkat 1: Harga kuotasian (tanpa (i) Level 1: Quoted prices (unadjusted) in active
penyesuaian) di pasar aktif untuk aset atau markets for identical asset or liabilities;
liabilitas yang identik;
(ii) Tingkat 2: Teknik lain atas semua input yang (ii) Level 2: Other techniques for which all inputs
memiliki efek signifikan terhadap nilai wajar which have a significant effect on the recorded
yang tercatat dapat diobservasi, baik secara fair value are observable, either directly or
langsung maupun tidak langsung; indirectly;
(iii) Tingkat 3: Teknik yang menggunakan input (iii) Level 3: Techniques which use inputs that have a
yang memiliki pengaruh signifikan terhadap nilai significant effect on the recorded fair value that
wajar yang tercatat yang tidak berdasarkan are not based on observable market data.
data pasar yang dapat diobservasi.
266
904 2024 Annual Report
Page 907
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
52. NILAI WAJAR INSTRUMEN KEUANGAN 52. FAIR VALUE OF FINANCIAL INSTRUMENTS
(lanjutan) (continued)
31 Desember/December 31, 2024
Nilai wajar/Fair value
Jumlah nilai
tercatat/ Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
Total carrying Level 1 Level 2 Level 3 Total
amount
Aset keuangan: Financial assets:
Efek-efek yang diperdagangkan 1.941.629 1.941.629 - - 1.941.629 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan diamortisasi 4.247.360 2.514.938 - 1.719.326 4.234.264 Amortized cost -
- Nilai wajar melalui penghasilan Fair value through -
komprehensif lain 35.708.623 35.662.370 46.253 - 35.708.623 comprehensive income
- Penyertaan saham 195.182 - - 195.182 195.182 Investments in shares -
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 838.276 - - 838.276 838.276 resale agreement
Tagihan derivatif 1.381.431 - 1.381.431 - 1.381.431 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah 116.485.643 - - 121.580.454 121.580.454 receivables/financing
Piutang pembiayaan Consumer financing
konsumen 7.075.948 - - 8.019.120 8.019.120 receivables
Jumlah aset 167.874.092 40.118.937 1.427.684 132.352.358 173.898.979 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas derivatif 1.356.421 - 1.356.421 - 1.356.421 Derivatives payable
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 14.803.086 - 14.803.086 - 14.803.086 repurchased agreement
Surat berharga yang diterbitkan 3.713.750 - 3.707.594 - 3.707.594 Securities issued
Pinjaman diterima 14.426.809 - 14.473.489 - 14.473.489 Borrowings
Pinjaman subordinasi 99.484 - 99.484 - 99.484 Subordinated loan
Jumlah liabilitas 34.399.550 - 34.440.074 - 34.440.074 Total liabilities
31 Desember/December 31, 2023
Nilai wajar/Fair value
Jumlah nilai
tercatat/ Tingkat 1/ Tingkat 2/ Tingkat 3/ Jumlah/
Total carrying Level 1 Level 2 Level 3 Total
amount
Aset keuangan: Financial assets:
Efek-efek yang diperdagangkan 1.297.687 1.297.687 - - 1.297.687 Trading securities
Investasi keuangan Financial investments
- Biaya perolehan diamortisasi 5.395.292 4.982.562 - 410.314 5.392.876 Amortized cost -
- Nilai wajar melalui penghasilan Fair value through other -
komprehensif lain 25.188.492 24.891.566 296.926 - 25.188.492 comprehensive income
- Penyertaan saham 167.793 - - 167.793 167.793 Investments in shares -
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 2.333.072 - - 2.333.072 2.333.072 resale agreement
Tagihan derivatif 980.991 - 980.991 - 980.991 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah 104.679.464 - - 109.884.655 109.884.655 receivables/financing
Piutang pembiayaan Consumer financing
konsumen 7.800.441 - - 8.664.466 8.664.466 receivables
Jumlah aset 147.843.232 31.171.815 1.277.917 121.460.300 153.910.032 Total assets
Liabilitas keuangan: Financial liabilities:
Liabilitas derivatif 963.141 - 963.141 - 963.141 Derivatives payable
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 2.017.063 - 2.017.063 - 2.017.063 repurchased agreement
Surat berharga yang diterbitkan 4.222.181 - 4.218.728 - 4.218.728 Securities issued
Pinjaman diterima 7.744.928 - 7.954.352 - 7.954.352 Borrowings
Pinjaman subordinasi 99.451 - 99.451 - 99.451 Subordinated loan
Jumlah liabilitas 15.046.764 - 15.252.735 - 15.252.735 Total liabilities
267
2024 Annual Report PT Bank Maybank Indonesia Tbk 905
Page 908
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. MANAJEMEN MODAL 53. CAPITAL MANAGEMENT
Tujuan utama dari kebijakan Bank atas kebijakan The primary objectives of the Bank’s capital
pengelolaan modal adalah untuk memastikan management policy are to ensure that it has a
bahwa Bank memiliki modal yang kuat untuk strong capital to support the Bank’s current
mendukung strategi pengembangan ekspansi business expansion strategy, to sustain future
usaha Bank saat ini, mempertahankan development of the business, to meet regulator
kelangsungan pengembangan di masa mendatang, capital adequacy requirements and also to ensure
untuk memenuhi ketentuan kecukupan permodalan the efficiency of Bank’s capital structure.
yang ditetapkan oleh regulator serta memastikan
agar struktur permodalan Bank telah efisien.
Bank menyusun Rencana Permodalan berdasarkan The Bank undertakes Capital Planning based on
penilaian dan penelaahan atas kebutuhan assessment and review of the capital situation in
kecukupan permodalan yang dipersyaratkan dan terms of the legal capital adequacy requirement,
mengkombinasikannya dengan tinjauan combined with assessment of economic outlooks
perkembangan ekonomi terkini dan hasil dari and stress test result. The Bank will continue to link
metode stress test. Bank senantiasa akan financial and capital adequacy goals to risk appetite
menghubungkan tujuan keuangan dan kecukupan through the capital planning process and stress
modal terhadap risk appetite melalui proses testing method as well as assess the businesses
perencanaan modal dan stress test, begitu pula based on Bank’s capital and liquidity requirements.
dengan bisnis yang didasarkan pada permodalan
dan persyaratan likuiditas Bank.
Kebutuhan permodalan Bank juga direncanakan The capital needs of the Bank are also discussed
dan didiskusikan secara rutin yang didukung dengan and planned on a routine basis supported by data
data analisis. analysis.
Rencana Permodalan disusun oleh Direksi sebagai Capital Planning is prepared by Board of Directors
bagian dari Rencana Bisnis Bank dan disetujui oleh as part of Bank’s Business Plan and is approved by
Dewan Komisaris. Perencanaan ini diharapkan akan the Board of Commissioners. Capital Planning
memastikan tersedianya modal yang cukup dan ensures that adequate levels of capital and an
terciptanya struktur permodalan yang optimal optimum mix of the different components of capital
berdasarkan komponen permodalan yang berbeda are maintained to support Bank’s strategy.
untuk mendukung strategi Bank.
Bank telah melakukan perhitungan kecukupan The Bank calculates its capital adequacy
modal berdasarkan ketentuan yang berlaku, yaitu requirements based on the prevailing regulation,
POJK Nomor 11/POJK.03/2016 tentang Kewajiban POJK Number 11/POJK.03/2016 regarding the
Penyediaan Modal Minimum Bank Umum. Modal Mandatory Minimum Capital Requirements for
yang dimiliki terdiri atas modal inti (Tier 1) dan modal Commercial Banks. The capital consists of Tier 1
pelengkap (Tier 2). Modal inti (Tier 1) meliputi modal Capital and Tier 2 Capital. Tier 1 Capital consists of
inti utama dan modal inti tambahan. Common Equity Tier 1 and Additional Tier 1
Capital.
Bank telah meningkatkan modal melalui rights issue The Bank had raised share capital through rights
sebesar Rp1.407.050 pada bulan April 2010, issuances of Rp1,407,050 in April 2010,
sebesar Rp1.500.854 pada bulan Juli 2013, sebesar Rp1,500,854 in July 2013, Rp1,497,204 in
Rp1.497.204 pada bulan Desember 2014 dan December 2014 and Rp1,998,532 in June 2018.
sebesar Rp1.998.532 pada bulan Juni 2018. Bank The Bank has also recently completed a
juga telah menyelesaikan penerbitan Obligasi Subordinated Debt issuance realisation of
Subordinasi dengan realisasi sebesar Rp1.500.000 Rp1,500,000 in May 2011, Rp500,000 in
pada bulan Mei 2011, Rp500.000 pada bulan December 2011, Rp1,000,000 in October 2012,
Desember 2011, Rp1.000.000 pada bulan Oktober Rp1,500,000 in July 2014 and Rp800,000 in June
2012, Rp1.500.000 pada bulan Juli 2014 dan 2016.
Rp800.000 pada bulan Juni 2016.
268
906 2024 Annual Report
Page 909
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
53. MANAJEMEN MODAL (lanjutan) 53. CAPITAL MANAGEMENT (continued)
Informasi tambahan manajemen modal yang The following additional information capital
merupakan informasi yang disyaratkan oleh regulasi management that is required by applicable
yang berlaku dan bukan/tidak merupakan informasi regulations and is not required by Indonesian
yang dipersyaratkan oleh Standar Akuntansi Accounting Standards is disclosed in Note 57.
Indonesia diungkapkan pada Catatan 57.
54. INFORMASI LAINNYA 54. OTHER INFORMATION
a. Analisa jatuh tempo aset dan liabilitas (sebelum a. Maturity analysis of assets and liabilities (before
cadangan kerugian penurunan nilai) berdasarkan allowance for impairment losses) based on the
jangka waktu kontraktual yang tersisa sejak remaining contractual period from December 31,
tanggal 31 Desember 2024 dan 2023 sampai 2024 and 2023, until maturity are as follows:
dengan jatuh tempo adalah sebagai berikut:
31 Desember/December 31, 2024
Tidak
mempunyai Lebih dari Lebih dari Lebih dari
tanggal 1 bulan s/d 3 bulan s/d 6 bulan s/d
jatuh tempo Sampai 3 bulan/ 6 bulan/ 12 bulan/
kontraktual/ dengan More than More than More than Lebih dari
No 1 bulan/ 1 month 3 months 6 months 12 bulan/
50010000_02 contractual Up to until until until More than Jumlah/
maturity 1 month 3 months 6 months 12 months 12 months Total
Aset Assets
Kas 1.861.870 - - - - - 1.861.870 Cash
Current accounts with
Giro pada Bank Indonesia - 10.696.358 - - - - 10.696.358 Bank Indonesia
Giro pada bank lain - 2.571.949 - - - - 2.571.949 Current accounts with other banks
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain - 2.998.966 - - - - 2.998.966 Indonesia and other banks
Efek-efek yang diperdagangkan - 573.642 81.193 11.581 914.743 360.470 1.941.629 Trading securities
Investasi keuangan 195.182 6.025.405 2.323.200 5.756.090 6.393.498 19.458.805 40.152.180 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali - neto - 838.423 - - - - 838.423 resale agreement - net
Tagihan derivatif - 208.807 98.660 20.517 6.573 1.046.874 1.381.431 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah - 7.147.247 7.790.903 8.783.233 24.716.070 71.951.128 120.388.581 receivables/financing
Piutang pembiayaan konsumen - 37.103 61.963 176.674 873.156 6.043.538 7.192.434 Consumer financing receivables
Tagihan akseptasi - 292.688 632.855 640.329 8.369 - 1.574.241 Acceptances receivable
Beban dibayar dimuka dan Prepayments and
aset lain-lain 975.795 3.912.745 - - - - 4.888.540 other assets
Jumlah aset 3.032.847 35.303.333 10.988.774 15.388.424 32.912.409 98.860.815 196.486.602 Total assets
Liabilitas Liabilities
Liabilitas segera - 1.070.575 - - - - 1.070.575 Obligations due immediately
Giro - 39.599.829 - - - - 39.599.829 Demand deposits
Tabungan - 23.302.338 - - - - 23.302.338 Savings deposits
Deposito berjangka - 27.653.759 18.491.365 6.351.325 3.579.589 25.686 56.101.724 Time deposits
Simpanan dari bank lain - 5.650.596 105.266 12.500 251.895 - 6.020.257 Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali - neto - 14.803.086 - - - - 14.803.086 repurchased agreement - net
Liabilitas derivatif - 60.648 288.818 515.104 212.364 279.487 1.356.421 Derivatives payable
Liabilitas akseptasi - 281.955 589.845 536.060 8.369 - 1.416.229 Acceptances payable
Surat berharga yang diterbitkan - - 799.865 434.870 1.277.117 1.201.898 3.713.750 Securities issued
Pinjaman diterima - 2.394.203 2.772.786 1.239.315 2.703.485 5.317.020 14.426.809 Borrowings
Beban yang masih harus dibayar Accrued expenses and
dan liabilitas lain-lain 140.738 1.490.097 40 1.243 28.237 2.084.266 3.744.621 other liabilities
Pinjaman subordinasi - - - - - 99.484 99.484 Subordinated loan
Jumlah liabilitas 140.738 116.307.086 23.047.985 9.090.417 8.061.056 9.007.841 165.655.123 Total liabilities
Aset/(liabilitas) neto 2.892.109 (81.003.753) (12.059.211) 6.298.007 24.851.353 89.852.974 30.831.479 Net assets/(liabilities)
269
2024 Annual Report PT Bank Maybank Indonesia Tbk 907
Page 910
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
54. INFORMASI LAINNYA (lanjutan) 54. OTHER INFORMATION (continued)
a. Analisa jatuh tempo aset dan liabilitas (sebelum a. Maturity analysis of assets and liabilities (before
cadangan kerugian penurunan nilai) berdasarkan allowance for impairment losses) based on the
jangka waktu kontraktual yang tersisa sejak remaining contractual period from December 31,
tanggal 31 Desember 2024 dan 2023 sampai 2024 and 2023, until maturity are as follows:
dengan jatuh tempo adalah sebagai berikut : (continued)
(lanjutan)
31 Desember/December 31, 2023
Tidak
mempunyai Lebih dari Lebih dari Lebih dari
tanggal 1 bulan s/d 3 bulan s/d 6 bulan s/d
jatuh tempo Sampai 3 bulan/ 6 bulan/ 12 bulan/
kontraktual/ dengan More than More than More than Lebih dari
No 1 bulan/ 1 month 3 months 6 months 12 bulan/
contractual Up to until until until More than Jumlah/
maturity 1 month 3 months 6 months 12 months 12 months Total
Aset Assets
Kas - 1.570.030 - - - - 1.570.030 Cash
Current accounts with
Giro pada Bank Indonesia - 8.152.106 - - - - 8.152.106 Bank Indonesia
Giro pada bank lain - 2.194.092 - - - - 2.194.092 Current accounts with other banks
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain - 2.496.502 - - - - 2.496.502 Indonesia and other banks
Efek-efek yang diperdagangkan - 385.933 11.688 3.167 6.790 890.109 1.297.687 Trading securities
Investasi keuangan 167.793 1.923.890 3.820.880 2.448.683 4.436.696 17.954.032 30.751.974 Financial investments
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali - neto - 2.333.122 - - - - 2.333.122 resale agreement - net
Tagihan derivatif - 135.715 244.060 189.621 75.370 336.225 980.991 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah - 6.401.568 7.617.929 8.479.308 19.574.058 65.983.414 108.056.277 receivables/financing
Piutang pembiayaan konsumen - 16.119 60.438 199.799 834.014 6.835.359 7.945.729 Consumer financing receivables
Tagihan akseptasi - 226.868 273.419 286.408 - - 786.695 Acceptances receivable
Beban dibayar dimuka dan Prepayments and
aset lain-lain 958.133 3.177.143 - - - - 4.135.276 other assets
Jumlah aset 1.125.926 29.013.088 12.028.414 11.606.986 24.926.928 91.999.139 170.700.481 Total assets
Liabilitas Liabilities
Liabilitas segera - 1.076.598 - - - - 1.076.598 Obligations due immediately
Giro - 35.753.133 - - - - 35.753.133 Demand deposits
Tabungan - 23.243.230 - - - - 23.243.230 Savings deposits
Deposito berjangka - 29.629.227 16.620.175 5.893.429 4.349.149 14.165 56.506.145 Time deposits
Simpanan dari bank lain - 3.887.251 251.519 15.640 628.486 - 4.782.896 Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali - neto - 1.670.560 346.503 - - - 2.017.063 repurchased agreement - net
Liabilitas derivatif - 85.004 40.071 304.809 236.004 297.253 963.141 Derivatives payable
Liabilitas akseptasi - 151.311 167.146 193.582 - - 512.039 Acceptances payable
Surat berharga yang diterbitkan - - - 1.042.352 565.455 2.614.374 4.222.181 Securities issued
Pinjaman diterima - 700.322 1.232.952 795.049 1.880.674 3.135.931 7.744.928 Borrowings
Beban yang masih harus dibayar Accrued expenses and
dan liabilitas lain-lain 120.203 1.523.695 - 292 20.396 2.026.420 3.691.006 other liabilities
Pinjaman subordinasi - - - - - 99.451 99.451 Subordinated loan
Jumlah liabilitas 120.203 97.720.331 18.658.366 8.245.153 7.680.164 8.187.594 140.611.811 Total liabilities
Aset/(liabilitas) neto 1.005.723 (68.707.243) (6.629.952) 3.361.833 17.246.764 83.811.545 30.088.670 Net assets/(liabilities)
270
908 2024 Annual Report
Page 911
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
54. INFORMASI LAINNYA (lanjutan) 54. OTHER INFORMATION (continued)
Langkah yang diambil oleh Bank dan entitas anak In relation to the mismatch of the Bank and
sehubungan dengan ketidaksesuaian aset dan subsidiaries’ monetary assets and liabilities that
liabilitas moneter yang jatuh tempo sampai dengan mature up to one month and between one and three
satu bulan dan antara satu sampai dengan tiga months, the Bank has plans to improve its services
bulan, adalah meningkatkan pelayanan kepada to customers, to offer interesting products and
nasabah serta menawarkan produk dan bunga yang interests to customers to maintain stability and
menarik kepada nasabah untuk menjaga stabilitas continuity in deposit amounts. In addition, the Bank
dan kontinuitas jumlah simpanan. Di samping itu, and subsidiaries has intensified its efforts in the
Bank dan entitas anak juga mengintensifkan usaha collection of non-performing debtors and is in the
penagihan kepada debitur bermasalah dan process of negotiation to obtain certain borrowing
memperoleh fasilitas pinjaman dari berbagai bank facilities from both local and offshore banks.
baik dari dalam maupun luar negeri.
b. Efektif tanggal 31 Oktober 2023, Bank telah b. Effective October 31, 2023, the Bank entered
mengadakan perjanjian sewa gedung kantor into an irrevocable office space lease
yang tidak dapat dibatalkan untuk periode agreement for a period of 10 (ten) years up to
selama 10 (sepuluh) tahun hingga 30 Oktober October 30, 2033, covering a total office space
2033, dengan luas ruangan sebesar of approximately 27,284.40 square meters (with
27.284,40m2 (dengan sewa atas 976,3m2 rent for 976.3 square meters effective August 1,
diantaranya efektif per tanggal 1 Agustus 2024) 2024) in Sentral Senayan III. The total lease
di Sentral Senayan III. Total komitmen sewa commitment including Value Added Tax for the
sudah termasuk Pajak Pertambahan Nilai duration of the lease is Rp677,996,071,920 (full
selama periode sewa adalah sebesar amount). The payment terms of the lease is in
Rp677.996.071.920 (nilai penuh). Pembayaran advance on a quarterly basis.
atas sewa dilakukan secara triwulanan di muka.
271
2024 Annual Report PT Bank Maybank Indonesia Tbk 909
Page 912
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
55. INFORMASI KEUANGAN UNIT USAHA SYARIAH 55. FINANCIAL INFORMATION ON SHARIA UNIT
31 Desember/December 31
2024 2023
ASET ASSETS
Kas 9.527 20.394 Cash
Penempatan pada Bank Indonesia 2.483.167 2.757.172 Placements with Bank Indonesia
Penempatan pada bank lain 21.985 16.337 Placements with other banks
Surat berharga yang dimiliki 9.508.965 8.626.009 Marketable securities
Pembiayaan berbasis piutang 962.153 759.259 Receivables financing
Pembiayaan bagi hasil 29.155.473 28.758.647 Profit sharing financing
Pembiayaan sewa 1.631.538 721.817 Lease financing
Aset produktif lainnya 469.576 368.318 Other earning assets
Dikurangi : Cadangan kerugian penurunan nilai Less : Allowance for impairment losses on
aset produktif earning assets
Individual (968.639) (457.874) Individual
Kolektif (524.302) (756.390) Collective
Aset tetap dan inventaris 9.177 8.441 Fixed assets and inventories
Aset non-produktif 80.786 118.727 Non-earning assets
Aset lainnya 124.616 99.126 Other assets
JUMLAH ASET 42.964.022 41.039.983 TOTAL ASSETS
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Dana simpanan wadiah 1.350.363 889.933 Wadiah demand deposits
Dana investasi non- profit sharing 35.433.327 34.184.107 Non-profit sharing investment deposits
Liabilitas kepada bank lain 71.562 75.825 Liabilities to other banks
Liabilitas lainnya 112.122 117.303 Other liabilities
Dana usaha 1.111.142 1.313.954 Business funds
EKUITAS EQUITY
Saldo laba 4.885.506 4.458.861 Retained earnings
JUMLAH LIABILITAS DAN EKUITAS 42.964.022 41.039.983 TOTAL LIABILITIES AND EQUITY
31 Desember/December 31
2024 2023
KOMITMEN DAN KONTINJENSI COMMITMENTS AND CONTINGENCIES
KEWAJIBAN KOMITMEN COMMITMENT LIABILITIES
Fasilitas pembiayaan kepada Unused loan commitments
nasabah yang belum ditarik 10.383.989 5.010.867 granted to customers
Lainnya 2.260 214.778 Others
KEWAJIBAN KONTINJENSI CONTINGENT LIABILITIES
Garansi yang diberikan 65.074 11.568 Guarantees issued
272
910 2024 Annual Report
Page 913
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
55. INFORMASI KEUANGAN UNIT USAHA SYARIAH 55. FINANCIAL INFORMATION ON SHARIA UNIT
(lanjutan) (continued)
Tahun yang Berakhir
pada Tanggal 31 Desember/
Year ended December 31
2024 2023
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL DARI PENYALURAN DANA EXPENSES FROM FUND DISTRIBUTION
PENDAPATAN PENYALURAN DANA INCOME FROM FUND DISTRIBUTION
Pendapatan dari Piutang 57.165 41.736 Income from Receivables
Pendapatan dari Bagi Hasil 1.862.100 1.676.883 Income from Profit Sharing
Pendapatan Sewa 73.863 30.659 Lease Income
Lainnya 643.639 733.294 Others
JUMLAH PENDAPATAN TOTAL INCOME FROM
PENYALURAN DANA 2.636.767 2.482.572 FUND DISTRIBUTION
BAGI HASIL UNTUK PROFIT SHARING FOR
PEMILIK DANA INVESTASI INVESTORS
Non-Profit Sharing (1.347.406) (1.183.351) Non-Profit Sharing
JUMLAH BAGI HASIL (1.347.406) (1.183.351) TOTAL PROFIT SHARING
PENDAPATAN SETELAH INCOME AFTER PROFIT
DISTRIBUSI BAGI HASIL 1.289.361 1.299.221 SHARING DISTRIBUTION
PENDAPATAN DAN BEBAN OPERASIONAL OPERATING INCOME AND EXPENSES
SELAIN PENYALURAN DANA OTHER THAN FUND DISTRIBUTION
Commission/provision/fee and
Komisi/provisi/fee dan administrasi 147.828 135.760 administration
Keuntungan penjabaran transaksi valuta asing 9.535 4.817 Income from translation of foreign currencies
Pendapatan lainnya 129.538 52.100 Other income
Beban bonus wadiah (1.091) (1.151) Wadiah bonus expenses
Kerugian penurunan nilai aset Provisions for impairment losses of financial
keuangan (impairment) (316.923) (225.392) assets (impairment)
(Beban)/pemulihan kerugian penurunan nilai aset (Expenses)/reversal of provision for impairment
lainnya (non keuangan) (3.657) 10.584 losses of other assets (non financial)
Beban tenaga kerja (93.659) (84.383) Personnel expenses
Beban lainnya (752.146) (687.291) Other expenses
BEBAN OPERASIONAL
LAINNYA - NETO (880.575) (794.956) OTHER OPERATING EXPENSES - NET
LABA OPERASIONAL 408.786 504.265 OPERATING INCOME
PENDAPATAN DAN BEBAN NON-OPERASIONAL NON-OPERATING INCOME AND EXPENSES
Keuntungan penjualan aset tetap dan inventaris 13 - Income from sale of fixed asset
Pendapatan non-operasional lainnya 6.201 92 Other non-operating income
PENDAPATAN NON-OPERASIONAL 6.214 92 NON-OPERATING INCOME
LABA TAHUN BERJALAN 415.000 504.357 INCOME FOR THE YEAR
273
2024 Annual Report PT Bank Maybank Indonesia Tbk 911
Page 914
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
56. PERNYATAAN STANDAR AKUNTANSI 56. NEW AND REVISED STATEMENTS OF
KEUANGAN BARU DAN YANG DISESUAIKAN FINANCIAL ACCOUNTING STANDARDS
Mulai efektif berlaku pada atau setelah tanggal Effective beginning on or after January 1, 2025
1 Januari 2025
Amendemen PSAK No. 221 “Pengaruh Amendment of SFAS No. 221 “Lack of
Perubahan Kurs Valuta Asing” Exchangeability”
Amendemen PSAK No. 221 ini memperjelas Amendment of SFAS No. 221 clarifies the
pengaturan terkait kondisi ketika suatu mata uang conditions regarding conditions when a currency is
tidak tertukarkan serta pengungkapannya. not exchanged and its disclosure.
Mulai efektif pada atau setelah tanggal Effective beginning on or after January 20, 2025
20 Januari 2025
PSAK No. 413: “Penurunan nilai” SFAS No. 413: “Impairment”
Pada 24 Juli 2024, DSAS IAI telah mengesahkan On July 24, 2024, DSAS IAI has ratified SFAS No.
PSAK No. 413 tentang Penurunan Nilai. PSAK ini 413 related to Impairment. This SFAS regulates the
mengatur tentang penurunan nilai atas instrumen impairment of financial instruments, namely sharia-
keuangan yaitu aset keuangan berbasis syariah dan based financial assets and kafalah for credit risk
kafalah untuk penjaminan risiko kredit. guarantees.
PSAK No. 413 diterapkan pada aset keuangan SFAS No. 413 is applied to sharia financial assets in
syariah berupa hak tagih yang jumlah kas dan waktu the form of collection rights whose cash amount and
pembayarannya sudah ditentukan dalam akad. payment time have been determined in the contract.
Perhitungan penurunan nilai dalam PSAK No. 413 The calculation of impairment in SFAS No. 413 uses
menggunakan konsep ekspektasi kerugian the concept of expected loss whose calculation
(expected loss) yang perhitungannya mencerminkan reflects the unbiased and probability-weighted
jumlah tidak bias dan probabilitas tertimbang amount and reasonable and supportable
(unbiased and probability-weighted amount) dan information. This calculation does not reflect the
informasi wajar dan tersokong (reasonable and time value of money. The credit risk guarantee
supportable information). Perhitungan tersebut tidak kafalah is determined by the higher amount between
mencerminkan nilai waktu atas uang (time value of the provision amount calculated based on SFAS
money). Kafalah penjaminan risiko kredit ditentukan No. 413 and the amount of liabilities that have been
jumlah yang lebih tinggi antara jumlah provisi yang formed. SFAS No. 413 is effective for financial years
dihitung berdasarkan PSAK No. 413 dengan jumlah starting on or after January 1, 2027, and can be
liabilitas yang telah dibentuk. PSAK No. 413 berlaku applied early.
efektif untuk tahun buku yang dimulai pada atau
setelah tanggal 1 Januari 2027 dan dapat diterapkan
dini.
274
912 2024 Annual Report
Page 915
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
56. PERNYATAAN STANDAR AKUNTANSI 56. NEW AND REVISED STATEMENTS OF
KEUANGAN BARU DAN YANG DISESUAIKAN FINANCIAL ACCOUNTING STANDARDS
(lanjutan) (continued)
Mulai efektif berlaku pada atau setelah tanggal Effective beginning on or after January 1, 2026
1 Januari 2026
PSAK No. 109: "Instrumen Keuangan" dan PSAK SFAS 109 No: "Financial Instruments" and
No. 107: "Instrumen Keuangan Pengungkapan SFAS 107 No: "Financial Instruments:
tentang Klasifikasi dan Pengukuran Instrumen Disclosures about the Classification and
Keuangan" Measurement of Financial Instruments."”
Amendemen ini menambahkan dan mengklarifikasi These amendments adding and clarify statement in
ketentuan dalam PSAK 109 terkait penghentian SFAS 109 regarding derecognition of financial
pengakuan liabilitas keuangan, serta mengklarifikasi liabilities, as well as clarify the assessment of cash
penilaian karakteristik arus kas untuk aset keuangan flow characteristics for financial assets with ESG-
dengan fitur ESG-linked, aset keuangan dengan fitur linked features, financial assets with non-recourse
non-recourse, dan instrumen yang terikat secara features, and contractually bound instruments such
kontraktual seperti tranche. Amendemen ini juga as tranches. The amendments also revise the
mengubah ketentuan dalam PSAK 107 terkait statement in SFAS 107 regarding the disclosure
persyaratan pengungkapan investasi pada requirements for investments in equity instruments
instrumen ekuitas yang diukur pada nilai wajar measured at fair value through other
melalui penghasilan komprehensif lain dan comprehensive income and adding statement
menambah ketentuan terkait instrumen keuangan related to financial instruments with contractual
dengan persyaratan kontraktual yang mengubah terms that alter the timing or amount of contractual
waktu atau jumlah arus kas kontraktual. cash flows.
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA STANDARDS
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards:
Akuntansi Indonesia:
a. Giro pada Bank Indonesia a. Current accounts with Bank Indonesia
Pada tanggal 29 Maret 2018, Bank Indonesia On March 29, 2018, Bank Indonesia issued PBI
mengeluarkan PBI No. 20/3/PBI/2018 tentang No. 20/3/PBI/2018 on The Minimum Statutory
Giro Wajib Minimum dalam Rupiah dan Valuta Reserve in Rupiah and Foreign Currency for
Asing bagi Bank Umum Konvensional, Bank Conventional Commercial Banks, Sharia
Umum Syariah dan Unit Usaha Syariah. Commercial Banks and Sharia Business Units.
Berdasarkan kebijakan tersebut, Bank Based on the regulations, Bank Indonesia
Indonesia memperkenalkan instrumen presented new policy instruments, as follow:
kebijakan baru, yaitu:
- GWM Primer menjadi GWM - Primary GWM became GWM
GWM terdiri dari GWM Rupiah dan Valas. GWM consists of GWM Rupiah and
GWM adalah simpanan minimum yang Foreign Currency. GWM is a minimum
wajib dipelihara oleh Bank, dalam bentuk reserve that should be maintained by the
saldo Rekening Giro pada Bank Indonesia. Bank, in the form of current accounts with
Bank Indonesia.
275
2024 Annual Report PT Bank Maybank Indonesia Tbk 913
Page 916
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia
(continued)
Pada tanggal 29 Maret 2018, Bank Indonesia On March 29, 2018, Bank Indonesia issued PBI
mengeluarkan PBI No. 20/3/PBI/2018 tentang No. 20/3/PBI/2018 on The Minimum Statutory
Giro Wajib Minimum dalam Rupiah dan Valuta Reserve in Rupiah and Foreign Currency for
Asing bagi Bank Umum Konvensional, Bank Conventional Commercial Banks, Sharia
Umum Syariah dan Unit Usaha Syariah. Commercial Banks and Sharia Business Units.
Berdasarkan kebijakan tersebut, Bank Based on the regulations, Bank Indonesia
Indonesia memperkenalkan instrumen presented new policy instruments, as follow:
kebijakan baru, yaitu: (lanjutan) (continued)
- GWM Sekunder menjadi Penyangga - Secondary GWM became Macroprudential
Likuiditas Makroprudensial (PLM) Liquidity Buffer (PLM)
PLM adalah cadangan likuiditas minimum PLM is a minimum liquidity reserves that
yang wajib dipelihara oleh Bank, berupa should be maintained by Bank, in the form
Sertifikat Bank Indonesia, Sertifikat of Bank Indonesia Certificates, Bank
Deposito Bank Indonesia dan Surat Indonesia Deposit Certificates and
Berharga Negara yang besarnya Treasury Bills which is determined by Bank
ditetapkan oleh Bank Indonesia sebesar Indonesia at certain percentage of the
persentase tertentu dari Dana Pihak Ketiga Bank’s Third Party Fund.
(“DPK”) Bank.
- LFR menjadi Rasio Intermediasi - LFR became Macroprudential
Makroprudensial (RIM) Intermediation Ratio (RIM)
RIM merupakan rasio hasil perbandingan RIM is comparation ratio between loans
antara kredit yang diberikan dan surat and corporate bonds owned by the Bank
berharga korporasi yang dimiliki Bank yang which fulfill the requirements of the Bank’s
memenuhi persyaratan terhadap dana TPF and securities issued by the Bank
pihak ketiga Bank dan surat berharga yang which fulfill the requirements.
diterbitkan Bank yang memenuhi
persyaratan.
- GWM LFR menjadi GWM RIM - LFR GWM became RIM GWM
GWM RIM sebesar hasil perkalian antara RIM GWM requirement is the multiplication
Parameter Disinsentif Bawah atau between Lower Disincentive Parameter
Parameter Disinsentif Atas, selisih antara and Upper Disincentive Parameter, the
RIM Bank dan Target RIM, serta DPK difference between Bank RIM and RIM
Rupiah dengan memperhatikan selisih Target, and Rupiah TPF considering the
antara KPMM Bank dan KPMM Insentif. difference between Bank’s CAR and
Incentive CAR.
PBI tersebut mulai berlaku pada tanggal The regulation was effective on July 16, 2018,
16 Juli 2018, kecuali ketentuan pemenuhan except the regulation regarding daily and
kewajiban GWM dalam valuta asing bagi BUK average Minimum Statutory Reserve in foreign
secara harian dan rata-rata serta ketentuan currency and daily and average Minimum
pemenuhan kewajiban GWM dalam Rupiah Statutory Reserve in Rupiah for Sharia
secara harian dan rata-rata dan GWM dalam Commercial Banks and Sharia Business Units
valuta asing bagi BUS dan UUS yang mulai which would be effective on October 1, 2018.
berlaku pada tanggal 1 Oktober 2018.
276
914 2024 Annual Report
Page 917
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia
(continued)
Berdasarkan Rapat Dewan Gubernur Following Board of Governor of Bank Indonesia
Bank Indonesia pada tanggal 29 Maret 2019, Meeting on March 29, 2019, Bank Indonesia
Bank Indonesia mengeluarkan Peraturan issued Board of Governor Member Regulation
Anggota Dewan Gubernur (PADG) (PADG) No.21/5/PADG/2019 on “The Third
No.21/5/PADG/2019 tentang “Perubahan Amendment of PADG No.20/11/PADG/2018
Ketiga atas PADG No.20/11/PADG/2018 dated May 31, 2018 on RIM and PLM for
tanggal 31 Mei 2018 tentang RIM dan PLM bagi Conventional Commercial Bank, Sharia
Bank Umum Konvensional, Bank Umum Commercial Bank and Sharia Business Unit”.
Syariah dan Unit Usaha Syariah”.
Perubahan utama dalam Perubahan Ketiga The main changes in the Third Change of
PADG RIM dan PLM meliputi: PADG RIM and PLM covers:
- Penyesuaian besaran batas bawah Target - Change of lower limit RIM Target from 80%
RIM dari 80% menjadi 84% dan batas atas to become 84% and upper limit RIM Target
Target RIM dari 92% menjadi 94%. from 92% to become 94%.
- Penyesuaian besaran batas bawah Target - Change of lower limit Sharia RIM Target
RIM Syariah dari 80% menjadi 84% dan from 80% to become 84% and upper limit
batas atas Target RIM Syariah dari Sharia RIM Target from 92% to become
92% menjadi 94%. 94%.
Penyesuaian tersebut telah diberlakukan pada The amendment has been effective on July 1,
tanggal 1 Juli 2019 dan pengenaan sanksi 2019 and the penalty related to the changes of
terkait perubahan batas bawah dan batas atas upper and lower limit RIM and Sharia RIM
target RIM dan target RIM Syariah, mulai target will be effective on October 1, 2019.
berlaku pada tanggal 1 Oktober 2019.
Pada tanggal 24 Maret 2020, Bank Indonesia On March 24, 2020, Bank Indonesia issued PBI
mengeluarkan PBI No 22/3/PBI/2020 tentang No 22/3/PBI/2020 on The Amendment of Bank
Perubahan atas Peraturan Bank indonesia No Indonesia Regulation No 20/3/PBI/2018 on The
20/3/PBI/2018 tentang Giro Wajib Minimum Minimum Statutory Reserve in Rupiah and
dalam Rupiah dan Valuta Asing Bagi Bank Foreign Currency for Conventional Commercial
Umum Konvensional, Bank Umum Syariah dan Banks, Sharia Commercial Banks and Sharia
Unit Usaha Syariah. Berdasarkan peraturan Business Units. Based on the regulation, Bank
tersebut, Bank Indonesia mengatur mengenai Indonesia regulates the authority to grant
kewenangan pemberian kelonggaran atas relaxation of daily GWM Rupiah requirement for
kewajiban pemenuhan GWM dalam rupiah Conventional Commercial Banks, Sharia
yang wajib dipenuhi secara harian untuk Bank Commercial Banks and Sharia Business Units
Umum Konvensional, Bank Umum Syariah dan in relation to the macroprudential policies. The
Unit Usaha Syariah dalam rangka kebijakan regulation regarding the relaxation of daily
makroprudensial. Adapun pengaturan GWM Rupiah requirement will be covered in
mengenai pemberian kelonggaran kewajiban other PBI regarding incentives for bank related
pemenuhan GWM tersebut akan diatur dalam to macroprudential policies. This PBI was
PBI lain tentang insentif bagi bank untuk effective on March 26, 2020.
kebijakan makroprudensial. PBI ini mulai
berlaku pada tanggal 26 Maret 2020.
277
2024 Annual Report PT Bank Maybank Indonesia Tbk 915
Page 918
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia
(continued)
Pada tanggal 28 Juli 2020, Bank Indonesia On July 28, 2020, Bank Indonesia issued PBI
mengeluarkan PBI No. 22/10/PBI/2020 tentang No. 22/10/PBI/2020 on the Second Amendment
Perubahan Kedua atas PBI No. 20/3/PBI/2018 of PBI No. 20/3/PBI/2018 on The Minimum
tentang Giro Wajib Minimum dalam Rupiah dan Statutory Reserve in Rupiah and Foreign
Valuta Asing bagi Bank Umum Konvensional, Currency for Conventional Commercial Banks,
Bank Umum Syariah dan Unit Usaha Syariah. Sharia Commercial Banks and Sharia Business
Units.
Perubahannya meliputi sebagai berikut: The amendments are as follow:
- Pemberian kewenangan Bank Indonesia - Authorization to Bank Indonesia to provide
untuk memberikan jasa giro kepada BUK. current account service to Conventional
Commercial Banks.
- Pengaturan lebih lanjut mengenai besaran - Further regulation regarding the amount of
bagian tertentu dari pemenuhan kewajiban certain portion of the fulfillment of GWM in
GWM dalam Rupiah yang diberikan jasa Rupiah for which current account service
giro, tingkat suku bunga jasa giro dan tata are provided, interest rate for current
cara pemberian jasa giro dalam PADG. account service and procedure for
providing current account service in PADG.
- Pengaturan bahwa penempatan GWM bagi - Regulation that GWM placement for Sharia
BUS dan UUS menggunakan prinsip wadi’ah Commercial Banks and Sharia Business
yad amanah khusus. Units uses a principle of particular wadi’ah
yad amanah.
- Pemberian kewenangan Bank Indonesia - Authorization of Bank Indonesia to provide
untuk memberikan insentif GWM berupa GWM incentives in the form of granting
pemberian (‘athaya) sesuai prinsip syariah (‘athaya) in accordance with sharia
kepada BUS dan UUS. principle to Sharia Commercial Banks and
Sharia Business Units.
- Pemberian insentif GWM berupa pemberian - GWM incentives in the form of granting
(‘athaya) sesuai prinsip syariah kepada BUS (‘athaya) in accordance with sharia
dan UUS diberikan secara sukarela oleh principle to Sharia Commercial Banks and
Bank Indonesia. Sharia Business Units are provided
voluntarily by Bank Indonesia.
- Pengaturan lebih lanjut tentang pemberian - Further regulation regarding the provision
insentif GWM berupa pemberian (‘athaya) of GWM incentives in the form of granting
dalam PADG. (‘athaya) is in PADG.
Perubahan tersebut telah diberlakukan pada The amendment has been effective since
tanggal 1 Agustus 2020. August 1, 2020.
278
916 2024 Annual Report
Page 919
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia
(continued)
Berdasarkan Rapat Dewan Gubernur Following Board of Governor of Bank Indonesia
Bank Indonesia pada tanggal 29 Juli 2020, Meeting on July 29, 2020, Bank Indonesia
Bank Indonesia mengeluarkan Peraturan issued Board of Governor Member Regulation
Anggota Dewan Gubernur (PADG) (PADG) No. 22/19/PADG/2020 on The Sixth
No. 22/19/PADG/2020 tentang Perubahan Amendment of PADG No. 20/10/PADG/2018
Keenam atas PADG No. 20/10/PADG/2018 on Minimum Statutory Reserve Requirement in
tentang Giro Wajib Minimum Dalam Rupiah dan Rupiah and Foreign Currency for Conventional
Valuta Asing Bagi Bank Umum Konvensional, Commercial Banks, Sharia Commercial Banks
Bank Umum Syariah dan Unit Usaha Syariah. and Sharia Business Units.
Perubahannya meliputi sebagai berikut: The amendments are as follow:
- Pengaturan mengenai kewenangan BI dalam - Regulation regarding BI authority in
memberi jasa giro bagi BUK. providing current account service to
Conventional Commercial Banks.
- Pengaturan mengenai kewenangan BI dalam - The regulation regarding BI authority in
memberi insentif GWM berupa pemberian providing GWM incentives in the form of
(‘athaya) bagi BUS dan UUS. granting (‘athaya) for Sharia Commercial
Banks and Sharia Business Unit.
Perubahan tersebut telah diberlakukan pada The amendment has been effective since
tanggal 1 Agustus 2020. August 1, 2020.
Berdasarkan Rapat Dewan Gubernur Bank Following Board of Governor of Bank Indonesia
Indonesia pada tanggal 31 Desember 2021, Meeting on December 31, 2021, Bank Indonesia
Bank Indonesia mengeluarkan PADG No. issued PADG No. 23/31/PADG/2021 regarding
23/31/PADG/2021 tentang Perubahan the Fourth Amendment of PADG No.
Keempat atas PADG No. 21/22/PADG/2019 21/22/PADG/2019 regarding RIM and PLM for
tentang RIM dan PLM bagi BUK, BUS dan UUS. BUK, BUS and UUS. This PADG has been
PADG ini berlaku sejak 3 Januari 2022. effective since January 3, 2022.
Pada tanggal 25 Februari 2022, Bank Indonesia On February 25, 2022, Bank Indonesia issued
mengeluarkan PBI No. 24/4/PBI/2022 tentang PBI No.24/4/PBI/2022 on The Fourth
Perubahan Keempat atas PBI No. Amendment of PBI No. 20/3/PBI/2018 on
20/3/PBI/2018 tentang Giro Wajib Minimum Minimum Statutory Reserve in Rupiah and
dalam Rupiah dan Valuta Asing bagi BUK, BUS Foreign Currency for BUK, BUS and UUS. The
dan UUS. Perubahan dalam peraturan ini change in this regulation is related to the
terkait pelonggaran atas kewajiban pemenuhan relaxation of GWM requirement in rupiah for
GWM dalam rupiah yang dapat diberikan BUK, BUS and UUS for daily and/or average
kepada BUK, BUS dan UUS atas pemenuhan GWM Rupiah requirement according to the
GWM dalam rupiah secara harian dan/atau Bank Indonesia macroprudential policy
secara rata-rata berdasarkan pertimbangan consideration. This PBI has been effective
kebijakan makroprudensial Bank Indonesia. since March 1, 2022.
PBI ini berlaku sejak 1 Maret 2022.
279
2024 Annual Report PT Bank Maybank Indonesia Tbk 917
Page 920
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia
(continued)
Berdasarkan Rapat Dewan Gubernur Bank Following Board of Governor of Bank Indonesia
Indonesia pada tanggal 1 Juli 2022, Bank Meeting on July 1, 2022, Bank Indonesia issued
Indonesia mengeluarkan PADG No. PADG No. 24/8/PADG/2022 regarding
24/8/PADG/2022 tentang Peraturan Implementation Regulation of Minimum
Pelaksanaan Pemenuhan Giro Wajib Minimum Reserve Requirement Fulfillment in Rupiah and
dalam Rupiah dan Valuta Asing bagi BUK, BUS Foreign Currencies for BUK, BUS and UUS.
dan UUS.
Perubahan pengaturan dalam PADG ini The amendments in this PADG are as follow:
meliputi:
- Kewajiban minimum GWM Rupiah untuk - GWM Rupiah minimum requirement for BUK
BUK naik menjadi 7,5% mulai 1 Juli 2022 increase to become 7.5% starting July 1,
dan 9,0% mulai 1 September 2022; 2022 and 9.0% starting September 1, 2022;
- Kewajiban minimum GWM Rupiah untuk - GWM Rupiah minimum requirement for BUS
BUS dan UUS naik 6,0% mulai 1 Juli 2022 and UUS increase to become 6.0% starting
dan 7,5% mulai 1 September 2022; July 1, 2022 and 7.5% starting September 1,
2022;
- Pemberian remunerasi terhadap - Remuneration for the fulfillment of GWM
pemenuhan kewajiban GWM. requirement.
PADG ini berlaku sejak 1 Juli 2022. Pada saat This PADG has been effective since July 1,
PADG ini berlaku, PADG No. 20/10/PADG/2018 2022. When this PADG is effective, PADG No.
yang diubah terakhir dengan PADG No. 20/10/PADG/2018 which was last amended in
24/3/PADG/2022 dicabut. PADG N0. 24/3/PADG/2022 is revoked.
Berdasarkan Rapat Dewan Gubernur Bank Following Board of Governor of Bank Indonesia
Indonesia pada tanggal 1 November 2022, Meeting on November 1, 2022, Bank Indonesia
Bank Indonesia mengeluarkan PADG No. issued PADG No. 24/14/PADG/2022 on the
24/14/PADG/2022 tentang Perubahan Kelima Fifth Amendment of PADG No.
atas PADG No. 21/22/PADG/2019 tentang RIM 21/22/PADG/2019 regarding RIM and PLM for
dan PLM bagi BUK, BUS dan UUS. Perubahan Conventional Commercial Banks, Sharia
pengaturan dalam PADG ini meliputi Commercial Banks and Sharia Business Units.
pelonggaran target RIM atau RIM Syariah bagi The amendment of regulations in this PADG are
Bank tertentu, pengecualian pemenuhan target relaxation of RIM or Sharia RIM target for certain
RIM atau RIM Syariah dan PLM atau PLM Banks, the exception for target fulfillment of RIM
Syariah untuk Bank tertentu, penyesuaian or Sharia RIM and PLM or Sharia PLM for
sumber data dan penyempurnaan pengaturan certain Banks, data source adjustment and the
pemenuhan dan penghentian pemenuhan RIM update on the regulation regarding fulfillment
atau RIM Syariah dan/atau PLM atau PLM and termination of fulfillment for RIM or Sharia
Syariah. Peraturan ini telah berlaku sejak 31 RIM and/or PLM or Sharia PLM. This regulation
Oktober 2022. has been effective since October 31, 2022.
280
918 2024 Annual Report
Page 921
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
a. Giro pada Bank Indonesia (lanjutan) a. Current accounts with Bank Indonesia
(continued)
Pada tanggal 24 Maret 2023, PADG No. 2 On March 24, 2023, PADG No. 2 Year 2023 on
Tahun 2023 tentang Perubahan atas PADG No The Amendment of PADG No. 24/8/PADG/2022
24/8/PADG/2022 tentang Peraturan regarding Implementation Regulation of
Pelaksanaan Pemenuhan GWM dalam Rupiah Minimum Reserve Requirement Fulfillment in
dan Valuta Asing Bagi BUK, BUS dan UUS Rupiah and Foreign Currencies for BUK, BUS
ditetapkan. Pada PADG tersebut, terdapat and UUS. In the PADG, there is amendment in
perubahan besaran insentif makroprudensial the macroprudential incentive from previously
dari sebelumnya paling banyak 2% menjadi 2% at the maximum to become 2.8%. This
2,8%. Peraturan ini telah berlaku efektif sejak 1 regulation has been effective since April 1,
April 2023. 2023.
Giro Wajib Minimum (GWM) Bank pada tanggal The minimum statutory reserves of the Bank as
31 Desember 2024 untuk mata uang Rupiah of December 31, 2024 for Rupiah consist of
terdiri dari GWM utama harian, rata-rata dan daily Primary Minimum Statutory Reserves and
Penyangga Likuiditas Makroprudensial (PLM) averages, and Macroprudential Liquidity Buffer
masing-masing sebesar 8,33%, 7,65% dan of 8.33%, 7.65% and 20.40% (December 31,
20,40% (31 Desember 2023: 7,12%, 8,81% 2023: 7.12%, 8.81% and 26.98%), respectively,
dan 26,98%) dan GWM untuk Valuta Asing and Foreign Currencies Minimum Statutory
sebesar 4,38% (31 Desember 2023: 4,58%). Reserves of 4.38% (December 31, 2023:
4.58%).
Pada tanggal 31 Desember 2024 dan 2023, On December 31, 2024 and 2023, the Bank’s
Rasio Intermediasi Makroprudensial (RIM) Macroprudential Intermediation Ratio (RIM)
berada dalam kisaran RIM target. Pada tanggal was within the RIM target range. On December
31 Desember 2024 dan 2023, Kewajiban 31, 2024 and 2023, Capital Adequacy Ratio
Penyediaan Modal Minimum (KPMM) Bank (CAR) of the Bank was greater than CAR
lebih besar dari KPMM insentif. incentives.
Bank telah memenuhi ketentuan BI yang The Bank has fulfilled BI’s regulation regarding
berlaku tentang Giro Wajib Minimum Bank Statutory Reserve Requirement on Commercial
Umum. Bank.
281
2024 Annual Report PT Bank Maybank Indonesia Tbk 919
Page 922
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
b. Kredit yang diberikan dan Piutang/Pembiayaan b. Loans and Sharia Receivables/Financing
Syariah
i. Rasio kredit kepada Usaha Mikro dan Kecil i. Ratio of micro and small business loans
Per 31 Desember 2024 dan 2023, rasio As of December 31, 2024 and 2023, the ratio
kredit kepada Usaha Mikro dan Kecil of micro and small business loans to the
terhadap kredit yang diberikan sesuai total loans in accordance with Bank
dengan Surat Edaran Bank Indonesia No. Indonesia Circular Letter No. 13/30/DPNP
13/30/DPNP tanggal 16 Desember 2011 dated December 16, 2011 are 0.67% and
masing-masing sebesar 0,67% dan 0,59%. 0.59%, respectively.
ii. Kredit restrukturisasi ii. Restructured loans
Sesuai dengan POJK No. In accordance to POJK No.
11/POJK.03/2020 tanggal 16 Maret 2020 11/POJK.03/2020 dated March 16, 2020
dan siaran pers IAI atas dampak pandemi and IAI press release on the Covid-19
Covid-19, Bank telah melakukan pandemic impact, the Bank has restructured
restrukturisasi kredit terhadap debitur yang debtors which are affected by Covid-19, and
terkena dampak Covid-19, dan melaporkan reported the balance as current collectibility.
saldo restrukturisasi kredit tersebut pada Credit restructuring is performed by lowering
kolektibilitas lancar. Restrukturisasi kredit the interest rate and/or interest or principal
dilakukan dengan penurunan suku bunga postponement in selected cases.
dan/atau penundaan pembayaran bunga
dan pokok di kasus-kasus tertentu.
Sehubungan dengan pandemi Covid-19 In relation to the Covid-19 pandemic which
yang telah menimbulkan ketidakpastian has resulted in economic uncertainty, the
ekonomi, Bank senantiasa melakukan Bank will continuously monitor the current
monitoring perubahan ekonomi saat ini dan and projected economic changes and
yang akan datang dan perkiraan makro macro economic outlook which will affect the
ekonomi yang akan mempengaruhi Bank’s expected credit loss calculation. This
pembentukan kerugian kredit ekspektasian covers the debtors’ repayment capacity to
Bank. Hal ini termasuk perkiraan the Bank, including the debtors with
kemampuan debitur dalam memenuhi restructured facilities due to Covid-19
kewajibannya kepada Bank, termasuk di impact, both during the restructuring period
dalamnya debitur yang mendapatkan and Covid-19 pandemic and after the Covid-
fasilitas restrukturisasi akibat dampak 19.
Covid-19 selama masa restrukturisasi dan
pandemi Covid-19 maupun setelah dampak
pandemi Covid-19 berakhir.
282
920 2024 Annual Report
Page 923
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
b. Kredit yang diberikan dan Piutang/Pembiayaan b. Loans and Sharia Receivables/Financing
Syariah (lanjutan) (continued)
ii. Kredit restrukturisasi (lanjutan) ii. Restructured loans (continued)
Sehubungan dengan kepatuhan terhadap In compliance with OJK, the Bank
OJK, Bank menerapkan POJK No. implements POJK No. 40/POJK.03/2019
40/POJK.03/2019 tanggal 19 Desember dated December 19, 2019 regarding
2019 tentang “Penilaian Kualitas Aset Bank “Assessment of Commercial Banks’ Asset
Umum” yang kemudian diubah dengan Quality” which was amended subsequently
POJK No. 48/POJK.03/2020 tentang by POJK No. 48/POJK.03/2020 regarding
“Perubahan atas POJK Nomor “Amendment on POJK No.
11/POJK.03/2020 tentang Stimulus 11/POJK.03/2020 regarding National
Perekonomian Nasional sebagai Kebijakan Economic Stimulus as Countercyclical
Countercyclical Dampak Penyebaran Policy Impact of Corona Virus Disease
Corona Virus Disease 2019” tanggal 3 Spread 2019” dated December 3, 2020,
Desember 2020, POJK Nomor POJK No. 17/POJK.03/2021 dated
17/POJK.03/2021 tanggal 10 September September 10, 2021 regarding “Second
2021 tentang “Perubahan Kedua atas POJK Amendment on POJK No.
Nomor 11/POJK.03/2020 tentang Stimulus 11/POJK.03/2020 regarding National
Perekonomian Nasional sebagai Kebijakan Economic Stimulus as Countercyclical
Countercyclical Dampak Penyebaran Policy Impact of Corona Virus Disease
Corona Virus Disease 2019” (berlaku hingga Spread 2019” (valid until March 31, 2023).
31 Maret 2023).
Pada tahun 2022, peraturan-peraturan baru In 2022, new related regulations issued by
terkait yang dikeluarkan oleh regulator regulator are POJK No. 19 Year 2022 dated
adalah POJK No. 19 Tahun 2022 tanggal 27 October 27, 2022 regarding “Specific
Oktober 2022 tentang “Perlakuan Khusus Treatment for Financial Service Institutions
untuk Lembaga Jasa Keuangan pada in Certain Areas and Sectors Impacted by
Daerah dan Sektor Tertentu di Indonesia Disaster”, and Financial Services Authority’s
yang Terkena Dampak Bencana”, serta Board of Commisioners Decree No.
Keputusan Dewan Komisioner Otoritas
34/KDK.03/2022 dated November 25, 2022
Jasa Keuangan No. 34/KDK.03/2022
regarding “Determination of Accomodation
tanggal 25 November 2022 tentang
“Penetapan Sektor Penyediaan Akomodasi and Food Beverage Sector, Textile, Textile
dan Penyediaan Makan Minum, Sektor Product and Footwear Sector, Small,
Tekstil dan Produk Tekstil serta Alas Kaki, Medium and Micro Business Segment, and
Segmen Usaha Mikro, Kecil, dan Bali Province as Sectors and Areas which
Menengah, serta Provinsi Bali sebagai Require Specific Treatment related to
Sektor dan Daerah yang Memerlukan Bank’s Financing and Credit” (effective on
Perlakuan Khusus terhadap Kredit Atau April 1, 2023 and valid until March 31, 2024).
Pembiayaan Bank” (efektif pada 1 April
2023 dan berlaku hingga 31 Maret 2024).
283
2024 Annual Report PT Bank Maybank Indonesia Tbk 921
Page 924
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
b. Kredit yang diberikan dan Piutang/Pembiayaan b. Loans and Sharia Receivables/Financing
Syariah (lanjutan) (continued)
iii. Kredit bermasalah berdasarkan sektor iii. Non-performing loans based on economic
ekonomi sector
31 Desember/December 31
2024 2023
Kredit Kredit
bermasalah/ Minimum bermasalah/ Minimum
Non- penyisihan/ Non- penyisihan/
performing Minimum performing Minimum
loans allowance *) loans allowance *)
Rupiah Rupiah
Pertanian dan perhutanan 33.842 32.867 33.865 16.986 Agriculture and forestry
Pertambangan 3.995 2.318 5.316 - Mining
Perindustrian 593.801 465.287 666.901 396.549 Manufacturing
Listrik, gas dan air 4.493 4.493 - - Electricity, gas and water
Konstruksi 152.750 116.467 162.179 62.407 Construction
Perdagangan, restoran dan hotel 1.065.194 806.772 1.238.906 593.018 Trading, restaurant and hotel
Transportation, warehouses
Angkutan, gudang dan komunikasi 62.139 51.713 91.014 51.491 and communication
Jasa-jasa dunia usaha 56.924 25.454 102.426 31.005 Business services
Jasa-jasa sosial/masyarakat 15.840 12.816 13.717 9.562 Social/public services
Lain-lain 830.210 473.761 843.488 526.522 Others
2.819.188 1.991.948 3.157.812 1.687.540
Mata uang asing Foreign currencies
Perindustrian 366.353 366.353 6.115 1.667 Manufacturing
Perdagangan, restoran dan hotel 2 2 1 1 Trading, restaurant and hotel
Jasa-jasa dunia usaha - - 2 1 Business services
366.355 366.355 6.118 1.669
3.185.543 2.358.303 3.163.930 1.689.209
*) Kredit bermasalah merupakan kredit yang diklasifikasikan *) Non-performing loans are loans classified in collectibility
dalam kolektibilitas kurang lancar, diragukan dan macet substandard, doubtful and loss in accordance with Financial
sesuai peraturan Otoritas Jasa Keuangan No. Services Authority regulation No. 40/POJK.03/2019. Minimum
40/POJK.03/2019. Minimum penyisihan dihitung allowance is calculated based on the aforementioned OJK
berdasarkan peraturan OJK yang disebutkan sebelumnya. regulation.
Rasio kredit bermasalah (“NPL”) The consolidated non-performing loans
konsolidasian per tanggal 31 Desember (“NPL”) ratio as of December 31, 2024 and
2024 dan 2023, sesuai dengan Surat 2023, in accordance with Bank Indonesia
Edaran Bank Indonesia No. 13/30/DPNP Circular Letter No. 13/30/DPNP dated
tanggal 16 Desember 2011, dihitung secara December 16, 2011, calculated at gross was
bruto masing-masing adalah 2,68% dan 2.68% and 2.92%, respectively, and
2,92%, dan dihitung secara neto masing- calculated at net were 1.42% and 1.88%,
masing adalah 1,42% dan 1,88%. respectively.
284
922 2024 Annual Report
Page 925
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
b. Kredit yang diberikan dan Piutang/Pembiayaan b. Loans and Sharia Receivables/Financing
Syariah (lanjutan) (continued)
iv. Cadangan kerugian penurunan nilai iv. Allowance for impairment losses
Jumlah penyisihan penghapusan aset yang Allowance for uncollectible assets required
wajib dibentuk atas kredit yang diberikan for loans which is in accordance with
sesuai dengan ketentuan Otoritas Jasa Financial Services Authority regulation for
Keuangan untuk perhitungan Kewajiban Capital Adequacy Ratio (“CAR”) computation
Penyediaan Modal Minimum (“KPMM”) amounted to Rp3,716,176 and Rp2,924,512
adalah masing-masing sebesar as of December 31, 2024 and 2023,
Rp3.716.176 dan Rp2.924.512 pada 31 respectively.
Desember 2024 dan 2023.
Pengungkapan lebih lanjut tentang Further disclosures on allowance for
cadangan kerugian penurunan nilai untuk impairment losses of Loans and Sharia
Kredit yang diberikan dan Piutang/ Receivables/Financing are presented in
Pembiayaan Syariah diungkapkan pada Note 12.
Catatan 12.
v. Informasi Pokok Lainnya sehubungan v. Other Significant Information relating to
dengan Kredit yang Diberikan dan Piutang/ Loans and Sharia Receivables/Financing
Pembiayaan Syariah
Per 31 Desember 2024 dan 2023 tidak As of December 31, 2024 and 2023, there
terdapat pelampauan dan pelanggaran were no excess and violation of the Legal
Batas Maksimum Pemberian Kredit seperti Lending Limit, as stipulated in POJK
yang ditentukan dalam POJK No.38/POJK.3/2019.
No.38/POJK.3/2019.
c. Piutang Pembiayaan Konsumen c. Consumer Financing Receivables
Piutang pembiayaan konsumen restrukturisasi Restructured consumer financing receivables
Perusahaan telah melakukan restrukturisasi The Company has restructured its financing for
pembiayaan untuk debitur yang terkena debtors affected by the Covid-19 pandemic by
dampak pandemi Covid-19 yaitu penundaan tenure extension, grace period, and change of
pokok, perpanjangan tenor dan perubahan due date in accordance with POJK No.
jatuh tempo sesuai dengan POJK No. 14/POJK.05/2020 "Countercyclical Policy
14/POJK.05/2020 ”Kebijakan Countercyclical Impact of the Spread of Coronavirus Disease
Dampak Penyebaran Coronavirus Disease 2019 for Non-Bank Financial Services
2019 bagi Lembaga Jasa Keuangan Non-Bank” Institutions" dated April 17, 2020. As of
tanggal 17 April 2020. Per tanggal 31 December 31, 2024 and 2023, the balance of
Desember 2024 dan 2023, saldo piutang restructured Covid-19 consumer financing
pembiayaan konsumen - bruto restrukturisasi receivables - gross amounted to Rp15,860 and
Covid-19 masing-masing sebesar Rp15.860 Rp90,398, respectively. Based on the
dan Rp90.398. Sesuai dengan kebijakan aforementioned regulation, the restructured
tersebut, kualitas aset pembiayaan financing asset quality is current.
direstrukturisasi ditetapkan lancar.
285
2024 Annual Report PT Bank Maybank Indonesia Tbk 923
Page 926
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
d. Manajemen Modal d. Capital Management
Pada tanggal 31 Desember 2024 dan 2023, As of December 31, 2024 and 2023, the Bank
Bank mematuhi semua persyaratan modal has complied with all externally imposed capital
yang ditetapkan oleh pihak eksternal sepanjang requirements throughout the reporting period,
periode pelaporan, khususnya berkenaan particularly regarding Capital Adequacy Ratio
dengan perhitungan Kewajiban Penyediaan ("CAR") and calculation of Risk Weighted
Modal Minimum ("KPMM") dan Aktiva Assets ("RWA").
Tertimbang Menurut Risiko ("ATMR").
Kewajiban penyediaan modal Bank dengan The Bank’s capital adequacy ratio with
memperhitungkan risiko kredit, risiko consideration of credit, operational and market
operasional dan risiko pasar: risks:
31 Desember/December 31
2024 2023
Konsolidasi Consolidated
Modal Capital
Tier I 28.878.652 28.581.706 Tier I
Tier II 1.377.482 1.256.927 Tier II
Jumlah Modal 30.256.134 29.838.633 Total Capital
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets for
untuk Risiko Kredit 102.153.511 92.584.621 Credit Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets for
untuk Risiko Operasional 10.625.953 11.254.793 Operational Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets for
untuk Risiko Pasar 5.618.197 3.708.534 Market Risk
Rasio CET 1 24,39% 26,57% CET 1 Ratio
Rasio Tier 1 24,39% 26,57% Tier 1 Ratio
Rasio Tier 2 1,16% 1,17% Tier 2 Ratio
Total rasio 25,55% 27,74% Ratio Total
Rasio Kewajiban Penyediaan Minimum Capital Adequacy
Modal Minimum sesuai profil risiko 9,99% 9,99% Ratio based on risk profile
286
924 2024 Annual Report
Page 927
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
d. Manajemen Modal (lanjutan) d. Capital Management (continued)
Kewajiban penyediaan modal Bank dengan The Bank’s capital adequacy ratio with
memperhitungkan risiko kredit, risiko consideration of credit, operational and market
operasional dan risiko pasar (lanjutan): risks (continued):
31 Desember/December 31
2024 2023
Bank Bank
Modal Capital
Tier I 23.664.322 23.765.500 Tier I
Tier II 1.224.983 1.112.644 Tier II
Jumlah Modal 24.889.305 24.878.144 Total Capital
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets for
untuk Risiko Kredit 89.924.657 81.016.495 Credit Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets for
untuk Risiko Operasional 9.645.242 10.180.718 Operational Risk
Aktiva Tertimbang Menurut Risiko Risk Weighted Assets for
untuk Risiko Pasar 5.637.551 3.718.873 Market Risk
Rasio CET 1 22,49% 25,04% CET 1 Ratio
Rasio Tier 1 22,49% 25,04% Tier 1 Ratio
Rasio Tier 2 1,16% 1,17% Tier 2 Ratio
Total rasio 23,65% 26,21% Ratio Total
Rasio Kewajiban Penyediaan Minimum Capital Adequacy
Modal Minimum sesuai profil risiko 9,99% 9,99% Ratio based on risk profile
287
2024 Annual Report PT Bank Maybank Indonesia Tbk 925
Page 928
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
e. Kolektabilitas e. Collectability
Berikut detail kolektabilitas berdasarkan Details of financial assets collectability based on
klasifikasi OJK: OJK classification are as follows:
31 Desember/December 31 , 2024
Dalam
perhatian
khusus/ Kurang
50010000_02 Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Kas 1.861.870 - - - - 1.861.870 Cash
Current accounts with
Giro pada Bank Indonesia 10.696.358 - - - - 10.696.358 Bank Indonesia
Giro pada bank lain 2.571.949 - - - - 2.571.949 Current accounts with other banks
Cadangan kerugian penurunan nilai (1.108) - - - - (1.108) Allowance for impairment losses
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain 2.998.966 - - - - 2.998.966 Indonesia and other banks
Cadangan kerugian penurunan nilai - - - - - - Allowance for impairment losses
Efek-efek yang diperdagangkan 1.941.629 - - - - 1.941.629 Trading securities
Investasi keuangan 40.152.180 - - - - 40.152.180 Financial investments
Cadangan kerugian penurunan nilai (1.015) - - - - (1.015) Allowance for impairment losses
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 838.423 - - - - 838.423 resale agreement
Cadangan kerugian penurunan nilai (147) - - - - (147) Allowance for impairment losses
Tagihan derivatif 1.381.431 - - - - 1.381.431 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah 113.982.780 3.220.258 171.784 195.492 2.818.267 120.388.581 receivables/financing
Cadangan kerugian penurunan nilai (1.385.849) (1.030.292) (58.517) (68.116) (1.360.164) (3.902.938) Allowance for impairment losses
Piutang pembiayaan konsumen 6.683.547 446.446 16.945 29.340 16.156 7.192.434 Consumer financing receivables
Cadangan kerugian penurunan nilai (43.301) (36.797) (10.159) (16.601) (9.628) (116.486) Allowance for impairment losses
Tagihan akseptasi 1.574.241 - - - - 1.574.241 Acceptances receivable
Cadangan kerugian penurunan nilai (3.176) - - - - (3.176) Allowance for impairment losses
Liabilitas Komitmen 1.569.796 - - - - 1.569.796 Commitment Liabilities
Tagihan Kontinjensi 27.173 - - - - 27.173 Contingent Receivables
Liabilitas Kontinjensi 3.049.141 3.300 - - - 3.052.441 Contingent Liabilities
Estimasi kerugian pada komitmen Estimated losses on commitment and
dan kontijensi (132.209) (8.529) - - - (140.738) contigencies
288
926 2024 Annual Report
Page 929
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
e. Kolektabilitas (lanjutan) e. Collectability (continued)
Berikut detail kolektabilitas berdasarkan Details of financial assets collectability based on
klasifikasi OJK: (lanjutan) OJK classification are as follows: (continued)
31 Desember/December 31 , 2023
Dalam
perhatian
khusus/ Kurang
50010000_02 Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Kas 1.570.030 - - - - 1.570.030 Cash
Current accounts with
Giro pada Bank Indonesia 8.152.106 - - - - 8.152.106 Bank Indonesia
Giro pada bank lain 2.194.092 - - - - 2.194.092 Current accounts with other banks
Cadangan kerugian penurunan nilai (1.810) - - - - (1.810) Allowance for impairment losses
Penempatan pada Bank Placements with Bank
Indonesia dan bank lain 2.496.502 - - - - 2.496.502 Indonesia and other banks
Cadangan kerugian penurunan nilai (2.016) - - - - (2.016) Allowance for impairment losses
Efek-efek yang diperdagangkan 1.297.687 - - - - 1.297.687 Trading securities
Investasi keuangan 30.751.974 - - - - 30.751.974 Financial investments
Cadangan kerugian penurunan nilai (397) - - - - (397) Allowance for impairment losses
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 2.333.122 - - - - 2.333.122 resale agreement
Cadangan kerugian penurunan nilai (50) - - - - (50) Allowance for impairment losses
Tagihan derivatif 980.991 - - - - 980.991 Derivatives receivable
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah 101.376.699 3.515.648 190.457 217.540 2.755.933 108.056.277 receivables/financing
Cadangan kerugian penurunan nilai (1.194.546) (1.079.721) (36.926) (71.670) (993.950) (3.376.813) Allowance for impairment losses
Piutang pembiayaan konsumen 7.291.750 570.507 20.488 33.087 29.897 7.945.729 Consumer financing receivables
Cadangan kerugian penurunan nilai (50.417) (45.329) (11.656) (18.933) (18.953) (145.288) Allowance for impairment losses
Tagihan akseptasi 786.695 - - - - 786.695 Acceptances receivable
Cadangan kerugian penurunan nilai (1.065) - - - - (1.065) Allowance for impairment losses
Tagihan Komitmen 140.165 - - - - 140.165 Commitment Receivables
Liabilitas Komitmen 2.422.293 - - - - 2.422.293 Commitment Liabilities
Tagihan Kontinjensi 14.467 - - - - 14.467 Contingent Receivables
Liabilitas Kontinjensi 1.776.723 3.300 - - - 1.780.023 Contingent Liabilities
Estimasi kerugian pada komitmen Estimated losses on commitment and
dan kontijensi (113.736) (6.467) - - - (120.203) contigencies
289
2024 Annual Report PT Bank Maybank Indonesia Tbk 927
Page 930
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
f. Posisi devisa neto f. Net open position
Pengelolaan posisi devisa neto Bank dilakukan The Bank’s foreign currency position is being
untuk selalu memenuhi ketentuan Bank managed to meet the Bank Indonesia regulation
Indonesia yang mensyaratkan Bank untuk that require the Bank to maintain aggregate net
memelihara Posisi Devisa Neto ("PDN") open position for all foreign currencies not
keseluruhan untuk seluruh valuta asing tidak exceeding 20.00% of the Bank’s capital (Tier I
melebihi 20,00% dari modal Bank (Tier I dan II). and II).
Berikut ini adalah posisi devisa neto Bank per Following is the Bank’s foreign currency net
tanggal 31 Desember 2024 dan 2023: open position as of December 31, 2024 and
2023:
31 Desember/December 31, 2024
Aset/Assets Liabilitas/Liabilities
Laporan Laporan
Posisi Keuangan Posisi Keuangan
dan Rekening dan Rekening
Administratif/ Administratif/
Statement Statement
of Financial Position of Financial Position
41020000_01 and Off-Balance and Off-Balance Nilai neto absolut/
Mata uang Sheet Sheet Net absolute value Currencies
Dolar Amerika Serikat 81.923.024 82.793.944 870.920 United States Dollar
Dolar Australia 570.735 514.430 56.305 Australian Dollar
Dolar Kanada 4.107 10.906 6.799 Canadian Dollar
Frank Swiss 6.758 10.895 4.137 Swiss Franc
Euro Eropa 1.671.235 1.631.229 40.006 European Euro
Poundsterling Inggris 91.123 67.279 23.844 Great Britain Poundsterling
Dolar Hong Kong 7.906 12.101 4.195 Hong Kong Dollar
Rupee India 430.209 481.186 50.977 Indian Rupee
Yen Jepang 10.389.468 10.560.983 171.515 Japanese Yen
Ringgit Malaysia 36.202 20.668 15.534 Malaysian Ringgit
Dolar Selandia Baru 6.628 3 6.625 New Zealand Dollar
Riyal Arab Saudi 1.618 - 1.618 Saudi Arabian Riyal
Dolar Singapura 1.248.991 1.130.101 118.890 Singapore Dollar
Yuan Tiongkok 228.671 182.663 46.008 Chinese Yuan
Baht Thailand 2.551 17 2.534 Thailand Baht
Jumlah 1.419.907 Total
Modal 24.889.305 Capital
Rasio Posisi Devisa Neto Net Open Position Ratio
(Laporan posisi keuangan dan (Statement of Financial Position
rekening administratif) 5,70% and off-balance sheet)
290
928 2024 Annual Report
Page 931
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
f. Posisi devisa neto (lanjutan) f. Net open position (continued)
31 Desember/December 31, 2023
Aset/Assets Liabilitas/Liabilities
Laporan Laporan
Posisi Keuangan Posisi Keuangan
dan Rekening dan Rekening
Administratif/ Administratif/
Statement Statement
of Financial Position of Financial Position
41020000_01 and Off-Balance and Off-Balance Nilai neto absolut/
Mata uang Sheet Sheet Net absolute value Currencies
Dolar Amerika Serikat 69.350.958 70.116.852 765.894 United States Dollar
Dolar Australia 476.523 411.507 65.016 Australian Dollar
Dolar Kanada 5.242 7.985 2.743 Canadian Dollar
Frank Swiss 18.604 22.251 3.647 Swiss Franc
Euro Eropa 1.499.741 1.451.032 48.709 European Euro
Poundsterling Inggris 213.448 193.045 20.403 Great Britain Poundsterling
Dolar Hong Kong 10.104 12.302 2.198 Hong Kong Dollar
Rupee India 209.875 150.617 59.258 Indian Rupee
Yen Jepang 7.036.330 7.073.570 37.240 Japanese Yen
Ringgit Malaysia 83.516 52.925 30.591 Malaysian Ringgit
Dolar Selandia Baru 7.677 - 7.677 New Zealand Dollar
Riyal Arab Saudi 1.463 - 1.463 Saudi Arabian Riyal
Dolar Singapura 1.359.827 1.261.882 97.945 Singapore Dollar
Yuan Tiongkok 76.857 73.251 3.606 Chinese Yuan
Baht Thailand 1.616 - 1.616 Thailand Baht
Jumlah 1.148.006 Total
Modal 24.878.144 Capital
Rasio Posisi Devisa Neto Net Open Position Ratio
(Laporan posisi keuangan dan (Statement of financial position
rekening administratif) 4,61% and off-balance sheet)
291
2024 Annual Report PT Bank Maybank Indonesia Tbk 929
Page 932
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko g. Risk Management
Manajemen Risiko Terintegrasi Integrated Risk Management
Sesuai Peraturan Otoritas Jasa Keuangan In accordance with Financial Services Authority
(POJK) No. 17/POJK.03/2014 tentang (POJK) Regulation No. 17/POJK.03/2014 on
Penerapan Manajemen Risiko Terintegrasi Integrated Risk Management Implementation
Bagi Konglomerasi Keuangan, Bank telah for Financial Conglomeration, the Bank has
ditunjuk sebagai Entitas Utama dalam been appointed as the Main Entity of Maybank
Konglomerasi Keuangan Maybank Indonesia. Indonesia Financial Conglomeration. As follow
Sebagai tindak lanjut atas penunjukkan up to the appointment, the Bank has
tersebut, Bank telah membentuk Satuan established Integrated Risk Management
Kerja Manajemen Risiko Terintegrasi, Working Group, conducted Integrated Risk
melaksanakan Komite Manajemen Risiko Management Committee, established
Terintegrasi, menyusun Kebijakan Integrated Risk Management Policy and
Manajemen Risiko Terintegrasi, dan submitted Integrated Risk Profile Report and
melaporkan Laporan Profil Risiko Terintegrasi Integrated Minimum Capital Requirement to
serta Laporan Kewajiban Penyediaan Modal Financial Services Authority in periodic basis
Minimum Terintegrasi kepada Otoritas Jasa according to the relevant regulation.
Keuangan secara rutin sesuai ketentuan
yang berlaku.
Profil Risiko Risk Profile
Secara berkala, Bank membuat laporan profil Periodically, the Bank prepares a risk profile
risiko yang mencerminkan tingkat risiko yang report that reflects the Bank’s risk in accordance
dimiliki Bank berdasarkan 8 (delapan) jenis with Financial Services Authority’s 8 (eight)
risiko yang ditetapkan Otoritas Jasa Keuangan, types of risks, which are: credit risk, market risk,
yaitu: risiko kredit, risiko pasar, risiko likuiditas, liquidity risk, operational risk, legal risk,
risiko operasional, risiko hukum, risiko compliance risk, reputation risk and strategic
kepatuhan, risiko reputasi, dan risiko stratejik. risk.
Penilaian profil risiko Bank terkait dengan Unit The Bank’s risk profile assessment on Sharia
Usaha Syariah juga telah memperhitungkan Business Unit has accounted the rate of return
Risiko Imbal Hasil (rate of return risk) dan risk and equity investment risk in accordance
Risiko Investasi (equity investment risk) with Financial Services Authority Regulation
sebagaimana diatur dalam Peraturan Otoritas (POJK) No. 8/POJK.03/2014 on Sharia
Jasa Keuangan (POJK) Commercial Bank and Sharia Business Unit
No. 8/POJK.03/2014 tentang Penilaian Tingkat Soundness Assessment.
Kesehatan Bank Umum Syariah dan Unit
Usaha Syariah.
292
930 2024 Annual Report
Page 933
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Profil Risiko (lanjutan) Risk Profile (continued)
Penilaian profil risiko terintegrasi konglomerasi Integrated risk profile assessment of Maybank
keuangan Maybank Indonesia juga telah Indonesia financial conglomerates has taken
mengakomodasi risiko yang dimiliki oleh into account risk embedded in subsidiaries and
perusahaan anak dan perusahaan terelasi sister companies, including insurance risk.
termasuk risiko asuransi.
Terhadap penerapan Basel III, khususnya On Basel Ill implementation, especially in terms
dalam hal permodalan dan likuiditas, Bank of capital and liquidity, the Bank refers to
mengacu kepada Peraturan Otoritas Jasa Financial Services Authority Regulation (POJK)
Keuangan (POJK) No.34/POJK.03/2016 No.34/POJK.03/2016 on the amendments of
tentang Perubahan Atas POJK POJK No.11/POJK.03/2016 concerning
No.11/POJK.03/2016 tentang Kewajiban Minimum Capital Requirement for Commercial
Penyediaan Modal Minimum Bank Umum, Banks, Financial Services Authority Regulation
Peraturan Otoritas Jasa Keuangan (POJK) (POJK) No. 42/POJK.03/2015 on Liquidity
No. 42/POJK.03/2015 tentang Kewajiban Coverage Ratio, and POJK No. 2/POJK.03/2018
Pemenuhan Rasio Kecukupan Likuiditas on appointment of Systemically Important Bank
(Liquidity Coverage Ratio) Bagi Bank Umum, and Capital Surcharge.
dan POJK No. 2/POJK.03/2018 tentang
Penetapan Bank Sistematik dan Capital
Surcharge.
Dalam perhitungan Aset Tertimbang Menurut To calculate Credit Risk Weighted Asset, the
Risiko untuk Risiko Kredit, Bank telah Bank has implemented credit risk capital
mengimplementasikan metode perhitungan adequacy calculation method that is in line with
kecukupan modal untuk risiko kredit sesuai Financial Services Authority Circular Letter
dengan Surat Edaran Otoritas Jasa Keuangan (SEOJK) No. 24/SEOJK.03/2021 on Risk
(SEOJK) No.24/SEOJK.03/2021 mengenai Weighted Asset (RWA) for Credit Risk
Perhitungan Aset Tertimbang Menurut Risiko Standardized Approach, as well as SEOJK
(ATMR) untuk Risiko Kredit Menggunakan No.48/SEOJK.03/2017 on the Calculation of
Pendekatan Standar, Bagi Bank Umum dan Derivative Net Exposures Transaction to
juga SEOJK No.48/SEOJK.03/ 2017 tentang calculate Credit Risk Weighted Asset with
Pedoman Perhitungan Tagihan Bersih Standardized Approach and SEOJK
Transaksi Derivatif dalam Perhitungan Aset No.16/SEOJK.03/2023 concerning Capital
Tertimbang Menurut Risiko untuk Risiko Kredit Calculations for Bank Exposure to Central
dengan Menggunakan Pendekatan Standar Counterparty Institutions.
serta SEOJK No.16/SEOJK.03/2023 tentang
Perhitungan Permodalan untuk Eksposur Bank
terhadap Lembaga Central Counterparty.
Sesuai dengan SEOJK No.6/SEOJK.03/2020 In accordance with SEOJK
tentang Perhitungan Aset Tertimbang Menurut No.6/SEOJK.03/2020 concerning Calculation of
Risiko untuk Risiko Operasional dengan Risk-Weighted Assets for Operational Risk
Menggunakan Pendekatan Standar Bagi Bank Using a Standardized Approach for Commercial
Umum, Bank telah melakukan perhitungan Banks, the Bank has calculated Operational
ATMR Risiko Operasional dengan Risk Weighted Asset using a Standardized
menggunakan Standardized Approach. Approach.
293
2024 Annual Report PT Bank Maybank Indonesia Tbk 931
Page 934
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Rencana Aksi Recovery Plan
Bank melakukan pengkinian Rencana Aksi The Bank has regularly reviewed Bank’s
Bank secara berkala sebagaimana ditetapkan Recovery Plan in accordance with POJK No.
dalam POJK No.14/POJK.03/2017 tentang 14/POJK.03/2017 concerning Recovery Plan
Rencana Aksi (Recovery Plan) Bagi Bank for Systemic Banks and also accordance with
Sistemik dan selanjutnya diatur sesuai POJK POJK No. 5 Year 2024 concerning Penetapan
No.5 tahun 2024 tentang Penetapan Status Status Pengawasan dan Penanganan
Pengawasan dan Penanganan Bank Umum. Permasalahan Bank Umum. The submission of
Penyampaian pengkinian tahunan Rencana latest annual review Recovery Plan has been
Aksi terbaru yang telah disampaikan kepada submitted to OJK with reference to letter dated
OJK melalui surat tertanggal 29 November November 29, 2024 and will be approved from
2024 dan akan memperoleh persetujuan Shareholders on General Meeting on
Pemegang Saham dalam Rapat Umum Shareholders (GMS) 2025.
Pemegang Saham (RUPS) 2025.
Risiko Kredit Credit Risk
Program stimulus Covid-19 diperpanjang The Covid-19 stimulus program will be
hingga 31 Maret 2024 sesuai Keputusan extended up to March 31, 2024 as per OJK
Dewan Komisioner (KDK) OJK No. Board of Commissioners Decree No.
34/KDK.03/2022 tentang Penetapan Sektor 34/KDK.03/2022 on the Designation of the
Penyediaan Akomodasi dan Penyediaan Accommodation Services Sector and Food &
Makan Minum, Sektor Tekstil dan Produk Beverage Supply, Textile & Textile Products
Tekstil Serta Alas Kaki, Segmen Usaha Mikro, and Footwear Sector, Micro, Small and Medium
Kecil dan Menengah, serta Provinsi Bali Enterprises Segment, and Bali Province as
sebagai Sektor dan Daerah yang Memerlukan Sectors and Regions that Require Special
Perlakuan Khusus Terhadap Kredit atau Treatment for Bank Credit or Financing. Some
Pembiayaan Bank. Beberapa poin yang points conveyed in the policy are:
disampaikan dalam kebijakan tersebut adalah:
1) Kriteria debitur yang memperoleh 1) Criteria for debtors who that may receive
relaksasi atau perlakuan khusus dari relaxation or special treatment from
wabah Covid-19. outbreak Covid-19.
2) Peningkatan kualitas kredit menjadi 2) Improvement of credit quality to current after
Lancar setelah restrukturisasi. restructuring.
3) Skema restrukturisasi sebagaimana diatur 3) Restructuring scheme as regulated by OJK.
oleh OJK.
4) Stimulus berlaku hingga 31 Maret 2024. 4) Stimulus applicable up to March 31, 2024.
294
932 2024 Annual Report
Page 935
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Kredit (lanjutan) Credit Risk (lanjutan)
Program stimulus Covid-19 diperpanjang The Covid-19 stimulus program will be
hingga 31 Maret 2024 sesuai Keputusan extended up to March 31, 2024 as per OJK
Dewan Komisioner (KDK) OJK No. Board of Commissioners Decree No.
34/KDK.03/2022 tentang Penetapan Sektor 34/KDK.03/2022 on the Designation of the
Penyediaan Akomodasi dan Penyediaan Accommodation Services Sector and Food &
Makan Minum, Sektor Tekstil dan Produk Beverage Supply, Textile & Textile Products
Tekstil Serta Alas Kaki, Segmen Usaha Mikro, and Footwear Sector, Micro, Small and Medium
Kecil dan Menengah, serta Provinsi Bali Enterprises Segment, and Bali Province as
sebagai Sektor dan Daerah yang Memerlukan Sectors and Regions that Require Special
Perlakuan Khusus Terhadap Kredit atau Treatment for Bank Credit or Financing. Some
Pembiayaan Bank. Beberapa poin yang points conveyed in the policy are: (continued)
disampaikan dalam kebijakan tersebut adalah:
(lanjutan)
5) Dalam menerapkan kebijakan yang 5) In implementing the policies to stimulate
mendukung stimulus pertumbuhan economic growth, Banks must apply Risk
ekonomi, bank menerapkan manajemen Management practices at minimum as
risiko yang paling sedikit meliputi: follows:
a. Memiliki pedoman untuk menetapkan a. Owns Guideline(s) in determining which
debitur yang terkena dampak penyebaran customers / borrowers affected by Covid-
Covid-19, 19 pandemic,
b. Melakukan penilaian terhadap debitur b. Performs assessment towards borrowers
yang mampu terus bertahan dari dampak who are able to withstand the Covid-19
Covid-19 dan masih memiliki prospek pandemic while still retaining its business
usaha sehingga dapat diberikan prospect; hence, such borrowers are
restrukturisasi kredit/pembiayaan, applicable for loan/financing restructuring,
c. Membentuk cadangan untuk debitur yang c. Allocates allowances for borrowers who
dinilai tidak lagi mampu bertahan setelah were assessed to not be able to withstand
dilakukan restrukturisasi kredit even after undergone loan /financing
/pembiayaan, dan restructuring, and
d. Melakukan uji ketahanan secara berkala d. Performs periodical stress testing against
terhadap potensi penurunan kualitas potential quality deterioration of
kredit atau pembiayaan yang restructured loan/ financing, as well as its
direstrukturisasi dan pengaruhnya effects towards Bank's equity and liquidity.
terhadap likuiditas dan permodalan Bank.
295
2024 Annual Report PT Bank Maybank Indonesia Tbk 933
Page 936
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Kredit (lanjutan) Credit Risk (continued)
Selain itu, berdasarkan Surat dari Kepala In addition, based on a Letter from the Chief
Eksekutif Pengawas Perbankan No. S- Executive of Banking Supervision No. S-
7/D.03/2020 tentang “Implementasi PSAK 109 7/D.03/2020 concerning "Implementation of
dan 113 selama wabah Covid-19” SFAS 109 and 113 during outbreak Covid-19"
menyampaikan penerapan PSAK 109 sebagai convey the application of SFAS 109 as follows:
berikut:
1) Mematuhi dan melaksanakan POJK 1) Comply and apply POJK 11/POJK.03/2020
11/POJK.03/2020 serta mengidentifikasi and identify previously good debtor which
debitur berkinerja baik namun menurun deteriorating due to Covid-19.
kinerjanya karena terdampak Covid-19.
2) Menerapkan skema restrukturisasi 2) Applying restructuring scheme based on
mengacu pada hasil asesmen yang akurat an accurate assessment for debtors
untuk debitur yang terdampak Covid-19 impacted by Covid-19 for maximum period
dengan jangka waktu maksimum 1 tahun. of 1 year.
3) Menggolongkan debitur yang 3) Classify restructured debtors to Stage 1
mendapatkan skema restrukturisasi dalam and no additional provision needed.
Stage 1 dan tidak dibutuhkan tambahan
pencadangan.
4) Melakukan identifikasi dan monitoring 4) Continuously identify, monitor resctructured
secara berkelanjutan serta berjaga-jaga debtor and consider whether additional
untuk melakukan pembentukan CKPN provision might be needed in the event of
apabila debitur yang telah mendapatkan debtor performance is deteriorate and
fasilitas restrukturisasi mengalami cannot be recovered after
penurunan kinerja dan tidak dapat pulih resctructuring/impact of Covid-19 is over.
pasca restrukturisasi/dampak Covid-19
berakhir.
Menyikapi kondisi saat ini, Bank telah In response to the current condition, Bank has
menyusun kebijakan khusus dan prosedur established specific policy and supporting
pendukungnya terkait penanganan debitur procedures related to handling of debtors
yang terkena dampak Covid-19 yang antara affected by Covid-19, which include:
lain mencakup:
1) Penetapan kualitas aset; 1) Determination of asset quality;
2) Restrukturisasi kredit atau pembiayaan 2) Restructuring of Loan or financing
termasuk penyediaan dana lain; included other earning asset;
3) Penurunan nilai kredit; dan 3) Loan impairment; and
4) Pemantauan dan pelaporan. 4) Monitoring dan reporting.
Kebijakan Bank diperbaharui sesuai dengan Bank’s policy is updated according to the
kondisi atau perubahan kebijakan regulator. conditions or changes in the regulator’s policy.
296
934 2024 Annual Report
Page 937
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Operasional Operational Risk (continued)
Berdasarkan Peraturan OJK No. Based on OJK regulation No.
18/POJK.03/2016, risiko operasional adalah 18/POJK.03/2016, operational risk is the risk
risiko akibat ketidakcukupan dan/atau tidak arising from the inadequacy and/or
berfungsinya proses internal, kesalahan malfunctioning of internal processes, human
manusia, kegagalan sistem, dan/atau adanya errors, system failures, and/or external events
kejadian-kejadian eksternal yang that effect Bank’s operations. The scope of
mempengaruhi operasional Bank. Termasuk operational risks includes legal risk but
risiko hukum namun tidak termasuk risiko excludes strategic risk and reputation risk.
strategis dan risiko reputasi.
Model tata kelola risiko operasional untuk Bank The operational risk governance model for the
memberikan tata kelola yang formal, transparan Bank provides formalized, transparent and
dan konsisten yang secara jelas menegaskan consistent governance which clearly defines the
tugas dan tanggung jawab serta alur pelaporan roles and responsibilities as well as reporting
untuk mengelola risiko operasional dalam Bank flow for managing operational risk at the Bank
dan entitas anak secara efektif. Model tata and subsidiaries effectively. The bank's
kelola risiko operasional bank didasarkan pada operational risk governance model is based on
tiga lini pertahanan (Three Line of Defense) three lines of defense (Three Line of Defense)
yang sejalan dengan Kerangka Kerja which are in line with the Risk Management
Manajemen Risiko dan telah diregulasi dalam Framework and have been regulated in
kebijakan dan prosedur risiko operasional untuk operational risk policies and procedures to
memastikan pengelolaan risiko operasional ensure effective operational risk management
yang efektif bagi seluruh bagian di bank. Model for all parts of the bank. The Governance model
tata kelola bertujuan untuk menempatkan aims to place accountability to operational risk
akuntabilitas terhadap risiko operasional yang that may arise and simultaneously facilitates the
mungkin timbul serta pada saat yang segregation of duties independently between
bersamaan memfasilitasi pemisahan tugas the risk-taking units, risk control units and the
secara independen antara risk taking units, unit functions of the Internal Audit Unit.
pengendali risiko dan fungsi Satuan Kerja Audit
Internal.
Manajemen telah membentuk perangkat risiko Management has established operational risk
operasional yang saling melengkapi untuk tools that complement each other to develop an
mengembangkan manajemen risiko effective operational risk management, as
operasional yang efektif, yaitu: follows:
1. Risk and Control Self-Assessment 2. Risk and Control Self-Assessment
(“RCSA”) (“RCSA”)
RCSA merupakan proses terstruktur dalam RCSA sets out a structured process for the
mengidentifikasi dan menilai risiko identification and assessment of inherent
operasional yang melekat (inherent) dan operational risk and controls effectiveness
keefektifan kontrol pada operasional bisnis, in the business operations, leveraging on
dengan memanfaatkan pengetahuan, the knowledge, experience and expert
pengalaman dan expert opinion dari pemilik opinions of business process/risk owners.
bisnis proses/risiko.
297
2024 Annual Report PT Bank Maybank Indonesia Tbk 935
Page 938
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Operasional (lanjutan) Operational Risk (continued)
Manajemen telah membentuk perangkat risiko Management has established operational risk
operasional yang saling melengkapi untuk tools that complement each other to develop an
mengembangkan manajemen risiko effective operational risk management, as
operasional yang efektif, yaitu: (lanjutan) follows: (continued)
2. Key Risk Indicators (“KRI”) 2. Key Risk Indicators (“KRI”)
Key Risk Indicators (“KRI”) merupakan Key Risk Indicators (“KRI”) provides a
proses terstruktur untuk mengukur dan structured process to measure and monitor
memantau eksposur risiko yang sangat the very high or extreme risk exposures
tinggi atau ekstrim dalam operasional bisnis within the business operations by way of
dengan cara menetapkan indikator yang establishing indicators that serves as early
berfungsi sebagai sinyal peringatan dini warning signal on key operational risk areas
pada area risiko operasional utama dengan with exposure levels potentially exceeding
tingkat eksposur yang berpotensi melebihi tolerable risk appetite/limits which have
toleransi/batas appetite risiko yang telah been established.
ditetapkan.
3. Incident Management and Data Collection 3. Incident Management and Data Collection
(“IMDC”) (“IMDC”)
IMDC merupakan proses yang terstruktur IMDC provides a structured process for the
dalam pengelolaan insiden risiko management of operational risk incidents
operasional yang terjadi, dari mulai that have occurred, from the point of
ditemukannya hingga penyelesaian insiden. discovery until resolution. It includes the
Hal ini termasuk pengumpulan data dan collection and analysis of Actual Losses,
analisis dari Kerugian Aktual, Kerugian Potential Losses and Near Misses
Potensial dan Insiden Near Miss. Incidents.
Bank telah menetapkan risk appetite untuk The Bank has determined the risk appetite for
risiko operasional yang mengartikulasikan operational risk which articulates effectively the
secara efektif tingkat toleransi risiko Bank dan risk tolerance level of the Bank and
entitas anak. Risk appetite untuk risiko subsidiaries. Risk appetite for operational risk
operasional ditinjau ulang secara berkala dan is periodically reviewed and approved by the
disetujui oleh Komite Manajemen Risiko. Risk Management Committee.
Risiko Reputasi Reputation Risk
Risiko reputasi adalah sebuah risiko yang Reputation risk is a risk caused by declining
berkaitan dengan menurunnya tingkat trust and confidence of stakeholders resulted
kepercayaan pemangku kepentingan yang from acquired negative news due to
diakibatkan dari adanya berita negatif yang unfavourable event/occurrence and/or
dipicu kejadian yang tidak diinginkan, dan/atau perceived image on the Bank. Every activity
suatu persepsi buruk terkait Bank. Setiap carried out by the Bank is prone to reputation
aktivitas Bank rawan terhadap risiko reputasi risk, and negligence to maintain the Bank
dan kelalaian dalam menjaga reputasi Bank reputation could immediately damage the
dapat secara langsung merusak persepsi public’s perception, including customers,
publik, termasuk nasabah, regulator dan regulator and other stakeholders, which may
pemangku kepentingan lainnya. Hal ini akan negatively impact the Bank’s performance,
berdampak negatif terhadap kinerja Bank, revenue and asset value managed by the Bank.
pendapatan dan nilai aset yang dikelola oleh
Bank.
298
936 2024 Annual Report
Page 939
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Reputasi (lanjutan) Reputation Risk (continued)
Untuk memitigasi risiko reputasi, Bank telah To mitigate reputational risk, the Bank has
merumuskan Kebijakan Manajemen Risiko formulated the Reputational Risk Management
Reputasi dalam Peraturan Direksi No. Policy in Board of Directors Regulation No.
PER.DIR.2024.003/PRESDIR dan telah PER.DIR.2024.003/PRESDIR and has
dikomunikasikan ke seluruh divisi/unit communicated it to all divisions/work
kerja/cabang Bank agar pelaksanaannya dapat units/branches of the Bank to ensure its optimal
berjalan secara optimal. Kebijakan Manajemen implementation. The Reputational Risk
Risiko Reputasi telah disusun dengan Management Policy has been prepared in
memperhatikan Peraturan Otoritas Jasa accordance with Financial Services Authority
Keuangan No. 18/POJK.03/2016 tanggal 16 Regulation No. 18/POJK.03/2016 dated March
Maret 2016 tentang Penerapan Manajemen 16, 2016, concerning the Implementation of
Risiko Bank Umum, Surat Edaran Otoritas Jasa Risk Management for Commercial Banks,
Keuangan No. 34/SEOJK.03/2016 tanggal 1 Financial Services Authority Circular Letter No.
September 2016 tentang Penerapan 34/SEOJK.03/2016 dated September 1, 2016,
Manajemen Risiko bagi Bank Umum, Peraturan concerning the Implementation of Risk
Otoritas Jasa Keuangan No.22 Tahun 2023 Management for Commercial Banks, Financial
tentang Pelindungan Konsumen dan Services Authority Regulation No. 22 of 2023
Masyarakat di Sektor Jasa Keuangan, POJK concerning Consumer and Public Protection in
Nomor 17/POJK.03/2014 tentang Penerapan the Financial Services Sector, POJK No.
Manajemen Risiko Terintegrasi Bagi 17/POJK.03/2014 concerning the
Konglomerasi Keuangan, SEOJK Nomor Implementation of Integrated Risk Management
14/SEOJK.03/2015 tentang Penerapan for Financial Conglomerates, SEOJK No.
Manajemen Risiko Terintegrasi Bagi 14/SEOJK.03/2015 concerning the
Konglomerasi Keuangan dan Peraturan Bank Implementation of Integrated Risk Management
Indonesia No. 3 Tahun 2023 tentang for Financial Conglomerates, and Bank
Pelindungan Konsumen Bank Indonesia. Indonesia Regulation No. 3 of 2023 concerning
Consumer Protection by Bank Indonesia.
Demikian juga, Bank memiliki serangkaian Likewise, the Bank has a set of internal
peraturan internal untuk diperhatikan yang regulations to be observed, including Company
meliputi, Peraturan Perusahaan Regulation No. PER.PUR.2023.008/DIR RISK
No.PER.PUR.2023.008/DIR RISK MGMT MGMT concerning the Risk Management
tentang Kerangka Kerja Manajemen Risiko Framework (KKMR), Company Regulation No.
(KKMR), Peraturan Perusahaan PER.PUR.2023.002/DIR RISK MGMT
No.PER.PUR.2023.002/DIR RISK MGMT concerning the Operational Risk Management
tentang Kerangka Kerja Manajemen Risiko Framework (KKMRO), Board of Directors
Operasional (KKMRO), Peraturan Direksi Regulation No. PER.DIR.2023.027/DIR RISK
No.PER.DIR.2023.027/DIR RISK MGMT MGMT concerning the Operational Risk
tentang Prosedur Risiko Operasional Procedure, Company Regulation No.
(Operational Risk Procedure), Peraturan PER.PUR.2022.001/DIR OPS concerning
Perusahaan No.PER.PUR.2022.001/DIR OPS Consumer and Public Protection Policy, and
tentang Kebijakan Perlindungan Konsumen Board of Directors Regulation No.
dan Masyarakat dan Peraturan Direksi PER.DIR.2022.024/DIR OPS concerning
No.PER.DIR.2022.024/DIR OPS tentang Customer Complaint Handling and Resolution.
Penanganan dan Penyelesaian Pengaduan
Nasabah.
299
2024 Annual Report PT Bank Maybank Indonesia Tbk 937
Page 940
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Reputasi (lanjutan) Reputation Risk (continued)
Divisi Corporate and Brand Communications The Bank’s Corporate Communication Division
secara rutin melakukan pemantauan performs routine media monitoring of the news
pemberitaan di media tentang Bank termasuk to monitor the news coverage about the Bank,
memantau publikasi negatif atau keluhan including observing negative publications or
nasabah yang muncul di media. Sedangkan customers’ complaints that appear in the
pengawasan atas keluhan nasabah yang media. The Customer Experience
disampaikan secara langsung ke Bank, Management Division manages the monitoring
ditangani oleh Divisi Customer Experience of customers’ complaints submitted directly to
Management untuk kemudian ditindaklanjuti the Bank for follow-ups. For negative news
penyelesaiannya. Untuk pemberitaan negatif publication and customers’ complaints that
dan keluhan nasabah yang muncul di media appear in the media, the Bank will provide
selanjutnya dibuatkan klarifikasi dan tanggapan clarification and appropriate response and be
sesuai dengan langkah yang ditempuh Bank. delivered according to the steps undertaken by
Upaya memitigasi risiko reputasi juga dilakukan the Bank. Efforts to mitigate the reputation risk
ketika Bank meluncurkan are also undertaken whenever the Bank
produk/layanan/program baru dengan launches a new product/service/program by
menganalisa risiko reputasi yang mungkin analysing the possibility of reputation risk that
timbul dan bagaimana mengantisipasi risiko may arise and anticipate such risk. Moreover,
tersebut. Demikian pula, untuk informasi yang for material or important information to be
bersifat material atau yang penting untuk known by the stakeholders, the Bank’s
diketahui oleh stakeholder, Divisi Corporate Corporate and Brand Communications Division
and Brand Communications bersama Divisi and Customer Experience Management
Customer Experience Management juga Division also prepare guidelines for frontliners
menyiapkan panduan bagi para frontliner dan and spokespersons so that they can explain the
spokespersons agar mereka dapat information correctly and proportionately to
menjelaskan informasi tersebut secara benar customers and other stakeholders.
dan proporsional kepada nasabah dan
stakeholder lainnya.
Risiko Hukum Legal Risk
Risiko hukum adalah risiko akibat tuntutan Legal risk is the risk related to legal claims
hukum dan/atau kelemahan aspek yuridis. and/or weakness in the legal aspect. Such
Kelemahan aspek yuridis tersebut antara lain weakness in legal aspect is caused, among
disebabkan oleh ketiadaan peraturan others, by the lack of the supporting legislation
perundang-undangan yang mendukung atau or weakness of the contracts such as
kelemahan perikatan seperti tidak dipenuhinya incomplete requirements for a valid contract
syarat sahnya kontrak dan pengikatan and imperfect document contract. Legal risk
dokumen yang tidak sempurna. Risiko hukum can also arise from changes in legal
dapat juga timbul dari adanya perubahan provisions and prevailing laws and
ketentuan hukum dan peraturan perundang- regulations, and the implementation of court
undangan yang berlaku, serta pelaksanaan decisions that can result in losses for the
putusan Pengadilan yang dapat Bank.
mengakibatkan kerugian bagi Bank.
300
938 2024 Annual Report
Page 941
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Hukum (lanjutan) Legal Risk (continued)
Sebagai sebuah perusahaan yang berdiri dalam As a company which is governed by the laws of
yuridiksi hukum Republik Indonesia, Bank harus the Republic of Indonesia, the Bank should
selalu tunduk terhadap segala peraturan hukum always comply with all such laws and
Indonesia termasuk yang dikeluarkan oleh regulations including regulations issued by
regulator terkait antara lain Otoritas Jasa respective regulator among others Financial
Keuangan dan Bank Indonesia. Selain itu, Bank Services Authority and Bank Indonesia. In
juga harus mengikuti segala bentuk peraturan addition, the Bank should also follow all
perundangan yang berlaku di masyarakat baik prevailing rules and regulations in the society
yang terkait secara langsung maupun tidak whether directly or indirectly related with the
langsung dengan kegiatan usaha Bank. business activities conducted by the Bank.
Kegagalan Bank dalam mengikuti peraturan Failure by the Bank to comply with such
hukum yang berlaku dapat mengakibatkan prevailing laws and regulations may give rise to
pada timbulnya tuntutan hukum yang akan legal claims against the Bank. If legal claims
ditujukan kepada Bank. Apabila tuntutan- against the Bank are material in amounts, then
tuntutan hukum yang diajukan kepada Bank it may directly affect the Bank’s financial
memiliki nilai yang material, maka hal tersebut performance.
dapat memberikan dampak secara langsung
terhadap kinerja keuangan Bank.
Untuk memitigasi risiko hukum yang mungkin To mitigate the possible legal risk caused by
timbul akibat tuntutan hukum atau kelemahan legal claims or weaknesses in legal aspects, the
aspek yuridis, Bank memiliki Unit Corporate Bank has a Corporate Legal Unit which
Legal yang tergabung dalam Unit Kerja incorporated in the Corporate Legal and
Corporate Legal and Litigation. Unit Corporate Litigation Unit. Corporate Legal Unit has the
Legal memiliki peranan antara lain sebagai following functions among others:
berikut:
Corporate Legal: Corporate Legal:
1) Memberikan analisa, advis/kajian hukum 1) Provide legal analysis, advice, and reviews
kepada Direksi, Dewan Komisaris dan to the Board of Directors, Board of
seluruh unit kerja pada setiap jenjang Commissioners, and all organizational units
organisasi; at every level;
2) Melakukan analisa/advis hukum atas 2) Conduct legal analysis and advice on the
inisiatif penyusunan produk, layanan dan development of products, services, and
jasa/aktivitas Bank, proyek baru serta activities of the Bank, including new
membuat kebijakan, standar dokumen projects, and formulate policies and
hukum yang terkait dengan produk, jasa, standard legal documents related to those
layanan dan aktivitas tersebut; products, services, and activities;
3) Memberikan advis/kajian hukum terkait 3) Provide legal advice or reviews concerning
dengan eksposur risiko hukum atas suatu legal risk exposure from transactions,
transaksi baik di tingkat korporat, transaksi whether at the corporate level,
kredit/pembiyaan maupun transaksi yang credit/financing transactions, or transactions
terjadi sebagai akibat dari suatu perjanjian arising from cooperative agreements with
kerja sama dengan Debitur / Nasabah atau Debtors/Customers or business partners;
mitra kerjasama;
301
2024 Annual Report PT Bank Maybank Indonesia Tbk 939
Page 942
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Hukum (lanjutan) Legal Risk (continued)
Corporate Legal: (lanjutan) Corporate Legal: (continued)
4) Melakukan review berkala atas perjanjian 4) Perform periodic reviews of agreements
dan atau dokumen standard yang telah and/or standard documents that have been
dibuat; prepared;
5) Melakukan analisa dan pemantauan 5) Analyze and monitor legal risk
terhadap manajemen risiko hukum; management;
6) Secara berkala memberikan pelatihan- 6) Regularly provide legal training to relevant
pelatihan terkait dengan materi hukum Bank units and/or employees;
kepada unit kerja dan atau karyawan Bank
yang relevan;
7) Melakukan diseminiasi kebijakan kebijakan 7) Disseminate policies related to legal
terkait hukum. matters.
Litigasi: Litigation:
1) Menyusun strategi penanganan perkara 1) Develop strategies for handling civil,
perdata, pidana, kepailitan dan hal-hal lain criminal, bankruptcy cases, and other
yang terkait dengan penanganan perkara matters related to case handling, ensuring
dan memastikan bahwa kepentingan Bank, that the interests of the Bank, management,
manajemen dan karyawan Bank terlindungi and employees are legally protected;
secara hukum;
2) Mewakili dan bertindak sebagai pembela, 2) Represent and act as a defender, advisor,
penasihat dan atau kuasa hukum and/or legal representative of the company,
perusahaan, manajemen dan karyawan management, and Bank employees,
Bank dalam melakukan pendampingan providing assistance in interactions with law
dalam interaksi dengan aparat penegak enforcement, courts, and other relevant
hukum, pengadilan dan atau instansi agencies;
instansi terkait; 3) Provide or prepare legal reviews related to
3) Memberikan/membuat kajian hukum terkait the implementation or formulation of
terkait dengan pelaksanaan atau policies, products, services, and Bank
pembuatan suatu kebijakan, produk, jasa activities;
dan layanan Bank;
4) Melakukan kordinasi dengan konsultan 4) Coordinate with legal consultants,
hukum, otoritas atau instansi instansi atau authorities, or law enforcement agencies at
lembaga penegak hukum baik di tingkat central, regional, or branch levels regarding
pemerintah pusat, regional maupun cabang the handling and resolution of cases.
yang berkaitan dengan penanganan dan
penyelesaian perkara.
Dengan adanya Unit Corporate Legal, maka Based on the above, the implementation of legal
pelaksanaan kebijakan dan standar dokumen policy and standard legal document related to the
hukum yang terkait dengan produk, jasa dan/atau product, service and/ or banking facilities offered
fasilitas perbankan yang ditawarkan oleh Bank by the Bank to public, whereby the legal policy
kepada masyarakat, dimana kebijakan hukum and legal document standards are intentionally
dan standar dokumen hukum dimaksud dibuat made in accordance with the prevailing laws and
dengan mengacu kepada ketentuan peraturan regulations also considering the interests in the
perundangan yang berlaku serta memperhatikan legal aspect of the Bank.
kepentingan aspek yuridis dari Bank.
302
940 2024 Annual Report
Page 943
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Hukum (lanjutan) Legal Risk (continued)
Selain itu, Bank juga memiliki unit Litigasi yang In addition, the Bank also has a Litigation unit
tergabung juga didalam unit kerja Corporate which also incorporated in the Corporate Legal
Legal and Litigation yang salah satu fungsinya and Litigation Unit, which one of its functions is
adalah menangani setiap permasalahan hukum to handle every legal case related to litigation
yang terkait dengan kasus litigasi agar risiko so that the possible legal risk can be minimized
hukum yang mungkin timbul dapat diminimalisir as minimum as possible.
seminimal mungkin.
Pengelolaan risiko hukum dilakukan dengan The legal risk is also conducted by monitoring
memantau perkembangan kasus-kasus hukum the development of legal cases and take
yang terjadi dan mengambil lessons learnt dari `lessons learnt' principle from those cases. The
kasus-kasus tersebut. Penanganan kasus management of legal cases conducted by the
hukum yang dilakukan pada Bank senantiasa Bank at all time calculating potential loss, either
memperhitungkan potensi kerugian baik atas through settlement or court. The Bank also pays
penyelesaian kasus secara damai ataupun special attention in managing legal cases which
melalui jalur pengadilan. Bank juga memberikan potentially may create significant loss to the
perhatian khusus atas penanganan kasus Bank.
hukum yang berpotensi menimbulkan kerugian
secara signifikan.
Risiko Kepatuhan Compliance Risk
Risiko kepatuhan merupakan risiko akibat Bank Compliance risk is the risks resulting from the
tidak mematuhi dan/atau tidak melaksanakan failure of the Bank in fulfilling and/or
peraturan perundang-undangan dan ketentuan implementing the prevailing laws and
yang berlaku termasuk prinsip syariah bagi unit regulations including sharia principles for sharia
usaha syariah. Dalam menjalankan kegiatan business unit. In engaging in the banking
usaha pada industri perbankan, Bank industry services, the Bank is required to always
diwajibkan untuk selalu tunduk terhadap comply with the banking regulations issued by
peraturan perbankan yang diterbitkan baik oleh the government and Bank Indonesia or
pemerintah maupun Bank Indonesia atau Financial Services Authority. In addition, the
Otoritas Jasa Keuangan. Selain itu, Bank juga Bank is also required to comply with several
wajib tunduk kepada beberapa ketentuan other rules, such as regulation on Deposit
lainnya, seperti peraturan yang mengatur Guarantee Program, Limited Liability Company,
mengenai Penjaminan Simpanan, Perseroan Taxation and Indonesian Stock Exchange
Terbatas, Perpajakan dan Bursa Efek Indonesia regulations and Fatwa of National Sharia
serta Fatwa dari Dewan Syariah Nasional. Council.
303
2024 Annual Report PT Bank Maybank Indonesia Tbk 941
Page 944
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Kepatuhan (lanjutan) Compliance Risk (continued)
Pada umumnya, risiko kepatuhan melekat pada In general, the compliance risk is embedded in
Bank sebagai sebuah lembaga perbankan, the Bank as a banking institution, such as:
antara lain: risiko kredit terkait dengan credit risks related to Legal Lending Limit;
ketentuan Batas Maksimum Pemberian Kredit Capital Adequacy Ratio (“CAR”); Asset Quality
(“BMPK”); Kewajiban Penyediaan Modal Rating; Good Corporate Governance (“GCG”);
Minimum (“KPMM”); Penilaian Kualitas Aset; market risks related to Net Open Position
Penerapan tata kelola yang baik (“GCG”); risiko (“NOP”) regulation, statutory reserve,
pasar terkait dengan ketentuan Posisi Devisa monitoring of risk management and also
Neto (“PDN”), Giro Wajib Minimum (“GWM”); strategic risks related to the Bank's Business
Pemantauan Penerapan Manajemen Risiko, Plan regulation, the Annual Business and
serta risiko stratejik terkait dengan ketentuan Budget Plan, Transparency and Publication of
Rencana Bisnis Bank (“RBB”), Rencana Kerja Bank Report, and other risks related to certain
Anggaran Tahunan (“RKAT”), Transparansi regulations. The inability of the Bank to follow
dan Publikasi Laporan Bank, dan risiko-risiko and comply with all laws and regulations
lain yang terkait dengan ketentuan tertentu. related to the Bank's business activities may
Ketidakmampuan Bank untuk mengikuti dan affect the continuity of the Bank.
mematuhi seluruh peraturan perundangan
yang terkait dengan kegiatan usaha Bank
dapat berdampak terhadap kelangsungan
usaha Bank.
Mitigasi risiko kepatuhan dilakukan dalam Compliance risk mitigation is conducted with
rangka pengendalian aspek kepatuhan yang regards to control aspects of compliance which
setidaknya meliputi: at least include:
a) Melakukan upaya-upaya untuk a) Make efforts to ensure that the policies
memastikan bahwa kebijakan yang issued are related to the determination of
diterbitkan terkait dengan penetapan limit limit risk, consistency of risk management
risiko, konsistensi kebijakan manajemen policies, implementation of compliance at
risiko, penerapan kepatuhan pada jenjang the organizational level, policy divergence
organisasi, kebijakan penyimpangan in decision making to align with applicable
dalam pengambilan keputusan guna organizational structure, compliance
menyelaraskan dengan struktur monitoring policies and whistleblowing
organisasi yang berlaku, kebijakan polices, in accordance with applicable
pemantauan kepatuhan dan kebijakan regulations;
whistleblowing telah sesuai dengan
regulasi yang berlaku;
304
942 2024 Annual Report
Page 945
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Kepatuhan (lanjutan) Compliance Risk (continued)
Mitigasi risiko kepatuhan dilakukan dalam Compliance risk mitigation is conducted with
rangka pengendalian aspek kepatuhan yang regards to control aspects of compliance which
setidaknya meliputi: (lanjutan) at least include: (lanjutan)
b) Melakukan upaya-upaya untuk b) Make efforts to ensure that procedures
memastikan bahwa prosedur terkait related to timeliness communication policy
dengan ketepatan waktu to all employees, control and analysis of
pengkomunikasian kebijakan kepada new products and activities, reporting
seluruh pegawai, pengendalian dan obligations and data system, adequacy of
analisa terhadap produk dan aktivitas supervision of commissioners and
baru, kewajiban pelaporan dan sistem directors, segregation of duties are in
data, kecukupan pengawasan komisaris accordance with applicable regulations;
dan direksi, pemisahan fungsi telah sesuai
dengan regulasi yang berlaku;
c) Sumber daya manusia terkait dengan c) Human resources related to
program kompensasi dan pengelolaan compensation program and performance
kinerja pegawai dan pejabat Bank, management of the Bank’s employees
kecukupan program pelatihan, termasuk and officers, including participating in
kewajiban mengikuti sertifikasi; certification obligation;
d) Keberadaan sistem pemantauan internal d) Existence of internal control system
terkait dengan keefektifan dan related to effectiveness and
independensi fungsi audit; dan independence in audit function; and
e) Keberadaan sistem pemantauan terhadap e) Existence of monitoring system towards
penyimpangan terhadap kebijakan dan deviation of policy and the Bank’s internal
prosedur internal Bank. procedures.
Selain itu, mitigasi risiko kepatuhan juga In addition, the mitigation of compliance risk is
dilakukan oleh Direktur yang membawahkan also conducted by a Director who oversees
fungsi kepatuhan dan/atau melalui Satuan compliance function and/or via the
Kerja Kepatuhan melalui langkah-langkah Compliance Unit by taking, among other, the
antara lain: following steps:
1) Menyusun rencana kepatuhan yang 1) Establish compliance plan which are
disesuaikan dengan kebutuhan dan adjusted to the needs and bank activities
aktivitas bank beserta self-assessment with self-assessment to determine the
untuk menentukan keefektifan standar effectiveness of the compliance standards;
kepatuhan;
305
2024 Annual Report PT Bank Maybank Indonesia Tbk 943
Page 946
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Kepatuhan (lanjutan) Compliance Risk (continued)
Selain itu, mitigasi risiko kepatuhan juga In addition, the mitigation of compliance risk is
dilakukan oleh Direktur yang membawahkan also conducted by a Director who oversees
fungsi kepatuhan dan/atau melalui Satuan compliance function and/or via the Compliance
Kerja Kepatuhan melalui langkah-langkah Unit by taking, among other, the following
antara lain: (lanjutan) steps: (continued)
2) Melakukan analisa kepatuhan untuk 2) Perform compliance analysis to provide
memberikan saran, masukan serta advice, inputs, and also recommendations
rekomendasi atas draft kebijakan internal for the Bank’s draft internal policy including
Bank termasuk review terhadap produk dan review on new products and activities that
aktivitas baru yang akan diterbitkan untuk will be launched to ensure that the internal
memastikan bahwa kebijakan internal yang policies established by the management
dikeluarkan oleh manajemen dan and new products/activities already comply
produk/aktivitas baru tersebut telah sesuai with the prevailing laws and regulations;
dengan peraturan perundang-undangan
yang berlaku;
3) Melakukan pengawasan (monitoring) dan 3) Perform monitoring and ensure the
memastikan kepatuhan terhadap perjanjian compliance with the agreements and
dan komitmen yang dibuat dengan Bank commitments made with Bank Indonesia
Indonesia dan Otoritas Jasa Keuangan, serta and Financial Services Authority, also
bertanggung jawab untuk mengirimkan responsible to submit all progress reports of
semua laporan perkembangan atas temuan the findings and corrective actions to Bank
dan tindakan perbaikan kepada Bank Indonesia and Financial Services Authority,
Indonesia dan Otoritas Jasa Keuangan and also act as liaison officer between Bank
sekaligus bertindak sebagai pejabat perantara Indonesia and Financial Services Authority
antara Bank Indonesia dan Otoritas Jasa and the Bank;
Keuangan dengan Bank;
4) Melakukan upaya-upaya untuk memastikan 4) Ensure that the Bank's policy, regulation,
bahwa kebijakan, ketentuan, sistem dan system and procedure, as well as business
prosedur, serta kegiatan usaha Bank telah activities are complied with the prevailing
sesuai dengan ketentuan Bank Indonesia, regulation of Bank Indonesia and Financial
Otoritas Jasa Keuangan dan peraturan Services Authority and prevailling laws and
perundang-undangan yang berlaku; regulations;
5) Mengoptimalkan fungsi kepatuhan melalui 5) Optimizing the compliance function through
proses pemantauan dan pemeriksaan dari compliance monitoring and testing
segi kepatuhan (pengujian kepatuhan) dan processes, as well as conducting training to
melakukan pelatihan untuk meningkatkan promote a sustainable compliance culture.
budaya kepatuhan yang This initiative is also designed to enhance
berkesinambungan, serta untuk employees' understanding and awareness
meningkatkan pemahaman dan awareness of applicable laws and regulations through
karyawan terhadap peraturan perundang- internal training forums, workshops, and
undangan yang berlaku, antara lain melalui digital platforms such as the LCCA Site/
forum pelatihan internal, workshop, media LCCA Portal;
LCCA Site/LCCA Portal;
306
944 2024 Annual Report
Page 947
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Kepatuhan (lanjutan) Compliance Risk (continued)
Selain itu, mitigasi risiko kepatuhan juga In addition, the mitigation of compliance risk is
dilakukan oleh Direktur yang membawahkan also conducted by a Director who oversees
fungsi kepatuhan dan/atau melalui Satuan compliance function and/or via the Compliance
Kerja Kepatuhan melalui langkah-langkah Unit by taking, among other, the following
antara lain: (lanjutan) steps: (continued)
6) Menerapkan kebijakan program anti 6) Implement anti-money laundering and
pencucian uang dan pencegahan combating financing of terrorism policy as
pendanaan terorisme yang diatur dalam regulated by Financial Service Authority
Peraturan Otoritas Jasa Keuangan dan and Financial Transaction Report and
Pusat Pelaporan dan Analisis Transaksi Analysis Center;
Keuangan;
7) Menerapkan kebijakan strategi anti fraud; 7) Implement a policy of anti fraud strategy;
8) Memastikan penerapan Tata Kelola 8) Ensure that Good Corporate Governance
Perusahaan telah dilakukan oleh Bank, (GCG) has been performed by the Bank,
baik untuk bank konvensional maupun unit both for conventional banks and Sharia
usaha syariah serta penerapan tata kelola business units and the implementation of
terintegrasi. integrated governance.
Risiko Stratejik Strategic Risk
Risiko stratejik adalah risiko akibat Strategic risk is the risk due to inaccurate
ketidaktepatan dalam pengambilan dan/atau decision-making and/or implementation of a
pelaksanaan suatu keputusan stratejik serta strategic decision, and the failure to anticipate
kegagalan dalam mengantisipasi perubahan changes in business environment.
lingkungan bisnis.
Untuk dapat tumbuh dan berkembang In order to grow and develop into a leading
menjadi sebuah institusi keuangan terdepan financial institution in Indonesia, the Bank
di Indonesia, Bank membutuhkan needs to adopt certain strategies. Failure in
serangkaian strategi. Ketidakmampuan dalam formulating the right strategy may deteriorate
menyusun strategi yang tepat dapat the Bank’s business in the future.
menimbulkan kegagalan bisnis Bank di masa
yang akan datang.
Risiko ini juga mencakup kemampuan Bank This risk also includes the Bank’s ability to
dalam menciptakan keunggulan kompetitif di create a competitive edge amidst stiff
tengah kompetisi perbankan yang semakin competition in the banking industry. The
ketat. Ketidakmampuan dalam menghadapi inability to cope with such business
tantangan bisnis tersebut, yang terus challenges, which are constantly changing
mengalami perubahan dari waktu ke waktu, from time to time, will lead to failure in
akan mengakibatkan kegagalan dalam accomplishing the determined vision.
mencapai visi yang selama ini telah
ditetapkan.
307
2024 Annual Report PT Bank Maybank Indonesia Tbk 945
Page 948
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
57. INFORMASI TAMBAHAN YANG TIDAK 57. ADDITIONAL INFORMATION THAT IS NOT
DIPERSYARATKAN OLEH STANDAR REQUIRED BY INDONESIAN ACCOUNTING
AKUNTANSI INDONESIA (lanjutan) STANDARDS (continued)
Informasi tambahan berikut yang disajikan dibawah The following additional information presented
ini merupakan informasi yang disyaratkan oleh below is information required by applicable
regulasi yang berlaku dan bukan/tidak merupakan regulations and is not information required by
informasi yang dipersyaratkan oleh Standar Indonesian Accounting Standards (continued):
Akuntansi Indonesia (lanjutan):
g. Manajemen Risiko (lanjutan) g. Risk Management (continued)
Risiko Stratejik (lanjutan) Strategic Risk (continued)
Demi merealisasikan keuntungan yang In order to realise the expected benefit, the
diharapkan, penerapan keputusan-keputusan implementation of strategic decision must be
stratejik secara disiplin perlu dilaksanakan. conducted in a disciplined manner. To ensure
Untuk menjamin implementasi strategi yang proper strategy implementation, once the
tepat, ketika strategi ditentukan, rencana kerja strategy is determined, detailed action plans
yang terperinci termasuk inisiatif-inisiatif kunci including key initiatives have to be developed,
perlu dikembangkan, dan dipantau and tracked according to the targeted timeline
kesesuaiannya terhadap target jadwal and benefit.
pelaksanaan dan keuntungan.
Pada akhirnya, kesuksesan strategi Bank In the end, success of the Bank’s strategy
harus dapat diukur. Bank memantau ukuran- should be measurable. The Bank monitors
ukuran kunci berikut ini: the following key measures:
• Posisi pasar, diukur dari peringkat aset • Market position, measured by asset size
rank
• Pertumbuhan bisnis, diukur dari • Business growth, measured by year-on-
pertumbuhan tahunan PBT (laba sebelum year PBT (profit before tax) growth
pajak)
• Efisiensi, diukur dari rasio BOPO • Efficiency, measured by BOPO ratio
308
946 2024 Annual Report
Page 949
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
58. TAMBAHAN INFORMASI ARUS KAS 58. SUPPLEMENTARY CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing activities
pendanaan pada laporan arus kas konsolidasian in the consolidated cash flow statement are as
adalah sebagai berikut: follows:
Perubahan
1 Januari/ Arus Kas/Cash Flows Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2024 Proceeds Payment Changes 2024
Pinjaman diterima 7.744.928 6.681.881 - - 14.426.809 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 2.017.063 12.786.023 - - 14.803.086 repurchased agreements
Liabilitas sewa 528.247 - (180.787) 105.930 453.390 Lease liabilities
Surat berharga yang
diterbitkan 4.222.181 1.100.000 (1.637.000) 28.569 3.713.750 Securities issued
Pinjaman Subordinasi 99.451 - - 33 99.484 Subordinated loan
Total 14.611.870 20.567.904 (1.817.787) 134.532 33.496.519 Total
Perubahan
1 Januari/ Arus Kas/Cash Flows Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2023 Proceeds Payment Changes 2023
Pinjaman diterima 9.949.742 - (2.204.814) - 7.744.928 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 111.905 1.905.158 - - 2.017.063 repurchased agreements
Liabilitas sewa 310.691 - (200.340) 417.896 528.247 Lease liabilities
Surat berharga yang
diterbitkan 5.052.418 1.000.000 (1.760.300) (69.937) 4.222.181 Securities issued
Pinjaman Subordinasi 799.707 100.000 (800.000) (256) 99.451 Subordinated loan
Total 16.224.463 3.005.158 (4.965.454) 347.703 14.611.870 Total
309
2024 Annual Report PT Bank Maybank Indonesia Tbk 947
Page 950
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2024 dan untuk Tahun As of December 31, 2024
yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
59. TANGGAL PENYELESAIAN LAPORAN 59. COMPLETION OF THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Manajemen Bank bertanggung jawab atas The management of the Bank is responsible
penyusunan laporan keuangan konsolidasian ini for the preparation of these consolidated financial
yang diselesaikan dan disetujui untuk diterbitkan statements that were completed and authorized
oleh Direksi pada tanggal 20 Februari 2025. to be issued by the Board of Directors on
February 20, 2025
60. INFORMASI KEUANGAN TERSENDIRI ENTITAS 60. PARENT ENTITY’S SEPARATE FINANCIAL
INDUK INFORMATION
Informasi keuangan tersendiri Entitas Induk hanya The Parent Entity’s separate financial information
menyajikan informasi laporan posisi keuangan only presents information on the statement of
tanggal 31 Desember 2024 dan laporan laba rugi financial position as of December 31, 2024 and the
dan penghasilan komprehensif lain, laporan statement of profit or loss and other comprehensive
pesrubahan ekuitas dan laporan arus kas untuk income, the statement of changes in equity and the
tahun yang berakhir pada tanggal tersebut, dan statement of cash flow for the period then ended,
catatan atas investasi pada entitas anak di sajikan and notes on investments in Subsidairies presented
dengan metode biaya. using the cost method.
Laporan keuangan tersendiri Entitas Induk disajikan The Parent Entity’s separate financial statements
pada halaman 311 - 322. are presented on pages 311 - 322.
310
948 2024 Annual Report
Page 951
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK PARENT ENTITY
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2024 2023
ASET ASSETS
Kas 1.855.759 1.564.547 Cash
Giro pada Bank Indonesia 10.696.358 8.152.106 Current accounts with Bank Indonesia
Giro pada bank lain Current accounts with other banks
Pihak berelasi 60.915 96.818 Related parties
Pihak ketiga 2.329.845 1.973.508 Third parties
2.390.760 2.070.326
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (558) (518) impairment losses
Giro pada bank lain - neto 2.390.202 2.069.808 Current accounts with other banks - net
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 2.998.966 2.496.502 and other banks
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - (2.016) impairment losses
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan Bank bank lain - neto 2.998.966 2.494.486 and other banks - net
Efek-efek yang diperdagangkan 1.941.629 1.297.687 Trading securities
Investasi keuangan Financial investments
Pihak berelasi 707.442 735.095 Related parties
Pihak ketiga 39.992.675 30.592.470 Third parties
40.700.117 31.327.565
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1.015) (397) impairment losses
Investasi keuangan - neto 40.699.102 31.327.168 Financial investments - net
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 839.475 2.338.176 resale agreements
Dikurangi: Pendapatan bunga
yang belum diamortisasi (1.052) (5.054) Less: Unamortized interest
838.423 2.333.122
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (147) (50) impairment losses
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali - neto 838.276 2.333.072 resale agreements - net
Tagihan derivatif Derivatives receivable
Pihak berelasi 446.622 273.660 Related parties
Pihak ketiga 934.809 707.331 Third parties
1.381.431 980.991
311
2024 Annual Report PT Bank Maybank Indonesia Tbk 949
Page 952
Main Highlights Management Report Company Profile Management Discussion
and Analysis
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2024 2023
ASET (lanjutan) ASSETS (continued)
Kredit yang diberikan dan Loans and sharia
piutang/pembiayaan syariah receivables/financing
Pihak berelasi 345.858 489.818 Related parties
Pihak ketiga 113.306.317 101.891.551 Third parties
113.652.175 102.381.369
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.754.834) (3.249.831) impairment losses
Kredit yang diberikan dan Loans and sharia
piutang/pembiayaan syariah - neto 109.897.341 99.131.538 receivables/financing - net
Tagihan akseptasi 1.574.241 786.695 Acceptances receivable
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3.176) (1.065) impairment losses
Tagihan akseptasi - neto 1.571.065 785.630 Acceptances receivable - net
Aset pajak tangguhan 572.544 656.745 Deferred tax assets
Aset tetap dan aset hak-guna 5.892.654 5.715.312 Fixed assets and right-of-use assets
Dikurangi: Akumulasi penyusutan (2.163.211) (2.126.058) Less: Accumulated depreciation
Aset tetap dan aset hak-guna - neto 3.729.443 3.589.254 Fixed assets and right-of-use assets- net
Aset tidak berwujud - neto 309.949 307.033 Intangible assets - net
Beban dibayar dimuka dan Prepayments and
aset lain-lain other assets
Pihak berelasi 149.332 112.713 Related parties
Pihak ketiga 4.520.959 3.893.133 Third parties
4.670.291 4.005.846
Dikurangi: Less:
Cadangan kerugian
penurunan nilai (79.643) (85.115) Allowance for impairment losses
Cadangan kerugian (169.840) (165.441) Allowance for possible losses
Beban dibayar dimuka dan Prepayments and
aset lain-lain - neto 4.420.808 3.755.290 other assets - net
JUMLAH ASET 183.302.873 158.445.355 TOTAL ASSETS
312
950 2024 Annual Report
Page 953
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2024 2023
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera Obligations due immediately
Pihak berelasi 1.014 1.775 Related parties
Pihak ketiga 781.055 826.757 Third parties
782.069 828.532
Simpanan nasabah Deposits from customers
Pihak berelasi 805.847 788.993 Related parties
Pihak ketiga 118.599.594 115.094.949 Third parties
119.405.441 115.883.942
Simpanan dari bank lain Deposits from other banks
Pihak berelasi 2.914.963 1.439.158 Related parties
Pihak ketiga 3.105.294 3.343.738 Third parties
6.020.257 4.782.896
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali 14.819.967 2.024.149 agreements
Dikurangi: Beban bunga yang Less: Unamortized
belum diamortisasi (16.881) (7.086) interest
Efek-efek yang dijual dengan janji Securities sold under repurchased
dibeli kembali - neto 14.803.086 2.017.063 agreements - net
Liabilitas derivatif Derivatives payable
Pihak berelasi 508.422 252.713 Related parties
Pihak ketiga 847.999 710.428 Third parties
1.356.421 963.141
Liabilitas akseptasi Acceptances payable
Pihak berelasi 56.085 517 Related parties
Pihak ketiga 1.360.144 511.522 Third parties
1.416.229 512.039
Surat berharga yang diterbitkan Securities issued
Pihak berelasi 3.996 4.985 Related parties
Pihak ketiga 694.490 1.060.319 Third parties
698.486 1.065.304
Pinjaman diterima 9.277.315 2.761.746 Borrowings
Utang pajak 239.702 300.716 Taxes payable
Beban yang masih harus dibayar Accrued expenses
dan liabilitas lain-lain and other liabilities
Pihak berelasi 6.675 2.523 Related parties
Pihak ketiga 3.302.017 3.266.143 Third parties
3.308.692 3.268.666
Pinjaman subordinasi Subordinated loan
Pihak berelasi 99.484 99.451 Related parties
Pihak ketiga - - Third parties
99.484 99.451
JUMLAH LIABILITAS 157.407.182 132.483.496 TOTAL LIABILITIES
313
2024 Annual Report PT Bank Maybank Indonesia Tbk 951
Page 954
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN POSISI KEUANGAN - STATEMENT OF FINANCIAL POSITION -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Tanggal 31 Desember 2024 As of December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December 31
2024 2023
LIABILITAS DAN EKUITAS (lanjutan) LIABILITIES AND EQUITY (continued)
EKUITAS EQUITY
Modal Saham Share Capital
Modal Dasar - Authorized Capital -
476.608.857.231 saham, 476,608,857,231 shares,
terdiri dari: consist of:
388.146.231 saham Seri A 388,146,231 Series A
dengan nilai nominal shares with a par value of
Rp900 (nilai penuh) Rp900 (full amount)
per saham; per share;
8.891.200.000 saham Seri B 8,891,200,000 Series B shares
dengan nilai nominal with a par value of
Rp225 (nilai penuh) Rp225 (full amount)
per saham; dan per share; and
467.329.511.000 saham Seri D 467,329,511,000 Series D
dengan nilai nominal Rp22,50 shares with a par value of Rp22.50
(nilai penuh) per saham (full amount) per share
Modal ditempatkan dan
disetor penuh Issued and paid-up capital
388.146.231 saham Seri A, 388,146,231 Series A Shares,
8.891.200.000 saham Seri B 8,891,200,000 Series B shares
dan 66.935.849.590 saham Seri D 3.855.908 3.855.908 and 66,935,849,590 Series D shares
Tambahan modal disetor 6.357.376 6.357.376 Additional paid-in capital
Surplus revaluasi aset tetap 2.094.567 1.969.935 Fixed assets revaluation surplus
Selisih kurs karena penjabaran Differences arising from the translation of
laporan keuangan dalam mata uang asing 40.793 42.142 foreign currency financial statements
Kerugian yang belum
direalisasi atas perubahan nilai wajar Unrealized losses on changes
investasi keuangan yang diukur pada nilai wajar in fair value of fair value through other
melalui pendapatan komprehensif lain - comprehensive income financial investments -
setelah pajak tangguhan dan cadangan net of deferred tax and expected credit
atas kerugian kredit ekpektasian (350.039) (167.324) loss allowances
Keuntungan aktuarial atas program manfaat pasti Actuarial gains on defined benefit plan
- setelah pajak tangguhan 388.017 319.787 - net of deferred tax
Cadangan umum 771.182 771.182 General reserve
Saldo laba 12.737.887 12.812.853 Retained earnings
JUMLAH EKUITAS 25.895.691 25.961.859 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 183.302.873 158.445.355 TOTAL LIABILITIES AND EQUITY
314
952 2024 Annual Report
Page 955
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF AND OTHER COMPREHENSIVE
LAIN - ENTITAS INDUK INCOME - PARENT ENTITY
Untuk Tahun yang Berakhir For the Year Ended
pada Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal
31 Desember/Year Ended December 31
2024 2023
PENDAPATAN DAN BEBAN OPERASIONAL OPERATING INCOME AND EXPENSES
Pendapatan dan beban bunga dan Syariah Interest and Sharia income and expenses
Pendapatan bunga dan Syariah Interest and Sharia income
Pendapatan bunga 7.646.263 6.760.112 Interest income
Pendapatan Syariah 2.636.767 2.482.572 Sharia income
10.283.030 9.242.684
Beban bunga dan Syariah Interest and Sharia expense
Beban bunga 4.079.213 2.970.517 Interest expense
Beban Syariah 1.348.497 1.184.501 Sharia expense
5.427.710 4.155.018
Pendapatan bunga dan Syariah neto 4.855.320 5.087.666 Net interest and Sharia income
Pendapatan/(beban) operasional lainnya Other operating income/(expenses)
Pendapatan operasional lainnya: Other operating income:
Provisi dan komisi selain Fees and commissions
dari kredit yang diberikan 368.962 393.334 other than from loans
Keuntungan penjualan efek-efek Gains on sale of
yang diperdagangkan dan trading securities and
investasi keuangan - neto 132.339 183.566 financial investments - net
Pendapatan lainnya 1.659.796 1.266.428 Other fee income
Jumlah pendapatan operasional Total other operating
lainnya 2.161.097 1.843.328 income
Beban operasional lainnya: Other operating expenses:
Kerugian transaksi Losses on foreign exchange
mata uang asing - neto 226.209 5.809 transactions - net
Penurunan nilai efek-efek Decrease in value of
yang diperdagangkan - neto 8.408 (3.603) trading securities - net
Penyisihan kerugian penurunan nilai Provision for impairment losses
atas instrumen keuangan-neto 930.208 697.308 on financial instruments - net
Penyisihan kerugian atas Provision for possible losses
aset non-produktif 16.168 50.525 on non-earning assets
Umum dan administrasi 2.251.541 2.024.986 General and administrative
Tenaga kerja 2.682.401 2.485.805 Personnel
Jumlah beban Total other operating
operasional lainnya 6.114.935 5.260.830 expenses
Beban operasional Other operating expenses -
lainnya - neto (3.953.838) (3.417.502) net
LABA OPERASIONAL - NETO 901.482 1.670.164 OPERATING INCOME - NET
PENDAPATAN NON OPERATING
NON-OPERASIONAL - NETO 14.976 9.779 INCOME - NET
LABA SEBELUM BEBAN PAJAK 916.458 1.679.943 INCOME BEFORE TAX EXPENSE
BEBAN PAJAK - NETO (206.891) (325.756) TAX EXPENSE - NET
LABA TAHUN BERJALAN 709.567 1.354.187 INCOME FOR THE YEAR
315
2024 Annual Report PT Bank Maybank Indonesia Tbk 953
Page 956
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN LABA RUGI STATEMENT OF PROFIT OR LOSS
DAN PENGHASILAN KOMPREHENSIF AND OTHER COMPREHENSIVE
LAIN - ENTITAS INDUK (lanjutan) INCOME - PARENT ENTITY (continued)
Untuk Tahun yang Berakhir For the Year Ended
pada Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal
31 Desember/Year Ended December 31
2024 2023
Pendapatan komprehensif lainnya: Other comprehensive income:
Items that will not be reclassified
Pos-pos yang tidak akan direklasifikasi ke laba rugi: subsequently to profit or loss:
Keuntungan aktuarial atas program manfaat pasti 87.475 61.413 Actuarial gains on defined benefit plan
Kerugian revaluasi aset tetap 124.632 (379) Losses on fixed assets revaluation
Pajak penghasilan terkait dengan komponen Income tax relating to components of
pendapatan komprehensif lainnya (19.245) (13.511) other comprehensive income
192.862 47.523
Items that may be reclassified
Pos-pos yang akan direklasifikasi ke laba rugi: subsequently to profit or loss:
Selisih kurs karena penjabaran laporan keuangan Differences arising from the translation of foreign
dalam mata uang asing (1.349) 1.485 currency financial statements
Fair value changes of financial investment
Perubahan nilai wajar investasi keuangan yang measured at fair value through
tersedia untuk dijual (234.816) (657) other comprehensive income
Pajak penghasilan terkait dengan komponen Income tax relating to components of
pendapatan komprehensif lainnya 52.101 (1.547) other comprehensive income
Laba komprehensif lainnya - setelah pajak 8.798 46.804 Other comprehensive income - net of tax
Jumlah laba komprehensif selama tahun Total comprehensive
berjalan 718.365 1.400.991 income for the year
Laba tahun berjalan yang
dapat diatribusikan kepada: Income for the year attributable to:
Pemilik entitas induk 709.567 1.354.187 Equity holders of the parent company
Jumlah laba komprehensif selama tahun berjalan Total comprehensive income
yang dapat diatribusikan kepada: for the year attributable to:
Pemilik entitas induk 718.365 1.400.991 Equity holders of the parent company
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(nilai penuh) 9,31 17,77 (full amount)
316
954 2024 Annual Report
Page 957
The original parent entity financial statements included herein are in the Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK STATEMENT OF CHANGES IN EQUITY - PARENT ENTITY
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 For the Year Ended December 31, 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Functional Review
Dapat diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent company
2024 Annual Report
Kerugian yang belum
direalisasi atas
perubahan nilai wajar
investasi keuangan yang
diukur pada nilai wajar
melalui pendapatan
Selisih kurs komprehensif lain - Keuntungan
karena penjabaran setelah pajak tangguhan dan aktuarial atas
laporan keuangan cadangan atas kerugian program
Governance
dalam mata kredit ekspektasian/ manfaat pasti -
Good Corporate
uang asing/ Unrealized losses on changes setelah pajak
Tambahan Surplus Differences in fair value of fair value tangguhan/
modal revaluasi arising from through other comprehensive Actuarial gains
Modal disetor/ aset tetap/ the translation income financial on defined Cadangan Saldo
saham/ Additional Fixed assets of foreign investments - net of benefit plan- umum/ laba/
Share paid-in revaluation currency financial deferred tax and expected net of General Retained Jumlah/
capital capital surplus statements credit loss allowances deferred tax reserve earnings Total
Saldo 31 Desember 2023 3.855.908 6.357.376 1.969.935 42.142 (167.324) 319.787 771.182 12.812.853 25.961.859 Balance as of December 31, 2023
Penurunan atas selisih kurs karena Decrease in foreign exchange differences arising
penjabaran laporan keuangan from the translation of overseas branches'
cabang luar negeri dalam mata uang asing - - - (1.349) - - - - (1.349) foreign currency financial statements
Keuntungan revaluasi aset tetap - - 124.632 - - - - - 124.632 Gains on fixed assets revaluation
Responsibility
Corporate Social
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value
yang diukur pada nilai wajar melalui pendapatan through other comprehensive income
komprehensif lain - setelah pajak tangguhan dan financial investments - net of deferred tax
cadangan atas kerugian kredit ekspektasian - - - - (182.715) - - - (182.715) and expected credit loss allowances
Keuntungan aktuarial atas program manfaat pasti - Actuarial gains on defined benefit plan - net
setelah pajak tangguhan - - - - - 68.230 - - 68.230 of deferred tax
Pembagian dividen tunai - - - - - - - (784.533) (784.533) Distribution of cash dividend
Laba tahun berjalan - - - - - - - 709.567 709.567 Income for the year
Saldo 31 Desember 2024 3.855.908 6.357.376 2.094.567 40.793 (350.039) 388.017 771.182 12.737.887 25.895.691 Balance as of December 31, 2024
Statements
Consolidated Financial
PT Bank Maybank Indonesia Tbk
317
955
Page 958
956
The original parent entity financial statements included herein are in the Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN PERUBAHAN EKUITAS - ENTITAS INDUK (lanjutan) STATEMENT OF CHANGES IN EQUITY - PARENT ENTITY (continued)
Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 For the Year Ended December 31, 2024
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Dapat diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent company
Kerugian yang
belum direalisasi atas
perubahan nilai wajar
investasi keuangan yang
diukur pada nilai wajar
melalui pendapatan
Selisih kurs komprehensif lain - Keuntungan
karena penjabaran setelah pajak tangguhan dan aktuarial atas
Main Highlights
laporan keuangan cadangan atas kerugian program
dalam mata kredit ekspektasian/ manfaat pasti -
uang asing/ Unrealized losses on changes setelah pajak
Tambahan Surplus Differences in fair value of fair value tangguhan/
modal revaluasi arising from through other comprehensive Actuarial gains
Modal disetor/ aset tetap/ the translation income financial on defined Cadangan Saldo
saham/ Additional Fixed assets of foreign investments - net of benefit plan- umum/ laba/
Share paid-in revaluation currency financial deferred tax and expected net of General Retained Jumlah/
capital capital surplus statements credit loss allowances deferred tax reserve earnings Total
Saldo 31 Desember 2022 3.855.908 6.357.376 1.970.314 40.657 (165.120) 271.885 771.182 12.047.095 25.149.297 Balance as of December 31, 2022
Management Report
Kerugian revaluasi aset tetap - - (379) - - - - - (379) Losses on fixed assets revaluation
Kenaikan atas selisih kurs karena Increase in foreign exchange differences arising
penjabaran laporan keuangan from the translation of overseas branches'
cabang luar negeri dalam mata uang asing - - - 1.485 - - - - 1.485 foreign currency financial statements
Perubahan nilai wajar investasi keuangan Changes in fair value of fair value through
yang diukur pada nilai wajar melalui pendapatan other comprehensive income
komprehensif lain - setelah pajak tangguhan dan financial investments - net of deferred tax
cadangan atas kerugian kredit ekspektasian - - - - (2.204) - - - (2.204) and expected credit loss allowances
Company Profile
Kerugian aktuarial atas program manfaat pasti - Actuarial losses on defined benefit plan - net
setelah pajak tangguhan - - - - - 47.902 - - 47.902 of deferred tax
Pembagian dividen tunai - - - - - - - (588.429) (588.429) Distribution of cash dividend
Laba tahun berjalan - - - - - - - 1.354.187 1.354.187 Income for the year
Saldo 31 Desember 2023 3.855.908 6.357.376 1.969.935 42.142 (167.324) 319.787 771.182 12.812.853 25.961.859 Balance as of December 31, 2023
and Analysis
2024 Annual Report
Management Discussion
318
Page 959
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN ARUS KAS - STATEMENT OF CASH FLOWS -
ENTITAS INDUK PARENT ENTITY
Untuk Tahun yang Berakhir For the Year Ended
Pada Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal
31 Desember/Year Ended December 31
2024 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan pendapatan bunga dan Syariah 10.231.105 9.223.273 Proceeds from interest and Sharia income
Pembayaran beban bunga dan Syariah (5.401.892) (4.090.174) Payment of interest and Sharia expense
Beban umum dan administrasi General and administrative expenses
yang dibayar (1.818.654) (1.547.479) paid
Tenaga kerja dan tunjangan
yang dibayar (2.480.341) (2.351.553) Personnel expenses paid
Pendapatan operasional lainnya Other operating income
yang diterima 1.631.181 1.768.412 received
Pembayaran pajak penghasilan (186.699) (453.608) Payment of income tax
(Pembayaran)/penerimaan (beban)/ (Expenses paid)/income received for
pendapatan non-operasional - neto (15.619) 7.665 non-operating (expense)/income - net
Arus kas dari aktivitas operasi Cash flows from operating
sebelum perubahan aset activities before changes in
dan liabilitas operasi 1.959.081 2.556.536 operating assets and liabilities
(Kenaikan)/penurunan aset operasi: (Increase)/decrease in operating assets:
Efek-efek yang diperdagangkan (652.350) (814.248) Trading securities
Tagihan atas wesel ekspor (1.309.643) 606.129 Receivables from export bills
Kredit yang diberikan dan Loans and Sharia
piutang/pembiayaan Syariah (11.665.939) (7.099.387) receivables/financing
Beban dibayar dimuka dan aset lain-lain (449.751) 46.576 Prepayments and other assets
(Penurunan)/kenaikan liabilitas (Decrease)/increase in operating
operasi: liabilities:
Liabilitas segera (46.463) (56.628) Obligations due immediately
Simpanan dari nasabah dan Deposits from customers and
bank lain 4.758.860 11.591.109 other banks
Liabilitas lain-lain (66.791) (127.265) Other liabilities
Kas neto (digunakan untuk)/diperoleh dari Net cash (used in)/provided by
aktivitas operasi (7.472.996) 6.702.822 operating activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Penjualan/(pembelian) efek-efek yang dibeli Sale/(purchased) of securities purchased
dengan janji dijual kembali 1.494.699 (794.830) under resale agreements
Penerimaan dari penjualan aset tetap 5.989 9.406 Proceeds from sale of fixed assets
Penambahan nilai aset hak-guna (19.168) (24.204) Addition of right-of-use assets
Pembelian aset tidak berwujud (129.052) (180.294) Acquisition of intangible asset
Pembelian aset tetap (320.860) (344.812) Acquisition of fixed assets
Pembelian efek-efek Purchase of marketable securities
yang diukur pada nilai wajar melalui measured at fair value through
pendapatan komprehensif lain (8.137.998) (2.650.358) other comprehensive income
Kas neto digunakan untuk Net cash used in
dari aktivitas investasi (7.106.390) (3.985.092) investing activities
319
2024 Annual Report PT Bank Maybank Indonesia Tbk 957
Page 960
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN ARUS KAS - STATEMENT OF CASH FLOWS -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Untuk Tahun yang Berakhir For the Year Ended
Pada Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Tahun yang Berakhir pada Tanggal
31 Desember/Year Ended December 31
2024 2023
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penjualan efek-efek yang dijual Sale of securities sold
dengan janji dibeli kembali 12.786.023 1.905.158 under repurchased agreements
Penerimaan/(pembayaran) dari pinjaman diterima 6.515.569 (3.107.304) Proceeds/(repayments) from borrowings
Penerimaan dari long term notes subordinasi - 100.000 Proceeds from subordinated long term notes
Pelunasan dari obligasi subordinasi - (800.000) Repayments from subordinated bonds
Pembayaran liabilitas sewa (166.557) (186.150) Payment of lease liabilities
Pelunasan dari surat berharga
yang diterbitkan (368.000) (1.120.500) Repayment from securities issued
Pembayaran dividen (784.444) (588.361) Dividend payment
Kas neto diperoleh dari/(digunakan untuk) Net cash provided by/(used in)
aktivitas pendanaan 17.982.591 (3.797.157) financing activities
KENAIKAN/(PENURUNAN) NETO KAS NET INCREASE/(DECREASE) IN
DAN SETARA KAS 3.403.205 (1.079.427) CASH AND CASH EQUIVALENTS
CASH AND CASH
KAS DAN SETARA KAS EQUIVALENTS AT
AWAL TAHUN 14.283.481 15.414.551 BEGINNING OF YEAR
Pengaruh perubahan kurs mata Effect of foreign exchange
uang asing 255.157 (51.643) rate changes
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS AT
AKHIR TAHUN 17.941.843 14.283.481 END OF YEAR
PENGUNGKAPAN TAMBAHAN SUPPLEMENTARY DISCLOSURES
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 1.855.759 1.564.547 Cash
Giro pada Bank Indonesia 10.696.358 8.152.106 Current accounts with Bank Indonesia
Giro pada bank lain 2.390.760 2.070.326 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain yang jatuh tempo and other banks that will mature
dalam 3 bulan dari tanggal within 3 months from
akuisisi 2.998.966 2.496.502 the date of acquisition
Jumlah kas dan setara kas 17.941.843 14.283.481 Total cash and cash equivalents
320
958 2024 Annual Report
Page 961
Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
LAPORAN ARUS KAS - STATEMENT OF CASH FLOWS -
ENTITAS INDUK (lanjutan) PARENT ENTITY (continued)
Untuk Tahun yang Berakhir For the Year Ended
Pada Tanggal 31 Desember 2024 December 31, 2024
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Perubahan pada liabilitas yang timbul dari Changes in liabilities arising from financing activities
aktivitas pendanaan pada laporan arus kas in the parent entity cash flow statement are as
entitas induk adalah sebagai berikut: follows:
Perubahan
1 Januari/ Arus Kas/Cash Flows Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2024 Proceeds Payment Changes 2024
Pinjaman diterima 2.761.746 6.515.569 - - 9.277.315 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 2.017.063 12.786.023 - - 14.803.086 repurchased agreements
Liabilitas sewa 487.105 - (166.557) 100.828 421.376 Lease liabilities
Surat berharga yang
diterbitkan 1.065.304 - (368.000) 1.182 698.486 Securities issued
Pinjaman Subordinasi 99.451 - - 33 99.484 Subordinated loan
Total 6.430.669 19.301.592 (534.557) 102.043 25.299.747 Total
Perubahan
1 Januari/ Arus Kas/Cash Flows Non Kas/ 31 Desember/
January 1, Penerimaan/ Pembayaran/ Non-Cash December 31,
2023 Proceeds Payment Changes 2023
Pinjaman diterima 5.869.050 - (3.107.304) - 2.761.746 Borrowings
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 111.905 1.905.158 - - 2.017.063 repurchased agreements
Liabilitas sewa 264.295 - (186.150) 408.960 487.105 Lease liabilities
Surat berharga yang
diterbitkan 2.183.197 - (1.120.500) 2.607 1.065.304 Securities issued
Pinjaman Subordinasi 799.707 100.000 (800.000) (256) 99.451 Subordinated loan
Total 9.228.154 2.005.158 (5.213.954) 411.311 6.430.669 Total
321
2024 Annual Report PT Bank Maybank Indonesia Tbk 959
Page 962
Main Highlights Management Report Company Profile Management Discussion
and Analysis
The original parent entity financial statements included herein are in the
Indonesian language.
PT BANK MAYBANK INDONESIA Tbk PT BANK MAYBANK INDONESIA Tbk
CATATAN ATAS LAPORAN KEUANGAN - NOTES TO THE FINANCIAL
ENTITAS INDUK STATEMENTS - PARENT ENTITY
Tanggal 31 Desember 2024 serta untuk As of December 31, 2024
Tahun yang Berakhir pada Tanggal Tersebut and for the Year Then Ended
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
1. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 1. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES
Dasar penyusunan laporan keuangan tersendiri Basis of preparation of the separate financial
entitas induk statements of the parent company
Laporan keuangan tersendiri entitas induk disusun sesuai The separate financial statements of the parent
dengan Pernyataan Standar Akuntansi Keuangan company are prepared in accordance with the
(“PSAK”) No. 227 (Revisi 2013), “Laporan Keuangan Statement of Financial Accounting Standards (“SFAS”)
Tersendiri”. No. 227 (Revised 2013), “Separate Financial
Statements”.
PSAK No. 227 (Revisi 2013) mengatur dalam hal entitas SFAS No. 227 (Revised 2013) regulates that when a
menyajikan laporan keuangan tersendiri maka laporan company presents the separate financial statements,
tersebut hanya dapat disajikan sebagai informasi such financial statements should be presented as
tambahan dalam laporan keuangan konsolidasian. supplementary information to the consolidated financial
Laporan keuangan tersendiri adalah laporan keuangan statements. Separate financial statements are those
yang disajikan oleh entitas induk yang mencatat investasi presented by a parent, in which the investments in
pada entitas anak, entitas asosiasi dan pengendalian subsidiaries, associates and joint ventures are
bersama entitas berdasarkan kepemilikan ekuitas accounted for on the basis of the direct equity interest
langsung bukan berdasarkan pelaporan hasil dan aset rather than on the basis of the reported results and net
neto investee. assets of the investees.
Kebijakan akuntansi yang diterapkan dalam penyusunan Accounting policies adopted in the preparation of the
laporan keuangan tersendiri entitas induk adalah sama parent company separate financial statements are the
dengan kebijakan akuntasi yang diterapkan dalam same as the accounting policies adopted in the
penyusunan laporan keuangan konsolidasian preparation of the consolidated financial statements as
sebagaimana diungkapkan dalam Catatan 2 atas laporan disclosed in Note 2 to the consolidated financial
keuangan konsolidasian, kecuali untuk penyertaan pada statements, except for investments in subsidiaries, in
entitas anak yang di dalam laporan keuangan tersendiri which the parent entity financial information uses cost
entitas induk dicatat menggunakan metode biaya. method.
2. PENYERTAAN SAHAM PADA ENTITAS ANAK 2. INVESTMENTS IN SHARES OF SUBSIDIARIES
Informasi mengenai entitas anak yang dimiliki Bank Information pertaining to subsidiaries owned by the
diungkapkan dalam Catatan 1.b atas laporan keuangan Bank is disclosed in Note 1.b to the consolidation
konsolidasian. financial statements.
Pada tanggal 31 Desember 2024 dan 2023 entitas induk As of December 31, 2024 and 2023 the parent
memiliki penyertaan saham pada entitas anak berikut: company has the following investments in shares of
subsidiaries:
Persentase kepemilikan/
Percentage of ownership
1020000
31 Desember/ 31 Desember/
December 31, December 31,
Entitas anak 2024 2023 Subsidiaries
PT Maybank Indonesia Finance 99,99% 99,99% PT Maybank Indonesia Finance
PT Wahana Ottomitra Multiartha Tbk 67,49% 67,49% PT Wahana Ottomitra Multiartha Tbk
Biaya perolehan/Acquisition cost
1020000
31 Desember/ 31 Desember/
December 31, December 31,
Entitas anak 2024 2023 Subsidiaries
PT Maybank Indonesia Finance 32.370 32.370 PT Maybank Indonesia Finance
PT Wahana Ottomitra Multiartha Tbk 781.431 781.431 PT Wahana Ottomitra Multiartha Tbk
322
960 2024 Annual Report
Page 963
Parent Company Consolidated Financial Statements 2024
Page 964
Main Highlights Management Report Company Profile Management Discussion
and Analysis
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
INCOME STATEMENTS
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2024
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Group 31 December 31 December 31 December 31 December
2024 2023 2024 2023
Note RM'000 RM'000 RM'000 RM'000
Interest income A20 8,055,836 8,146,503 32,769,873 30,230,550
Interest expense A21 (4,703,217) (4,963,535) (19,962,450) (17,439,028)
Net interest income 3,352,619 3,182,968 12,807,423 12,791,522
Income from Islamic Banking Scheme
operations A40a 2,016,899 2,058,217 8,346,399 7,577,195
Insurance/takaful service result A22 352,710 283,777 1,284,513 550,098
Other operating income A24 1,951,843 1,903,569 9,066,000 7,988,177
Total operating income 7,674,071 7,428,531 31,504,335 28,906,992
Net insurance/takaful investment/finance result A25 (252,035) (451,601) (1,931,829) (1,545,851)
Net operating income 7,422,036 6,976,930 29,572,506 27,361,141
Overhead expenses A26 (3,687,474) (3,619,025) (14,460,235) (13,388,800)
Operating profit before impairment losses 3,734,562 3,357,905 15,112,271 13,972,341
Allowances for impairment losses
on loans, advances, financing
and other debts, net A27 (444,844) (464,217) (1,670,545) (1,826,212)
Writeback of/(allowances for) impairment
losses on financial investments, net A28 83,689 (2,234) 42,353 180,563
Allowances for impairment losses on
other financial assets and interest in
an associate, net A29 (12,199) (5,078) (18,816) (35,416)
Operating profit 3,361,208 2,886,376 13,465,263 12,291,276
Share of profits in associates and joint ventures 52,932 63,222 236,302 240,325
Profit before taxation and zakat 3,414,140 2,949,598 13,701,565 12,531,601
Taxation and zakat B5 (739,218) (471,342) (3,195,179) (2,916,739)
Profit for the financial period/year 2,674,922 2,478,256 10,506,386 9,614,862
Attributable to:
Equity holders of the Bank 2,532,232 2,387,757 10,088,673 9,349,780
Non-controlling interests 142,690 90,499 417,713 265,082
2,674,922 2,478,256 10,506,386 9,614,862
Earnings per share attributable to
equity holders of the Bank
Basic/diluted B12 20.98 sen 19.80 sen 83.61 sen 77.55 sen
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2023 and the accompanying explanatory notes
attached to these financial statements)
1
962 2024 Annual Report
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Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2024
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Group 31 December 31 December 31 December 31 December
2024 2023 2024 2023
RM'000 RM'000 RM'000 RM'000
Profit for the financial period/year 2,674,922 2,478,256 10,506,386 9,614,862
Other comprehensive income/(loss):
Items that will not be reclassified subsequently
to profit or loss:
Defined benefit plan actuarial gain 27,387 22,085 22,259 26,677
Income tax effect (6,138) (4,376) (6,548) (4,276)
Net gain from change in fair value on
equity instruments at fair value through
other comprehensive income 18,230 20,517 97,998 32,941
39,479 38,226 113,709 55,342
Items that may be reclassified subsequently
to profit or loss:
Net (loss)/gain on debt instruments at fair value
through other comprehensive income (760,912) 1,906,281 (775,241) 5,136,454
- Net gain from change in fair value (841,802) 2,391,066 (840,246) 6,526,707
- Changes in expected credit losses (118,166) 16,782 (153,283) 57,082
- Income tax effect 199,056 (501,567) 218,288 (1,447,335)
Net gain/(loss) on foreign exchange translation 1,485,107 (174,340) (2,444,251) 2,013,920
Cost of hedging for fair value hedge (31,739) (6,023) (53,062) (15,764)
Net (loss)/gain on capital reserve (499) 351 (1,483) 264
Net (loss)/gain on revaluation reserve - (8) 3 472
Share of change in associatesʼ reserve 158 16,368 (276,482) (292,686)
Net insurance finance/investment result 48,037 (316,848) (107,690) (269,167)
740,152 1,425,781 (3,658,206) 6,573,493
Other comprehensive income/(loss) for the
financial period/year, net of tax 779,631 1,464,007 (3,544,497) 6,628,835
Total comprehensive income for the
financial period/year 3,454,553 3,942,263 6,961,889 16,243,697
Other comprehensive income/(loss) for the
financial period/year, attributable to:
Equity holders of the Bank 781,579 1,519,610 (3,548,191) 6,598,415
Non-controlling interests (1,948) (55,603) 3,694 30,420
779,631 1,464,007 (3,544,497) 6,628,835
Total comprehensive income for the
financial period/year, attributable to:
Equity holders of the Bank 3,313,811 3,907,367 6,540,482 15,948,195
Non-controlling interests 140,742 34,896 421,407 295,502
3,454,553 3,942,263 6,961,889 16,243,697
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2023 and the accompanying explanatory notes
attached to these financial statements)
2
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
INCOME STATEMENTS
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2024
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Bank 31 December 31 December 31 December 31 December
2024 2023 2024 2023
Note RM'000 RM'000 RM'000 RM'000
Interest income A20 5,575,782 5,697,838 22,887,904 21,179,981
Interest expense A21 (3,740,651) (3,916,131) (15,869,379) (13,926,842)
Net interest income 1,835,131 1,781,707 7,018,525 7,253,139
Dividends from subsidiaries and associates A23 121,474 91,903 4,191,743 3,534,284
Other operating income A24 1,244,298 1,259,239 5,796,183 5,846,934
1,365,772 1,351,142 9,987,926 9,381,218
Net operating income 3,200,903 3,132,849 17,006,451 16,634,357
Overhead expenses A26 (1,840,832) (1,721,998) (6,893,494) (6,296,175)
Operating profit before impairment losses 1,360,071 1,410,851 10,112,957 10,338,182
(Allowances for)/writeback of impairment
losses on loans, advances, financing
and other debts, net A27 (321,702) 95,731 (148,291) (571,491)
Writeback of/(allowances for) impairment losses
on financial investments, net A28 126,758 (4,927) 136,132 (6,310)
(Allowances for)/writeback of impairment losses
on other financial assets, net A29 (606) 2,067 (12,112) 1,491
Profit before taxation and zakat 1,164,521 1,503,722 10,088,686 9,761,872
Taxation and zakat B5 (211,192) (315,362) (1,434,846) (1,489,079)
Profit for the financial period/year 953,329 1,188,360 8,653,840 8,272,793
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2023 and the accompanying explanatory notes
attached to these financial statements)
3
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Consolidated Financial
Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2024
Unaudited Audited
Fourth Quarter Ended Cumulative 12 Months Ended
Bank 31 December 31 December 31 December 31 December
2024 2023 2024 2023
RM'000 RM'000 RM'000 RM'000
Profit for the financial period/year 953,329 1,188,360 8,653,840 8,272,793
Other comprehensive income/(loss):
Items that will not be reclassified subsequently
to profit or loss:
Net (loss)/gain from change in fair value on
equity instruments at fair value through
other comprehensive income (699) 270 5,936 24,944
Items that may be reclassified subsequently
to profit or loss:
Net gain/(loss) on debt instruments at fair value
through other comprehensive income 1,110,272 999,530 (641,800) 3,561,658
- Net gain/(loss) from change in fair value 1,138,613 1,287,915 (603,920) 4,585,541
- Changes in expected credit losses (131,447) 20,720 (182,776) 51,779
- Income tax effect 103,106 (309,105) 144,896 (1,075,662)
Net gain/(loss) on foreign exchange translation 739,522 39,993 (698,614) 567,790
Cost of hedging for fair value hedge (31,739) (6,023) (53,062) (15,764)
1,818,055 1,033,500 (1,393,476) 4,113,684
Other comprehensive income/(loss) for the
financial period/year, net of tax 1,817,356 1,033,770 (1,387,540) 4,138,628
Total comprehensive income for the
financial period/year 2,770,685 2,222,130 7,266,300 12,411,421
(These audited condensed interim financial statements should be read in conjunction with the audited annual
financial statements for the financial year ended 31 December 2023 and the accompanying explanatory notes
attached to these financial statements)
4
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
AUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
Group Bank
31 December 31 December 31 December 31 December
2024 2023 2024 2023
Note RM'000 RM'000 RM'000 RM'000
ASSETS
Cash and short-term funds 40,522,520 28,904,035 27,212,276 20,060,300
Deposits and placements with financial
institutions 22,275,032 13,471,607 38,309,616 27,639,111
Financial assets purchased under resale agreements 16,630,783 17,344,364 17,608,327 15,680,716
Financial assets designated upon initial recognition
at fair value through profit or loss A10(i) 12,933,334 13,378,789 - -
Financial investments at fair value through
profit or loss A10(ii) 33,274,540 35,970,200 15,404,523 21,757,370
Financial investments at fair value through
other comprehensive income A10(iii) 128,177,404 132,182,135 68,927,203 73,299,044
Financial investments at amortised cost A10(iv) 79,377,492 84,384,398 64,681,307 65,738,592
Loans, advances and financing to
financial institutions A11(i) 2,033,225 1,499,258 48,321,215 43,303,631
Loans, advances and financing to customers A11(ii) 662,740,860 628,922,780 233,474,014 235,022,856
Derivative assets A36 23,417,580 21,647,554 23,331,778 21,476,761
Insurance contract/takaful certificate assets A12(i) 75,199 123,204 - -
Reinsurance contract/retakaful certificate assets A12(ii) 5,910,059 5,698,832 - -
Other assets A13 15,486,024 12,665,956 9,423,930 6,258,105
Investment properties 1,038,657 1,019,958 - -
Statutory deposits with central banks 17,166,509 15,739,735 4,648,095 4,691,146
Investment in subsidiaries - - 35,575,751 34,486,241
Interest in associates and joint ventures 1,857,728 2,105,534 438,859 438,859
Property, plant and equipment 2,283,097 2,309,246 861,851 868,825
Right-of-use assets 1,456,464 1,636,137 460,130 519,635
Intangible assets 6,993,290 7,361,911 664,603 543,296
Deferred tax assets 1,672,159 1,308,986 296,655 83,505
TOTAL ASSETS 1,075,321,956 1,027,674,619 589,640,133 571,867,993
LIABILITIES
Customersʼ funding:
- Deposits from customers A14 712,915,459 670,359,336 310,608,986 299,676,139
- Investment accounts of customers1 A40g 28,981,847 26,475,396 - -
Deposits and placements from financial institutions A15 47,051,220 44,676,892 76,999,224 58,221,783
Obligations on financial assets sold under
repurchase agreements 32,831,691 38,072,708 46,954,812 57,152,843
Derivative liabilities A36 27,494,477 25,082,955 26,984,480 24,554,173
Financial liabilities at fair value through
profit or loss A16 11,943,454 8,766,563 7,429,042 8,766,563
Bills and acceptances payable 1,214,634 1,133,170 466,170 442,847
Insurance contract/takaful certificate liabilities A12(i) 46,102,335 44,497,551 - -
Reinsurance contract/retakaful certificate liabilities A12(ii) 27,063 83,001 - -
Other liabilities A18 27,507,979 25,940,928 13,692,978 9,178,066
Provision for taxation and zakat 294,643 239,389 - -
Deferred tax liabilities 755,338 685,646 - -
Borrowings A17(i) 28,260,101 31,037,570 15,546,427 22,785,069
Subordinated obligations A17(ii) 11,157,808 10,145,549 10,843,439 9,831,248
Capital securities A17(iii) 1,576,770 2,829,802 1,576,770 2,829,802
TOTAL LIABILITIES 978,114,819 930,026,456 511,102,328 493,438,533
1
Investment accounts of customers are used to fund financing and advances as disclosed in Note A40e.
5
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Functional Review Good Corporate Corporate Social
Governance Responsibility
Statements
MALAYAN BANKING BERHAD
(Co. Reg. No.: 196001000142)
(Incorporated in Malaysia)
CONDENSED FINANCIAL STATEMENTS
AUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
Group Bank
31 December 31 December 31 December 31 December
2024 2023 2024 2023
Note RM'000 RM'000 RM'000 RM'000
EQUITY ATTRIBUTABLE TO EQUITY
HOLDERS OF THE BANK
Share capital 54,736,195 54,673,596 54,736,195 54,673,596
Shares held-in-trust (1,764) (1,203) (1,764) (1,203)
Retained profits 34,028,358 31,672,801 16,822,741 15,822,764
Reserves 5,207,839 8,296,423 6,980,633 7,934,303
93,970,628 94,641,617 78,537,805 78,429,460
Non-controlling interests 3,236,509 3,006,546 - -
97,207,137 97,648,163 78,537,805 78,429,460
TOTAL LIABILITIES AND SHAREHOLDERSʼ
EQUITY 1,075,321,956 1,027,674,619 589,640,133 571,867,993
COMMITMENTS AND CONTINGENCIES A34 2,919,100,070 1,855,617,668 2,803,815,918 1,742,985,421
CAPITAL ADEQUACY A35
The capital adequacy ratios of the Group and
of the Bank are as follows:
CET1 Capital Ratio 15.765% 16.191% 15.210% 15.701%
Tier 1 Capital Ratio 16.135% 16.845% 15.433% 16.417%
Total Capital Ratio 18.906% 19.404% 18.325% 18.844%
Net assets per share attributable to
equity holders of the Bank RM7.79 RM7.85 RM6.51 RM6.50
(These audited condensed interim financial statements should be read in conjunction with the audited annual financial
statements for the financial year ended 31 December 2023 and the accompanying explanatory notes attached to these financial
statements)
6
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
Annual Report 2024 Cross Reference
Financial Services Authority Circular Letter No. 9/SEOJK.03/2020:
Transparency and Publication of Conventional Commercial Bank Reports
Description Page
1. General Information
a. Financial Highlights presents financial information in a comparative format for 2 (two) financial years, or since the
Bank begins its business for banks that have been in business for less than 2 (two) years. At the very least, financial
highlights covers:
1) Net interest income; 27
2) Operating profit; 27
3) Profit before tax; 27
4) Net profit; 27
5) Total comprehensive profit/loss; 27
6) Net income per share; 27
7) Total assets; 26
8) Total liabilities; 26
9) Total equity; 26
10) Earning assets; 26
11) Third party funds; 26
12) Borrowings; 26
13) CAR; 28
14) Return on Asset (ROA); 28
15) Return on Equity (ROE); 28
16) Profit margin (profit/loss to income ratio); 28
17) Operating Expenses to Operating Income Ratio (BOPO); 28
18) Cost to Income Ratio (CIR); 28
19) Percentage of Violation and Exceedance of Legal lending Limit (LLL); 28
20) Mandatory Minimum Reserves (GWM) Ratio; 28
21) Net Open Position (PDN) Ratio; and 28
22) Other information and ratios relevant to the banking industry. 28
b. Bank Profile
Bank profile covers at the very least:
1) Name of Bank, including if any, change of name, reaon for the change, and effective date of name change in the
76-77
financial year;
2) Access to the Bank, including branch or representative offices, whereby the general public may obtain information
on the Issuer or Public Company, comprising of:
a) Address;
76
b) Telephone number;
c) E-mail address; and
d) Website address;
3) Brief profile of the Bank; 78, 80-81
4) Vision and mission of the Bank; 84-85
5) Line(s) of business according to the latest articles of association, business activites performed in the Financial Year,
86-90, 140-149
and types of products and/or services provided;
6) Organization structure of Bank, at the very least to 1 (one) level below the Directors, with names and positions; 82-83
968 2024 Annual Report
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Description Page
7) Shareholding structure and composition, that is, names of shareholders and percentage of shareownership,
including:
a) Shareholders with a minimum of 5% (five percent) of shares of the Bank;
b) Members of the Board of Directors and Board of Commissioners that own shares of the Bank; 120-122
c) Public shareholders, that is, shareholders that each held less than 5% (five percent) of shares of the Bank;
d) information on the majority and controlling shareholder(s) of the Bank, direct or indirect, up to the individual
ultimate shareholders, presented in a schematic diagram or chart;
8) Name of subsidiary entity, associated company or joint venture company where the Bank exercise a joint control
with the entity, along with the percentage of shareownership, lines of business, total assets, and operating status of 125-127
the entity (if any);
9) For subsidiary entities, include information on address of such subsidiary entities; 125-127
10) Profiles of the Board of Directors and Board of Commissioners, covering at least
a) Composition of the Board of Directors and the Board of Commissioners, along with the position and brief
resume of the respective members thereof;
b) Names and position according to the duties and responsibilities;
c) Latest photograph;
d) Age;
e) Nationality;
f) Education background;
91-109
g) Work history, including information on:
(1) Legal basis of appointment as member of the Board of Directors and Board of Commissioner of the Bank
(2) Concurrent position(s), as member of the board of directors, board of commissioners, and/or committes
and other position (if any); and
(3) Work history, with period of service thereon, with or without the Bank;
h) Education and/or training attended by member of the Board of Directors and Board of Commissioners for
competence development during the financial year (if any); and
i) Affiliation with other member of the Board of Directors, Board of Commissioners, or the majority shareholder
(if any), disclosing the name of affiliated party.
11) In the event of changes in the membership composition of the Board of Directors and/or the Board of
Commissioners occuring subsequent to the end of the Financial Year and up to the deadline for submission of
the annual report of published financial statements and information on financial performance, membership 110
composition of the Board of Directors and/or Board of Commissioners shall be presented both prior and after such
change(s);
12) Brief profiles of executive officers, with structure, position and summary curriculum vitae; 111-118
13) Total headcount, and employee distribution in the Financial Year by education and age; and 119, 236-237
14) Awards and/or certifications in domestic as well as international scope, received by the Bank in the last Financial
Year (if any), which covers:
a) Name of award and/or certification; 44-45
b) Issuing institution or agency; and
c) Validity period of such award and/or certification (if any).
2. Information on Financial Performance
a. Report of the Board of Directors
Brief description of the Bank performance, at the very least covering:
1) Strategy and policies of the Bank’s management, including for the Sharia Business Unit (UUS) for banks that have
58-59
an UUS;
2) Comparison between achievement and targets; 59-61
3) Constraints faced by the Bank; 61-62
4) Overview of business prospects; 64-65
5) Implementation of Bank governance; 65-66
6) Changes in the composition of the Board of Directors and reason for such changes (if any); 66-67
7) Organization structure; 63, 82-83
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Main Highlights Management Report Company Profile Management Discussion
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Description Page
8) Primary activities; 63
9) Information Technology; 65
10) Types of products and services, including lending to debtors in the micro-, small- and medium-business sectors; 63, 88-90
11) Interest rates on deposits and loans; 63
12) Developments in the economy and target market; 64-65
13) Business and partnership networks, domestic and/or overseas; 63
14) Number, types and location of offices; 63
15) Ownership by the board of directors, board of commissioners and shareholders in the business group of the Bank; 122
16) Significant changes at the Bank or the Bank’s business group in the reporting year; 63
17) Prediction of significant future issues; and 63
18) Human resources, covering number of employees as well as education, training, and development programs for
65
human resources.
b. Report of the Board of Commissioners
The report of the Board of Commissioners covers at least:
1) Structure of the Board of Commissioners, with position and summary curriculum vitae; 54-55, 91-99
2) Assessment of the performance of the Board of Directors in the management of the Bank; 49-50
3) Supervision of the implementation of Bank’s strategies; 50
4) Opinion on the business prospects as prepared by the Board of Directors; 51
5) Opinion on the implementation of Bank governance; 51
6) Changes in the composition of the Board of Commissioners and reason for such changes (if any); and 52-53
7) Frequency and mechanism for advising members of the Board of Directors; 51-52
c. Management Discussion & Analysis
Management discussion and analysis presents an analysis and discussion of financial statements accounts and other
important information with an emphasis on material changes that occurred during the Financial Year, which at least
includes:
1) Review of operations by business segment, including for UUS, at least of:
a. Revenues; and 156-183
b. Profitability;
2) Review of financial performance, comprising a comparison of the financial performance for the current year wuth
the previous year, as well as explanation on the cause of changes and impact of such changes, covering at least:
a. Investment of funds (investments and disbursement of loan/financing) and total assets;
b. Third party funds and other sources of funding;
184-198
c. Equity;
d. Revenues, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss);
e. Cash flows; and
f. Prime lending rate;
3) Analysis of the quality of earning assets and relevant financial ratios; 199-200
4) Capital structure of Bank; 202-203
5) Material information and facts subsequent to the date of accountant report (if any); and 204
6) Marketing aspects of Bank’s products, at least on marketing strategy amd market share; 212-214
3. Information on Risk Exposure and Capital
In the event that the Bank includes the corporate governance report into the Annual Financial Publication Report
and Financial Performance Information, the scope and guidelines for such report shall refer to the applicable POJK on 263-411
implementation of governance for commercial banks.
4. Governance Information
In the event that the Bank combines the report on the implementation of governance in the Financial Published Report
and Annual Financial Performance Information, the scope and guidelines for filling out refer to the POJK regarding the 414-615
implementation of governance for commercial banks.
970 2024 Annual Report
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ernance Responsibility
Description Page
5. Sustainability Report
a. As regulated in the relevant POJK, a Sustainability Report covers the implementation of sustainable financing for
financial services institutions, issuers and public companies. In the event that the Bank includes the sustainability report
√
into the Annual Financial Publication Report and Financial Performance Information, the scope and guidelines for such
report shall refer to the applicable POJK.
b. Report on the implementation of social and environmental responsibility as regulated in the relevant laws and
regulations on social and environmental repsonsibility for limited liability companies.
1) Information on the implementation of social and environmental responsibility covers the management policy, types
√
of programs and costs expended, on aspects of:
a) Environment; √
b) Labor practices; √
c) Sound institutional practices; √
d) Consumer; and √
e) Community development. √
2) In the event that the Bank presents information on social and environmental responsibility as referred to in point
1) in a separate report such as in a social and environmental responsibility report, the Bank is exempted from
√
disclosing information regarding social and environmental responsibility in the annual report of published financial
statements and information on financial performance.
6. Annual Financial Statements
The annual financial statements that have been audited by a Public Accountant and Public Accountant Firm registered with
625
the OJK.
7. Information on the Business Group of the Bank
a. A Bank that is part of a business group and/or have a Subsidiary, shall additionally report on:
1) Structure of the Bank business group, covering:
a) The structure of the business group, comprising of the Bank, Subsidiary Entities, related (sister) companies,
Parent Entity, and up to the ultimate shareholder;
123
b) The structure of management inter-relationship of entities in the business group; and
c) Any shareholders acting in concert. Shareholders acting in concert refer to individual or institutional
shareholders with a common objective of controlling the Bank, with or without a formal agreement;
2) Transactions between the Bank and related parties in the Bank’s business group, with consideration of the
following:
a) Information on transactions with related parties, whether conducted by Bank or by any entity in the Bank
business group in the financial sector;
b) Related parties are parties defined as such in relevant financial accounting standards;
c) Types of transaction with related parties, including:
(1) Cross shareholding;
123-127, 422-423
(2) Transactions by a business group performed in the interest of another business group
(3) Short-term liquidity management in the business group;
(4) Funding provided to, or received by, another entity in a business group;
(5) Exposure to a majority shareholder in the form of, among others, loans, commitments and contingencies;
and
(6) Transactions for the purchase, sale and/or rental of assets with another entity in the business group,
including transactions with repurchase agreement (repo);
3) Transactions with related parties conducted by each entity in the Bank business group in the financial sector;
4) The provision of funding, commitments or equivalent facilities from an entity in the Bank business group to the
customers and/or parties that already received financing from the Bank; and 198-200, 206-208
5) Any prohibition, restriction, and/or other significant constraint to transfer funds or to fulfill the required regulatory
capital between the Bank and other entities in a business group;
8. Additional Information for Banks that are also an Issuer and/or Public Company
The Bank that is also an Issuer and/or a Public Company should include in addition the scope of information in accordance
√
with the provisions of OJK Regulation regarding the annual report of issuer or public company.
2024 Annual Report PT Bank Maybank Indonesia Tbk 971
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Main Highlights Management Report Company Profile Management Discussion
and Analysis
SEOJK No. 16/SEOJK.04/2021:
Annual Report of Public Company
Description Page
I. General Provision
1. In this Financial Services Authority Circular Letter what is meant by:
a. The Annual Report is a report on the Board of Directors and Board of Commissioners accountability in managing
and supervising issuers or public companies within a period of 1 (one) fiscal year to the general meeting of share-
√
holders prepared based on the provisions of the Financial Services Authority Regulation concerning the Annual
Report of issuers or public companies
b. Issuers are parties who make public offerings √
c. A Public Company is a company whose shares are owned by at least 300 (three hundred) shareholders and has a
paid-up capital of at least Rp3,000,000,000.00 (three billion rupiah) or a number of shareholders and paid-up √
capital as determined by the Financial Services Authority
d. A Public Company is an Issuer that has made a public offering of equity securities or a Publically- listed Company √
e. A Sustainability Report is a report published to the public that contains the economic, financial, social, and
environmental performance of a financial service institution, Issuer, and Public Company in running a sustainable √
business
f Board of Directors:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the Board of Directors as
referred to in the Financial Services Authority Regulation concerning the Board of Directors and Board of √
Commissioners of an Issuer or Public Company; and
2) For an Issuer or a Public Company in the form of a legal entity other than a limited liability company, it is the
body that carries out the management of the legal entity as referred to in the laws and regulations concerning √
the legal entity.
g. Board of Commissioners:
1) For an Issuer or a Public Company in the form of a limited liability company, the Board of Commissioners as
referred to in the Financial Services Authority Regulation concerning the Board of Directors and Board of √
Commissioners of an Issuer or Public Company; and
2) For the Issuer or Public Company in the form of a legal entity other than a limited liability company, it is the
√
body that supervises the legal entity as referred to in the laws and regulations concerning the legal entity.
h. General Meeting of Shareholders hereinafter abbreviated as GMS:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the GMS as referred to in the
Financial Services Authority Regulation concerning the Planning and Organizing of the General Meeting of √
Shareholders of a Public Company; and
2) For an Issuer or Public Company in the form of a legal entity other than a limited liability company, it is the
body that has authority that is not given to any other body that carries out management and supervisory √
functions, within the limits specified in the legislation and/or articles of association governing the legal entity.
2. The Annual Report of Issuers or Public Companies is an important source of information for investors or shareholders
as one of the basic considerations in making investment decisions and a means of supervision of Issuers or Public √
Companies.
3. Along with the development of the capital market and the increasing need for information disclosure by investors or
shareholders, the Board of Directors and the Board of Commissioners are required to present quality, accurate, and √
accountable information through the Annual Reports of Issuers or Public Companies.
4. Annual Reports that are prepared regularly and informatively can provide convenience for investors or shareholders and
√
stakeholders in obtaining the required information.
5 This Financial Services Authority Circular is a guideline for Issuers or Public Companies that must be applied in prepar-
√
ing Annual Reports and Sustainability Reports.
II. Format of Annual Report
1. Annual Report should be presented in the printed format and in electronic document copy.. √
2. The printed version of the Annual Report should be printed on light-colored paper of fine quality, in A4 size, bound and
√
can be reproduced in good quality.
3. The Annual Report may present information in the form of pictures, graphs, tables, and/or diagrams by including clear
√
titles and/or descriptions, so that they are easy to read and understand.
4. The Annual Report presented in electronic document format is the Annual Report converted into pdf format. √
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III. Content Of Annual Report
1. Annual Report should contain at least the following information:
a. Summary of key financial information; 26
b. Stock information (if any); 31
c. The Board of Directors report; 57
d. The Board of Commissioners report; 49
e. Profile of Issuer or Public Company; 76
f. Management discussion and analysis; 152
g. Corporate governance applied by the Issuer or Public Company; 414
h. Corporate social and environmental responsibility of the Issuer or Public Company; 618
i. Audited annual report; and 625
j. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the Annual Report; 72
2. Description of Content of Annual Report
a. Summary of Key Financial Information
Summary of Key Financial Information contains financial information presented in comparison with previous 3
(three) fiscal years or since commencement of business if the Issuers or the Public Company commencing the busi-
ness less than 3 (three) years, at least contain:
1) Income/sales;
2) Gross profit;
3) Profit (loss);
4) Total profit (loss) attributable to equity holders of the parent entity and non-controlling interest;
5) Total comprehensive profit (loss);
6) Total comprehensive profit (loss) attributable to equity holders of the parent entity and non controlling
interest;
7) Earning (loss) per share;
26-29
8) Total assets;
9) Total liabilities;
10) Total equities;
11) Profit (loss) to total assets ratio;
12) Profit (loss) to equities ratio;
13) Profit (loss) to income ratio;
14) Current ratio;
15) Liabilities to equities ratio;
16) Liabilities to total assets ratio; and
17) Other information and financial ratios relevant to the Issuer or Public Company and type of industry;
b. Stock Information
Stock Information (if any) at least contains:
1) Shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least covering:
a) Number of outstanding shares;
b) Market capitalization based on the price at the Stock Exchange where the shares listed on;
c) Highest share price, lowest share price, closing share price at the Stock Exchange where the shares listed
on; and
31-32
d) Share volume at the Stock Exchange where the shares listed on;
Information in point a) should be disclosed by the Issuer, the public company whose shares is listed or not
listed in the Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a public company whose shares
is listed in the Stock Exchange;
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2) In the event of corporate actions, including stock split, reverse stock, dividend, bonus share, and change in par
value of shares, then the share price referred to in point 1), should be added with explanation on:
a) Date of corporate action;
b) Stock split ratio, reverse stock, dividend, bonus shares, and change in par value of shares; 32
c) Number of outstanding shares prior to and after corporate action; and
d) The number of convertible securities exercised (if any); and
e) Share price prior to and after corporate action;
3) In the event that the company’s shares were suspended and/or delisted from trading during the year under
review, then the Issuers or Public Company should provide explanation on the reason for the suspension and/ 32
or delisting; and
4) In the event that the suspension and/or delisting as referred to in point 3) was still in effect until the date of
the Annual Report, then the Issuer or the Public Company should also explain the corporate actions taken by 32
the company in resolving the suspension and/or delisting;
c. The Board of Directors Report
The Board of Directors Report should at least contain the following items:
1) The performance of the Issuer or Public Company, at least covering:
a) Strategy and strategic policies of the Issuer or Public Company; 58-59
b) Role of the Board of Directors in formulating strategies and strategic policies of Issuers or Public Com-
59
panies;
c) Process carried out by the Board of Directors to ensure the implementation of the Issuer’s or Public
59
Company’s strategy;
d) Comparison between achievement of results and targets; and 60-61
e) Challenges faced by the Issuer or Public Company; 61-62
2) Description on business prospects; 64-65
3) Implementation of good corporate governance by Issuer or Public Company; and 65-66
4) Changes in the composition of the Board of Directors and the reason behind (if any); 66-67
d. The Board of Commissioners Report
The Board of Commissioners Report should at least contain the following items:
1) Assessment on the performance of the Board of Directors in managing the Issuer or the Public Company; 49-50
2) Supervision on the implementation of the strategy of the Issuer or Public Company; 50
3) View on the business prospects of the Issuer or Public Company as established by the Board of Directors; 51
4) View on the implementation of the corporate governance by the Issuer or Public Company; 51
5) Changes in the composition of the Board of Commissioners and the reason behind (if any); and 52-53
e. Profile of the Issuer or Public Company
Profile of the Issuer or Public Company should cover at least:
1) Name of Issuer or Public Company, including change of name, reason of change, and the effective date of the
76-77
change of name during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, where public can have
access of information of the Issuer or Public Company, which include:
a) Address;
b) Telephone number; 76-77, 140-149
c) Facsimile number;
d) E-mail address; and
e) Website address;
3) Brief history of the Issuer or Public Company; 78
4) Vision and mission of the Issuer or Public Company; 84-85
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5) Line of business according to the latest Articles of Association, and types of products and/or services pro-
86-90
duced;
6) Operational area of the Issuer or Public Company; 138-139
7) Structure of organization of the Issuer or Public Company in chart form, at least 1 (one) level below the Board
82-83
of Directors, with the names and titles;
8) List of industry association memberships both on a national and international scale related to the implemen-
79
tation of sustainable finance;
9) The Board of Directors profiles include:
a) Name and short description of duties and functions;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) History position, covering information on:
(1) Legal basis for appointment as member of the Board of Directors to the said Issuer or Public Com-
pany; 100-109
(2) Dual position, as member of the Board of Directors, member of the Board of Commissioners, and/or
member of committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Directors, members of the Board of Commissioners, majority and
controlling shareholders, either directly or indirectly to individual owners, including names of affiliated parties. In
the event that a member of the Board of Directors has no affiliation, the Issuer or Public Company shall disclose this
matter; and
h) Changes in the composition of the members of the Board of Directors and the reasons for the changes. In the event
that there is no change in the composition of the members of the Board of Directors, this matter shall be disclosed;
10) The Board of Commissioners profiles, at least include:
a) Name;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) History position, covering information on:
(1) Legal basis for the appointment as member of the Board of Commissioners who is not Independent
Commissioner at the said Issuer or Public Company;
(2) Legal bases for the first appointment as member of the Board of Commissioners who also Independ-
ent Commissioner at the said Issuer or Public Company; 91-108
(3) Dual position; as member of the Board of Commissioners, member of the Board of Directors, and/or member
of committee and other position (if any); and
(4) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Commissioners, major shareholders, and controllers either
directly or indirectly to individual owners, including names of affiliated parties; In the event that a member
of the Board of Commissioners has no affiliation, the Issuer or Public Company shall disclose this matter;
h) Statement of independence of Independent Commissioner in the event that the Independent Commis-
sioner has been appointed more than 2 (two) periods (if any);
i) Changes in the composition of the members of the Board of Commissioners and the reasons for the
changes. In the event that there is no change in the composition of the members of the Board of Com-
missioners, this matter shall be disclosed;
11) In the event that there were changes in the composition of the Board of Commissioners and/or the Board
of Directors occurring between the period after year-end until the date the Annual Report submitted, then
110
the last and the previous composition of the Board of Commissioners and/or the Board of Directors shall be
stated in the Annual Report;
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12) Number of employees by gender, position, age, education level, and employment status (permanent/contracted) in
119, 236-237
the fiscal year; Disclosure of information can be presented in tabular form.
13) Names of shareholders and ownership percentage at the end of the fiscal year, including:
a) Shareholders having 5% (five percent) or more shares of Issuer or Public Company;
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 120-122
c) Groups of public shareholders, or groups of shareholders, each with less than 5% (five percent) owner-
ship shares of the Issuers or Public Company;
14) The percentage of indirect ownership of the shares of the Issuer or Public Company by members of the Board of
Directors and members of the Board of Commissioners at the beginning and end of the fiscal year, including infor-
122
mation on shareholders registered in the shareholder register for the benefit of indirect ownership of members of
the Board of Directors and members of the Board of Commissioners;
15) Number of shareholders and ownership percentage at the end of the fiscal year, based on:
a) Ownership of local institutions;
b) Ownership of foreign institutions; 121
c) Ownership of local individual; and
d) Ownership of foreign individual;
16) Information on major shareholders and controlling shareholders the Issuers of Public Company, directly or
292, 422
indirectly, and also individual shareholder, presented in the form of scheme or diagram;
17) Name of subsidiaries, associated companies, joint venture controlled by Issuers or Public Company, with en-
tity, percentage of stock ownership, line of business, total assets and operating status of the Issuers of Public
Company (if any); 125-127
For subsidiaries, include the addresses of the said subsidiaries;
18) Chronology of share listing, number of shares, par value, and bid price from the beginning of listing up to the
128-129
end of the financial year, and name of Stock Exchange where the Issuers of Public Company shares are listed;
19) Other securities listing information other than the securities as referred to in number 18), which have not yet
matured in the fiscal year, at least contain the name of the securities, year of issue, interest rate/yield, maturi- 130-134
ty date, offering value, and securities rating (if any);
20) Information on the use of a Public Accountant (AP) and a Public Accounting firm (KAP) services and their
networks/associations/alliances include:
a) Name and address;
b) Period of assignment;
135
c) Informasi jasa audit dan/atau non audit yang diberikan;
d) Audit and/or non-audit fees for each assignment given during the fiscal year; and
e) In the event that AP and KAP and their network/association/alliance, which are appointed do not pro-
vide non-audit services, then the information is disclosed; and
21) Name and address of capital market supporting institutions and/or professionals other than AP and KAP. 136
f. Management Discussion and Analysis
Management Analysis and Discussion Annual should contain discussion and analysis on financial statements and
other material information emphasizing material changes that occurred during the year under review, at least
including:
1) Operational review per business segment, according to the type of industry of the Issuer or Public Company
including:
a) Production, including process, capacity, and growth; 156-183
b) Income/sales; and
c) Profitability;
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2) comprehensive financial performance analysis which includes a comparison between the financial perfor-
mance of the last 2 (two) fiscal years, and explanation on the causes and effects of such changes, among
others concerning:
a) Current assets, non-current assets, and total assets;
b) Short term liabilities, long term liabilities, total liabilities; 184-197
c) Equities;
d) Sales/operating revenues, expenses and profit (loss), other comprehensive revenues, and total compre-
hensive profit (loss); and
e) Cash flows
3) The capacity to pay debts by including the computation of relevant ratios; 200-201
4) Accounts receivable collectability of the Issuer or Public Company, including the computation of the relevant
201-202
ratios;
5) Capital structure and management policies concerning capital structure, including the basis for determining
202-203
the said policy;
6) discussion on material ties for the investment of capital goods, including the explanation on at least:
a) The purpose of such ties;
b) Source of funds expected to fulfill the said ties;
203
c) Currency of denomination; and
d) Steps taken by the Issuer of Public Company to protect the position of a related foreign currency against
risks;
7) Discussion on investment of capital goods which was realized in the last fiscal year, at least include:
a) Type of investment of capital goods;
203
b) Objective of the investment of capital goods; and
c) Value of the investment of capital goods;
8) Material Information and facts that occurring after the date of the accountant’s report (if any); 204
9) Information on the prospects of the Issuer or the Company in connection with industry,economy in general,
214-216
accompanied with supporting quantitative data if there is a reliable data source;
10) Comparison between target/projection at beginning of year and result (realization), concerning:
a) Income/sales;
b) Profit (loss);
204
c) Capital structure; or
d) Dividend policy; or
e) Others that deemed necessary for the Issuer or Public Company;
11) Target/projection at most for the next one year of the Issuer or Public Company, concerning:
a) Income/sales;
b) Profit (loss);
204
c) Capital structure; or
d) Dividend policy;
e) Or others that deemed necessary for the Issuer or Public Company;
12) Marketing aspects of the company’s products and/or services the Issuer or Public Company, among others
212-214
marketing strategy and market share;
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13) Description regarding the dividend policy during the last 2 (two) fiscal years, at least:
a) Dividend policy;
b) The date of the payment of cash dividend and/or date of distribution of non-cash dividend;
c) Amount of cash per share (cash and/or non cash); and 205
d) Amount of dividend per year paid;
Disclosure of information can be presented in tabular form. In the event that the Issuer or Public Company does
not distribute dividends in the last 2 (two) years, this matter shall be disclosed.
14) Use of proceeds from Public Offerings, under the condition of:
a) During the year under review, on which the Issuer has the obligation to report the realization of the
use of proceeds, then the realization of the cumulative use of proceeds until the year end should be
disclosed; and 206
b) In the event that there were changes in the use of proceeds as stipulated in the Regulation of the Finan-
cial Services Authority on the Report of the Utilization of Proceeds from Public Offering, then Issuer
should explain the said changes;
15) Material information (if any), among others concerning investment, expansion, divestment, acquisition, debt/
capital restructuring, transactions with related parties and transactions with conflict of interest that occurred
during the year under review, among others include:
a) Transaction date, value, and object;
b) Name of transacting parties;
c) Nature of related parties (if any);
d) Description of the fairness of the transaction; and
e) Compliance with related rules and regulations;
f) In the event that there is an affiliation relationship, apart from disclosing the information as referred to
in letter a) to letter e), the Issuer or Public Company also discloses information:
1) A statement from the Board of Directors that the affiliate transaction has gone through adequate
procedures to ensure that the affiliate transaction is carried out in accordance with generally
accepted business practices, by complying with the arms-length principle; and 206-208
2) The role of the Board of Commissioners and the audit committee in carrying out adequate proce-
dures to ensure that affiliated transactions are carried out in accordance with generally accepted
business practices, by complying with the arms-length principle;
g) For affiliated transactions or material transactions which are business activities carried out to generate
business income and are carried out regularly, repeatedly, and/or continuously, an explanation is added that
the affiliated transactions or material transactions are business activities carried out to generate operating
income. and run regularly, repeatedly, and/or continuously;
h) For disclosure of affiliated transactions and/or conflict of interest transactions resulting from the imple-
mentation of affiliated transactions and/or conflict of interest transactions that have been approved by
independent shareholders, additional information regarding the date of the GMS which approved the
affiliated transactions and/or conflict of interest transactions is added;
i) In the event that there is no affiliated transaction and/or conflict of interest transaction, then this shall
be disclosed;
16) Changes in regulation which have a significant effect on the Issuer or Public Company and impacts on the
208-211
company (if any); and
17) Changes in the accounting policy, rationale and impact on the financial statement (if any); 211
g. Corporate Governance of the Issuer or Public Company
Corporate Governance of the Issuer or Public Company contains at least:
1) GMS, at least contains:
a) Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the fiscal
year include:
1) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized in the fiscal
year; and 423-440
2) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have not been
realized and the reasons for not realizing them;
b) In the event that the Issuer or Public Company uses an independent party in the conduct of the GMS to
calculate the votes, then this matter shall be disclosed;
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2) The Board of Directors, covering:
a) The tasks and responsibilities of each member of the Board of Directors;
b) Statement that the Board of Directors has already have board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Directors, meetings of the
Board of Directors with the Board of Commissioners, and the level of attendance of members of the
Board of Directors in the meeting including attendance at the GMS;
d) Training and/or competency development of members of the Board of Directors:
(1) Policies for training and/or improving the competence of members of the Board of Directors, including an
orientation program for newly appointed members of the Board of Directors (if any); and
460-473
(2) Training and/or competency improvement attended by members of the Board of Directors in the
fiscal year (if any);
e) The Board of Directors’ assessment of the performance of the committees that support the implementa-
tion of the Board of Directors’ duties for the fiscal year shall at least contain:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, are competence and attend-
ance at meetings; and
f) In the event that the Issuer or Public Company does not have a committee that supports the implemen-
tation of the duties of the Board of Directors, this matter shall be disclosed.
3) The Board of Commissioners, among others include:
a) Duties and responsibilities of the Board of Commissioners;
b) Statement that the Board of Commissioner has already have the board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Commissioners, meetings of the
Board of Commissioners with the Board of Directors and the level of attendance of members of the Board of
Commissioners in these meetings including attendance at the GMS;
d) Training and/or competency improvement of members of the Board of Commissioners:
(1) Policy on competency training and/or development of members of the Board of Commissioners, including
orientation programs for newly appointed members of the Board of Commissioners (if any); and
(2) Competency training and/or development attended by members of the Board of Commissioners in the
fiscal year (if any);
441-459
e) The assessment on the performance of the Board of Directors and Board of Commissioners and the
implementation, at least covering:
(1) Procedure for the implementation of performance assessment;
(2) Criteria used are performance achievements during the fiscal year, competency and attendance at
meetings; and
(3) Assessor;
f) Board of Commissioners’ assessment of the performance of the Committees that support the implemen-
tation of the duties of the Board of Commissioners in the fiscal year includes:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, competency and attendance at
meetings;
4) The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at least
contain:
a) Nomination procedure, including a brief description of the policies and process for nomination of mem-
bers of the Board of Directors and/or members of the Board of Commissioners; and
b) Procedures and implementation of remuneration for the Board of Directors and the Board of Commis-
sioners, among others: 446-447, 456, 469-
(1) Procedures for determining remuneration for the Board of Directors and the Board of Commission- 471, 504-507
ers;
(2) The remuneration structure of the Board of Directors and the Board of Commissioners such as
salary, allowances, tantiem/bonus and others; and
(3) The amount of remuneration for each member of the Board of Directors and member of the Board
of Commissioners
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5) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on sharia law, as stipulat-
ed in the articles of association, at least containing:
a) Name;
b) Legal basis for the appointment of the sharia supervisory board;
605-613
c) Period of assignment of the sharia supervisory board;
d) Duty and responsibility of Sharia Supervisory Board; and
e) Frequency and procedure in providing advice and suggestion, as well as the compliance of Sharia Princi-
ples by the Issuer or Public Company in the Capital Market;
6) Audit Committee, among others covering:
a) Name and position in the committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position; including:
(1) Legal basis for appointment as committee member;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or mem-
ber of committee, and other position (if any); and 478-483
(3) working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) Statement of independence of the Audit Committee;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Policies and implementation of the frequency of audit committee meetings and the level of attendance
of audit committee members in those meetings; and
j) the activities of the Audit Committee in the year under review, in accordance with the Audit Committee
Charter;
7) The nomination and remuneration committee or function of the Issuer or Public Company, at least containing:
a) Name and position in committee membership;
b) Age;
c) Nationality;
d) Educational history;
e) Position history, including information on:
(1) Legal basis for appointment as committee member;
(2) Concurrent positions, either as a member of the Board of Commissioners, member of the Board of
Directors, and/or committee member and other positions (if any); and
(3) Work experience and period of time both inside and outside the Issuer or Public Company;
f) Period and term of office of the committee members;
488-492
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Description of duties and responsibilities;
j) A statement that it has a guideline or charter;
k) Policies and implementation of the frequency of meetings and the level of attendance of members at the
meeting;
l) Brief description of the implementation of activities in the fiscal year; and
m) In the event that no nomination and remuneration committee is formed, the Issuer or Public Company is
sufficient to disclose the information as referred to in letter i) to letter l) and disclose:
(1) Reasons for not forming the committee; and
(2) The party carrying out the nomination and remuneration function;
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8) Other committees owned by Issuers or Public Companies in order to support the functions and tasks of the Board of
Directors (if any) and / or committees that support the functions and duties of the Board of Commissioners, the least
contains:
a) Name and position in the Committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position, including:
(1) Legal basis for the appointment as member of the committee;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or mem- 484-487, 493-503,
ber of committee, and other position (if any); and 508-522
(3) Working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any); and
i) Description of duties and responsibilities;
j) A statement that the committee has had guidelines or charters;
k) Policies and implementation of the frequency of committee meetings and the level of attendance of
committee members at the meeting; and
l) A brief description of the committee’s activities for the fiscal year;
9) Corporate Secretary, including:
a) Name;
b) Domicile;
c) History of position, including:
(1) Legal basis for the appointment as Corporate Secretary; and 523-526
(2) Working experience and period in and outside the Issuer or Public Company;
d) Education background;
e) Education and/or training during the year under review; and
f) Brief description on the implementation of duties of the Corporate Secretary in the year under review;
10) Internal Audit Unit, among others including:
a) Name of Head of Internal Audit Unit;
b) History of position, including:
(1) Legal basis for the appointment as Head of Internal Audit Unit; and
(2) Working experience and period in and outside the Issuer or Public Company;
c) Qualification or certification as internal auditor (if any); 541-544
d) Education and/or training during the year under review;
e) Structure and position of Internal Audit Unit;
f) Description of duties and responsibilities;
g) Statement that the Internal Audit Unit has already have Internal Audit Unit charter; and
h) Brief description on the implementation of duty of Internal Audit Unit during the year under review;
11) Description on internal control system adopted by the Issuer or Public Company, at least covering:
a) Financial and operational control, and compliance to the other prevailing rules; and
545-547
b) Review on the effectiveness of internal control systems;
c) Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal control system;
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12) Risk management system implemented by the company, at least includes:
a) General description about the company’s risk management system the Issuer or Public Company;
b) Types of risk and the management; and
263-411, -549-551
c) Review the effectiveness of the risk management system applied by the Issuer or Public Company;
d) Statement of the Board of Directors and/or the Board of Commissioners or the audit committee on the adequa-
cy of the risk management system;
13) Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members of the
Board of Directors and members of the Board of Commissioners (if any), at least contain:
a) Substance of the case/claim; 536-540
b) Status of settlement of case/claim; and
c) Potential impacts on the condition of the Issuer or Public Company;
14) information about administrative sanctions imposed to Issuer or Public Company, members of the Board of
Commissioners and the Board of Directors, by the Capital Market Authority and other authorities during the 531
last fiscal year (if any);
15) information about codes of conduct of the Issuer or Public Company, includes:
a) Key points of the code of conduct;
b) Socialization of the code of conduct and enforcement; and 556-558
c) Statement that the code of conduct is applicable for the Board of Commissioners, the Board of Directors,
and employees of the Issuer of Public Company;
16) A brief description of the policy of providing long-term performance-based compensation to management
and/or employees owned by the Issuer or Public Company (if any), including the management stock owner-
ship program (MSOP) and/or program employee stock ownership (ESOP);
a) Number of shares and/or options;
206
b) Implementation period;
c) Requirements for eligible employees and/or management; and
d) Exercise price or determination of exercise price;
17) A brief description of the information disclosure policy regarding:
a) Share ownership of members of the Board of Directors and members of the Board of Commissioners no
later than 3 (three) working days after the occurrence of ownership or any change in ownership of shares 122
of a Public Company; and
b) Implementation of the policy;
18) Description of whistleblowing system at the Issuer or Public Company (if any), among others include:
a) Mechanism for violation reporting;
b) Protection for the whistleblower;
c) Handling of violation reports;
534-535
d) Unit responsible for handling of violation report; and
e) Results from violation report handling, at least includes:
(1) Number of complaints received and processed during the fiscal year; and
(2) Follow up of complaints;
19) A description of the anti-corruption policy of the Issuer or Public Company, at least containing:
a) Programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud, bribery and/or
565
gratification in Issuers or Public Companies; and
b) Anti-corruption training/socialization to employees of Issuers or Public Companies;
20) Implementation of the Guidelines of Corporate Governance for Public Companies for Issuer issuing Equi-
ty-based Securities or Public Company, including:
a) Statement regarding recommendation that have been implemented; and/or 569-572
b) Description of recommendation that have not been implemented, along with the reason and alternatives
of implementation (if any);
982 2024 Annual Report
Page 985
Functional Review Good Corporate Gov- Corporate Social Consolidated Financial Statements
ernance Responsibility
Description Page
h. Social and Environmental Responsibility of the Issuer or Public Company
1) The information disclosed in the social and environmental responsibility section is a Sustainability Report as
referred to in the Financial Services Authority Regulation Number 51/POJK.03/2017 concerning the Imple-
mentation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies, at at least
includes:
a) Explanation of the sustainability strategy;
√
b) Overview of sustainability aspects (economic, social, and environmental);
c) Brief profile of the Issuer or Public Company; √
d) Explanation of the Board of Directors; √
e) Sustainability governance; √
f) Sustainability performance; √
g) Written verification from an independent party, if any; √
h) Feedback sheet for readers, if any; and √
i) The response of the Issuer or Public Company to the previous year’s report feedback; √
2) The Sustainability Report as referred to in number 1) must be prepared in accordance with the Technical
Guidelines for the Preparation of a Sustainability Report for Issuers and Public Companies as contained in √
Appendix II which is an integral part of this Financial Services Authority Circular Letter;
3) Information on the Sustainability Report in number 1) can:
a) Disclosed in other relevant sections outside the Social and Environmental Responsibility section, such
as the Directors’ explanation regarding the Sustainability Report disclosed in the section related to the √
Directors’ Report; and/or
b) Refers to other sections outside the Social and Environmental Responsibility section by still referring to
the Technical Guidelines for the Preparation of Sustainability Reports for Issuers and Public Companies
√
as listed in Appendix II which is an integral part of this Financial Services Authority Circular Letter, such
as the profile of the Issuer or Public Company;
4) The Sustainability Report as referred to in number 1) is an inseparable part of the Annual Report but can be
√
presented separately from the Annual Report;
5) In the event that the Sustainability Report is presented separately from the Annual Report, the information
disclosed in the Sustainability Report must:
a) Contains all the information as referred to in number 1); and √
b) Prepared in accordance with the Technical Guidelines for the Preparation of a Sustainability Report for
Issuers and Public Companies as listed in Appendix II which is an integral part of this Financial Services √
Authority Circular Letter;
6) In the event that the Sustainability Report is presented separately from the Annual Report, then the Social
and Environmental Responsibility section contains information that information on Social and Environmental
√
Responsibility has been disclosed in the Sustainability Report which is presented separately from the Annual
Report; and
7) Submission of the Sustainability Report which is presented separately from the Annual Report must be sub-
√
mitted together with the Annual Report.
i Audited Annual Financial Statement
Financial Statements included in Annual Report should be prepared in accordance with the Financial Accounting
Standards in Indonesia and audited by an Accountant. The said financial statement should be included with state-
ment of responsibility for financial report as stipulated in the legislations in the Capital Markets sector governing √
the responsibility of the Board of Directors on the financial report or the legislations in the Capital Markets sector
governing the periodic reports of securities company in the event the Issuer is a Securities Company; and
j Letter of Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility for
Annual Reporting
Letter of statement of the Board of Directors and the Board of Commissioners regarding the responsibility for An-
nual Reporting should be prepared according to the format of letter of statement of member of Board of Directors
√
and the Board of Commissioners regarding the responsibility for Annual Reporting as attached in the Attachment,
which is an integral part of this Circulation Letter of the Financial Services Authority.
2024 Annual Report PT Bank Maybank Indonesia Tbk 983
Page 986
Main Highlights Management Report Company Profile Management Discussion
and Analysis
This page intentionally left blank
984 2024 Annual Report
Page 987
Page 988
2024 Annual Report ONE TEAM ONE DIRECTION NEW ENERGY PT Bank Maybank Indonesia Tbk Sentral Senayan III Jl. Asia Afrika No. 8 Gelora Bung Karno - Senayan Jakarta Pusat 10270 Indonesia T: +62 21 2922 8888 F: +62 21 2922 8914 www.maybank.co.id
Names mentioned 169 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Impacting Many It
p.4
unresolved
org
Bank Information Referring
p.6
unresolved
org
Financial Services Authority
p.7 ×16
unresolved
org
Bank Internasional Indonesia Tbk
p.33 ×18
unresolved
org
Indonesia Stock Exchange
p.33 ×3
unresolved
org
Bank Maybank Indonesia Tranche I Year
p.35 ×3
unresolved
org
Bank Maybank Indonesia Tranche III Year
p.35
unresolved
org
Bank Maybank Indonesia Tranche II
p.35
unresolved
person
Ir. Maybank Cycling Series Il
p.40
unresolved
org
PT Sarana
p.40
unresolved
org
PT Berdayakan Usaha Indonesia
p.41
unresolved
person
Prestasi
· Director
p.42
unresolved
org
PT Pamerindo Indonesia
p.43
unresolved
org
PT Akulaku Finance Indonesia
p.43
unresolved
org
PT Artha
p.43
unresolved
org
Graha Internasional Tbk
p.43
unresolved
org
PT PLN
p.47
unresolved
org
PT Artajasa Pembayaran Elektronis
p.47
unresolved
person
Maybankers
· President Commissioner
p.55 ×2
unresolved
org
Bank Indonesia
p.60 ×26
unresolved
org
Bank Indonesia’s
p.60
unresolved
org
Bank Indonesia Foreign Currency Sukuk
p.60
unresolved
org
Rupiah-Denominated Corporation
p.65
unresolved
org
Bank Business Groups Throughout
p.65
unresolved
—
Muhamadian
· Director
p.68
unresolved
person
Dr. KH. M. Saad Ih MA
p.73
unresolved
—
Daniel James Romp
· Independent Commissioner
p.74
unresolved
org
Swift Code
· Company Name
p.78
unresolved
org
Sorak Financial Holdings Pte.Ltd.
p.78 ×3
unresolved
org
Minister of Finance
p.78 ×2
unresolved
org
Ministry of Law and Human Rights of Republic of Indonesia
p.79
unresolved
org
Minister of Law
p.80
unresolved
org
PT Bank Tabungan
p.82
unresolved
org
PT Railink
p.82
unresolved
org
Registered Bond III Tranche Tbk
p.82
unresolved
org
Indonesia Tbk
p.82 ×2
unresolved
org
PT Federal International
p.82
unresolved
org
PT Angkasa Finance
p.82
unresolved
org
PT Sarana Multigriya
p.83
unresolved
org
PT Bio
p.83
unresolved
org
Farma Inc
p.83
unresolved
person
IT Analytic Reporting
· Corporate Secretary
p.84
unresolved
org
PT Wahana RAHARTATY
p.85
unresolved
org
Multiartha Tbk
p.85
unresolved
org
Bank Indonesia Certificates
p.88
unresolved
—
Shared Future Appointed
· President Commissioner
p.93
unresolved
org
Pigas Engineering Sdn Bhd
p.93
unresolved
org
Payments Network Malaysia Sdn Bhd
p.93
unresolved
—
Committee Appointed
· Independent Commissioner
p.94
unresolved
org
PT PwC Indonesia Konsultan
p.94
unresolved
org
PT PwC Consulting Indonesia
p.94
unresolved
—
Responsibility Achjar Ilj
· Independent Commissioner
p.95 ×2
unresolved
org
Bank BNI Tbk
p.95 ×2
unresolved
org
Bank Indonesia Institute
p.95
unresolved
org
PT BNP Paribas Indonesia
p.95
unresolved
org
PT Bank Negara Indonesia Syariah
p.95
unresolved
org
PT Visa Worldwide Indonesia
p.96
unresolved
org
Bank Indonesia Padang Branch
p.96
unresolved
org
PT Kebon Agung
p.96
unresolved
org
PT Melchor Tiara Pratama
p.97
unresolved
org
Bank Mandiri Indonesia Tbk
p.97 ×4
unresolved
org
Bank Restructuring Agency
p.97
unresolved
org
PT BHP BILLITON
p.97
unresolved
org
Bank Risk Management Fast Track
p.98
unresolved
org
Areca Capital Sdn Bhd
p.98 ×2
unresolved
org
Maybank Philippines Inc
p.98 ×2
unresolved
org
PT Hyundai Indonesia
p.99
unresolved
org
PT Infosys Solusi Terpadu
p.99
unresolved
org
Bank Berhad
p.100
unresolved
org
Bank Kerjasama Rakyat Malaysia
p.100
unresolved
org
Dana Pensiun Gereja Kristen Meeting
p.101
unresolved
org
PT Citicorp Leasing Indonesia
p.101
unresolved
org
PT Bank Niaga
p.101
unresolved
org
Yayasan Marturia
p.101
unresolved
org
PT IEB Prima Aset
p.101
unresolved
org
PT Bank BTPN Bachelor
p.102
unresolved
org
Concurrent Position Tbk
p.102
unresolved
org
Herbalife International Inc.
p.102
unresolved
org
Bank Card Sales Manager
p.102
unresolved
org
Bank Card Deputy Regional Sales Manager
p.102
unresolved
org
Bank Card Regional Sales Manager
p.102
unresolved
org
Economic Outlook Indonesia Danamon Indonesia Tbk
p.102
unresolved
—
CEO
· President Director
p.102
unresolved
org
Bank Singapore
p.103
unresolved
org
PT Bank Commonwealth Indonesia
p.106
unresolved
org
Bank Lippo Tbk
p.109 ×2
unresolved
org
BOD Technical CIMB Niaga Tbk
p.109
unresolved
person
Soeleman Ardjasasmita
p.651
unresolved
person
Ardjasasmita
p.651
unresolved
person
Notary Eliza Pondaag
p.651 ×2
unresolved
org
Minister of Justice
p.651 ×3
unresolved
org
Pengadilan Negeri
p.651
unresolved
org
PT Bank Tabungan Untuk Umum
p.651 ×2
unresolved
person
Lamoen Redjo
p.651
unresolved
org
Bank Devisa.
p.651
unresolved
person
Fathiah Helmi
p.651
unresolved
org
Menteri Hukum dan Hak
p.651
unresolved
org
Minister of Asasi
p.651
unresolved
org
Internasional Indonesia Tbk
p.653 ×2
unresolved
org
Maybank Indonesia Tbk
p.653 ×2
unresolved
org
Menteri Hukum dan Hak Asasi Manusia
p.653
unresolved
org
Minister of Laws and Human Rights
p.657
unresolved
—
Pengangkatan Daniel James Rompas
· Komisaris
p.667 ×18
unresolved
person
Sodikun
· Anggota
p.668
unresolved
person
Ahmad Satori
· Anggota
p.668
unresolved
person
Muhammad Anwar Ibrahim
· Ketua
p.668 ×3
unresolved
person
Abdul Jabar Majid
· Anggota
p.669
unresolved
person
Mohammad Bagus Teguh Perwira
· Anggota
p.669
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